The Reserve Bank of India has approved Yes Bank’s proposed amendments to its Articles of Association, facilitating the appointment of nominee directors. This move precedes Sumitomo Mitsui Banking Corporation’s acquisition of stakes from SBI and other lenders. Post-acquisition, SMBC will…
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Shapoor Mistry is integrating his nephews, Firoz and Zahan Mistry, into the Shapoorji Pallonji Group’s strategic operations alongside his son, Pallon. This initiative aims to involve the next generation in crucial structural changes, entrusting them with capital allocation and governance…
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In a surprising move, US President Donald Trump has softened his stance towards India, expressing optimism about trade negotiations and a potential meeting with Prime Minister Modi. This follows weeks of tension marked by criticism from the US regarding trade…
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AU Small Finance Bank mourns the sudden loss of its CFO, Mr. Vimal Jain, who passed away today due to cardiac arrest. Mr. Jain, who joined in 2010, was a respected leader instrumental in shaping the bank’s financial strategy.
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CFO Ramesh Swaminathan says the US administration’s pending decision on imposing tariffs on pharmaceutical imports could have significant implications for the generics industry, particularly around affordability and access to medicines.
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The Indian IT sector faces a potential threat from the proposed HIRE Act 2025 in the US, which imposes a 25% tax on outsourcing. This could significantly impact India’s $100 billion IT exports, with the US being a major market.
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