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ndia’s Yes Bank expects to sell a 20% stake to Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group, for $1.58 billion, pending regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.

Banking

Japan’s SMBC Buying Stake In Yes Bank

India’s Yes Bank expects to sell a 20% stake to Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group, for $1.58 billion, pending regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.

Technology

India: Musk’s Starlink Links Up

Two of India’s biggest telecom providers, Reliance Jio and Bharti Airtel, separately inked deals with Elon Musk’s Starlink last month...
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India

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about India economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of India best banks and safest banks are also available.
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