Yes Bank on Saturday said that the Reserve Bank of India (RBI) has approved a proposal by Japanese lender Sumitomo Mitsui Banking Corporation to acquire up to 24.99% in the private sector lender. The Japanese lender announced in May that it will acquire a 20% stake in Yes Bank for ₹13,482 crore, in the largest…
A day after the Reserve Bank of India (RBI) reignited the debate over its inflation-targeting framework, a wide array of analysts argued that anchoring monetary policy to headline inflation remains the most effective approach for the country. The primary argument for maintaining the status quo is the simple reality of the Indian consumer. Food accounts…
FMCG conglomerate DS Group (Dharampal Satyapal Group) said on Thursday that it has launched a digital marketing guide, DCODE, in partnership with global advertising agency WPP Media. The playbook outlines best practices across key areas of digital marketing, including paid media, social media, influencer marketing, search engine optimisation (SEO), online reputation management (ORM), and more,…
Bengaluru: The promoter family of Anand Rathi Group has bought a flat in an under-construction project of Lodha Developers Ltd at Worli in Mumbai for for ₹131.7 crore, marking yet another big-ticket deal in the posh residential neighbourhood. The 10,538-sq-ft flat is on the 40th floor Lodha Sea Face luxury tower and comes with seven…
The catch: companies are not dipping into the money just yet, with muted capex, cheaper money market options, and ongoing repayments holding back actual disbursements, leading to weak corporate loan growth for banks in the first quarter of FY26. For instance, State Bank of India chairman C.S. Setty told mediapersons in the Q1 earnings call…
In an informal note to the PMO last month, the Department of Telecommunications (DoT) has proposed “multiple relief options”, including a further two-year pause on paying the statutory dues under moratorium currently, one of the two officials quoted said on the condition of anonymity. The PMO will take the final decision on whether any relief…
NEW DELHI : The Promotion and Regulation of Online Gaming Bill, 2025, which was passed by the Rajya Sabha on Thursday, is on track to become a law unless the President of India recommends it to a standing committee. Mint answers key questions about the bill, which is set to transform the games that once…
Batra didn’t defend the product. He leaned, slightly. “Maaji, you call me your son. Yet wouldn’t a mother want her son to get promoted?” She hesitated, then told the younger man beside her to pull several cartons from the stack. Standing a step behind, Vineet Agrawal—only months into his first sales job—watched the exchange. Nothing…
NEW DELHI : Undeterred by a lukewarm box office reception, the Indian film industry is going big, rolling out movie after movie on a grand scale. The two-part mythological epic Ramayana—whose first instalment is due in 2026—is touted as the most expensive Indian film ever, with a budget of ₹4,000 crore. Director S.S. Rajamouli’s untitled…
New Delhi: The Indian government is set to accord infrastructure status to the shipping industry, with a formal notification expected within a fortnight, two people familiar with the matter told Mint. Infrastructure status would help shipping firms access cheaper, longer-term bank funding, spurring purchases from Indian shipyards and boosting domestic vessel ownership, they added. The…