Author: Market News Desk

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 20% stake in India’s Yes Bank in what will be the largest-ever cross-border investment in an Indian bank. This move, involving a USD 1.58 billion transaction, signals a major turning point for Yes Bank, which has been recovering from financial troubles since 2017. The deal awaits regulatory clearance from the Reserve Bank of India and the Competition Commission of India. Sumitomo Mitsui Banking Corporation (SMBC), a leading Japanese financial group headquartered in Tokyo, announced plans to acquire a 20% stake in Yes Bank, headquartered in Mumbai, Maharashtra, India. The…

Chinese stocks soared and the yuan strengthened on April 11, 2025, after the U.S. and China reached a deal to slash reciprocal tariffs, easing tensions from the ongoing trade war. Chinese stocks surged, and the yuan strengthened dramatically after the United States and China announced they had reached a landmark agreement to slash reciprocal tariffs, signaling a de-escalation in the ongoing trade war between the two economic giants. According to U.S. Treasury Secretary Scott Bessent, the deal, reached after talks with Chinese officials in Geneva, includes a 90-day pause on punitive tariffs, with the U.S. agreeing to reduce tariffs on…

India offers to reduce its tariff gap with the U.S. to under 4% in exchange for tariff exemptions, aiming to finalize a trade deal with the Trump administration. India has proposed slashing its tariff gap with the United States from nearly 13% to under 4% in exchange for an exemption from U.S. tariffs. This offer comes as both nations aim to rapidly finalize a trade deal. The proposal, under negotiation, includes zero duties on 60% of tariff lines initially and preferential access to nearly 90% of U.S. goods. India, which is currently the world’s fifth-largest economy, seeks preferential market access…

In a significant breakthrough in global trade, the United States and China have agreed to drastically reduce tariffs imposed during their years-long trade dispute. Effective April 2, 2025, the U.S. has cut its tariffs on Chinese imports from 145% to 30%, while China has reduced its duties on American goods to 10% from a previous high of 125%. The agreement aims to restore balance in global supply chains and calm economic tensions. In a pivotal move on April 2, 2025, the United States and China announced a mutual agreement to significantly reduce tariffs that were imposed during the height of…

Elon Musk’s Tesla is reportedly scouting land in Satara, Maharashtra, India, to establish a completely knocked down (CKD) unit for assembling electric vehicles. This move aligns with Tesla’s broader plan to enter the Indian market by April 2026. Tesla, the renowned electric vehicle manufacturer led by Elon Musk, is reportedly exploring land parcels in Satara, a district in the state of Maharashtra, India, for setting up a completely knocked down (CKD) assembly unit. The move signals a significant step toward the company’s planned entry into the Indian market, expected by April 2026. Based in the United States, Tesla Inc. designs,…

Ravi Infrabuild Projects Limited, a civil construction company headquartered in Maharashtra, India, has filed draft papers with SEBI for an initial public offering (IPO) worth ₹1,100 crore. The company has demonstrated consistent growth, with a 22.26% CAGR in its order book from 2022 to 2024. The IPO proceeds will support equipment acquisition, debt repayment, and general corporate purposes. Ravi Infrabuild Projects Limited, a leading infrastructure development firm based in Maharashtra, India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aiming to raise ₹1,100 crore. Established…

Srigee DLM makes a grand entry on the BSE SME platform with a 90% premium on its debut. The company, known for plastic injection moulding and assembly services, saw an overwhelming 490.93x subscription for its IPO. Srigee DLM Ltd. made an impressive debut on the BSE SME platform on 12 May 2025, with shares opening at ₹188.10 apiece, reflecting a remarkable 90% premium over its issue price of ₹99. The company, based in India, specializes in design-oriented manufacturing and assembly services, with expertise in plastic injection moulding, tool room and die production, mobile phone sub-assembly, and polymer compounding. Srigee DLM…

Paradeep Phosphates Ltd., based in Odisha, India, reported an exceptional 644% year-on-year rise in net profit for Q4 FY25, driving its stock price up 200% in two years and 61% in just the last two months. The company, which is one of India’s leading phosphatic fertilizer manufacturers, continues to gain investor interest amid strong volume growth, a diversified NPK portfolio, and optimistic future guidanc Paradeep Phosphates Ltd., a leading player in India’s phosphatic fertilizer industry headquartered in Odisha, has drawn major attention from investors following its staggering financial performance in Q4 FY25. On May 12, 2025, the company’s stock surged…

Indian equity markets opened on May 12, 2025, with a positive outlook as investors monitored key stocks including Tata Steel, Dr Reddy’s, and SBI, driven by quarterly results, strategic deals, and sector momentum amid easing geopolitical concerns. Indian equity markets opened with cautious optimism, supported by company earnings and strategic developments in key stocks. This follows a volatile previous week marked by geopolitical tensions. Investors are now keenly focused on corporate results and business news that may steer market direction across sectors. In Maharashtra, Tata Steel, one of India’s largest steel producers, will declare its Q4 FY25 results today, drawing…

Indian stock markets soared by over 2.5% on May 12 following a ceasefire agreement between India and Pakistan, bringing relief after four days of escalating conflict. The Nifty 50 and BSE Sensex rallied alongside mid- and small-cap indices, signaling renewed investor confidence. Financials, IT, and tourism sectors led the rally, while pharma stocks dipped due to U.S. policy concerns On May 12, Indian stock markets witnessed a sharp rally as the country’s ceasefire agreement with Pakistan provided relief to investors after days of military tension. The truce followed a four-day exchange of strikes, the most intense in nearly 30 years,…