Toru Nakashima, the global CEO of Sumitomo Mitsui Banking Corporation, recently engaged with employees at Yes Bank, emphasizing his commitment to their future. He conveyed a message of confidence regarding job security and anticipated growth, following SMBC's recent acquisition of a 20% stake in the bank.
India is set to launch the Pradhan Mantri Kaushal Mudra Yojana (PMKMY) in the upcoming Budget 2026-27, a five-year scheme to fund workforce skilling. This initiative aims to provide broader access to high-end training, particularly for emerging sectors, and ensure resources reach women, rural youth, and persons with disabilities.
Radhakishan Damani, Indias low-profile billionaire and Retail King, appears to have exited his decade-old stake in Tata Groups retail arm, Trent. His holding, once 2.74% in 2010, has fallen below 1% in the September 2025 quarter. Damanis exit follows years of stellar business and stock performance, sparking fresh speculation on Dalal Street about the rationale behind the move.
Goldman Sachs turned bullish on Indias defence sector after DAC cleared Rs 790 billion in new projects, naming PTC Industries, Bharat Electronics, and Solar Industries as top picks. The brokerage sees up to 46% upside, citing strong order visibility and expanding opportunities in naval and missile systems.
Allies and opponents of Mayor Brandon Johnson are voicing reservations about his idea to pull money out of tax-increment financing districts around the city.
The National Pension System (NPS) is undergoing a silent revolution. With the Multiple Scheme Framework now allowing 100% equity allocation, lower fees, and proposed exit flexibility, investors have unprecedented control over retirement planning. Over 9 crore Indians are already part of the system, which offers tax benefits, low costs, and long-term wealth-building potentialmaking NPS a powerful alternative to traditional retirement products.
Over 300 companies, including major names like Adani, ITC, Larsen & Toubro, and Swiggy, are set to announce Q2 FY26 results this week. Earnings from sectors spanning energy, banking, consumer goods, and manufacturing will provide insights into corporate performance amid volatile commodity prices, shifting consumer demand, and changing monetary conditions. Investors will watch for trends in profitability and market sentiment.
