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By midday, bitcoin was trading at $101,402.19, a 4.8% gain on the day. The world's biggest cryptocurrency has clawed its way back into positive territory for the year, although it remains off the all-time high above $109,000 reached in January.
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News and Media
Promoter ownership in India's top 500 companies has declined to a record low of 49.5% in the March quarter, driven by high valuations and strong investor demand prompting stake sales. Non-banking finance, telecom, and public sector banks experienced the most significant drops in promoter holdings.
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News and Media
State Bank of India and Yes Bank boards are convening Friday to finalize the sale of stakes to Sumitomo Mitsui Banking Corp. SMBC will acquire a 20% stake initially, potentially increasing to a majority, with SBI retaining a 10% share. The deal, subject to regulatory approval, could be India's largest bank M&A, with SMBC possibly gaining two board seats.
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News and Media
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