The recent rally follows Sumitomo Mitsui Banking Corporation’s (SMBC) announcement that it will acquire a 20% stake in Yes Bank for Rs 13,482 crore. SMBC will purchase a 13.19% stake from State Bank ...

Information technology (IT) stocks on Tuesday declined heavily in the Nifty IT index due to a weak market. While LTI Mindtree Limited (up 1.37%) and Tech Mahindra Limited (up 0.90%) were among the top ...

Kotak Institutional Equities has maintained its 'sell' rating on the lender even after the announcement of significant stake acquisition by Sumitomo Mitsui Banking Corporation.