YESBANK.NSEYes Bank Ltd
Indian shares drop as broader profit booking dampens earnings optimism
India’s equity benchmarks slipped on Tuesday as profit booking led by IT stocks outweighed earnings-driven gains in Bharti Airtel and Titan Company. The Nifty 50 eased 0.64% to 25,597.65, while the BSE Sensex fell 0.62% to 83,459.15. Fifteen of the 16 major sectors logged losses. The broader small-caps and mid-caps fell 0.8% and 0.4%, respectively. Analysts expect the benchmarks to consolidate near current levels after a sharp 4.5% rise in October, that was driven by stable quarterly earnings and strong festival season sales. “Broad macro indicators reinforce our optimism around a cyclical recovery starting second half of fiscal year 2026, led by discretionary consumption,” Emkay Global Financial Services said. Investors also awaited clarity on India-U.S. trade talks. Trade Minister Piyush Goyal said last month that India would not accept limits on its trade options or rush into agreements, even as a senior official described a deal with Washington as “very near.” Markets are closed on Wednesday for a local holiday.
cityfalcon.com·49m ago
India federal agency freezes Anil Ambani Group’s $351 million properties, source says
NEW DELHI: India’s financial crime agency has provisionally frozen 30.84 billion rupees ($350.87 million) in assets linked to Reliance Anil Ambani Group as part of a money-laundering investigation, a government source said on Monday. The case involves loans taken by the group, owned by the younger brother of billionaire Mukesh Ambani, from India’s YES Bank between 2017 and 2019 in excess of $568.86 million. Investments made with the funds delivered no returns. The Enforcement Directorate has now blocked any transactions from taking place on residential units and land parcels across Mumbai, Delhi and Chennai, including industrialist Anil Ambani’s family residence in Mumbai, the source added. Reliance Group did not immediately respond to a request for comment. Investigators allege the funds raised by Reliance Home Finance Ltd and Reliance Commercial Finance Ltd, were part of a “well-planned” scheme to siphon off 30 billion rupees ($350 million) in loans from YES Bank to many shell companies.
cityfalcon.com·1d ago
Banking Pot: Is something hot brewing?
Over $6 billion in fresh FDI inflows into private banks like Yes Bank and Federal Bank highlight renewed global confidence in India’s banking sector. Improving credit quality, moderating costs, and signs of private capex revival add to the sector’s bullish outlook.
cityfalcon.com·1d ago
Yes Bank-ADAG loan fraud: Anil Ambani’s son under CBI lens
Mumbai: While industrialist Anil Ambani has been chargesheeted by CBI in the Yes Bank loan fraud case, his son, Jai Anmol Ambani, has come under the l.
cityfalcon.com·6d ago
VinFast India Partners With YES BANK to Deliver Comprehensive EV Financing Solutions
Gurugram (Haryana) [India], October 28: VinFast Auto India, a subsidiary of the global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with YES BANK, India's sixth-largest private sector bank, to provide retail and inventory financing for its exclusive dealer network.
cityfalcon.com·7d ago