Yes Bank has said the entry of Japan’s Sumitomo Mitsui Banking Corporation (SMBC) as its largest shareholder has significantly strengthened the bank’s institutional positioning. SMBC, part of Sumitomo Mitsui Financial Group and a Global Systemically Important Bank, holds a 24.9 per cent stake in Yes Bank. The lender said the partnership provides not only additional…
The Joint Tribes Council Manipur (JTCM) has called for the implementation of the National Register of Citizens (NRC) in Manipur before the Census or any delimitation exercise is undertaken in the state. Expressing concern over what it described as continued cross-border influx and demographic changes, the council said a verified record of genuine citizens and…
The Democratic Students’ Alliance of Manipur (DESAM) has demanded an independent investigation into 160 metric tonnes of non-watermarked paper procured for the Board of Secondary Education, Manipur (BOSEM), raising concerns over its current status and the quality of educational materials supplied to students. In an open letter to Chief Minister Yumnam Khemchand Singh, DESAM sought…
Yes Bank Ltd. is preparing to return to the international bond market for the first time since its controversial Additional Tier 1 (AT1) debt write-off in 2020. The Indian private-sector lender has appointed arrangers for a proposed benchmark-sized three-year US dollar bond and is scheduled to hold discussions with fixed-income investors. The planned issuance comes…
Manipur observed Patriots’ Day to honour the heroes of the 1891 Anglo-Manipur War, paying tribute to Crown Prince Bir Tikendrajit Singh and Thangal General, who were publicly hanged by the British on August 13, 1891. The commemorations began with floral tributes at Hicham Yaicham Pat, Thangal Temple, and the statue of Thangal General, followed by…
Bank of Baroda is considering raising funds through a dollar-denominated bond issue, encouraged by strong investor demand for State Bank of India’s recent foreign-currency debt sale, according to banking sources. India’s second-largest state-run lender by assets is planning a dual-tranche bond issue with maturities of three and five years and has provided initial pricing guidance….
Government, UNC Hold Talks Over Manipur Economic Blockade A high-level meeting between the Manipur government and the United Naga Council (UNC) was held in Senapati to discuss the prevailing situation in the state and the ongoing economic blockade along national highways. The meeting was chaired by Deputy Chief Minister Losii Dikho and Home Minister Konthoujam…
State Bank of India (SBI) Chairman C S Setty has called for artificial intelligence (AI) in banking to move beyond its initial applications and reach rural customers, small businesses and the agricultural sector. Setty said the true test of AI would not be the sophistication of the technology but its economic impact—whether it can help…
Hyundai Motor India (HMIL) is targeting cumulative sales of 1 million connected cars by 2027, up from more than 0.8 million currently, as demand for technology-enabled vehicles continues to rise in India. The company aims to cross the 2 million connected-car milestone by 2030. Hyundai’s Bluelink platform offers more than 70 features, including remote vehicle…
Manipur Governor Ajay Kumar Bhalla on Thursday reviewed the progress of the National Tuberculosis Elimination Programme (NTEP) and launched the Nikshay Mitra Manipur portal at Raj Bhavan, Imphal. The high-level meeting was attended by Chief Secretary Puneet Kumar Goel, Commissioner-cum-Secretary Sumant Singh, and other senior officials. During the review meeting, officials highlighted the progress of…
