Gopika Gopakumar

6 days ago | livemint.com | Gopika Gopakumar

Mumbai: The Indian rupee fell nearly 1% on Thursday amid rising tensions between India and Pakistan. The domestic currency opened at 84.61 and moved between an intra-day high of 84.52 and a low of 85.77 against the dollar. It closed 89 paise lower at 85.72 after ending at 84.83 against the dollar on Wednesday, marking the worst day since 6 February 2023.

1 week ago | livemint.com | Gopika Gopakumar |Anirudh Laskar

Japan's Sumitomo Mitsui Banking Corp. (SMBC) has secured Reserve Bank of India (RBI) go-ahead to acquire 51% in private lender Yes Bank, two people aware of the development said, in a deal that may value the private lender at $1.7 billion. SMBC will either buy less than 26% in Yes Bank and do a merger through a share swap, or may buy up to 26% and launch an open offer, the people said. Currently, State Bank of India (SBI) and other lenders hold 33% in Yes Bank.

1 week ago | htsyndication.com | Gopika Gopakumar |Anirudh Laskar

Posted On: 2025-05-06 Posted By: Gopika Gopakumar & Anirudh Laskar Business & Finance Technology Hindustan Times mumbai, May 6 -- Japan's Sumitomo Mitsui Banking Corp. (SMBC) has secured Reserve Bank of India (RBI) go-ahead to acquire 51% in private lender Yes Bank, two people aware of the development said, in a deal that may value the private lender at $1.7 billion.

1 week ago | htsyndication.com | Gopika Gopakumar |Dipti Sharma

New Delhi, May 5 -- The global equity markets are not pricing in a severe downturn just yet because a covid-style shock looks unlikely, even as there is a risk of a mild recession in the US, according to Rig Karkhanis, head of global markets at Nomura. Any progress on a US-China settlement could calm market nerves and potentially trigger a turnaround-especially in non-US markets, said Karkhanis.

1 week ago | livemint.com | Gopika Gopakumar |Dipti Sharma

Any progress on a US-China settlement could calm market nerves and potentially trigger a turnaround—especially in non-US markets, said Karkhanis. “I think regions like Europe and India could see a significant wave of inflows and investor interest in that scenario." Karkhanis flagged some selling of US assets—both equities and debt—as investors begin shifting towards Europe, Japan and emerging markets (EMs), especially China after its fiscal stimulus announcement.