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2 days ago | 
japantimes.co.jp | Reina Sasaki |Rachel Yeo |Justina Lee |Harshita Swaminathan
Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group will detail how much the Bank of Japan’s commitment to raise borrowing costs could help profit margins in the midst of uncertainty sparked by U.S. tariffs. The central bank stood pat earlier this month after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
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2 days ago | 
bloomberg.com | Harshita Swaminathan |Satviki Sanjay
(Bloomberg) -- India’s top cinema chain PVR Inox Ltd. is betting on a slew of Hollywood and Bollywood releases to bring back movie-goers after a lackluster year. PVR Inox expects Hollywood blockbusters such as and Bollywood sequels such as and to bring crowds back to theaters after movie admissions fell 9.5% in the year ending March 31, amid an overall consumption slowdown.
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5 days ago | 
news.bloombergtax.com | Harshita Swaminathan |Baiju Kalesh
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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5 days ago | 
news.bloomberglaw.com | Harshita Swaminathan |Baiju Kalesh
Sumitomo Mitsui Financial Group Inc.’sbanking unit agreed to buy a 20% stake in Indian lender Yes Bank Ltd. for about 135 billion rupees ($1.58 billion), as Japanese firms continue their expansion in the world’s most-populous country. Sumitomo Mitsui Banking Corp. will acquire shares from State Bank of India and other investors for about 21.50 rupees each to become the top shareholder, according to a stock exchange filing Friday.
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5 days ago | 
bloomberg.com | Harshita Swaminathan
Swiggy Ltd. delivery workers in Mumbai, India. (Bloomberg) -- Swiggy Ltd. reported a wider-than-expected loss as the Instamart quick-commerce business rapidly expanded its store footprint in the hyper-competitive segment. The company said it added more stores in the fourth quarter than in the last eight quarters combined, and offered discounts in order to be competitive.
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5 days ago | 
bloomberg.com | Harshita Swaminathan |Baiju Kalesh
A Yes Bank branch is being pictured in Kolkata. (Bloomberg) -- Sumitomo Mitsui Financial Group Inc.’s banking unit agreed to buy a 20% stake in Indian lender Yes Bank Ltd. for about 135 billion rupees ($1.58 billion), as Japanese firms continue their expansion in the world’s most-populous country. Sumitomo Mitsui Banking Corp. will acquire shares from State Bank of India and other investors for about 21.50 rupees each to become the top shareholder, according to a stock exchange filing Friday.
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5 days ago | 
news.bloomberglaw.com | Harshita Swaminathan
Japan’s Sumitomo Mitsui Banking Corp. will buy a 13.2% stake in Indian private sector lender Yes Bank Ltd. in an about $1 billion deal. SMBC will buy 4.13 billion Yes Bank shares from State Bank of India at 21.50 rupees each, to pay a total 88.9 billion rupees ($1 billion), according to a stock exchange filing Friday. Bloomberg News reported earlier SMFG was in talks for a minority stake in Yes Bank. SBI, India’s top lender, is the biggest shareholder of Yes Bank with a 24% stake.
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5 days ago | 
news.bloombergtax.com | Reina Sasaki |Rachel Yeo |Justina Lee |Harshita Swaminathan
Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. will detail how much the Bank of Japan’s commitment to raise borrowing costs could help profit margins in the midst of uncertainty sparked by US tariffs. Japan’s central bank stood pat last week after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
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6 days ago | 
bloomberg.com | Reina Sasaki |Rachel Yeo |Justina Lee |Harshita Swaminathan
Mount Fuji and the Shinjuku skyline seen from an observation deck in Tokyo, Japan, on Tuesday, Dec. 26, 2023. Japan’s industrial output in November is scheduled to be released by the Ministry of Economy, Trade and Industry on Dec. 28. Photographer: Akio Kon/Bloomberg(Bloomberg) -- Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc.
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6 days ago | 
news.bloomberglaw.com | Reina Sasaki |Rachel Yeo |Justina Lee |Harshita Swaminathan
Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. will detail how much the Bank of Japan’s commitment to raise borrowing costs could help profit margins in the midst of uncertainty sparked by US tariffs. Japan’s central bank stood pat last week after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
