cross border investment

State Bank of India and other lenders are selling a 20% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation for Rs 13,483 crore. This marks the largest cross-border investment in Indian banking, making SMBC the largest shareholder. The sale follows Yes Bank's 2020 rescue, with SBI retaining just over 10% stake after the deal.

India briefed the Taliban regime about Pakistan's involvement in the Pahalgam attack, seeking international support against cross-border terrorism. The Taliban's acting foreign minister condemned the attack and emphasized the need for accountability. This meeting highlights improving India-Taliban relations amidst escalating tensions between India and Pakistan, primarily due to Pakistan's alleged support for terrorist activities.

Operation Sindoor impact on stock market today: The NSE Nifty settled at 24,273.80, decreasing by 140.60 points or 0.58 per cent, with an intraday low of 24,150.20. The 30-share index Sensex closed at 80,334.81, down by 411.97 points or 0.51 per cent.

India-Pakistan tensions: India has voiced strong concerns at the IMF's Executive Board meeting regarding bailout packages for Pakistan, citing its poor track record and potential misuse of funds for terrorism. India highlighted Pakistan's repeated reliance on IMF programs, questioning their effectiveness and the country's economic policies.

Indian ambassador Akhilesh Mishra strongly criticized The Irish Times for its editorial on the Pahalgam terror attack, accusing it of downplaying terrorism and echoing narratives that support its perpetrators. Mishra highlighted the editorial's failure to condemn the attack unequivocally and its criticism of PM Modi.

Northeastern Nigeria's governors are urging the government to adopt a new strategy against a resurgence of Islamist militant attacks. Recent violence, claiming over 100 lives, has prompted calls for a reappraisal of counter-insurgency tactics.

Following the Pahalgam terror attack and escalating tensions, Indian stock markets have shown resilience, with Nifty 50 and BSE Sensex rising. Conversely, Pakistan's stock market crashed, reflecting economic vulnerabilities and investor jitters.

India and the UK have finalized a significant free trade agreement. The agreement ensures duty-free access to UK markets for 99% of Indian exports. India will reduce import duties on 90% of tariff lines, benefiting consumers with lower prices on various goods.

Indian defence stocks surged amid India-Pakistan tensions and anticipation of the Rafale-M fighter jet deal. Companies like Paras Defence and Hindustan Aeronautics saw significant gains. Experts suggest caution for new investors due to potentially short-lived tensions.

Stock market recommendations: Motilal Oswal Financial Services recommends ICICI Bank and 360 One WAM as top stock picks for the week starting April 28, 2025. ICICI Bank's Q4 performance showcased robust growth. 360 ONE reported record PAT, fueled by recurring revenue growth.

A war would necessitate substantial increase in military spending, diverting resources away from other vital sectors such as healthcare and education. Pakistan’s already high debt burden would likely increase further, making it harder for the country to cope with the economic fallout

Following the Pahalgam terrorist attack, Pakistan's response to India's diplomatic measures reveals structural differences. Pakistan's National Security Committee, dominated by the military, contrasts with India's democratic decision-making. Islamabad's denial of involvement and suspension of the Simla Agreement escalate tensions, risking international scrutiny and economic isolation, highlighting a lack of strategic depth.

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, rallied strongly in trade on Monday. While BSE Sensex went above 80,300, Nifty50 crossed 24,350 intraday.

Pakistan has access to China’s military space capabilities. Indian armed forces lack a dedicated satellite system. Pahalgam is a reminder that New Delhi must upgrade its satellite-based surveillance network

Sudeep Neupane, 27, was cremated at Triveni Ghat around noon, with hundreds, including local govt officials, gathered for the last rites. Sudeep, his family said, was shot immediately after he identified himself as a Hindu and had no time to explain that he was not from India.

Following India's sanctions after the Pahalgam terror incident, the Pakistan Stock Exchange plummeted, with the KSE-100 index dropping 2.12%. India halted the Indus Waters Treaty, closed the Wagah-Attari border, and revoked Pakistani citizens' visa privileges.

The upcoming India-US Bilateral Trade Agreement (BTA) is expected to become a model for India's future trade negotiations with other developed nations, according to a report by ACMIIL, a stock market company.

Mark Carney's Liberals surged in the polls, fueled by his 'Canada Strong' message and perceived ability to counter Trump. However, a late shift in Trump's rhetoric allowed the Conservatives to close the gap, resulting in a Liberal minority government. Carney now faces navigating a minority parliament, needing support from other parties to enact his agenda amid economic uncertainty.