Market Focus: YES Bank Stake Acquisition and Export Orders Dominate Headlines

Japan's Sumitomo Mitsui Banking Corporation (SMBC) has received clearance from India's Competition Commission to acquire a 24.99% stake in YES Bank. The deal, involving secondary purchases from SBI and seven other private banks, marks a significant foreign investment in India's banking sector. SMBC's Indian subsidiary already ranks among the country's top NBFCs.

Cupid Ltd reports robust B2B export orders worth $11.5 million across its contraceptive and lubricant product lines. The orders, slated for fulfillment in FY26, stem from government tenders in African nations and partnerships with global health organizations.

Infrastructure firm PNC Infratech emerges as the leading bidder for an Airport Authority of India development project, signaling continued growth in India's aviation infrastructure sector.