Yes Bank’s board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio.
Foreign investors have resumed selling Indian equities in September, with FPI outflows crossing Rs 23,000 crore through September 19. Higher crude prices, elevated US bond
Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed.
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