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SBI and a group of private banks are poised to receive a tax exemption on 13,483 crore income from selling their stake in Yes Bank to SMBC. The Yes Bank Reconstruction Scheme, 2020, exempts banks from capital gains tax on profits from the share sale. This deal marks Japan's largest bank's entry into India.
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News and Media
BlackRock Inc. is set to invest up to 500 million in the UK's data center market, coinciding with CEO Larry Fink's participation in President Trump's state visit. The asset manager has acquired a west London site to launch Digital Gravity Partners, focusing on underutilized data centers.
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News and Media
US Deputy Secretary of State Christopher Landau expressed regret over the detention of South Korean workers in Georgia. He assured that the returning workers would face no re-entry disadvantages. Discussions focused on appropriate work visa issuance, acknowledging Korean companies' role in US manufacturing. South Korea seeks a dedicated visa quota, addressing a frustration despite the existing free trade agreement.
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News and Media
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