The country’s largest lender, State Bank of India (SBI), on Tuesday reported a 10 per cent year-on-year (y-o-y) rise in net profit for the quarter ended September at ₹20,160 crore. This was led by an one-time gain of ₹4,593 crore following SBI’s stake sale in YES Bank. In September, SBI divested its 13.18 per cent stake in Yes Bank to Sumitomo Mitsui Banking Corp (SMBC) for ₹8,889 crore.SBI’s net interest income or core income was up 3 per cent y-o-y at ₹42,984 crore, while other income was up 30 per cent t ...

Starbucks to sell majority stake in China business in $4bn deal https://t.co/HwshGPaVK9 ...

State Bank of India (SBI) is expected to see its net profit decline for the the September quarter even as healthy loan growth and one-off treasury gains from its stake sale in Yes Bank offset pressure on margins, according to analysts.The country's largest state-run lender is expected to post a standalone net profit of ₹17,523 crore in the quarter, down over 4% year-on-year, according to a Bloomberg analyst poll. The bank’s June-quarter bottom line stood at ₹19,160 crore. The public sector lender saw its op ...

Chinese pay-as-you-go gym chain Supermonkey is considering options, including a stake sale, according to people familiar with the matter https://t.co/5JK2namVoo ...

Saudi Arabia-based Advanced Communications and Electronics Systems is weighing a stake sale, people familiar with the matter said https://t.co/QrapunaryL ...

South Korea’s SK Group Sells $1 Billion Stake In Vietnam’s Vingroup: Report https://t.co/Zo8Eq0qfoV https://t.co/TwD4fZURS2 ...

EDF is considering selling a roughly 50% stake in its North American renewable power business, which could fetch about €2 billion https://t.co/KW2VtJoSoS ...

Starbucks reportedly has attracted offers for a potential stake sale in its Chinese business that value it between $5 billion and $10 billion. https://t.co/6fW0EgZ8WT ...

Macquarie's asset management arm is considering selling its 50% stake in a chemical storage terminal at Singapore’s Jurong Island, according to people familiar with the matter https://t.co/Q7nuDSFtaI ...