Sumitomo Group News Monitoring

Sumitomo to pay Rio Tinto $430m for 30% of WA copper project

Australian miner Rio Tinto on Monday announced a final joint venture (JV) agreement with Japanese group Sumitomo Metal Mining (SMM) to develop the Winu copper and gold project, in the Great Sandy Desert of Western Australia. Under the agreements, Rio Tinto …

Sumitomo Mitsui Financial to buy stake in India bank

Japan's Sumitomo Mitsui Financial Group will invest in a commercial bank in India to gain greater access to the huge local market. The company says its subsidiary Sumitomo Mitsui Banking will buy 20 percent of Mumbai-based Yes Bank for about 135 …

Yes Bank share price jumps over 8% after Japan’s Sumitomo acquires a 20% stake

Sumitomo Mitsui Doubles Down On India With Plan To Buy Stake In Yes Bank For $1.6 Billion

A customer exits a Yes Bank Ltd. branch in Mumbai, India, on Tuesday, April 30, 2018. © 2019 Bloomberg Finance LP Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as …

Yes Bank Share Price Could See Rerating After Sumitomo Buys 20% Stake in Private Sector Lender

Yes Bank shares were locked in 10 percent upper circuit after Japanese financial services major Sumitomo bought 20 percent stake in the bank from Indian banks holding stake in the private sector lender. Yes Bank shares could see rerating in the upcoming …

Sumitomo's $1.6 billion Yes Bank stake buy: Strategic gain or risky gamble?

Sumitomo's $1.6 billion Yes Bank stake buy: Strategic gain or risky gamble? Japan’s Sumitomo Mitsui Banking Corp (SMBC) has signed a definitive agreement to acquire a 20% stake in Yes Bank for Rs 13,483 crore, buying 13.19% from State Bank of India and …

Sumitomo Mitsui Financial to Acquire Stake in Indian Bank

Newsfrom Japan Economy May 10, 2025 13:46 (JST) Tokyo, May 10 (Jiji Press)--Sumitomo Mitsui Banking Corp. will spend 134.8 billion Indian rupees to acquire a 20 pct stake in Yes Bank, an Indian commercial bank, Sumitomo Mitsui Financial Group Inc., the …

Yes Bank Stake Sale: SBI Set To Sell 13.19% Stake To Sumitomo Mitsui For Rs 8,888.97 Cr

Last Updated:May 09, 2025, 16:48 IST SBI holds a 24 per cent stake in Yes Bank, as a result of the regulator-led restructuring of the lender in March 2020. Yes Bank Share Price: Stock rally 10% as SBI plans to sell 13.19% stake. Yes Bank Stake Sale: State …

bolttech and Sumitomo to launch JV for device protection in Asia 

Singapore-based insurtech company bolttech has teamed up with Japanese trading house Sumitomo Corporation to form a joint venture (JV) for device protection in Asia.    The JV will deliver technology-enabled embedded solutions to distribution partners …

Sumitomo of Japan buys 20% in YES Bank for Rs 13,483 crore five years after lender's rescue

In what could be the largest cross-border investment in the banking sector, Sumitomo Mitsui Banking Corporation (SMBC) of Japan has entered into an agreement to acquire 20 per cent stake in YES Bank through a secondary stake purchase valued at around Rs 13 …

SBI to sell 13.19% YES Bank stake to Sumitomo Mitsui for ₹8,889 cr

SBI had earlier acquired 49% in YES Bank for ₹6,050 crore, which reduced over time due to capital infusions by private equity players.  | Photo Credit: SOMASHEKAR G R N Marking the largest cross-border transaction in India’s banking sector, Japanese lender …

SBI to sell 13 pc stake in Yes Bank to Sumitomo Mitsui Banking Corporation for Rs 8,889 cr: Filing

Mumbai, May 9, 2025 – In a strategic move, the State Bank of India (SBI) has approved the sale of a 13.19% stake in Yes Bank Limited to Sumitomo Mitsui Banking Corporation (SMBC) for a total consideration of approximately ₹8,888.97 crore, according to the …

SBI to sell 13.19% stake in Yes Bank to Sumitomo Mitsui Banking Corporation

State Bank of India (SBI) on Friday announced that it has decided to sell 13.19 per cent stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) worth Rs 8,889 crore at Rs 21.50 per equity share.  In a regulatory filing today, SBI said, “…we advise …

Sumitomo Mitsui Banking to buy 20% stake in YES Bank from SBI, others

Japanese financial services giant Sumitomo Mitsui Banking Corporation (SMBC) has agreed to buy a 20% stake in YES Bank in what would be the largest cross-border transaction in the Indian banking sector.  In a separate filing, SBI said it will sell shares …

bolttech forms JV with Sumitomo on device protection in Asia

They expect the device protection market in the region to outpace global growth. Insurtech firm bolttech has entered a joint venture with Sumitomo Corporation to provide embedded device protection solutions to distribution partners across several Asian …

Japan’s Sumitomo to Acquire 13.19% Stake in Yes Bank Stake Sale From SBI For Rs 8,889 Crore

Following the stake sale, SBI’s stake in Yes Bank will draw down to 10.81%, as compared to the current 24%. SBI had acquired shares of YES Bank at an average of Rs 10 apiece in 2020. This was after the lender led a consortium of banks to rescue YES Bank …

Japan's SMFG posts record annual profit, forecasts better year ahead despite tariff hit

TOKYO :Japan's second-largest banking group Sumitomo Mitsui Financial Group hit a record 1.18 trillion yen ($8.1 billion) profit for the financial year ended March 2025 and sees more growth ahead even accounting for the hit to its business from tariff …

Japan's SMFG posts record annual profit despite Q4 tumble

TOKYO :Japan's second-largest banking group Sumitomo Mitsui Financial Group posted a 75 per cent slump in fourth-quarter net profit but still hit a record 1.18 trillion yen profit for the year on strong demand for loans among Japanese corporations. …

Macquarie’s Eku secures $A300m in funding for battery storage projects

Macquarie backed battery energy storage developer Eku Energy has secured nearly $A300 million in funding to build battery energy storage systems (BESS) in the UK, including the 99MW/198MWh Ocker Hill BESS in the West Midlands. Eku Energy, headquartered …

The Colors of Spring Concert - May 20 @ 8 PM in New York City

The North/South Chamber Orchestra, directed by Max Lifchitz, celebrates spring performing music by composers from Canada, China, and the Americas. NEW YORK, NY, UNITED STATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- The North/South Chamber …

Lei Comerford Honored Nationally by Top Coach Awards as 2025 Top Coach in America

— Lei Comerford, PCC, founder of Lei Comerford Consulting, LLC, has been nationally recognized by Top Coach Awards as one of 2025’s Top Coaches in America. NASHVILLE, TX, UNITED STATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- Lei Comerford, PCC, …

LuggageToShip.com Expands AI TravelTech Platform with PayToMe.co to Redefine Global Shipping and Payments

Backed by Hatcher+ and Startupbootcamp, PayToMe.co powers LuggageToShip.com’s growth with patented mobile payments, embedded finance, and compliance tools. NEW YORK, NY, UNITED STATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- As college moves, family …

Education Above All Foundation Condemns Recent Bombing Of Myanmar School As Grave Violation of International Law

Education Above All Foundation Condemns Recent Bombing Of Myanmar School As Grave Violation of International Law DOHA, QATAR, May 14, 2025 /⁨EINPresswire.com⁩/ -- The Education Above All (EAA) Foundation, a global foundation for education and …

Why Hostinger's IP Leasing Strategy is Setting New Standards in the Hosting Industry

Discover how Hostinger reduced IP infrastructure costs by 70-80% through strategic leasing with an IP address management platform. LONDON, UNITED KINGDOM, May 14, 2025 /⁨EINPresswire.com⁩/ -- Hostinger, a Financial Times FT 1000 company for six …

Wireless Broadband Alliance Services Launches Commercial AFC Service, Enabling Standard Power Wi-Fi in 6 GHz Band ...

FCC-certified cloud-based platform drives spectrum innovation for infrastructure providers, network operators and enterprises in high-performance use cases, while protecting incumbent spectrum operations across the U.S. LONDON, UNITED KINGDOM, May 14, …

Speak Up Africa galvanizes private sector engagement to accelerate malaria-elimination efforts in Africa

The Change the Story campaign and report amplifies the voices of women and girls and mobilizes the African private sector to accelerate malaria elimination. ABIDJAN, IVORY COAST, May 14, 2025 /⁨EINPresswire.com⁩/ -- On the sidelines of the Africa …

ANY.RUN Exposes Tycoon 2FA’s Evolving Evasion Tactics to Beat Defenses in Corporate Phishing Attacks

DUBAI, DUBAI, UNITED ARAB EMIRATES, May 14, 2025 /⁨EINPresswire.com⁩/ -- ANY.RUN, a leading provider of interactive malware analysis and threat intelligence solutions, has released a detailed report on the evolution of Tycoon2FA, a phishing-as-a- …

MetaComp Launches StableX to Redefine Cross-Border FX Payments Powered by Stablecoins

Now on CAMP, StableX powers 24/7 FX for major and exotic currencies—next-gen infrastructure built for the Web2.5 payment era and global payment flows. SINGAPORE, SINGAPORE, SINGAPORE, May 14, 2025 /⁨EINPresswire.com⁩/ -- MetaComp, a Major …

MotusAcademy and European Rehabilitation Robotics School Sign Landmark MOU to Advance Global Rehabilitation Education

The partnership launches monthly webinars, hands-on workshops, and open-access resources (2025–2030) to democratise rehabilitation robotics education worldwide. ROME, ITALY, May 13, 2025 /⁨EINPresswire.com⁩/ -- MotusAcademy and the European …

IntouchCX Global COO Dishant Bhojwani Honored with Grand Stevie® for Innovative Customer Service & Thought Leadership

IntouchCX celebrates 12 Stevie® wins as Chief Operating Officer Dishant Bhojwani earns top individual honors CAIRO, EGYPT, May 14, 2025 /⁨EINPresswire.com⁩/ -- IntouchCX proved once again that great leadership fuels great brands, collecting 12 …

IntouchCX Global COO Dishant Bhojwani Honored with Grand Stevie® for Innovative Customer Service & Thought Leadership

IntouchCX’s leadership and innovation shine with 12 Stevie® Awards, including Grand Stevie® recognition for COO Dishant Bhojwani. MANILA, PHILIPPINES, May 14, 2025 /⁨EINPresswire.com⁩/ -- IntouchCX proved once again that great leadership fuels …

Breaking the Cycle: New Book America’s Greatest Curse Challenges Men to Reverse Generational Trauma

Author Reginald Poydras Shares a Powerful Call to Fathers: Become a Curse Breaker, Not a Curse Perpetuator SAN FRANCISCO, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- In his compelling new book, America’s Greatest Curse: The Absentee …

DRC Ventures Partners with ELYSIAN to Celebrate 10 Years of Women Inspiring Women at Star-Studded Celebration

SPARTANBURG, SC, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- DRC Ventures, in collaboration with ELYSIAN, co-hosted a powerful celebration this past weekend to honor ELYSIAN’s 10th anniversary. Held at the private estate of ELYSIAN Founder, …

AMMWEC President Anila Ali Named As Recipient of IRF Builders Award

WASHINGTON, DC, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- The American Muslim and Multifaith Women’s Empowerment Council (AMMWEC) is proud to announce that our Founder and President, Ms. Anila Ali, has been named as a recipient of this …

United for Impact: UCP Leaders Gather to Strengthen Services and Celebrate Progress

Advocacy and innovation took center stage as United Cerebral Palsy leaders convened to strengthen programs and opportunities for people with disabilities. VIENNA, VA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- United Cerebral Palsy (UCP), …

Raad Ghantous & Associates Rides with Purpose as Sponsor of the Distinguished Gentleman’s Ride – Orange County 2025

Creative entrepreneur Raad Ghantous joins global ride for men’s health as he prepares to debut a lifestyle platform focused on Gen X reinvention HUNTINGTON BEACH, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Raad Ghantous & …

Catalyst Advisors LP Promotes Andrew MacBride Brown to Principal

NEW YORK, NY, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Catalyst Advisors, the leading global boutique executive-recruitment firm specializing in the life-sciences sector, is pleased to announce the promotion of Andrew (AJ) MacBride Brown …

Unlocking Excellence: How Certification Programs & Business Consultancy Drive Real Business Improvement and ISO Success

SYDNEY, AUSTRALIA, May 13, 2025 /⁨EINPresswire.com⁩/ -- In today’s competitive market, organizations are constantly seeking ways to stand out, improve performance, and maintain compliance. Certification programs and business consultancy offer …

Students from 10 Countries Complete United Planet’s Virtual Exchange Program under the Unite All Schools Initiative

Global Connections, Local Impact: United Planet wraps global exchange with students from 10 countries leading civic projects on literacy, climate & equity. BOSTON, MA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Students from 17 …