Business
Yes Bank Rises 2% After CCI Nod For Sumitomo Mitsui’s 25% Stake Buy

Last Updated:
Yes Bank shares rose after the CCI approved Sumitomo Mitsui Banking Corporation’s plan to acquire up to a 25% stake in the lender.

Yes Bank SMBC Deal
Yes Bank Shares Rise: Shares of Yes Bank gained 2 per cent to Rs 20 on September 3 after the Competition Commission of India (CCI) approved Japan’s Sumitomo Mitsui Banking Corporation’s (SMBC) plan to acquire up to 24.99 percent in the private sector lender.
In its release, the CCI confirmed that the deal “relates to the acquisition of share capital and voting rights of Yes Bank by Sumitomo Mitsui Banking Corporation.” SMBC, a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), is Japan’s second-largest banking group with total assets of around $2 trillion as of December 2024 and a significant global footprint.
This clearance follows the Reserve Bank of India’s (RBI) approval last month for SMBC’s proposal to pick up nearly a quarter of Yes Bank’s equity. The transaction originates from Yes Bank’s May 9, 2025, announcement that SMBC would acquire a 20 per cent stake via a secondary purchase. The deal involves buying 13.19 percent from the State Bank of India (SBI) and 6.81 per cent collectively from seven other lenders, including Axis Bank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank, and IDFC First Bank.
Once completed, the transaction will make SMBC the single-largest shareholder in Yes Bank, marking a significant milestone in the bank’s turnaround journey following its restructuring in recent years. Market participants see the entry of a global player like SMBC as a boost to Yes Bank’s capital strength and credibility.
In a separate development, the RBI has cleared the reappointment of Rama Subramaniam Gandhi as part-time Chairman of Yes Bank. Gandhi, a veteran central banker with 37 years of experience, previously served as RBI Deputy Governor between 2014 and 2017. His new tenure will run from September 20, 2025, to May 13, 2027.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
Read More
Business
Muhurat trading top stocks to buy today: Stock market recommendations for October 21, 2025 – check list – The Times of India

Stock market recommendations on Muhurat trading day 2025: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today on October 21, 2025 Muhurat trading are Manappuram Finance, and GMR Airport:Manappuram Finance – Buy in the range between Rs 287 & Rs 288; Stop Loss: Rs 274; Target: Rs 318Manappuram Finance has been forming a symmetrical Triangle pattern above 20&40 daily moving average and the stock is expected to resume the uptrend. Momentum indicators have also given a positive crossover below the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 286, resuming the uptrend. Key resistance is 292 & 296 and support is at 283 and 275.GMR Airport – Buy in the range between Rs 91 & Rs 92; Stop Loss: Rs 88; Target: Rs 98GMR Airport has been consolidating in a range above 20 and 40 daily moving average and the stock is expected to resume the uptrend. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e. 90, resuming the uptrend. Key resistance is at 94 and support is at 90 and 89.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Business
Trade talks about ‘hard yards’ rather than photo opportunities, says Starmer

Whisky negotiations with the US are about “the hard yards” rather than “one-off photo opportunities”, the Prime Minister has said in a rebuke to First Minister John Swinney.
Mr Swinney has made securing a deal to cut whisky tariffs with the US a key part of his premiership in recent months, meeting President Donald Trump on a number of occasions this year in the hopes of reducing the levies.
The First Minister’s involvement in the talks comes despite international trade being a reserved issue, with the UK Government in the lead.
Speaking to a group of Scottish journalists in Downing Street on Monday, Prime Minister Sir Keir Starmer said: “Negotiations and getting the trade deals you want… is about the hard yards of negotiation and that’s what we’ve been up to.
“That’s what we’ve delivered in relation to the India deal and, as you can imagine, we’re continuing those negotiations and hard yards with the US, in particular in relation to whisky.”
He added: “The hard yards is what matters, creating relationships, having the conversations, and these things take time.
“They’re not a one-off photo opportunity.”
Both the Scottish and UK governments are “trying to achieve the same thing” on whisky, the Prime Minister said.
“In the end, I went to Scotland two or three days after the election to say I want to deliver for Scotland above all else and therefore, that’s why we continue these negotiations and discussions with the US and we will continue to do so.”
The First Minister has met with President Trump twice during a visit to his golf courses in the summer, at the State Visit in September and in a private audience at the White House in Washington DC, each time raising the plight of the industry, which claims to be losing £4 million per week due to the US-imposed tariffs.
Speaking to the PA news agency earlier this month, the First Minister said he would like to be involved in the trade talks between the two sides.
“I’ve not been privy to the trade talks,” he said ahead of the SNP’s conference in Aberdeen.
“I would like to be, because I think I’ve actually been quite helpful in all of this.
“It’s clear to me earlier on this year that whisky was not really featuring in the trade talks at all, it was not there as a principal negotiating priority for the UK Government.
“Well, I had to make sure it was, because it really matters to Scotland.”
A spokeswoman for the Scottish Government said: “The First Minister is focussed on securing a zero tariff deal for Scotch whisky, and has raised this matter on a number of occasions with key decision makers, including the President of the United States.
“Further trade negotiations are for the UK Government to take forward.”
Business
What’s the best way to detect and destroy drones?

Adrienne MurrayTechnology reporter

In the northern Danish city of Aalborg, the firm MyDefence makes equipment that jams and repels drones.
“We’ve had a big surge of interest,” says chief executive, Dan Hermansen.
He says that up until early October his company was mainly dealing with defence firms, but now it has “completely shifted”.
The small, box-like kit made by MyDefence is mostly used by the military of Nato countries and Ukraine.
However lately demand has grown from civilian customers.
“It’s coming from critical infrastructure,” he adds, “from big companies, looking to protect their own assets”.
The device detects communication between the drone and its pilot, then breaks that connection, explains Mr Hermansen, by emitting a powerful radio signal on the same frequency.
Rather than falling out of the sky, the drone is pushed away and has a controlled landing. If it tries to reconnect to a GPS signal, that can be blocked too, he adds.
Mr Hermansen reckons that radio frequency jamming works against 80 to 90% of the drones that are flown.

While forcing an unwanted drone to crash land is a good result, it’s essential to be able to detect it first.
“The first part is really about identification. And the second part is an interceptor system,” explains Kasper Hallenborg, director of The Maersk Mc-Kinney Moller Institute at University of Southern Denmark.
Identifying a drone is not so easy, points out Andreas Graae, the head of research at the Institute of Military Technology at the Danish Defence Academy.
“[Drones] can be very small or really big, and are often produced from materials like plastic or fabrics that are very hard to detect on a traditional radar,” he says.
A suite of technologies are under constant development, to help find drones.
That includes acoustic sensors that listen for the drone’s buzzing; advanced optical cameras, with very high resolution; and increasingly sophisticated tactical radars, which work over longer ranges and can even differentiate between a drone or a bird.
Once detected, a drone needs to be disabled. Electronic jamming, similar to that used by MyDefence has leapt forward, thanks in large part to the war in Ukraine.
“[Ukraine’s] frontlines are totally jammed,” Mr Graae says, which means that drone controllers lose control of their machines.
So, Russia and Urkaine have adapted by using drones controlled by fibre optic cables, or using drones that can navigate autonomously, or fly along pre-programmed routes.
Such drones need to be intercepted or shot down and plenty of firms are working on novel ways to do that.
Among them is Swedish start-up, Nordic Air Defence. It is developing a low-cost interceptor designed to strike the targeted drone, forcing it to crash.
“It’s missile shaped, so travels incredibly fast,” he adds. “It’s incredibly easy to manufacture. It is basically 3D printed,” says Jens Holzapfel, the company’s business director.

Cost is a criticial factor in countering drones.
Last month, Nato Secretary-General Mark Rutte said: “It’s unacceptable to shoot down drones costing one or two thousand dollars with missiles that may cost half a million or even a million dollars.”
That’s been a big lesson from Ukraine, says Mr Graae. “It’s become a competition of how cheap you can actually make a drone attack, and how expensive it is to defend against.”
“As hostile drones become cheaper, it puts pressure on the defender to manufacture low cost products,” agrees Mr Holzapfel.
Low-cost drones are increasingly a security issue away from the frontlines of Ukraine.
Poland and Romania had their airspace breached by Russian drones; while separate drone incidents were reported, in Norway, Sweden, Lithuania, Romania and most recently at Germany’s Munich airport.
In Denmark tensions have also run high after a string of mysterious sightings at airports and military installations around the country.
That spurred the defence ministry to deploy “several capacities” that can detect, track and jam drones; and last week Sweden announced plans to invest more than $365m (£275m) in anti-drone systems, including measures to jam and shoot them down, as well as the deployment of hunter drones.
Mr Holzapfel at Nordic Air Defence currently works with Sweden and its European allies. As well as the military, clients are from law enforcement agencies and security companies.
But he also sees civilian sectors like shipping and the oil and offshore industries as potential markets.

In a civilian setting. simply shooting down a drone might be too risky.
“It could be rather dangerous,” says Kasper Hallenborg, pointing to the falling parts and potentially flammable fuel.
“We saw the impact in Poland,” he continues. “That was just drone fragments, which more or less removed the roof of a house.”
Early detection would help, says Mr Hallenborg: “Then you can probably take it down somewhere it’s more safe to do so.”
At short ranges, shooting out nets to tangle up the drone is another method and cheap lasers are also being developed.
There are also safer, so-called soft-kill options, including hacking. “That’s a more secure way to neutralize the drone, because then you can actually control the landing,” says Mr Graae.
Crucially, a traffic management system is urgently needed, suggests Mr Hallenborg, involving electronic license plates for each drone device and way for users to register the flight in advance.
“Then we can quickly identify which drones are allowed to be there and those that aren’t,” says Mr Hallenborg.
“The [Danish] police have been overloaded with people telling them about what they’ve seen in the sky. A lot of these drones are probably there with a [legitimate] purpose,” he says.
-
Tech1 week ago
Australian airline Qantas says millions of customers’ data leaked online
-
Tech1 week ago
UK police to upgrade illicit asset recovery system | Computer Weekly
-
Tech6 days ago
What Is Google One, and Should You Subscribe?
-
Tech4 days ago
Why the F5 Hack Created an ‘Imminent Threat’ for Thousands of Networks
-
Entertainment1 week ago
Victoria Beckham thinks Brooklyn Beckham is fed up with Nicola Peltz drama?
-
Business1 week ago
Environment minister Bhupender Yadav heads to Brazil: India engages in pre-talks ahead of COP30; climate finance and adaptation on agenda – The Times of India
-
Tech1 week ago
A New Algorithm Makes It Faster to Find the Shortest Paths
-
Sports1 week ago
USMNT’s second half vs. Ecuador gives positives for Pochettino