Yes Bank’s plan to bring Carlyle and Advent on board as equity investors for about $1 billion has gathered pace, following the proposed sale of the lender’s stressed assets to JC Flowers Asset Reconstruction Company and the constitution of a new board, said people in the know.

The NDA’s decision to field a tribal woman as its presidential candidate appears to have paid dividends, with as many as 17 opposition MPs and 126 MLAs cross-voting for Droupadi Murmu, who defeated the opposition candidate Yashwant Sinha late Thursday evening to be elected the 15th President of India.

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

How macro headwinds, volatile markets, and waning WFH push cash segment trading volumes to a corner

Stock Radar: Jubilant Foods eyes breakout above ‘inverted head & shoulder’ pattern; what should investors do?

Is the buzz around ‘hot’ sectors and billion-dollar valuations missing the big picture of ed-tech?

In Case you missed it

Choose your reason below and click on the Report button. This will alert our moderators to take action

Your Reason has been Reported to the admin.

Stories you might be interested in