Travel companies boycott Turkiye & Azerbaijan

NEW DELHI: Turkiye and Azerbaijan, hot favourites of holidaymakers, are fast falling out of favour after the two countries’ steadfast support to Pakistan during Operation Sindoor and travel companies have stopped new bookings.Stating that it has paused all new travel offerings to Azerbaijan, Uzbekistan, and Turkiye, Cox & Kings said it was “aligned with the…

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Japan’s SMBC to buy 20% in Yes Bank

Image used for representative purposes MUMBAI: Five years after a group of Indian lenders led by SBI stepped in to rescue Yes Bank, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) will acquire a 20% stake in the private lender for Rs 13,483 crore, making it the largest shareholder. The deal, India’s biggest cross-border banking investment, marks…

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