UBS

Tata Consumer Products (TCPL) has ceased negotiations with Bisleri for a potential acquisition, causing a 2% dip in shares. TCPL evaluates strategic growth opportunities ongoing.

Credit Suisse stock has experienced a severe crash after refusing Adani bonds and identifying "material weaknesses" in financial reporting, leading to a government-brokered rescue deal with UBS Group.

Read the latest news on U.S. stocks, banking-sector stability, economy, consumer sentiment, Credit Suisse, UBS, and Federal Reserve meeting.

US stocks rebounded on Tuesday following the release of inflation data and a bounce in regional banks. Moody's downgraded the US banking sector outlook, while oil prices and China's industrial output also made an impact. Meanwhile, the Nifty index fell again due to the ongoing banking crisis in the US.

YES Bank's stock price plummeted 13% as the lock-in period under RBI's Reconstruction Scheme 2020 ended, resulting in the release of shares. SBI's stake in the bank reduced to around 26%. Despite gradual improvements in asset quality, the bank faces risks, including AT-1 bonds write-down, according to analysts.

Read about the current weakness in domestic equities in India and its expected continuation, along with key developments in corporate, global, and macroeconomic spheres for the upcoming week.