BSE:YESBANK 4 February 2026

RBI gives Yes Bank’s CEO pick the green light: Vinay Tonse set for top job

India’s central bank has approved Vinay Muralidhar Tonse as Yes Bank’s new managing director and CEO for a three-year term, pending shareholder approval. Tonse will succeed Prashant Kumar after his term ends April 6. Tonse previously led retail operations at State Bank of India. The appointment follows Sumitomo Mitsui’s 24% stake purchase in Yes Bank last year.

4 February 2026

BSE:YESBANK·NSE:YESBANK

Sugar Prices Rise as Crude Oil Strength Boosts Ethanol Demand
March 18, 2026, 12:10 AM EDT. Sugar prices climbed Thursday, with July New York world sugar rising 2.16% and August London white sugar up 1.96%, driven by a 3% rally in WTI crude oil. Higher crude boosts ethanol's competitiveness, encouraging mills to shift cane crushing from sugar to ethanol, tightening sugar supply. Meanwhile, abundant global production forecasts weigh on prices. Brazil's sugar output is expected to grow 4% to 45.875 million metric tons (MMT) in 2025/26, while India's crop is forecast to jump 26% to 35 MMT, due to strong monsoon rains. Analysts foresee a global sugar surplus in 2025/26, contrasting with a current deficit. India's eased export restrictions may add pressure. Despite short-term price gains linked to oil, surplus production and export policies present bearish headwinds for sugar.