MAM
Media stocks gain despite war fears
MUMBAI: Notwithstanding war fears, media stocks rose on the premier stock exchanges of the country. The Bombay Stock Exchange BSE Sensex ended at 3,218.73 (19.58 points higher) during the special trading session on Saturday. The National Stock Exchange Nifty rose to 1,037.15 ( up 6.60 points ).
Zee Telefilms opened the day at Rs 73.55 and rose to Rs 74.35 (up 1.09 per cent) and a total of 561,582 shares were traded on the BSE. On the NSE, the stock rose by 1.16 per cent to finish the day with Rs 74.40. The volume of shares traded was 782,897. In the last month, the stock has dropped from Rs 84 mark to settle around the existing level.
Padmalaya Telefilms has also recovered to rise 6.53 per cent to Rs 66.85 on the BSE and 57,035 shares were traded. On the NSE, it rose by 7.15 per cent to finish the day Rs 67.40. However, etc Networks fell by 2.68 per cent to end the day at Rs 38.10.
Balaji Telefilms opened the day at Rs 61.55 and rose to Rs 63.75 (up 3.57 per cent) and a total of 11,503 shares were traded on the BSE. On the NSE, the stock rose by 4.32 per cent to finish the day with Rs 64.05. The volume of shares traded was higher at 51,563 . In the last month, the stock has dropped from Rs 72 mark to settle around the existing level.
Cinevistaas rose by 1.10 per cent to end the day at Rs 23. Creative Eye rose 1.98 per cent to Rs 10.30. Tech stocks showed an upward trend and several ones included ones such as Hinduja TMT (up 5.67 per cent to Rs 182.70).
Stock analysts observed that the market which has been seeing a steady decline rose on expectations of a quick end to the US-Iraq conflict. However, the special trading session had no connection to the war. It was a forced one as NSE tested a back-up for its trading system and the BSE also followed suit to provide an equal opportunity to its members.
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
