SMFG India Credit receives ₹3,000 crore from parent
Financial Express Mumbai|December 27, 2024
JAPANESE MAJOR SUMITOMO Mitsui Financial Group announced on Thursday that it has infused ₹3,000 crore into its Indian NBFC subsidiary, SMFG India Credit Company, via rights issue.
RAGHAV AGGARWAL

Of the total, Rs 300 crore has been directed towards its housing finance subsidiary, SMFG India Home Finance Company.

With another capital infusion round worth Rs 1,400 crore in April, SMFG India Credit Company (SMICC) has received ₹4,300 crore from its Japanese parent so far in 2024-25 – the highest infusion in a year since the company began its India operations in 2007.

Diese Geschichte stammt aus der December 27, 2024-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der December 27, 2024-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS MUMBAIAlle anzeigen
Financial Express Mumbai

Retrospective on first year back

THERE'S NO SHORTAGE OF DOWNSIDE RISKS FOR 2025, BUT DON'T EXPECT SUPPORTERS TO TURN ON HIM

time-read
4 Minuten  |
January 18, 2025
Surjewala accuses BJP govt of using ED to protect Amit Shah
Financial Express Mumbai

Surjewala accuses BJP govt of using ED to protect Amit Shah

CONGRESS GENERAL SECRETARY and Karnataka in-charge Randeep Singh Surjewala on Friday termed the ED release on MUDA site allotment scam as the BJP government's diversion tactics to protect Union home minister Amit Shah.

time-read
1 min  |
January 18, 2025
Awestruck and awesome
Financial Express Mumbai

Awestruck and awesome

THULASIMATHI MURUGESAN'S PARENTS wanted to raise their hands over their heads to clap when she received the Arjuna award from the President of India at the Rashtrapati Bhavan on Friday.

time-read
3 Minuten  |
January 18, 2025
Financial Express Mumbai

Indian companies ready to take on Tesla: Jindal

DOMESTIC ELECTRIC VEHICLE (EV) manufacturers are well-prepared to compete with global players such as Tesla, Sajjan Jindal, chairman and managing director of JSW Group, said on Friday.

time-read
1 min  |
January 18, 2025
Financial Express Mumbai

Kejriwal opposes ED's request to adjourn plea against his bail

Former Delhi Chief Minister and AAP convener Arvind Kejriwal on Friday \"vehemently\" opposed in the high court the ED's request to adjourn its plea on cancelling his bail in the Delhi excise policy case.

time-read
1 min  |
January 18, 2025
Review portfolio at every major life event
Financial Express Mumbai

Review portfolio at every major life event

Your investment style should evolve as your circumstances change

time-read
1 min  |
January 18, 2025
Rupee depreciation hurting pharma sector as input costs rise
Financial Express Mumbai

Rupee depreciation hurting pharma sector as input costs rise

THE DEPRECIATING RUPEE is taking a toll on the pharma sector with an expected rise in the cost of imported raw materials.

time-read
1 min  |
January 18, 2025
BMW Launches India-made EV
Financial Express Mumbai

BMW Launches India-made EV

INDIA'S SECOND-LARGEST LUXURY carmaker BMW launched the made-in-India X1 Long Wheelbase at the Auto Expo on Friday.

time-read
1 min  |
January 18, 2025
Foreign flows into India bonds to fall short on rupee slump, US yields surge
Financial Express Mumbai

Foreign flows into India bonds to fall short on rupee slump, US yields surge

FOREIGN INFLOWS THAT were expected into Indian government bonds over the next two-and-a-half months will fall short of expectations, stymied by a currency that is repeatedly hitting lifetime lows and Treasury yields that are hovering at multi-month highs, investors said.

time-read
1 min  |
January 18, 2025
Closely monitoring prices, says govt
Financial Express Mumbai

Closely monitoring prices, says govt

Inflation in negative zone since July last year

time-read
2 Minuten  |
January 18, 2025