BENGALURU/MUMBAI: Top Japanese conglomerates and investment firms are ploughing money into India, putting unsavory episodes of the past behind them. While Japan's SoftBank has been investing in Indian startups for years, the biggest bets from some of the recent entrants are in financial services and new-age companies, multiple investment bankers said.
Leading companies such as Yes Bank, Avendus Capital Financial Services and HDB Financial Services have attracted bids from large Japanese banks.
Earlier this year, Mitsubishi UFJ Financial Group (MUFG), Japan's largest financial firm, approached HDFC Bank for a $2 billion stake in its subsidiary HDB Financial Services. While a Mint report on September 4 said the HDFC Bank board has decided to skip the deal, Moneycontrol reported on Monday that talks have resumed. Meanwhile, MUFG topped up its $400 million investment in digital lender DMI Finance by another $334 million in August, and led a $47 million round in wealth management firm Neo Group.
Denne historien er fra December 17, 2024-utgaven av Hindustan Times Navi Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 17, 2024-utgaven av Hindustan Times Navi Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How the challenge of batting in Oz changed
KOOKABURRA RELEASED A REDESIGNED BALL FOR TESTS IN 2021 THAT WAS SUPPOSED TO MAKE THE GAME MORE EXCITING, BUT IT HAS ONLY MADE BATTING MORE DIFFICULT
Grit in the tail frustrates the hosts, India avoid follow-on
Like in 2021, there was defiance in the damp air of Gabba as Deep and Bumrah steer India towards a likely draw on Day 4
Jhulan Goswami stand: Another historic moment at Eden Gardens
KOLKATA: At 6.58pm on a misty winter evening near the Eden Gardens change rooms, Jhulan Goswami took the stage. And said she was speechless.
DEVESH HITS 64 TO LEAD MODERN ENGLISH'S CHASE IN HARRIS FINAL
MUMBAI: Modern English School have put themselves in a good position after scoring 263/8 at stumps on Day 2 of the Harris Shield final against Anjuman I-Islam Allana School, at the Brabourne Stadium.
Prithvi Shaw now axed from Vijay Hazare squad
In a forgettable season, Prithvi Shaw received another jolt when the Mumbai selectors ignored his superb record in List A cricket by dropping him from the squad for the upcoming 50-over Vijay Hazare Trophy tournament.
Pidilite, two others vie for Dulux maker
MUMBAI: The race for Akzo Nobel India Ltd has narrowed to Pidilite Industries Ltd, JSW Paints Pvt. Ltd and Indigo Paints Ltd, two people close to the development said, with a deal likely to value the maker of Dulux paints at $2.1-2.5 billion.
Hayley shines, WI level series with big victory
The visiting skipper hit a 47-ball 85* after taking 2 wickets to help the Caribbean women level the 3-match T20 series
Market in oversold zone on FPI selling
Fall risk Apart from cash selling, Flls increased bearish bets on index futures by a whopping 16,060 contracts on Tuesday.
RBI's new leadership to retain anti-crypto stance, officials say
The change of guard at the Reserve Bank of India (RBI) is unlikely to change the central bank's position on private cryptocurrencies, two officials said.
CHINA EXECUTES OFFICIAL INVOLVED IN BIGGEST CASE OF GRAFT WORTH $421 MILLION
BEIJING: China, on Tuesday, executed Li Jianping, a former official in the north Inner Mongolia Autonomous Region, who was convicted in the largest-ever corruption case in the country totaling over $421 million.
