Mitsui Sumitomo

SMBC to invest $200 million in Indian startups amid booming IPO market

A fund co-run by the banking arm of Sumitomo Mitsui Financial Group Inc. plans to pour the bulk of the $200 million it has raised into Indian startups

Yes Bank stock up 3% on CCI nod for this deal; check more details inside

Yes Bank's share price was quoting 3.3 per cent higher at ₹20.2 per share against the previous close of ₹19.55 on the NSE

Sumitomo Mitsui to invest ₹16,000 crore more in YES Bank after RBI nod

Sumitomo Mitsui's fresh ₹16,000 crore plan follows its earlier ₹13,500 crore deal for 20% in Yes Bank, with RBI nod for up to 24.99% ownership

YES Bank rises 5% on RBI nod for Sumitomo stake buy; what analysts expect?

YES Bank shares rose 5.4 per cent after RBI approved Japanese bank Sumitomo Mitsui Banking Corporation's acquisition of 24.99 per cent stake; experts see governance boost, operational synergies

Yes Bank stake sale to Sumitomo gets RBI approval for 24.99% acquisition

The RBI has approved Japanese lender Sumitomo Mitsui Banking Corporation to acquire up to 24.99 per cent stake in Yes Bank; the approval is valid for one year and SMBC will not be a promoter

Yes Bank to raise ₹16,000 crore via equity and debt; caps dilution at 10%

Yes Bank's board approves fund-raising plan of ₹16,000 crore and AoA changes as part of its agreement with Sumitomo Mitsui

YES Bank stock up 10% on SMBC deal buzz; time to buy, sell, hold?

Technical chart indicates that the bias at the YES Bank counter is likely to remain tepid as long as the stock trades below this particular resistance zone; here are the key levels to watch out for.

Mahindra & Mahindra in talks to acquire Sumitomo's stake in SML Isuzu

The potential acquisition could mark M&M's strategic entry into the trucks and buses segment, allowing it to expand beyond its current portfolio of passenger and light commercial vehicles

Sumitomo Mitsui Financial Group infuses Rs 3,000 cr into Indian subsidiary

The Rs 3,000 crore equity infusion into SMFG India Credit includes Rs 300 crore investment into its wholly owned subsidiary - SMFG India Home Finance

Sumitomo to invest $710 million to build renewable energy projects in India

Sumitomo to invest JPY 100 billion to build renewable energy projects in India

Chola MS General Insurance clocks GWP of Rs 1,945 cr in June quarter

Cholamandalam MS General Insurance Company Ltd has reported a Gross Written Premium of Rs 1,945 crore for the April-June 2024 quarter, the company said on Sunday. Cholamandalam MS General Insurance Company Ltd is a joint venture between diversified conglomerate Murugappa Group and Tokyo-based Mitsui Sumitomo Insurance Group. The company achieved a GWP of Rs 1,945 crore in Q1 of the current financial year, a growth of 14.3 per cent compared to the industry average of 12.4 per cent. The city-based company, in a release issued today, reported a profit before tax (PBT) of Rs 179 crore, compared to Rs 89 crore recorded in the same period last year. During the quarter under review, Chola MS settled 1.3 lakh claims through its network. The company said it has made investments in Data Analytics and Artificial Intelligence for claims made in the motor insurance sector through its SAHAI mobile application in an attempt at enhancing its operations. Commenting on the financial performance, .

SMFG invests Rs 1,300 crore in its Indian unit to fuel NBFC growth

First fresh direct equity investment after 100% acquisition

Japan's Sumitomo Mitsui Financial invests Rs 1,300 cr in SMFG India Credit

SMICC has separately invested Rs 150 cr in a subsidiary to expand its affordable housing finance solutions

Japan's SMBC lends $120 mn to Air India to buy A350-900 aircraft

Aircraft secured debt facility struck in GIFT City, says lender

Adani Group gets financial support from three Japanese banks: Report

Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

JSW One Platforms raises Rs 205 cr in funding from Japan's Mitsui

E-commerce venture of US Group will use the financing to expand business and improve technology

Fullerton acquisition deal: Sumitomo Mitsui Group faces $670-mn tax bill

The South Asian govt's tax department has asked the bank to pay the amount on behalf of seller Fullerton Financial Holdings Pte, arguing that it should have withheld the sum during the acquisition

Adani Green announces raising JPY denominated facility to refinance debt

Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation

Max Financial Services gets Irdai nod to acquire residual stake in Max Life

This transaction is expected to be completed in the next fortnight, the company said in a statement on Monday

DMI Finance raises $47 mn in equity investment from Sumitomo Mitsui, others

DMI Finance, lender since 2009, is the non-banking financial company of the DMI Group