Business Standard

Mitsui Sumitomo

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

Sumitomo to invest $710 million to build renewable energy projects in India
Updated On : 13 Sep 2024 | 11:06 PM IST

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, .

Chola MS General Insurance clocks GWP of Rs 1,945 cr in June quarter
Updated On : 28 Jul 2024 | 8:11 PM IST

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

First fresh direct equity investment after 100% acquisition

SMFG invests Rs 1,300 crore in its Indian unit to fuel NBFC growth
Updated On : 07 May 2024 | 7:14 PM IST

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 Sumitomo Mitsui Financial invests Rs 1,300 cr in SMFG India Credit
Updated On : 07 May 2024 | 6:20 PM IST

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

Aircraft secured debt facility struck in GIFT City, says lender

Japan's SMBC lends $120 mn to Air India to buy A350-900 aircraft
Updated On : 20 Dec 2023 | 10:30 PM IST

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

Adani Group gets financial support from three Japanese banks: Report
Updated On : 08 May 2023 | 6:59 PM IST

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

JSW One Platforms raises Rs 205 cr in funding from Japan's Mitsui
Updated On : 12 Apr 2023 | 3:39 PM IST

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

Fullerton acquisition deal: Sumitomo Mitsui Group faces $670-mn tax bill
Updated On : 08 Dec 2022 | 12:02 AM IST

Adani Green announces raising JPY denominated facility to refinance debt

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

Adani Green announces raising JPY denominated facility to refinance debt
Updated On : 02 Dec 2022 | 12:02 AM IST

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

Max Financial Services gets Irdai nod to acquire residual stake in Max Life
Updated On : 28 Nov 2022 | 10:54 PM IST

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

DMI Finance raises $47 mn in equity investment from Sumitomo Mitsui, others
Updated On : 11 Jan 2022 | 1:26 PM IST

Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India

Fullerton India's management team will continue to operate under the leadership of current Managing Director and Chief Executive Shantanu Mitra, the company said

Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India
Updated On : 02 Dec 2021 | 12:06 AM IST

REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation

The proceeds from this facility shall be utilised to fund power sector projects as permitted under the external commercial borrowing (ECB) guidelines of the Reserve Bank of India (RBI)

REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation
Updated On : 21 Oct 2021 | 12:56 AM IST

Fullerton India's acquisition value accretive for Sumitomo: Moody's

The substantial goodwill that the deal will generate will result in SMFG's Common Equity Tier-1 ratio declining by only around 22 basis points in fiscal 2021

Fullerton India's acquisition value accretive for Sumitomo: Moody's
Updated On : 07 Jul 2021 | 1:33 PM IST

Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 bn

SMFG has plans to eventually acquire 100 per cent stake in FICC, which is a wholly-owned subsidiary of Fullerton Financial Holdings (FFH)

Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 bn
Updated On : 07 Jul 2021 | 12:31 AM IST
Updated On : 31 May 2021 | 2:01 PM IST

Mitsui aims to accelerate business in healthcare and nutrition segments

TOKYO (Reuters) - Japanese trading house Mitsui & Co Ltd aims to accelerate its business expansion in healthcare and nutrition, using Malaysian hospital group IHH Healthcare Bhd and other assets, its chief executive officer (CEO) said on Friday.

Mitsui aims to accelerate business in healthcare and nutrition segments
Updated On : 07 May 2021 | 11:08 AM IST

Japan's MUFG, Sumitomo face climate votes at AGMs as activism grows

Mitsubishi UFJ Financial Group, Japan' biggest bank, and Sumitomo Corp, one of the country's largest trading houses, are being targeted with climate resolutions from activist shareholders at their AGM

Japan's MUFG, Sumitomo face climate votes at AGMs as activism grows
Updated On : 29 Mar 2021 | 6:55 AM IST

Canada pension board, Mitsui deals still on for commercial properties: RMZ

According to Raj Menda, chairman of RMZ, the deal would be higher than what was originally planned and involves more cities than just Chennai and Bengaluru

Canada pension board, Mitsui deals still on for commercial properties: RMZ
Updated On : 13 Dec 2020 | 10:58 PM IST

Max Financial gets Irdai nod for share swap agreement with Mitsui Sumitomo

Irdai's approval takes Max Financial Services one step closer to the consummation of its deal with private lender Axis Bank

Max Financial gets Irdai nod for share swap agreement with Mitsui Sumitomo
Updated On : 28 Nov 2020 | 2:58 PM IST