Mitsui Sumitomo

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

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, .

First fresh direct equity investment after 100% acquisition

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

Aircraft secured debt facility struck in GIFT City, says lender

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

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

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

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

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

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

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

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)

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

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

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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.

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

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

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