Japanese Bank MUFG to Buy 20% Stake worth $2 Billion in HDB Financial Services, HDFC Bank’s NBFC Arm.
Bloomberg’s Report on Mitsubishi UFJ Financial Group Inc (MUFG) investing $2 billion in HDB Financial Services Ltd has emerged. As per the reports by Moneycontrol, this investment will value HDB at an impressive $10 billion. MUFC is the world’s second-largest bank holding company. HDB is a non-banking lender and subsidiary of HDFC Bank Ltd in […]
What Made Tata Capital Raise $200Million Foriegn Loan?
Tata Capital Ltd has raised a $200 million three-year loan from Taiwan’s CTBC Bank and Singapore’s DBS Bank. The company wants to diversify its liabilities and is looking to raise up to $750 million through overseas loans, bonds, and other debt instruments in FY25. Tata Capital’s expansion efforts Earlier, Tata Capital could answer 75 percent […]
HDB Finance To Raise Rs 2500 crore Debt. Growth Plans Brewing.
The aftermath of the COVID-19 pandemic on the quality of assets rally affected HDBFS. However, since then, the company has improved its risk profile and health to support sustained growth in loan books. To grow further, it has decided to raise 2,500 crores in debt. About HDB Financial Services: Is HDBFS a bank or NBFC? […]
How Tata Capital’s Big Bet Digital First Paid Dividends
Tata Capital has led the way in digitizing NBFCs and bagged the title of Best NBFC in the Innovation category in the BT-KPMG Best Banks and NBFCs Survey 2022-23. The state of digital credit in India Digital credit in India is experiencing phenomenal growth, fundamentally reshaping how people access financial services. While digital credit remains […]
boAt promotes Vivek Gambhir as Chairman; co-founder Sameer Mehta named as CEO
On 14th March 2024, boAt announced the promotion of CEO Vivek Gambhir to the position of Chairman in the company. The Co-founder, Sameer Mehta will be taking the role of CEO in place of Vivek Gambhir. In his new role, Vivek Gambhir will guide the company’s leadership team on strategy, organization development, and future growth. […]
Swiggy Customer Care Blames ‘Weekend Peak Hour’ For Delayed Food Delivery
“As it is a weekend peak hour, the restaurant is facing heavy demand,” Customer service from Swiggy responded in writing concerning a delivery delay. The consumer vented his displeasure on social media when customer care claimed that it was the “weekend” busy hour. Ironically, the chat took place on a Tuesday at approximately 5 p.m. […]
Waaree Energies Raised Rs 1,000 Crore From Private Funding- Possible Business Expansion Plans of the Company
Waaree Energies is again in the news, raising 1,000 crore through private funding by ValueQuest in the second round.
Polymatech Files Draft Papers With SEBI To Raise Rs 750 Crore Via Its IPO
Polymatech Electronics files DRHP with SEBI to raise Rs. 750 crore through its IPO. Learn about the company’s IPO here.
SBI General Insurance’s Net Profit Surged By 40% In FY23- What Does It Convey About The Company’s Growth?
SBI General Insurance, a joint venture between the State Bank of India and Insurance Australia Group, recorded a net profit of Rs 184 crore in FY23.
Tata Capital Limited Might Get Listed On The Stock Exchange In 2025- Possible Reasons Behind It
Tata Capital, a subsidiary of Tata Sons Private Ltd, might bring its IPO in 2025 to support its goal of restructuring operations.
