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 […]
Tata Tech And BMW Entered a Joint Venture To Develop Auto Software.
BMW Group and Tata Technologies agreed on signing an agreement to form a joint venture (JV). The purpose of JV is to develop auto-software in India. The two companies will hold a 50% stake each. The companies will have an equal say in how the JV operates. There will also be mutual participation in the […]
This is why Tata Capital Sold its Travel & Foreign Subsidiaries to Thomas Cook.
Tata Capital sold its 2 subsidiaries, Tata Capital Forex Limited (foreign exchange) and TC Travel and Services Limited (travel services), to Thomas Cook India in 2017. Thomas Cook purchased these subsidiaries to strengthen its market share in travel services, a provider of foreign exchange services in India. About the deal In 2017, Thomas Cook faced […]
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 […]
Capgemini And Mistral AI Collaborates To Drive Generative AI
On February 8th, 2024, Capgemini, a global tech titan, sent ripples through the industry by partnering with Mistral AI, a young French company specializing in cutting-edge generative AI. This alliance has the potential to be a game-changer, especially for investors. Capgemini’s CEO, Fernando Alvarez, said this partnership is about “spearheading the AI revolution.” He emphasized […]
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? […]
boAt Launches Smartwatch With Build In Maps With Turn By Turn Navigation.
In the past several years, Pebble, Apple, Huawei, and numerous other businesses have invested millions of dollars in smartwatch technology. The smartwatch is arguably the most recognizable product in the wearables market today. It is a device that has practically come to represent wearable technology and is a promising tech but, with plenty of space […]
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 […]
NSE Revised Lot Size of Nifty Contracts, What all will change?
The National Stock Exchange(NSE) has made a significant decision to reduce its lot size in derivative contracts across its key indices like Nifty 50, Nifty Financial Services, and Nifty Midcap Select indices. What has changed now? Indices Old Lot Size New Lot Size Nifty50 50 Contracts 25 Contracts Nifty Financial Services 40 Contracts 25 Contracts […]
NSE plans to launch IPO, waits for SEBI Approval
The National Stock Exchange is waiting for SEBI to give a green flag for its Initial Public Offer.NSE’s CEO Ashish Kumar Chauhan stated on 4th April while addressing a journalist query in Mumbai. The stock exchange and the security regulator have been in disagreement which led to this delay in IPO launch. What is the […]
