Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
This low-profile group has a knack for spotting people with an entrepreneurial streak and backing them profitably.
A development finance company based in Netherlands, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden on Tuesday acquired 3.95 per cent equity in two principal truck-financing companies of the Shriram Group for around Rs 12 crore (Rs 12
The Chennai-based Shriram Group is likely to take over the cash-strapped front-end retail company of Vishal Retail Ltd, after leading private equity investor Texas Pacific Group takes charge of its wholesale division. This will be subject to approval from all stakeholders and regulators.
Investors with a 6 to 12 month horizon may consider them. They should align their holding period with the fund's maturity profile and prefer schemes with a lower expense ratio.
'It will support our growth aspirations. It's very positive as it helps expand the market in a segment that really needs it.'
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval to ensure that any overlap in business has proper rationale and justification.
Leasing of retail space in shopping malls and high streets across India's top eight cities is estimated to rise 15 per cent to nearly 9 million sq ft this year on increased supply amid high demand from retailers, according to Cushman & Wakefield. The leasing of retail spaces stood at 7.8 million sq ft in 2024.
Shriram Finance's (SHFL's) profit after tax (PAT) rose 10 per cent year-on-year (Y-o-Y) to Rs 2,140 crore in the fourth quarter of the financial year 2024-25 (Q4FY25).
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Shriram Group and US-based TPG Capital, the global buyout arm of the leading global private equity investment firm, announced a definitive agreement in which TPG will invest up to $120 million (Rs 530 crore) to acquire a stake of up to 49 per cent in Shriram Retail Holdings Private Limited, the holding company of Shriram City Union Finance Limited.
Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali
Shriram Life Insurance has secured licence from insurance regulator IRDA for starting operations in the country.
New investors should avoid short-term, tactical entries and instead go for staggered buying via ETFs to manage volatility.
'This marks a turning point for Paytm, with the regulatory environment looking much clearer than it has been in the last two years.'
Karnataka Chief Minister Siddaramaiah condemned the alleged poisoning of drinking water at a government school in Belagavi district, reportedly to force the transfer of a Muslim headmaster. He termed it a 'heinous act' driven by religious hatred and fundamentalism.
Shriram Group of Companies, the major partner in the joint venture company New Horizons India Ltd, may sell up to 20 per cent of its 80 per cent stake to institutional investors in the next six months.
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There have been multiple instances of the same entity appearing as both a public shareholder as well as under the promoter classification in some listed companies. And this dual-classification happened in the same quarter, according to data compiled by primedatabase.com.
Beleaguered discount chain Vishal Retail on Monday said it would sell its retail trading business to Chennai-based Shriram Group, and the wholesale division to the private equity firm TPG, for a combined value of Rs 100 crore (Rs 1 billion).
'Earlier, our cost of funds was higher than most in the peer group.'
'I am very happy to see that the work is starting to bear some fruit now.'
Even if you have a comprehensive motor insurance policy, it may not provide sufficient protection against monsoon-related risks.
'We are expected to grow at above 28 per cent this year, higher than the industry.'
India's financial sector is dominated by large government-owned and private-sector banks.
'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'
Check out some of the stocks that will react on the basis of their numbers in the near term.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
Maharashtra has witnessed 823 incidents of communal unrest since January this year, with demands for the removal of Aurangzeb's tomb and the spread of distorted facts on social media fomenting fresh trouble. Districts like Nandurbar, Pune (Rural), Ratnagiri, Sangli, Beed, and Satara have seen communal unrest in recent days due to right-wing organizations' demands for the demolition of the Mughal emperor's tomb in Chhatrapati Sambhajinagar. The state witnessed 4,836 Hindu-Muslim related communal crimes in 2024, with 170 incidents classified as cognisable and 3,106 as non-cognisable cases. The violence in Nagpur, triggered by protests demanding the removal of Aurangzeb's tomb, highlights the role of social media in spreading inflammatory content and instigating people. While the state has taken measures to curb the spread of misinformation, concerns remain over the impact on communities and the need for promoting peace and understanding.
Dr Lagoo, who was a trained ENT surgeon, played important role in the growth of theatre movement in Maharashtra in post-Independence era.
Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.
The national real estate market presents an intriguing picture. Lower volumes and flat pricing serve as dampeners. Sales bookings across the top ten markets have seen 6 per cent growth year-on-year (Y-o-Y) between April and August 2024, but sales volume is down 8 per cent Y-o-Y. Unsold inventory is up.
Returns of liquid funds are meant only for the short term and don't help investors create wealth over the long term, as equity funds do.
While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
'Accidents are unpredictable, whether it's a mishap during Diwali, a fracture during travel, or a fall in the bathroom.'
Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors - the latter two are part of the Sensex - will decide on combined related-party transactions of more than Rs 2.68 trillion proposed for this financial year and later. Related-party transactions for BSE 500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows. The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.
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