Latest Updates Around The World
The fresh capital infusion not only gives the NBFC the firepower to ramp up lending but could also prepare it for a rating upgrade, making it cheaper to raise funds in the future | Photo credit: Reuters With the backing of Japan’s largest banking group MUFG, which is investing ₹39,618 crore in Shriram Finance, the […]
Mitsubishi UFJ Financial Group Inc. is nearing a deal to buy a minority stake in Shriram Finance Ltd., according to people familiar with the matter, the latest foreign bank to build a presence in the world’s most populous country. MUFG could invest more than ¥500 billion ($3.2 billion) to buy a stake of about 20 […]
The Indian rupee hovered near all-time lows on Thursday as a likely intervention from the Reserve Bank of India helped stave off continued pressure on the South Asian currency. The rupee closed at 88.7825 against the US dollar, almost flat on the day but within reach of last week’s low of 88.80. Sustained dollar selling […]
