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Japanese Firm Bids Over Rs 2,200 Crore For 3-Acre Mumbai Plot
Japanese multinational corporation (MNC) Sumitomo Corporation has bid a staggering Rs 2,238 crore for a three-acre plot in the prime Bandra-Kurla Complex (BKC) in central Mumbai, an official said on Tuesday.
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Bankruptcy Court Clears ArcelorMittal's Takeover Of Essar Steel
ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal Corp, paving the way for the first major foreign participation in India's steel sector.
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Will Give Toshiba As Much Support As Possible: SMBC Chief
The TVs-to-nuclear conglomerate is scrambling for cash to stay in business as a multi-billion-dollar hole has emerged in its nuclear business.
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Motherson Sumi To Raise Up To Rs 563 Crore Via Equity Issue
Auto components maker Motherson Sumi Systems on Monday said its board has approved raising up to Rs 563.06 crore by way of preferential allotment of up to 1.78 crore equity shares to Japan's Sumitomo Wiring Systems.
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Japanese MNC Offloads Rs 2,069-Crore Stake in Kotak Mahindra Bank
Japanese multinational Sumitomo Mitsui Banking Corp (SMBC) on Tuesday offloaded stake worth Rs 2,068.81 crore in Kotak Mahindra Bank through open market transactions.
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Board Approves Sale of Chola MS Stake for Rs 883 Crore
The Board of Murugappa Group company Tube Investments has approved sale of 14 per cent stake in Cholamandalam MS General Insurance for Rs 882.68 crore to its Japanese JV partner, Mitsui Sumitomo Insurance Company.
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Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani
Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.
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Japan's Sumitomo Mitsui Trust Bank Buys Reliance Capital Stake
SMTB has made its investment in the company at a price of Rs 530 each through preferential allotment of shares.
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Reliance Capital Q3 Net Profit Rises 28% to Rs 213 Crore
The company said the shareholders have approved allotment of 2.8 per cent stake in Reliance Capital to Sumitomo Mitsui Trust Bank and the deal is expected to be closed by next month.
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Reliance Capital Expects Boost in Insurance Business in 2015
Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.
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Sumitomo Mitsui May Buy 10% Stake in Reliance Bank
Besides, the financial services arm of industrialist Anil Ambani-led business conglomerate Reliance Group is also open to the idea of another Japanese partner, Nippon Life, acquiring a further up to 10 per cent stake in its banking venture, as and when RBI's policies permit formation of such a bank.
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Sumitomo Mitsui to Take $58.4 Million Stake in Reliance Capital
Sumitomo Mitsui will buy the stake at Rs 530 per share through preferential allotment, Reliance Capital said in a statement. The deal represents a premium of 6.5 per cent over the stock's Wednesday close.
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GAIL Signs Pact With Japan's Sumitomo Corporation
State gas utility GAIL India Ltd on Friday said it has signed an agreement with Sumitomo Corp, Japan's third-largest trading house, for cooperation in gas procurement and petrochemicals.
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Apollo Tyres closes deal for selling South African business to Sumitomo
Post this transaction, Apollo Tyres will continue to sell Apollo, Vredestein and Regal branded tyres in Africa, and at the same time focus on creating and strengthening its sales and distribution network across the continent.
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ArcelorMittal says US plant buy to help serve rising demand for auto-grade steel
Billionaire NRI Laxmi Mittal said on Sunday that ArcelorMittal's acquisition of ThyssenKrupp AG's (TKAG) 5.3 million-tonne (MT) steel mill in the United States for $1.5 billion will help the firm cash in on the growing demand for auto-grade steel in North American Free Trade Agreement (NAFTA) region.
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Japanese Firm Bids Over Rs 2,200 Crore For 3-Acre Mumbai Plot
Japanese multinational corporation (MNC) Sumitomo Corporation has bid a staggering Rs 2,238 crore for a three-acre plot in the prime Bandra-Kurla Complex (BKC) in central Mumbai, an official said on Tuesday.
-
Bankruptcy Court Clears ArcelorMittal's Takeover Of Essar Steel
ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal Corp, paving the way for the first major foreign participation in India's steel sector.
-
Will Give Toshiba As Much Support As Possible: SMBC Chief
The TVs-to-nuclear conglomerate is scrambling for cash to stay in business as a multi-billion-dollar hole has emerged in its nuclear business.
-
Motherson Sumi To Raise Up To Rs 563 Crore Via Equity Issue
Auto components maker Motherson Sumi Systems on Monday said its board has approved raising up to Rs 563.06 crore by way of preferential allotment of up to 1.78 crore equity shares to Japan's Sumitomo Wiring Systems.
-
Japanese MNC Offloads Rs 2,069-Crore Stake in Kotak Mahindra Bank
Japanese multinational Sumitomo Mitsui Banking Corp (SMBC) on Tuesday offloaded stake worth Rs 2,068.81 crore in Kotak Mahindra Bank through open market transactions.
-
Board Approves Sale of Chola MS Stake for Rs 883 Crore
The Board of Murugappa Group company Tube Investments has approved sale of 14 per cent stake in Cholamandalam MS General Insurance for Rs 882.68 crore to its Japanese JV partner, Mitsui Sumitomo Insurance Company.
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Nippon Life to Up Stake in Life Insurance, MF Business: Anil Ambani
Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.
-
Japan's Sumitomo Mitsui Trust Bank Buys Reliance Capital Stake
SMTB has made its investment in the company at a price of Rs 530 each through preferential allotment of shares.
-
Reliance Capital Q3 Net Profit Rises 28% to Rs 213 Crore
The company said the shareholders have approved allotment of 2.8 per cent stake in Reliance Capital to Sumitomo Mitsui Trust Bank and the deal is expected to be closed by next month.
-
Reliance Capital Expects Boost in Insurance Business in 2015
Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.
-
Sumitomo Mitsui May Buy 10% Stake in Reliance Bank
Besides, the financial services arm of industrialist Anil Ambani-led business conglomerate Reliance Group is also open to the idea of another Japanese partner, Nippon Life, acquiring a further up to 10 per cent stake in its banking venture, as and when RBI's policies permit formation of such a bank.
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Sumitomo Mitsui to Take $58.4 Million Stake in Reliance Capital
Sumitomo Mitsui will buy the stake at Rs 530 per share through preferential allotment, Reliance Capital said in a statement. The deal represents a premium of 6.5 per cent over the stock's Wednesday close.
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GAIL Signs Pact With Japan's Sumitomo Corporation
State gas utility GAIL India Ltd on Friday said it has signed an agreement with Sumitomo Corp, Japan's third-largest trading house, for cooperation in gas procurement and petrochemicals.
-
Apollo Tyres closes deal for selling South African business to Sumitomo
Post this transaction, Apollo Tyres will continue to sell Apollo, Vredestein and Regal branded tyres in Africa, and at the same time focus on creating and strengthening its sales and distribution network across the continent.
-
ArcelorMittal says US plant buy to help serve rising demand for auto-grade steel
Billionaire NRI Laxmi Mittal said on Sunday that ArcelorMittal's acquisition of ThyssenKrupp AG's (TKAG) 5.3 million-tonne (MT) steel mill in the United States for $1.5 billion will help the firm cash in on the growing demand for auto-grade steel in North American Free Trade Agreement (NAFTA) region.
