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capital infusion News

Sumitomo Mitsui Financial Group Boosts Indian Arm with Rs 3000 Crore Investment

Christopher Adams 26 Dec, 2024

Sumitomo Mitsui Financial Group (SMFG) has invested Rs. 3,000 crore into its Indian arm, SMFG India Credit, marking the highest capital infusion in the current financial year. This...

Business

Government Injects Rs 500 Crore to Boost IFCI's Financial Health

Ryan Peterson 22 Dec, 2024

The Indian government is injecting Rs 500 crore into IFCI to improve its financial health before restructuring. This capital infusion will increase the government's stake in IFCI t...