Sumitomo Mitsui Financial Group (SMFG) of Japan on Thursday said it has made a capital infusion of ₹3,000 crore in SMFG India Credit Co Ltd (SMICC) through a rights issue to expand business. This investment also includes ₹300 crore directed towards its wholly-owned subsidiary, SMFG India Home Finance Co. Ltd (SMFG Grihashakti).
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Haier Appliances India is set to cross the milestone of having a billion dollar revenue in 2024, helped by strong summers, festive season and ongoing trend of premiumisation, and expects ₹11,500 cr revenue in 2025, its President NS Satish said on Thursday. Satish is confident of closing 2024 with a revenue of ₹8,900 cr. Haier Appliances India follows January-December cycle as its financial year.
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U.S. stock index futures were lower on Thursday in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a boost for the final month of the year from the so-called Santa Claus rally. Heavyweight Nvidia dropped 1.1% in premarket trading, while Google-parent Alphabet shed 0.5%.
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