Preeti Singh

1 month ago | news.bloomberglaw.com | Saikat Das |Preeti Singh

Bank to focus on industries like artificial intelligenceIt will help diversify work of bank’s project finance unitState Bank of India, the country’s largest lender, is setting up a unit to manage project financing solutions for “new age industries” such as artificial intelligence, e-commerce, and fintech, according to a senior executive.

1 month ago | bloomberg.com | Saikat Das |Preeti Singh

State Bank of India, the country’s largest lender, is setting up a unit to manage project financing solutions for “new age industries” such as artificial intelligence, e-commerce, and fintech, according to a senior executive. The public sector bank plans to complete the project within a year and will hire “specialized professionals” to staff it, said Ashwini Kumar Tewari, a managing director at the bank. It’s also in the process of appointing an external consultant, Tewari said.

1 month ago | bloomberg.com | Kai Schultz |Preeti Singh

Share this articleFor investors optimistic about the India growth story, Hyderabad is tough to beat as Exhibit A. In the city’s financial district, construction cranes dot a skyline dominated by the world’s wealthiest corporate brands. Several years ago, Amazon.com Inc. opened its largest campus here. A few steps away, Google LLC is planning the same thing. A dirt pit covered in scaffolding will soon house the tech firm’s biggest hub outside Silicon Valley.

1 month ago | bloomberg.com | Preeti Singh

ChrysCapital Management Co. has secured $2.1 billion for its latest private equity fund, marking the biggest capital raising by an Indian buyout shop, according to people familiar with the matter. The 26-year-old firm’s latest fund is about two-thirds bigger than its last capital raise of $1.25 billion in 2022, and beat the record $1.7 billion raised by India’s Kedaara Capital last year.

1 month ago | bloomberg.com | Baiju Kalesh |Preeti Singh

Nippon Life Insurance Co.’s India unit is considering buying a minority stake in IndusInd Bank Ltd., people familiar with the matter said, with the aim of using the lender’s network to expand sales of its insurance products. Reliance Nippon Life Insurance Ltd. could seek as much as 9.9% in the Mumbai-listed bank, according to the people, who asked not to be identified because the deliberations are private.