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Articles for Sumitomo

Japan’s Megabanks Are Flush With Cash and Hunting Overseas Deals
2 weeks, 1 day ago

Japan’s Megabanks Are Flush With Cash and Hunting Overseas Deals

Live Mint  

Japan’s megabanks are awash in cash and eager to invest. “Their investment strategy including M&A is key to whether the banks can reach the next level of growth,” said Nana Otsuki, a senior fellow at Pictet Asset Management Japan Ltd. “Given their price-to-book ratios still aren’t comfortably above one, it’s a priority to better utilize their capital.” All of the …

India Growth Financial Investment Indian Bank Japanese
Elizabeth line to get Tokyo-style makeover: New operator to bring 'best parts' of Japan's world-leading subway to £19billion London network... so will the trains finally run on time?!
1 month ago

Elizabeth line to get Tokyo-style makeover: New operator to bring 'best parts' of Japan's world-leading subway to £19billion London network... so will the trains finally run on time?!

Daily Mail  

It's a network known for its punctuality, efficiency and reliability – and, of course, the famous 'oshiya' passenger pushers to get everyone on board in peak times. Commuters pass through a ticket gate at a Tokyo Metro station in Japan last month One of Japan's famous 'oshiya' passenger pushers at Akasaka-Mitsuke station in Tokyo London Mayor Sadiq Khan poses for …

London Trains Japan Transport Services Network Japanese
Sumitomo acquires 8,054 sq m land from The Bombay Dyeing and Manufacturing Company for ₹440 crore in Mumbai
3 months, 2 weeks ago

Sumitomo acquires 8,054 sq m land from The Bombay Dyeing and Manufacturing Company for ₹440 crore in Mumbai

Hindustan Times  

Goisu Realty Private Limited, a subsidiary of Japanese real estate developer Sumitomo Realty & Development Company, has acquired a 8,054-square metre land parcel from The Bombay Dyeing and Manufacturing Company Limited in the city's Lower Parel area for ₹440 crore, property registration documents accessed through real estate data analytics platform Propstack showed. Sumitomo acquires 8,054 sq m land from The …

Mumbai Land Japanese Realty Crore Bkc Worli
SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report
4 months, 1 week ago

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

Hindustan Times  

State Bank of India is reportedly aiming to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees currently in smaller rival Yes Bank, four sources with direct knowledge said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in …

Bank Japanese Rbi Reuters Emirates Nbd Yes Bank Stake
Land of the rising banks
4 months, 4 weeks ago

Land of the rising banks

Live Mint  

Japan’s gradual exit from its ultra-easy monetary policies has helped send Japanese banks into overdrive, with the Topix Banks index more than doubling in the past two years. Japan’s three megabanks—Mitsubishi UFJ, Sumitomo Mitsui and Mizuho—have all reported record profits for their fiscal years ended in March and are forecasting another record year. Bloated balance sheets have dragged down returns: …

Bank Japanese Banks Japanese Banks Mitsubishi Ufj
World's first wooden satellite built by Japan researchers
6 months, 3 weeks ago

World's first wooden satellite built by Japan researchers

The Hindu  

The world's first wooden satellite has been built by Japanese researchers who said their tiny cuboid craft will be blasted off on a SpaceX rocket in September. The creators expect the wooden material will burn up completely when the device re-enters the atmosphere -- potentially providing a way to avoid the generation of metal particles when a retired satellite returns …

Space Japan Earth Satellite Iss
No Baggage: Why Japan Airlines is encouraging flyers not to carry clothes
1 year, 5 months ago

No Baggage: Why Japan Airlines is encouraging flyers not to carry clothes

Firstpost  

Japan Airlines wants passengers travelling to the country to ditch their suitcases. Starting on 5 July, Japan Airlines Co and trading house Sumitomo Corp have started an experiment that will give passengers the option to rent clothes during their stay in the country. For example, most travellers now enjoy eating at restaurants and staying at hotels at their destination, but …

Japan Airlines Emissions Rent Clothes Sumitomo Japan Airlines
Adani Group in talks to raise $800 million to finance new projects: Report
1 year, 7 months ago

Adani Group in talks to raise $800 million to finance new projects: Report

Hindustan Times  

Adani Group is aiming to raise about $800 million for new green energy projects, people familiar with the matter said, in what could be the conglomerate’s biggest borrowing since it was slammed by a short seller in January. Billionaire Gautam Adani-led group is in discussions with global banks including Sumitomo Mitsui Banking Corp., DBS Bank Ltd., Mitsubishi UFJ Financial Group. …

Group Gautam Adani
Stocks to Watch: TCS, NTPC, IDBI Bank, Adani Enterprises, ZEE Entertainment
1 year, 9 months ago

Stocks to Watch: TCS, NTPC, IDBI Bank, Adani Enterprises, ZEE Entertainment

Live Mint  

New Delhi: Here is the list of the top 10 stocks that will be in focus today: Tata Consultancy Services: The IT services major has named K. Krithivasan as chief executive after Rajesh Gopinathan unexpectedly resigned. IDBI Bank: The Union government may defer the $4 billion IDBI Bank privatization plan over concerns that unprecedented market volatility may deter prospective buyers. …

India Company Adani Zee Ntpc Zee Entertainment Idbi Bank
WA's biggest private power station moves to take over loss-making, Indian-owned coal mine
2 years, 3 months ago

WA's biggest private power station moves to take over loss-making, Indian-owned coal mine

ABC  

The Japanese owners of a major West Australian coal-fired power station are pursuing court action to take over a loss-making, Indian-owned mine amid a worsening crisis in the state's coal heartlands. Key points: Bluewaters power station has taken legal action to gain control of the Griffin Coal mine The action is believed to follow claims of a failure by the …

Supply Indian Power Coal Station Griffin Collie
Sumitomo Mitsui to buy 74.9% stake in FICC for $2 billion
3 years, 5 months ago

Sumitomo Mitsui to buy 74.9% stake in FICC for $2 billion

Hindustan Times  

Japan’s Sumitomo Mitsui Financial Group Inc. has agreed to buy a 74.9% stake in Fullerton India Credit Company Ltd, adding to a growing number of deals in the non-bank lending space. Sumitomo will purchase the stake from Singapore’s Temasek-owned Fullerton Financial Holdings Pte Ltd. The plan is for Sumitomo to eventually buy 100% of Fullerton India, according to a statement …

India Japan Sumitomo Smfg Ficc Mitsui Financial
Yantai deepens ties with Fortune Global 500 companies
3 years, 5 months ago

Yantai deepens ties with Fortune Global 500 companies

China Daily  

Yantai, East China's Shandong province, hosted an online dialogue with the top executives of the world's top 500 enterprises on June 28. Zheng Deyan, mayor of Yantai, spoke with the top executives from Sumitomo Corporation, Linde China, Hyundai Motor Group and French Air Liquide Group. The representatives said that they are optimistic about the investment environment in Yantai and will …

Yantai Sumitomo Corporation
Yantai deepens ties with Fortune Global 500 companies
3 years, 5 months ago

Yantai deepens ties with Fortune Global 500 companies

China Daily  

Yantai, East China's Shandong province, hosted an online dialogue with the top executives of the world's top 500 enterprises on June 28. Zheng Deyan, mayor of Yantai, spoke with the top executives from Sumitomo Corporation, Linde China, Hyundai Motor Group and French Air Liquide Group. The representatives said that they are optimistic about the investment environment in Yantai and will …

Yantai Sumitomo Corporation
Japanese Scientists to Create a Wooden Satellite That will Reduce Space Debris
3 years, 11 months ago

Japanese Scientists to Create a Wooden Satellite That will Reduce Space Debris

News 18  

Space debris is turning out to become one of the serious problems with thousands of rocket launches since the space race started in the ’50s and ’60s. Japan’s Sumitomo Forestry, in collaboration with Kyoto University, have started working on a wooden satellite that will be ready by 2023, according to a BBC report. The project aims to create wooden satellites …

Space Japan Earth Japanese Satellite Bbc Satellites
Bluewaters coal-fired power station written off as worthless as renewables rise
4 years ago

Bluewaters coal-fired power station written off as worthless as renewables rise

ABC  

The owners of Australia's newest coal-fired power station have written down the value of the asset to zero, wiping out a $1.2 billion investment in the face of an onslaught of renewable energy. Key points: The Bluewaters coal-fired plant in Collie is barely ten years old Its Japanese owners have written it off as worthless The move is being pinned …

Energy Renewable Energy Power Coal Solar Japanese Station
Sumitomo to expand business in Shandong
4 years, 1 month ago

Sumitomo to expand business in Shandong

China Daily  

"We plan to engage in various forms of business related to urban transportation, medical care, elderly care, environmental protection and more, and hope to make a modest contribution to the development of Shandong province," said Kuniharu Nakamura, CEO of Sumitomo Corporation. Kuniharu Nakamura, CEO of Sumitomo Corporation Nakamura made the remarks during his online speech at the Japan session of …

Shandong Medical Treatment Sumitomo Sumitomo Corporation
Shandong, Japan bolster economic cooperation
4 years, 1 month ago

Shandong, Japan bolster economic cooperation

China Daily  

The Japan session of the "Connecting Shandong with Fortune Global 500" serial event was held on Nov 10 in Jinan, capital of Shandong province, and Tokyo, Japan, via online and offline channels. Several Japanese commercial organizations and industrial magnates, including the Association for the Promotion of International Trade, Japan, Japan-China Economic Association, the Japan External Trade Organization, the Japan-China Investment …

China Trade Japan Economic Cooperation Japanese Fortune