Sundaram Home Finance makes deeper foray into Coimbatore region
The Hindu
Sundaram Home Finance aims to triple disbursements to ₹500 crore in Coimbatore, targeting Tier-III towns for growth.
Sundaram Home Finance (SHF) is aiming for a threefold increase in overall disbursements to over ₹500 crore in Coimbatore region in the next 12-18 months. This will include about ₹50 crore from the new emerging business (EB) segment.
As part of its strategy, SHF has started foraying deeper into the Tier-III towns in Western TN/Coimbatore region by eyeing Tiruppur, Dharapuram, Erode and Pollachi. On Monday, it opened a new branch office in Pollachi.
“The Pollachi branch will provide small business loans to entrepreneurs and small businesses of up to ₹20 lakh to meet their working capital requirements and to support their business growth. SHF will also target the affordable housing finance market with loans of up to ₹35 lakh,” Managing Director D. Lakshminarayanan said in a statement.
“Having established a strong presence in the Western TN with over 15 branches including six in the EB segment, we are now looking to expand beyond in this segment in this region. The current expansion into Pollachi is part of that strategy to penetrate deeper into smaller towns,” he said.
Let’s take a look at some of the biggest crypto events of the year.
Silver futures soar to ₹2.32 lakh/kg as global prices exceed $75, marking a record high in commodities trading.
Stock markets decline as Sensex and Nifty fall amid foreign fund outflows and low trading volumes on December 26, 2025.
Rupee drops 23 paise to 89.94 against the dollar amid negative equity trends and rising crude prices.
The commencement of commercial flight from the Navi Mumbai International Airport (NMIA) is expected to speed up infrastructure and real estate development across Navi Mumbai and surrounding regions, analysts & industry executives said.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness.
Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.
In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.
Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.
Bharti and Warburg Pincus invest in Haier India, acquiring a 49% stake to enhance growth and innovation in consumer durables.
India's net FDI remains negative for October 2025, with outflows surpassing inflows amid trade deal uncertainties.