Northern Arc Capital, a mid-tier nonbanking finance company, plans to raise ₹500 crore through fresh equity and ₹277 crore via an offer for sale by existing investors. The company focuses on lending to MSMEs, microfinancing, and consumer financing. Its assets under management grew by 28% annually between FY22 and FY24.
SK Hynix overtakes Samsung to become South Korea’s most valuable company
SK Hynix has surged past Samsung Electronics to become South Korea’s most valuable company, driven by its dominance in high-bandwidth memory (HBM) chips crucial for