Sundaram Home Finance plans to enter home loan segment

11 Sep 2023 CW Team

Sundaram Home Finance, a subsidiary of Sundaram Finance, has outlined plans to venture into the burgeoning affordable home loan segment, aligning itself with the government's ambitious "housing for all" initiative. The company has set its sights on tier 2 and tier 3 towns as it diversifies into the affordable housing sector. Lakshminarayanan Duraiswamy, Managing Director of Sundaram Home Finance, emphasized that this strategic move is a natural extension of their core business and growth strategy.

Duraiswamy stated, "We believe that this segment holds the potential for significant long-term growth for us." Sundaram Home Finance commenced offering small business loans in October of the previous year, marking an expansion of its services. Regarding their plans for the affordable housing sector, Duraiswamy revealed that the company intends to establish approximately 10 branches in smaller towns across Tamil Nadu and Andhra Pradesh. Furthermore, they aim to recruit 50-75 individuals dedicated exclusively to serving the affordable housing segment in the initial phase, with the target completion date set for March 2024.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..