Xiaomi secures $1 billion loan for global retail expansion

Xiaomi Mi Home Store Bengaluru-1

Xiaomi has secured a whopping $1 billion loan to expand globally and increase its retail footprint. The Chinese smartphone maker has revealed that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank of China (Hong Kong) Limited, Deutsche Bank AG, and Wing Lung Bank.

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SBI Provides Rs. 10,000 Crore Loan to Vodafone


Reportedly, Vodafone India has raised Rs. 10,000 Crore funds in the form of Loan from India’s top bank – State Bank of India (SBI).

According to reports, it has been added that these funds may have been raised looking the upcoming launch of 3G services in India, and the Cellcos will have to incur a heavy expenditure for upgrading their infrastructure and towards 3G license fees. Continue reading “SBI Provides Rs. 10,000 Crore Loan to Vodafone”