News - Finance

Canbank Venture Capital Fund Ltd picks up minority stake in unlisted Rs 200 cr, M/s Him Teknoforge Ltd. (HIM)

Continuing its strategy of investing in unlisted companies with high growth potential Canbank Venture Capital Fund Ltd. (CVCFL) through its Emerging India Growth Fund, has picked up a minority equity stake in ‘Him Teknoforge Ltd’ (HIM) for a consideration of Rs 30 crore which includes Rs 7.80 Cr towards partial buyout of Equity shareholding held by IFCI Venture Capital Funds Ltd. HIM is a leading manufacturer of Forgings and Machined Components for end use in Agri-Machinery, Automotives, Railways, Defense and Oil & Gas sectors. The product range comprises of gears, axles, shafts, levers, flanges, assemblies, sub assemblies, non gear/spider kits, etc.


Seminar & Discussion on UNION BUDGET 2016 organized by ICAI & EIRC

CA Manish Goyal, Sri Firhad Bobby Hakim, CA Anirban Datta & others during the inauguration ceremony of Union Budget 2016 organized by ICAI & EIRC held at Kala Mandir
CA Manish Goyal, Sri Firhad Bobby Hakim, CA Anirban Datta & others during the inauguration ceremony of Union Budget 2016 organized by ICAI & EIRC held at Kala Mandir

The Institute of Chartered Accountants of India (ICAI) and Eastern India Regional Council (EIRC) today organized a Seminar & Discussion on Union Budget 2016 at Kala Mandir Auditorium, Kolkata. This Seminar on the Finance Bill was organized with a view to discuss and understand the proposals which have been dealt by the Honorable Finance Minister, Arun Jaitley during his deliberation and the in between comma and lines to provide the professional fraternity clarity on the subject so that they can perform their professional duties in a better manner.


ADB Private Sector Financing Tops $2.6 Billion in 2015, Up 37% Year-on-Year

ADB private sector operations in 2015 included financing for a new wind power generation in Thailand.
ADB private sector operations in 2015 included financing for a new wind power generation in Thailand.

The Asian Development Bank (ADB) approved a record $2.6 billion of new financing and investments for the private sector in 2015, a 37% increase from a year earlier and 62% higher than in 2013.

As a result of this significant expansion, ADB’s private sector investment portfolio has increased to over $8 billion, and its private sector operations are now targeted to double from current levels by 2020.


Freida Pinto to Host Dinner with Melinda Gates, Bono, Oprah Winfrey and Sheryl Sandberg in Davos, Switzerland

FREIDA PINTO - WBRi File Photo
Freida Pinto (WBRi File Photo)

The special guests at this dinner would be Melinda Gates and the legendary U2 vocalist and musician Bono along with Oprah Winfrey and Sheryl Sandberg.



India Real Estate Builders to Keep Buyers Debt-Free with Unique Financing

While obtaining home loans has become easier, the loan amount –along with the EMI (Equated Monthly Installment) thereon - is quite high due to high apartment prices making home buying a challenging task for most people. Add to this, the already depressed business conditions where job security is uncertain. In such a scenario builders are offering various payment options for under-construction and ready possession flats.



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