News - Finance

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

Submitted by WBRi South-Asia Wire on Wed, 04/13/2016 - 22:15.

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

Submitted by WBRi South-Asia Wire on Wed, 03/02/2016 - 23:28.

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

Submitted by WBRi South-Asia Wire on Sun, 01/24/2016 - 22:59.

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

Submitted by WBRi South-Asia Wire on Thu, 01/21/2016 - 09:26.

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

Submitted by WBRi South-Asia Wire on Sat, 10/24/2015 - 07:00.

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.


Emirates Group Announces Half Year Performance

Submitted by jyoti-prakash-mandal on Sat, 11/15/2014 - 06:33.

Kolkata, November 12, 2014(Washington Bangla Radio): The Emirates Group recently announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets.

JAL Team takes SIES College by Storm

Submitted by sruti on Mon, 02/17/2014 - 10:19.
The ‘JAL’ team comprising of Purab Kohli, Kirti Kulhari and director Girish Malik took the students of SIES (South Indian Education Society) College by storm yesterday, where they were present at their college festival 'Tatva-Moksh-Lakshya'. The team enthralled the students with their witty humour and their stunning trailer.

ADB Provides Additional $25 Million To Complete Melamchi Tunnel

Submitted by sruti on Wed, 02/12/2014 - 11:29.
The Asian Development Bank (ADB) will provide an additional $25 million loan to the Government of Nepal to complete the Melamchi tunnel and help alleviate a severe water shortage in the Kathmandu Valley.

ADB President Opens Tacloban Office, Assures Typhoon Survivors of Support

Submitted by sruti on Wed, 02/12/2014 - 10:32.

Tacloban City, Philippines, February 12, 2014 (Washington Bangla Radio): – During a one-day visit to areas affected by Typhoon Haiyan (Yolanda), Asian Development Bank (ADB) President Takehiko Nakao expressed empathy and deep concern for survivors dealing with the super storm’s aftermath as he assessed potential sites for assistance and inaugurated ADB’s new office in Tacloban, Leyte.

APEDA: Helping Farmers to Look Outwards

Submitted by sruti on Mon, 02/10/2014 - 00:21.
Right from the moment when a produce is harvested from the farm to the time it takes to be on board for moving to its desired destination, the life of the agricultural produce gets battered at various stages. It is estimated that almost 30-40 per cent of the produce of fruits and vegetables is wasted due to lack of adequate infrastructure for post-harvest handling, transportation and storage.
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