Chinese company CFLD keen to invest in Haryana
The Dollar Business Bureau A delegation of China Fortune Land Development Co. Ltd (CFLD) on Wednesday held a meeting with Capt. Abhimanyu Singh Sindhu, Industries and Commerce Minister of Haryana to discuss opportunities for investment and set up a joint venture in the state. According to official sources after the Chinese conglomerate Wanda Group, CFLD is yet another company that has shown interest to set up a joint venture in Haryana. Headed by Xingchuan Liu, Chief Financial Officer (CFO) of CFLD, a five-member delegation, met the Industries and Commerce Minister in Chandigarh, the source said. "The delegation had discussions on investment opportunities in the areas of automobile, aerospace, electronics and food processing in the state," it said. Xingchuan Liu, mentioned during ...
ICICI more than halves its equity in two overseas arms
Source: PTI ICICI Bank has more than halved its equity investment in the two arms in Canada and the UK to 5.2% at the end of September quarter from 11% as of March 2010. ICICI Bank has close to a quarter of its assets of Rs.4,09,700 crore with two overseas subsidiaries – ICICI Bank UK and ICICI Bank Canada. Currency fluctuation impacted bottom lines of its both subsidiaries with the Canadian arm reporting a sharp decline and the British unit turning in a marginal increase in profit, despite the fact that bank could manage higher net interest margin from them at 2%, up 12 basis points from a year ago. Of the total loan book of Rs.4,09,700 crore at the reporting ...
