Business News

Water Technology firm VA Tech Wabag bags order worth Rs. 575 crore in Kolkata, West Bengal

Water Technology firm VA Tech Wabag bags order worth Rs.575 crore in Kolkata, West Bengal The project will be executed on Public Private Partnership basis under the Hybrid Annuity Model. WABAG will build the sewage treatment plants over a period of 24 months and further Operate & Maintain them over a period of 15 years. […]

Business News

Sysnet Global Solutions turns out to be first to accomplish PCI SSC Qualified PIN Assessor listing

Sysnet Global Solutions turns out to be first to accomplish PCI SSC Qualified PIN Assessor listing The standard promotes secure management, handling and transmission of all PIN information at ATMs and POS terminals. – TFM Watch Sysnet Global Solutions has turned into the first organization globally, to be registered on the Payment Card Industry Security […]

Business News

News should not be missed; Business Deals and Corporate Actions

Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 25Th Feb – 27Th Feb Prakash Poojary, TFM News 100 sugar mills may face SEBI action; crackdown could freeze cane procurement: Report Private placement norms allow an unlisted company to privately sell shares to a maximum of 49 people HG Infra bags an EPC order […]

Business News World News

India sets $50 billion bilateral trade target with Russia by 2025

India And Russia Set Trade Target To $50 Billion By 2025 The two-way investments have already crossed the $30 billion target and now the countries are aiming for $50 billion by 2025. Junior commerce and industry ministry C R Chaudhary has set an ambitious $50 billion target for bilateral trade between India and Russia over […]

Business News

Reliance Capital invites Nippon Life to acquire 42.88% stake in its mutual fund business

Anil Ambani’s Reliance Capital offers to sell its 43% stake in mutual fund business to Nippon Life Nippon Life Insurance already holds 42.88 percent stake in Reliance Nippon Life Asset Management Reliance Capital on Thursday invited Nippon Life Insurance to acquire nearly 43 per cent stake that it holds in Reliance Nippon Life Asset Management (RNAM). […]

Finance Update

Israel’s Wix.com sees 25% revenue growth in 4th quarter 2019

Israel’s Wix.com fourth-quarter profit up, sees 25 revenue growth in 2019 TEL AVIV (Reuters) – Wix.com, which helps small businesses build and operate websites, posted higher-than-expected fourth-quarter profit and forecast a 25 percent rise in revenue in 2019. It reported on Wednesday a net profit of 42 cents per share excluding one-time items, up from […]

Finance Update

Cathay Pacific Airways profit beating expectations; HK$2.3 billion ($293.05 million) for 2018

Cathay Pacific Airways sees 2018 profit beating expectations, shares surge Shares surged by as much as 6.6 percent to their highest level since June 2018 after the market reopened for the post-lunch session. (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd said on February 20 it expected to swing to an annual profit of about […]

Finance Update

Albemarle Corp posted higher than expected 4th quarter profit

Albemarle bullish on lithium outlook after fourth quarter profit (Reuters) – Albemarle Corp, the world’s largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries. The forecast for sales growth of […]

Business News M&A World News

Millicom buys Spain’s Telefonica for $1.65 billion

Millicom spends $1.65 billion on Telefonica Central America mobile businesses (Reuters) – Millicom International Cellular, a cable and mobile operator in Latin America and Africa, said on Wednesday it bought the mobile telecommunications assets of Spain’s Telefonica in Panama, Costa Rica and Nicaragua for $1.65 billion. Telefonica has long been rumoured to want to sell […]

Finance Update World News

GoDaddy first-quarter revenue forecast misses estimates

(Reuters) – GoDaddy Inc forecast current-quarter revenue on Wednesday that missed analysts’ estimates, sending its shares down more than 2 percent and overshadowing the web hosting company’s strong fourth-quarter results. For the first quarter, GoDaddy expects total revenue between $705 million and $715 million, while analysts were expecting $716.3 million, according to IBES data from […]