Business News

Brazil’s bank Caixa selling 9-billion-real ($2.4 billion) stake, owned in Petroleo Brasileiro SA – sources

Brazil’s bank Caixa selling 9-billion-real ($2.4 billion) stake, owned in Petroleo Brasileiro SA – sources The stock offering of the 2.3 percent stake possessed by Caixa in Petrobras, as the oil organization is known, relies upon the distribution of new presidential pronouncement approving the deal. – TFM Watch SAO PAULO (Reuters) – Brazilian state-owned bank […]

Business News

Online grocery startup Grofers raised fresh capital of $60 million esteeming company valuing $425 million

Online grocery startup Grofers raised fresh capital of $60 million esteeming company valuing $425 million Japan’s SoftBank Vision Fund (SVF), US based Tiger Global and Sequoia Capital have impelled around $60 million fresh capital for this online grocery startup – TFM Watch Online general store Grofers has raised nearly $60 million additional capital by SoftBank Vision Fund, […]

Finance Update World News

India State-run electricity distribution companies (discoms) posted losses over Rs.15,000 crore in the first half of FY19

India State-run electricity distribution companies (discoms) posted losses over Rs.15,000 crore in the first half of FY19 The UDAY schem has gone under a cloud as there is stagnation in the improvement of different operational parameters. Losses of the discoms in Telangana, Tamil Nadu, Madhya Pradesh, Assam and Andhra Pradesh dramatically increased during first half […]

Finance Update

Thomson Reuters reported $1.52 billion income in Q4; beats expectations

Thomson Reuters presented higher than expected fourth income of $1.52 billion Highlights Thomson Reuters detailed final quarter income of $1.52 billion, comparatively $1.41 billion in earlier year.  They have profited by the organization repurchasing $10 billion worth of shares since August. The organization has put aside $2 billion to develop its Legal, Tax and Accounting and […]

Finance Update Uncategorized

Daily Stock Picks and Reco’s – The Future Market’s watch window

Today Stock Picks and Research Calls from Experts & Agencies –  28th Feb 2019 Research calls by Sharekhan Today: Sell LICHSGFIN at Rs.466 with target price of Rs.462. Buy BIOCON at Rs.624 with target price of Rs.631. Buy NTPC at Rs.136 with target price of Rs.144 and time frame will be 1 to 10 Days. Reliance Money Intraday Calls: Buy […]

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 […]

Finance Update

Dropbox Inc forecasted drop in current-quarter operating margins

Dropbox expects drop in first-quarter operating margin, shares fall File sharing and storage company Dropbox Inc shares down nearly 11% on 22nd Feb after forecasting drop in current-quarter operating margins. TFM Watch (Reuters) – File sharing and storage company Dropbox Inc forecast a drop in current-quarter operating margins from a year earlier, sending its shares […]

Finance Update World News

Singapore’s OCBC reported its lowest quarterly profit in nearly two years

Singapore’s OCBC reported its lowest quarterly profit in nearly two years OCBC’s weak earnings came from practically every part of its business coupled with a significant jump in its non-oil non-performing loans, Nomura analyst Marcus Chua said in a report. TFM Watch SINGAPORE (Reuters) – Singapore’s Oversea-Chinese Banking Corp Ltd unexpectedly reported its lowest quarterly […]

Business News

News should not be missed; Business Deals and Corporate Actions

Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 18Th Feb – 20Th Feb Tech Mahindra and Rakuten set up 5G Lab in Tokyo -The Rakuten Cloud Innovation Laboratory; is a fully automated testing facility that aims to foster innovation across mobile network, IT digital architecture, cloud and enterprise applications, a statement said. Crypto […]

M&A World News

Indian wealth manager Edelweiss signs MoU with Bank of Singapore to form a strategic partnership

Edelweiss, Bank of Singapore sign MoU for strategic partnership “This is the first time that an Indian wealth manager of Edelweiss’ size and stature is partnering with an offshore private bank,” Edelweiss Financial Services said in a BSE filing. PTI @moneycontrolcom Edelweiss Group on Thursday said it has signed a memorandum of understanding (MoU) with Bank […]

Business News

Ashok Leyland has lined up investments around Rs.1,000 crore as capital expenditure (capex) for FY20

Ashok Leyland has lined up investments around Rs 1,000 crore as capital expenditure (capex) for FY20 Ashok Leyland, the country’s third biggest commercial vehicle producer, has lined up investments for a slew of projects for FY20 even as the truck and bus maker gets busy to expand its portfolio in the light-duty segment. The Chennai-based […]