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 […]

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: DAC Approvs purchase of defence equipment worth Rs.2,700 cr ($378.7Mn)

India: DAC Approvs purchase of defence equipment worth Rs.2,700 cr ($378.7Mn) The meeting of the council, the highest decision-making body for defence purchase, was chaired by Defence Minister Nirmala Sitharaman. PTI – TFM Watch The Defence Acquisition Council (DAC) on Wednesday approved acquisition of defence equipment for about Rs.2,700 crore ($378.7Mn), official sources said. The […]

World News

Saudi prince foresees ‘good things’ with India and agrees on need to increase pressure on countries supporting terror

Saudi prince foresees ‘good things’ with India on visit overshadowed by Kashmir Reporting by Sanjeev Miglani; Editing by Nick Macfie NEW DELHI (Reuters) – India rolled out the red carpet for Saudi Arabia’s Crown Prince Mohammed bin Salman on Wednesday at a time when it is trying to build diplomatic support against Pakistan following a […]