Business News

Automaker Toyota and SoftBank to invest $1 billion in Ubers self-driving vehicle

Japan’s largest automaker Toyota injected $500 million into Uber last year to work on self-driving cars, where both companies are seen as lagging rivals like Alphabet Inc’s self-driving unit Waymo. By Reuters | TFM News NEW YORK (Reuters) – A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks […]

Business News

Volkswagen’s 5.9 billion euros annual savings goal may cut around 7,000 workforces

Volkswagen has ruled out compulsory layoffs until 2025, but early retirement will help the Wolfsburg, Germany-based carmaker to cut its workforces between 5,000 and 7,000 positions. By Reuters @moneycontrolcom – TFM News Volkswagen on March 13 stated it will reduce its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros […]

Business News

Tesla in talks with China’s Amperex Technology (CATL) for rechargeable batteries

Tesla in talks with China’s Amperex Technology (CATL) for rechargeable batteries CATL has been in talks with Tesla officials about the required specifications for the batteries. By Reuters @moneycontrolcom – TFM News Tesla INC is in talk with Chinese battery maker modern Amperex Technology Co Ltd (CATL) for ordering rechargeable batteries to power its Model […]

Uncategorized

MARKET UPDATE | Closing Bell: Nifty ends above 11,150, Sensex gains 382 pts; metal stocks outperform

MARKET UPDATE | Closing Bell: Nifty ends above 11,150, Sensex gains 382 pts; metal stocks outperform | The Future Markets TFM News | www.thefuturemarkets.com Mar 11, 03:35 PM (IST) Market at close: Indices ended on strong note on Monday as bulls took charge of the Dalal Street with Sensex closed above 37,000, while Nifty finished […]

Business News

Glencore signed deal with Canada’s Noranda on the terms of zinc treatment

Glencore signed deal with Canada’s Noranda on the terms of zinc treatment charges Noranda’s operations include a zinc processing facility in Quebec, last year agreed to buy zinc concentrate from Glencore and sell refined metal back to the miner under a 4-years contract where terms will be negotiated each year. By Reuters – TFM Watch […]

Business News M&A

India’s bankruptcy court NCLT approves ArcelorMittal’s takeover of Essar Steel

India’s bankruptcy court National Company Law Tribunal (NCLT) approves ArcelorMittal’s takeover of 10 million tonne steel plant of Essar Steel ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan’s Nippon Steel & Sumitomo Metal Corp, paving the way […]

Business News

L&T Hydrocarbon Engineering secures significant order from ONGC

L&T Hydrocarbon Engineering secures significant order from Oil & Natural Gas Corporation (ONGC). Project scope includes EPCIC of three (03 Nos.) well head platforms, one (01 No.) bridge connected well head cum riser platform, -59 km pipelines, 3 nos. of clamp-on structure and modification work on two existing platforms. – TFM News L&T Hydrocarbon Engineering […]

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 […]

M&A

Egypt’s EFG Hermes is recommending on $500 million merger and acquisition agreement in Saudi Arabia

Egypt’s EFG Hermes is recommending on $500 million merger and acquisition agreement in Saudi Arabia Highlights Saudi Arabia has made captivating bigger foreign investment a key part of its economic Vision 2030 strategies. EFG Hermes is one of the banks advising on the possible $1 billion listing of Fawaz Alhokair Group’s Arabian Centers Company. EFG […]

M&A

Carlyle Group obtains 9% stake in SBI Life from BNP Paribas Cardif’s current stake

Carlyle Group obtains 9% stake in SBI Life from BNP Paribas Cardif’s current stake Highlights Carlyle Group has bought 9.2 crore shares or 9.23 percent stake out of existence stake from BNP Paribas Cardif. The transaction valued Rs.4600 crore after 10 percent discount on Thursday closing of Rs.580.50. Carlyle’s value for this venture originated from […]

Business News

Telsa’s CEO Elon Musk presents estimate again for its 2019 production on Friday

Telsa’s CEO Elon Musk presents estimate again for its 2019 production on Friday Highlights Tesla will make somewhere in the range of 420,000 and 600,000 vehicles in 2019. A fizzled Tweet landed CEO Musk in the line of sight of the U.S. Securities and Exchange Commission three days prior. Here’s his full statement about how […]