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 […]

World News

Boeing 737 MAX planes restricted in Indian airspace following Ethiopian crash

Indian civil aviation ministry had stated late on Tuesday that it would ground 737 MAX immediately. Jet Airways Ltd and SpiceJet Ltd, two top Indian airlines, operate Boeing 737 MAX 8 aircraft. It has not detailed the types involved, but FlightRadar24 data shows its five once-active 737 MAX jets were grounded before the Ethiopian crash. […]

Finance Update

Private equity and venture inflows jumped 51% to $2.6 bn, exits at $472 mn in Feb

Private equity and venture inflows jumped 51% to $2.6 bn, exits at $472 mn in Feb According to the data collated by consultancy Monday, February saw investments worth $2.6 billion across 61 deals and exits worth $472 million involving 10 deals. PTI @moneycontrolcom – TFM News Private equity and venture capital investments jumped a healthy […]

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. […]