BTG Financial News

Bharat Heavy Electricals Ltd (BHEL) on Saturday said that it has secured an order worth Rs 8,000 crore from Maharashtra State Power Generation Company Limited (Mahagenco). The order is for a 2x660 (1320) MW BTG (boiler turbine generator) package of Koradi Thermal Power Station which includes supply of equipment, erection & commissioning and civil works, a BSE filing stated.

Subscribe to enjoy similar stories. A day before curtains rise on the Burman family's open offer for Religare Enterprises Ltd, Indian-American businessman Digvijay Danny Gaekwad sought to expand his counter-offer for the financial conglomerate; however, the late entry may not pass regulatory muster, said two people close to decision-making at the Securities and Exchange Board of India (Sebi), and three experts in securities law. Gaekwad, who wrote to Sebi chair Madhabi Puri Buch on Friday for permission to launch an open offer for 26% in Religare on Sunday revised his offer to at least 55%.

Ontario Teachers’ Pension Plan, one of Canada’s largest institutional investors, is set to unload its entire stake in Multiplan Empreendimentos Imobiliarios SA, the Brazilian mall operator it first invested in 2006.

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dearness allowance (DA) touches 50%, several other allowances of the central government employees have been increased in the last few months. Now there have been media reports that the basic pay of the central government employees and pensioners will also increase during the next hike of dearness allowance or dearness relief (DR). Usually, the DA and DR of the central government employees and pensioners increase from July. With DA and DR touching the 50% threshold, there have been speculations that DA and DR will be automatically merged into basic pay and raise the basic of the thousands of central government employees and pensioners. Are central government employees and pensioners looking for a hike in basic pay from July 2024? Read here to find out.

Bank of Nova Scotia plans to underwrite local bonds in Brazil and offer cash-management services there as it expands in Latin America’s biggest nation.

Crypto exchange Crypto.com partnered with one of the largest banking institutions in Latin America, BTG Pactual, to promote crypto banking services within the region, according to a February 27 press release.

Emerging-market stocks gained Tuesday as shares in Hong Kong rebounded from a 14-month low on speculation of a new stimulus package in China, while currencies pared earlier losses.

Emerging-market stocks gained Tuesday as shares in Hong Kong rebounded from a 14-month low on speculation of a new stimulus package in China, while currencies pared earlier losses.

SAO PAULO (Reuters) -Brazilian pulp and paper company Suzano has acquired certain forestry assets from two special-purpose firms managed by BTG Pactual Timberland Investment Group, according to a securities filing.

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BRASILIA (Reuters) — Brazil's Finance Minister, Fernando Haddad, said on Monday that revenue shortfalls resulting from past tax changes have an impact on new fiscal rules approved by Congress during President Luiz Inacio Lula da Silva's administration.

₹1 lakh penalty for potentially harmful coverage, said experts. While a section of industry executives said it was long due considering the frequent disharmony caused by television news coverage, legal experts said it might lead to establishment of an independent central authority to evaluate news content and penalize channel directors and promoters.

Revolut's global account will offer locals foreign exchange and remittance capabilities in 27 currencies, in addition to having a card that is accepted in more than 150 countries. Nik Storonsky, co-founder and CEO, says: “Our mission is to unlock a borderless economy with financial products that are accessible and easy to use and that allow our customers to use their money efficiently.

Revolut's global account will offer locals foreign exchange and remittance capabilities in 27 currencies, in addition to having a card that is accepted in more than 150 countries. Nik Storonsky, co-founder and CEO, says: “Our mission is to unlock a borderless economy with financial products that are accessible and easy to use and that allow our customers to use their money efficiently.