EOD update 01-04-2019

Cash-Strapped Jet Airways To Pay December Salaries

Lessors have grounded more than three dozen Jet Airways planes, forcing hundreds of its flights to be cancelled.

Vijaya Bank, Dena Bank Branches To Function As Bank Of Baroda’s

The merged entity would also receive a fund infusion of Rs 5,042 crore from the government. The Ministry of Finance has conveyed its decision to infuse the capital in Bank of Baroda.

IL&FS Asked To Give Details Of PF Investment In “Amber” Entities: Report

Thousands of crores of money of more than 15 lakh employees of both public and private sector companies is invested in IL&FS bonds.

Sebi probes potential violations of disclosure norms at YES Bank

Welspun Corp climbs 10% on divestment worth Rs 940 crore

Embassy Office Parks REIT Shares List At Premium On Stock Exchanges

Embassy Office Parks REIT shares rose as much as 4.83 per cent to Rs 314.50 against its issue price of Rs 300 as they made their market debit in Mumbai.

Tata Motors jumps 6% on expectations of improved financial results in Q4
Tata Motors expects significant positive cashflow in the fourth quarter.

India Delays Levying Retaliatory Tariff On US Goods To May 2

India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 2, according to a government order.

Housing.com parent firm acquires home rental platform FastFox for nearly Rs 100 cr

Govt Lent Rs 65,000 Cr To FCI From Small Savings In FY19 Govt Converted Rs 65,000 Cr Of FCI Subsidy To Loan In FY19 FY19 FCI Subsidy Cut To Rs 75,100

Equity infusion of Rs 5,135 cr to be done through Rights Issue at Rs 150/share Investor 1 to bring in Rs 1,700 Cr, Investor 2 to bring in Rs 2,100 Cr, Lenders to provide Rs 850 Cr

OYO Raises Funds From US-Based Airbnb

Airbnb did not disclose the details of its investment in OYO, which is backed by Japan’s SoftBank Group Corp.

Johnson & Johnson Baby Shampoo Fails Quality Test

This comes just a few months after authorities launched an investigation into J&J’s Baby Powder to see if it contains cancer-causing asbestos.

Fin Min Official: Expect To Raise Up To Rs 300 Cr Via Divestment In Pawan Hans Expect To Raise About Rs 150 Cr Via OFS Of RITES & IRCON

March GST Revenue At 1,06,577 Crores, Highest Monthly Collection In FY19

The data for the last month of financial year 2018-19 – which concluded on March 31, 2019 – also showed that the overall GST collections for the whole year stood Rs 11,77,369 crore.

HAL: Turnover Crosses Rs 19,400 Cr In FY19 vs Rs 18,284 Cr YoY

Revenue Growth Of 6% In FY19 vs 3.8% YoY

Separatist Hawk Syed Ali Shah Geelani’s Delhi Residence Seized By I-T Department

NPPA approves hike in prices of coronary stents
A coronary stent is a tube-shaped device placed in the arteries that supplies blood to heart. It keeps the arteries open in the treatment of coronary heart diseases.

Malvinder Singh’s Quarterly Pension Plea Rejected By Delhi High Court

Justice Rajiv Shakdher dismissed the plea seeking permission to operate the bank account and use the Rs 41,05,498 he received as quarterly pension.

RBI Alters Rule On Disclosure Of Bad Loan Divergence

RBI said banks should disclose bad loan divergences if the additional provisioning has exceeded 10% of company’s profit before provision and contingencies

Honda Cars India sales up 27% to 17,202 units in March
Honda Cars posted sales of 1,83,787 units in 2018-19, up 8 percent as compared with 1,70,026 units in 2017-18.

Core Sector Production Grows 2.1% In February

During April-February, the output growth rate came in at 4.3 per cent from the year-ago period, according to the data.

CARE: Cuts Rating On Dewan Housing Finance Corp’s NCD To ‘A’ From ‘AA

NPA to improve 180 bps to 8.5% this fisc on PSB revival:Crisil
The banking system will close FY19 with gross non- performing assets of 10.3 percent, ratings agency Crisil said Monday in its half-yearly report on credit movements.

Coal India production up 7% to 607 million tonne in FY19
The production was 567.4 million tonne in FY18.

Tata Motors shares zoom 7.5%; m-cap rises by Rs 3,711 crore
The stock jumped 7.37 percent to close at Rs 187.15 on BSE. Intra-day, it gained 8.80 percent to Rs 189.65.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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