EOD UPDATE 01-09-2019

India ratings downgrades Yes Bank, outlook negative

Bank Merger Will Not Help Recover Bad Loans:Bank Employees’ Association

The government on Friday announced a mega plan to merge 10 state-run public sector banks into four large entities to address economic concerns.

Macro Data, Auto Sales Figures To Impact Equity Indices: Analysts

Trends in global markets and the rupee’s movement against the US dollar will also dictate trend of key indices, said the report.

Auto Sales May Plunge Up To 30% In August: Poll

As per SIAM figures, domestic passenger car sales in July plunged by 35.95 per cent to 122,956 units against 191,979 units sold in July 2018.

Investors Should Allocate 10% Of Assets In Physical Gold: Mark Mobius

Mark Mobius also said the consumer market in India will be growing rapidly and drive economic growth in years to come.

Maruti Suzuki Sales Fall 33% In August

The company sold a total of 1,06,413 units, including exports, last month, compared to 1,58,189 vehicles in August 2018, Maruti Suzuki said.

There Won’t Be Single Job Loss Due To Banks’ Merger: Nirmala Sitharaman

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger lenders.

GST Collections At Rs 98,202 Crore In August

The gross revenue collections from the Goods and Services Tax (GST) in July stood at Rs 1.02 lakh crore.

Mahindra & Mahindra Domestic Vehicle Sales Drop 26% In August

The company sold a total 33,564 units of vehicles during the month in the country, against 45,373 units during the corresponding period last year.

Highest Ever E-Returns Filed In A Single Day On August 31: Taxman

The Information Security team of I-T Department thwarted over 2,205 malicious attacks on the website aimed at disrupting services in the peak period.

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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