EOD update 03-04-2019

India March Nikkei Manufacturing PMI At 52.6 vs 54.3 MoM; At 6-Month Low

SC Declares Feb 2018 RBI Circular On NPAs ‘Ultra Vires’

Supreme Court Says RBI Rules On Defaulting Cos Are Illegal

Mahindra Lifespace CFO Jayant Manmadkar resigns
Jayant Manmadkar, the Chief Financial Officer and Key Managerial Personnel of the Company has submitted his resignation from the service of the company effective April 30, 2019.

ED attaches Rs 315 cr assets of firm linked to TDP MP Y S Chowdary

SEBI issues circular on appointment of administrators
An administrator has to be a person registered as an insolvency professional with the Insolvency and Bankruptcy Board of India (IBBI) and empanelled with the board from time to time.

India Set To Grow At 7.2% This Fiscal On Rising Consumption: ADB

GDP is expected to rebound to 7.2 per cent in 2019 and 7.3 per cent in 2020 as policy rates are cut and farmers receive income support.

Top fund manager dials down bearish India bet. Not without reasons
FIIs have pumped more than $8.4 bn into Indian stocks so far this year — the highest for Asia.

Larsen Toubro to sell entire stake in LT Kobelco Machinery for Rs 43.5 cr

Government May Direct State-Run Banks On Debt Resolution: Report

Indian banks and financial institutions currently hold total bad debt of over Rs 10 lakh crore

Tata Steel Says Supports Logic Of Joint Venture With ThyssenKrupp: Report

Tata Steel and ThyssenKrupp had proposed to combine their steel operations in Europe, which would form the region’s second-biggest steelmaker.

Monsoon Rains Seen Below Normal This Year: Skymet

The monsoon season delivers about 70 per cent of India’s annual rainfall and is key to the success of the farm sector in Asia’s third-biggest economy.

Intel India launches data-centric products, looks to tap $200 bn opportunity

Salaries For March 2019 Will Be Deferred: Jet Airways To Employees

An SBI-led group of lenders has taken over the management of the cash-strapped carrier temporarily, and make a fund infusion of Rs 1,500 crore.

IL&FS Stares At 90% Gross Bad Loans For Main Lending Arm: Uday Kotak

Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.

Reliance Jio Acquires Mumbai-Based Haptik For Rs 700 Crore

With this acquisition, Jio with its widespread reach will be in a formidable position to challenge Amazon Alexa and Google Assistant.

NGT raps DPCC, municipal corps on illegal dairies, slaps Rs 10 lakh fine each

New Investment Proposals In 2018-19 Lowest In 14 Years: Think Tank

The new investment proposals were robust in the five years from 2006-07 to 2010-11, when they averaged Rs 25 lakh crore/year, said the report by the Centre for Monitoring Indian Economy (CMIE).

Supreme Court Verdict On RBI Circular Credit Negative For Banks: Moody’s

Supreme Court’s judgment voiding the RBI circular is “credit negative” for banks as it will delay the resolution of non-performing loans, Moody’s said

CS Rajan Named Managing Director Of IL&FS

In a presentation, the company said that it expects to complete monetisation of its assets by May

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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