EOD Update 03-07-2019

PNB, Allahabad Bank, 2 Other Lenders Fined For Non-Compliance With Norms

While Punjab National Bank (PNB), Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, Corporation Bank has been asked to pay a penalty of Rs 25 lakh.

Kalpataru Power gains 4% on Rs 3,275 crore stake sale plans
Two of the units are wholly owned, while in the third KAPT owns 74 per cent.

Budget 2019 Likely To Hike Spending To Combat Slumping Growth

Analysts say PM Modi, boosted by a sweeping election victory, hopes to use the budget to restart reforms and deal with a series of economic woes.

Govt looking to expedite Barhni-Kathmandu rail project
The survey for new broad gauge line from Barhni, in Uttar Pradesh, to Kathmandu was sanctioned in 2015-16.

Indiabulls Housing to buy back NCDs, masala bonds worth Rs 2,700 crore
The NCDs maturing in September include Rs 660 crore of public issues.

Inheritance Tax May Be Reintroduced After 34 Years. Here’s Why

One tax that analysts expect to make a comeback is the inheritance or estate tax, which was abolished in 1985.

Gold Prices Increase On Strong Global Trend, Jewellers’ Buying

Globally, gold was trading higher at $1,425.95 an ounce, while silver was up at $15.31 an ounce in New York.

Larsen & Toubro Buys Controlling Stake In Mindtree

Mindtree Ltd said on Wednesday that conglomerate Larsen & Toubro Ltd has acquired a 60.06 per cent stake in the Indian IT services company.

RBI To Regulate Housing Finance Firms, Review Assets: Report

That could have major repercussions for about 80 HFCs, the largest of which include Indiabulls Housing Finance, Housing Development Finance Corporation (HDFC) and DHFL.

Budget 2019: Modest Rise In Military Spending Likely, Says Official

In an interim budget announced in February before national elections, the government allocated Rs 4.31 lakh crore ($62.27 billion) for defence, a 6.6 per cent rise over the previous year.

Oil India Wants To Exit Russian Project: Dharmendra Pradhan

Mr Pradhan said on Wednesday the company has not yet decided to exit from its shale assets in the United States.

Cabinet Approves Increase In Minimum Support Price For All Kharif Crops

Union Agriculture Minister Narendra Singh Tomar made the announcement after a meeting of the Union Cabinet and the CCEA chaired by Prime Minister Narendra Modi.

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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