EOD Update 04-07-2019

RenewBuy raises Rs 130 crore from Lok Capital, IIFL

HDFC Bank launches Future Bankers programme with Manipal Global Academy

38.91% land acquisition done for bullet train project: Piyush Goyal

BSNL FY19 loss at over Rs 14,000 crore: Govt

Zuari Agro Chem to issue CCDs worth Rs 405 cr

Kuwait’s Markab buys controlling stake in Uniply Industries

DHFL lenders may name SBI Cap as advisor

Set up NBFC to aid food processing sector: Ministry

Canada’s Brookfield buys prime Mumbai real estate for Rs 750 crore

Blackstone buys stake in LT Business Park for around Rs 700 crore

Indiamart InterMESH Shares Make Strong Debut On Stock Markets

Indiamart shares surged as much as 28.93 per cent to Rs 1,254.50 on the National Stock Exchange from its issue price of Rs 973.

Economic Survey To Chart Out Reform Road Map Of PM Modi Government

The survey prepared by Chief Economic Adviser Krishnamurthy Subramanian is likely to flag headwinds that the economy might face in its pursuit to become the world’s fifth largest economy.

Real GDP Growth Projected At 7% For 2019-20 In Economic Survey

GDP or gross domestic product growth is projected at 7 per cent in financial year 2019-20, according to the Economic Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman on Thursday

Kuwait’s Markab To Buy 29.21% In Uniply For Rs 313.84 Crore, Launch Open Offer
Markab Capital will make an open offer of 4.95 crore shares at Rs 82 apiece.

India Lender Seeks $217 Million in Fresh Loans a Month
Dewan Housing, which delayed payment on some obligations, plans to ask banks to lend $217 million every month to help revive firm.

General Fiscal Deficit Pegged At 5.8% In Economic Survey

In the interim Budget presented in February, the government had revised upward its fiscal deficit target to 3.4 per cent of GDP for 2018-19, from the previously estimated 3.3 per cent.

India To Become $5 Trillion Economy By 2025: Economic Survey

Finance Minister Nirmala Sitharaman said global crude oil prices are expected to decline in the current financial year 2019-20

Current Account Deficit Within Manageable Level: Economic Survey

In sum, although the CAD to GDP ratio has increased in 2018-19, the external indebtedness continues to be on a declining path.

Economic Survey Guided By Blue Sky Thinking: Krishnamurthy Subramanian

The Economic Survey 2018-19, tabled in Parliament, is the first for the new government, which came to power with an overwhelming mandate.

Urjit Patel admits RBI was slow to take timely measures
Urjit Patel said the state-run lenders have high ratio of non-operating expenses to earnings compared to their private sector peers.

Claims Worth Over Rs 1.73 Lakh Crore Settled Under IBC: Economic Survey

A total of 6,079 cases involving a total amount of Rs 2.84 lakh crore were withdrawn before admission under provisions of the Insolvency and Bankruptcy Code (IBC) till February 28

Investors pulled $15.1 billion from stocks amid caution over US-China trade talks: BAML

ED probe finds dummy directors at the helm in Videocon, Kocchar-owned firms

Dish TV gains on report Bharti Airtel may acquire promoter stake

Economic Survey For Rationalisation Of Burgeoning Food Subsidy Bill

The food subsidy bill has “risen substantially” over the years because of widening of the gap between the economic cost and the central issue price.

Need To Shift Gears To Become $5-Trillion Economy: Chief Economic Adviser

The Economic Survey “departs from traditional thinking by viewing the economy as being either in a virtuous or a vicious cycle, and thus never in equilibrium”.

Economic Survey Outlines Vision For $5 Trillion Economy: PM Narendra Modi

According to the survey, India’s real GDP will have to grow consistently at 8 per cent to achieve the target of $5 trillion economy by 2024-25

Inflation Rates Move To Low Level In Last 5 Fiscals, Says Economic Survey

Retail inflation during the first month of the current fiscal stood at 2.9 per cent, down from 4.6 per cent a year ago.

Divergence Between Blue-Chip, Small-Cap Shares Highest Since 2005

While the blue-chip Nifty 50 has climbed about 12 per cent in the last one year, the Nifty Smallcap 100 has slipped nearly 13 per cent

Attracting Private Investment In Industry A Challenge: Economic Survey

Public Private Partnerships are quintessential for addressing infrastructure gaps in the country, Economic Survey added.

Tribunal Rejects Plea Against ArcelorMittal’s Bid For Essar Steel

The Essar Steel case has dragged on for about 700 days and has seen global and local steel firms locking horns to grab Essar’s assets

Appropriate Measures Needed To Promote Electric Vehicles: Economic Survey

Currently, the market share of electric cars in India is only 0.06 per cent whereas it is 2 per cent in China and 39 per cent in Norway.

Government Must Ensure Predictable Policy Actions, Says Economic Survey

The document stated that policymakers at the highest level must monitor the economic policy uncertainty index on a quarterly basis.

Economic Survey Stresses On Reducing Economic Policy Uncertainty

The Survey notes that after falling for a decade since 2008, investment activity in India turned the corner since Q1 of 2017-18.

TN govt annonuces Rs 186 cr relief package for maize farmers

IndiaMART InterMESH surges 34% to close at Rs 1,302 on Day 1
On the BSE, the share gained 33.87 percent to end at Rs 1,302.55 after hitting an intraday high of Rs 1,339

Ola Gets Approval For London Launch

Bengaluru-based Ola said the company got a private hire vehicle licence to operate in UK’s capital city

Economic Survey 2019: Smart Command and Control Centres worth Rs 2,927 crore set up in 16 cities
Projects worth over Rs 2.05 lakh crore are proposed in 100 cities under the Smart Cities Mission, says the Survey.

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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