EOD update 05-04-2019

Polycab India raises Rs 401 cr from anchor investors

1.07 cr new taxpayers added, dropped filers down at 25.22 lakh in FY18: CBDT

PM Narendra Modi Biopic: SC refuses urgent listing on plea seeking stay on film’s release
The bench told the lawyer, who mentioned the plea for urgent listing, that it will come up in the regular course of hearing.

Adhunik lenders issue Rs 40 crore shares, bonds to Liberty House as resolution step
It had argued that it was not liable to pay the amount as part of the resolution plan.

Bank of India looks to divest insurance joint venture stake worth about $160 million
Bank of India has a 28.96 percent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 percent

SC refuses to grant interim stay on operation of electoral bonds, to take up matter on April 10

Bank of India looks to divest insurance JV stake for $160 million
BoI is looking to sell 64.9 million shares, or 25.02 per cent stake, in Star Union Dai-ichi Life Insurance Co.

Supreme Court: Refuses Early Hearing Of SBI’s Plea In Essar Steel Case

India pockets lion’s share of foreign capital as Asian equities struggle
Indian stock markets received $4.89 billion, the biggest since February 2012.

RBI May Take More ‘Accommodative’ Stance In Revised NPA Circular: Report

Sources said the major contention in the controversial February 12, 2018, circular that got challenged in the court leading to its quashing, will be done away with in the new circular.

Lakshmi Vilas Bank Board Approves Merger With Indiabulls Housing Finance

For every share held, the shareholders of the private-sector bank would be entitled to get 0.14 share in Indiabulls, Lakshmi Vilas Bank said in a statement.

Indian Oil Briefly Halts Fuel To Beleaguered Jet Airways: Report

The Mumbai-based airline, which was until recently country’s second-biggest by market share, has also defaulted on several loan payments.

Lakshmi Vilas Bank approves merger with lndiabulls Housing Finance

National Herald case: SC stays Delhi HC decision asking AJL to vacate building

Forex reserves soar over $5 bn to reach $412 bn

CCI approves L&T’s bid to acquire stake in Mindtree

Zomato posts Rs 2,035 crore loss for FY19; revenue up 3-fold to Rs 1,425 ccore

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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