EOD Update 05-08-2019

DLF lowers payable to JV firm to Rs 5,600 crore

Reliance Industries To Buy 87.6% Stake In Fynd For Rs 295 Crore

Fynd provides technology platform and solutions to merchants to manage their inventory and sales across multiple demand channels for consumers, including e-commerce platforms.

India tumbles out of $2 trillion m-cap club as FPIs exit
India first entered the $2 trillion market cap club of eight countries in May 2017.

RBI likely to cut repo rate by 25 bps to counter mounting growth concerns
The central banks Monetary Policy Committee (MPC) will decide rates this Wednesday.

China’s Didi Chuxing launches autonomous driving unit as independent company
Didi’s chief technology officer (CTO), Zhang Bo, has been named CEO of the autonomous driving unit.

Nestle India rises 4% on better Q2 show; CLSA maintains outperform
Kotak Institutional Equities has maintained reduce call on the stock with a target at Rs 10,700 per share.

Kashmir LIVE: Govt Decides to Repeal Articles 370 and 35A, J&K and Ladakh to be Separate Union Territories

Suzuki Posts 46% Drop In June Quarter Profit On Slowing India Demand

Suzuki reaffirmed its forecast for full-year operating profit to come in at 330 billion yen, up 1.7 per cent from the year ended March 2019.

Titan gets interim relief, Delhi HC tells Snapdeal to delist counterfeit watches
Tata group company filed a civil law suit against certain sellers and Snapdeal, after the e-commerce major ignored its complaints

State-Run Banks Fall On Reserve Bank Of Indias Penal Action

SEBI scans IndiGo’s investor agreement for violation of rights
The regulator is said to be not in favour of pacts which may give unequal rights to one set of shareholders.

Everstone Capital puts up to â‚ 700 cr Burger King India IPO on its menu

Gold Imports In July Plunge 55% As Prices Rally: Report

India imported 39.66 tonnes of gold in July, down from 88.16 tonnes a year ago, according to the report.

Government To Hold Discussions With Foreign Investors: Finance Minister

FPIs pulled out Rs 2,881.10 crore from debt and equity segments on August 1 and 2. In July, they had withdrawn a net amount of Rs 2,985.88 crore from the capital markets.

  • Dilip Buildcon Standalone June 2019 Net Sales at Rs 2,287.97 crore, down 6.09% Y-o-Y
  • Indian Hotels Standalone June 2019 Net Sales at Rs 571.89 crore, up 1.28% Y-o-Y
  • SRF Standalone June 2019 Net Sales at Rs 1,524.04 crore, up 5.41% Y-o-Y
  • RBI imposes penalty of Rs 8.5 crore on 11 banks

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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