EOD UPDATE 05-09-2019

Banks Asked To Link Floating Rate Loans With External Benchmark Rates

The central bank has allowed the banks to choose one of the several benchmarks such as the RBI’s policy repo rate.

NBFC credit falls to Rs 1.79 lakh crore at the end of June versus Rs 2.49 lakh crore of March

Government’s Dependence On RBI Payout Leaves Budget Funding At Risk

Slower economic growth has made it harder for the government to improve tax collections and the boost from the central bank and assets sale program are unlikely to be repeated.

Mukesh Ambanis Reliance JioFiber Broadband Service Comes With Free TVs

Country’s video-on-demand market could grow to $5 billion by 2023 from $500 million last year, according to researcher Boston Consulting Group.

PNB Shares Rise Over 3% After Moody’s Upgrade

On August 30, Finance Minister Nirmala Sitharaman announced that PNB will be merged with Oriental Bank of Commerce (OBC) United Bank.

India’s BPCL Buys American Oil Headed To China, Diverted After Tariffs

Beijing announced it would impose the 5 per cent levies — the first ever Chinese tariffs on US oil — on August 23 and they took effect September 1.

Foreign Investment Inflows To Remain Under Pressure: India Ratings

Ind-Ra believes the shift in global monetary policy conditions to a relatively “accommodative” stance is unlikely to revive capital flows into India.

Infrastructure Spending To Increase To Help Auto Industry: Nitin Gadkari

Nitin Gadkari said new construction projects would generate a demand for automobile construction equipment such as trucks.

NCLT approves JSW Steel’s Rs 19,700 crore bid for Bhushan Power Steel

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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