EOD Update 07-06-2019

Textile industry aims to become $350 billion by 2025

PE firms NY Jacob Ballas, others start process to sell 31.5% in SRL

Rs 2,700-crore deal: Indiabulls to exit realty biz with sale of Sameer Gehlaut’s stake

Corporation Bank files insolvency pleas against Nirav Modi companies

Brexit Party fails to win first seat in UK by-election
Prime Minister Theresa May is stepping down after delaying Brexit twice as she tried and failed to get her EU divorce deal through parliament.

SEBI notice to top funds, brokerage over insider trade: Manappuram shares crash
SEBI has served a show-cause notice on the companys top management, suggests reports.

Japan business card app operator Sansan prices IPO at top of range, raises $360 million

BNP Paribas MF Suspends Fresh Subscription In 6 Debt Funds Effective June 6 Subscription Suspended For BNP Paribas Low Duration Fund, Substantial Eq Hybrid Fund

SBI is transmitting 65 bps of total 75 bps rate cut to CCOD customers: Prashant Kumar
We have already passed on MCLR cut of almost 10 bps in the past, says SBI MD

Stress on DHFL highlights funding risk in NBFCs: Fitch
NBFC’s liquidity is sensitive to market sentiment as their business models rely on short-term wholesale funding.

UTI Mutual Fund fully writes off DHFL exposure
UTI Mutual Fund’s exposure to DHFL securities through schemes is highest in the industry.

Ramky Infra bags Rs 494-cr project from Rajiv Gandhi Rural Housing Corp

Exim Bank pegs 2.5% growth in Q1 exports
Non-oil exports are expected to grow 4.2 per cent to USD 73 billion in Q1

Reliance Seeks Three LNG Cargoes For July, September, October: Report

Last week the company sought one cargo for August 10-15 delivery, which a third source said was awarded at $4.45 to $4.55 per million British thermal units.

India Likely To Receive Lower Rains In June: Weather Office

The weather office has said that monsoon rains are likely to enter India through the southern coast around June 8, delayed by nearly a week.

RBI must ensure rupee export credit at repo rate: EEPC India

Corporate Affairs Ministry, Sebi to start automatic data exchange

US employers add a weak 75,000 jobs; unemployment stays 3.6%

Banning Huawei would cost EU telcos up to 55 bn euros: Industry body

UTI MF fully writes off DHFL exposure in schemes; expects creditors to take legal action

Cash Deeply Embedded In Payment Systems In India: RBI

Demonetisation and an active growth in GDP brought down the active cash in circulation as a percentage of GDP to 8.7 per cent in 2016.

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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