EOD Update 07-07-2019

PNB Detects Rs 3,805 Crore Fraud By Bhushan Power & Steel

Bhushan Power and Steel, was among the first 12 companies referred by the RBI to a bankruptcy court for a debt resolution process under new insolvency law

India says it could raise $10 billion in first foreign bond Sale
PM Modi faces shrinking options to raise funds as a slowing economy crimps tax revenue.

Corporate Earnings, Macro Data To Guide Market Trend: Experts

The Central Statistics Office (CSO) is slated to release the Index of Industrial Production (IIP), Consumer Price Index (CPI) on July 12

Foreign investors pull out Rs 475 crore from Indian markets in first week of July
Prior to this, foreign portfolio investors (FPIs) were net buyers for five consecutive months.

Fuel Price Hike To Have “Very Marginal Impact” On Inflation: Official

Finance Minister Nirmala Sitharaman announced a hike in excise duty and road and infrastructure cess on both the fuels in her Budget speech

Green certificate sales down 22% to 6.98 lakh in June
The trading of RECs is conducted on the last Wednesday of every month.

Aadhaar Can Be Used For Cash Transactions Above Rs. 50,000: Top Official

In order to curb black money, quoting of PAN is mandatory for cash transactions, such as hotel or foreign travel bills, exceeding Rs 50,000.

Sustained Effort Required To Accelerate Electric Vehicles Growth: Experts

Finance Minister Nirmala Sitharaman proposed various tax benefits for EV manufacturing and purchases in the Union Budget 2019-20

Taxman To “Suo Motu” Allot PAN To Those Only Furnishing Aadhaar: Official

While Aadhaar is issued by the UIDAI to a resident, PAN is a 10-digit alphanumeric number allotted by the tax department to a person, firm or entity

Centre May Let State-Run Firms With Lesser Government Stake To Retain Tag

Finance Secretary said the government may amend laws that will allow an entity to retain the PSE tag even in case the government holding below 51%

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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