EOD Update 08-07-2019

Mindtree Ltd CEO Rostow Ravanan Resigns

Executive Chairman Natarajan & COO Parthasarathy Also Resigns.

Anjan Dev Ghosh, Chief Rating Officer from ICRA Limited Questioned By Director ED

Jyotiraditya Scindia resigns as Congress general secretary

Govt duty bound to achieve fiscal deficit of 3% as per law: Nirmala Sitharaman

Germany’s Deutsche Bank To Cut 18,000 Jobs In Major Overhaul

The overhaul, one of several over the past few years, signals that Deutsche is coming to terms with its failure to keep pace with Wall Street’s big hitters such as JP Morgan Chase & Co and Goldman.

HDFC Bank Q1 Update: Loans At Rs 8.3 Lk Cr As On June 30 vs Rs 7.1 Lk Cr YoY

PNB plunges 6% on over Rs 3,800 crore fraud

India could raise $10 billion from first foreign bond sale
“Its a cautious beginning, which we need to make,” Subhash Garg said in an interview.

Govt set to offload 10% each in New India, GIC; 5% in ONGC & Coal India
The govt may also sell up to 5 per cent stake in ONGC and Coal India during 2019-20.

Steve Jobs Was Master At ”Casting Spells” On Workers: Bill Gates

Apple chief design officer Jony Ive who worked at the iPhone maker for almost 30 years decided to move on last month and form an independent design firm called LoveFrom.

Government Aims To Cut Stake In State-Run Firms To Minimum: Report

The government need funds to meet its fiscal deficit target of 3.3 per cent set for this fiscal year to March 2020.

DoT India Moves SC On Vodafone’s Rs 2,100 Cr Bank Guarantee Refund

IL&FS Financial Unable To Service Rs 8.4 Cr Of S/T Deposits

Maruti Suzuki Shares Slide Below Rs 6,000 For First Time In Over 2 Years

Total production – including passenger vehicles and light commercial vehicles – stood at 111,917 vehicles in June 2019, down 15.61 per cent on a year-on-year basis.

Government Sees No Reason To Clarify Higher Tax On Foreign Investors

Domestic markets crashed due to a selloff led by foreign portfolio investors, who now may have to pay higher tax on their income due to the new rules

India imports 7.83 MT finished steel in FY19, says Dharmendra Pradhan
The country had imported 7.48 MT of finished steel in 2017-18.

Govt to soon issue clarification on applicability of surcharge on FPIs
Experts said some FPIs follow trust structure and hence would be classified as AOPs

Fortis Healthcare shareholders approve stake sale of Mauritius hospitals

Govt working to create trust between taxpayer, I-T dept, but due taxes must be paid: CBDT

OYO founder Ritesh Agarwal in talks to buy back shares worth $1.5 billion: Report

Expect Quicker Transmission Of Rate Cut By Banks, Says RBI Governor

During this year, the RBI reduced the key policy rate thrice with an aggregate reduction of 0.75 percentage point in the repo rate.

Rupee Closes Lower At 68.66 Against Dollar

Foreign institutional investors pulled out Rs 401.99 crore on Monday, hitting the rupee sentiment.

India aims to raise Rs 15,000 crore by cutting stakes in 18 firms to 75%: Source

India aims to raise $2.18 billion by cutting stakes in 18 firms to 75%: source

Sterling and Wilson Solar gets Sebi nod for Rs 4,500 crore IPO

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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