EOD Update 09-07-2019

Clarification On Surcharge For Foreign Investors Soon, Says Official

Markets continued to tumbled for the second straight session on Monday with the Sensex plummeting 793 points

TRAI sticks to stance on pricing of spectrum for 5G, other bands

Mutual Funds Outflow At 1.60 Lakh Crore In June: Industry Body

In recent months, the mutual fund industry has been grappling with redemption pressure in the wake of debt crises at various groups, including IL&FS, Essel and DHFL

NHAI signs MoU with NIFF to source funds for highway projects

Right Time To Raise Funds Through Sovereign Bonds: Chief Economic Adviser

The government will study “risks and returns” to raise funds through sovereign bonds, possibly in the second half of the current financial year, said Mr Subramanian at an event in Delhi.

Titan Shares Slump 14% As Consumption Takes Hit In April-June Quarter

Titan Company in a stock exchange filing said April-June quarter witnessed a tough macro-economic environment with consumption being hit.

Zee Media MD Ashok Venkatramani resigns (From Agencies)

Steel Str Wheel Standalone June 2019 Net Sales at Rs 470.59 crore, down 6.01% Y-o-Y

Goa Carbon Standalone June 2019 Net Sales at Rs 138.91 crore, up 11.37% Y-o-Y

GM Breweries Standalone June 2019 Net Sales at Rs 118.63 crore, up 7.46% Y-o-Y

Court Seeks Centre’s Response On Naresh Goyal’s Plea On Look Out Circular

Jet Airways founder Naresh Goyal said he came to know of the LOC on May 25 when he and his wife, Anita, were de-boarded from a flight to Dubai with an onward connection to London.

Hathway Bhawani Standalone June 2019 Net Sales at Rs 1.17 crore, down 1% Y-o-Y

Delta Corp Standalone June 2019 Net Sales at Rs 119.91 crore, up 9.1% Y-o-Y

The Mystery of the ‘Missing’ Rs 1.7 lakh Crore in India’s Budget

Three days after the Union Budget was presented, questions have surfaced over a nearly Rs 2 lakh crore ‘fiscal hole’ in India’s financial accounts.

Billionaire Adani Defends Oz Mine Which Will Feed Indian Power Plants

Mr Adani bought the resource in Australia’s Galilee Basin in 2010 as companies rushed for overseas energy supplies amid forecasts of booming demand.

Right time for India to raise funds through sovereign bonds: CEA
Govt could raise about 10-15% of proposed 7.1 trillion rupees through sovereign bonds.

CARE revises term loan rating to BBB from A (From Agencies)

NTPC terminates coal mining contract with BGR over allegations of corruption
NTPC said it is through the letter intimating BGR of its decision to terminate the project agreement.

BookMyShow to sell stake at $1 billion valuation: Report
Closure of the deal, talks for which are now at an advanced stage, is expected in the next few weeks.

Excel Realty Standalone June 2019 Net Sales at Rs 1.24 crore, down 66.47% Y-o-Y

Reduced intensity of ceasefire violations along LoC after Balakot airstrikes: Report
The change is also due to the increase in use of hotlines between local commanders of both the armies

Jaypee Infra Case: Centre Asked To Make Uniform Proposal For Homebuyers

Supreme Court said the issue concerns lakhs of flat buyers and the centre should give a proposal to resolve it

TCS June Quarter Net Profit At Rs 8,131 Crore; Declares Dividend Of Rs 5

Tata Consultancy Services’ (TCS) net profit rose 0.06 per cent to Rs 8,131 crore compared with net profit of Rs 8,126 crore during the previous quarter.

Vatika repays Rs 420 cr loan to Indiabulls Housing Finance; clears Rs 80 cr HDFC debt
Vatika Group is looking to sell more land parcels and avail lease rental discounting.

Bajaj Finance Shares Bounce Back On Strong Loan Book

Bajaj Finance shares closed 5.52 per cent higher at Rs 3603.35 on the BSE outperforming the Sensex

SEBI directs lndiGo to respond to co-promoter Rakesh Gangwal’s letter
IndiGo’s board has to respond to Gangwal’s letter by July 19.

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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