EOD Update 09-08-2019

FPIs to raise key concerns with Finance Ministry officials
These investors are likely to raise issues such as the recently-introduced tax surcharge.

Oil prices rise on expectations of more Opec output cuts
The minister said the Opec and non-Opec ministerial monitoring committee would meet in Abu Dhabi on Sept. 12 to review the oil market.

Deutsche is no Lehman, has a very robust balance sheet, says CFO
Our commitment to India is very high. We just increased the capital last year by almost Rs 4,000 crore.

Board Meetings Today: BPCL, GAIL, Hindalco, Britannia, Sun TV and SAIL
There are corporate actions that often bring material changes to a company, directly affecting stakeholders.

EY To Probe VG Siddhartha’s Claims In Letter To Board

Almost 36 hours after the Cafe Coffee Day owner went missing, the police recovered his body from the Netravathi river in Karnataka early on July 31.

SoftBank Corp shares top 1,500 yen IPO price for first time
The shares closed 15% below the IPO price on their market debut, their lacklustre performance contrasting with parent SoftBank Group Corp , up 40% this year.

RBI To Cut Interest Rates Again In October And Early Next Year: Poll

The RBI lowered its economic growth forecast for the current fiscal year on Wednesday and said inflation would not breach its medium-term target of 4 per cent in the near-term.

Bharat Ratna for Pranab Mukherjee fitting recognition for his service to nation: PM Modi.

UltraTech Cement Shares Jump After Two-Fold Increase In Q1 Profit

The Mumbai-based cement maker’s revenue rose 15 per cent to Rs.9,795 crore in the first quarter of the current financial year.

Coffee Day plunges 5% as company appoints E&Y to scrutinise books
EY would also scrutinise the books of the company and its subsidiaries, the company said in a filing to BSE.

Uber Reports Record Loss Of $5.2 Billion

The company’s core business, ride-hailing, grew revenue only 2 per cent to $2.3 billion.

UltraTech Q1 volume growth disappoints, rich valuation limits upside.

Tata Chemicals gains 3% on strong Q1 earnings, profit jumps 19% on robust sales
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 21 percent YoY during June quarter, to Rs 592 crore.

Billionaire Co-Founder Of SAP Doesn’t Want His Company To Grow Up

These days, Hasso Plattner sees many a cozy corner in the empire he built, but he isn’t willing to get comfortable and enjoy the extra legroom.

Tata Chemicals Standalone June 2019 Net Sales at Rs 1,031.44 crore, up 3.58% Y-o-Y

Tata Chemicals Consolidated June 2019 Net Sales at Rs 2,896.94 crore, up 4.62% Y-o-Y

Coffee Day to sell IT park in Bengaluru to reduce debt burden.

RBI not done with easing, may cut rates in October and early next year
If RBI does cut again as forecast it would be a repeat of a cutting spree last seen in 2000-01.

General Secretary Sitaram Yechury stopped at Srinagar Airport
Live updates of the situation in J&K after Centre’s move to revoke Article 370 provisions.

In second coming, eBay seeks to tap cross-border opportunities
The San Jose-based eBay on 17 July announced an investment of $165 million in e-commerce marketplace Paytm Mall.

Hindalco Profit Falls 28% To Rs 1,063 Crore In June Quarter

The company said its earnings before interest, tax, depreciation and amortization (EBITDA) fell 13.04 per cent to Rs 3,769 crore in the quarter ended June 30, 2019.

SpiceJet Surges 4% On Reporting Profit Of Rs 262 Crore In June Quarter

SpiceJet’s earnings before interest, taxes, depreciation and amortisation (EBITDA) or operating profit came in at Rs 747.5 crore.

Industry Body To Support Investment In Jammu And Kashmir: Uday Kotak

The centre recently removed special status to Jammu and Kashmir under Article 370 and has carved out two Union Territories (UTs) – Jammu and Kashmir, and Ladakh.

GAIL India Reports Profit Of Rs 1,502 Crore In June Quarter

GAIL shares jumped 2.79 per cent to Rs 125.30 apiece on the BSE after the earnings announcement by the state-run gas distribution company.

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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