EOD Update 10-07-2019

TCS Consolidated June 2019 Net Sales at Rs 38,172.00 crore, up 11.42% Y-o-Y

Sebi Seeks Details From IndiGo On Promoter Complaints By July 19

One of the promoters Rakesh Gangwal has Sebi”s intervention in addressing his grievances, InterGlobe Aviation said in a regulatory filing on Tuesday.

Not Targeting Foreign Portfolio Investors: Report

The government had in the Budget proposed to increase the surcharge, charged on top of the applicable income tax rate

India To Face Fiscal Challenges Despite Lower Deficit Target: Moody’s

The Budget presented on July 5 targeted a slightly lower deficit of 3.3% of the GDP for 2019-20 than what the authorities had predicted in February

IndiGo Promoter Rakesh Gangwal Flags Serious Governance Issues

Rakesh Gangwal along with his affiliates holds around 37 per cent stake in InterGlobe Aviation, the parent of the country’s largest airline IndiGo

Centre Working On Sovereign Benchmark For Overseas Debt: Sanjeev Sanyal

Principal Economic Advisor Sanjeev Sanyal also said there is need to reduce the spread between lending and deposit rates

Sebi fines individual Rs 10 lakh for non-compliance with its directive

Sugar mills disinvestment scam case: CBI searches premises of former secy to Mayawati

REC’s exit from Nifty CPSE sparks selloff

IndiGo Hits Lowest Since March As Co-Founder Alleges Misgovernance

InterGlobe shares hit their lowest since March and were on course for their worst day since January 2016.

Billionaire Founders Of IndiGo Intensify Feud, Stock Drops 19%

IndiGo plunged as much as 19.24 per cent to Rs 1,264.85 in Mumbai trading Wednesday to its lowest level in almost three months.

Walmart Got a $10 Billion (Happy) Surprise After Buying Flipkart

Walmart debated for months whether to keep funding the payments business internally or whether to separate the operation so it could raise outside funds.

India 10-Yr Govt Bond Yield Falls To 6.53% Vs 6.61% Of Day’s High India 10-Yr Bond Yield Falls To Lowest Since Sep 8, 2017

Manpasand Beverages locked at 5% lower circuit after auditors resign
Manpasand said it has received a resignation letter, on July 8, from Statutory Auditors Mehra Goel & Co, Chartered Accountants

Issues Between Promoters Have Nothing To Do With IndiGo: CEO To Employees

IndiGo CEO Ronojoy Dutta said the issues between the promoters will eventually get sorted and have nothing to do with the airline’s functioning.

Car Sales Down 17% In June, 8th Straight Month Of Declines: Industry Body

For the quarter ended June 30, vehicle sales across all categories declined by 12.35 per cent to 60,85,406 units

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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