EOD Update 11-07-2019


Government Committed To Path Of Fiscal Consolidation: Nirmala Sitharaman

The Finance Minister she speaking in the Lok Sabha on the Union Budget Budget 2019 presented last week.

Govt bans pro-Khalistani group Sikhs for Justice for anti-national activities

FDI rises 3% to $6.95 bn in April: Piyush Goyal

https://www.moneycontrol.com/news/business/fdi-rises-3-to-36695-bnapril-piyush-goyal_12734881.html

Education Start-Up Byju’s Raises $150 Million In Funding

Launched in 2015 in Bengaluru, Byju’s has so far raised roughly $970 million from investors

IndiGo Co-Founder Rahul Bhatia’s Firm Denies Unfair Transactions Charges

Amid the spat between the promoters, shares of InterGlobe Aviation plunged over 11% on Wednesday wiping out Rs 6,423 crore from its market valuation

Tiger Global Fuels India’s Startup Boom, Examining “A Dozen Deals”

The ultra-secretive New York-based hedge fund has closed investments in at least half of these startups — nearly all of them in fintech or enterprise software segments.

Sebi has no mandate to raise revenue for govt: Staff

https://economictimes.indiatimes.com/markets/stocks/news/sebi-has-no-mandate-to-raise-revenue-for-govt-staff/articleshow/70167698.cms

1,701 NBFC licences cancelled in FY19 as RBI cracks the whip

https://www.moneycontrol.com/news/business/1701-nbfc-licences-cancelledfy19-as-rbi-crackswhip_12736401.html

Anil Ambani Plans Rs 21,700-Crore Asset Sales To Cut Massive Debt: Report

Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects

Saudi Aramco-backed Ratnagiri refinery may be shifted to Raigad

https://www.moneycontrol.com/news/business/saudi-aramco-backed-ratnagiri-refinery-may-be-shifted-to-raigad_12737321.html

Govt preparing Rs 14,000 crore project to identify accident black spots

https://www.moneycontrol.com/news/politics/govt-preparing-rs-14000-crore-project-to-identify-accident-black-spots_12737441.html

GTPL Hathway Standalone June 2019 Net Sales at Rs 312.05 crore, up 59.59% Y-o-Y

https://www.moneycontrol.com/news/results/gtpl-hathway-standalone-june-2019-net-sales-at-rs-31205-crore5959-y-o-y_12737361.html

HFCL Standalone June 2019 Net Sales at Rs 1,200.61 crore, up 16.3% Y-o-Y

https://www.moneycontrol.com/news/results/hfcl-standalone-june-2019-net-sales-at-rs-120061-crore163-y-o-y_12737381.html

Gagan Gases Standalone June 2019 Net Sales at Rs 0.12 crore, down 14.29% Y-o-Y

https://www.moneycontrol.com/news/results/gagan-gases-standalone-june-2019-net-sales-at-rs-012-crore-down-1429-y-o-y_12737401.html

Indian Acrylics Standalone June 2019 Net Sales at Rs 221.10 crore, up 38.18% Y-o-Y

https://www.moneycontrol.com/news/results/indian-acrylics-standalone-june-2019-net-sales-at-rs-22110-crore3818-y-o-y_12737421.html

Would Ensure Air India Is Purchased By Indian Entity: Aviation Minister

To a question on the decline of the domestic civil aviation market, the minister said that it is only a ”narrative” that the market is declining

Now, read full story at several websites.

As Federal Reserve Cut Looms, HSBC Favours China Shares Over India

Shanghai shares have gained 17 per cent so far this year. But they slid about 7.6 per cent between early May and early June as the US-China trade war re-escalated

Karnataka LIVE: SC refuses urgent hearing of Speaker’s plea rebel MLAs leave for Bengaluru

IndiGo Shares Fall 9%, Set To Finish Lower For Third Straight Day

The IndiGo shares were set to finish lower for a third session in a row. In the past two sessions, IndiGo shares had declined 10.99 per cent on the Bombay Stock Exchange.

India To Receive Below-Average Monsoon Rains In Next Two Weeks

India is likely to get below-average rainfall in the next two weeks with a large deficit in the soybean and cotton growing central and western regions.

DHFL to present debt-resolution plan within 7 days
Bankers and bond holders of DHFL met on Thursday to create a resolution roadmap for more than Rs 1 lakh crore of loans under stress.

Flipkart-arm PhonePe may raise $1bn from external investors at a $10 bn valuation
PhonePe was recently authorised by Flipkart’s board to become a separate entity

BSNL Begins Land Monetisation, Fair Valuation At Rs 20,000 Crore

BSNL’s revenue is pegged at around Rs 19,308 crore for 2018-19, compared with Rs 25,071 crore in 2017-18 and Rs 31,533 crore in 2016-17

Rivigo raises $65 million in funding round led by Warburg Pincus, SAIF Partners
The company plans to utilise the funds to further strengthen its technology and network coverage.

Jet Airways Crisis Led To Marginal Hike In Airfare, Says Government

Civil Aviation Minister Hardeep Singh Puri said that as per the prevailing regulations, airfares are neither established nor regulated by the government.

Jet Airways’ Revival Possible Only Under Insolvency Law: Minister

The minister said that the State Bank of India has filed an application under the Insolvency and Bankruptcy Code, which has been admitted by NCLT

Umiya Tubes Standalone June 2019 Net Sales at Rs 2.46 crore, down 56.33% Y-o-Y

Den Networks Standalone June 2019 Net Sales at Rs 281.61 crore, up 3.56% Y-o-Y

Sebi levies Rs 45 lakh fine on Korp Securities for violating market norms

https://economictimes.indiatimes.com/markets/stocks/news/sebi-levies-rs-45-lakh-fine-on-korp-securities-for-violating-market-norms/articleshow/70177456.cms

Vedanta eyes 70% topline growth in 3 yrs on Rs 55,000-cr capex

https://economictimes.indiatimes.com/markets/stocks/news/vedanta-eyes-70-topline-growth-in-3-yrs-on-rs-55000-cr-capex/articleshow/70177371.cms

Delhi HC asks CBI to file report on alleging lobbying by AirAsia to get international flying rights

https://www.moneycontrol.com/news/business/delhi-hc-asks-cbi-to-file-reportalleging-lobbying-by-airasia-to-get-international-flying-rights_12739921.html

Working On Uniform Proposal To Address Homebuyers’ Grievances: Centre

The top court had on asked the Centre to come out with a uniform proposal for all cases to resolve the difficulties being faced by lakhs of home buyers

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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