EOD Update 12-03-2019

No date set for Donald Trump-Xi Jin Ping summit; trade negotiations on: White House

IMF board approves 3-year, $4.2 billion fund for Ecuador

Yatra reviewing Ebix $336-million acquisition offer

Mahindra CIE board approves acquisition of Aurangabad Electricals for Rs 830 cr

Welspun Corp rallies 7% on additional pipe orders from global clients

GMDC jumps 10% after Edelweiss initiates coverage with buy call, sees 22% upside
Edelweiss expects GMDC to surpass the Rs 5,000 crore (3 percent CAGR) EBITDA barrier by FY21.

Bharti Airtel To Lower Direct Stake In Infratel To 18.3%

Airtel will own an 18.3 per cent stake in Infratel after the transfer, down from its current stake of 50.33 per cent.

Bharti Airtel surges 6% post co to sell stake in Bharti Infratel
Bharti Airtel will cut its stake to 18.33 percent from current 50.33 percent in the company

KEC International gains 4% on orders of Rs 1,323 cr across various segments
The cables business has bagged orders of Rs 68 crore for various types of cables/ cabling works.

Pakistan to offer gas fields to foreign explorers, investors: Official

Aviation insurance losses in India at a 5-year high, touches Rs 2,500 crore
A series of major and minor incidents have contributed to the rise in insured losses

Bank of India raises Rs 660 crore by selling shares to employees
The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees.

OYO commits Rs 1,400-crore investment for India and Nepal markets

IPO Market Sees Greenshoots, But Revival Unlikely Until Election

Embassy Office Parks REIT’s IPO consisting of a fresh issue worth up to Rs 5,250 crore, India’s first real estate investment trust listing, will open on March 18, the company said on Tuesday.

Bank of Maharashtra to auction assets of Videocon Group’s Unity Appliances

Blackstone-Embassy to launch India’s first REIT on March 18 to raise up to Rs 4,750 crore

Core Inflation Seen At 5.3-5.4% In February

Annual retail inflation picked up in February to 2.57 per cent

Yes Mutual Fund files offer document with SEBI for overnight scheme

SEBI lifts foreign investment cap in corporate bonds
In June last year, the Securities and Exchange Board of India had mandated that no Foreign Portfolio Investors shall have an exposure of more than 20 percent of its corporate bond portfolio

Jet Airways Grounds Four More Planes, Takes Total To 32

With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

RBI Could Cut Rates Again Despite Inflation Picks Up In February

On April 4, the Reserve Bank of India’s Monetary Policy Committee (MPC) is widely expected to cut the benchmark repo rate for the second straight meeting.

SBI to auction Rs 2,338 crore of NPAs on March 26
The bank is looking to sell all the accounts on a 100 percent cash basis to banks, ARCs, NBFCs and other financial institutions.

Digital medium fuelling growth of Indian media and entertainment industry, will overtake print by 2021
Media and entertainment industry grew 13.4 percent in 2018 over 2017 to reach Rs 1,67,000 crore, a Ficci report stated

Retail Inflation At 2.57% In February, Here’s What Experts Say

Analysts polled by Reuters had forecast February’s annual increase in the consumer price index at 2.43 per cent.

IDBI Bank seeks bids to sell 5 NPAs worth Rs 1,247 cr, to sell Rel Comm, Reliance Telecom loans of Rs 1,056 cr

Trading on ICEX jumps 5-fold to Rs 5,333 crore in 6 months
Trading value of diamonds has climbed a whopping 14 times to Rs 4,531.50 crore in February from about Rs 318 crore six month ago

IDBI Bank seeks bids to sell 5 NPAs worth Rs 1,247 cr, to sell Rel Comm, Reliance Telecom loans of Rs 1,056 cr

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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