EOD update 12-04-2019

Saudi Aramco set to become world’s biggest crude consumer
The company plans to double its refining network

$12 billion bond sale fizzles as sell-off extends
Risk premiums on the oil giants $12 billion of bonds climbed.

Government Directs Aviation Secretary To Review Jet Airways Issues

Cash-strapped Jet Airways on Thursday grounded its services to and from the east and northeast regions. It also suspended its international operations for a day.

Supreme Court directs all political parties to furnish receipts of electoral bonds to EC

Most Asian Currencies Slip Against Dollar On Slowdown Concerns: Report

Preliminary government data for first-quarter gross domestic product released earlier in the day confirmed that the city-state was experiencing its weakest year-on-year growth in almost a decade

Vedanta Resources raises $1 bn via bond issue to cut debt load
The bonds, sold in two tranches, were issued through Vedanata’s subsidiary Vedanta Resources Finance II.

Malaysia-Based Axiata Group Has “Renounced” Its Right To Entitlement Of Vodafone Idea Shares Under The Rs 25,000-Crore Rights Issues: Sources

Infosys March Quarter Net Profit Rises 13% To Rs 4,704 Crore

Infosys board of directors of the company also approved final dividend of Rs 10.50 per share subject to shareholders approval.

Infosys Standalone March 2019 Net Sales at Rs 18,935.00 crore, up 18.46% Y-o-Y

Supreme Court Halts Arcelor Mittal’s Payment To Buy Essar Steel: Report

Bankruptcy court had earlier approved ArcelorMittal’s $6 billion bid for debt-ridden Essar on March 8, potentially ending months of court battles and opening the sector to outsiders.

TCS Reports Profit Of Rs 8,126 Crore For March Quarter

For the quarter ended December 31, TCS had reported a 2.6 per cent sequential increase in net profit to a record Rs. 8,105 crore.

TCS Standalone March 2019 Net Sales at Rs 32,046.00 crore, up 25.33% Y-o-Y

India Becomes Net Steel Importer In 2018/19, First Time In Three Years

Stainless steel producers in India contend that China is shipping product through Indonesia to circumvent an additional import tax that India levied in 2017.

Thermax buys out entire stake of JV partners in TSPX
TSPX has now become a wholly owned subsidiary of Thermax.

TCS declares final dividend of Rs 18 per share
On Friday, TCS reported a 17.70 per cent YoY rise in March quarter profit at Rs 8,126 crore.

Industrial Output Growth Plunges To 20-Month Low In February

The manufacturing sector, which constitutes 77.63% of the IIP, contracted by 0.3 per cent in February as compared to 8.4 per cent expansion a year ago

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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