EOD update 12-04-2019

Stake sale in PNB housing finance arm ‘credit positive’: Moody’s
Upon completion of the sale, PNB will retain a 19.8 per cent stake in PNB Housing Finance.

Aditya Birla Health Insurance ties up with Citibank
The health insurer will offer its products and services to Citibank’s retail customers

BSNL 2018-19 Loss May Have Touched Rs 12,000 Crore: Report

BSNL’s annual loss widened to Rs 7,992 crore for the fiscal year ended March 2018 (2017-18), Telecom Minister Manoj Sinha had told Parliament last December.

Passenger vehicle sales dip 2.96% in March
Domestic car sales declined 6.87 percent to 1,77,949 units during the month as compared to 1,91,082 in March 2018, according to data released by the SIAM.

HDFC Bank Plans To Raise Rs 50,000 Crore Via Debt Issue

HDFC Bank Ltd said on Monday it plans to raise up to Rs 50,000 crore ($7.19 billion) by issuing debt over the next 12 months.

Indian Economy Expected To Grow 7.5% In 2019-20: World Bank

With robust growth, and food prices poised to recover, inflation is expected to converge toward four per cent, said World Bank

March Equity inflows (Including ELSS) comes at Rs 11,756 cr Vs Rs 5,122 cr month-on-month Alert: Equity inflows including ELSS best since October 2018

Govt defers oil block bid deadline by a month to May 15
The government had in January offered 14 blocks in OALP-II bid round and a month later offered another 23 oil and gas blocks and coal-bed methane (CBM) blocks in third round.

Jaguar Land Rover begins Brexit-linked UK plant shutdowns

SIAM urges govt to reduce GST on automobiles to 18%
The industry fears that with the increase in prices, the demand for their products would be impacted.

Gaps In E-Way Bill Reporting Mechanism May Be Closed: Report

Designed as an anti-evasion measure, the e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs 50,000 from one state to another.

Modi pledges $1.44 trillion on infrastructure in re-election bid

Bharti Airtel gets SEBI nod for Rs 24,000 crore rights issue

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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