EOD update 12-06-2019

Govt asks NHAI, states to avoid building highways through wildlife sanctuaries

Tur import limit doubled to 4 lakh tonnes for pvt traders till October; NAFED to sell 2 lakh tonnes from buffer: Govt

RBI to pump in Rs 15,000 cr liquidity Thursday
The participants have to submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

NBFC situation fragile after DHFL, Rel Cap downgrades: Morgan Stanley
The brokerage said markets remain concerned about wholesale real estate loans.

ED summons IL&FS’ auditors in money laundering case
They have been asked to bring certain documents pertaining to the audit which are relevant to the probe.

Misappropriation case in SC causes Indiabulls m-cap to shrink Rs 5,300 crore
The groups flagship company Indiabulls Housing fell 8 per cent to Rs 675.

Adani Green adds 2% as promoters offer stake worth Rs 403 crore
The scrip will be available for Rs 43 per share, and the total value of the stake offered will be Rs 403 crore.

YES Bank down 3% on Moody’s review, independent director’s resignation
Mukesh Sabharwal, chairman of the nomination and remuneration committee of the bank.

Ramdev’s Patanjali Slides On Sales After Series Of Missteps: Report

Customers were snapping up Patanjali Ayurved’s affordable, Indian-made products such as coconut oil and Ayurvedic remedies, in a mounting threat to foreign companies that had bet big on India.

Cabinet may consider fresh bill to ban instant triple talaq today
With the dissolution of the 16th Lok Sabha last month, the contentious bill had lapsed as it could not be passed by Parliament and was pending in Rajya Sabha.

Govt may cap gifts received by individuals to prevent misuse of customs norms

Spooked public investors reach fork in risky road as asset growth slows
Growth in assets held by public sector institutions slowed to $1.4 trillion or 3.7 per cent.

Indiabulls Housing Moves Supreme Court For Listing Of Plea Against It

The petition has alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their personal use.

Parag Milk Foods eyes Rs 160 crore revenue in FY20
The company now has three plants in Maharashtra, Andhra Pradesh and Haryana with a total processing capacity of 2.9 million litres per day.

Paytm to invest Rs 250 cr to expand Paytm QR
Paytm had introduced QR code-based payments to enable merchants, irrespective of the size of their business, to receive money directly into their bank account.

Price Waterhouse Quits As Auditor Of Anil Ambani’s Reliance Capital

The development adds to the mounting list of woes faced by Anil Ambani as he struggles to meet the companies’ loan repayments.

Union minister Piyush Goyal appointed Deputy Leader of House in Rajya Sabha
Piyush Goyal is currently a Rajya Sabha member from of Maharashtra.

Varun Beverages shares gain ahead of board meeting for bonus issue

RBI Panel Defers Reserves Report For Third Time

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April

Bigger NBFCs should be given RBI pipeline for emergency funding, says George Alexander Muthoot
The effect of the rate cut has not translated or come to NBFCs., says Muthoot Finance MD.

RBI Panel Defers Reserves Report For Third Time

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April

Saudi Aramco reports 2018 net income of $111.1 billion
Total assets jumped to $358.9 billion.

PFC raises $1 billion through international bond issue

Reliance Capital Shares Tumble After Auditor Resigns

Reliance Capital is an NBFC owned by Anil Ambani, a business tycoon who has struggled with burgeoning debt in many of his group companies lately

Co-living has potential to grow to a $93 billion market in India: Survey

National Stock Exchange To Remove Jet Airways Shares From Daily Trading

Shares of Jet Airways have more than halved since the airline shut down its operations in April after its lenders refused to bail it out

Lodha Group, ESR in 50:50 JV to develop $100mn industrial park

Union Cabinet approves Triple Talaq Bill, to be introduced in upcoming session of Parliament

Financial services to add 47,800 new jobs in April-September FY20

Cabinet approves SEZ amendment bill to replace ordinance

National Health Authority inks MoU with Quality Council of India

Lack of final loan ratings prevented LIC from buying DHFL papers in January

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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