EOD update 13-06-2019


FDI flows to India grew 6% in 2018 to $42 bn: UN report

PE/VC deals plunge 54% in May to $2.8 b
The dip comes amid data release of sagging GDP growth fuelled largely by a fall in consumption which has been the one of the favourite for investors as well.

Trump admin seeks $30 million Bay of Bengal security funding from Congress

Huawei files to trademark mobile OS around the world after US ban

China is confident of keeping yuan basically stable: FX regulator

Jain Irrigation says not defaulted on debt obligation; confident of reducing debt by 2,000 crore
Each of the company’s business in India and overseas has created enormous intrinsic value.

Jet Airways Stock Plunges As Bourse Moves To Limit Speculative Trading

At its lowest in the current trading session, the stock had fallen as much as 65 per cent since the airline shut down its operations in April.

Sugar Production Could Drop 15% As Drought Hits: Report

The monsoon usually covers the cane growing areas of Maharashtra by June 10, but it is yet to arrive this year, weather department data shows.

Indiabulls Housing Shares Rise As Writ Petition Withdrawn

The company said on Wednesday the petitioner had admitted in court that the petition was defective in nature and that he would approach the court after rectifying it.

Reliance Capital Says PWC Observations “Baseless, Unjustified”

Reliance Capital said it was confident that the independent report of the continuing auditor will establish that there are no irregularities

Foreign Investment In India Grew By 6% In 2019: UN Body

The US was the world’s top recipient of FDI with $252 billion and was followed by China, which got $139 billion in FDI

FSSAI proposes ban on junk food advertisements in and around schools
In the draft regulation, FSSAI has defined healthy diet based on some parameters.

CAIT urges govt for lowering GST rates on auto parts, aluminium utensils

Scale Of Indian Market Allowing Google To Develop New Products: CEO

Sundar Pichai also said that India and the US can lead on standardisation of privacy frameworks

FICCI for increasing FDI cap in insurance to 74%
It said that in the insurance sector, FDI cap can be increased from 49 percent to 74 percent.

FDA points out data integrity lapses at Aurobindo Pharma unit
The FDA issued Form 483 with 10 observations to Aurobindo Pharma on the plant which was audited by the US drug regulator between May 13 and May 24.

Adani Australia coal mine clears last hurdle, to start construction in a few weeks
State government gives go-ahead to coal mine project on Thursday, after federal approval earlier.

Shadow Banks Liquidity, Bad Debt Issue Figure In Pre-Budget Meet

A Finance Ministry statement also said that capital infusion in PSBs and a separate bond exchange were among the other issues discussed

Centre to provide Rs 70,000-crore boost to rural roads: Report
The project would seek to build roads spanning to 125,000 km, 40 percent of which would be funded by the states and the remaining by the centre.

SBI Doesn’t Need Any Capital From Government: Chairman Rajnish Kumar

In March, SBI raised Rs 1,251 crore in bonds to boost its additional Tier 1 capital ratio. Its board has extended the deadline to raise Rs 20,000 crore till March next year.

India ad spend likely to be Rs 697 billion in 2019: Report
The 2019 estimate is up from January’s projection of 10.6 percent growth in ad spend, and 10.8 percent in 2018, the report said.

Vibes from employees, clients, shareholders and board revalidate my optimism about Yes Bank: Ravneet Gill
Yes Bank CEO talks about resignation from board, loan book and raising capital to meet liquidity needs

Brexiteer Boris Johnson far ahead in first round of contest to replace UK PM

Alibaba files for Hong Kong listing that may raise $20 billion as soon as third quarter: Source

Government Alleges Audit Violations By Deloitte, KPMG Arm In Fraud Case

The auditing firms gave clean audit reports and “deliberately” failed to report fraudulent activities at IFIN, said a 214-page tribunal filing.

Tata Sponge board approves rights issue of Rs 1,650 crore

Sebi tightens disclosure norms for credit rating agencies

UBS global chief economist grilled in China for comment on pigs

Facebook To Buy Stake In E-Commerce Start-Up Meesho

Meesho has raised more than $65 million in funding and counts Shunwei Capital and DST Partners among its backers

Reliance Nippon Life AMC’s OFS oversubscribed by 2.50 times

Traders Body Releases White Paper On GST, Asks For Lower Rates

The body also suggested a review of items placed under different tax slabs under Goods and Services Tax (GST) as many of them are overlapping

ESI contribution rate cut to 4% from 6.5%, first reduction in 22 years

Telecom Panel Defers Decision On Telecom Companies Penalty: Report

The Telecom Regulatory Authority of India in October 2016 recommended imposing a total penalty of Rs 3,050 crore on Airtel, Vodafone, and Idea for allegedly denying interconnectivity to Jio

Sebi Tightens Credit Rating Norms After Defaults, Downgrades

Sebi also asked credit rating agencies to disclose in their press release factors to which a rating is sensitive.

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.

Leave a Reply