EOD Update 14-05-2019


Passenger Vehicle Sales Dip 17% In April: SIAM Data
Vehicle sales across categories registered a decline of 15.9 percent year-on-year, according to SIAM data.

Oil prices edge up, but US-China trade tensions cap gains
Brent crude futures were at $70.27 a barrel at 0104 GMT, up 6 cents, or 0.1%, from their last close. Brent ended the previous session little changed.

Donald Trump seeks extra $1.6 billion in NASA spending under goal of returning to moon
The increased funding request, announced by President Donald Trump on Twitter, comes nearly two months after Vice President Mike.

SEBI sends notice to HDFC, Kotak MFs, questions pact with Essel
This would be the first time Sebi has questioned the pact between fund houses and Essel.

Trade spat wipes out $1 trillion from global stock-market values
Trade tensions have sent US stocks lower in five of the past six sessions.

Gold retakes $1,300 on China tariff retaliation
US gold futures also inched 0.1 per cent higher to $1,302.40 an ounce.

Donald Trump remains adamant despite Chinese tariff retaliation
US President Donald Trump remained adamant on his policy to impose a hefty import duty on Chinese products, which has result.

Bitcoin tops $8,000 as it hits highest since July 2018
There is no real fundamental explanation as to why bitcoin, the original cryptocurrency, hit a 10-month high on Monday.

British telco giant Vodafone offloads New Zealand business to Brookfield, Infratil
The deal comes a day after dairy group Fonterra sold its New Zealand Tip Top ice cream business to an overseas buyer, a sale.

NBFCs facing liquidity crunch call for ease in securitisation norms
The NBFC sector wants securitisation guidelines to be amended to do away with the prescribed minimum holding period and minimum.

‘Deficient’ audit: IL&FS board sends show-cause notices to Deloitte arm, BSR
Removal of Deloitte arm as tax auditor is being seen as the first ‘punitive action against auditors in IL&FS crisis.

Donald Trump and Xi Jinping to meet after defiant China hits US with new tariffs

SEBI sends notice to HDFC, Kotak MFs, questions pact with Essel
This would be the first time Sebi has questioned the pact between fund houses and Essel.

Jet Airways CFO Amit Agarwal steps down
The airline did not mention a replacement for Agarwal, who had joined Jet in 2015 as its CFO.

India 2019/20 sugar output to decline 8.4%: US Department of Agriculture

Nirlon Standalone March 2019 Net Sales at Rs 76.95 crore, up 3.59% Y-o-Y

Jaiprakash Pow Standalone March 2019 Net Sales at Rs 770.96 crore, up 9.95% Y-o-Y

Automotive Axle Standalone March 2019 Net Sales at Rs 481.09 crore, up 2.56% Y-o-Y

Walchand People Standalone March 2019 Net Sales at Rs 5.51 crore, down 29.86% Y-o-Y

Wholesale Inflation At 3.07% In April

The RBI, which tracks consumer inflation primarily to formulate its monetary policy, last month decided to reduce the repo rate by 25 basis points to 6 per cent – a level last seen in May 2018.

Just Dial Standalone March 2019 Net Sales at Rs 232.26 crore, up 15.86% Y-o-Y

INOX Leisure Consolidated March 2019 Net Sales at Rs 478.84 crore, up 47.97% Y-o-Y

Vodafone CEO Nick Read Slashes Dividend To Tackle Debt Burden

The company cut the full-year dividend to 9 eurocents a share from 15.07 eurocents in its financial 2018 year and below the 14.55 eurocents that had been expected

Ceat, Apollo and MRF to invest Rs 5,400 crore in FY20
Though SIAM has predicted a muted growth for FY20 for most of segments, tyre companies are upbeat on volume outlook.

Bank of Baroda: Sets Issue Price At Rs 117.56/Share For Issuance To Govt On Perf Basis

Lawsuit Against Aurobindo Pharma, Other Drug Makers Filed In US

Aurobindo said it does not anticipate that these matters will have a material impact on the its operations or business results.

Perfect Pack Standalone March 2019 Net Sales at Rs 19.85 crore, up 1.29% Y-o-Y

Polycab Standalone March 2019 Net Sales at Rs 2,431.19 crore, up 15.76% Y-o-Y

Edelweiss Financial Q4 net profit falls 3.3 pc to Rs 232 cr; FY19 net up 15 pc

India Fears US-China Trade War Will Lead To Steel Dumping: Report

India, the world’s second-largest steel producer, turned net importer in the year ended March 31, 2019 after a gap of three years.

Monsoon Rains To Arrive On Southern Coast On June 4: Skymet

Rains usually lash Kerala state around June 1 and cover the whole country by mid-July. Timely rains trigger planting of crops such as rice, soybeans and cotton.

GEECL net rises 57% in FY19 to $9.93 million

MRPL profit down 41 pc in Q4 on lower refinery margins

MCX crude oil options register turnover of Rs 716 crore

Endurance Techn Standalone March 2019 Net Sales at Rs 1,340.60 crore, up 5.37% Y-o-Y

ATV Projects Standalone March 2019 Net Sales at Rs 10.85 crore, down 44.36% Y-o-Y

Bhagiradh Chem Standalone March 2019 Net Sales at Rs 116.32 crore, up 158.71% Y-o-Y

Guj Intrux Standalone March 2019 Net Sales at Rs 12.70 crore, up 4.32% Y-o-Y

HOEC Standalone March 2019 Net Sales at Rs 71.42 crore, up 207.4% Y-o-Y

Lumax Inds Standalone March 2019 Net Sales at Rs 432.65 crore, down 22.61% Y-o-Y

Sam Ind Standalone March 2019 Net Sales at Rs 2.14 crore, down 24.85% Y-o-Y

Bansisons Tea Standalone March 2019 Net Sales at Rs 0.14 crore, down 40.26% Y-o-Y

Jindal Hotels Standalone March 2019 Net Sales at Rs 10.78 crore, up 6.94% Y-o-Y

Sangam Renewabl Standalone March 2019 Net Sales at Rs 2.47 crore, up 177.89% Y-o-Y

Citigroup Looks To Vastly Expand India Reach With Paytm Tie-Up

The new card should help Paytm stay a step ahead of rivals in the fiercely competitive digital payments market in India.

Union Bank net loss widens to Rs 3,370 crore in Q4 on higher provisioning

Nestle Q1 profit up 9% at Rs 463 crore

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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