EOD update 16-04-2019

16th April 2019

Economic Times

Ø Exports grow 11% in March; trade deficit narrows
Ø Jet lenders still undecided on funding; board to meet Tue
Ø Infosys’ digital strategy to curb attrition
Ø Samsung says it sold 2 milion A series smartphones in 40 days, clocks USD 500 million in sales

Business Standard

Ø India’s trade deficit narrows to $10.89 bn in March, exports grow 11%
Ø Trump asks Boeing to rebrand 737 Max in ‘what the hell do I know’ tweet
Ø Wipro Q4FY19 preview: Analysts see dip in margins; modest rise in PAT

Business Line

Ø Net interest margin of NBFCs likely to come under pressure
Ø India’s cotton output to decline to 343 lakh bales in FY19: report
Ø Export of oilmeals rose 31% to Rs 6,222 cr in FY19
Ø Maruti Suzuki retains top slot even in tough FY19
Ø Wockhardt stocks rise; firm says USFDA inspection yields no observations


Ø Firms with turnover over ₹2 cr can now start filing GST audit reports for FY18
Ø IBC cases admitted over RBI circular to continue, says IBBI chief
Ø Lakshmi Vilas Bank to allot near 5% shares to Indiabulls Housing Finance

Financial Express

Ø Gold falls by Rs 200 on muted demand, extends losses for 4th day
Ø Metropolis Healthcare makes a strong stock market debut; lists up 9% from IPO price
Ø SpiceJet shares surge more than 8% on launch of new international flights

Decaan Chronicle

Ø NBFC-MFIs raise Rs 26,000 cr through securitisation in FY19
Ø Rupee drops 25 paise to close at 69.42 vs USD
Ø TCS shares jump nearly 5 pc after Q4 results; m-cap rises by Rs 36,136 cr
Ø Sensex ends 139 pts higher

Wipro Investigating Potential Breach Of Employee Accounts

Wipro said it had retained an independent forensic firm to assist in the investigation

Polycab India’s Shares Surge Over 20% On Market Debut

The stock was trading at Rs 651.5 by 0432 GMT or 11:40 AM IST, compared with the IPO price band’s higher end of Rs 538.

Naresh Goyal Opts Out From Bidding For Jet Airways: Report

Last month, Naresh Goyal and his wife Anita Goyal stepped down from the board of the airline.

Jet Airways Shares Sink Nearly 20% As it Scrambles For Interim Funding

Shares of the debt-laden Jet Airways plunged as much as 18.56 per cent on the BSE, its worst session in over three years, to hit intraday low of Rs 213.20.

I-T Crackdown: I-T Dept Raids Three Aides Of Karnataka Ministers, Including CS Puttaraju & Ravanna Five Residences In Hassan, One In Bangalore & One In Mandya Under Lens Business Premise

Infrastructure has done much better under NDA: Rohan Suryavanshi, Dilip Buildcon
Most people are happy to sell land as they are getting four times the circle rate, says Suryavanshi.

Wipro Reports Net Profit Of Rs 2,483.50 Crore In March Quarter

Wipro, the country’s third largest software services company, on Tuesday reported a net profit of Rs 2,483.5 crore for the quarter ended March 31.

Apple set to invest $500 million in Arcade game service in a bid to develop exclusive titles
Apple also looks to add over 100 new and exclusive games on its new Arcade game service when it launches in October 2019.

A Journey of INR – Indian Rupee by Mr. Suneel Suryavanshi
A must read story

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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