EOD Update 16-07-2019


Bajaj Consumer Q1 consolidated net profit up 8.9% at Rs 56.7 cr Vs Rs 52.1 cr (YoY)

Brigade Group approves pref issue of 43 lk warrants for Rs 115 cr. Brigade Ent board recommends bonus issue.

June Business Sentiment Lowest Since 2016: Report

Country is staring at a deficit monsoon this year, raising concerns over output of summer-sown crops in a nation where 55%of arable land is rain-fed.

China Second Quarter GDP Growth Slows To 27-Year Low

China has already slashed RRR six times since early 2018 to free up more funds for lending, and analysts polled by Reuters forecast two more cuts by the end of this year

RBI Imposes Rs 7 Crore Penalty On State Bank Of India For Violating Rules

The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms

Trade Deficit Narrows To $15.28 Billion In June

Merchandise exports fell 9.71 per cent to $25.01 billion in June compared with a year earlier

Tata Metaliks Q1 profit at Rs 19.62 crore
Total income was however higher at Rs 503.43 crore as compared to Rs 469.02 crore in April-June 2018.

Adani Port likely to raise $650 million via bond sales
The purpose of the five-year bonds is to refinance high-cost debt. Pricing terms are not final yet.

HDFC AMC Q1 profit jumps 42% YoY to Rs 292 crore
Revenue from operation increased 7.03% YoY to Rs 504.39 cr in Q1FY19 over Rs 471.23 cr in Q1FY18.

Federal Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,154.17 crore, up 17.77% Y-o-Y

DHFL Lenders To Take Haircuts As Part Of Restructuring Plan: Report

DHFL, however, said it was working with stakeholders and creditors to ensure a resolution plan without its lenders having to take a haircut

Network18 Media and Investments Q1 loss widens to Rs 128 crore

Bad Loans Down At Rs 9.34 Lakh Crore In 2018-19: Nirmala Sitharaman

The NPAs of scheduled commercial banks (SCBs), reached a peak of Rs 10,36,187 crore as on March 31, 2018

Oyo Buys Shared Office Startup Innov8 For $30 Million

Oyo will buy Innov8 for $30 million in an all-stock deal, a person with knowledge of the development said.

Rakesh Gangwal Won’t Sell IndiGo Stake In Feud With Rahul Bhatia

“I am here for the long haul,” Mr Gangwal, who has accused Mr Bhatia of corporate governance lapses told Bloomberg.

Government To Launch Rules To End Gas Distributors’ Monopoly In 34 cities

The move could affect the business of GAIL (India) Ltd, formerly known as Gas Authority of India Ltd, the biggest gas distributor in the country.

India’s Hedge Funds Threatened by Higher Taxes

The Securities and Exchange Board of India, or SEBI, has always been suspicious of the source of capital for hedge funds investing in India from Singapore or Hong Kong.

Vedanta To Invest Rs 20,000 Crore In New Oil Blocks

Vedanta had won a total of 53 oil and gas blocks under the government’s open acreage licensing policy (OALP) and Discovered Small Field (DSF) rounds.

IL&FS Engineering’s joint statutory auditor resigns

https://economictimes.indiatimes.com/markets/stocks/news/ilfs-engineerings-joint-statutory-auditor-resigns/articleshow/70246657.cms

Rupee Falls Against Dollar As Exports Decline In June

Foreign institutional investors (FIIs) remained net sellers in the equity markets. FIIs sold shares worth Rs 444.99 crore on Tuesday

Rs 10 crore penalty on 3 Gurgaon builders: NGT refuses to review order

https://www.moneycontrol.com/news/current-affairs/rs-10-crore-penalty3-gurgaon-builders-ngt-refuses-to-review-order_12757201.html

Snapdeal narrows loss to Rs 186 crore in FY19

https://www.moneycontrol.com/news/startup/snapdeal-narrows-loss-to-rs-186-crorefy19_12757181.html

Jay BharatMarut Standalone June 2019 Net Sales at Rs 442.93 crore, down 12.45% Y-o-Y

https://www.moneycontrol.com/news/results/jay-bharatmarut-standalone-june-2019-net-sales-at-rs-44293-crore-down-1245-y-o-y_12757241.html

DCB Bank Standalone June 2019 Net Interest Income (NII) at Rs 304.75 crore, up 11.64% Y-o-Y

https://www.moneycontrol.com/news/results/dcb-bank-standalone-june-2019-net-interest-income-(nii)-at-rs-30475-crore-1164-y-o-y_12757261.html

5paisa Capita Standalone June 2019 Net Sales at Rs 22.86 crore, up 152.31% Y-o-Y

https://www.moneycontrol.com/news/results/5paisa-capita-standalone-june-2019-net-sales-at-rs-2286-crore15231-y-o-y_12757281.html

MCX India Standalone June 2019 Net Sales at Rs 78.79 crore, up 8.12% Y-o-Y

https://www.moneycontrol.com/news/results/mcx-india-standalone-june-2019-net-sales-at-rs-7879-crore812-y-o-y_12757301.html

Next Mediaworks Consolidated June 2019 Net Sales at Rs 13.11 crore, down 21.64% Y-o-Y

https://www.moneycontrol.com/news/results/next-mediaworks-consolidated-june-2019-net-sales-at-rs-1311-crore-down-2164-y-o-y_12757321.html

Centre Seeks Over $1 Billion Investment With New Oil Block Auction

The government awarded 32 blocks in the latest two exploration licensing rounds called the open acreage licensing policy

Suzlon Defaults On Bond Payment, In Talks To Sell Stake: Report

The company said it had not paid $172 million on an outstanding foreign currency convertible bond (FCCB) that was due on Tuesday

No Change In Income Tax Return (ITR) Forms, Says Government

The tax department also said that over 1.38 crore entities have already filed their income-tax returns till now

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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