EOD UPDATE 17-06-2019

US chipmakers quietly lobby to ease Huawei ban: Sources

Huawei prepares for 40%-60% fall in international smartphone shipments: Report

ADB approves Rs 1,650 cr infrastructure projects in Tripura
The ADB will provide Rs 1,650 crore, out of which 80 per cent will be grant-in-aid and the state will have to repay 20 per cent loan in due course of time, he said.

Higher Deduction Against Home Loan Interest To Boost Realty Sector: FICCI

It is recommended the exemption should be increased to at least Rs 3 lakh per annum, according to Ficci.

Piramal Enterprises sells entire stake in Shriram Transport Finance for approximately Rs 2,305 cr

Yashovardhan Birla Declared Wilful Defaulter By UCO Bank

UCO Bank said the account was declared a non-performing asset (NPA) on June 3, 2019.

Reliance Infrastructure plunges 11% after reporting loss in Q4FY19
The Group has written off its entire investment in Reliance Naval

Alibaba proposes one-to-eight stock split ahead of up to $20 billion Hong Kong listing

SEBI may rework debt fund categorisation norms to lower credit risk

Reliance Capital sells 10.75% stake in RNAM for Rs 1,450 crore

Huawei CEO Ren Zhengfei expects sales at $100 billion in 2019, 2020
The firm was put on a US blacklist last month that bars it from doing business with American tech firms.

Industry, Government Finances At Graver Risk From Drought: Experts

The economy, reeling under a consumption slowdown owing to farm distress, stagnant wages and high interest costs, will be hit hard by such a weather phenomenon.

Bharti AXA General Insurance posts Rs 3 crore profit in FY’19

Government May Reintroduce Of Infra Tax-Free Bonds In Budget: Report

In infra, it is the highways where the government had increased allocation by 6 per cent and set aside Rs 83,000 crore for the 2019-20 interim Budget

RBI committed to make NBFC sector financially resilient & robust: Governor
RBI will not hesitate to take any required steps to maintain financial stability, Das said.

Yes Bank plans to raise $1.2 billion to boost capital, CEO says
“The number one priority would be raising capital,” Gill said in an interview on Monday.

Maharashtra Economic Survey Pegs State Growth At 7.5% In 2018-19

According to Economic Survey, the service sector has shown a growth of 1 per cent over last year. It is estimated at 9.2 per cent for year 2018-19.

Summer Crop Sowing Delayed By 2 Weeks On Slow Monsoon Progress

Fitch Cuts India Growth Forecast To 6.6% For 2019-20

India’s GDP growth declined for the fourth consecutive quarter in January-March, with the economy expanding by 5.8 per cent

Budget: Industry Body Pitches For Electric Vehicle Priority Lending

India has so far been rather slow in adopting green vehicles for reasons ranging from poor infrastructure, low speed to unaffordable prices.

Jet Airways’ Lenders To Take Airline To Bankruptcy Court

Once India’s biggest private carrier, Jet Airways was forced to stop flying in April after running out of cash.

Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal

Government Releases New Income Tax Compounding Rules

CBDT has issued a revised 32-page guideline for ‘compounding of offences under direct tax laws, 2019’ which will be executed under the I-T Act, 1961

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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