EOD Update 17-07-2019


US House votes to block Donald Trump bid to ease small-arms exports

https://www.moneycontrol.com/news/world-news/us-house-votes-to-block-donald-trump-bid-to-ease-small-arms-exports_12758141.html

Ethanol to be central issue in India-Brazil meeting: Industry group

https://www.moneycontrol.com/news/current-affairs/ethanol-to-be-central-issueindia-brazil-meeting-industry-group_12758161.html

Strides Pharma Science Shares Drop On US Drug Regulator’s Warning Letter

US FDA had inspected Strides Pharma’s drug manufacturing facility in Puducherry from January 28 to February 5, 2019 and said that the company was caught trying to dispose quality-control records.

Government will not ban petrol and diesel vehicles completely – oil minister Dharmendra Pradhan

https://www.moneycontrol.com/news/wheels/government-will-not-ban-petroldiesel-vehicles-completely-oil-minister-dharmendra-pradhan_12759281.html

Agro Tech Foods Standalone June 2019 Net Sales at Rs 197.64 crore, up 0.29% Y-o-Y

https://www.moneycontrol.com/news/results/agro-tech-foods-standalone-june-2019-net-sales-at-rs-19764-crore029-y-o-y_12759161.html

VM Standalone June 2019 Net Sales at Rs 23.04 crore, down 48.77% Y-o-Y

https://www.moneycontrol.com/news/results/vm-standalone-june-2019-net-sales-at-rs-2304-crore-down-4877-y-o-y_12759181.html

Agro Tech Foods Consolidated June 2019 Net Sales at Rs 197.69 crore, up 0.28% Y-o-Y

https://www.moneycontrol.com/news/results/agro-tech-foods-consolidated-june-2019-net-sales-at-rs-19769-crore028-y-o-y_12759221.html

Government Plans To Auction 41 Coal Blocks “Very Shortly”: Prahlad Joshi

Union Minister Prahlad Joshi said a number of important steps have been taken to augment and monitor coal dispatches to power plants.

Wipro Shares Flat Ahead Of Earnings Announcement

Wipro stock price: Wipro shares moved in a range of Rs 258.10-Rs 262.80 on the NSE, as against their previous close of Rs 260. On the BSE, Wipro shares opened 1.04 per cent higher at Rs 262.75, and…

Report On Transfer Of RBI Funds To Be Submitted “Very Soon”: Report

The reserve panel has suggested transfer of funds from RBI in tranches over 3-5 years, according to the report

Azim Premji-Backed Software Startup Latest Indian Tech Unicorn

Icertis, which competes with SAP SE and Oracle Corp. to help businesses manage contracts in the cloud, has raised $115 million, propelling it to unicorn status

Wipro Reports Profit Of Rs 2,388 Crore In June Quarter

Wipro had in April this year reported a net profit of Rs 2,483.5 crore for the last quarter of financial year 2018-19.

Nielsen India lowers 2019 FMCG industry growth to 9-10% from 11-12%
Rural growth is slowing down double the rate of urban in recent quarters

Yes Bank June Quarter Net Profit Slumps 91% On Higher Provisioning

Yes Bank profit slumped to Rs 113.76 crore in June quarter from profit of Rs 1,260.36 crore in the same period last year.

  • Dhanlaxmi Bank Q1 profit at Rs 20 crore
  • Govt may cap overseas borrowing at $5 billion this year
  • AB Money Standalone June 2019 Net Sales at Rs 44.70 crore, up 9.85% Y-o-Y
  • Menon Bearings Standalone June 2019 Net Sales at Rs 40.62 crore, down 11.26% Y-o-Y
  • SEBI chairman writes to PMO, FinMin to reconsider Budget proposal on reserve fund transfer
  • Ebix set to snap up Yatra for Rs 2,314 crore

Budget Ensures Vigilance, Liquidity For Shadow Banks: India Ratings

According to India Ratings, the proposed framework will help in tackling the contagion risk by the regulator especially for extreme cases.

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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