EOD Update 18-03-2019

March Of The Bulls World’s Largest MF Shops In India Vanguard Group Picks Up Mid, Small Caps

NDA Government’s $14 billion worth infrastructure project nod validates capital expenditure (capex) cycle turnaround: CLSA on Infra sector

Embassy Office Parks REIT raises Rs 1,743 cr, Radhakishan Damani among anchor investors

Pollution in western UP rivers: NGT directs state govt to submit Rs 5 cr

L&T set to seal Mindtree deal with Café Coffee Day founder VG Siddhartha

Grasim Industries slips nearly 3% on I-T department’s Rs 5,900-cr notice
The company received an order issued by the Deputy Commissioner of Income Tax (DCIT) raising a demand of Rs 5,872 Crores

Dewan Housing Shares Rise; CFO Moved As Corporate Strategy Head

The management shuffle comes a month after chief executive Harshil Mehta resigned amid financial mismanagement allegations.

DHFL jumps 4% on Avanse Financial stake sale
DHFL would be selling its entire 30.63 per cent stake in Avanse Financial Services.

All eyes on Naresh Goyal, as his deadline to Jet Airways’ pilots expires today
Goyal, in his March 1 letter, had promised pilots that the management will provide an update on the resolution plan

SPML Infra surges 10% on orders worth Rs 883 crore
The company received four new orders for water supply and irrigation projects with combined cost of over Rs 883 crore.

Jet Airways delays payment to debenture holder
Jet has been saddled with debt of over $1 billion due to tight competition and rising fuel costs, forcing the carrier to ground several of its aircraft.

Mindtree Shares Rise On Buyback Proposal Amid Report Of L&T Takeover

L&T will buy out VG Siddhartha’s share and proceed with an open offer to public shareholders for Rs 7,000 crore, the report said.

LTI Global Completes Acquisition Of Ruletronics Systems Zuari Global Acquires 49% Stake In Forte Furniture Products

Notification for first phase of Lok Sabha polls issued
Polling would be held in 91 parliamentary constituencies spread across 20 states on April 11 under the first of the seven-phase general elections.

GST Council to consider implementation of lower GST rates for realty sector

Ashoka Buildcon Unit Asked To Pay Rs 57.3 Cr To L&T Infra

Ashoka Buildcon gets letter of intent for a project in Jharkhand

Lyft seeks to raise $2.40 billion via IPO
The San Francisco startup could be valued at more than $20 billion under the terms of the IPO.

Hotel Leela Venture to sell hotels, property to Brookfield for Rs 3,950 crore
The company will sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur and its property in Agra to Brookfield.

Need More Time To Finalise Jet Airways Deal: Naresh Goyal To Pilots
Naresh Goyal also said that talks for the rescue deal with the airline’s biggest shareholder, Etihad Airways, and lenders are ongoing.

RCom Scraps Telecom Asset Sale To Reliance Jio
The companies ended the deal after failing to get approval from the telecoms regulator, objections from RCom’s lenders and its decision to approach the bankruptcy court to resolve its debt, RCom said.

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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