EOD Update 18-07-2019


Centre Amends Insolvency Law, Increases Resolution Timeframe

The government increased the Insolvency and Bankruptcy Code (IBC) resolution timeframe to 330 days.

Yes Bank Standalone June 2019 Net Interest Income (NII) at Rs 2,280.85 crore, up 2.78% Y-o-Y

https://www.moneycontrol.com/news/results/yes-bank-standalone-june-2019-net-interest-income-(nii)-at-rs-228085-crore-278-y-o-y_12761941.html

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.

Mindtree Consolidated June 2019 Net Sales at Rs 1,834.20 crore, up 11.88% Y-o-Y

https://www.moneycontrol.com/news/results/mindtree-consolidated-june-2019-net-sales-at-rs-183420-crore1188-y-o-y_12762141.html

Duncan Eng Standalone June 2019 Net Sales at Rs 11.06 crore, up 2.53% Y-o-Y

https://www.moneycontrol.com/news/results/duncan-eng-standalone-june-2019-net-sales-at-rs-1106-crore253-y-o-y_12762161.html

Punjab & Sind Bank Reports Rs 238-Crore Fraud

Earlier this month, Punjab National Bank (PNB) said it had reported a borrowing fraud of Rs 3,805 crore in Bhushan Power’s account

Bill Gates Drops To World’s Third Richest, Bernard Arnault Moves To No. 2

LVMH, Bernard Arnault’s luxury-goods maker, advanced to a record Tuesday and pushed his net worth to $107.6 billion

Allahabad Bank Reports Rs 689-Crore Fraud

Earlier this month, Allahabad Bank had flagged a $259 million fraud by bankrupt steelmaker Bhushan Power & Steel Ltd

India Gets Rainfall 20% Below Average In Latest Week: Weather Office

Soybean- and cotton-growing central regions received 68 per cent less rainfall in the week.

Yes Bank Shares Slump Over 19%

On the Bombay Stock Exchange (BSE), Yes Bank shares fell 10.50 per cent to touch an intraday low of Rs 83.70.

LT Hydrocarbon Engineering bags over Rs 7,000 crore order from Saudi Aramco

https://www.moneycontrol.com/news/business/lt-hydrocarbon-engineering-bags-over-rs-7000-crore-ordersaudi-aramco_12763661.html

NGT asks Delhi govt, corporations to deposit Rs 250 crore for removing waste at landfill sites

https://www.moneycontrol.com/news/real-estate/ngt-asks-delhi-govt-corporations-to-deposit-rs-250-crore-for-removing-waste-at-landfill-sites_12763741.html

Colgate Standalone June 2019 Net Sales at Rs 1,084.86 crore, up 4.18% Y-o-Y

I-T dept attaches Rs 400 crore ‘benami’ plot in Noida belonging to Mayawati’s brother
Mayawati recently appointed Anand Kumar as the national vice president of the Bahujan Samaj Party.

RBI tells banks not to engage audit firm partners under lens
Accountancy firms which are not banned could also be forced to remove some of their senior partners from the audit process of a bank.

Colgate-Palmolive Net Profit Declines 11% In June Quarter

Colgate-Palmolive on Thursday said that its net profit in the April-June period declined 10.76 per cent to Rs 169.11.

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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