EOD UPDATE 18-08-2019

ED attaches Rs 190 crore worth Usha Martin assets
The order involves provisional attachment of the property of the wire ropes business for 180 days.

Coffee Day Group Says Outstanding Debt At Rs 4,970 Crore

The company has requested the lenders and creditors to give it time to honour the commitments and unlock the potential value of its assets.

FPIs pull out Rs 8,319 crore in August amid persisting negative sentiment
However, FPIs invested a net Rs 2,096.38 crore in the debt securities during the period.

Ujjivan Small Finance Bank files DRHP for Rs 1,200 crore IPO
USFB seeks to raise Rs 1,200 cr, including reservation of equity shares up to Rs 120Cr

Sectoral Policy Intervention In Works To Address Economic Slowdown: Report

There will be relief to the sectors in stress through policy interventions like for the auto sector, according to the report.

Auto Industry Bets Big On Scrappage Policy To Revive Demand

Automobile industry’s representatives have sought an ‘End of Life’ policy from the central government as a measure to arrest the falling sales.

Expected Fiscal Stimulus, US-China Trade War To Guide Markets: Experts

Analysts opined that investors are awaiting a stimulus package and relief for foreign portfolio investors (FPIs) from the super-rich surcharge which was announced in the Budget in July.

Despite Low Demand, Crude Oil Prices Seen Rising

Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.

Credit Demand Subdued, Economy Needs Stimulus, Says SBI Chairman

Increased spending by the government and the upcoming festival season would boost demand, said Rajnish Kumar.

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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