EOD UPDATE 18-09-2019

RBI Won’t Hesitate To Take Steps For Financial Stability: Shaktikanta Das

The liquidity crisis in the non-banking financial companies (NBFCs) came to light when IL&FS defaulted on a commercial paper in September

IndiGo Drops Pratt & Whitney For CFM’s Jet Engines In $20 Billion Order

CFM will provide the 1LEAP-1A engines to power 280 A320neo and A321neo jetliners already on order from Airbus by the Delhi-based budget carrier.

Mehul Choksi tells Bombay HC he left India for medical check-up, treatment

RBI May Cut Rates By Another 25 Basis Points In 2019: Fitch

The RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to “accommodative”

Reliance Capital to probe PwC’s allegations of fraud

Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani’s Firm

Anil Ambani’s older sibling and Asia’s richest man Mukesh Ambani’s Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom’s assets in a Rs 17,300-crore deal

HDFC AMC falls 7%, erodes m-cap by Rs 2,500 crore
HDFC AMC will buy Rs 500 crore worth of NCDs of the Essel Group from the debt schemes that have exposure to these securities.

Alibaba Group reshuffles management, says CFO Maggie Wu to oversee strategic investment unit
Wu will take over from Executive Vice-Chairman Joe Tsai, Alibaba said.

Govt asks WhatsApp to fingerprint messages for traceability: Report

Budget 2019: Finance Minister Nirmala Sitharaman will present the full-year Budget for 2019-20 on July 5. That would mark the first Budget by the NDA government after returning to power in May 2019.

Opinion: Economic Situation To Weigh Heavily On Resource Allocation Decisions

With an allocation of Rs 4,04,365 crore in 2018-19, the Ministry of Defence’s total allocation accounts for about 17 per cent of the central government expenditure

Lenders To Begin Insolvency Proceedings Against Jet Airways

National Company Law Tribunal (NCLT) could hear insolvency petitions filed by the airline’s operational creditors for recovery of dues on June 20.

RBI To Review Data Storage Rules For Payment Firms: Government

The RBI last year mandated companies to store their payments data “only in India” so that the regulator could have “unfettered supervisory access”.

Government mulling a three-tiered debt resolution system for individual bankruptcy

Jet Market Value Halves After Lenders Drag Airline To Bankruptcy Court

According to news agency Reuters, insolvency proceedings against Jet Airways are likely to begin this week.

Japanese stocks slide, trade subdued as investors await Fed meeting
Insurers under perform on expectations for lower rates.

Railways signs MoU with RailTel Enterprises Ltd for upgrading signalling system

Investors most bearish on global stocks since 2009: BofAML survey
US government bonds were the “most crowded” trade for first time in survey’s history.

Domestic Air Passenger Traffic Rises 2.96% In May

IndiGo maintained its lead position with 49 per cent share of the domestic passenger market in May, the data showed.

Govt should invest in infra and rural, cut corporate tax: VS Parthasarathy, M&M

Sebi imposes Rs 12 lakh fine on NDTV for disclosure lapses

Wind capacity addition likely to improve to 3.5-4.0 GW in FY20: ICRA

ED attaches over 6,000 vehicles of Surat firm in bank fraud case
The agency issued a provisional order for attachment of assets under the Prevention of Money Laundering Act (PMLA) against Siddhi Vinayak Logistics Ltd (SVLL) and its Director Rupchand Baid.

PM Modi Meets Key Secretaries To Finalise 100-Day Agenda: Report

The meeting is also expected to clear a 5-year vision for government with view to achieve $5-trillion economy goal in the shortest possible time-frame

Sebi Allows Exchanges To Introduce Futures On Commodity Indices

Sebi said that it has now decided “to permit recognized stock exchanges with commodity derivative segment to introduce futures on commodity indices”

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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