EOD Update 19-02-2019

>> JK Cement lines up Rs 1,700 crore for expansion, foray into new markets

RBI Enforcement Department steps up action against regulatory lapses.

>> ArcelorMittal is said to offer Rs 4,800 crore for Essar’s power plant.

>> Create hurdles for Chinese companies doing business in India: SJM to govt

>> RBI rap on YES bank on NPAs confuses bankers

>> Titagarh Wagons rallies 7% after Rs 1,741-crore order win

>> Supreme Court disposes plea challenging Nageswara Rao’s appointment as interim CBI chief, says no interference required

>> UK manufacturers warn of “catastrophic” no-deal Brexit

>> YESBANK: To Pay 94.25% Of Principal Amount Of Offered Notes

>> $477.1 Mn Notes Will Remain Outstanding After Tender

>> $122.9 Mn Principal Amount Tendered As On Deadline

>> CBI: Moves Delhi High Court For Custodial Interrogation Of Deepak Talwar
Next Date Of Hearing On February 27
Deepak Talwar Accused Of Alleged Violation Of Foreign Contribution Regulation Act

>> CLSA: Expects #nasscom To Give 8-10% Sales Growth Guidance For FY20

>> NASSCOM Will hold Its Annual Tech & Leadership Forum On Wednesday

>> NASSCOM Guided For Sales Growth Of 7-9% In FY19, 7-8% In FY18

>> BTV Sources: Promoters & Reliance Infra Jointly Hold Over 70% In Reliance Power

Promoters Will Retain 51% Stake In Reliance Power, Post Share Sale

Stake Sale Expected To Garner Around Rs 2,500 Cr

Reliance Power Appoints JP Morgan As Banker For Stake Sale

Institutional Investors Bidding For Stake Include QIA, ADIA, Blackstone, TPG & KKR

Reliance Power Promoters Plan To Sell 18-19% Stake Out Of Their Direct Holding Of 30%

Giving a major relief to startups, the government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions by startups, an official said on Tuesday

>> Cabinet: Likely To Consider Amendment To Companies Act Today
Amendment For De-Clogging NCLT & Create More Benches
To Consider Proposal To Privatise 97 Oil & Gas Fields Held By ONGC, OIL
To Consider A Solar Power Scheme For Rural India.

Cabinet: To Consider National Electronics Policy
To Consider Changes To Bidding Process For Coal Blocks
To Consider Rooftop Solar Power Policy
To Consider Rapid Rail Transit System Between Delhi & Meerut
To Re-promulgate Triple Talaq Ordinance

>> Reliance Power promoters aim Rs 2,500 cr from stake sale

>> Foreign Flows Into Emerging Asian Bonds Turn Negative In January

Most Asian central banks raised their policy rates last year in an effort to defend their currencies and curb capital outflows as the USFederal Reserve hiked interest rates four times.

>> Alibaba boosts stake in investment bank CICC for $231 million

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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