EOD UPDATE 20-08-2019


Trump calls on Federal Reserve to cut interest rates
In two tweets Monday, Trump kept up his pressure on the Fed and its chairman Jerome Powell, saying the U.S. economy was strong “despite the horrendous lack of vision by Jay Powell and the Fed.”

ISRO to inject Chandrayaan 2 into lunar orbit today
There will be four more orbit manoeuvres to make the spacecraft enter into its final orbit passing over the lunar poles at a distance of about 100 km from Moon’s surface.

Army was ready for conventional war with Pakistan in run up to Balakot strikes: Sources
The Indian Army was prepared for a conventional warfare with Pakistan which would have included going inside Pakistan, the sources told PTI.

Software firms want SEZ sops to stay, seek tax cut
Propose extension of Special Economic Zones benefits for 20 more years; cite lower tax in other nations.

NBFC loan growth in negative zone
A Credit Suisse analysis says 10-11% of loans turning NPAs.

UP govt increases VAT on petrol, diesel
The Value Added Tax (VAT) on petrol has been increased to 26.80 per cent or Rs 16.74 per litre (whichever is higher) and on diesel 17.48 per cent or Rs 9.41 per litre (whichever is higher), according.

Qamar Javed Bajwa’s term extension will send wrong message: Pakistan’s Opposition
Bajwa’s term has been extended for another three years by Prime Minister Imran Khan in view of the.

Google, Facebook, Amazon decry French digital tax as ‘discriminatory’
The so-called GAFA companies appeared on Monday at a USTR hearing on possible countermeasures.

Hours after RBI call, Axis Bank says Linking loans to repo is not the only way for faster transmission
The third-largest private sector lender’s executive director for corporate lending Rajiv Anand blamed liquidity issues prevented.

Donald Trump seeks to sue Google for ‘manipulating votes’ in 2016 elections
US President Donald Trump sought to sue multinational technology company Google for allegedly manipulating between 2.

After call with PM Modi, Donald Trump dials Imran Khan, asks to ‘moderate rhetoric’
Trump’s call with Khan – the second in less than a week – came soon after a 30-minute conversation with Prime Minister Narendra.

ED arrests MP CM’s nephew Ratul Puri in bank loan fraud case
They said Puri was placed under arrest under the provisions of the Prevention of Money Laundering Act (PMLA) late Monday night.

SAT pulls up Sebi over victim redressal
“Disgorgement without restitution does not serve any purpose,” it said, while delivering a judgement in the matter of Vital Communications earlier this month.

Opto Circuits slips 4% on poor Q1 show
Revenue of the company declined to Rs 50.28 crore versus Rs 71.31 crore.

Credit Suisse takes a U-turn on RIL as co gear up to become debt free in 18 months; raises target
The brokerage factored in stronger balance sheet with debt reduction of $22 billion till FY21, and low capex intensity guidance and higher Jio valuation.

Indian Islamic preacher Zakir Naik apologises to Malaysians for racial remarks
Naik, who faces charges of money laundering and hate speech in India, has come under fire for comments that pitted Malaysia’s.

Chandrayaan 2 successfully enters orbit around Moon
Lunar Orbit Insertion (LOI) maneuver was completed successfully at 0902 hours as planned, using the onboard propulsion system, the Bengaluru headquartered space agency said in a statement.

Kwality at 52-week low as net loss widens in Q1
Revenue came in at Rs 47.98 crore versus Rs 1301.16 crore YoY.

Sterling And Wilson Solar Makes Weak Debut On Stock Markets

Sterling and Wilson IPO listing: Sterling and Wilson Solar sold equity shares in the price band of Rs. 775-780. The initial public offer of Sterling & Wilson Solar was subscribed 92%

3 Out Of 4 Economists Predict A US Recession By 2021, Survey Finds.

Hero MotoCorp strongly denies any such participation and/or any investment made in Blu Smart Mobility

SBI chief Rajnish Kumar says 59-minutes loan scheme yet to make a mark
He said a businessman having turnover of up to Rs 25 crore can get an in-principle approval for a loan of up to Rs 5 crore within 59-minutes .

US Government Assures Level Playing Field To American Tech Firms In India

Industry executives with direct knowledge said it wasn’t common to receive such letters from the US administration.

42% cos struggle with sourcing quality tech talent: Report
The report is based on a survey of 350 industry leaders from over 200 companies of different sizes.

SBI Waives Processing Fee On Car Loans Ahead Of Festival Season

SBI said it is offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.

Top US CEOs say companies should put social responsibility above profit.

India’s e-tourist visa fee based on tourist footfall; higher in peak season, less during lean period
A new five-year e-tourist visa will be introduced with $80 fee and a one year e-tourist visa with $40 fee.

PM Modi to visit France for G7 Summit; extend partnership with UAE, Bahrain.

DHFL shares crack 8% after company reports fresh default.

SBI Removes Processing Fee On Car Loans

The announcement by State Bank of India comes at a time when passenger vehicle sales in the country declined for the ninth month in a row to July.

Vodafone Idea plunges 9% after CEO Balesh Sharma quits
Vodafone Idea lost 41.45 lakh subscribers in June, but is still leading the total subscriber tally at 38.34 crore.

Non-life insurers register 23% rise in July premium at Rs 14,378.45 crore
The 34 non-life insurance firms had collected a premium income of Rs 11,715.05 crore in the corresponding month a year ago.

Rupee Declines By 34 Paise Against Dollar Amid Rising Oil Prices

The rupee extended decline for second straight day and fell as much as 34 paise or 0.53 per cent to 71.81 against the dollar.

Gold prices on Tuesday touched a new record high of Rs 38,770 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported.

SEBI to review rules for foreign investors, listing of start-ups at board meet
The recommendations of the Khan Committee on FPIs include fast-tracking the registration process for select category II FPIs.

Resolve Stressed Assets In Time For Maximum Value, Says RBI

The new framework stresses coordination between banks while dealing with a stressed assets by mandating them to sign inter-creditor agreements.

Non-life insurers register 23% rise in July premium at Rs 14,378.45 crore
The 34 non-life insurance firms had collected a premium income of Rs 11,715.05 crore in the corresponding month a year ago.

Resolve Stressed Assets In Time For Maximum Value, Says RBI

The new framework stresses coordination between banks while dealing with a stressed assets by mandating them to sign inter-creditor agreements.

Banks must stress good compliance culture: RBI Deputy Governor
From January to July, RBI has imposed penalties on 70 occasions totalling Rs 122.9 crore.

DBS Bank To Enter India’s Credit Card Market In 2020

The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.

Centre Extends Temporary Allocation Of Jet Airways’ Slots, Flying Rights

Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.

Bail Denied To 2 Former Officials In IL&FS Money Laundering Case

Former joint MD of the company, Arun K Saha, and MD of transportation network, K Ramchand, who were arrested in June.

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.

Leave a Reply