EOD update 21-02-2019

Government Needs To Spur Growth Amid Low Inflation Outlook: RBI

The MPC meeting was the first for central bank Governor Shaktikanta Das after the abrupt exit by his predecessor, Urjit Patel.

Sebi revises minimum haircut for government securities used as collateral
The haircut would be at least 2 percent for treasury bills and liquid government securities having maturity period of less than three years. The slab would be a minimum 5 percent for those securities having maturity period of more than three years.

Centre Eyes Higher Oil And Gas Output, Eases Exploration Norms

India imports four out of every five barrels of crude oil it consumes and is likely to shell out more than $100 billion on oil purchases in 2018-19.

Sebi revises minimum haircut for government securities used as collateral
Now, there would be three minimum haircut slabs depending on the type and tenure of the government securities, according to a circular.

Capital infusion by Government in 12 PSBs – Positive

Public Sector Banks – Government of India (GoI) has approved Capital infusion of Rs 48239cr as equity capital in 12 Public Sector Banks (PSBs). The beneficiaries are Corporation Bank (Rs 9,086cr), Allahabad Bank (Rs 6,896cr), Punjab National Bank (Rs 5,908cr), Central Bank of India (Rs 2,560cr), United Bank (Rs 2,839cr), UCO Bank (Rs 3,330cr), Indian Overseas Bank (Rs 3,806cr), Bank of India (Rs 4,638cr), Bank of Maharashtra (Rs 205cr), Union Bank (Rs 4,112cr), Andhra Bank (Rs 3,256cr) and Syndicate Bank (Rs 1,603cr).

Dynamatic Technologies surges 13% on signing MoU with Russian Helicopters

VRS, Monetisation Of Land Assets Of MTNL Also To Be Taken Up Monetisation Of Assets Of MTNL Likely To Fetch Over Rs 20,000 Cr

2nd Meeting Of The Digital Communications Commission Begins Revival Plan Of MTNL On The Agenda Refund Of Interest On Surrendered Broadband Wireless Access To Be Discussed

Tech Mahindra to buyback 2.05 crore shares for Rs 1,956 crore

Reliance Capital Offers To Sell 43% Stake To Nippon Life Insurance

Japan’s Nippon Life Insurance already holds a 42.88 per cent stake in Reliance Nippon Life Asset Management, the country’s first listed mutual fund company.

Govt Official says Digital Communications Commission may discuss MTNL revival plan

Saridon exempt from the list of banned fixed dosage combinations. Nandini Piramal says Saridon is a Rs 100 Cr OTC product and despite the ban being effective September 2018

Reliance Communications asks lenders to release $36.6 million directly to Ericsson. RCom said it had received the sum as income tax refunds and is lying in its bank account.

Telecom Commission gives in-principle nod for monetising fibre assets of BharatNet: Sources

Employees’ Provident Fund Interest Rate Hiked To 8.65% For 2018-19: Report

Employees’ Provident Fund Organisation has hiked interest rate on employees’ provident fund to 8.65 per cent from 8.55 per cent for the fiscal year 2018-19, news agency ANI reported

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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