EOD UPDATE 21-08-2019

Karnataka govt orders CBI probe into multi-crore IMA ponzi scheme

Lenders may be forced to convert Rs 45,000cr of their DHFL debt into equity: Union Bank

Oil Price Rises Above $60 A Barrel After A Week As US Inventories Drop

Brent crude had gained 32 cents, or 0.50 per cent, to $60.35 a barrel by 9:33 am, after settling 0.5 per cent higher on Tuesday.

Alibaba postpones up to $15 billion Hong Kong listing
The decision was made on the lack of financial and political stability in Hong Kong.

10 Days Left To File Your Income Tax Return And Avoid Penalty

After e-filing, users can also find information on the status of their submission through the Income Tax Department’s website

Govt moves to appoint heads of BoI, BoB, PNB & Canara Bank

Walmart, Tatas in partnership talks for cash-and-carry, kirana stores: Report
Walmart had acquired a 77 percent stake in Flipkart in May 2018 for $16 billion.

DHFL parent WGC sells its loan distribution biz to Metdist Group

Parle Could Lay Off 10,000 Workers Amid Slowdown: Report

ED issues look out circular against Chidambaram; CJI yet to hear ex-FM’s plea

BrokersBazaar.com, [21.08.19 12:53]
Analjit Singh may sell his 10% stake in Max Financial for about Rs 1,200cr

Government Has Not Set A Deadline To Launch Electric Vehicles: Report

The country’s auto industry has been caught in the middle of slowing economic growth that has led to a slump in demand for vehicles, forced plant shutdowns and large layoffs.

Alibaba Delays Up To $15 Billion Hong Kong Listing Amid Protests: Report

The decision to postpone the deal was taken at a board meeting before Alibaba’s earnings release last week, according to the report.

Tata Motors Shares Slump To Lowest In 17 Years

Domestic passenger vehicles sales in India plunged 30.98 per cent to 2,00,790 units last month, data from industry body SIAM showed last week.

We hope to complete Ujjivan Small Bank listing by Jan 31, 2020: MD
In the next phase of our journey in year five, we intend to apply for a universal bank license.

Amazon, Taking On Walmart in India, Opens Largest Campus In Hyderabad

Built in Hyderabad over three years, the new campus is Amazon’s first owned building outside of the United States, spans 1.8 million square feet of office space and will accommodate 15,000 workers.

Coffee Day Enterprises locked at upper circuit for 3rd day in a row as ITC mulls buying stake

India’s Growth May Slow Down To 5.7% In April-June: Nomura

The report attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them.

Sebi removes broad-based criteria for FPIs, eases KYC norms
Sebi decided that the FPIs will be re-categorised into 2 categories instead of 3 currently.

Sebi okays up to Rs 1 cr reward for corporate whistle blowers
Whistle blowers in a company fraud will be rewarded 10% of the recovery, or a maximum of Rs 1 cr.

Noida builder forges HC order to avoid paying Rs 26.80 crore dues, FIR filed

Sebi Eases Norms For Foreign Portfolio Investors

The Sebi in its board meet on Wednesday also decided to allow offshore funds of Indian mutual funds (MFs) to invest as FPIs.

RTGS For Customer Transactions To Open At 7 AM From August 26

At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 8 am to 6 pm.

Jio Gains, Airtel And Vodafone-Idea Lose Users: Report

While Jio leads with 52 per cent share among 3G/4G users, Bharti’s share has been stable at 23 per cent.

Sebi eases buyback norms for companies with housing finance, NBFC arms

Sebi wants MFs to invest only in listed securities

Sebi approves norms for startups to shift to main board after 1 year

Govt looks to cut down imports of chemicals, make India mfg hub

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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