EOD update 22-03-2019

Fitch cuts India GDP growth forecast for FY20 to 6.8% from 7% | Business News

Expect disbursement growth of 11-12% in FY19 and gross NPA to be at around current levels of 4.8%, says Muthoot Capital

GST collection in the month of March may cross Rs 1 lk cr. The collection dropped to Rs 97,000 cr

Govt to exercise Greenshoe option in current round of CPSE ETF, to raise around Rs 9,500 cr: Sources

Pakistan bans broadcast of Indian Premier League
The decision comes a month after DSport, the official broadcasters of the Pakistan Premier League (PSL) in India, stopped the coverage of the tournament in protest of the Pulwama Attacke

GVK Power climbs 9% after arm raises stake in Mumbai International Airport
GVK Power arm acquired 10 percent stake in Mumbai International Airport Limited at the rate of Rs 77 per share.

Tata Power rises 2% on bagging Rs 1,200-cr contract from Defence Ministry
Tata Power Strategic Engineering Division (Tata Power SED) signed a deal with the Ministry of Defence

REC pays Rs 1,143 cr interim dividend for FY19 to govt
Ajeet Kumar Agarwal, CMD & Director (Finance) of REC presented RTGS credit advice towards payment of interim dividend for the 2018-19, amounting to Rs 1,143.34 crore on the shareholding

Jet Airways Needs Infusion Of Around Rs 10,000 Crore: Report

The industry reaction comes even as the airline’s case is being viewed by top government officials.

Canara Bank to raise $400 million through bonds

The bonds are set to mature on March 28, 2024.

Gold Demand Subdued As Jewellers Defer Buying, Seen Improving In April

Gold imports in February fell 10.81 per cent from the same period last year to $2.58 billion, trade ministry data showed earlier this month.

SBI raises Rs 1,251 crore to boost capital ratios
The bonds SBI allotted to investors are in the nature of non-convertible and perpetual.

CPSE ETF 5th tranche: Govt gets bids worth Rs 9,500 crore
Anchor investors had put in bids worth Rs 6,072 crore on the first day of the issue on March 19.

Ola banned in Bengaluru for 6 months; calls decision unfortunate
The company was running bike taxis in the city which was reportedly illegal given the lack of a policy framework.

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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