EOD update 23-04-2019

India To Get Extra Supplies From Major Oil Producers: Dharmendra Pradhan

The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions.

Shriram Transport declines 2% as Ajay Piramal looks to exit group cos

Menon Bearings Standalone March 2019 Net Sales at Rs 39.87 crore, up 3.02% Y-o-Y

Bitcoin Jumps To 6-Month High As 2019 Rally Extends

The original and biggest virtual coin climbed as much as 4.5 per cent in early trading to top $5,600 briefly, touching its highest since November 18

SBI Investment Leads $17.2-Million Fundraise In Healthcare Startup Mfine
The startup plans to use the funds to scale-up its network across the country.

ITC moves NCLT against Hotel Leelaventure
ITC’s current plea was mentioned before the Mumbai bench of the NCLT, which has posted the matter for hearing tomorrow.

RBI May Offer More Time For Bank-Led Resolution Of Bad Loans: Report

Sources said that the RBI is being guided by suggestions earlier given by the IBA on classification of non-performing assets (NPAs or bad loans) and their resolution.

Bharat Seats Standalone March 2019 Net Sales at Rs 195.47 crore, down 22.88% Y-o-Y

British entrepreneur offers to take control of Jet Airways
The founder of Atmosphere Intercontinental Airlines has written to Jet Airways CEO Vinay Dube.

ITC Moves Tribunal Against Hotel Leela Venture

According to its latest annual report, ITC holds 7.92 per cent of total shares of Hotel Leela Venture by the end of the 2018-19 financial year.

TCS, Infosys Increase Hiring By 350% In 2018-19: Report

Together these two companies added 53,303 employees in the 2018-19, while they hired just about 11,500 employees in the 2017-2018.

Bharat Financial-IndusInd Bank merger to complete in 4 weeks
Post-merger, microfinance firm Bharat Financial will become a subsidiary of the private lender.

Government raises authorised capital of Allahabad Bank to Rs 8,000 crore
The increase in authorised capital will help enable the bank to raise further fund up to a maximum ceiling of Rs 8,000 crore

Junk Bonds Make A Comeback In 2019, Issuance Soars: Report

The last time companies sold more junk bonds was in 2014, when total volumes for the year were $4.1 billion, the data showed.

ACC Q1 profit grows 38% to Rs 346 cr aided by tax refund; sales volume up 5.6%
Other income increased sharply by 230.6 percent year-on-year to Rs 156.6 crore in quarter ended March 2019.

RBI Sets High Cut-Off At Forex Swap Auction, Forward Rates Jump

The Reserve Bank of India (RBI) set a premium of Rs 8.38 at the three-year buy-sell swap auction and accepted the entire planned $5 billion up on offer.

Tata Global Beverages Q4 profit halves to Rs 36 crore
Total income was up at Rs 1,810.69 crore as against Rs 1,714.12 crore in the March quarter of 2017-18.

Jet Airways To Approach Lenders With Fresh Funding Proposal: Report

Last week, Jet was forced to announce a temporary suspension of all flight services as it was unable to maintain even bare minimum operations

Supreme Court sought response from a lawyer, who claimed that there was a conspiracy to make CJI Ranjan Gogoi resign by “framing him” in a false case of sexual harassment.

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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