EOD Update 24-04-2019

24th April 2019

Economic Times

Ø SoftBank eyeing a pie in Mukesh Ambani’s most valuable asset
Ø RBI okays HDFC proposal for stake in Bandhan Bank
Ø US to ensure steady oil supply for India
Ø Cos may get more time to meet new disclosure rules
Ø HC rules taxman can seek interest on GST liability
Ø Essar can’t discriminate between creditors: NCLAT

Business Standard

Ø RBI’s second 3-year dollar-rupee swap auction too a grand success
Ø ITC takes Hotel Leela to NCLT over ‘oppression’ in JM ARC, Brookfield deals
Ø RBI to buy Rs 25,000 crore of bonds in two instalments via OMO in May
Ø Saudi, Iraq and UAE may fill in Iran gap as US ends sanctions waiver
Ø Tata Global Beverages to acquire Dhunseri’s packet tea biz for Rs 101 cr

Business Line

Ø Micro finance sector to grow up to 22% in FY20: ICRA
Ø Pharma exports increase 11% to $19.2 billion
Ø Jindal Steel completes first-ever rail order ahead of schedule
Ø Nagarjuna Oil case: NCLT dismisses Haldia Petrochem plea to appoint new valuer
Ø Sterlite Tech Q4 net profit up 47% to Rs 165.17 cr
Ø Zee launches theatre channel Spotlight on Airtel Digital TV


Ø Reliance prepares the ground for e-commerce launch
Ø Essel Group in talks to sell road assets to CDPQ, Cube Highways
Ø Govt extends ban on import of milk products from China
Ø Trai directs Bharti Telemedia to comply with provisions of new regulations
Ø Lupin’s Pithampur facility may face regulatory action, says USFDA
Ø Cola Cola sees growth in India among other APAC markets in Q1

Financial Express

Ø Future Retail gets CCI nod to raise Rs 2,000 crore via equity warrants
Ø Jaypee Infratech homebuyers offered Rs 97-crore compensation
Ø ICICI Securities announces dividend of Rs 5.70 per share
Ø Government likely to raise wheat import duty to 40%
Ø Global warming shrank Indian economy by 31 per cent: Study

Decaan Chronicle

Ø P&G guilty of profiteering Rs 250 crore from GST rate cut
Ø Solar capacity addition of 7-7.5 GW likely this fiscal
Ø Jet Airways will do everything to revive airline, says CEO
Ø Industry delegation calls on RBI Guv, discusses steps for MSMEs, NBFCs
Ø GAIL emerges as highest bidder for IL&FS wind power plants

Sasken Q4 net up 5.7%, announces Rs 170 cr buyback

Embassy office Parks to raise Rs 3,650 cr via debentures

ICICI Securities Q4 profit slips 19% to Rs 121 crore

RBI to infuse Rs 25,000 crore through OMO in May

Vodafone Idea Expects Rs 25,000-Crore Rights Issue To Be Fully Subscribed

The company issued up to 20 billion fully paid-up equity shares of Rs 10 face value at a price of Rs 12.50 per share for the rights issue

Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT

Justice S A Bode to conduct inquiry into allegation of sexual harassment against CJI
When contacted, Justice Bobde, who is next to the CJI in seniority, confirmed the development.

Coromandel Int Standalone March 2019 Net Sales at Rs 2,633.26 crore, up 11.05% Y-o-Y

Indiabulls Inte Standalone March 2019 Net Sales at Rs 0.13 crore, down 12036.36% Y-o-Y

Indiabulls Inte Consolidated March 2019 Net Sales at Rs 50.36 crore, down 50.78% Y-o-Y

ACC Consolidated March 2019 Net Sales at Rs 3,919.11 crore, up 8.13% Y-o-Y

Sasken Tech Consolidated March 2019 Net Sales at Rs 135.54 crore, up 5.29% Y-o-Y

Indiabulls Real Consolidated March 2019 Net Sales at Rs 1,821.55 crore, down 10.18% Y-o-Y

Soril Infra Res Consolidated March 2019 Net Sales at Rs 45.57 crore, down 8% Y-o-Y

Surya Roshni bags order worth Rs 230 cr from IOC

Court To Hear Application Relief To Jet Passengers With Tickets On May 1

Jet Airways is expected to make another plea for an interim funding of at least Rs250 crore to its lenders to restart bare minimum operations till May 10, according to news agency IANS.

SEBI bars Hotel Leelaventure from selling properties to Brookfield Asset Management
On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur

BigBasket raises $40 million from UK’s CDC group at $1.2 billion valuation: Report
This is the first time CDC is investing in an Indian startup whereas it has invested over $1.3 billion in India for almost three decades

Indiabulls Real Estate rises on $258 million London property sale
As per the company, its net debt post-transaction will be below Rs 3,000 crore.

May Considers Latest Gamble to Get Brexit Done Within Next Month
Theresa May is considering a new tactic in her desperate bid to deliver Brexit.

Sources Say govt asks airlines to not do advance bookings on Jet Airways slots beyond 3 months

UltraTech Q4 profit more than doubles to Rs 1,017 crore, beats Street estimates
Standalone sales jumped 18 per cent YoY to Rs 10,334 crore from Rs 8,750 crore.

RBI Reserves Panel Likely To Submit Report By June End: Official

The panel has sought an extension over the stipulated 90 days period to finalise the report, Bimal Jalan, the head of the panel, told reporters.

RBI Steps Up Liquidity Management To Make Rate Cuts Count

In an unexpected move late on Tuesday, the RBI announced a new set of open market operations to purchase a total of Rs 25,000 crore ($3.58 billion) worth of bonds in May

Hexaware Tech Consolidated March 2019 Net Sales at Rs 1,264.02 crore, up 20.5% Y-o-Y

Tata Elxsi Standalone March 2019 Net Sales at Rs 405.10 crore, up 7.92% Y-o-Y

GST collection in April may touch Rs 1.10 lakh crore
“The April GST collection may be highest ever since regime rollout,” said a senior government official.

Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21

SEBI Bars Hotel Leelaventure From Selling Assets To Canada’s Brookfield

Hotel Leelaventure on March 18 had announced the sale of its four hotels to Canadian investment fund Brookfield for Rs 3,950 crore.

Indiabulls Housing Q4 profit falls 7% to Rs 1,006 crore; firm announces Rs 10 dividend
Total income increased to Rs 4,209.81 crore against Rs 4,000.24 crore last year.

US-Based Aerospace Major Boeing Reports Over 13% Fall In Quarterly Profit

The US aerospace giant reported $2.1 billion in profits, down 13.2 per cent from same period a year ago

Auto Stampings Standalone March 2019 Net Sales at Rs 138.98 crore, up 24.18% Y-o-Y

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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