EOD Update 24-05-2019


SpaceX launches first satellites for Elon Musk’s Starlink internet service

Rs 100 Lakh Crore Spending Push In India Tops Agenda Of Modi 2.0

With revenues under strain, the government is borrowing more and seeking to extract additional capital from the central bank.

A2Z Infra Eng Standalone March 2019 Net Sales at Rs 181.71 crore, up 109.88% Y-o-Y

The Grob Tea Standalone March 2019 Net Sales at Rs 13.41 crore, up 75.98% Y-o-Y

Eros Intl Standalone March 2019 Net Sales at Rs 184.21 crore, up 2.66% Y-o-Y

Eros Intl Consolidated March 2019 Net Sales at Rs 224.56 crore, down 5.95% Y-o-Y

MEP Infra Standalone March 2019 Net Sales at Rs 469.59 crore, down 14.05% Y-o-Y

Goldiam Inter Consolidated March 2019 Net Sales at Rs 80.35 crore, down 8.9% Y-o-Y

TechNVision Consolidated March 2019 Net Sales at Rs 11.46 crore, up 1.12% Y-o-Y

India stopped purchasing Iranian oil after US waivers expired: Envoy

FIIs cheer Modi’s landslide win, ask him to fix economy, reforms
Modis immediate challenge will be to boost economic growth.

Decision On Final Approval For Adani Australia Coal Mine Within 3 Weeks

If given the green light, Adani could begin breaking ground at its Carmichael mine site within weeks, after more than eight years of planning.

Jet Airways tanks after Etihad & Hinduja fail to strike a deal.
Jet Airways tanked in intraday on Friday after reports pointed out that Hinduja Group and Etihad Airways have failed to strike a deal to buy stake in the cash-strapped airlines.

OVL FY19 net profit jumps 71% on rise in oil production
OVL is the unlisted overseas arm of ONGC and is not obligated to report quarterly earning numbers.

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater

Salzer Elec Q4: Net profit rises 72.8% at Rs 8.4 cr Vs Rs 4.9 Cr (YoY) & revenue up 22.3% at Rs 155 cr Vs Rs 127 cr (YoY)

Sources on Govt’s FDI agenda says defence FDI norms to be eased, may lead to hike FDI cap

Jet Fuel Prices Reach $85, Highest Level Since November: Industry Body

The average monthly price of Brent crude oil and jet fuel continued to trend upwards in April, said IATA in its latest financial monitor.

The $1.4 trillion roadblock that PM Modi will face in his 2nd term
Numbers move more slowly in the Rajya Sabha, with a third of members retiring every two years.

Welspun India Q4: Tax credit at Rs 50.9 cr Vs tax expense of Rs 34.2 cr & other income at Rs 43.7 cr Vs Rs 28.7 cr (YoY)

Meghmani Organi Standalone March 2019 Net Sales at Rs 377.13 crore, up 34.59% Y-o-Y

Ashok Leyland Standalone March 2019 Net Sales at Rs 8,845.93 crore, up 0.84% Y-o-Y

Punjab & Sind Standalone March 2019 Net Interest Income (NII) at Rs 429.69 crore, down 9.23% Y-o-Y

Indian Card Standalone March 2019 Net Sales at Rs 13.84 crore, down 24.12% Y-o-Y

S E Power Standalone March 2019 Net Sales at Rs 5.03 crore, up 31.34% Y-o-Y

$2.6 trillion wiped out as Asia braces for more: Taking stock
The MSCI Asia Pacific Index is down 0.2 per cent following losses in New York overnight.

RBI Proposes To Introduce Liquidity Coverage Ratio For Shadow Banks

The LCR is proposed for all deposit taking NBFCs, and non-deposit taking NBFCs with an asset size of Rs 5,000 crore ($720 million) and above

IGL Q4 net rises 28% to Rs 225 cr

Birlasoft Q4 Net at Rs 66 cr; names Dharmender Kapoor as CEO

Indiabulls insider trading case: Sebi impounds Rs 87.21 lakh from former director, spouse

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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