EOD UPDATE 24-06-2019

Investment via P-notes rises to Rs 82,619 crore till May
Investment through P-notes has been on the rise for the previous three months.

Budget 2019: Centre Plans To De-Merge 3 State-Run Insurers, Says Report

Post de-merger, a fresh assessment could be made about privatising some of the insurance operations by offering them to strategic investors

Indian Space Start-Ups On Fundraising Spree Ignites Investors’ Interest

The state-run Indian Space Research Organization, currently preparing for its second lunar mission, has a monopoly on launching rockets in the country

Foreign investors pump in Rs 10,312 crore in June so far

Central Sector Telecom Projects May Get Higher Funds Support, Says Report

Budget: The government has set a target of creating 1 lakh digital villages in the next five years with an aim to foster financial inclusion

Tata Consultancy Services To Open Centre In Patna: Ravi Shankar Prasad

Investment by India’s largest IT company in Bihar should promote IT investments in the state,” Ravi Shankar Prasad said.

Budget 2019: Investors Looking For Growth Measures, Say Experts

With the prevailing conditions, all eyes are on the Budget to be tabled on July 5 , to announce measures to revive growth

US-China Trade Talks, Union Budget To Guide Markets: Experts

Brent crude, the global oil benchmark rose sharply on Thursday after war like situation developed between Iran and the US after Iran shot down a US drone

Airport Authority To Study Ways To Improve Slot Allotment Of Airlines

A slot is a specific date and time at which an airline can arrive or depart at an airport

Moderate Outlook For Manufacturing In June Quarter: Industry Body Survey

The latest quarterly survey assessed the sentiments of manufacturers for April-June, 2019-2020, for twelve major sectors

Expert panel suggests ways to achieve $5-trillion economy target: NITI Aayog

RBI Deputy Governor Viral Acharya Quits Months Before Term Ends: Sources

Viral Acharya was appointed as one of the four deputy governors at the central bank in December 2016.

NBFCs ask RBI to relax timeline for liquidity coverage norms

NBFCs ask RBI to relax timeline for liquidity coverage norms
NBFC want the RBI to relax the timeline to implement the minimum LCR norms by a year.

EXCLUSIVE: ED probes largest investor in Future Generali
ED is probing the deal for alleged violations of FEMA

Suzlon Energy offers majority stake to Brookfield to settle loans, shares surge 13%
Suzlon has net term debt, including FCCB, of Rs 7,761 crore, and working capital debt of Rs 3,380 crore.

Broking stocks drop up to 12% as Sebi bars pledging of clients’ shares

Difference between trading and investing.

CCD founder pauses sale of realty venture to Blackstone for Rs 2,800cr

L&T bags power project worth over Rs 7,000-cr in Bihar
The engineering and construction company, did not provide the exact value of the contract, but specified that as per its classification, the mega project is over Rs 7,000 crore.

Bandhan Bank rallies 3% after NCLT okays merger of Gruh Finance
The important reason for merger by Bandhan Bank is to meet minimum shareholding norms set by SEBI.

RBI Panel Defers Reserves Report For Fourth Time: Report

The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April.

GST Council to consider reducing tax on electric vehicles, says Anurag Thakur

Binny Bansal Sells Rs 531-Crore Stake In Flipkart To Walmart: Report

According to the report, Binny Bansal’s holding has reduced by 0.33 per cent to 3.52 per cent from 3.85 per cent after the current sale proceedings

Government Issues Expression Of Interest For Six P-75 (I) Submarines

This is second project undertaken under the latest Strategic Partnership model, with the first being the procurement of 111 Naval Utility Helicopters.

Future Enterprises plans to raise up to Rs 900 crore via NCDs
Company plans to raise funds to replace “few of its high cost current or near term maturity debts.

KPR Agrochem’s Rs 283-cr IPO to open on June 28, price band set at Rs 59-61
The company will use fresh issue proceeds for repayment of certain borrowings and additional working capital requirement

Budget 2019: Defence Experts Eye More Funds For Modernisation

While presenting the interim Budget on February 1, Union Minister Piyush Goyal had allocated Rs 4,31,011 crore to the Defence Ministry

Sebi likely to come out new rules for pledged shares
Sebi board which is scheduled to meet on 27 June, may announce norms for mandatory disclosure by promoters.

Indian Railways may require 17 lakh tonne rails in FY20, SAIL to supply 13.5 lakh tonne

Govt seeks Rs 2,500cr term loan from banks to keep BSNL afloat: Report
The deal, if it goes through, would help the telco survive until the Centre finalises a revival plan

Budget: More Tax-Saving Measures Likely For Salaried People, Says Report

There is a huge expectation from the new Finance Minister of an increase in the basic exemption limit from Rs 2.50 lakh to Rs 5 lakh

RBI Plans For Transferring Excess Reserves Opposed, Delayed: Report

Earlier, the government of Prime Minister Narendra Modi indicated that the RBI has excess reserves of more than Rs 3 lakh crore

TCS hikes stake to 66% in Japanese JV with $32.6 mn investment

Viral Acharya’s Exit Will Not Impact Markets: SBI Report

Viral Acharya had raised concerns about the RBI’s independence in relation to the government in a public speech in October 2018

RITES announces 1:4 bonus share issue

I-T Dept issues notices in 380 cases of undisclosed foreign assets of Rs 12,260 cr

RBI Launches Application For Filing Online Complaints Against Banks

Customers can lodge complaints against any regulated entity with public interface such as commercial banks, urban cooperative banks, non-banking financial companies (NBFCs)

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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