EOD update 25-03-2019


NSE creating own quality standard for gold for delivery
LBMA has its own approved suppliers of gold bars.

Debt funds pare NBFC exposure, but equity funds keep faith

Equity funds continue to hold around Rs 40,000 crore worth of NBFC shares.

Netmeds buys health tech start-up KiViHealth for $10 million
The acquisition helps Netmeds to transform into a complete healthcare product and service company.

Lenders release pledge on promoter shareholding in Reliance Power. Promoter shareholding of over 26 cr shares representing 9% holding in RPower stands released by lenders RPOWER

RBI Governor To Meet Heads Of Payments Banks Later This Week

RBI Governor Shaktikanta Das on Monday said he will be meeting heads of payments banks later this week to understand their issues and concerns.
A sandbox approach means experimenting and learning before finally adopting a technology or system. This approach helps in containing the impact of failures.

Jet Airways Rises Amid Report Of Naresh Goyal, Anita Goyal Stepping Down

Naresh Goyal and his wife Anita Goyal are expected to leave the board of the cash strapped airline they founded 25 years ago.

Karnataka Bank falls 3% on reporting fraud of Rs 13.26 cr to RBI
The bank has reported a fraud to RBI amounting to Rs 13.26 crore in the fund based working capital facility that was extended to SRS Finance Ltd., on account of diversion of funds

Airtel slashes call rates to Bangladesh, Nepal by up to 75%
“Calls to Bangladesh will now be charged at only Rs 2.99 per minute (versus Rs 12 per minute earlier) representing a reduction of 75 per cent.

Jet Airways surges 15% on report of resignation of Naresh Goyal and Anita Goyal

Telecom sector revenue to rise 6% in FY20 on tariff hikes: ICRA
Trends of the last few months signal some recovery is in the offing with telco ARPUs.

Pre-IBC resolution much better for Jet Airways: Anil Singhvi, Ican Investment
It is good for the shareholders, good for lenders and above all, it is a critical infrastructure, says Singhvi.

ETIHAD STAKE GETS REDUCED TO 12% FROM 24%. NARESH GOYAL’S STAKE ALSO REDUCES TO 25.5% FROM 51%

DLF launches QIP to raise over Rs 3,000 crore
The company said that at its discretion it may offer a discount of up to 5 per cent on the floor price in the QIP.

Ashoka Buildcon receives arbitration award aggregating Rs 36.29 cr from National Highways Authority of India for a project in Jharkhand

Gautam Khaitan beneficiary of Rs 850-cr slush funds generated through defence deals: ED

Cochin Shipyard bags order worth Rs 270 crores from the Govt

Hard copy of telephone bill to continue as default, e-bill optional: TRAI

Prudential Holdings to sell up to 3.71% in ICICI Pru Life to raise Rs 1,600 cr

Risk of lending against shares not adequately covered, says Crisil

SEBI modifies commissions, disclosure norms for MF industry

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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