EOD UPDATE 25-06-2019

Govts need to clearly define legal-illegal speech for content-sharing platforms: Google

Indian telcos may need to invest Rs 1 lakh cr on optical fibre in 2-3 years for 5G: Crisil

TRAI seeks views on free spectrum allotment worth Rs 98,520 cr to Railways
The Telecom Regulatory Authority of India in the consultation paper.

Government approves amended Motor Vehicles Bill, higher penalties for traffic offences

Donald Trump privately talks about ending Japan defense treaty: Report

Piramal Enterprises falls 3% as co ponders selling entire stake in Shriram Capital
The company clarifying on a news item, said Softbank plans to invest $1 billion in Piramal Group.

Citigroup cuts target price for Emami as promoter group divest 10% stake

Trump calls the Fed ‘stubborn child’ in its refusal to cut rates
Expectations are growing that the Fed is on a course to cut as soon as its July 30-31 gathering.

Govt may cut small savings interest rates by 30-50 bps for July-Sept quarter
The Department of Economic Affairs might send a notification on the same either later this week or early next week

‘FII inflow to rise in H2CY19 after policy direction from govt in Union Budget’.

Tyre stocks jump as government imposes additional duty on tyre imports from china
The government has imposed countervailing duty on new pneumatic radial tyres imported from China.

Mehul Choksi’s citizenship to be revoked, extradited after he ‘exhausts legal options’: Antigua PM
Choksi is one of the alleged masterminds of the $2 billion scam in state-run Punjab National Bank.

Health Start-Up CureFit Raises $120 Million In Funding

Founded in 2016 by Mukesh Bansal and Ankit Nagori, CureFit has built an integrated health platform

Indian Oil Sees Growth In Fuel Demand Above 4% In 2019

The nation is preparing to raise its fuel quality to so-called Euro 6 standards from Euro 4 from April 2020 to fight pollution.

Amid Trade War Between US, China, India Finds An Opportunity: Report

Economies, including Vietnam and Malaysia, have benefited from businesses trying to sidestep tariffs, while India has largely missed out on any investment gains.

Yes Bank co-founder’s family may sell stake in mortgage finance company.

RBI Panel For Rs 5,000 Crore Distressed Asset Fund For Small Enterprises

RBI panel also suggested a government sponsored fund of funds (FoF) to support venture capitalists and private equity firms investing in the MSMEs.

Government Likely To Maintain Status Quo On Angel Tax, Says Report

If a privately held company issues its shares at a price more than its fair market value, the amount received in excess of the fair market value is taxable as income from other sources.

Government Warns Foreign E-Commerce Firms Over Discounts: Report

India from February 1 imposed new e-commerce FDI rules to help hundreds of thousands of small traders, but small businesses say there are still issues.

Industry Body Seeks Removal Of Import Duties On Steel Making Materials

The association has sought reduction in import duty on raw materials to nil rate and rectification of inverted duty structure

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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