EOD update 26-03-2019

IDBI Bank: Officers’ Union to go on one day nationwide hunger strike on March 30

SEBI blocks FPI assets worth $5b on non-compliance; Pimco among affected: report

Govt performance on employment, healthcare below average: ADR Survey

From April 1, I-T department will compile profiles on taxpayers : Report
The department will collect information on taxpayers, including relationships, social networking, ITR status and asset details.

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

Reliance Industries Ltd buys ITC’s menswear brand John Players
ITC sold the brand John Players and related trademarks and intellectual property to Reliance Retail as part of its restructuring plan, an ITC spokesperson said.

Lok Sabha polls 2019: Rs 540 crore suspect cash, liquor and freebies seized across country
The seven phase polls will begin from April 11 and the counting of votes will take place on May 23.

L&T open offer for Mindtree starts on May 14; says offer price at Rs 980 value accretive in mid-to-long term
L&T will acquire 5.13 crore equity shares of Mindtree for a total consideration of Rs 5,030 crore.

JCB to invest Rs 650 cr for a new manufacturing facility in Gujarat

Karur Vysya Bank appoints N S Srinath as non-executive chairman
Srinath had earlier served as an executive director on the board of Bank of Baroda and superannuated on May 31, 2012.

RBI slaps Rs 2 cr penalty on PNB for violating SWIFT norms
In a regulatory filing, the PNB said the Reserve Bank in a letter dated March 25 has informed the bank about the penalty.

BoB to develop agri-digital platform; inks 6 MoUs
In a statement, the bank further said the agri-digital platform will be executed by IT Centre of Excellence (ITCoE) of Bank of Baroda in partnership with IBM India.

Jet Airways To Fly 40 More Planes By End April, Says Official

Lenders of Jet Airways moved in to take a majority stake in the airline, which is saddled with a debt of more than $1 billion, after it failed to convince potential investors to save the airline.

NCLT admits revised bid for Jyoti Structures; DBS to move SC
Jyoti Structures, which owes Rs 7,010.55 crore and interest to the lenders, is among the first 12 large accounts referred to NCLTs by the Reserve Bank in June 2017.

Market infra institutions to have disaster recovery sites, business continuity plan: Sebi
The disaster recovery site should preferably be set up in a different seismic zone.

Payments fintech Airwallex raises $100m series C funding

Power Finance Corporation to pay entire Rs 14,500 crore for REC acquisition on Thursday

FTC seeks more information to review Bristol-Celgene’s $74 billion planned merger

Mindtree Not To Buyback Shares After L&T Open Offer: Report

L&T offered to buy over 5.13 crore shares or 31 per cent of Mindtree’s equity stake for Rs 5,030 crore at Rs 980 per share of Rs 10 face value.

EC to seek details of Niti Aayog vice-chairman’s remarks against Cong over minimum income promise
Kumar had accused the Congress of promising the moon to win elections.

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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