EOD UPDATE 26-06-2019

Industry Body Suggests Creation Of “National Employment Board”

The industry body also said that under the Prime Minister’s Rozgar Protsahan Yojana (PMRPY), the wage threshold should be increased to Rs 25,000 from the current Rs 15,000

RBI union moots a Collegium of experts to appoint governors and deputy governors to ensure central bank autonomy and independence.

India plans to add 500 GW renewable energy by 2030: Government

India investment in US Treasuries rose 1yr high
Investments in US Treasuries were at $155.3 billion in April, compared with $157 billion in March a year ago.

DHFL defaults again on commercial papers repayment
Out of the aggregate amount of Rs 375 crore, DHFL failed to make payments worth Rs 225 crore.

Sebi bans GV Films, 5 others from securities markets for GDR manipulation

US aims to restart China trade talks, will not accept conditions on tariff use

Airtel prepays over Rs 22,000 crore of domestic loans
In the fiscal fourth quarter ended March 2019, Airtels net finance cost rose 30.2% sequentially and 38.4% on year, which continue to drag profitability.

Adani Power to acquire GMR Chhattisgarh Energy
The consortium of lenders, led by Axis Bank, to GMR Chhattisgarh Energy Ltd (GCEL), has issued a Letter of Intent dated June 24, 2019, approving Adani Power’s (APL) resolution plan

Bombardier sells regional jet division to Mitsubishi for $550 mn

US-Iran Conflict Brewing, India’s Emergency Oil Reserve Can Last 9 Days

The country imported 84 per centof its crude in the last financial year, government data show, and two of every three of those barrels was sourced from the conflict-prone region.

NTPC climbs after bagging 40 MW solar energy projects
State-run power major has won 40 MW solar energy projects in an auction conducted by UPNEDA.

Gold Demand May Fall To Three-Year Low As Prices Hit Record High

Lower purchases by India, the world’s second biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week.

Reliance Infra bags Rs 7,000 crore Versova-Bandra Sea Link project in Mumbai.

Nikkei drops as Fed caution weighs on sentiment; chip shares soar

India’s May steel exports drop to lowest in three years
India exported 319,000 tonnes of finished steel in May, down 28% from the same month last year and the lowest level since April 2016, the data showed.

Industry Body For Hike In Tax Exemption On Preventive Health Check-Up

Ficci also urged the government to provide interest subsidy on loans provided to the healthcare sector.

Bitcoin Rises To Strongest Level Against Dollar In 18 Months

Bitcoin traded last at $12,485 after reaching a high of $12,935 earlier in the Asian session.

India imported coal worth Rs 1.7 lakh crore in FY19

Make Growth India’s Biggest Priority Over Next 5 Years: Sunil Kant Munjal

Steps should be taken to support the private sector so that it can play a bigger role in capital formation and job creation, Mr Munjal told NDTV.

Govt can raise Rs 95,000 crore from infra bonds to boost growth: BofA

NITI Aayog CEO Amitabh Kant gets 2-year extension

Google Play Store has over 2,000 malware-laden, fake apps

Milkbasket raises Rs 15 crore debt from Innoven

Fonterra Future Dairy targets Rs 6,000 crore topline in 5 years

Budget 2019: Tax On Capital Gains May Continue This Year, Says Report

The sources said that there were neither chances of a hike above 10 per cent nor of an increase in exemption limit above Rs 1 lakh.

US Treasury Secretary says US, China ‘were’ close to trade deal – CNBC

Uber’s Real London Threat Is Ola, Not Bolt, Says Morgan Stanley

Daimler AG-backed Bolt, formerly known as Taxify, just re-entered the UK market two years after its operating license was revoked

DHFL to soon complete full stake sale in 2 subsidiaries

All Coins Must Be Accepted As Legal Tender, Says RBI

Currently, coins of 50 paise, Rs 1, Rs 2, Rs 5 and Rs 10 denomination of various sizes, theme and design are in circulation.

Defence Industry received $2.18 mn FDI in 2018-19: Govt
As per the current policy, foreign investment beyond 49 per cent is permitted through approval route in defence sector.

GST Council mandates e-ticketing for cinemas, industry players say no impact on business
Most multiplexes are selling e-tickets and are GST compliant.

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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