EOD update 27-03-2019

Court allows sale of Mallya’s shares worth Rs 1000 crore; liquidator to sell 7.4 million UBL stocks Wednesday

Kwality posts Rs 1,500-crore loss in Q3 on debt provisioning

GMR Infra surges 9% as its airport biz gets investment proposal of Rs 8,000 cr

GMR Infra jumps 9% on Rs 8,000 cr airports biz deal
GIL has signed a binding term sheet with the investors pursuant to which the investors have agreed to invest Rs 8,000 crore in GMR Airports Limited.

Cathay Pacific to buy budget airline HK Express for $628 million
The HK USD 4.93 billion acquisition leaves Cathay Pacific in control of three of the four airlines in Hong Kong, adding to its namesake carrier and regional subsidiary Cathay Dragon.

Adani becomes 1st Indian port operator to record 200 MT cargo movement
On March 21, leading private port operator APSEZ, recorded cargo movement of more than 200 MT, APSEZ said in a statement.

Allahabad Bank gains 2% as board approves raising Rs 4,000 cr
At 1103 hrs, Allahabad Bank was quoting Rs 51.85, up 1,67 percent on the BSE.

Moody’s retains stable outlook on PFC, REC post acquisition announcement
Power Finance Corp last week announced a deal value of Rs 14,500 crore to acquire governments stake in REC.

Sheela Foam tanks 7% after promoters propose to sell stake
Promoters Rahul Gautam and Tushaar Gautam have proposed to sell up to 8.68 per cent stake in the company.

Tax Authorities Auction Nirav Modi’s Art, Raises $8 Million

Nirav Modi, whose diamonds have sparkled on Hollywood stars, is one of the prime accused in a $2 billion loan fraud at state-run Punjab National Bank.

Poverty alleviation schemes should not be a permanent process: Raghuram Rajan
Whatever you create, you do not want that to hold people back from looking for jobs, says Rajan

Sale of UBHL shares of Vijay Mallya fetch Rs 1,008 crore: Enforcement Directorate

15% shortfall in direct tax collections; CBDT cracks the whip to meet targets
CBDT has written a letter to all Principal Chief Commissioners on March 26 asking them to enhance the tax recovery process

Naresh Goyal Could Still Aspire To Bid For Jet Airways: Report

Following the change in management, Mr Goyal owns 25.5 per cent, Etihad 12 per cent while the SBI-led management has 51 per cent.

GAIL Sells India-Bound US Natural Gas Cargo To Europe: Report

Europe has become a top destination this year for cargoes that cannot find a home in Asia because of high stock levels and low delivery prices.

From April 1, shares can be transferred in demat form only: Sebi

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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