EOD Update 27-04-2019

Sources: Election Code Not A Hurdle For RBI’s New NPA Circular, Say EC Sources RBI Has Written To EC To Keep The Commission Informed Work On New NPA Circular At An Advanced Stage.

Greaves Cotton To Consider Share Buyback Proposal On May 2

J&K High Court: Dismisses Appeal By Yasin Malik To Shift Trial Of Murder Case Against Him To Srinagar

Hero Moto Corp Q4: PAT At Rs 730 Cr vs Rs 967 Cr YoY

Revenue From Ops At Rs 7885 Cr vs Rs 8,564 Cr Down 8% YoY

YESBANK Q4: Loss AT Rs 1,507 Cr vs Profit Of Rs 1,179 Cr YoY
NII At Rs 2,506 Cr vs Rs 2,154 Cr, Up 16.3% YoY Gross NPA At 3.22% vs 2.10% QoQ;
Net NPA At 1.86% vs 1.18% QoQ Provisions

YESBANK Q4: Board Approves Raising Up To Rs 20,000 Cr Via Debt Board
Approves Raising Up To $1 Bn Via Equity To Pay Rs 2/Share As Interim Dividend

Alert: Patanjali Revised Offer To Rs 4,350 Cr Including Fresh Capital Infusion Of Rs 115 Cr 270 Day Deadline For Resolution Of Ruchi Soya Ends May 10

HDFC Life Standalone March 2019 Net Sales at Rs 648.74 crore, up 31.36% Y-o-Y

Atul Standalone March 2019 Net Sales at Rs 1,000.84 crore, up 15.49% Y-o-Y

Piramal Enter Standalone March 2019 Net Sales at Rs 1,012.61 crore, up 0.96% Y-o-Y

Adarsh Plant Standalone March 2019 Net Sales at Rs 3.24 crore, up 31.29% Y-o-Y

“No Clarity Or Commitment On Salaries”: Jet Airways CEO To Employees

Jet Airways temporarily suspended all its operations earlier this month after its lenders rejected a plea for emergency funds.

LoanTap plans to disburse loans totaling Rs 800 crore in FY20
Founded in 2016, the company has so far disbursed loans worth Rs 230 crore, reporting around 4x year-on-year growth

Cryptocurrency is ‘ponzi scheme’, should be banned in India: Govt official

IEX net profit rises 20% to Rs 37.85 cr in March quarter
The firm’s net profit in the entire fiscal ended on March 31 also rose to Rs 165.03 crore, compared with Rs 131.68 crore in the previous fiscal.

India Further Delays Retaliatory Tariffs On US Products: Official

The new tariff structure was to come into force from May 2, the spokeswoman said.

YES Bank reports surprise Q4 loss of Rs 1,507 crore as provisions jump 9 times YoY
Provisions jumped to Rs 3,661.70 crore in Q4 from Rs 399.64 crore in the year-ago period.

Despite the losses in the quarter, the bank board recommended a dividend of Rs 2 a share.

DIC India Standalone March 2019 Net Sales at Rs 198.46 crore, up 3.81% Y-o-Y

Sebi fixes minimum net worth for clearing corporations at IFSC
Clearing corporations will also regularly review their net worth requirement and ensure that the same does not fall below the prescribed threshold.

Providence, VIL may sell stakes in Indus Towers
Vodafone Idea has the option to sell its entire 11.15 per cent stake in Indus for cash.

Reliance Home Finance debt downgraded to default
The divestment plans of the group continue to remain critical to the overall credit profile of the group.

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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