EOD UPDATE 27-06-2019

Stiff Competition, High Employee Cost Hitting BSNL, MTNL: Telecom Minister

Telecom Minister Ravi Shankar Prasad said the total employee cost of MTNL and BSNL far outweighed the total employee cost for private telcos.

FDI in telecom sector down 43% to $2.6 bn in 2018-19: Ravi Shankar Prasad

Bank fraud: ED searches, attaches asset of Mumbai-based firm

Uco Bank sets recovery target of Rs 8000 cr from NPA in FY20

Debt-laden DHFL gets Sebi approval to exit mutual fund business

EV migration needs proper planning to ensure ecosystem readiness, says N Chandrasekaran
Tata group firm Tata Motors is among the pioneers of electric vehicles in four wheeler segment in India.

Emami in talks with UltraTech, KKR, Temasek to sell stake in cement biz
The cement business recently received regulatory clearance for an initial public offer (IPO).

RInfra extends gains, surges 8% on Rs 7,000 crore order win
The stock traded 5.91 per cent up at Rs 64.55 on BSE.

Japan Display to receive $100 million investment from Apple, says report; shares jump

True North sells 7.39% stake in Aster DM Healthcare for Rs 448 crore
Shares of Aster DM Healthcare was trading at Rs 128.50, up 3.01 per cent.

Steadview, Sequoia, others lead $50-million funding round in Unacademy

Indian government sources refute Trump’s claim that its tariffs are very high

IPO price range values Swiss Re’s ReAssure at up to $4.2 billion
The offer is expected to deliver a free float of 26 per cent of ReAssure’s issued share capital.

Reliance Infra to complete sale of Delhi-Agra Toll Roadway by August-end
The firm said that with this transaction, its debt of will reduce by over 25 percent to less than Rs 5,000 crore.

PNB fraud: Swiss authorities freeze 4 bank accounts of Nirav Modi, sister
They said the accounts, at present, have deposits totalling Rs 283.16 crore and they have been frozen on the request of the ED.

Circuit filters for F&O segment: SEBI may scrap plan
The Securities and Exchange Board of India (SEBI) may scrap a plan of circuit filters for stocks which are part of the future and options segment.

US-based Hines partners with Conscient for Rs 1,500 cr housing project in Gurugram
Hines and Conscient have together put in Rs 500 crore equity fund into the JV for development of housing project ‘Elevate’.

Lemon Tree: To Invest Rs 800 Cr For Second Premier Hotel In Mumbai

Piyush Goyal takes stock of draft National Logistics Policy
India’s logistics sector is highly fragmented, and the aim is to reduce the logistics cost from the present 14 percent of the GDP to less than 10 percent by 2022.

Trump warns of ‘Plan B’ on China trade: Billions more in tariffs

Cryptocurrency Exchange Koinex Shuts Operations.

Cryptocurrency exchange Koinex on Thursday announced its decision to shut down all of its digital assets exchange services and operations. In a series of posts on microblogging site Twitter.

Government May Lower Employees’ Provident Fund Rates: Report

Nearly one-fifth of India’s workforce are EPFO’s members, contributing every month a part of their salary which is then matched by their employers

From Agencies: Max India To Divest Unit Pharmax Stake To Max Estates For Rs 61.2 Cr

FSSAI plans colour-coded lebel for packaged food products with high fat, sugar, salt.

Promoters infuse Rs 2,250 crore in DLF on warrants conversion for equity shares

Sebi Raises Disclosure Norms; Tightens Rules For Mutual Funds

Sebi also put a cap of 5 per cent of net sales on royalty paid by companies to their parents or promoters

India faces weak monsoon rains, raising fears for crops, economy

Sebi says MF-promoter pacts do not hold, tightens rules to protect debt fund investors

Government Shelves Sale Of Air India For Now

The aviation sector is facing turmoil with one of its biggest private carriers, Jet Airways, facing bankruptcy, while passenger growth in the market overall has slowed.

TCIL looks to US telecoms to boost fibre network: Report

Industry Body For Lower Taxes To Incentivise Equity Investments

Union Budget 2019: CII in a statement said that the tax rate on all corporate taxpayers should be reduced to 25 per cent unconditionally without any turnover criteria

Sebi fines Mallya Pvt Ltd, Pharma Trading Rs 12 lakh for disclosure lapses
Mallya Pvt Ltd and Pharma Trading were promoters of UBHL at the time of violation.

Sebi will soon take action in WhatsApp leak case
In November 2017, Reuters had reported that price-sensitive information had been shared on a WhatsApp 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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