EOD UPDATE 28-06-2019

Donald Trump says to talk trade, defence with Japanese PM Shinzo Abe at G20.

Twitter announces action against politicians’ rule-breaking tweets.

Centre to go ahead with disinvestment process of Air India: Ministry of Civil Aviation.

Iran seen breaking nuclear pact limit in days; Donald Trump says ‘no time pressure.

Oil prices fall as market awaits G20, OPEC meeting
Brent crude futures were down 39 cents, or 0.6%, at $66.16 per barrel by 0245 GMT.

Five Japanese automakers sign on to SoftBank-Toyota self-drive venture.

Government, RBI Must Work More Closely To Boost Growth: Shaktikanta Das

A dip in consumption and private investment has exerted pressure on the fiscal math, Shaktikanta Das said

Bad Loans Fall To 9.3% In 2018-19: RBI Report

The share of the state-run banks in the overall NPAs was at an elevated 12.6 per cent, but is likely to come down to12 per cent by March 2020.

LIC sees 9.4% growth in assets in FY19

Bank of Maharasthra to raise up to Rs 3,000 cr equity capital.

Axis Bank plans share sale to raise Rs 10,000 crore.

Cafe Coffee Day founder Siddhartha seeks Rs 8-10k cr valuation from Coca-Cola for his coffee chain.

PM Modi, US President Donald Trump hold talks; discuss trade, defence, 5G.

Turmeric Makes It To BSE’s Commodity Derivatives Segment

BSE announced Nizamabad as the basic delivery centre for the turmeric contracts, and Sangli, Erode, and Basmat as additional delivery centres.

Investors oust Fundsindia.com co-founders

RBI concerned over high level of promoter pledging

BoJ boards debate of more easing at June meet signals possible early action

Sobha, Brigade drop as K’taka govt looks to ban the construction of new flats in Bengaluru.

Automakers may readily take back unsold BS-IV stock after April 1, 2020 deadline.

NBFC woes send bond premiums to highest since 2013
Trouble has only spread across the sector in recent months.

Sebi regulations to push up borrowing costs in some sectors: A Balasubramanian, Aditya Birla Sun Life AMC

Power Grid board meet next week to consider raising up to Rs 10,000 cr

HDB Fin valued at Rs 80,000 cr in grey market amid hopes of an early IPO: Report

DHFL postpones financial results by 2 weeks
The non-banking finance company has been facing liquidity crisis and has recently defaulted on its repayment obligations.

Failure Of A Big Non-Banking Lender Could Cause Large Damage: RBI

The central bank said bank borrowings have risen. Their share of total borrowings was 29.2 per cent in March 2019 versus 23.6 per cent a year earlier and 21.2 per centin March 2017.

Illegal gold chips away at Kerala Jewellers’ Business
Traders say theyre losing 25-30% business, claim import duty & GST are encouraging illegal trade.

Airtel Africa drops 12.5% in early trade after London debut
Airtel last week set price range of 80 to 100 pence per share for its IPO.

Govt to phase out licensing requirement for businesses: Report
It will assess whether the licensing should be scrapped or replaced by a registration process

Govt working on finalising fresh divestment plan for Air India: Report
A Preliminary Information Memorandum (PIM) is likely to be floated in July as the divestment is part of a 100-day agenda.

Bharti Airtel shuts 3G service in Kolkata
Telecom operator Bharti Airtel on Friday announced closing of 3G service in Kolkata as part of its plan to replace the third generation mobile technology with 4G in the country.

BJP MPs will not interrupt discussion on extension of President’s rule in JK: Amit Shah

CCI examining complaints regarding hike in cement price, cartelisation: Piyush Goyal

Fiscal Deficit Hits 52% Of Budgeted Target In May

Net tax receipts in the first two months of the fiscal year were Rs 1.15 lakh crore, while total expenditure was Rs 5.13 lakh crore, government data showed.

Railway Announcements You Need To Know After Merger Of Rail, Union Budget

This year’s Budget – the first full budget by PM Modi-led NDA government after returning to power in May- will also include announcements for Railways.

Budget 2019 To Shape The Future Trend Of Equity Market, Says Experts

The S&P Sensex and NSE Nifty 50 Indexes corrected 0.8 per cent and 1.12 per cent respectively in the month of June and all eyes will be on the Budget.

Gold Prices Fall On Easing Demand.

Gold of 99.9 per cent and 99.5 per cent purity dropped Rs 65 each to Rs 34,285 and Rs 34,115 per 10 gram, respectively.

Telecom Regulator Unlikely To Review 5G Spectrum Prices: Report

The sector is under financial stress and operators find the prices are too high to bid and are globally uncompetitive as in the 5G spectrum auction in South Korea.

Interest Rate On Small Savings Schemes Cut By 0.1%

The government on Friday reduced interest rate on small savings schemes, including National Savings Certificate (NSC) and PPF, by 0.1 per cent.

Second phase of UPI mechanism for retail investors from July 1: Sebi

AdiGroup, Employee Consortium To Bid For 75% Of Jet Airways

The AdiGroup and Jet Employees Consortium combine is confident of reviving the airline by successfully bidding for the airline under the process.

Sebi allows Religare Finvest to sell assets to ARCs, restructure debt, raise capital

RBI relaxes leverage ratio for banks to boost their lending capacity

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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