EOD update 29-03-2019


Moody’s assigns ‘Baa3’ issuer rating to IndusInd Bank; outlook stable

Titan’s m-cap tops Rs 1 lakh cr mark
Titan is ranked 30th in the list of top companies based on their market valuation on the BSE.

SC refuses to stay merger of Vijaya, Dena banks with BOB
The top court dismissed the applications filed by several bank officers’ associations for staying the merger, effective April 1.

Cement sector volume up 13.6% till January this fiscal, says ICRA
The growth was almost double the 7% increase forecast by the agency.

Union Bank of India raises Rs 426 crore vis ESPS, falls short of target
The bank allotted 7.29 crore equity shares at Rs 58.49 a share to employees under the ESPS.

Awaiting Sebi approval for completion of merger with Gruh Finance, says Bandhan Bank

Adani Logistics buys InLogistics for Rs 331.5 cr
The company said the transaction implies an equity value of Rs 43.2 crore for 100 percent of InLogistics shares and 10 times multiple of its expected pre-tax earnings for FY19

PNB sells stake in PNB Housing Fin for Rs 1,851.60 crore
After the transaction, PNB will continue to hold a strategic stake of 19.78 per cent in PNB Housing.

Essar Steel debt resolution: Operational creditors to get an additional Rs 1,000cr
This means that lenders may have to forgo more than the earlier estimated Rs 41,987 crore, or 92 percent of their dues

NCLT Approves Zydus Wellness’ Rs 4,600 Cr Acquisition Of Heinz India

Apollo Tyres Promoter Pledged 40 Lk Shares Of Co On Tuesday

Lyft snaps up a tag of $24.3 bn as IPO goes the distance
The first ride-hailing IPO raised more than it had set off to do as investors overlooked uncertainty.

Government Raises Natural Gas Price For April-September By 10%: Report

Higher gas prices, however, will lead to higher earnings for state-owned Oil and Natural Gas Corp Ltd and Oil India Ltd.
India raises natural gas price for April-September by about 10% to $3.69 per million(mmBtu): Report

China’s $13 trillion bond market set for global index debut
Morgan Stanley sees as much as $120 billion going into Chinas government bond market annually from 2020 to 2030.

Amtek Auto Case Update: NCLAT Stays Amtek Auto Order; CoC Will Not Deal With Any Other Resolution Plan

Rescue Deal Is No Panacea For Cash-Strapped Jet Airways: Report

Jet shares have rallied 20 per cent since news of the rescue on hopes that the airline would now be able to clear salaries, redeploy grounded planes and claw back market share.

BigBasket raises $150 mn from Mirae, Alibaba and CDC Group
Bigbasket had raised USD 300 million in February last year from Alibaba and others. In November, it had said it was looking at raising fresh funds of up to USD 200 million.

Our margin has been by and large consistent: A K Choudhary, RVNL
In the present government, the capital investment in Indian Railways has gone up three-fold.

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.

Leave a Reply