EOD Update 31-05-2019


Panel on cryptocurrency to soon submit report: Subhash Chandra Garg (Finance Secretary)

NCLT rejects Essar Power bid under Section 12A for Essar Power Jharkhand

IDBI Bank reports Q4 net loss at Rs 4,918.4 cr Vs loss of Rs 5,662.8 cr (YoY)

7.26% 2029 bonds end down 7 paise at Rs 100.85; yield at 7.13%

Coal India Q4 tax expense at Rs 2,866 cr vs write-back of Rs 138 cr (YoY)

Arjun Munda takes oath as Union Minister

SEBI slaps Rs 10 lakh fine on Choice Broking for misusing clients’ fund

ONGC Q4 profit slumps 32% to Rs 4,045 crore

Infibeam Avenues Q4 net profit rises to over Rs 75 cr

GOCL Corp reports 19% rise in consolidated net profit, to pay 100% dividend

Flipkart’s Sachin Bansal joins Ujjivan Small Finance Bank as director

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

What Anil Ambani Is Looking To Sell Next: Report

Reliance Capital Ltd., controlled by Mr Ambani, is discussing the contours of a deal to sell Mumbai-based Reliance General Insurance.

IMD: Monsoon Rainfall For 2019 Most Likely To Be Normal Monsoon Seen At 96% Of Long-Term Average Over North-West India This Year Monsoon Seen 100% Of LPA

Himadri Speciality Chemical FY19 profit up 31% at Rs 324 crore
Total revenue increased 20 percent to Rs 2,422 crore in 2018-19 compared to Rs 2,022 crore in the previous year.

Bharat Rasayan Standalone March 2019 Net Sales at Rs 272.23 crore, up 40.73% Y-o-Y

Banco Products Standalone March 2019 Net Sales at Rs 189.59 crore, up 4.9% Y-o-Y

Dredging Corp Standalone March 2019 Net Sales at Rs 238.47 crore, up 56.11% Y-o-Y

Breaking News: Modi Sarkar 2.0
Complete List Of Portfolio Allocation Announced.


FinMinIndia Sources: Nirmala Sitharaman Likey To Take Charge As Finance Minister Later Today.

PC Jeweller slips nearly 9% on posting losses in Q4
During the full 2018-19 fiscal, P C Jeweller has posted a standalone net loss of Rs 2.81 crore as against a net profit of Rs 567.4 crore in the previous year.

Cox & Kings posts Q4 net profit of Rs 1,388.84 cr
Consolidated total income from operations of the company stood at Rs 1,262.89 crore for the quarter under consideration. It was Rs 1,214.04 crore for the same period year ago.

Investors pull more than $10 billion from stocks, keep piling into bonds: BAML
About $3 trillion in value has been wiped off global equities in May.

Uniply Ind Consolidated March 2019 Net Sales at Rs 97.84 crore, down 16.5% Y-o-Y

Vivimed Labs Consolidated March 2019 Net Sales at Rs 348.08 crore, up 21.87% Y-o-Y

Ent Network Ind Consolidated March 2019 Net Sales at Rs 175.77 crore, up 10.28% Y-o-Y

Kellton Tech Consolidated March 2019 Net Sales at Rs 190.16 crore, down 11.52% Y-o-Y

Geojit Fin Consolidated March 2019 Net Sales at Rs 71.17 crore, down 18.28% Y-o-Y

Suzlon Energy Consolidated March 2019 Net Sales at Rs 1,444.86 crore, down 35.63% Y-o-Y

GDP growth at 5.8% in March quarter, slowest pace in two years

The RBI had in its bi-monthly monetary policy review in April lowered its GDP growth projection to 7.2 per cent in 2019-20, from 7.4 per cent.

April’s Fiscal Deficit At 22% Of Budgeted Target

The government has set a fiscal deficit target of 3.4 per centfor 2019/20, same as 2018/19.

Infrastructure Output Rises 2.6% In April

Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40 per cent of country’s industrial output.

REPL FY19 net profit rises 67% to Rs 8.4 crore; order book rises to Rs 280 crore
Total income rose to Rs 53.46 crore during 2018-19 from Rs 43.98 crore in the previous year.

Unemployment Rate Rises 6.1% in 2017-18

The same figure was leaked to a newspaper in January, which said it was the highest since 1972/73.

Simplex Infra Standalone March 2019 Net Sales at Rs 1,574.70 crore, down 4.46% Y-o-Y

Economic Growth Pace To Be ‘Relatively Slower’ In April-June: Official

Country’s economy grew at a much-lower-than-expected 5.8 per centin the January-March period, falling behind China’s pace for the first time in nearly two years, data showed.

HSBC mulls job cuts in investment banking to salvage margins: Report

Jaypee Infratech case: Voting on NBCC bid underway; IDBI moves NCLAT to vote against plan

SEBI slaps Rs 30 lakh fine on 6 entities for fraudulent trade

Union Budget will be presented on July 5: Prakash Javadekar

SEBI slaps Rs 60 lakh fine on 12 entities for non-genuine trades in scrip of Tilak Finance

Government To Present Full-Year Budget On July 5: Farm Minister

Prime Minister Narendra Modi’s government stepped up farm support and reduced the tax burden for the middle class in its interim budget in February, which was presented ahead of the elections.

Cabinet Extends Cash Handout Programme For Farmers: Farm Minister

The cabinet, the first under PM Modi’s second term, also agreed to roll out a pension plan for farmers, Mr Tomar said.

Cabinet Approves Pension Scheme For Shopkeepers, Traders

The decision taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi will benefit 3 crore retail traders and shopkeepers.

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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