EOD Update 31-07-2019


Government Exploring Merger To Revive BSNL, MTNL: Report

BSNL’s estimated losses are Rs 14,000 crore in 2018-19 on the back of revenue that fell to Rs 19,308 crore in the same fiscal year.

Air India Express posts 35% decline in net profit for FY2018-19
The company earned a net profit of Rs 169 crore in FY 2018-19 compared with Rs 262 crore in the previous year.

Sebi fines ex-FTIL vice-president Naisadh Desai Rs 12 lakh for violating insider trading norms

Tribunal Extends Jaypee Infratech Resolution Time, Allows New Bids

The two-judge Bench, headed by NCLAT Chairman SJ Mukhopadhaya, however, barred Jayprakash Associates (JAL), the parent company of JIL, from bidding.

Dish TV posts loss of Rs 32 cr in June quarter

DHFL submits debt restructuring plan to core lenders
DHFL, the fourth-biggest housing finance company in India, has roughly Rs 1 lakh crore of debt.

VG Siddhartha LIVE Updates: CCD founder dead, body found near Mangaluru
Live updates: Cafe Coffee Day founder VG Siddhartha’s body has been found near Mangaluru. He was missing since July 29

  • Bank of India: Aim To Raise Rs 600 Cr Via Non-Core Assets Sale, Aim To Maintain Net NPA Below 6% In FY20
  • DHFL India: Sells 30.63% Stake In Avanse Financial Services For Rs 303 Cr

GRP Standalone June 2019 Net Sales at Rs 89.69 crore, up 15.67% Y-o-Y

https://www.moneycontrol.com/news/results/grp-standalone-june-2019-net-sales-at-rs-8969-crore1567-y-o-y_12819381.html

  • Capital Trade Standalone June 2019 Net Sales at Rs 0.86 crore, down 28.41% Y-o-Y.
  • Inani Sec Standalone June 2019 Net Sales at Rs 0.47 crore, down 0.46% Y-o-Y.
  • Midas Infra Standalone June 2019 Net Sales at Rs 49.13 crore, up 142.26% Y-o-Y.
  • Medi-Caps Consolidated June 2019 Net Sales at Rs 15.98 crore, up 100.16% Y-o-Y.
  • Shiva Global Consolidated June 2019 Net Sales at Rs 105.38 crore, down 12.63% Y-o-Y.
  • GRP Consolidated June 2019 Net Sales at Rs 89.83 crore, up 15.76% Y-o-Y.
  • NDTV Consolidated June 2019 Net Sales at Rs 109.67 crore, up 11.7% Y-o-Y

iPhone brings less than half of Apple’s revenue for the first time since 2012
Apple said overall revenue is up 1 per cent over Q3 2018, reaching $53.8 billion.

CCD founder dead; ICRA puts co on rating watch with -ve implications
Live updates: Cafe Coffee Day founder VG Siddhartha’s body has been found near Mangaluru. He was missing since July 29.

SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report
The bank presently holds 74 percent of SBI Cards and hopes to raise Rs 5,000-6,000 crore from a partial stake sale.

The ‘Taylor story’: How differences between IndiGo’s Rahul Bhatia & Rakesh Gangwal boiled over a CEO appointment
In less than a year, Gregory Taylor had re-joined IndiGo, only to have an unceremonious exit.

Indian Oil Corporation Q1 profit may fall over 50% YoY, sequentially.

VIP Industries Q1 volume growth fell to 9% from 25% last year but I am optimistic: Dilip Piramal
Indian economy has slowed down in the last quarter of 2018-19 and there was an impact on sale.

  • BF Utilities Standalone June 2019 Net Sales at Rs 4.89 crore, up 19.12% Y-o-Y
  • Apollo Tyres Q1 net profit jumps 43% to Rs 141.6 crore
    Depreciation for the quarter stood at Rs 267.3 crore, while tax expense was at Rs 35.1 crore.
  • Apollo Tyres Standalone June 2019 Net Sales at Rs 3,103.70 crore, up 1.43% Y-o-Y.
  • Apollo Tyres Consolidated June 2019 Net Sales at Rs 4,331.32 crore, up 1.01% Y-o-Y.
  • Batliboi Consolidated June 2019 Net Sales at Rs 50.25 crore, down 13.74% Y-o-Y.

Flipkart launches initiative to support artisans in India
The company has tied up with five not-for-profit organisations to bring at least 35,000 artisans on board.

Coffee Day Enterprises Appoints SV Ranganath As Interim Chairman

Coffee Day Enterprises, the operator of the Cafe Coffee Day chain, on Wednesday announced the appointment of independent director SV Ranganath as the interim chairman of its board.

Indian Oil Posts Profit Of Rs 3,624 Crore In June Quarter

The company said its total revenue rose 0.48 per cent to Rs 153109.93 crore in the quarter ended June 30.

Apollo Tyres Standalone June 2019 Net Sales at Rs 3,103.70 crore, up 1.43% Y-o-Y

https://www.moneycontrol.com/news/results/apollo-tyres-standalone-june-2019-net-sales-at-rs-310370-crore143-y-o-y_12820761.html

Batliboi Consolidated June 2019 Net Sales at Rs 50.25 crore, down 13.74% Y-o-Y

https://www.moneycontrol.com/news/results/batliboi-consolidated-june-2019-net-sales-at-rs-5025-crore-down-1374-y-o-y_12820721.html

Nifty Posts Worst Monthly Performance Since September 2018

The Sensex ended 0.22 per cent or 84 points higher at 37,481.12 and the Nifty advanced 0.29 per cent or 33 points to 11,118.

India Receives 42% More Rains Than Average This Week: Weather Office

The country received 42 per cent more rainfall than the 50-year average in the week to July 31, data from the India Meteorological Department (IMD) showed.

Infrastructure Output Grows 0.2% In June

Infrastructure output accounts for nearly 40 per cent of the country’s industrial output.

Eicher Motors Profit Falls 22% To Rs 452 Crore in June Quarter

Royal Enfield sold 181,966 motorcycles in the quarter, registering a fall of 19 per cent from 225,286 motorcycles sold during same period last year.

Star Cement Standalone June 2019 Net Sales at Rs 445.40 crore, up 0.59% Y-o-Y

https://www.moneycontrol.com/news/results/star-cement-standalone-june-2019-net-sales-at-rs-44540-crore059-y-o-y_12823001.html

HCL Info Consolidated June 2019 Net Sales at Rs 680.87 crore, down 40.1% Y-o-Y

https://www.moneycontrol.com/news/results/hcl-info-consolidated-june-2019-net-sales-at-rs-68087-crore-down-401-y-o-y_12822921.html

Zee Media Consolidated June 2019 Net Sales at Rs 200.66 crore, up 29.72% Y-o-Y

https://www.moneycontrol.com/news/results/zee-media-consolidated-june-2019-net-sales-at-rs-20066-crore2972-y-o-y_12822941.html

Angel Broking receives Sebi nod for Rs 600 cr IPO

https://www.moneycontrol.com/news/business/angel-broking-receives-sebi-nod-for-rs-600-cr-ipo_12823241.html

April-June Fiscal Deficit Reaches 61% Of Budgetary Target

Central government’s total expenditure stood at Rs 7.21 lakh crore (25.9 per cent of the budget estimates) and total receipts were Rs 2.89 lakh crore.

Monsoon Rains To Make Up For Early Shortfall: Weather Department Chief

The slow progress of the June-to-September monsoon season had led to fears of widespread drought, and has curbed the sowing of several summer-planted crops.

BSNL To Pay July Salary By August 5, Assures Chairman P K Purwar

In February this year, BSNL had defaulted on salaries, paying them on March 15 due to tightening revenue conditions.

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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