EOD Update as on 17-09-2019

Board Meetings Today: Bajaj Finance, NHPC, L&T Finance, KEI Ind and DB Corp
It makes sense to have a look at the corporate agendas for the days as announced to the stock exchanges.

TRF slips nearly 3% after Canyon Point terminates SPA

Canyon expressed its inability to complete the transactions as per SPA citing occurrence of material adverse changes and has terminated the said SPA with immediate effect.

Titan rises after Morgan Stanley upgrades stock to ‘Overweight’, raises FY20 EPS by 3%.

Saudi Arabia Shockwaves Rattle Indian Markets

Saudi Arabia is the second largest country India imports oil from. If the oil prices continue to rise, it could widen India’s current account deficit as every dollar rise in oil price.

SBI wants to bring back teaser loans, but will it get RBI nod?
This is not the first time that SBI is trying to bring such a product into the market. Its earlier attempts were thwarted by the regulator as it had a different take on these hybrid loans. So, why is SBI keen on bringing them back?

Bharti Airtel falls 3% after talks begin to sell stake in merged tower company

Amansa Capital raises stake in Intellect Design to 5.06% from 4.92% earlier

GST Council meet: Relief for cars, hotels likely; sin goods may be at receiving end
Investors may still welcome any tax cuts ahead of the festive season, said analysts.

Disinvestment buzz | NHPC eyes InvIT route to monetise 10 projects
NHPC will hire a consultant to assess feasibility of monetizing a few hydro assets via the limited tender route. NHPC posted a net profit of Rs 2,631 crore on a revenue of Rs 8,161 crore in 2018-19.

Tata partners with IIT Bombay to develop e-racecar

The IIT Bombay Racing Team, which is also India’s Formula Student Electric team, consists of 70 engineers.

Zomato curbs income of delivery boys, may move to a new payment structure
Over the past couple of months Zomato cut payments and incentives of delivery boys by up to 40 percent.

Over 6 Crore Provident Fund Subscribers To Get 8.65% Interest For 2018-19

The Central Board of Trustees — the apex decision-making body of the Employees” Provident Fund Organisation (EPFO) — had approved 8.65 per cent interest rate for the last fiscal in February.

BEL expects to maintain 17-19% EBITDA margins, says CMD
The margins will certainly cross 20-21% once we make more revenues, says MV Gowtama.

L&T Finance Holdings to raise up to Rs 150 crore by issuing bonds on private placement basis
The date of allotment of the bonds is September 20, 2019.

AB Inbev launches second Asia IPO attempt, targets up to $6.6 billion
The Belgium-based company would raise up to $4.8 billion without the upsize option.

Government fund to help complete 2.5 lakh housing units: Report

Out of these, approximately 92,350 units have been delayed in MMR and could get a new lease of life.

$660 billion Vs $36 billion. What do these numbers tell about RCEP?
AS of now, the numbers seem to be stacked against India.

Over 6 Crore Provident Fund Accounts To Be Credited With 8.65% Interest

Over 6 crore Employees’ Provident Fund Organization (EPFO) accounts will be credited with interest amount at 8.65 per cent rate for 2018-19 ahead of the festival season, Labour Minister Santosh.

CCI approves $1.5 billion buyback of Oyo shares by founder: Report
The report noted that after the buyout, Agarwal will see his stake in Oyo increase to 30 percent, which would make him the second-largest stakeholder.

Investing in mutual fund becomes cheaper on Sebi measures
India had been among the most-expensive countries when it comes to expense ratios.

Air-to-air missile Astra test-fired from Sukhoi-30 MKI
The state-of-the-art missile was launched from Sukhoi-30 MKI as a part of user trials by the Indian Air Force, an official statement said.

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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