EOD Update as on 18-09-2019

RBI considering bringing payment aggregators and gateways under direct supervision
Such a move would make it mandatory for all these companies to adhere to regulatory compliances prescribed by RBI.

Mukesh Ambani’s shareholding in RIL increases to 48.87%
Reliance Services and Holdings on Tuesday said that it has acquired 2.71 per cent stake.

Nirmala Sitharaman May Announce More Fiscal Measures: Report

Before that she had announced rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors in Budget 2019-20.

The curious case of Bhavish Aggarwal and Ola Electric
Founded in 2010, Ola has raised $3.3 billion to date, and is valued at $5.7 billion. Key investors in the startup include Softbank, Tiger Global, Tencent, Matrix Partners and DST Global

Donald Trump, PM Modi joint address truly historic tribute to Indian-Americans’ contributions
The White House has announced that Trump would join Modi at the mega Houston rally, which would be attended by more than 50,000 Indian Americans, on September 22.

Startups seek change in listing requirement
The startups want review of promoter shareholding norm; Ola, Lenskart, PolicyBazaar, Oyo among companies in talks with Sebi.

CG Power case: Sebi bans Gautham Thapar, 3 others from markets; orders forensic audit
Besides Thapar, the other officials facing ban are CG Power’s ex-CFO V R Venkatesh and former directors — Madhav Acharya and B Hariharan.

Coffee Day Enterprises gains 5% on Rs 2,700-cr deal for GV Techparks
The deal will substantially bring down the group’s debt, which is said to be around Rs 4,970 crore

Reliance Jio To Be Among Top 100 Global Brands In 3 Years: Report

The report titled -BrandZ Top 100 Most Valuable Global Brand for 2019-, which stated that Indian consumers see Reliance Jio as -meaningfully different-, comes less than two weeks after the company.

Development should not be at cost of citizens: Aaditya Thackeray
The proposed Rs 3 lakh crore refinery at Nanar in the state’s Ratnagiri district was scrapped earlier this year after the Sena put.

Gujarat Alkalies rises 2% on commissioning of 20 MW AC solar power plant.

Balmer Lawrie dips 6% after bonus issue is deferred.

CG Power slips 5% after SEBI bars former chairman from accessing securities market.

Sunteck Realty climbs 4% on acquisition of premium project in Mumbai

The luxury developer said the project has potential for development of approximately 1.1 million square feet in saleable area.

Reliance Industries gains as promoter increases stake to 48.87%
Reliance Services and Holdings Limited acquired more than 2.71 stake in Reliance Industries.

Government To Invite Bids From Global Coal Miners Before 2019-End: Report

The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

Oyo to buy uxury hotels in US, to raise $200 mn
Oyo’s strategy to raise debt for buying hotels in the US is one that it has followed in India and Europe as well.

LED/LCD Televisions To Get Cheaper As Government Scraps Import Duty

In June 2017, the government had imposed a custom duty of 5 per cent on import of such panels.

Five Ways US Central Bank’s Expected Rate Cut Could Affect Consumers

The US central bank is expected to cut its benchmark rate by one quarter of a percentage point to a range of 1.75-2 per cent, the second rate reduction this year. Broader impacts of the Federal.

What makes Dabur a buy stock
The company’s power-brand strategy helped it achieve revenue momentum supported by 11 percent volume growth in FY19 and 9.6 percent in Q1FY20

HCL Technologies gains on contract win from Aperam
The company secured a contract with Aperam, a global player in stainless, electrical and specialty steel.

Mukesh Ambani raises stake in Reliance Industries to 48.87%
Reliance Services and Holdings Ltd, controlled by promoter group firm Petroleum Trust, acquired 17.18 crore or 2.71 percent stake in Reliance on September 13, it 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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