EOD update 11-04-2019


11th April 2019

Economic Times

Ø Some reforms in India show benefits of digitalisation: IMF
Ø Vodafone India’s $3.5 billion equity issuance not enough: Fitch
Ø ECB keeps easy policy unchanged amid global gloom
Ø DoT forms panel to deal with insolvency issues
Ø Airtel to have European vendors for 4G calling service
Ø Wipro to consider share buyback on April 16
Ø Delhi HC asks RBI to explain how G Pay is operating

Business Standard

Ø I-T crackdown: Over 100,000, mostly HNIs, come under lens for AY12-13
Ø Renewable energy sector attracts FDI worth $7.48 billion since April 2000
Ø Govt extends last date for filing GSTR-1 for March till April 13
Ø Mutual funds close FY19 with 11.41% rise in AUM at Rs 23.8 trillion
Ø Irdai directs insurers to share status of claims with policyholders

Business Line

Ø IOCL stops fuel supply to Jet for a while
Ø Govt retains GPF interest rate at 8% for Q1 FY20
Ø Growth in steel demand to slow to 7.2%
Ø Hindalco temporarily suspends operations of alumina plant in Jharkhand
Ø India’s April-February rice exports drop 9.4%, pulses surge
Ø SAIL supplies steel for indigenous artillery gun, Dhanush

Mint

Ø PFRDA to issue new guidelines on FDI in pension sector
Ø Theresa May to ask EU for Brexit delay; long extension expected
Ø JSW Steel sells $500 million debt to overseas investors
Ø Wockhardt gets USFDA nod for Decitabine injection
Ø SBI Caps extends bidding deadline for Jet Airways stake sale
Ø TCS, Google join hands to build industry-specific cloud solutions

Financial Express

Ø Paraguay seeks Indian technology and investments for diversifying its economy
Ø Protectionism, commodity prices, inadequate liquidity are major challenges for exporters: FIEO
Ø European Union offers Britain six-month delay to Brexit date
Ø Jio, Vodafone Idea, Airtel pay spectrum dues of over Rs 10,000 crore in April; Anil Ambani’s RCom yet to pay

Deccan Chronicle

Ø Agri, processed food products’ exports dip 2.27 pc in Apr-Feb 2018-19
Ø Sebi revises charges related to basic services demat account
Ø Rupee spurts 19 paise to 69.11 vs USD
Ø Jaitley addresses global investors on reforms, economic outlook
Ø Zambian villagers win right to sue Vedanta

Cargo agent seizes Jet Airways plane in Amsterdam for dues

Mutual fund SIP collections up 38% in FY19 despite market volatility

Data warehousing market to reach $34.69 Bn, globally by 2025 at 8.2% CAGR

Aviation Regulator Allows Lessors To Take Back 7 Jet Airways Aircraft

In the last few weeks Jet Airways has been grounding its aircraft in tranches due to non-payment of dues to its lessors.

SEBI revises charges related to basic services demat account

India needs to bolster level of capitalisation of government-owned banks: IMF

L&T acquires TIDCO’s 3% stake in L&T Shipbuilding for Rs 32.74 cr

Naresh Goyal Pledges 26% Shares In Jet Airways For Loans

Naresh Goyal quit last month as the chairman of Jet as part of a SBI-led banking consortium’s debt resolution plan.

Indian sugar mills owe record Rs 30,335 crore to cane growers
Farm leaders say Prime Minister Narendra Modi’s government has not done enough to help them get the cash owed them. Modi’s office did not respond to an email seeking comment.

RBI rate cut to benefit securitised home-loan books: Moody’s
The recent RBI cuts will help counterbalance the higher costs and help prevent further mortgage rate rises, Moody’s said.

Jet Airways’ International Operations Under Scrutiny: Report

As per rules, an airline needs to have minimum 20 aircraft to be eligible to operate international flights.

Supreme Court Reserves Order On Plea Against Singh Brothers

The bench headed by Chief Justice Ranjan Gogoi said it will decide on the issue of “contempt of court” only.

Jet Airways Cancels All International Flights Today, Tomorrow: Sources

The government is monitoring the operational situation at Jet Airways closely to ensure the airline complies with overseas flying rules.

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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