EOD Update 05-03-2019

RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations

Zomato To Sell UAE Food Delivery Business For $172 Million

Info Edge, an online services firm, will own a 26.38 per cent stake in Zomato after the deal closes.

Vladimir Putin signs decree suspending INF nuclear pact: Kremlin

One-Third Of IL&FS Arm’s Lending Unsecured: Report

The Grant Thornton report said auditors noticed 10 regulatory or risk assessment issues by IL&FS in lending Rs 13,290 crore.

Ivanka Trump could be on next target list from US House Democrats: Panel chairman

NPAs under PM Modi’s flagship Mudra scheme seen between 10% and 15%: Report

Services Activity Accelerates In February As Demand Strengthens: Survey

This will provide some relief to policymakers and bolster hopes for a recovery in economic growth this quarter after Asia’s third-largest economy lost momentum in the final three months of 2018.

Tata Motors gains 10% on buzz of stake divestment in JLR. Macquarie has maintained outperform call on Tata Motors with a target at Rs 260 per share.

ED to probe the role of sanctioning committee in ICICI-Videocon Case.

Ashoka Buildcon emerges lowest bidder for Rs 443 crore railway project in Punjab. Ashoka Buildcon has submitted the bid to Rail Vikas Nigam Ltd in joint venture with Stroytech Services LLC.

Steel Strips bags 5-year order worth Rs 480 cr from an Indian OEM (Original Equipment Manufacturer)

National Housing Bank proposes to increase capital adequacy ratio for housing fin cos by 1% per year in a graded manner till 2022; capital adequacy ratio for HFCs currently at 12%

National Housing Bank proposes graded reduction in the limit of overall borrowings to 12x the net owned fund by 2022 from current level of 16x the net owned fund

Vedanta appoints Ajay Kapur as CEO of aluminium, power ops Alert: Ajay Kapur inducted in group’s executive committee

IOC subsidy dues likely to rise to Rs 17,000- Rs 18,000 cr by end of FY19 (from Sources)

Selan Exploration gains 8% as oil ministry grants extension for Bakrol field
The share touched its 52-week high Rs 277.50 and 52-week low Rs 158.80 on 10 May, 2018 and 15 February, 2019, respectively.

Mishra Dhatu Nigam rises 20% on order win worth Rs 475cr. The share touched its 52-week high Rs 177 and 52-week low Rs 86.35 on 20 April, 2018 and 04 April, 2018, respectively.

Reliance Infrastructure wins Rs 648 cr contract from AAI to build new airport at Rajkot, Gujarat

RBI slaps a fine of Rs 1 cr on YES BANK for non-compliance of directions on Swift messaging software

ABB India board approves Scheme of Arrangement between company & subsidiaries; demerged Power Grid business to be transferred to ABB Power Products

Larsen & Toubro construction arm bags multiple projects in Tamil Nadu, Jharkhand, Odisha

Andhra Bank seeks bids to sell 72 NPAs worth Rs 4,393 c

Relaxo Footwears has 3.3% of equity trade in block deal: Agencies

NBFC crisis fallout: BNP Paribas-owned Sharekhan drops plan to enter biz; may surrender license. The group’s non-banking finance company (NBFC) arm in India was to be called Sharekhan BNP Paribas Financial Services

Doubling tax-free gratuity limit to Rs 20 lakh to benefit PSU, pvt sector employees: Arun Jaitley

Apollo Tyres doubles FY20 capex to Rs 3,000 crore. Apollo Tyres’ seventh global manufacturing factory coming up in Andhra Pradesh will see an initial investment of Rs 1,800 crore.

Government fixes sugar sale quota at 24.5 lakh tonne for March. The central government has allocated sugar quota for sale to each of the 524 mills in the country.

SEBI directs promoters, directors of Supreme Tex to disgorge over Rs 18 crore

PM Modi to inaugurate, lay foundation stone of Rs 5,010-cr highway projects in Tamil Nadu

Reliance Infrastructure bags Rs 648 cr contract for the new greenfield airport in Rajkot

Corporate Tax Could Be Cut On Better GST Collections: Industry Body Ficci

The government has assured to reduce corporate tax to 25% from 30% once GST collections improve, said industrialists who met Finance Minister

RBI to infuse Rs 12,500 crore via OMO on Thursday

RBI Fines 19 Banks For Non-Compliance On SWIFT System Use

The RBI imposed the fines over the past four days, according to stock exchange filings by the banks, though specifics of the non-compliance were not disclosed.

SC issues notice to Centre on plea against Citizenship Bill

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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