Tower Talk – March 08 – 15, 2019

Shriram Transport Finance intends to tap the overseas market in dollar-bond sales to meet its capex plans. Buy. Reliance Jio has bought majority stake in Haptik (an artificial intelligence firm) for ~Rs.700 crore. A positive for its parent company – Reliance Industries. Buy. JK Tyre & Industries has made a preferential allotment of Rs.200 crore Read More

News of the day – 08 Apr 2019

Business Standard Ø  Jet lenders to invite EoIs for bidding on Monday Ø  New rules to identify cos controlled from abroad Ø  Irdai mulls offering installment mode for insurances Ø  RBI yet to approve Lakshmi Vilas Bank-IHFL merger Ø  NGT imposes Rs 100-cr penalty over illegal sand mining Ø  NIIT Tech to acquire WHISHWORKS; sell Read More

News of the day – 05 Apr 2019

Business Standard Ø RBI to ensure strict turnaround time for complaints Ø Maruti cut vehicle production by 21% in March Ø Will work for better transmission of rates: RBI Guv Ø India’s spend on R&D low: Niti Aayog chief Ø Banks may lose over Rs 90,000 crore as Videocon sinks Ø Govt mulls attractive VRS Read More

News of the day – 04 Apr 2019

Business Standard Ø  Moscow Exchange signs deals with Indian bourses to attract investors Ø  New investment proposals in 2018-19 lowest in 14 years Ø  Sebi defers UPI for retail IPO investors till June 30 Ø  Naresh Goyal agrees to conditions laid down by lenders Ø  Southwest Monsoon to be below normal this yr: Skymet Ø  Centre pays sovereign guarantees for IL&FS Read More