In the Video:
Government mulls (considering) selling stakes in HZL (HIndustan Zinc Ltd.), ITC; DIPAM begins talks
To meet Disinvestment Target of current fiscal year
LIC offer scale down (60k down to around 20k Cr), Many IPOs on hold
DIPAM = Dept of funding and Public asset management
Banks to stop collateral-free Intra day funding to brokers
Intra day fund / borrowing – Short term borrowing taken to enter few trades in sector (Daylight Exposure)
RBI told 4 large private sector banks to start demanding minimum 50% collateral for such loans
Close to tying up Rs. 20K Cr. to fight rivals: Vi MD (Ravinder Takkar)
Vi’s Financial condition is very bad as of now – Excessive Debt, Loss making since aug 2019
Improvement with Equity conversion of borrowing charge obligations with govt
Need 20k Cr more to fight Jio and Airtel
Steel shares set to face Export duty heat
Export duty meaning, negative for steel sector
Export duty = More focus on Domestic supply = Less prices
SBI keen to sell stressed power, other loans
Circulated a list of 168 such accounts among ARCs, 1/3rd from Power sectors
Major – VOVL Ltd – 5090 Cr, KSK Mahanadi Power – 4100 Cr
HDFC (not HDFC lender) Plans to raise Rs. 12k Cr. via fixed-income securities
Raise upto 12000 Cr in largest local bond sale
In talks with LIC, SBI Pension Fund, LIC Pension Fund
10 Year papers paying 7.86% borrowing charge
SEBI summons top brass (Promoters, chief executive officer, CFO) of SecureKloud for alleged breaches
Manipulated financial statements in 2019
2012 to 2017 – stock gained 15000%, plunged 91% since then
Centre may have to borrow additional 1 Lakh Cr in H2
Due to excise duty cut on Petrol and diesel and Inflationary control measures
Short Updates
AETHER (speciality chemicals firm) IPO May 24 – May 26
eMudra IPO – May 20 to May 24
Tata Motors PV (Passenger Vehicle) volumes to surpass FY19’s this Fiscal
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