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SEBI Reprimands PNB, Bajaj Finance Reports 60% Growth et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
May 17, 2018 12:45 PM 1 min read

End of Day Wrap-up (Thursday / May 17, 2018) #RCom #Anarocks #SEBI #PNB #BajajFinance #US #Senate #Youtube #YoutubeMusic #Transfin

Editor's comment: RCom as per reports may settle outstanding debt directly with Ericsson without going through NCLT. The tribunal may place RCom into insolvency proceedings. $3.7bn deal with Jio at risk considering 'connected persons' are prohibited from acquiring assets of delinquent borrowers.  


Real estate consultancy Anarocks creates JV with hospitality consultancy HVS to tap $210bn hospitality sector in India. JV firm HVS Anarock to focus on brokerage, feasibility studies, operator searches, appraisals, executive search etc. in South Asia.


SEBI reprimands PNB over lapses in regulatory norms with respect to the Nirav Modi scandal, including delays and lack of adequate disclosure on provisions backing the INR2.8bn fraud during the recent quarterly results.  


Bajaj Finance reports 60% growth in standalone net profits at INR7,21cr in Q4. Net revenues from operations grow by 40%. Asset quality improves with gross NPA ratio at 1.48%.


US Senate approves resolution to nullify FCC's net neutrality rollback 52-47. Outcome only symbolic as House does not intend to take similar action. 


YouTube to roll out new music-streaming service, YouTube Music on May 22. To be introduced in the U.S., Australia, New Zealand, Mexico and South Korea.