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Stephen Hawkings Dies At 76, Deadline for Payment of Advance Tax Ends Tomorrow et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 14, 2018 12:57 PM 1 min read

End of Day Wrap-up (Wednesday / March 14, 2018) #RBI #LOU #Walmart #Flipkart #Tax #Google #Cryptocurrency #blockchain #Bitcoin #Ripple #Ethereum #StephenHawking #US #inflation #Transfin

Editor's Comment: RBI restricts all lenders from issuing letters of undertaking (LOUs), in light of the Nirav Modi scam. The central bank also restricts issuance of Letters of Comfort. Letters of Credit and bank guarantees will continue to be issues if certain parameters are met.


Walmart in final stages of negotiations to become the largest shareholder in Flipkart. The Bentonville-based retail giant could buy c.20-26% stake and increase its shareholding to 51%.


Deadline for payment of Advance Tax ends tomorrow.


Google to ban online ads promoting cryptocurrencies and ICOs starting in June. Facebook took a similar decision in January thi year. The search engine giant is also restricting ads for risky financial products such as binary options and with all-or-nothing payoff.


Stephen Hawking, one of the world's most renowned scientists, died at age 76. The Cambridge professor was diagnosed with motor neurone disease in 1963 and had a brilliant academic career exploring the mysteries of the universe.


US inflation remains muted at 2.2% (vs. 2.3% estimates) easing concerns amongst investors. Bond prices strengthened with 10y Treasury note yield dropping to 2.848% from 2.870%