ANNUAL TRENDS
The Weekly Business Digest
02nd 7th October January 2016 2017
The Weekly Business Digest
SECTORAL INDICES BANK NIFTY 18,264 + 0.5 % NIFTY AUTO 9,507 + 4.0 %
NIFTY IT 10,110 -2.8 % NIFTY FMCG 20,867 + 0.5 %
NIFTY MIDCAP 50
NIFTY SMALLCAP
NIFTY 50
WEEKLY TOP GAINERS Yes Bank 1,246.75 7.8 %
Tata Steel 419.55 7.2 %
Adani Ports 286.05 6.56 % WEEKLY TOP LOSERS
Tech Mahindra
3,767 + 2.9 %
6,063 + 4.9 %
ANNUAL TRENDS
469.75 -3.92 %
Infosys 972.25 -3.79 %
TCS 2281.40 -3.56 %
COMIC OF THE WEEK
China vows to open up economy for FDI ; pre-empt any Trump action China , ranked 84th in Ease of doing Business behind Ukraine , has pledged to open tightly controlled sectors like public transport and railway equipment to FDI due to a worsening business environment and pre-empting any negative trade action from Trump . India beat China in FDI inflows in 2016 . To read more , click here : Indian Express | Taipei Times
Oil Prices rise as Saudi Arabia discusses oil supply cuts | $ 2 trillion Saudi Aramco IPO may not happen if oil prices rise Oil Prices rose as Saudi Arabia has agreed to cut output as per the OPEC deal in November by 486,000 barrels per day or 4.6 % of its October output . Investors remain suspicious over OPEC ’ s intent to fully comply with the supply cuts . IPO of the state run oil company , Saudi Aramco , expected worth $ 2 trillion , may be delayed due to lesser need for diversification on account of rising prices . To read more , click here : Investing | Oil Price
Apple invests $ 1 billion in Softbank ’ s $ 100 billion Vision Fund , Fund expected to close by Jan-end Apple will invest $ 1bn in Softbank ’ s $ 100bn Vision Fund aimed at investing in emergent technologies like Artificial Intelligence and Internet of Things ( IoT ). The Fund , a Softbank- Saudi Arabia government joint effort boasts of investors like Qualcomm Inc . To read more , click here : Tech Crunch | Wall Street Journal
Air Asia under CBI lens The Enforcement Directorate registered a case of foreign exchange violations against AirAsia India last month . On 5th January , CBI claimed that it is scrutinising AirAsia documents to examine allegations of fraudulent transactions of Rs 22 crores involving non-existent entities in India and Singapore . To read more , click here : Financial Express | Economic Times
China ’ s driverless cars get industry and government push , Baidu joins BAIC Keeping with its goal of 10 to 20 percent of vehicles to be highly autonomous by 2025 , the state owned Beijing Automotive Group Co . has joined hands with Baidu . A driverless car would debut in April at the Shanghai auto show . To read more , click here : Bloomberg
QUIZ OF THE WEEK — Is Bitcoin ’ s rally sustainable and reliable ? It more than doubled in value YoY but fell by one -fifth in the first week of 2017 . Will it ever pickup in the Indian market ?
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