WEEKLY TRENDS
The Weekly Business Digest
02nd 22nd October January 2016 2017
The Weekly Business Digest
SECTORAL INDICES BANK NIFTY 18,821-0.5 % NIFTY AUTO 9,601 + 0.0 %
NIFTY IT 10,133-1.3 % NIFTY FMCG 21,641 + 1.9 %
NIFTY MIDCAP 50
NIFTY SMALLCAP
NIFTY 50
WEEKLY TOP GAINERS Ultratech 3471.65 4.58 %
HUL 860.45 3.93 %
Idea Cellular 71.50 3.92 % WEEKLY TOP LOSERS
Reliance( RIL)
3,814-0.6 %
6,195-0.9 %
WEEKLY TRENDS
1025.8-5.92 %
Axis Bank 450.75-4.66 %
Impact of demonetisation: IMF slashes growth forecast for India to 6.6 % The IMF on Monday cut India’ s growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the“ temporary negative consumption shock” of demonetisation, days after the World Bank also decelerated India’ s growth estimates. The Indian economy is likely to go back to its previously estimated growth rate of 7.7 % in 2018 as per the update. To read more, click here: Indian Express
Practo raises $ 55mn from China’ s Tecent, existing investors Digital healthcare start-up Practo Technologies Pvt. Ltd has raised $ 55 million in a Series D funding led by China’ s Tencent Holdings Ltd. With the new funds coming in, Practo is now expected to enter into Health Insurance segment through partnerships with existing service providers. To read more, click here: Livemint
Jallikattu: Centre clears Ordinance The Centre on Friday cleared the ordinance on Jallikattu proposed by the Tamil Nadu government, a move that will allow the state to take the ordinance route to promulgate the bulltaming sport. The movement in the support of the sport saw participation of throngs of crowds in Chennai. To read more, click here: ET
Tech Mahindra
COMIC OF THE WEEK
468.65-4.06 %
Chinese province admits falsifying economic data for years! The Chinese province of Liaoning fabricated fiscal data for four years, a senior official has admitted, the latest blow to the already shaky reputation of China’ s economic statistics. Fiscal revenues in the province were inflated by at least 20 per cent from 2011 to 2014, said provincial governor Chen Qiufa, according to Communist party mouthpiece The People’ s Daily. Economists and investors have long expressed doubts about Chinese economic data, particularly gross domestic product figures. To read more, click here: CNN
QUIZ OF THE WEEK— Can the“ hard Brexit” as claimed by Theresa May be a reality?
2
Please send your answers and views to Networth @ iimb. ernet. in