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 ?
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