Black money worth Rs 2 lakh crore was recovered post
demonetization. PM mentioned that they have cancelled the
registration of as many as 1.75 lakh companies. After a painful week, NIFTY formed a bull candle and moved above 50DMA. The government has imposed a new penalty of USD 264 million (about Rs 1,700 crore) on Reliance Industries Ltd and its partners for producing less than the targeted natural gas from eastern offshore KG-D6 fields in 2015-16.
In July Trade deficit widens to $11.5 bn in July: Exports see
3.94% growth at $22.5 bn, import jumps 15.42%
NPAs is on the rise. Gross NPAs of the public sector banks rose to Rs 6.41 lakh crore at the end of March 2017 as against Rs 5.02 lakh crore a year ago .
Pharma industry struggling with USFDA norms and competition
in generic business. Sun pharma made fresh lows and the firms have now started targeting the speciality segment.