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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.

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