The weekly business news report summarizes key economic, industry, company and stock market news from the past week in India. It notes that Delhi airport saw record passenger numbers after the second COVID wave, global food prices hit a 10 year peak, and Fitch lowered India's GDP growth forecast. It also discusses coal shortages impacting metals, the Ujwala gas scheme facing losses, and Piramal Enterprises board approving the demerger of its pharma business. The stock market indices all rose around 2% for the week. An editorial argues that India's middle class has stopped growing and the country is taking money from the poor to give to the wealthy.
The weekly business news report summarizes key economic, industry, company and stock market news from the past week in India. It notes that Delhi airport saw record passenger numbers after the second COVID wave, global food prices hit a 10 year peak, and Fitch lowered India's GDP growth forecast. It also discusses coal shortages impacting metals, the Ujwala gas scheme facing losses, and Piramal Enterprises board approving the demerger of its pharma business. The stock market indices all rose around 2% for the week. An editorial argues that India's middle class has stopped growing and the country is taking money from the poor to give to the wealthy.
The weekly business news report summarizes key economic, industry, company and stock market news from the past week in India. It notes that Delhi airport saw record passenger numbers after the second COVID wave, global food prices hit a 10 year peak, and Fitch lowered India's GDP growth forecast. It also discusses coal shortages impacting metals, the Ujwala gas scheme facing losses, and Piramal Enterprises board approving the demerger of its pharma business. The stock market indices all rose around 2% for the week. An editorial argues that India's middle class has stopped growing and the country is taking money from the poor to give to the wealthy.
I MBA II SEMESTER BUSINESS NEW ANALYSIS WEEKLY REPORT (04/10/2021 to 08/10/2021)
1. Economy News: Source
Delhi Airport sees record number of passengers after second COVID- 19 wave. Spike in Baltic Exchanges capsize Index. Fitch ratings cuts India’s GDP growth projections to 8.7 % for Financial Year 2022. World food price rise to a 10 year peak : FAO Global Debt to hit 260% of GDP, but low interest rates to help: S & P
2. INDUSTRY NEWS: Source
Coal Shortage affects metals PSU oil companies face Rs 4,000cr Ujwala loss. Power reforms on the horizon as end of 10 year old dispute. Life insurance co’s see 22% new biz premium growth in September 2021. Container supply chain drives Wal-Mart, rivals to hire own ships.
3. COMPNAY NEWS: Source
Piramal Enterprises board approves to demerge and list Pharma business. NCLAT gives more time to Zee to file reply to INVESCO’s plea for EGM. SREI underlines high-risk nature of NBFC business. Tata Motors likely to takeover Ford’s Chennai unit. Dixon Technologies to maker ACER laptops in India under PLI scheme
4. STOCK MARKET NEWS: Source
INDICIES 8/10/2021 Weekly % Change S & P BSE SENSEX 60059 2.2% NIFTY 50 17895 2.07% BANK NIFTY 37775 1.48% INDIA VIX 15.65 -3.11% US Dollar /INR 74.91 Brent Crude ($/bbl) 83.2 Gold (10gm) 47013 Dowjones 34746 1.22% S & P 500 4391 0.79%
5.BS EDITORIAL OPINION: Source
Eoconomy recovery and precepts of Middle class India entered the period of demographic dividend. There are 40 million fewer Indians working today than in 2013. The participator rate in the labour force is 61% in US where as in India is 40% (CMIE) GDP growths in the India fell more or less simultaneously across the nine quarters begin January 2018. According the Editorial by AAKAR PATEL, India’s middle cross appears to have stopped growing. Residential property sales are stagnant. Author argues that India is taking money from its poor and giving it to the wealthy
6. MISCELLANEOUS NEWS: Source
Mukesh Ambani tops Frobes rich list with 92 billion wealth Demand rises for ESG funds.
SOURCE : Business Standard Prepared By:
1. Dr. Gangineni Dhananjhay Dean- MBA 2. D. Sumalalitha Asst. Professor – Dept.MBA