FinACE- Ace The World Of Finance ( August edition )

HIGHLIGHTS

Apple supplier Foxconn investing
millions in North Vietnam

Shares of Tata Group rising to a new
stand in the share market

CBI Raid Delhi Govt deputy CM

Can gold coins help Zimbabwe
amidst its 257% inflation?

The New Women Star of the Indian
Football

Is Laal Singh Chaddha crashes at
box office

Cost of raising a child: EXPENSIVE #MADE US PROUD

FOLLOW US : AUGUST
/ finanza.dsc EDITION

/finanzadsc.com 2022

ISSUE • 30 AUGUST 2022 • SUBSCRIBE

CONTENT1 FROM OUR MENTOR'S DESK I I
2 Meet the team III N
1 D
3 Corporate and startups 4 E
4 Financial entrepreneur X

5 Personal finance 5
6 Commonwealth Games 6
7 Financial facts you didn't 8

know 9
8 Fynamics

9 India 12
10 World 14
11 Miscellaneous
12 Voice your opinion 15
13 Financial Metrics 16
14 Financial Aptitude 17
15 Prodigium 18
16 Lights camera and finance 19
20

"When you INVEST , you are buying a

"day you don't have to work"

PRINCIPAL'S
CORNER

PROF.V.K.PALIWAL

Professor VK Paliwal, Ph.D., the esteemed principal
of our college, has been a valuable support for
Finanza. He is currently the officiating principal of
Dyal Singh College, University of Delhi . He has been a
valuable support for our society Finanza.

He was felicitated with the full bright Nehru Senior
Research Scholarship, USA in 2010-11. He has been
awarded the best Ph.D. thesis award in Material
Sciences-G. C. Jain Memorial Prize in 2005. He has
published numerous articles in national and
international journals and attended several
conferences as well.

Team Finanza is elated to work and learn under his
supervision and guidance. We sincerely thank Sir for
his unconditional support and guidance.

Team Finanza
Session 2022-23

I

FROM
OUR
MENTOR'S DESK
DR. RITA NAGPAL

( TIC , FINANZA )

Finanza, the finance society of With each new edition of
Dyal Singh College is a
voluntary group of students the newsletter, I hope
aiming to disseminate
quintessential knowledge on that our society creates
finance and related aspects
through the conduct of its the best content for you
activities throughout the year.
Since its inception in 2015, to make it not only
society has traversed a great
path to grow in size, scope and informative but also
shape to make it more
engaging for its members and interesting and
community. Members of
society have diversified relatable. Society
themselves in all manners. Be
it organising multifarious promises to be
events or hosting regular
speaker sessions with eminent unfettered in efforts to
personalities, the society has
managed to build a reputation make finance easy and
of its own.
simple for you. With the

hope that these pieces

help you enhance your

knowledge, I wish that

you have a pleasant

reading experience.

II

ANURAG TEWARI PRESIDENT

2022 - 23 Finanza has always been a
bunch of enthusiastic
individuals who have
strived to impart
knowledge in the most
simple yet effective
manner. Our efforts are
aligned with our vision of
enhancing the financial
intelligence of the youth.
We strive to create an
environment where people
can grow and learn to lead
their lives as more socially
and financially responsible
individuals. Stay safe! Stay
informed!

PUNITA PUNANI VICE
PRESIDENT

III

DEBROTO ANANAYA
MANDAL
(NEWSLETTER HEAD) KHARBANDA

(HUMAN RESOURCE
HEAD)

MEET THE TEAM TARANG CHAUDHARY NIHARIKA PAHWA ISHIKA
(PROJECT LEADER) (PROJECT MEHRA
(EDITOR-IN-CHIEF)
COORDINATOR)

MANYA JUNEJA YASH
KULSHRESTHA
(PROJECT SUPERVISOR)
(PROJECT SUPERVISOR)



VARUN TEESHA ANJALI
SONI ARORA JAIN

(PROJECT SUPERVISOR) (PROJECT SUPERVISOR) (PROJECT SUPERVISOR)

RESEARCH & CORPORATE VIHANA MRIDUL Mayank
RELATIONS BHARGAVA GARG Mehra

DEEPSHI
BANSAL

KANISHKA NAMAN ADITI
PANDEY GOYAL UPADHYAY

EDITORIAL VANSHIKA ANISH
TEAM GARG PUJAPANDA

SHREYANSH YASH
ARYA SETHI

GRAPHIC
TEAM

SHRISTY
PRIYA

IV

CORPORATE

&STARTUPS
Test of Fire

Our one of the most important Ceo's -Mr Vijay Shekhar Sharma has to pass the
test of fire at the investor conference to properly recover the losses due to IPO
devastation which happened before some days and it's getting really difficult for
the Paytm company to recover the losses and that is why its one of the darkest
periods for the Paytm company and hope it revists its strategies and thinking so
that it can then properly pass the test of fire . It's really a tough time for Paytm.
READ MORE

The success race of Adani Group

Gautam Adani is in a full mood to capture the news companies of India. It agreed
to buy thermal power assets of DB Power Limited from Dainik Bhaskar Group
for around 7017 crore enterprise valuation and it's going to put on to this
thermal power assets to a goodstage and Adani group is now on its way to
caputre the news companies and is going to have a undeclared censorship in
today's times so that they can properly execute their censorship and go to
newer heights. READ MORE

Vistara becomes the 2nd largest domestic airline

Vistara is the full service carrier past the rivals SpiceJet and GoFirst to become
the India 's No 2carrier by market share and is continuously offering the best
quality services to its customers and it's also can combat with the services of
Indigo in the future and become the largest company of India in terms of
market share and would provide the best services in terms of market share and
services and would continue to treat each customer as the king. READ MORE

L and T on its way towards Samsung is on its way to
revolutionising the next
environment conservation generation chip R and D Facility .

Engineering major Larsen and Samsung tech giants plans to invest
around 15.16 billion dollars by 2028 for a
Toubro commissioned its first great complex within its office at Yongin
to boost global leadership in its cutting
green hydrogen plant at is complex edge chip technology. Samsung is one of
the companies of the world which is know
in Hazira , Gujarat which would be for its innovative technology and is
continuously involved in developing it's
producing 45kg of green hydrogen technology and also developing it's
services and people thus have faith in
daily and would look for Samsung and continuously wait for its
innovative products. READ MORE
environment conservation

because it is a necessity in today's

times as non renewable resources

of energy are going to be finished

in the future and they are

continuously harming the

environment and are also not good
for the humans . READ MORE

1

CORPORATE

&STARTUPS
Apple supplier Foxconn investing millions in North
Vietnam

Foxconn has signed a 300million dollars memorandum of understanding
with the Vietnamese developer Kinh Bac City to expand its facility in the
north part of Vietnam to boost the production and economy of the country
as it soughts to revolutionize the country which is back due to economy but
has really good and innovative minds which thus can be helpful for Vietnam

to develop its economy. READ MORE

Apple's new series to Good sign for the Rajasthan on its way to
economy as Corporate
change the lives of tax gets up by strengthen it's
34percent in April and
people July. economy

Apple is going to launch several Tax collection on income of RBI bulletin in its recent report
new Ipads ,Macs and Apple acknowledged that Rajasthan has
watches in the coming event companies surged by 34% in the accounted for the highest share in
which thus bring an amazing the total cost of projects
experience and sight of relief for first four fiscal months of the sanctioned by the banks and
all its fan base according to the financial institutions in FY 21-22
noted tech journalist Mark current fiscal year in April which which thus shows a great sigh of
Gurman . Apple is trying to relief for the both Indian and
change the lives of all its fan shows a good sign of relief for the Rajasthan economy. Rajasthan
base by providing good quality ,Uttar Pradesh and Gujarat are the
services ,speed ,experience and Indian Economy . This thus shows top 3states which receives the
version due to which it's has highest amounts of projects
become one of the largest the development of the Indian sanctioned by the banks which
companies of the world and shows this states are developing
everyone dreams of keeping the Business which would and getting newer heights .
apple phones and iPads in their
pockets and workplaces . continuously grow in the market READ MORE
READ MORE
and get a lots of recognition in the

world and would hand in hand

combat with MNC's of the world.

READ MORE

2

CORPORATE

&STARTUPS
Adani on a role to buy shares Zomato owned Blinkit to

in ACC and Ambuja Cement deliver printout in 10minutes

open offers Blinkit formerly grofers an online grocery
app is going to offer printout services at
Adani group has received regulatory your doorstep in 10minutes in the regions
approval for 3.8billion dollars for of Delhi -NCR at very nominal rates .
buying the remaining shares of ACC Blinkit is on its way on changing the
and Ambuja Cement on the nod of the system of buying this is somewhat also
SEBI(Security and Exchange Board of harmful as the small stores market is
India) . Gautam Adani is thus the reducing as this is one of their only source
richest person today in Asia as he is of income so an proper balance must be
able to properly startegise each and establish but this new printout service of
every move of their company and are the Blinkit might create new heights for
trying to grow more and more by the company .
acquiring stakes in all the companies . READ MORE

READ MORE

Pharmaesy parent company withdraws DRHP

API Holdings (the parent company of Pharmaesy) has withdrawn it's DRHP
that it filled with SEBI fearing the volatility in share market and thus this fear of
stakes and profit made the company's top mangament to take this decision to
withdraw it's DRHP and thus ensuring it doesn't looses it's customers trust
and its own profits. READ MORE

Shares of Tata Group rising to a new stand in the share

market .

The TATA group subsidiary (TATA Chemicals ),the world's third largest
producer of Soda Ash is rallying around 35%in the last month. TATA
chemicals is going to become one of the largest producers of Soda ash in the
coming days as it's planning newer steps and initiatives for the company .

READ MORE

Honesty would take business to new heights

Ola Cabs has been directed to pay 95000 to a customer by the consumer
court for overcharging the customer and also in the delay of service and this
is a result of deficiency of service which the company needs to look upon and
has to improve it . This is case of a Hyderabad in the last year 2021 for which
the results recently arrived . READ MORE

3

FINANCIAL
ENTREPRENEUR

Rakesh Jhunjhunwala (5 July 1960 – 14 August 2022) was
often referred to as "India's Warren Buffett" or the "Big Bull
of India", and was widely known for his stock market
predictions and bullish outlooks.
Jhunjhunwala's net worth was $5.8 billion (about Rs 46,000
crore), according to Forbes. An investor with a Midas touch
he was the 48th richest man in the country.

Jhunjhunwala's Early Life Let's look
into his
5 July 1960, Jhunjhunwala was born in
Mumbai into a Rajasthani Marwari Journey!!!
family.

After completing his studies at
Sydenham College, he applied to the
Institute of Chartered Accountants of
India.

Let's look at his First Investment Rakesh Jhunjhunwala and his Capturing his life
Personal Life
In 1985, he began investing and purchased The investor's life is playfully mocked in a
5,000 shares of Tata Tea for Rs 43; three Rakesh Jhunjhunwala married Rekha well-known spoof blog called The Secret
months later, the stock had risen to Rs 143. Jhunjhunwala on 22 February 1987. The Journal of Rakesh Jhunjhunwala. The authors
He made between Rs 20 and 25 lakh in couple had three children together. were made public on June 7, 2012.
three years.
Their daughter Nishtha was born on 30 Mark Fidelman, a Forbes columnist, for the
His initial investment had increased to June 2004. Their twin sons Aryaman and first year, and Aditya Magal, a writer, for the
11,000 crores by 2022. His largest Aryaveer were born on 2 March 2009. following years.
investment as of 2021 was in the Titan
Company, which is valued at $7,294.8 crore.

Formation of Akasa Air Noteworthy achievements His death

Together with former Jet Airways CEO Vinay As a partner in his asset management company, Rare Jhunjhunwala became ill on August 14, 2022,
Dubey, he co-founded Akasa Air, a low-cost Enterprises, he oversaw his own portfolio. and was sent to Breach Candy Hospital in
carrier in India, spending $400 million for a Mumbai.
40% interest in the company. Jhunjhunwala served as chairman of Aptech Limited
and Hungama Digital Media Entertainment Pvt. Ltd. he passed away at around 6:30 a.m.
As of August 2022, the new airline flies to 3 in addition to being an active investor. He also served
cities and has 3 aircraft, with an additional on the boards of directors of Prime Focus Limited, He then disclosed that he had acute multiple
order for 70 aircraft. Geojit Financial Services, Viceroy Hotels Limited, Tops organ failure and kidney-related issues.
Security Limited, and numerous other companies.

He also served on the International Movement to
Unite Nations' Board of Advisors (I.I.M.U.N.).

Check out our latest video : Finanza.dsc

4

PERSONAL
FINANCE

A 7-step financial checkup to prevent
Mismanagement of money

Look at the current state of your finances and figure out what you need to do to
get or to stay on track so you can reach your financial goals. In other words, give
yourself a financial checkup. The following steps can aid your efforts:

First, find your personal inflation rate i.e. figure out the impact of inflation and
rising rates on your budget. Even though inflation is at high, we don’t all spend
the same amount of money on the same things. See what you’ve spent on food,
housing, gas and other items over the past 12 months. Then, calculate your own
personal inflation rate by adding up your monthly expenses for last month and
subtract your total spending for the month or previous year from its current
year counterpart. Divide that difference by your monthly expenses for previous
year month.The result of that equation is your personal inflation rate. Now see
what you’re spending and what you can cut out or negotiate to a lower rate.
Second, avoid “Lifestyle Creep”. Do not get caught in a high-cost lifestyle as
the cost of your lifestyle increases faster than your income. See what expenses
you can reduce or cut out, like memberships, subscriptions or even travel.
Third, use only one credit card. If you have all of your transactions in one place,
it will be easier to keep better track of your spending. Have one credit card in
your wallet to swipe at the store or use for online purchases. If you use a digital
wallet, use that same card for everything you buy.
Fourth, set limits and alerts on cards. The limit for purchases on a debit card
can vary from a couple hundred to a couple thousand dollars a day. The bank
generally sets that limit, but you can ask for a lower limit if you think that will
help you reign in your spending. Even some credit cards will let you set your
own spending limits.
Fifth, have a mix of stocks, bonds and cash. An adequate emergency fund in
cash reserves to cover living expenses is critical. Start by trying to stash away
at least three months’ worth. You also need to have a mix of stocks and bonds
(mutual funds and/or exchange traded funds) to make sure your long-term
savings keeps up with inflation. Keep a mix that’s appropriate for the amount of
risk you are willing to take and the amount of risk you need to take so that your
money can grow and you can afford to live comfortably in the future.
Sixth, check out online investment tools. You can consult online investment
tools offered by major brokerage firms, as well as non-profit organizations, to
help you understand some of the basics of investing. Also, talk to a
representative from your employer’s retirement plan — if one is offered — to
find out more details about how you can take full advantage of investments
offered at your workplace.
Seventh, work with a financial advisor. A financial planner can help you set up a
strategy that will be able to weather market volatility and still reach your goals
by having your money divided between different types of assets.
READ MORE

5

SPONSORS:
The official partners of the 2022 Commonwealth Games were Longines, University of
Birmingham, E.ON, Chase, Severn Trent and Dettol.
COST AND FINANCING:

At the time of submission of the bid to the CGF, the bid committee announced that the
event would cost £750 million. On 25 June 2019, the British Government announced that
the event will cost £778 million.
The British Government will cover the 75% (£594 million) and Birmingham City Council will
cover the rest 25% (£184 million).
The budget is lower than the £967 million spent on the Gold Coast 2018, but higher than the
£543 million spent on the Glasgow 2014. It is set to be the most expensive sporting event in
the UK since the 2012 Summer Olympics in London which cost £8.8 billion.

6

VENUES

Alexander Stadium Sutton Park Smithfield BIRMINGHAM

Arena Birmingham University of Edgbaston Stadium
Birmingham

WEST MIDLAND Cannock Chase Coventry Arena Victoria Park
Forest
REGION

National Exhibition West Park Sandwell Aquatics
Centre Centre

St Nicholas Park Lee Valley
VeloPark(London)

7

If you look closely the world of finance and investment is filled with facts
that will leave you speechless.

Time to withdraw your mutual FINANCIAL The Goods and Services Tax
funds FACTS (GST) Council's appointed
~When the planned financial YOU group of ministers (GoM)
goal is attained DIDN'T has approved the
~Upon alterations in the KNOW framework for establishing
investor's appetite for risk appellate tribunals to hear
~Due to the fund's persistent appeals and has suggested
underperformance more than one bench in a
~Whenever a portfolio is state. It is proposed to
rebalanced establish the GST Appellate
~When the investing Tribunal's (GSTAT) main
strategy's goal changes bench in New Delhi.

Nirmala Sitharaman is the The high-net-worth baby boomer
first full-time female finance is online. The best thing is that the
minister and the second financial sector still doesn't
woman to hold the position. understand it, which gives those
Only Indira Gandhi had that do beachfront property.
previously held the position These numbers support it.
for a brief time between ~78% of baby boomers use
1970 and 1971. While she Facebook regularly.
was the Prime Minister, she ~67 percent of baby boomers are
oversaw the finance frequent YouTube users.
portfolio. ~31% of baby boomers use
LinkedIn regularly.
~The average reach of the "No. 1"
talk radio station in any market is
around one-fourth (25%) of
Facebook's among the baby
boomer population.

8

FYNAMICS

Bringing to you, Fynamics: The annual fest of Finanza! Apart from the stock market, it is the
hottest place for finance enthusiasts like us!

Speaker Session

Difficult times are going to come and go, what matters is how you deal with
them. One man’s challenge is another man’s opportunity. And this is why we
bring to you “Managing difficult times" by Mr. Anil Bhasin.
Mr. Anil joined Havells in 2004 and has served as President of an Indian
multinational corporation (Havells). For the past 38 years, he has worked in
the FMEG sector of the Indian economy and has delivered live Webinars and
Guest Lectures in 50+ top B-Schools.
So let’s come and find out how we can deal with difficult times and turn them
into opportunities.

‘Hit wicket’

Are you a cricket fan who annoys the hell out of others who simply
don’t get the brilliance of this game? Well, we got your back!
HITWICKET- A classic IPL auction, with little twists and turns, a fun
event like none other, awaits your participation. Let’s put your skills
to the test!
Do you have what it takes to build the dream team or are you better
off watching the games from the sidelines?

‘Interrobid’

Remember watching fast-paced auctions in movies and experiencing the
second-hand thrill of bidding? Well, wait no more!
Do you have it in you to place the right bids or are you gonna let your emotions
take over your strategy? Here, one second could mean the difference between
winning or losing. Are you ready for it?

'Chase Through The Maze'

An amusing search for the treasure, with clues and traces on your
path only to reach the destination of gold. Put on your thinking caps
and bring out the Sherlock inside you to take the gold home before
others!
So can you avoid the traps and go home with the treasure, or will
you be left behind with nothing?

9

FYNAMICS

10

FYNAMICS

11

INDIA

CBI Raid Delhi Govt deputy CM

The residence of Manish Sisodia, the deputy CM of Delhi, was among the ten properties raided by the CBI in
connection with the excise policy issue.
Just last month, Delhi returned to the previous excise policy in place before the November 17, 2021, adoption of
Excise Policy 2021-22.
In a tweet, Sisodia defended himself by describing the incident as harassment of those who genuinely work for the

country's success. READ MORE

A new wave of millionaires to By selling stake to US Early-stage investment company Unicorn India Ventures is
be seen by 2030 in India based Fund, Unicorn India doubling returns for its limited partners by selling a stake in six
Venture exits from firms to a US-based investor for Rs 50 crore (LPs) Limited
According to a forecast by HSBC companies Partners. The businesses ranged widely, from a robotic startup
Holdings Plc, Singapore will surpass to a healthcare company. The officials refused to reveal the
Australia to have Asia's highest identity of the US-based investor but identified the fund as
percentage of millionaires in the adult
population by 2030. Australia will be being domiciled in Delaware. READ MORE
followed by Hong Kong and Taiwan.
According to the survey, by 2030, the DoT preparing to launch services after
proportion of adults in Vietnam, the allocating 5G spectrum
Philippines, and India with wealth of at
least $250,000 is anticipated to more Spectrum has been distributed to telecom operators by the
than double. Department of Telecommunications (DoT), opening the door for
By 2030, India may have more than six the introduction of 5G services.
million millionaires [ less than 1% of After paying Rs. 8312.4 Cr. in outstanding spectrum fees, Airtel
adults], and mainland China is predicted received the letter of allocation for the specified frequency
to have about 50 million millionaires bands in a matter of hours. As promised, the E band allocation
and spectrum were provided. All of the business activity has
[around 4%]. READ MORE
been proceeding without much of a fuss. READ MORE

India to be the fastest growing The long waiting for Visas to be
economy witnessed

According to news agency PTI, a government The typical wait period for an appointment for persons
source predicted that India's GDP would grow at seeking US visitor visas is 1.5 years; however, once
the quickest rate in the world this year. submitting a passport there, it is returned within 10 days.
Those who are granted visas receive free 10-year multiple
The PTI source further said that the government entrance passes.
is working with the Reserve Bank of India (RBI) The processing of visa applications takes a long time in
and taking continuous action to lower inflation. Canada and the UK, among other nations. Sweden is one of
the few European countries that offers appointments for
According to the source, India's economy would
continue to grow at the fastest rate this year and visas. READ MORE

the following. READ MORE

12

INDIA

RBI warns of more rate hikes:

Reserve Bank of India governor Shaktikanta Das has said that despite some moderation, inflation continues to remain
“unacceptable and uncomfortably high” amid a considerable slowdown of the global economy, according to the minutes
of the August Monetary Policy Committee (MPC) meeting.
The governor said that the decision to increase the rate is tailored toward bringing retail inflation within the target band

and then taking it close to the target of 4 per cent over the medium term. READ MORE

UPI Expansion: enjoy hassle-free digital transactions in UK

Expanding further outside India, the indigenously developed real-time payments solution UPI will foray into the UK
market starting with QR code-based transactions.
The NPCI International Payments Ltd (NIPL) has forged a partnership with payments solutions provider PayXpert to
internationalize the acceptance of its payment solutions in the UK.
This collaboration will make the Indian payment solutions available in the UK starting with UPI-based QR code payments

and later integrating the possibility for RuPay card payments. READ MORE

Finance ministry expects rural Cost of raising a child: EXPENSIVE!!
demand to recover as inflation
softens Parents always knew raising a child in India – with its broken model of
education – is expensive, and turning more so. Actual numbers support this
Rural demand in India, belief. As per ET Online research, the overall expenditure of schooling a child in
which was buffeted India in a private school from age 3 to age 17 is a whopping Rs 30 lakh.
by the Covid-19 Expenses are not only high, but they are also unpredictable. No matter the
pandemic and then by rising expenses, the desire to raise a child is priceless. As prices keep on rising
high global inflation, is year after year, parents are often anxious if they are well prepared to support

set to recover as prices come down and their children's growth, be it their education or health. READ MORE
the southwest monsoon proves
supportive to the sowing season. IndoStar Capital considers selling stake in housing finance unit
India's headline retail inflation for July
came in at a five-month low of 6.71%, IndoStar Capital Finance is considering selling part of its stake in a home loan
helped by easing global commodity subsidiary for raising resources to address concerns over the private equity-
prices and lower food prices backed company’s ability to continue as a going concern.
domestically. As of June 30, 2022, IndoStar Capital exceeded the threshold specified for
gross non-performing asset (GNPA) and/or net NPA ratios for certain
READ MORE borrowing arrangements. Its Gross NPA stood at 8.2 percent and Net NPAs at
3.6 per cent at end of June 2022. The company said it has a record of accessing
diversified sources of finance, but the success of its plans cannot be

guaranteed. READ MORE

India: fastest growing market for Lixil

Japan-based building materials and housing equipment maker Lixil Corporation is aiming Rs 1,000 crore worth
sales in India in the next three years, a company official said on Saturday.
Lixil operates in India through its brands Grohe and American Standard.
For Lixil, India is one of the fastest growing markets in the India-Pacific region following Japan, the US and China

and it would continue to invest here for expansion . READ MORE

13

WORLD

Bhutan almost on the verge of crisis as Forex DHFL scam: Court rejects the bail plea of Ajay
Nawandar, an alleged associate of Chhota
Reserves plummet Shakeel

Bhutan will ban the import of all vehicles A special court in Delhi dismissed the bail
except utility vehicles, heavy earthmoving application filed by Ajay Nawandar, an
machines and agriculture machinery to save alleged associate of fugitive criminal
dwindling foreign exchange reserves, the Dawood Ibrahim’s trusted aide Chhota
government said in a notice. Nestled Shakeel, who was arrested by the CBI in
between China and India, the country of connection with its probe into an
fewer than 800,000 people is grappling estimated Rs 34,615 crore loss caused by
bankrupt erstwhile home financier DHFL
with the effects of soaring oil and grain prices caused by the war in
Ukraine as well as with the continued impact of the pandemic, to a consortium of banks led by the Union Bank of India. The court while
including a strict zero-COVID policy that has barred foreign tourists rejecting the bail plea observed that prima facie there is evidence to
for the past two years. Foreign exchange reserves had declined to suggest an alleged nexus between Nawandar and the accused promoters
$970 million at the end of December, 2021, from $1.46 billion in April Kapil and Dheeraj Wadhawan. The agency’s probe has revealed that
2021, according to data released last month by the Royal Monetary Nawandar had also received Rs 1.3 crores in cash from Dheeraj
Wadhawan, in addition to the two paintings worth Rs. 30 crores which
Authority of Bhutan. READ MORE have been earlier seized by the agency. These paintings were allegedly
kept in his safe-keeping which were to be sold whenever requested by
Can gold coins help Zimbabwe amidst its
257% inflation? the Wadhawans. READ MORE

Rising prices and a fastndepreciating Japan resumes oil purchases from Russia

currency have pushed many Japan resumed its purchases of Russian oil in Julyaccording to its Finance
Ministry. In June, imports fell to zero as local refiners started to phase out
Zimbabweans to the brink, reminding Russian crude amid Ukraine-related sanctions. While the ministry did not
disclose the exact volume, it said July oil imports from Russia were
people of when the southern African 65.4% lower than the same time last year. The volume of liquefied
natural gas (LNG) imports from Russia also decreased by 26.1%
country faced world-record inflation of 5 compared to July 2021, while coal imports dropped by 40.1%. Despite the
decline in physical volumes, the value of Russian fuel exports to Japan
billion% in 2008. With inflation jumping increased by 45.1% compared to last year due to rising global commodity
prices.
from 191% in June to 257% in July, many In May, Japanese Minister of Economy assured that Tokyo would
gradually reduce its dependence on Russian energy resources, but said it
Zimbabweans fear the country is heading back to such hyperinflation. could not give up Russian oil immediately. Japan also supports the G7
To prevent a return of such economic disaster, the government last plan to impose a price cap on Russian oil, which is currently under
month took the unprecedented step of introducing gold coins as legal
tender. The country's central bank, said this can help tame the discussion. READ MORE
runaway inflation and stabilize the nation's currency. The glitter of the
gold coins is hard to see for Zimbabweans struggling each day to eke
out a living. Even items previously regarded as basics are now out of
reach. For example, prolonged water shortages mean most people
must source their own water. Its value is not any less than gold now .

READ MORE

14

MISCELLANEOUS

The New Women Star of the Indian Football

Manisha Kalyan becomes the first women to play in the UEFA Champion league when
she made her debut for Apollon Ladies FC in the European Club Competition in Engomi
,Cyprus . This is one of the most produest moments for the country and we should all
encourage more and more girls to look on for sports so that they can move forward in
their life and also take the name of country forward. READ MORE

Planning of Monetization

IRCTC is planning to monetize the digital data of the passengers including the bank of
passenger data and it plans to generate around 1000crore revenue from two sets of
monetization amid criticism of data privacy. This might be a wrong step as of now as
it's against the data privacy but in the near future it might result in good benefits and
help the IRCTC to revolutionize the country and help it's customers and passengers.
READ MORE

SEBI views on alternate investment funds

Capital markets regulator SEBI has raised questions over a popular trend in the debt
markets, whereby loans are restructured by alternate investment funds (AIFs), set up
by private equity firms along with non-banking financial companies (NBFCs).
READ MORE

Clarity of Thought

Rakesh Jhunjhunwala the big bull of the Indian Stock Market who died recently
showed how clarity of thought and thinking is important for staying in the Indian
Stock Market through the story of Madhu Kela in the late 2020s. This shows that
Stock Market is the play of pateince and intelligence and if someone has to succeed
in the stock market then the person has to maintain both this things properly and
strategize each and every move . READ MORE

No Charges on UPI Transactions

Taking to Twitter, the Finance Ministry labelled UPI services as a digital public good
and clarified that there are alternative ways to address service providers' worries
about cost recovery . UPI is the truth and reality of today's india and it's really taking
india towards digital India and we all have to look forward to this. READ MORE
.

15

VOICE
YOUR
OPINION

ML use cases in Banking,Finance &

Insurance

Just a decade ago one would have to wait days for a bank to approve their credit or pass a Name: Vihana Bhargava
College: Dyal Singh College

loan, or spend weeks running up & down to the insurance company just to get their
Course: B.com
insurance claim approved after a minor car accident. Also, there were frequent frauds in
the financial and insurance industries. But today, these operations take less than a day
with little to no human intervention. Also, comparing the ratio of available customers now
to the number back then, the frauds in financial institutions are showing a negative trend.
This paradigm shift was made possible due to the evolving technology in the areas of
Artificial Intelligence & Machine learning. This article covers a set of technologies that
promise to transform the whole idea of doing business in the finance world.
Some of the ML use cases are:-
Insurance Sector.
1.Claims Processing:- Machine-learning-based technologies allow insurance companies
to automate the claims process which dramatically improves the claims processes value
chain from moving claims through the initial report, analysis, & ultimately establishing
contact with the customers, reducing the waiting time.
2.Claim Volume Forecasting:- Machine learning significantly improves the speed &
accuracy of the forecast for individual claims. This has a positive impact on the efficiency
of an insurer's pricing.
3.Property Damage Analysis:- AI-powered object detection analyses data & compares
the level of damage before & after the event. Machine learning models are equipped to
recognise damaged vehicle parts & help estimate the cost of repairs.
4.Speech Analytics:-Speech recognition is a powerful tool to analyse customer speech
based on ‘lead calls’ to improve personalisation. It can identify customer pain points with
products through speech analytics of feedback to improve future products & detect
fraud based on voice analysis of customer calls to improve security measures.
Finance And Banking Sector.
1.Financial advisory:- AI technology can help make an informed decision about
investments & predict possible risks using data analytics, deep learning & machine
learning algorithms.
2.Fraud detection and prevention:-Fraud detection systems in the past were designed
based on a set of rules, which could be easily bypassed by modern fraudsters. But
Machine learning works by scanning through large data sets to detect unique activities or
anomalies and flagging them for further investigation by security teams.
3.Portfolio management:- With machine learning, applications use algorithms to
establish a financial portfolio according to an investor’s goals and risk tolerance. Also, it
requires low account minimums and is usually cheaper than human portfolio managers.

16

FINANCIAaLL
METRICS

1) RBI MPC member says political parties should apprise voters about the
impact of freebies

1) RBI MPC member Ashima Goyal said that the freebies announced by political
parties are never 'free' and the ones that distort the prices are harmful for the
economy. She said that the political parties should make the financial trade-off
clear to the voters before offering free schemes. This comes amidst The Supreme
Court’s hearing of a petition on freebies to be stopped filed by a BJP leader. The
debate has splintered India's political parties with some siding and some coming
out against the government. The economists have also spoken on the issue calling
for provision to be made in the state's budget outlay for the freebies while some
argued that non-merit freebies shouldn't be offered if the state does not have the

fiscal capability. READ MORE

2) Market share of private fuel retailers falls 50-
80% in a year

The combined share of private players-Reliance-BP, Shell and Rosneft-backed Nayara
Energy-has shrunk by 50-80% in the fuel retail market year-on-year and even the
taxes imposed in July on exports or the official mandate to sell more in the domestic
market hasn't helped. All three private operators together held a 2.3% share of the
domestic retail market for diesel in July, compared to 2.9% in June and 10.6% in July
2021, as per data obtained from oil companies. Their share in petrol slipped to 5% in
July from 5.6% in June this year and 9.8% in July last year. Its also noteworthy that the

PSU oil retailers posted a ₹18,500-Crore Loss in Q1. READ MORE

3) NELCO is reinvesting At lower rates Of return

Though Nelco’s high Return On Capital Employed (ROCE)is comforting but its
historical ROCE movements trend isn't fantastic. However, despite lower returns in
the short term, NELCO’s efforts in reinvesting for growth and itshigher sales have the
potential to make it a multi-bagger stock in the long run. Moreover, the stock’s 733%
return over the last five years is a positive sign too.
On a related note, Nelco has decreased its current liabilities to 51% of total assets
which partly explain why the ROCE has dropped. Effectively this means their suppliers
or short-term creditors are funding less of the business, which reduces some

elements of risk. READ MORE

4) Netflix predicts rising memberships and Free Cash Flow could follow

Netflix, Inc. stock looks attractive from a value investor's standpoint. Moreover, the streaming firm
predicts rising membership accounts in Q3, potentially leading to higher free cash flow and a stock
turnaround. For Q3 Netflix predicts that paid memberships will rise by 1 million accounts over the Q2
levels to 221.67 million. This represents a one-half percent increase in memberships and is slightly
higher than the 221.64 paid memberships at the end of Q1. As a result, investors could reasonably
expect that the company will show a significant gain in free cash flow (FCF) during Q3. For example,
during Q1 the company produced a 10.19% FCF margin on its $7.868 billion in revenue.
As Netflix now forecasts a similar level of revenue of $7.838 billion for Q3, it's possible FCF could
reach $799 million. However, given that Q2 showed a paltry $13 million, it's also likely that the FCF

margin could be slightly below the 10.19% average of Q1. READ MORE

17

FI N A N C I A LACROSS:

APTITUDE
1. rate and efficiency of work

4. ask the bank to advance money

6. money paid for a loan

10. wealth of person or business

12. promise to repair or replace

13. amalgamation of two companies

14. legal agreement

16. total sales of a company

17. share of profits paid to shareholders

DOWN:

2. proof of payment

3. put money into a company or business

5. money paid to owner of copyright or patent

7. part of the capital of a company

8. where shares are bought and sold

9. money lent

11. amount of money spent

14. neither cheque nor credit card

15. money returned


ANSWER TO JULY EDITION

1.Murthy Veeraghanta 2.Laura Hay 3.Amortization 4.Goodwill
8.ICICI
5.Central banks 6.Investment banks 7.SBI

NOTE: ANSWERS WILL BE IN UPCOMING EDITION

18

19

L

I

G CAMERA
H
FINANCE
T

S

Laal Singh Chaddha crashes at box office

The Aamir khan starrer film, Laal Singh Chaddha who also made his comeback at the box office after 4 years, has
failed to impress the audience.
The perfectionist and veteran actor has failed to deliver a hit after long a time.
The #boycottbollywood has been a big influence on the movie’s poor performance.
According to the estimates, around Rs 50 crore is the total earning made by this movie in 7 days. After analyzing
the public responses to Laal Singh Chaddha, the experts are saying that this film is a big flop and will be incapable
to cross Rs 75 crore earnings. READ MORE




Raksha Bandhan: Another failure at box office

'Raksha Bandhan' movie, which stars Akshay Kumar, h
as failed to garnered huge response from audience

since its release.


This movie is said to be Akshay Kumar’s largest box office failure for this year.

Raksha Bandhan's doom was clearly evident from its lackluster performance during the long holiday

weekend, but the steep decline in its weekday box office haul has only cemented it.

As per Bollywood Hungama, the Raksha Bandhan release of the Aanand L Rai movie merely succeeded in
bringing up to Rs 1.25 crore by its seventh day. READ MORE

Audience gives Taapsee Pannu starrer “Dobaara” a chance

According to film trade analyst Taran Adarsh, 'DoBaaraa' has performed better than Pannu's last film 'Shabaash
Mithu' which was based on the life and career of former Indian cricketer Mithali Raj.
It appears the audience wants to give Bollywood actress Taapsee Pannu-starrer 'Dobaara' a chance.
The movie's Day 1 box-office numbers projected an upward trend.
The movie critic said that the movie picked up at select premium multiplexes around the evening and night shows,
and managed to collect Rs 72 lakh from 370 screens on the opening day.

READ MORE

Fakt Mahilao Maate, Gujarati film records phenomenal opening weekend

Earlier this month the industry was left shell shocked with the staggeringly low performance of big-ticket
holiday blockbusters Laal Singh Chaddha and Raksha Bandhan.
However, what has seeming gained from this is the less talked about Gujarati film Fakt Mahilao Maate.
Directed by Jay Bodas starring Amitabh Bachchan, Tarjanee Bhadla, and Kalpana Gadekar.
Despite being a regional release in Gujarati, Fakt Mahilao Maate managed to draw in Rs. 1.25 cr on its
opening day and has seen upward trending response in the following days as well. READ MORE

Star posts an FY loss after Sydney casino hit

Casino operator Star Entertainment Group has swung to an annual loss, weighed down by extended COVID-related
closures and a hefty write-down at its flagship Sydney casino amid regulatory troubles.
Australia's second-biggest casino operator posted a full year loss of $198.6 million for the year to June 30,
compared to a $57.9 million profit a year earlier.
The company said it took a financial hit after its three properties on the east coast were collectively closed for 125

days in the first half of the year due to pandemic restrictions. READ MORE

20

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