FinACE- Ace The World Of Finance ( October edition )

HIGHLIGHTS

India to assume G20 Presidency for
one year from December 2022

Google Faces $25B Claims in UK,
Dutch Courts on Adtech Norms

431 Kg Gold, Silver Seized From
Secret Lockers Of Firm In Bank Fraud
Case

Air India to induct 30 planes over
next 15 months

Twitter shareholders give the green
light to Elon Musk's $44 billion
acquisition deal

Vedanta to set up iPhone
manufacturing hub in Maharashtra

Mahabharat in 5D! Firoz Nadiadwala
planning to work on Rs 700 crore epic

INDIA TO HOST G20 IN 2023

FOLLOW US : SEPTEMBER
EDITION
/ finanza.dsc 2022
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ISSUE • 30 SEPTEMBER 2022 • SUBSCRIBE

CONTENT1 FROM OUR MENTOR'S DESK I
2 Meet the team
IIII
3 Corporate and startups
4 Financial entrepreneur 1
5 Personal finance
6 Commonwealth Games 4
7 Financial facts you didn't
know 5N
8 Fynamics
6
9 India
10 World 8
11 Miscellaneous
12 Financial Metrics 9D
13 Financial Aptitude
14 Prodigium 12
15 Lights camera and finance
E14

15
16

X17

18

19

"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

ADITI NAMAN ANISH
UPADHYAY GOYAL PUJAPANDA

EDITORIAL VANSHIKA
TEAM GARG

SHREYANSH
ARYA

GRAPHIC
TEAM

SHRISTY
PRIYA

IV

CORPORATE

&STARTUPS
Roll on to becoming a government fund Race of fast delivery

The finance ministry of India has cleared the proposal to convert the Vodafone Idea 's Blinkit and Apple have partnered together and it's
16,130 crore worth of accrued interest on deferred adjusted gross revenue related dues
into equity . As most of the business of the telecom industry has been occupied by the reflecting the country's ambition of expanding their
Reliance Jio and Airtel so other players are not able to capture the market and that is
why the other most businesses are going into loss -making and have to be together up products and also reaching a large audience through
so that they become a good and prosperous company. This is the new face of India
where the loss making private companies are turning into government equity around their motto of delivering the goods at the fastest rate

loss making government industries are turning into private firms. READ MORE and also with best quality. Apple the largest brand of

electronic products and Blinkit one the largest brand for

delivering ftahsetepsrtovtiimsieon.RalEgAooDdsMatOthReEdiscounted rate
and at the

ALYF platform raises 1.5 dollars Lie of 450 crore

India's first holiday home fractional ownership form The National Anti -profiteering authority (NAA) has
raises 1.5 million dollars in seed capital . It's making found direct -to- home (DTH) operator Tata Play(earlier
holiday home ownership accessible has raised Tata Sky) has been found guilty of profiteering 450
1.5dollars and 11.25cr seed capital and was founded in crore from July 2017 to January 2019 . In its order ,the
June 2022 by Saurabh Garg,Amit Agarwal,Akhil Gupta NAA has asked the company to deposit the registered
and Industry Veterans like Juggy Marwaha,Vivek amount in the consumer welfare fund with an interest
rate of 18% in 3 months . According to the order ,the
Chandy ,Pradeep Lala amongst others. READ MORE respondent has been directed to deposit the amount
profiteered in 2equal parts in the particular State
Patanjali launches 4 IPOs
Consumer Welfare Funds.READ MORE

Baba Ramdev 's Patanjali Group announced the initial public offering (IPO) plans of its investment for 4
group companies. In the coming few years,the company will launch 4IPOsPatanjali Ayurved, Patanjali
Wellness and Patanjali Medicine and Patanjali Lifestyle. Baba Ramdev has planned to make the company
to 1lakh crore in the coming years as it's current turnover is 40,000crore and they have the aim of
becoming one of the largest companies of India. It's also planning to reach a market share of 5lakh crore

with these IPOs . READ MORE

Indians leading the USA

The best chief executive officers of companies have been produced by the higher education in India as
per an statement by the Finance Minister of India- Nirmala Sitharaman amid a number of CEOs of Indian
Origin are being recruited by the global companies and they are taking the companies to a newer heights
and also taking this scale of companies to another level . These firms are also having a collective revenue
of more than 1trillion whether it's microsoft,google etc. This is the rail of new success of Indian Origin

Entrepreneurs and Businessmen. READ MORE

Loss in Education

Byju's one of the biggest edtech companies of the India and as per
the reports of the Economic Times and the difference between
Byju's unaudited revenue and the official accounts now signed off by
the startup 's audit firm Deloitte Haskins and Sells . Over the past
week, Byju's Raveendran had been briefing the company's
shareholders about the discrepancies, inefficiency and other things
about the development. Byju's is using many other ways to capture

the education market. READ MORE

1

CORPORATE

&STARTUPS
Billionaire Venture Incubation launches a Airtel to Launch 5G within a

special purpose vehicle for Start-up Funding month to cover all urban areas

It's focus is to empower startups in the country Chennai - by 2023
based Billionaire Venture Incubation through a Special
Purpose Vehicle launched an Incubation Fund for Startups Telecom operator Bharti Airtel expects to launch 5G
.The newly formed SPV will earmark about 200 million services within a month and covers key metros by
dollars for extending the capital to about 150 startups in December. The telco plans to cover all urban areas of the
Tamilnadu, Karnataka and Maharashtra and different country by the end of 2023. Bharti Airtel CEO Gopal Vittal
in a communication to the customers that Airtel 5G will
plants . READ MORE deliver dramatically higher speeds of 20-30 times
compared to a 4G Network and it's a really a great sign of
Mensa Brands on the roll of the digital revolution. Airtel and Jio are competitors of

acquiring My fitness. each other. READ MORE

Mensa Brands has acquired health food startup Starbucks prediction of profit
Myfitness with an aim to make it a 1000 crore brand in
the next 3-4 years and the acquisition will help Mensa IStarbucks has hiked its long term financial forecast after
Brands to scale D2C, invest in brand building and outlining a series of changes coming to its cafes as part of
expand to global markets . This My Fitness is a fast its reinvention plan. The Seattle best company is
growing customer loved brand and we will be scaling projecting earnings per share growth of 15% to 20%
the brand to have an omnichannel global presence by annually over the next 3 years from prior long term
leveraging our tech led playbook and it would be a Outlook given in late 2020. The outgoing CEO said the
1000 crore brand by Ananth Narayan (Founder and coffee giant would be projecting double digit growth for
the revenue and earnings per share in the coming years.
CEO,Mensa Brands). READ MORE
READ MORE
Illegal Items looted

The best chief executive officers of companies have been produced by the higher education in India as per an statement by the Finance Minister of
India- Nirmala Sitharaman amid a number of CEOs of Indian Origin are being recruited by the global companies and they are taking the companies

twohaetnheewr eitr'shmeiigchrotssoafntd,gaolosoglteaektinc.gTthhiississctahleeroafilcoofmnepwansieusccteosasnooftIhnedrialenvOelri.gTinheEsnetrfeirpmresnaeruersalasnodhBavuisnigneascsmolleenc.tRiveErAevDenMueOofRmEore than 1trillion

The Craze for Iphones

Apple has unveiled its next generation iPhone 14 series. Apple is claiming to become bigger and more

powerful through its versions like iPhone 14 series including iPhone 14, iPhone 14 Plus, iPhone 14 Pro and

iPhone 14 Pro Max. This craze for Apple phones has been mostly found in the newer generation and they
READ MORE
are just completely mad for it.

Power - Capturing of Britain

Indians are owning more property in London than the English themselves. As per the reports of the
Department for Levelling Up, Housing, and Communities (DLUHC) states that the Indian Families were
the property kings with some 74% of Indian Households being homeowners a higher rate than White
Britains at 68%. This shows that the Britishers ruled India for a period of 200years and now it's our time

to rule back on them.READ MORE

Air India to induct 30 planes over the coming years

It includes over 30 new aircraft including 5 wide body Boeing planes after the Tatas owned airline and it's
looking to boost domestic and international services. The airline has signed leases and letters of intent for
Inducting 5 wide body Boeing and 25 Airbus narrow body planes over the next 15 months to capture the

whole market and capture the whole Indian Market . READ MORE

2

FINANCIAL
ENTREPRENEUR

FALGUNI NAYAR Is a billionaire Indian businesswoman
who founded and serves as CEO of Nykaa, a retailer of
beauty and fashion. She is one of two self-made female
billionaires from India.

FALGUNI NAYAR's Early Life Let's look
into her

Born on 19 February,1963 in Mumbai, Journey!!!
Maharashtra, Nayar and raised in a
Gujarati household.

Her mother helped her father, a
businessman, running a modest
bearings company.


NYKAA FALGUNI NAYAR and his Professional Life
Personal Life
Nykaa, derived from Nayika, which She spent around 20 years working as a
means the actress of one’s life, is In 1987, she wed Sanjay Nayar, whom startup investor and merchant with Kotak
certainly the perfect name to she had met while attending business Mahindra Group after graduating from IIM
beautify and inspire women at the school.
Ahmedabad.

same time. The CEO of Kohlberg Kravis Roberts She headed the institutional equities
India is her spouse. Adwaita Nayar and business after working for the group's
Anchit Nayar are her two children.
international operations in the US and UK.

She assumed management of the group's
initiative saving money division in 2005.


Education STARTUP, NYKAA BECOMING SELF-MADE BILLIONAIRE

She is a graduate of Sydenham College of In April 2012, at the age of 50, she founded Nykaa Nykaa was listed at a $13 billion valuation on
Commerce and Economics.
with $2 million of her own money.
10 November 2021.

And a postgraduate from the Indian Nykaa was worth $2.3 billion as of 2021 bringing Soon after Nykaa went public, Nayar became
Institute of Management Ahmedabad.
Nayar's fortune to an estimated $1.1 billion.
the wealthiest female Indian billionaire, with
her net worth rising to the tune of $6.5 billion,
and entered the list of top 20 Indians by net
worth


Check out our latest video : Finanza.dsc

4

PERSONAL
FINANCE

India’s largest mutual fund
distributor: NJ India Invest

NJ India Invest, a financial products’
distribution firm, founded in 1994 is
India’s largest mutual fund distributor
today, managing assets worth Rs 1.09
trillion in 2021-22, per Prime MF
database.

For the average person on the street,
the name Neeraj Choksi may not ring a
bell. But he is a giant in the Rs 36
trillion Indian mutual funds (MF)
industry. Along with Jignesh Desai, he
co-founded NJ India Invest.

In 2021-22, NJ India Invest earned
distributor commissions to the tune of
Rs 1,298.58 crore; the highest among
all mutual fund distributors in India.
The firm deploys a large network of
sub-distributors in its network; around
27,000 active distributors. READ MORE

5

THE TALE OF THE
SPARTECH TWIN TOWERS

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.

O THE BEGINNING WITH THE EMERALD COURT

In the mid-2000s, Noida-based builder Supertech Limited launched a housing
project called Emerald Court. Located off the expressway that connects the twin
cities of Noida and Greater Noida, the housing society was made up of 3, 4 &5
BHK flats that had a going rate of between Rs 1 crore and Rs 3 crore on real
estate websites.

O A FALSE PROMISE AND MODIFICATIONS OF
THE BUILDING PLANS

According to court records, until December 2006, when Supertech first modified
its building plans for Emerald Court, the housing complex was to have a
triangular green area in front of Tower #1. This green area was also mentioned in
two other documents – dated April 2008 and September 2009 – relating to the
completion of some Emerald Court towers.

Things changed in November 2009 when Supertech revised its building plans
again and birthed two 24-storey towers that would now be part of the project.
Crucially, the towers – Ceyane and Apex – would come up on that very triangular
green area mentioned in the older documents.

The third revision of building plans took place in March 2012. Emerald Court was
now a project consisting of 15 towers of 11 storeys, and Ceyane and Apex had

their heights extended from 24 floors to 40 floors.
READ MORE

6

THE TALE OF THE
SPARTECH TWIN TOWERS

O THE LEGAL BATTLE

Residents of Emerald Court started making noises about Ceyane and Apex sometime
in mid-2012. The residents wrote to Noida authorities saying that the Twin Towers
were being constructed illegally and that Supertech had lied to them. The residents
asked the Authority to cancel the approvals granted for the construction of Ceyane
and Apex.

In December 2012, the residents took the matter to Allahabad High which ordered in
April 2014 that the Noida Twin Towers should be brought down. Quite expectedly,
Supertech appealed and the matter reached the Supreme Court of India.

In front of the court were two counter-claims. Supertech’s assertion was that the Twin
Towers were being constructed in compliance with all laws and that the Emerald
Court residents did not have any right to object in the first place. On the other hand,
residents of Emerald Court were alleging that the Twin Towers broke several building
construction norms and that the builder had no right to make changes to the
housing society’s project plans without their permission.


O THE VICTORY

On August 31, 2021, the Supreme Court ruled in favor of the residents of Emerald
Court and ordered the following: The destruction of the twin towers, payment by
Supertech Ltd to the experts and organization appointed for destruction of the
towers, repayment by Supertech Limited (with interest) to those who had purchased
flats in Ceyane and Apex and payment of Rs 2 Crores by Supertech Ltd. to the resident
association of Emerald Court.

What followed was the usual legal drama. Supertech asked the Supreme Court to
review its August 31, 2021 order and after several back-and-forth hearings the
Supreme Court refused to change its stand on the base issue that the Supertech Twin
Towers were illegal and they have to go. To carry out the task of destruction, Edifice
Engineering, a Mumbai-based firm that previously demolished four illegal apartments
near Kochi in Kerala was appointed. It employed the technique of ‘implosion’ and
more than 3,500 kgs of explosives were used for destruction of the towers.


READ MORE

6

Despite being overshadowed Stock Price has ‘memory’. This
by the epidemic, the calendar implies that today’s stock price
year 2020 had an all-time depends on yesterday’s stock
high capital raising through price and tomorrow’s stock
the public equities markets at price depends on today’s stock
Rs 1,77,468 crore. This was price. This continues until
116% more than it was in the there is a shock that stops the
year 2019. momentum, at which point a
similar pattern of dependence
on the stock price from the
previous day is followed.

In the 1980s, settlement times FINANCIAL Working Capital could be
for stock trades might exceed FACTS either good or negative.
a month when shares were still YOU Negative working capital may
traded physically. The DIDN'T be interpreted as a poor
settlement process was KNOW indicator. That isn't always the
shortened to 14 days once case. Netflix, Amazon Prime,
electronic matching engines and other subscription-based
were introduced in the mid- businesses frequently have
1990s. Now, the identical negative working capital.
procedure takes two days.

Companies can expand in In the US today, fintechs
other ways besides organic generate about 5% of banking
growth. Companies can grow revenue and up to 20% in the
by acquiring or combining with payment-related industries
other organizations through
the use of mergers and
acquisitions

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

Govt clears PLI incentive of Rs 53 cr for Former Tata group chairman Cyrus
Dixon, becomes first firm to receive sops Mistry, 54, dies in car accident |
under scheme Business Standard News (business-
standard.com)
Dixon to be the first firm to receive
Cyrus Mistry died in a car
sops accident at 54
The Shapoorji Pallonji group
Indian contract manufacturer scion and former chairman of
Tata Sons, Cyrus Mistry, 54 died
Dixon Technologies is the first in an automobile accident.

maker of mobile phones to receive Around 3.15 pm, a Mercedes that Mistry was driving from
Ahmedabad to Mumbai collided with a road barrier and slammed
government clearance for the into a retention wall. Unfortunately, Mistry passed away at the

distribution of rewards under the scene of the collision. READ MORE

production-linked incentive

program.

As a local manufacturer, Dixon had to invest Rs 50 crore and produce

Rs 500 crore worth of smartphones in the first year to qualify for the

smartphone PLI scheme. READ MORE

g20 presidency: India to assume G20 Presidency Chinese mobile phone companies
for one year from December 2022
may leave India
G20 Presidency to be held by India
According to a press release, India According to a report by
will hold the G20 meeting's
presidency from December 1, 2022, Global Times, Chinese mobile
until November 20, 2023.
Under India's Presidency, there are phone businesses may
anticipated to be 200 G20
gatherings. The G20, or Group of decide to leave India and
Twenty, is an international
organization that brings together establish production facilities
developing economies of the globe.
One Earth/Sustainable Responsible in other nations due to the
Inclusive Growth/World is One
Family or Vasudev Kutumbukum are intensifying crackdown.
the themes being considered.
As alternatives to India,
READ MORE
Chinese smartphone

manufacturers are also

considering Indonesia,

Bangladesh, and Nigeria. The

Indian government is looking

into allegations of tax

evasion by three Chinese

mobile phone manufacturers:

OPPO, Vivo India, and Xiaomi.

READ MORE

12

INDIA

Increase in cyberattacks on the healthcare sector Decrease in windfall tax

After the US, India had the After the US, India had the

second-highest number of second-highest number of

assaults on the healthcare assaults on the healthcare

sector in 2021, accounting for sector in 2021, accounting for

7.7% of all attacks. 7.7% of all attacks.

According to a survey by cyber According to a survey by cyber

security intelligence firm security intelligence firm

CloudSEK, the healthcare CloudSEK, the healthcare

sector's technical sector's technical

advancements, such as remote advancements, such as remote

health monitoring, electronic health monitoring, electronic

health records, and the Internet health records, and the Internet

of Things (IoT), gave of Things (IoT), gave

cybercriminals greater cybercriminals greater

opportunity to target the opportunity to target the

business. business.

Export duty to be levied RIL to acquire 79.4% stake in SenseHawk, a US

on rice based company

According to a statement from After the US, India had the
the Department of Revenue, a
20% charge would be applied second-highest number of
to the export of paddy or rough
rice in the husk, husked brown assaults on the healthcare
rice, semi-milled or fully-milled
rice, regardless of whether it sector in 2021, accounting for
has been polished or looked
(other than Parboiled rice and 7.7% of all attacks.
Basmati rice).
READ MORE According to a survey by cyber

security intelligence firm

CloudSEK, the healthcare

sector's technical

advancements, such as remote

health monitoring, electronic

health records, and the Internet

of Things (IoT), gave

cybercriminals greater

opportunity to target the
business. READ MORE

13

WORLD

China's trade falters as demand wanes at
Movie chain Cineworld files for Chapter 11

home and abroad bankruptcy

China's trade suffers Cineworld declares bankruptcy under
As rising inflation stifled international Chapter 11
demand, new COVID limitations interrupted The owner of movie theaters, Cineworld
output, and heatwaves disrupted exports Group LLC, has applied for Chapter 11
and imports, China's exports and imports bankruptcy protection in the United
lost impetus in August, with growth sharply States as it struggles with massive debt
below predictions. and lower-than-expected moviegoer
Although exports have outpaced other economic drivers this year,
attendance.
they now face greater difficulties as geopolitical unrest, inflation, and
In the first quarter of 2023, Cineworld plans to emerge from Chapter 11.

The forced closing of theaters and the severe disruption to film

rising interest rates choke off foreign demand. READ MORE schedules caused by the epidemic made it a very challenging time for the


Queen Elizabeth Dead 2022: How She industry. READ MORE
Passed Away, Cause of Death | StyleCaster
Twitter shareholders give the green light to
Queen Elizabeth II died Elon Musk's $44 billion acquisition deal
On September 8, 2022, Queen Elizabeth II, (moneycontrol.com)
at the age of 96 passed away "peacefully"
at her home in Balmoral, Scotland, Elon Musk deal gets approval
according to a statement released by The $44 billion acquisition agreement
Buckingham Palace. between the social media behemoth
Twitter and billionaire entrepreneur Elon
Upon death first, all the government officials are notified using a code Musk was approved by the company's
phrase following the public through a newsflash to the British Press shareholders.
Association. Prince Charles, the eldest son of the Queen, addressed
The majority of Twitter's shareholders approved Musk's $54.20 per
the world as the new king of the United Kingdom. READ MORE share buyout bid, which he had made in April. However, in July, Musk
"terminated" the agreement due to the "inaccurate portrayal" of spam
Pound falls to weakest level since 1985
against the US dollar accounts on the platform. READ MORE

Pounds falls against US dollar
A bleak economic outlook and the most recent surge in the value of the US dollar caused the pound to decline to
its lowest point in over four decades.
Sterling dropped as much as 1% to $1.1406, a low last reached by Margaret Thatcher's government in 1985. The
last time the sterling-dollar exchange rate was this low, the richest nations in the world agreed to the Plaza

Accord, which devalued the US dollar. 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

FINANCIAaLL
METRICS

Gold loan reports 12% uptick in credit demand from agri
sector

Gold loan non-banking financial companies have seen up to 12% uptick in credit demand
from the farming sector in the ongoing kharif season. Paddy, fish farming and shrimp
farming have led the increase in credit demand, said industry executives
The economic rebound and the prospect of above normal monsoon have brightened the
prospect of a good kharif season.
"The credit demand from farming in general is high. Fish farming and shrimp farming have
shown more demand during the ongoing kharif season," said George Alexander Muthoot,
managing director, Muthoot Finance. READ MORE

HDFC Capital raises over Rs 500 cr. in first close of
proptech fund

HDFC Capital Advisors, a subsidiary of India’s largest private mortgage lender HDFC, has
raised over Rs 500 crore as the first close of its property technology fund through global
investors for investments into start-ups that drive innovation and efficiencies within the
affordable housing ecosystem.
The HDFC Group entity has already made a few investments including HomeExchange,
Loyalie and has already committed to more than 15 investments in proptech companies
operating in India. READ MORE

M3M to invest Rs 130 crore to develop retail project in
Gurgaon

Realty developer M3M will invest Rs 130 crore to develop 4.87 lakh square feet of retail
area in Gurugram.The project – ‘M3M Route65’ in Gurugram, next to the Worldmark in
sector 65. Spread across 4 acres, spread across four floors with 727 units, ranging from
170 to 4800 square feet in area, with ample parking space in the basement.
The company expects Rs 1,000 revenue from the project. READ MORE

Adani pledges stake worth $13 billion in newly acquired
ACC, Ambuja Cements

Billionaire Gautam Adani’s group pledged shares valued at about $13 billion in two Indian
cement firms just days after it completed the acquisition from Holcim Ltd., reflecting the
world’s second-richest person’s hunger for capital as his ports-to-power conglomerate
expands rapidly.
Stakes in two of those companies - about 57% of ACC Ltd. and 63% in Ambuja Cements
Ltd. - have been encumbered “for the benefit of certain lenders and other finance
parties.”
The pledge comes as the tycoon’s ambitious dealmaking in an array of new sectors from
green energy to media raises concerns over the high level of debt across the Adani

group. READ MORE

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ANSWER TO AUGUST EDITION

1.Poductivity 2.Recipt 3.Invest 4.Borrow 5.Royalty 6.Intrest 7.Share 8.Stockexchange 9.Loan

10.Capital 11.Expenditure 12.Guarantee 13.Merger 14.Cash 15.Refund

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Did ‘Brahmastra’ really cause 800 crore rupees loss for cinemas?

Ranbir Kapoor and Alia Bhatt starrer 'Brahmastra' is looking strong at the box-office but certain recent reports
claimed that the film had ‘misfired’ for the major cinema chains in India like PVR and INOX, causing a loss of Rs.
800 crores. On Saturday, PVR Cinemas CEO Kamal Gianchandani reacted to this on twitter. He stated that it was
merely a rumor and instead he shared some great news. He posted that PVR had done a net box office business
of Rs. 8.18 crore for Brahmastra on Friday, higher than many other recent blockbusters. With this it is even in line
with recent South Indian super hit films like RRR and KGF 2. He even added that he expects the numbers for
Saturday and Sunday to be even higher. READ MORE

The sad passing of the Comedy King Raju Shrivastav

Comedian Raju Srivastava passed away on the morning of 21 September 2022, over a month after he
suffered a cardiac arrest while running on the treadmill in the gym. Swelling was observed in his brain
during his treatment and he was also treated by neurologists. The comedian was admitted to the All India
Institute of Medical Sciences (AIIMS) hospital in Delhi where he breathed his last. The funeral took place
on the very next morning, in New Delhi. Prolific figures including Narendra Modi, Yogi Adityanath, Rajnath
Singh, Amit Shah, Ajay Devgn, Anil Kapoor, Vivek Agnihotri, Rajpal Yadav and others expressed their
condolences over Shrivastav's death. READ MORE

ZEE-Sony hope to merge amidst drop in combined market share

The Competition Commission of India (CCI) has raised some queries regarding the proposed merger of Sony
Pictures Networks India (SPN) and homegrown media network Zee Entertainment Enterprises (ZEE) as it felt that
this merger could hurt competition, and that more scrutiny was needed, as per a media report. The competition
watchdog, in its letter dated August 3, is reported to have raised the point that the combined entity will enjoy
“unparalleled” bargaining power and can increase the prices of channels as well as earn higher profits after
considering the market data from FY21. The combined viewership share of ZEE and SPN channels in four genres —
Hindi general entertainment channel (GEC), Hindi films, Bengali GEC, and Marathi GEC — was more than 40% in each
market.

However, executives at the two companies are confident that the merger will certainly happen because the
combined viewership share for the channels, which BARC India puts out every week, has fallen steadily in FY22, and
so far, this year.
READ MORE

Disney unveils content slate at fan event D23

The Walt Disney Studios on Saturday unveiled its upcoming slate of films and series from its studios
Lucasfilms, Marvel Studios and 20th Century Studios at the ongoing global fan event D23 Expo held at
Anaheim,
Kevin Feige of Marvel Studios took the center stage to provide an exclusive look into the upcoming movie,
‘Black Panther: Wakanda Forever’, which will release in theatres on November 11. He also talked about the
Phase 5 of the Marvel Cinematic Universe with the ‘Ant-Man and The Wasp: Quantamania’ and ‘The Fantastic
Four’ as a phase 6 movie. Other films from the studio include ‘Captain America: New World Order’, ‘The
Thunderbolts’ and ‘The Marvels’. READ MORE

Mahabharat a soon to be 5d experience Made on a budget of Rs 410 crore

Brahmastra Part 1: Shiva is Bollywood’s most expensive film made to date. But it seems that soon another Hindi
movie will take as the most expensive Indian film ever. As per a report, producer Firoz Nadiadwala is all set to work
on the epic Mahabharat for the big screen and the film will be made on a budget of Rs 700 crore. The film will be
made in 5D format and will be released by 2025 end. The entire tale of the Mahabharat will be conveyed in three
hours and the producer is confident that it would be India’s answer to Hollywood films. Mahabharat will star Akshay
Kumar, Ajay Devgn and Ranveer Singh in lead roles. The film will also see Paresh Rawal, Nana Patekar, and Anil

Kapoor. READ MORE

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