FINACE (6)-1

HIGHLIGHTS

No goverment stake to be there in
VI

How Russia's decision impacts India

India : The primary focus market of the
world

Downfall of Mahindra Finance share

ICICI bank hikes home loan interest
rates

Answer to How India beat
the global markets

Pushpa: The Rise highest grossing SRI LANKA CRISIS!
South Indian film in Russia now
DECEMBER
FOLLOW US : EDITION
/ finanza.dsc 2022

/finanzadsc.com

ISSUE • 30 DECEMBER 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 2
6 Sri Lanka Crisis
7 Financial facts you didn't 3N

know 4
8 Prodigium‘22
5
9 India
10 World 6D
11 Miscellaneous
12 Financial Metrics 8
13 Financial Aptitude
14 Lights camera and finance E9

10
11

X12

13

"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 VIHANA BHARGAVA SHRISTY PRIYA VANSHIKA
(PROJECT LEADER) (PROJECT GARG

COORDINATOR) (EDITOR-IN-CHIEF)

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



VARUN TEESHA ANJALI
SONI ARORA JAIN

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

RESEARCH & CORPORATE NIHARIKA MRIDUL Mayank
RELATIONS PAHWA GARG Mehra

DEEPSHI
BANSAL

ADITI NAMAN
UPADHYAY GOYAL

EDITORIAL ANISH
TEAM PUJAPANDA

SHREYANSH
ARYA

GRAPHIC
TEAM

TARANG
CHAUDHARY

IV

CORPORATE

&STARTUPS
No Government Stake in Vodafone Idea Indian Company under scanner

As the promoters of Vodafone Idea are unwilling to infuse for deaths
in the adequate capital into the telco as it makes it
unviable for the government to convert the accrued An Indian pharmaceutical company whose Cough Syrup
interest on deferred adjusted gross revenue dues into has been responsible for alleged deaths of eighteen
equity as per reports of a senior government official. So children in Uzbekistan has to stop its production activities
it's necessary to make the Vodafone Idea position back in in the set up in Noida as per the investigation by the
Country Drugs Regulator. It's the moral responsibility of
the market with capital investment. READ MORE the company to properly look into its production activities.

Effect of Apple on Capital READ MORE
Market
New Age Company Investment in
A steady slide in the shares of Apple Inc Company has
pushed the iPhone Maker Market values below 2 trillion Spain
dollars and it has fallen off to 3.7% and iPhone supply has
been concerned shortage and investors have also lost Gurgaon based Eicher Motors has announced its
faith in a reply to the high interest rates as set up by the collaboration with the Spain Stark Future to jointly develop
company . So this effect in shares of the biggest tech the electric motorcycles. As per the agreements, Eicher
giants has shown the effect in the Capital Market . Motors has approved investment for 50 million rupees for
a close to 10.35 equity stake in Stark Future. As ,Everyone
READ MORE knows electric vehicles will be needed for the future
because of the exhaustion of renewable sources of energy
Domestic turns upto Foreign
,so this investment is quite necessary. READ MORE
Domestic Crypto Cumulative trade volume is worth 32000
crore rupees and it shifted from the domestic Crypto Selling of Stakes
exchanges to the foreign reserves during the times of
February -October 2022 following the results of Finance Singapore centred Capital land
Minister Nirmala Sitharaman Budget 2022 speech that
announced 30% tax on the income transfer of virtual investment and its joint
assets. Crypto Market is the future of India and its really
partner- Maharashtra
important to take concern for it . READ MORE
Industrial development
Tesla Promoting Chinese in top leadership
corporation (MIDC ) have
Tesla Inc China chief Tom Zhu is promoted to the position of
taking charge of the electric car making assembly plants of the signed pacts to sell their
United States of America and Europe according to the reports
of Reuters . stakes in the Ascendas
The Tesla Posting showed the importance of Tom Zhu in the
Information Technology Park
company and his worth to the company. READ MORE
in Pune to Capital Land Trust
Russia's Decision -Impact on India
for the more and more
A decision taken by the capital of Russia that is Moscow, to ban
the oil exports to The Western countries, supporting the Price development of Information
Capital and also import relations with India will be boosten up as
per the reports of the Industrial Executives and it would be Technology Hub in Pune.

really beneficial for both India and Russia. READ MORE READ MORE

Renewable Energy -Reality of

the Future

Tata Power Renewable Energy
(TPREL ) a subsidiary power of Tata
Power has received the Letter of
Award from Tata Power
Distribution limited and NCT of
Delhi for setting up of an hybrid
255 MW (Solar and Wind Energy
Plant ) Power Project in Karnataka.

READ MORE

Check out our latest video : Finanza.dsc

1

FINANCIAL
LEADER

Mission: Burning tech into the minds of everyone

Nithin Kamath is the Founder and Chief Executive
Officer of Zerodha. He began trading stocks when he
was introduced to the markets by his friends at just
17. He started trading in penny stocks. He had
accumulated quite a bit of money by the time he
finished his engineering degree from the Bangalore
Institute of Technology.

He then lost it all - Rs 5 lakh - between 2001 and
2002 when the markets crashed. Undeterred, he
began working at a call centre during the night while
he traded stocks in the day to build up his trading
capital. This went on for a couple of years until he
met an American HNI who gave him a cheque and
asked Nithin to manage his money. Eventually, he
started his brokerage Kamath & Associates and
became a sub-broker for Reliance Money in 2006.
In one of the biggest gamble of his life, Nithin started
Zerodha in the middle of a trading lull in 2010.

Today, Zerodha is the largest retail brokerage firm in
India by all measures, and one of the largest retail
trading platforms in the world by activity. We have
achieved this without ever advertising, or raising any
external capital or debt. We focused on innovative
products and services, and it took us a slow and
steady 10 years along with a lot of luck.
After the success of Zerodha, and more recently, the media bestowing on us glamourised labels
like “unicorn” and “billionaires”, I felt I should share my personal perspective on business and
life, and what success really means to me, beyond the labels. If nothing else, I want to tell
people that it is possible to be successful at business by questioning the true cost of revenue,
valuations, and growth, instead of continuously chasing them. And that success is relative,
impermanent, and a lot of luck too.

Check out our latest video : Finanza.dsc

2

PERSONAL
FINANCE

5 habits to adopt in 2023 to make your 15 mutual fund NFOs open in January,
money grow 2023. Should you invest?

A new year is synonymous with new beginnings. It Mutual fund houses are busy launching new
could also be the perfect time to set some new money schemes at the beginning of the New Year. New
goals that you would like to achieve this year. As we all fund offers (NFOs) of at least 15 schemes are hitting
know, new year resolutions are easy to make but harder the markets in January. Most of these new funds are
to follow, so here are five steps that you can follow to passive or index-based debt schemes. This is
make sure you are setting yourself up for financial because market analysts believe that with the
success. READ MORE interest rate cycle reaching its end, debt funds
would be better placed in 2023. READ MORE
Federal Bank latest FD interest rates:
Senior citizens can earn up to 7.75% Best conservative hybrid mutual funds
to invest in 2023
Federal Bank has revised fixed deposit interest for
amounts below Rs 2 crore. The new rates are effective Conservative hybrid schemes, as the name
from December 18, 2022. After the revision, the bank suggests, are meant for investors with a
will offer interest rates between 3% and 7.25% for conservative risk profiles. These schemes invest
regular citizens and 3.50% and 7.75% for senior citizens. mostly in debt and small exposure to equity. As per
the Sebi mandate, conservative hybrid schemes
READ MORE invest 75-90% in debt instruments and 10-25% in
stocks. These schemes are meant for investors
Best arbitrage mutual funds to invest in looking to invest a small part of their money in
2023 equity to get some extra returns. READ MORE

Do you want to park money for a period of a year or Mutual Fund schemes to consider in
more? Are you looking for the best after-tax returns for 2023 amid rising market volatility
parking money for year? Consider investing in arbitrage
funds. Also, these funds do not invest in debt The balance advantage funds (BAF) adjusts
instruments. exposure between equities and debt depending
upon their respective valuations. The US
Arbitrage funds look for arbitrage opportunities benchmark indices including the S&P 500 and the
available in the market. In other words, the fund Nasdaq Composite indices are down 22% and 33%
managers in these schemes look for the price respectively from their peaks. MF advisors believe
difference that they can exploit between the cash and that the sharp fall makes these indices attractive in
derivatives markets. They may also invest in debt 2023. READ MORE
securities and equities if there are no arbitrage
opportunities available in the market. READ MORE

3

SRI LANKA CRISIS

.Sri Lanka is an island nation in the Indian Ocean off the southeastern coast of the Indian
subcontinent. It comprises an area of about 25,000 square miles (slightly larger than
West Virginia), and its main sources of income from exports are textiles, garments, and
tea leaves.Protests started in the capital, Colombo, in April and spread across the
country.People have been struggling with daily power cuts and shortages of basics such
as fuel, food and medicines.Inflation is running at more than 50%.The country doesn't
have enough fuel for essential services like buses, trains and medical vehicles, and
officials say it doesn't have enough foreign currency to import more.This lack of fuel has
caused petrol and diesel prices to rise dramatically.In late June, the government banned
the sale of petrol and diesel for non-essential vehicles for two weeks. Sales of fuel remain
severely restricted.Schools have closed, and people have been asked to work from home
to help conserve supplies.

What led to the economic crisis?

The government blamed the Covid pandemic, which badly affected Sri Lanka's tourist
trade - one of its biggest foreign currency earners.It also says tourists were frightened off
by a series of deadly bomb attacks in 2019.However, many experts blame President
Rajapaksa's poor economic mismanagement.Sri Lanka now imports $3bn (£2.3bn) more
than it exports every year, and that is why it has run out of foreign currency.At the end of
2019, Sri Lanka had $7.6bn (£5.8bn) in foreign currency reserves, which have dropped to
around $250m (£210m).When Sri Lanka's foreign currency shortages became a serious
problem in early 2021, the government tried to limit them by banning imports of chemical
fertiliser.The state-run Census and Statistics Department said that agriculture sector
shrank 8.7% in the third quarter and industries 21.2%, while services dropped 2.6%, from
a year earlier.

4

The primary defect of Demonetization of Foreign Institutional Investors sold shares

2016 is that the circulation of currency worth around 628.07 crores and domestic

today stands at 83% high in comparison institutional investors purchased shares

to 2016 and the decision was so worth 350.57 crores and this is really a good

unplanned and I'll -wayed that it has been sign for the economy. READ MORE

not able to properly solve and achieve its

motive . READ MORE

The Central Government fiscal Deficit has FINANCIAL TThe investors at Dalal Street become
widened to around 9.78 lac crores rupees FACTS richer by more than 16.38 lac crores in
which is currently the 58.9 percentage of YOU the year 2022 as the equity market
the Financial Year Budget Estimate as per DIDN'T scaled new heights despite persistent
the reports of the Controller General KNOW geo-political uncertainties but foreign
Accounts and its expected to grow to 16.9 investors are returning back to India
Lac crores by April 2023. READ MORE which is a good sign for the economy.

Bharat Pe Revelation that it has suffered READ MORE
around a loss of 5,600 crore in the financial
world that too with another huge back step Neobank Jupiter has raised 100 crore
of the stepping down of the Immediate rupees in Venture Debt from Alteria
Chief Executive Officer i.e Suhail Sameer . Capital as the Tiger Global Band Backed
The company has been noticing a downrail Startup looks to scale and expand lending
since the stepping down of the Former products with the Neobanking penetration
Managing Director of the Company i.e. low in India. Jupiter is focusing on rolling
Ashneer Grover . The Unicorn Company out multiple investments and credit
has to really reevaluate its decisions and focused products down the lane in the
works to survive in this financial world. year 2023 that will be resulting in the
broadening of the Financial Offerings
READ MORE
READ MORE

Canada has always been a global

destination among the students of the

world who thus wish to pursue their higher

education with smooth immigration

policies , student friendly policies ,high

employability factors and many more

things . Government has decided to see

that to bid goodbye to the financial woes

of the students so that they can study

easily and freely. READ MORE

5

Prodigium'22

6

Prodigium'22

7

INDIA

Story of Ambani Rise in Power Consumption

On the Eve of Dhirubhai Ambani (one of the Amid the global economic slowdown as a
Greatest Businessmans of India ) result of the Ukraine -Russian war , the Indian
Birthday,pictures of Mukesh Dhirubhai Economy has shown continued resilience and
Ambani,Nita Ambani and their the recent power consumption report has
granddaughter became an array on the Social proven this fact as India' power consumption
Media and it has been almost two decades is continuously growing and it has grown up by
since Mukesh Ambani succeeded his father 11% in 2022 as compared to 2021.
has the Managing Director of Reliance
Foundation and has been successfully READ MORE
running the company through the right
High Collection of Good and Services Tax
decisions at the Right Time. READ MORE
India's goods and services tax revenues rose
India -Primary Focus Market of the World to 15% nearly touching 1.5 lac crores and
many states like Bihar ,Goa , Odisha and
Heineken is the 2nd Most biggest brewer in the Manipur have reported high growths with
world and as per his statements he believes India is 8% revenues from the import of goods and
now the primary focus market as China was 2 18% from the import of services.
decades earlier and it should be primarily seen as a
continent instead of seeing it as a country seeing to Downfall of Mahindra Finance Shares

its large scale and complexity . READ MORE

Role of Artificial Intelligence in the Financial The shares of Mahindra Finance fell down to 4%
Market in Tuesday intra-day trade at the Bombay Stock
Exchange and it recorded a disbursement of
As per different suggestions by the economists, it has approx 4650 crores in December 2022 and
been completely necessary for India to build an early
warning system in the post disbursement phase and delivered 67% year to year growth. READ MORE
enhance loan recovery procedures rather than
eliminating major bad corporate loans as India alone had Rise of Electrical Scooters
the loans of commercial banks amounting up to around
1 lac 75 thousand crore. So it's completely necessary to Ola Electric managed to sell down around 25000
e-scooters alone in the month of December 2022.
put a check in it . READ MORE The company's total sales is 1.5 lac units in the
calendar year 2023 and around market share of
Rise of Service Sector in India 30% and this will surely grow in the upcoming

year of 2023. READ MORE

India's service sector increased at the fastest pace in the last six months until December 2022 according to the results of a private survey. The survey also

pointed out the big growth of private sector output climbing up to an 11 year high and the composite index rose to 59.4 . The service sector is also currently

the biggest employer of India. READ MORE

8

WORLD

UK food inflation hits 13.3% in Germany’s Inflation Rate Hit High in 2022

December The pace of consumer price increases began easing late in the
year, thanks to lower energy prices and a government relief
The annual growth of UK food prices was 13.3% in package in December but the country’s annual rate of inflation set
December, the highest reading on record, a new, post-Cold War record with an overall inflation rate of 8.7
according to new figures from the British Retail percent. Policymakers remain concerned it could take well into
Consortium. The BRC, whose records began in next year before price pressure in Germany, Europe’s largest
2005, said this was up from 12.4% in November. economy, stabilize.
The figures show the inflation rate for fresh For December, the annual rate of inflation was 9.6 percent, down
produce in December was even higher at 15%, up from a rate of 11.3 percent the month before, the statistics office
from 14.3% a month earlier. The BRC said high
prices for animal feed, fertiliser and energy all said. Officials credited a government aid package that subsidized energy bills among the country’s
contributed to the higher food prices.The numbers lowest-income households in December for the year-end rate drop.
Spain, Europe’s fourth-largest economy, also reported a slowing rate of inflation, at 5.6 percent in
from the BRC suggest the rate of food inflation due to be reported by the December, down from 6.7 percent the month before, according to data from the National
Office for National Statistics for December later this month will also be higher. Statistics Institute released on Friday. There, as in Germany, intervention by the national
In November the ONS reported a 16.6% rate of food inflation, a 45-year high.
However, the figures also relieved that inflation in non-food shops, such as government to cool energy prices contributed to the drop in the pace of inflation. READ MORE
fashion or homeware, slowed in the month down to 4.4% in December from
4.8% the month prior. READ MORE Stock and bond markets shed more than 30 trillion
dollars in 2022
LA Pays $20 Million for Black Couple's land seized in
1924 Global stocks and bonds lost more than $30tn for 2022 after
inflation, interest rate rises and the war in Ukraine triggered the
Southern California beachfront property that was taken from a Black couple heaviest losses in asset markets since the global financial crisis.
through eminent domain a century ago and returned to their heirs last year The broad MSCI All-World index of developed and emerging
will be sold back to Los Angeles County for nearly $20 million, officials said market equities has shed a fifth of its value this year. In New York,
Tuesday. a sell-off on the last trading day of the year added to losses for the
Steven Bradford, who led local and state governmental efforts to undo the blue-chip S&P 500 and the tech-heavy Nasdaq, which have fallen
long-ago injustice. Bradford, who authored the state legislation that enabled 19 per cent and 33 per cent this year, respectively. Bond markets
the land’s return, said he supported the heirs’ decision to sell it to the county have also endured heavy selling: the US 10-year government bond
because current zoning regulations would prevent them from developing it in
an economically beneficial manner.The land in the city of Manhattan Beach yield, a global benchmark for long-term borrowing costs, has shot up to 3.9 per cent from about 1.5
was purchased in 1912 by Willa and Charles Bruce, who built a small resort for per cent at the end of last year. he market value of companies traded across all global stock

African Americans on the south shore of Santa Monica Bay.READ MORE exchanges tumbled by $25tn, according to Bloomberg. READ MORE

First Decline Mid-2020 sees first decline in Spain's 12-month inflation slows down again in
Manhattan Home Prices as they slip 5.5% December to 5.8%

Manhattan apartment prices fell 5.5% year-over-year Spanish consumer prices rose 5.8% in December -
in the fourth quarter of last year — the first time that at their slowest annual pace this year, thanks to
residential real estate values dropped since the lower electricity prices compared to a year ago. Still,
second quarter of 2020. core inflation, which strips out volatile fresh food
In the last quarter of 2022, co-ops and condominium and energy prices, was at 6.9% year-on-year, higher
apartments in Manhattan were sold for a median than the 6.3% recorded a month ago.
price of $1.1 million, according to a report by appraiser In November, Spain had the lowest inflation in the
Miller Samuel Inc. and brokerage firm Douglas Elliman 27-member European Union with a rate of 6.7%,
Real Estate. Even though sales and prices were still after peaking in July at around 11%.
higher compared to the fourth quarter of 2019, there Spain's European Union-harmonised 12-month
was a sharp drop in listing inventory, according to the inflation was 5.6%, down from 6.7% in November
appraisal. The median price of condos and co-ops and below the 6.0% expectation from analysts.
sold during the fourth quarter of 2019 was $999,000.
The combination of higher interest rates and high Earlier this week, Spain approved this year's third
prices have led to lower demand, the analysts wrote major package of measures to ease the pain of
in their report.READ MORE inflation, including reductions in value-added tax on
basic food staples and a 200-euro bonus for
households with annual incomes below the
threshold of 27,000 euros. READ MORE

9

MISCELLANEOUS
ICICI Bank hikes home loan inte
rest rates
ICICI Bank has raised its marginal cost-based lending rate (MCLR) across all tenures by up to 25 basis points.
One basis point equals 0.01 percent. The higher interest rates are effective from January 1, 2023.
According to the ICICI Bank website, the overnight, one-month MCLR rate has been increased to 8.40
percent from 8.15 percent. The three-months, six months MCLRs at ICICI Bank have been increased to 8.45
percent, and 8.60 percent, respectively. The one-year MCLR is hiked to 8.65 percent.
Your EMI payment will increase along with the increase in the interest rate on your home loan (both EBLR
and MCLR). The benchmark to which your mortgage loan is connected will determine when the increase will
affect you. READ MORE

Sebi fines DSP Investment Managers for bearing expense ratio of DSP Nifty
50 ETF from its books

Markets regulator Sebi has levied a fine of Rs 1 lakh each on DSP Investment managers and DSP Trustee for bearing the
expense ratio of Nifty 50 ETF scheme onto its own books. The DSP Nifty 50 ETF was launched in 2021 December and the
total expense ratio was supposed to be 0.16%. However, the fund house charged just 0.07% from the scheme and soaked
up the remaining 0.09% on its own books.
Sebi said even though the amount of expense of scheme borne by the AMC was miniscule at Rs 53,238, it cannot ignore
the gravity of violations involved in the matter as total expense ratio of a scheme is one of the important parameters for

investors while taking investment decisions. READ MORE

Corporate India focusing on gender diversity, to hire more women in 2023

Corporate India is pushing for gender diversity in the workplace and is set to hire more women within its
ranks in the New Year, reported The Economic Times. Leadingorganisations such as Cognizant, Larsen &
Toubro and HDFC Bank are intensifying their efforts to attract more women employees by taking initiatives
like flexible work hours and mentoring programmes, according to the report.
Some other organisations that are taking these initiatives on this front include ITC, KPMG, Axis Bank,
Schneider Electric, Cipla and Procter & Gamble, the report said. These businesses are also focusing on hiring
second-career women – those who are returning to work after a career break. They also intend to rehire

those who left in the past five years. READ MORE

Time-restricted eating can reshape gene expression: Research

Intermittent fasting has become a hot topic in the wellness industry as numerous laboratory studies have shown the health
benefits of time-restricted eating, including increased life span.
Now, Salk scientists show in mice how time-restricted eating influences gene expression across more than 22 regions of the
body and brain. For the study, two groups of mice were fed the same high-calorie diet. One group was given free access to
food. The other group was restricted to eating within a feeding window of nine hours each day.
After seven weeks, tissue samples were collected from 22 organ groups and the brain at different times of the day or night
and analysed for genetic changes. The authors found that 70 per cent of mouse genes respond to time-restricted eating.

READ MORE

Urban Company looks to upskill 5 lakh service partners by 2030

Urban Company is looking to ramp up the number of gig workers on its platform. The firm currently has
approximately 45,000 partners spread across 63 cities globally and 54 cities in India.
The company is rolling out a slew of initiatives for the benefit of partners. The PSOP plan is already
functional, and the company aims to award stocks worth Rs 150 crore to thousands of service partners over
the next 5-7 years with zero cost to them. The company provides accidental insurance along with health
insurance to all its service partners. There are also provisions of loans offered to them as financial aid over
and above the income. The company is also looking to train and upskill over 5 lakh service partners by 2030

and expand its services to tier 2 and tier 3 cities. READ MORE

10

FINANCIAaLL
METRICS

India beats global markets: What Rupee falls 8 paise to close at 82.86
propelled the rally this year against US dollar

India is set to rank among this year’s best- The rupee pared initial gains and settled 8
performing major stock markets globally, paise lower at 82.86 (provisional) against the
overcoming concerns about higher interest US dollar, weighed by a strong greenback
rates and an economic slowdown that has overseas and sustained foreign fund outflows.
mired peers. At the interbank foreign exchange market, the
The S&P BSE Sensex Index is up 3% so far in rupee opened on a positive note at 82.69
2022, the biggest gain in the world after against the greenback, but pared the gains and
measures in Singapore and Indonesia. fell to an intra-day low of 82.92. The domestic
This year’s winners include shares linked to currency finally settled at 82.86, down 8 paise
billionaire Gautam Adani and banks boosted by over its previous close of 82.78.
a sharp recovery in credit demand. READ MORE The dollar index, which gauges the greenback’s
strength against a basket of six currencies,
Performance of sectorial indices in was trading 1 per cent higher at 104.55.
2022: There's more bad than good
READ MORE
Despite the upbeat drumbeat surrounding the
equity markets amid growing expectations Core sector performance:
those central banks will slow down their pace Sequential growth to pick up even
of interest rate hikes, crude and commodity as YoY score may hit a bump
prices will soften, and the Dollar index and
yields will decline, sectorial indices have There are two-pronged growth strategies for
delivered a mixed performance. Inox Green; one is naturally the organic growth
Of the 15 sectorial indices tracked on the BSE, which will come in from all the new turbines
only seven have delivered positive returns which are set up at Inox Wind level and second
while eight have delivered negative returns is the inorganic growth opportunities in the
over the past year — from the peak of October unorganized sector. We are looking at a lot of
2021 to December 2022. READ MORE these companies. READ MORE

11

FI N A N C I A L
APTITUDE



Identify the letter of the choice that best completes the statement or answers the question

I was born on December 28, 1937; I am a bachelor; My company I'm the CMD of a $5-billion telecom services company; I'm the son of a
manufactures the world's cheapest car. Who am I? politician; My company was in talks with MTN for acquisition. Who am I?

A. Ratan Tata A. Rajeev Chandrasekhar
B. Kumar Mangalam Birla B. Mukesh Ambani
C. Rahul Bajaj C. Sunil Bharti Mittal
D. Satya Nadella D. Anil Ambani

I was born in Yemen; I'm the CMD of the country's leading conglomerate; I'm In 2004, I was elected as an Independent Member of the Rajya Sabha; I'm
the richest person in Asia. Who am I? embroiled in a dispute with my elder brother; I'm married to Tina Munim.
Who am I?
A. Dhirubhai Ambani
B. Anil Ambani A. Rajeev Chandrasekhar
C. Leena Nair B. Mukesh Ambani
D. Mukesh Ambani C. Nikesh Arora
D. Anil Ambani
I'm a Bangalorean; My company has diversified interests, from soaps to
software; My father owned the Western India Vegetable Product Company. I own the IPL Cricket team - Royal Challengers Banglore; I'm a former Rajya
Who am I? Sabha MP; My company sponsors the East Bengal and Mohun Bagan football
clubs in Kolkata. Who am I?
A. NR Narayana Murthy
B. Azim Premji A. Karan Billimoria
C. Vijay Mallya B. Vijay Mallya
D. Leena Nair C. Mukesh Ambani
D. None of these
My company manufactures two-wheelers; I'm the president of CII; My
company has won a case against Bajaj. Who am I? I was elected to the Rajya Sabha in June 2006; I have two sons, Rajiv &
Sanjiv, and a daughter, Sunaina Kejriwal; I'm an alumnus of Harvard Business
A. Rahul Bajaj School. Who am I?
B. Venu Srinivasan
C. Pawan Munjal A. Mukesh Ambani
D. Sanjay Mehrotra B. Venu Srinivasan
C. Anil Ambani
D. None of these

I'm a Harvard graduate; I'm a football fan; I rescued a scam-hit software My company is the biggest biopharmaceutical firm in India; In 1998, I got
giant. Who am I? married to John Shaw; I'm termed India's Biotech Queen. Who am I?

A. Anand Mahindra A. Swati Piramal
B. Vijay Mallya B. Kiran Mazumdar Shaw
C. Adi Godrej C. Anuradha Desai
D. Sundar Pichai D. Ratan Tata

ANSWER TO SEPTEMBER EDITION

1. paypoint india 2. union budget mobile app 3. book building 4. natarajan chandrasekaran 5. warren buffet 6. zubeen garg

7.UCO Bank 8.Both a and b 9. vedantu 10. dior 11.BMW 12.MRF

12

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FINANCE
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Supreme Court validates the right of cinema halls to regulate outside food
accompaniment

Supreme Court of India has stated that cinema hall owners are entitled to set their own terms and conditions for the sale of food
inside theatres. The court was hearing a batch of appeals that theatre owners and the Multiplex Association of India had filed. They
challenged a 2018 verdict of the Jammu and Kashmir High Court, which ruled that multiplexes and theatres cannot prevent the
audience from carrying their own food and beverages inside the movie halls.
The court also said that a moviegoer has the choice to not consume the food and beverages served inside theatres. “A cinema hall is
the private property of the owner of such hall and he is entitled to put such terms and conditions as he deems fit provided the same

are not contrary to public interest or safety,” it said. READ MORE

Namita Thapar reacts to the recent trolling Shark Tank India faced

The second season of Shark Tank India premiered on January 2. However, the episode left a section of audience
disappointed after a pitch about a makeup brand named Recode was rejected because it was shark Vineeta Singh’s
Sugar’s competitor brand. While sharks were impressed with the pitch, all of them except Peyush Bansal rejected it
because it was from Vineeta Singh’s industry. Shark Tank India’s Namita Thapar has reacted to the trolling through her
Twitter handle and mentioned that being a shark does not mean they cannot have their independent values. She added

that she has ‘no regrets’ in not accepting Vineeta’s competitor brand’s pitch. READ MORE

Jeremy Renner shares first post after his snow ploughing accident

Hawkeye star Jeremy Renner shared an update on his health on January 4. The actor had injured himself while
ploughing snow in Nevada's Reno over the weekend. The actor posted a picture of himself from the hospital,
thanking fans for their "kind words." He wrote in his post: "Thank you all for your kind words. I'm too messed up
now to type. But I send love to you all." In a statement earlier, the actor's spokesperson said that Jeremy Renner
was in "critical but stable condition" after the injury.
Earlier, Renner was run over by his snowcat, a device to remove snow, after the machine started to roll away when
he was not in the driver's seat. He was injured during an attempt to get back into the snowcat. READ MORE

Pushpa: The Rise becomes the highest grossing South Indian film in Russia

In December 2021, the Allu Arjun-starrer Pushpa: The Rise was released in India. It was a massive success. Released as a
pan-Indian film, the movie became a national phenomenon with its dialogues and songs. The movie later started streaming
on Amazon Prime Video and met with a great reception there as well. But the movie did not just shatter box office records in
India, but abroad as well. Reportedly, Pushpa: The Rise has done record-breaking business in Russia. The movie has
reportedly minted over 10 million Rubles in 25 days at the Russian box office, which amounts to Rs 13 crore in Indian

currency. This makes the movie the highest-grossing South Indian movie in Russia, overtaking Baahubali 2. READ MORE

Zomato co-founder and CTO, Gunjan Patidar resigns

Zomato had witnessed some top level exits last year, including those of Rahul Ganjoo, who was head of new
initiatives, and Siddharth Jhawar, the erstwhile vice-president and head of Intercity, and co-founder Gaurav Gupta.
And now the Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan
Patidar resigned from the post on Monday. Patidar was one of the first few employees of Zomato and built the
core tech systems for the company, it said in a regulatory filing.
"Over the last ten plus years, he also nurtured a stellar tech leadership team that is capable of taking on the mantle
of leading the tech function going forward. His contribution to building Zomato has been invaluable," the company
said. It, however, did not disclose reasons for his resignation. READ MORE

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