Vol.

1, 2015-16; Issue 5

FINANCIAL WEEKLY
19th 25th NOV
 INTERNATIONAL NEWS

U.S. economy grew at a better Pfizer and Allergan combine in

pace than expected
The economy grew by 2.1% between July and
September, according to the Commerce
Department. That's better than its first estimate
of 1.5%.
The revision is a sign that the economy is
weathering the global economic slowdown
better than some had previously expected. It
also comes just weeks after the best report on
jobs growth of the year in October.
The improved figure is another indication the
U.S. consumer -- the main engine of economic
growth -- has shown resiliency this year.
http://money.cnn.com/2015/11/24/news/economy/us-gdp-
third-quarter-second-estimate/index.html
China busts $64 billion
underground banking ring
Chinese officials have busted the country's
largest-ever underground banking ring,
involving transactions totaling $64 billion.
Some 100 suspects from eight gangs have been
detained since police in eastern China launched
the investigation last September, according to
official state media.
The gangs were thought to be linked to a
ringleader who allegedly operated multiple shell
companies in Hong Kong engaged in money
laundering and foreign exchange transactions.
http://money.cnn.com/2015/11/20/news/china-underground-
banking/index.html
biggest drug merger ever
In one of the biggest corporate deals ever,
Pfizer and Allergan announced Monday that they
would combine to create the world's largest
pharmaceutical giant.
The merger, which still needs regulatory
approval, would bring blockbuster drugs like
Pfizer's Lyrica, Enbrel and Viagra and Allergan's
Botox and Restasis under one corporate roof.
http://money.cnn.com/2015/11/23/investing/pfizer-allergan-
merger/index.html
Coming soon: one dollar = one
euro
The dollar could soon be worth as much as the
euro.
The two currencies are heading toward parity
after Mario Draghi, the president of the
European Central Bank, dropped yet another
strong hint that he is about to pour more money
into the European economy.
Speaking at a banking congress in Frankfurt,
Draghi said the ECB is ready to act fast to boost
Europe's nonexistent inflation.
"If we decide that the current trajectory of our
policy is not sufficient to achieve our objective,
we will do what we must to raise inflation as
quickly as possible," he said.
http://money.cnn.com/2015/11/20/news/economy/dollar-euro-
parity-ecb/index.html

NATIONAL NEWS

Seventh Central Pay Commission set to benefit 52 lakh

pensioners

The biggest beneficiaries of the Seventh Central Pay Commission are set to be 52 lakh pensioners
with the adoption of the one-rank, one-pension (OROP) principle. They are also more likely to
spend the bounty than save it since they typically have fewer liabilities than those still working,
potentially fuelling higher demand for consumer goods and services besides recreation and travel,
experts said.

http://economictimes.indiatimes.com/articleshow/49885661.cms?utm_source=contentofinterest&utm_medium=text&utm_ca
mpaign=cppst

An investment in knowledge always pays the best interest.

- Benjamin Franklin
Eastern states eye Rs 1,280 RBI sets direct agri-lending
crore as coal auction proceeds target at 11.57%

Coal-rich eastern states are in for a bonanza as
they will get close to Rs 1,280 crore from the
latest round of coal auction by this month-end,
with Rs 650 crore already transferred to their
kitty.
The last three rounds have generated proceeds
of more than Rs 3 lakh crore, which would be
realised over 30 years by eastern states like
Jharkhand, Chhattisgarh, Odisha, West Bengal,
in addition to Maharashtra and Madhya
Pradesh, where these mines are located.
http://economictimes.indiatimes.com/articleshow/49879393.c
ms?utm_source=contentofinterest&utm_medium=text&utm_
campaign=cppst
Reserve Bank of India (RBI) today directed
banks that they should lend at least 11.57 per
cent of their funds directly to non-corporate
farmers in the fiscal 2015-16.
RBI today set the target for direct lending by
banks to agriculture under priority sector at
11.57 per cent, which is based on the system-
wide average of the last three years'
achievement with regard to overall direct
lending to non-corporate farmers.
http://economictimes.indiatimes.com/articleshow/49850219.c
ms?utm_source=contentofinterest&utm_medium=text&utm_
campaign=cppst

Market Stats

Sensex 25775.74 -84.86 -0.33%

Nifty 7832.40 +2.70 +0.03%
Gold 1074.00 -2.20 -0.20%
Oil 42.12 -0.12 -0.28%
USD/INR 66.3400 +0.2681 +0.41%
EUR/INR 70.3204 -0.2444 -0.35%

BSE Sensex NSE NIFTY

Top gainers Top gainers
Company LTP % Gain Company LTP % Gain
GAIL India 355.85 16.08% GAIL India 355.80 16.24%
Bajaj Auto 2475.10 4.71% Idea Cellular 140.25 7.10%
Reliance 968.00 4.37% Asian Paints 856.60 6.06%
Industries
Top losers
Top losers Company LTP % Loss
Company LTP % Loss
Hindalco 76.60 8.97%
Hindalco 73.75 8.73%
Sun Pharma 706.20 6.26%
Sun Pharma 707.90 6.03% Inds.
Inds.
Bosch 18435.75 4.96%
Tata Steel 224.35 4.33%

Stay on top of your finances. Dont leave that up to others.

-Leif Garrett
 Financially Yours (FY) Quiz
1. Moody's Investors Service upgraded its outlook for India's banking system to ------ from 'negative'
over the next 12-18 months.
a. stable b. positive
c. highly optimistic d. poor

2. -------- will create an alternative funding source and firms like IRFC, PFC, REC, NTPC along with big
NBFCs could issue these rupee denominated overseas bonds in the next 12 months.
a. Govt. Bonds b. Masala Bonds
c. Gold d. Mutual funds

3. After Fitch, Moodys has further downgraded Indias GDP growth forecast to ------ for the current
financial year.
a. 8.8 percent b. 7.8 percent
c. 7.0 percent d. 6.5 percent

4. The Union Government has decided to launch ------- in some countries to provide long term finance
for infrastructure development in the country.
a.Rupee Bonds b. Masala Bonds
c.Equities d. Gold bonds

5. Which of the following public sector banks has the largest number of banks in foreign countries?
a.Bank of India b. Bank of Baroda
c.Punjab National Bank d. Corporation Bank

6. Which is the countrys third largest private sector lender now known as Axis Bank Ltd.?
a.HDFC Bank b. Centurion Bank
c.UTI Bank d. Bank of Baroda

7. Expand LIBOR
a. Local Indian Bank Offered Rate
b. London-India Bureau of Regulations
c. Liberal International Bank Official Ratio
d. London Inter Bank Offered Rate

8. With which of these is the SARFAESI Act of 2002 related?

a. Recovery of bad loans
b. Regulation of Foreign exchange
c. Fixation of interest rates
d. Acquisition of small banks

9. Which of the following is the regulator of insurance sector in India?

a.RBI b. AMFI
c.IRDA d. SEBI

10. Which of the following public sector company provides insurance cover to exporters?
a.ECGC b. NABARD
c.SIDBI d. IRDA

Answers in the next issue

Answers to previous quiz:

1 2 3 4 5 6 7 8 9 10
A D B D B A A A D A