GOODWILL BUSINESS DIGEST

  • Today markets fall like pack of cards… 10 % down..Markets suspended operations
  • Quite a black Friday:…Asian equities Freefall…Virus-virus everywhere-no hope anywhere!
  • Foxconn company in China back on operations, Company is proud..But weak demand
  • Sensex falls over 3000 points and NSE down 966 points
  • South Korean stocks also fall…Circuit breakers triggered for the 1st time since 2001
  • Gold also set for highest weekly drop in nearly 7 years in virus led-sell off
  • Oil falls for the 3rd day, Brunt crude set  for worst week since 1991
  • Dollar rules the roost and firm as the drive for liquid assets are up
  • Govt gives grant for onion storage units built by farmers
  • Lenders to consider revised evaluation matrix  for DHFL
  • Taiwan says ready to intervene in markets , Taipai shares skid 7 %
  • Non food credit growth slips below 6 % in Feb
  • India’s Rs 10 K CR Toy’s market affected due to virus
  • Commerce Ministry reviews the impact of Corona on Trade
  • SBI to buy stake in Yes bank, other creditors also approached
  • 3 more arrested in PMC Bank fraud case
  • Wall St dazed and confused after worst day since 1987
  • Rupee loses 60 P to a new17 monthlow of 74.28 vs $
  • CAD narrows down sharply to $ 1.4 Bn in Dec Q
  • NCLAT clears new distribution plan , directs completion of ILFS resolution in 90days
  • Mining and electricity help in IIP in Jan by 2 %
  • Retail inflation eases to 6.58 %
  • MCI exempts Yes bank’s restructuring plan from CCI review
  • RBI to enter market with $ 2 Bn swap to provide liquidity
  • India’s FEX reserves up by $21.6 Bn
  • PSB merger issue: Credit flow to the needy emphasised
  • SSG capital declared higher bidder  for Altico, final voting on Mar 16
  • India’s volatility index hits over 10 year high @ 41.16
  • In digital space, Yes bank’s loss will be ICICI Bank’s gain
  • Investors lose Rs 11 L Cr in a single day -12th
  • MukeshAmbani loses the I position to Alibaba owner of China
  • Accord Life Spec enters pharma business , eyes Rs 5000 cr revenue by 2025
  • Godrej feels the hot as the rural India slow down is more visible
  • Walmart’s buy of Flipkart-NCLAT  sets aside  CAIT plea against CCI nod

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