What’s happening in Business world ?

  1. According to reports, Facebook Inc. has partnered with Indifi to offer loans of up to Rs.50 lakh to its marketers in India.
  2. Aurobindo Pharma has allegedly terminated its arrangement with Cronus pharmaceutical specialties India acquiring a 51% share.
  3. In India, the market for early public services has become a feeding frenzy.
  4. Money collected in IPOs this year amounted to $8.8 billion, which is more than three years old, although it is August alone. At the present rate, the record of $11.8 billion would be exceeded in 2021. Founders, bankers, attorneys, and advisors struggle for fresh public offerings to capitalize on ardent demand.
  5. Under ‘Retail Bonanza – Monsoon Dhamaka,’ the State Bank of Maharashtra is currently waiving the processing charge for gold, house, and auto loans.
  6. In Gujarat, the world’s leading company in the steel and mining business, ArcelorMittal would invest Rs.100,000 in various projects. Including its Hazira steel mill near Surat: the Gujarat administration.
  7. Over the 12 months ended in June, people spent over $610 billion dollars on Amazon. Also for the 12 months ending in July, Walmart reported Tuesday sales of $566 billion.
  8. Chinese IT inventories fell on Friday to a new lower. Also Hong Kong’s benchmark index plummeted to almost ten months, as Chinese regulatory crackdowns broke investor confidence.
  9. Within a week, the business markets in Hong Kong and China lost almost $560 trillion in market value because funds fled once-favored stocks, fearing that sectors would target the next.
  10. According to the RBI, the annual FI-Index reached 53.9, up from 43.4. This is for the financial year ending March 2021 for the year ended March 2017

Also read: ₹100 lakh crore Master plan: Gati Shakti to boost infrastructure-PM MODI

Ugersain Aasdev

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