Weekopedia 17/07/2017

Story of the week

Life time high for Sensex, Nifty

The past week saw the continuation of the bullish run on both Sensex and Nifty reflecting
high market sentiments. It breached its past records and attained life time highs. At the time
of printing, the Sensex had closed at 32,075 and Nifty at 9916. Such accomplishment raises
the fear of the downfall too. With the Federal Reserve showing interest in raising rates, it
may lead to the flight of capital from the market, and threatens the golden run.
The week that was
Axis Bank- IIC Pact
Axis Bank has entered into collaboration with Inter- American Investment Corporation
which is focussed on improving the trade relations between India , Latin America and
Caribbean. It will significantly help in improving the bilateral trade relations apart from
easing transactions
IPO for ICICI Lombard
The General Insurance giant ICICI Lombard, the non life insurance JV of ICICI Bank and
Fairfax Holdins has initiated the process of IPO. It is the first non life insurance company to
file for an IPO, selling 86.24 million shares.

Limaye as the NSE CEO

Vikram Limaye will take charge as the new Managing Director and CEO of National Stock
Exchange. He comes in at a crucial juncture where controversies of malpractices and IPO
listing for the bourse are being scrutinised. Prior to him, Chitra Ramkrishna resigned over
differences related to IPO for the bourse.

Tata Sons appoints first CDO

Aarthi Subramanian, has been appointed to the newly created post of Chief Digital Officer.
She has over 26 years of experience in global technology sector and has led large teams
apart from working in different roles in Sweden, Canada and US

What a strategy
MobiKwik partners Samsung
MobiKwik has partnered with Samsung Pay to enable consumers to make payments using a
single tap. It will be integrated into Samsung Pay Mini. It will provide the 1.4 million
MobiKwik customers an easy access to its services
Facebook: India goes past US
India has surpassed US to become Facebooks largest market having 241 million active
customers with more than half of them below 25. The growth rate of Indian market has
been phenomenal with 27% increase in the last six months itself. It is twice as fast as in US.
Google buys India Startup
Google has acquired Halli Labs, a 4 months old Bangalore based startup. The firm focusses
on AI and machine learning based solutions. It will join the Googles Next Billion Users team
to develop technology for the future
From the horses mouth

Mark Weinberger, CEO, Ernst & Young on Indias prospects

With the clients I speak around the world, and as we make our investment decisions, India,
today, is one of the highest rated destinations for investments right now in the world

Read more at:

http://economictimes.indiatimes.com/articleshow/59600949.cms?utm_source=contentofinterest&utm_medium=te
xt&utm_campaign=cppst

India centric
UN: Indians 2nd highest on migration

A report by UN Migration suggests that Indians are second highest in number of adults
planning to migrate to other countries. The most popular destinations identified were US,
UK, Saudi Arabia, France, Canada and Germany
DEMU: the solar powered train
Indian Railways launched its 1st solar powered diesel electric multiple unit train. It has a
total of 16 solar panels fitted in 6 coaches and can run on battery for 72 hours. It is for the
first time that solar panels have been used as grid in railways

Science Twist
Silk from Water!
Scientists at University of Cambridge have created the first artificial silk, and that too from
water. It is made from a hydrogel comprising 98% water and 2% naturally occurring silica
and glucose
Smallest star!
Researchers at University of Cambridge have discovered the smallest star in the universe
which is located at a distance of 600 light years in our Milky Way galaxy. It is named EBLM
J0555-57 Ab and is about Saturns size