Prestige Institute of Management and Research, Indore

(An Autonomous Institution Established in 1994, Accredited with Grade ‘A++’

NAAC(UGC) ISO 9001: 2008 Certified Institute, AICTE / UGC Approved
Programs affiliated to DAVV, Indore)

(Batch 2020 – 2022)

Assignment Submission on
“News Wire Analysis Activity”

Faculty Mentor: Submitted By:

Dr. Vivek Sharma Aditya Choudhary
MBA FT-III G
1121213070
 ACKNOWLEDGEMENT

I, hereby declare that the presented Assignment Submission Report titled

“News Wire Analysis Activity” is uniquely prepared by me after analysing the
current and updated news of last month through various trusted and popular
sources like Times of India, Economic Times, Financial Express to name a few.

I would also like to express heartfelt gratitude to Senior Director Dr.

Yogeshwari Phatak (PIMR Indore), Dr. Nitin Tanted (HOD Finance Department)
and Dr. Vivek Sharma (Faculty Coordinator- News Wire Analysis Activity) for
guiding me throughout the activity.

Aditya Choudhary
(MBA – Full Time, III Semester, Section G)
Scholar No. 1121213070
 1) Analysis of the above news:
THURSDAY, OCT 21, 2021
India talks tough, pushes for lowering crude price
• India has taken a firm stand on the increase in global crude oil prices which have sent
domestic retail prices spiralling. It also indicated that due to high prices, there could be a
change in its energy transition plan, where natural gas was to act as the bridge fuel to move
away from more polluting coal.
• Union Petroleum Minister Hardeep Puri emphasised that the Organization of the Petroleum
Exporting Countries and its allies (collectively called Opec+) should factor in the views of the
consuming countries that want lower prices. Speaking at the ongoing India Energy Forum by
CERAWeek, Puri said retail prices were at their highest levels ever because of supply
regulations maintained by oil-producing nations.
• “Crude oil accounts for nearly 20 per cent of our import bill. Our fuel import bill has jumped
from $8.8 billion (in the quarter ended June 2020) to $24 billion in the quarter ended June
2021. You could see a surge in inflation, which could also increase the cost of producing and
transporting goods,” he said.
• Oil-producing countries, however, said the present surge in demand is a reflection of the
continuing dependence upon oil, although Puri reminded how global crude oil prices fell to
$19 a barrel when lockdowns were imposed in March 2020, adversely impacting producers.
• Union Petroleum Secretary Tarun Kapoor said price volatility was not good for either
producers or consumers. “The price of natural gas has shot up. There is a natural gas supply
mismatch of just 5 per cent, but the price went up 10x,” said Kapoor.
 2) Analysis of the above news:
TUESDAY, NOV 16, 2021
WPI inflation jumps to 5-month high of 12.54%
• The wholesale price inflation rate jumped to a five-month high of 12.54 per cent in October,
a festival period, against 10.66 per cent in September as the rate of price rise in raw materials
showed an upswing.
• As demand is recovering, industry is likely to pass on the higher costs to consumers and this
may affect retail price inflation, experts said.
• The widely tracked non-food, non-oil inflation rate, called core inflation in technical jargon,
rose to a fresh all-time high of 11.9 per cent in October.
• The retail inflation rate also rose in October, but the acceleration was marginal — to 4.48
per cent from 4.35 per cent in September.
• This could partly be attributed to the higher weighting of primary food items in the
consumer price index (CPI) than in the wholesale price index (WPI).
• Food items have more than a 47.25 per cent weighting in the CPI and only 15.26 per cent in
the WPI.
 3) Analysis of the above news:
FRIDAY, NOV 12, 2021
From 2025, all new vehicles will need to be E20-compliant
• India is aiming to sell only petrol blended to an extent of 20 per cent with ethanol (E20)
from 2025-26. According to officials in the know, all new vehicles sold in the country will need
to be E20- compliant from 2025.
• This move may force automakers to reconfigure their existing petrol vehicles to operate
using the blended fuel.
• Speaking to journalists a day after the Union Cabinet hiked the ethanol procurement price,
Petroleum Secretary Tarun Kapoor said: “The target is to only sell E20 petrol across the
country from 2025. E20 petrol will be introduced from 2023. In the transitional period, both
E20 and E10 (petrol blended with 10 per cent ethanol) will be available but at different retail
outlets (commonly called petrol pumps).”
• “There will be no separate dispensing unit for E20 ethanol at a single retail outlet. The
existing dispensing units will just start selling E20 ethanol,” he added. Automakers said they
were ready to be E20- compliant even as some expressed concern.
• Maruti Suzuki, India’s largest carmaker that has more than a 50 per cent market share, is
compliant with E10 norms and the automaker’s products will be E20-compliant by 2023.
• “As far as the government is concerned, it is looking to mandate E10 and E20 compliance.
So, we are in line with this thinking and we have supported this part of the discussion …
Ethanol is going to be one big technology that we will be using in our products,” said C V
Raman, chief technical officer, Maruti Suzuki India, adding that the carmaker was planning to
introduce flex fuel in its line-up.
• Along with petrol and CNG, flex fuel will be their third option on offer.
• An executive at a foreign carmaker, however, raised concern that there could be problems
over customer acceptability because the impact of ethanol fuels on on-road vehicles was
likely to result in increased fuel consumption and higher maintenance costs for vehicles that
were not developed to run on 20 per cent ethanol blended fuel.
 4) Analysis of the above news:

WEDNESDAY, NOV 10, 2021

Phased auction to hit roll-out of 5G: Jio to DoT
• Reliance Jio has opposed a move under consideration by the government to fragment the
crucial millimetre wave band (mm Wave) for 5G services in order to meet the claims of
satellite communications’ service players.
• The big players in the satellite space include Bharti Airtel’s Sunil Mittal’s One Web and Elon
Musk’s Star link, which are making an entry into India.
• The proposal being considered is to offer for auction only the spectrum between 24.5 —
28.5 GHz in the mm Wave band for 5G mobile operators, instead of the 3GPP standardised
band which is up to 29. 5 GHz and is being used globally for 5G in Japan, South Korea, Norway,
and Taiwan, among others.
• Instead, the 1 GHz band will be earmarked only for satellite communications’ services
companies who are also demanding that it should be given through an administered price
rather than auctioning.
• As a result, the total spectrum availability for mobile operators for 5G in the mm Wave band
will be substantially reduced.
• Jio has informed the Department of Telecommunications (DoT) that it is not in favour of a
view which is emerging in the government for a staggered and piecemeal auctioning of the
5G bands.
 5) Analysis of the above news:
MONDAY, NOV 15, 2021
India Inc earnings hit record ~2.4 trn
• India’s top listed companies reported their best-ever quarterly net profit of ~2.39 trillion in
the September quarter of FY22, up 46.4 per cent year-on-year.
• The earnings were driven by a big surge in the profitability of banks, non-banking financial
companies & insurance (BFSI), oil & gas, and metal & mining firms.
• The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record
high of ~1.53 trillion, up from ~82,000 crore a year ago and ~1.08 trillion in Q1FY22
. • The companies in these three sectors together accounted for 94 per cent of the
incremental growth in the overall corporate profits in Q2FY22 over Q1FY21.
• In contrast, the combined earnings of the rest of India Inc were up only 5.3 per cent YoY in
the Q2FY22 to around ~85,300 crore, down nearly 10 per cent from all-time high earnings
recorded in Q3FY21.
• For the first time in nearly a decade, the top three profitable companies were commodity
and energy producers.
• Oil & Natural Gas Corporation topped the chart with a net profit of ~18,348 crore, up 565
per cent YoY and it accounted for 21 per cent of the entire growth in corporate earnings in
the September quarter.
• It was followed by Reliance Industries with net profit of ~13,680 crore (up 43 per cent YoY)
and Tata Steel at ~11,918 crore (up 661 per cent YoY).
• Other big earners in the second quarter include JSW Steel (net profit up 350 per cent YoY),
State Bank of India (up 69 per cent), Steel Authority of India (up 994 per cent), Vedanta (up
451 per cent), and Jindal Steel (up 209 per cent).