CELEBR

ATING

23rd May 2021

FROM PRESIDENT'S DESK

FROM HEAD OF THE DEPARTMENT &

CHIEF EDITOR'S TABLE

READER'S CORNER

MEMBER'S VIEW

SNAPSHOTS OF ALL 24S'

AF QUIZ MOMENTS

NEWS OF THE WEEK

CONCEPT OF THE WEEK

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TABLE OF CONTENTSPage No.

I am delighted to have this opportunity to penmy views on Absolute Finance, which is anexpression of sheer brilliance and commitment.It is not an easy task to gather quality content,edit it, design the newsletter and send it to allthe stakeholders, every week!

I thought it was a herculean task when the AFteam informed that it would be a weekly feature.However, I wanted to see how its enthusiasmcould transform itself into creating a learningtool and ...It happened. It is very heartening toknow that now AF has reached its importantmilestone- 25th Edition!

Being an admirer of AF, I have gone throughevery edition of it. The AF team has gatheredsuggestions from its peers to make it look veryfresh and versatile. The team must also becredited for the beautiful logo that it hasdeveloped for AF. I am deeply inspired by thecomprehensive coverage of important news,concepts and sectoral performance in AF.Therefore, ‘brilliance’ is not an overstatement.

The AF team has gone beyond just publishing it.It has ensured that the readers pay attention tothe news by organizing “AF QUIZ”, which wasattempted by well over 120 students. This uniqueattempt to emphasize learning has left allNSBians to wait for the new edition of AF andimmerse themselves in it.

FROM PRESIDENT'S DESK

Dr. S.R SRIDHARAMURTHYPresident, NSB Academy

All in all, AF has set a great example ofhow we can create a learningcommunity of our own. I am proud ofthe achievement of the AF team and Iam sure there are more AF editions tocome in the years. I just want to thankthe AF team for contributing tolearning excellence at NSB and settingan example for great teamwork. Theselfless sharing of information andactive involvement in creating aknowledge tool has led to an amazingoutcome.

Thank you, AF team, for your time and contribution. I’m looking forward tothe next edition.

Hearty Congratulations, again!

FROM HEAD OF THE DEPARTMENT &

CHIEF EDITOR'S TABLE

A deep sense of appreciation, gratitude and joy surgethrough my heart as I greet you through the columns of thisAbsolute Finance Newsletter. This newsletter is for thestudents and by the students. It aims at providing a platformto the students to get an update on the recent happening ofa corporate sector in the area of Finance across the globe.This newsletter is not only informative but also has a greateducational value.

Creating industry ready, globally competitive students, socially acceptable human beingsas citizens of India. Hope this Absolute Finance also will immensely help our students fulfiltheir career goals.In the words of our great Visionary Honourable Ex-president ABJ Abdul Kalam; "Learninggives creativity, Creativity leads to thinking, Thinking Provide knowledge, Knowledge makesyou great”.I would like to take this moment to thank the entire team of “Absolute Finance” for theirhard work and continuous efforts to make this journey a success.

Wishing the Absolute Finance a last ing Success…

Prof. Swarnadeep Maity

As we all know that BNA (Business News Analysis) is aflagship initiative of NSB Academy, to enable our students toanalyze and understand the latest business news from amanagement perspective; so initially the primary aim of“Absolute Finance” was to provide the students with up todate news and happenings around the world business in theform of a newsletter which will help them to find the propernews for their presentation.

With the constant support and encouragement from ourrespected President Sir & HOD Sir, all my faculty colleaguesand NSB family members and the hard work and efforts ofmy beloved students; “Absolute Finance” tried to become aweekly newsletter; which does not only provide the latestnews but also gives insights from various industries, stockmarket, International business news, important terminologies,some very interesting facts, as well as some useful financialconcepts. In spite of many hurdles our students always cameup with better and more professional editions of “AbsoluteFinance”.

Chief Editor

Dr. S. SYED AHAMEDHead Of The Department, Academics

“A JOURNEY OF A THOUSAND MILES BEGINS WITH A SINGLESTEP” -LAO TZU

We all have been throughchallenging times for the past fewmonths, but I believe that ourjourney with the team “AbsoluteFinance” is going to be stronger &better ahead.

I would like to take this moment tothank the entire team of “AbsoluteFinance” for their hard work andcontinuous efforts to make thisjourney a success.

Absolute Finance is a great initiative that takesus through various happenings in the world ofFinance. For someone who does not knowmuch about the financial news andterminologies or the abbreviations or facts,Absolute Finance is the right platform. Itincludes all the relevant information to a greatextent. The entire magazine is bifurcated intonumerous sections making it very appealing.For those who did not find any news for theirBNA, Absolute finance is like a Saviour,As itcovers all sorts of national and internationalfinancial news. On the whole, it makes learninga phenomenal experience.

Absolute finance is one of thebest Business news editionswhich is very informative,interesting and innovativethat covers all aspects ofbusiness news. It has createda huge interest in me to knowall the business news of thatparticular week especially onstocks and the stock market

All the news related to factsand figure from all over theworld brought together atyour fingertips is our very ownAbsolute Finance. As theword says, absolute whichtotal, it gives us a completescenario of the finance worldin the easiest way. Hats off tothe Team of Absolute Finance

For someone who hasn't beenvery well versed in the financefield. Our very own "AbsoluteFinance" gives me an informativeand detailed overall summary ofthe business world. This is onemagazine I am always eagerlywaiting for to be released.

It is the best way throughwhich a beginner can learnabout finance...It’s just like aWINDOW through which wecan see entire FINANCIALASPECTS...

Absolute finance newslettershelp us to know the currentmarket news with the topgainers in the stock sector-wise. It also helps you to knowthe new concept in finance.

As a reader, I find this Newsletterinformative and fascinating to thosewho are interested in finance. TheAbsolute finance team havepublished many editions in whichthey have discussed Governmentstartups, MNC's and many othertopics. This helps us to stay awareof the latest updates and prepareourselves for the current worldhappenings. NSB is providing a greatplatform to bring the best out of us.We are looking forward to manymore editions. Thank you

READER'S CORNER

Maxwell Chris Furtado MBA

Patwari Sriteja MBA

Harshita MBA

Harish. V PGDM

K.Shivani PGDM

Antonita Aishwarya MBA

Neha Pawar MBA

READER'S CORNER

This Absolute FinanceEditions have been reallyconsistent in evolving andupgrading with all the latestupdates in each & everysector compared toprevious versions.

Sunkari.Sri LalithaMBA

Absolute finance Is so informative...As I’m

different background I’m gaining some

knowledge from it... and it is very useful as

well I feel Absolute Finance is one ofthe delightful platforms whichhelps us to know the currenttrends and corporate news witheach new edition which NSBfamily releases. It helps us to getupdated with latest newswhether it might be national orinternational news, Banking &Finance, agriculture etc.… We getto know new things with eachnew edition...We feel muchconnected with this weeklynews and helps us to take morechallenges both personally andprofessionally. We feel muchgratitude to be a part of the NSBfamily

I Feel Absolute Finance Is JustLike A Beautiful Bouquet ofHandpicked Flowers WhichCovers Different FinancialMarkets to Amuse and Help theReaders to Understand theFinancial World Around Themin A Nutshell. “AbsoluteFinance Is the Amazon ofFinancial Market. You Seek It,They Have It."

Sohail Ahmed KhanPGDM

Kausthubh Divekar PGDM

Bekkem Sraddha MBA

InamMBA MD. Khalida Afroz

MBA

Reading ABSOLUTE FINANCE,that provided me a greatsense of educational value asit carries information abouteconomy, business, industry,trade and commerce whichare necessary to know for themanagers. It has become habitfor me to read it on Mondayevening. It has not onlyenhanced

From 1st edition till now (24th edition) it’s been agreat improvement in the representation ofnewsletter and it's short and covers the entire newsgoing in market.

Absolute Finance is suchvirtual mile stone which isimportant to an upcominggraduate. To improve inmanagement career this couldbe the important factor whichis beneficial in learning thethings which is, was and willhappen. This can create aMagic feather to the studentsLife.

our knowledge about general inform-ation but it will likewise improve our view point onbusiness news and make us stand different inmarket.

Compressing all the worldbusiness news into 6-8 pages perweek is not an easy task. AF is auser-friendly platform to getimmense knowledge. The bestpart is its AF Quiz, whichencourages students to keep akeen eye on all its newsletters.Thank you to the team for puttingin all your best shots and being apart of our learning. Also Myhearty congratulations on all yoursuccessful editions. I hope thisknowledge-sharing journey takesa very long time. Good luck!

NSL Priyanka MBA

Absolute Finance is a platform where you receiveall the important Business News in one singlenewsletter in an artistically designed manner.Under the guidance of Swarnadeep sir, the AFteam has only focused on improving the quality ofthe newsletter with each edition. Being a part ofsuch a hard-working and innovative teamenhances my personal skills and inspires me tocontribute more.

I am very glad to be a part of theAbsolute Finance team. It is agreat aliveness platform whereyou stay updated about all theimportant Weekly news likeNational and international,finance-related news in a singlenewsletter, in well-arranged andinformative content. It’s been agreat journey to be a part ofteam members who regularlydeliver high-quality pictorialnews with modern layouts. Thesethings attract me to join in therace, which inspires me tocontribute more.

It's a great pleasure to work with afinance magazine department. I joinedthis group to spread financial literacy tothe students and many topics seem tobe able to predict variousmacroeconomic information as well asthe most important takeaway, is thatactually many topics have marginalpredictive power for stock returns, thatis helped my investment journeys andas a member in this group, I gainedmuch knowledge about the global anddomestic business news I assume thatthis will eventually help our personalfinance.

I am very grateful to be part ofthe absolute finance team. It'shelp me to gain financialknowledge as well asunderstanding about real lifebusiness scenarios. We as a teamalways gave our best to bring thebest content for our readers. Iwould like to Thanks to all thereaders who were with us alongthis way. Please keep up yoursupport with us and weguarantee to bring out the best infuture too.

UMESH KUMAWATPGDM

SHWETA GAIKWADPGDM

TUSHAR KUMAR SAHUPGDM

AKSHAY RAJPGDM

BEHRA BISMAYAKUMAR GYANENDRA

MBA

It is a great platform for anyenthusiastic student who isinterested in Finance. It givesyou the opportunity to see ourcountries financial, industrial,and other important newsaround the world in a broadermanner which helps us to getreal-world experience. To bepart of such groups gives lot ofsatisfaction and motivates youto be competitive in today’sworld. The journey of AbsoluteFinance has been amazing andkeeps me going to contributemore.

As an MBA Aspirant, everyone hasto know things that are happeningaround the world. Especially it isimportant to know the BUSINESSaround the globe to be a future'UNICORN. ' My day starts withreading business news in variousnewspapers to achieve my targetson stock marketing. This platformhelped me getting informationwithin my fist. And working for thisplatform gives me pleasure where Iam loving doing this.

ABHILASH RPGDM

Absolute Finance hasgiven us the latestnews related toBusiness and havegiven clarity onvarious concept whichwill help us in bothacademic as well aswork life.ARJUN CHAURASIA

MBA

When Absolute Finance was launchedon our campus, out of curiosity I readthe full edition, later on, I lost myinterest in it and started to mark a starfor all the editions so that I can read itwhen I’m bored. I never thought ofbeing in the ABSOLUTE FINANCE teambut I knew that if I really need to learnfrom it, then I should be a part of it. Iknow it was a late realization but still,that was one of the best decisions inmy life. As an AF team member, Ilearned a lot of things, it’s not justabout financial news, financial termsand market condition rather it’s alsoabout teamwork, data collection,drafting, editing, and designing anewsletter which I have never done inmy life.

As a one of a kind newsletter,Absolute Finance has enabled us tostay updated with the corporatenews and current trends which arecrucial for young managerialaspirants, and share this knowledgeand information with our friends todevelop equitably. This team hasenabled us to identify new abilitiesand explore our strong points. Beinga part of this team i have noticedthat team work and support isimportant.

ABSOLUTE FINANCE gave me an incrediblefeeling of instructive worth as it conveys dataabout economy, business, industry, exchangeand trade which are important to know for thechiefs. It has become propensity for me toperuse it. It has upgraded our insight aboutbroad data as well as it will moreover improveour view point on business news and make usstand diverse in market.

Absolute finance Letter isshowcasing comprehensivepicture of finance world. It hasbrought detailed informationin a very interesting mannerwhich compels the reader togo through the letter till theend. It is a collection ofbeautiful glimpses of financeworld.

ANUBHUTI ARORA MBA

DHIREN M VELANIPGDM

GREESHMA CMMBA

G KARTHIKPGDM

LOGESH KUMAR RMBA

All the news related tofinancial services of the wholeworld is covered in a singlemagazine. Information aboutbusiness, industry news, sharemarkets are available in thismagazine. This magazinecaptures the reader's mindwith its simple yet informativeapproach, it covers the bestarticles for financial planningfor its readers.

Absolute finance is a greatopportunity to understand what ishappening to the society, and it helpsto keep up to date with the latestnews related to national andinternational news, banking andfinance. It also helps to learn newideas day by day. We are so grateful tobe a part of the NSB family.

SAHIL SHARMAMBA

Most of the time I don'tknow that what I have to doin an unknown time of mylife. However, there weresituations for me to puteffort towards humbly kick-started things by someoneanother. While the AbsoluteFinance team was trying tothrive to give insights intothe finance world to NSBstudents and that was anopportunity for me to diginto finance more deeplywith evolving others.

ROHAN JAGTAPMBA

SNAPSHOT of ALL 24S'

ABSOLUTE FINANCEQUIZ

WINNERS

On 30th January 2021, a quiz on the first 10 published editions of “Absolute

Finance” was organized in the Seminar Hall, NSB Academy.

39 teams consisting of two students from both the MBA & PGDM programs

participated in the quiz.

Coordinators: Prof. Swarnadeep Maity, Prof. Abishek Santhosh Raj &

Prof. Aradhita Deb

Winners : Umesh Kumawat & Shweta Gaikwad (PGDM)

1st Runner up : Harish V & Tushar Kumar Sahu (PGDM)

2nd Runner up : Sachin Birajdar & Behera Bismaya Kumar

Gyanendra (MBA)

FIDC Appealed RBI For Rs25,000 Crore LiquiditySupport to NBFCs. RBI Imposed Monetary Penalty Rs 1 Lakh onPMNS Bank Limited for Non-Adherence/Violation.NBFCs Register Y-O-Y Growth Of 13% And 11.6%Q2 And Q3 FY21, Respectively. RBI cancels license of West Bengal’s united co-operative bank for inadequate capital PSB Alliance offers customers importantbanking, financial and non-financial services.Central Bank Gets Nod To Allot Rs 4,800-CrPreference Shares To Govt.Federal Bank Q4 net profit up 58.6%, its highestever quarterly net profit of ₹477.81 crore.Credit Suisse offers ₹7.5-cr additional aid toConcern India Foundation, GiveIndia. Fortreating Covid-19 patients.Punjab National Bank raises ₹ 1,800 crore viaQIP offering Indiabulls Housing Finance Q4 net profit

up 102% to ₹276 crore for the quarterended March 31, 2021Tata Motors posts Q4 loss at Rs 7,605.4crore, revenue growth at 42% meetsestimatesIndian Oil Corporation Q4 profit jumps79% to Rs 8,781.3 croreBharti Airtel Q4 result: Telecom majorposts net profit of Rs 759.2 crore,revenue rises 12%Canara Bank posts ₹1,065-cr Q4 profit;total income grows 55%

ISSUER COMPANY IPO SIZE

ESAF small finance bank India pesticides KIMS HospitalsPark hotelsPuranik Builders Montecarlo limitedAadhar Housing Finance

Germany welcomes U.S. call for a 15%global minimum corporate tax rateElon Musk says Tesla eyeing Russia as apotential production hubChina seeks private insurers help tounlock savings to avert pension crisisInflation Bets Mount on Fear Brazil Won’tHike Rates EnoughTesla Is Headed for Longest WeeklyLosing Streak in Three YearsWall Street opens higher after datasignals improving labour marketGermany welcomes U.S. call for a 15%global minimum corporate tax rate

1000 cr.300cr.1200cr.1500cr.500cr.550cr.

7300cr.

UPCOMING IPO's

India’s Total daily average electricity supply tostates fell to 3,666 billion units in May due tolockdown. India's natural gas output rises 23% as RIL-BPfields start productionHC stays ONGC tender, e-auction of naturalgas from KG-basin till June 4UKs Cairn identifies $70 bn Indian assetsoverseas for seizing to recover amount duefrom government India lost ONGC Videsh ltd-discoveredFarazad-B gas field in IranDomestic natural gas demand declined 5.5% in2020-21, lowest in three yearsTotal signs deal to supply 0.5 million tons ofLNG per year to ArcelorMittal's plants inGujarat till 2026Essar Oil UK ties up $850 mn finance to replaceexisting credit facility

SRF commission part of Rs 283 Crore specialitychemical plant projectNBCC Bages Rs 597 crore project in uttrakhandTata project secures Rs 5000 crores orderfrom chennai metroHigh dividend payout driving rally in IT stocks;m-cap of top 5 up 87%J&K announce Rs 3 crores for tourismindustry,shikara owners,guides to benefitHero MotoCorp set to enter electric segment in2022PayPoint partners with Digit General Insurancefor health insurance to rural areas.

Iran uses crypto mining to lessen impactof sanctions, study findsPaytm Payments Bank Pulls The Plug OnCryptocurrency TransactionsCrypto exchange operations hits as abank cuts ties at RBI'S behestCryptocurrency sell-off flags U.S.inflation fearsUS firm seeks permit to launch first etherexchange- traded fund in USBitcoin plunges to $30,066; cryptomarket cap losses nearly $1 trnBitcoin Falls as China Calls forCrackdown on Crypto Mining, TradingCrypto limps to weekend after hammerblows from Musk, china, and taxBitcoin is the most crowded tradeglobally, says BofA Fund Manager SurveyUS Treasury may require cryptotransfers over $10K to be reported to theIRS

Brokerages stay bullish on Bharti Airtelpost Q4 nos, see up to 33% upsideMumbai helps Vodafone Idea add 1.56million subscribers after 20 monthsRBI makes mobile wallet interoperabilitymandatory from FY23Mobile operator MTS bets on digitalservices as quarterly profit slipPhonePe acquires homegrown Indus AppBazaar for Rs 438 croreDespite a likelydip in Q2, Handset makers may miss PLI targets forsecond year in a rowDish TV lenders invoke pledged shares,sell 5.11 crore shares in open market

ENERGY CRYPTOCURRENCY

MERGERS ANDACQUISITIONS

Mindtree to acquire L&T’s NxT Digital Businessfor ₹198 crAdani Green to acquire SB Energy’s India for$625mnKSSF acquires 74% stake in HKR RoadwaysPhonePe to acquire Indus OS in all-cash dealworth $60 mNess Digital Engineering acquires Risk FocusEmeritus acquires Silicon Valley-based iDTech for $200 millionGojek to merge with Tokopedia to create $18-bn Indonesia tech giantAT&T to create a streaming giant withDiscovery by merging media assetsBlack stone acquires embassy industrial parksfor $700 million Amazon may acquire film giant MGM for $9billionIBM to acquire Salesforce partner Waeg

ICAR issues advisory to overcome impact of2nd COVID wave on farm sectorGovernment aims to bring additional 6.37lakh hectare under oilseeds in 2021 kharifseasonRs 10,000 subsidy for Chhattisgarh farmersto grow crops other than paddySubsidy on DAP hiked to record Rs 1,200/bagto keep prices steadyOver 55 lakh Karnataka farmers receive atotal of Rs 985.61 Cr under PM-KISAN schemeGovernment cuts subsidy on sugar exports to₹4,000 per tone from ₹6,000Government allows additional 3,675 tones ofsugar export to UK under concessional dutyquotaDirect Benefit Transfer: Over Rs. 15 CroreTransferred to Farmers in Haryana

AGRICULTURE

Socially responsible investing, also known as ethical andgreen investing, means avoiding industries that negativelyaffect the environment and its people. This includescompanies that produce or invest in alcohol, tobacco,gambling and weapons. Instead, SRI involves investing incompanies engaged in ethical and socially consciousthemes, like environmental sustainability and socialjustice.

Socially responsible investing is the practice of investing money incompanies and funds that have positive social impacts.Socally responsible investing has been growing in popularity in recenthistory. Investors should keep in mind that socially responsible investments arestill investments, and be sure to weigh the potential for return intotheir decisions.It is also known as Community investing where the return is measuredon community impact rather than monetary return.

Different SRI Funds in India

·Aditya Birla Sun Life ESG Fund·Axis ESG Fund·ICICI Prudential ESG Fund·Kotak ESG Opportunities Fund·Mirae Asset ESG Sector Leaders ETF·SBI Magnum Equity ESG Fund

CONCEPT OF THE WEEK

SOCIALLY RESPONSIBLE INVESTMENT (SRI)

https://www.instagram.com/nsbeduindia/ https://www.nsb.edu.in/

https://www.facebook.com/nsbindia/

https://in.linkedin.com/school/nsbindia/ https://twitter.com/nsbindia