1.
News

2.
Adani Enterprises 20,000 Cr FPO this week
● Current Market Price 3456.40
● FPO to be offered at 5 % to 10%
Discount
● High Debt (33,517 cr) and High
Promoter (72.63) % Holding are
reasons for FPO
● Anchor Investors to be allowed to
invest on 25th Jan and public on
27th Jan

3.
Google Play Store will be forced to house other app stores by next week as India upholds ruling
● Google would no longer be able to force
manufacturers to pre-install its apps on Android
devices in order to use the Play Store
● The biggest demand, though, was that the Google
Play Store would be required to host third-party
app stores
● The company has seven days from the point of the
ruling on January 19 to comply.

4.
World Economic Forum’s 2023 Davos event ends
● The theme this year was ‘Cooperation in a Fragmented World’.
● Most business leaders were upbeat about the economy, with US and the
European Union (EU) seemingly beyond the risk of a recession now
● Chinese Vice Premier Liu He made a strong pitch, saying a “noticeable increase of
import, more investment by companies, and consumption returning back to normal
can be expected” in 2023.

5.
● Raghuram Rajan, former Reserve Bank of India
Governor, was quoted by Reuters as saying,
“This becomes a rich-country game, right? We
can subsidise this, you can subsidise that –
what about the poor countries, who have limited
fiscal room? They get left out in the cold
● Ukraine kept up its demand for more military aid
to fight its war against Russia, and more
financial aid to rebuild after the war, saying the
reconstruction fund commitments should start
coming in now and not after the war ends.
● The EU raised concerns over a US green
energy law that benefits products, such as
electric vehicles, made in America
https://www.weforum.org/agenda/2023/01/the-story-of-day-
five-at-davos-2023/

6.
FPIs outflow over ₹15,200 cr in Indian equities so far in
Jan; sells big in financials, IT stocks
● FPIs' selloff is likely due to their positioning in cheaper markets in Asia and
hence pullback in expensive Indian equities.
● As per the latest NSDL data, FPIs outflow between January 1st to 21st stood
at ₹15,236 crore from Indian equities.
● Overall, so far in January, FIIs outflow is around ₹19,880.11 crore in the
Indian stocks
● FPIs are investing heavily in cheaper markets like China, Hong Kong, South
Korea, and Thailand and they are selling in relatively expensive India
● FPIs ended the year 2022 with an outflow of ₹1,21,439 crore in the equities
due to macroeconomic uncertainties, rising interest rates trend, and
geopolitical tension.

7.
● https://www.linkedin.com/search/results/content/?keywords=zomato%20&sid
=N)0&update=urn%3Ali%3Afs_updateV2%3A(urn%3Ali%3Aactivity%3A7022
797499841024000%2CBLENDED_SEARCH_FEED%2CEMPTY%2CDEFAU
LT%2Cfalse)