General News

  • Assembly Elections 2022: 78.94% voter turnout recorded in Goa, 62.5% in Uttarakhand, 65.50% in Punjab.
  • UP Assembly Elections 2022 Phase 1: 60.17% , Phase 2: 60.44%, Phase 3: 61.02% and Phase 4: 59.77%, Phase 5: 53.98%. Manipur Phase 1: 78.03%.
  • First leg of Budget Session concludes, both Houses adjourned till March 14.
  • India’s energy needs to double in next 20 years: PM Modi at World Sustainable Development Summit.
  • PM Modi holds India-UAE virtual summit with Abu Dhabi Crown Prince, release roadmap to boost ties.
  • India France sign roadmap to enhance bilateral exchanges on blue economy and ocean governance.
  • India, Maldives hold dialogue to expand defence cooperation.
  • India-EU hold 2nd maritime security dialogue; both commit to inclusive, rules-based Indo-Pacific.
  • US announces Indo-Pacific strategy to support India’s continued rise and regional leadership.
  • Jaishankar, British counterpart Liz Truss discuss India-UK ‘Roadmap 2030’, Ukraine.
  • Saudi Arabia land forces Commander calls on Army chief Naravane on first visit to India.
  • Oman Defence Ministry’s Secretary General calls on Air Chief Marshal, discusses bilateral ties.
  • Govt creates post of Maritime Security Advisor, Vice Admiral Ashok Kumar takes Charge.
  • 40 countries take part in Indian Navy’s multilateral exercise MILAN 2022.
  • Army Chief MM Naravane discusses bilateral defence cooperation with Australian counterpart.
  • 3 more Rafale jets arrive in India from France, total 35 of 36 aircraft acquired.
  • Defence Ministry makes induction of women fighter pilots in IAF a permanent scheme.
  • ISRO successfully launches PSLV-C52 carrying ‘earth observation’ & 2 other satellites.
  • PM CARES Fund corpus triples to ₹10,990 crore in FY 2020-21; disbursal rises to ₹3,976 crore.
  • Centre approves ₹26,275-crore police modernisation scheme for five more years from 2021-22 to 2025-26.
  • Centre approves ‘Education for all’ scheme for non-literates of 15 years above.
  • Home Ministry bans 54 Chinese apps citing security concerns.
  • J&K delimitation Panel proposes 17 Assembly seats in Jammu, 12 in Kashmir; gets time to redraw map.
  • Telangana CM K Chandrasekhar Rao meets Sharad Pawar, Uddhav Thackeray, discusses ‘anti-BJP front’.
  • PM Modi unveils giant ‘Statue of Equality’ in remembrance of Saint Ramanujacharya in Hyderabad.
  • Lalu Yadav gets 5 years in jail in fodder scam case, fined ₹ 60 lakh; CBI court convicts 74 others.
  • ED arrests Nawab Malik in money laundering case linked to Dawood Ibrahim.
  • SC refuses to hear plea challenging Karnataka HC interim order on Hijab row.
  • CBSE to conduct 2nd term board exam for classes 10, 12 in offline mode from April 26.
  • India, Nepal sign MoU to construct motorable bridge across Mahakali river in Dharchula.
  • Jal Jeevan Mission achieves milestone of providing tap water to 9 crore rural homes in the country.
  • India’s total tally of COVID-19 cases rises to 4,29,31,045, death toll climbs to 5,14,054.
  • Cumulative COVID-19 vaccine doses administered in India cross 177 crore.
  • Centre asks states, UTs to end additional COVID curbs amid decline in cases.
  • Govt removes ‘At Risk’ marking for countries with high Omicron caseload.
  • India’s melody queen Lata Mangeshkar, Bappi Lahiri, Rahul Bajaj passed away.
  • India abstains from procedural vote ahead of discussion on Ukraine at UN Security Council.
  • President Putin accuses West of deliberately ignoring Russia’s security concerns over Ukraine.
  • Putin recognises Ukrainian separatist regions as independent nations; EU, UK, Australia, Canada, Japan impose sanctions.
  • Germany suspends Nord Stream 2 gas pipeline Project Approval for Russia.
  • Russia’s Vladimir Putin announces military operation in Ukraine.
  • Ukraine’s military retaliates; tens of thousands civilians flee their homes.
  • Russian President Vladimir Putin orders military command to put nuclear deterrent forces on high alert.
  • First round of peace talks between Ukraine & Russia end with no agreements; second round scheduled.
  • India abstains from UNSC resolution against Russian aggression; Russia vetoes resolution.
  • NATO bolsters arms supply to Ukraine with anti-tank weapons; US approves $350 million in military aid.
  • Global COVID-19 caseload tops 437 million, fatalities at 5.97 million.
  • One Ocean Summit: More than 100 nations commit to take action to save oceans from human harm.
  • US approves appointment of Masood Khan as Pakistan’s envoy to Washington.
  • Biden signs order to split $7 billion frozen Afghan funds to 9/11 victims, humanitarian relief.
  • Pakistan allows Indian humanitarian relief passage to Afghanistan.
  • Bill Gates make his first-ever visit to Pakistan, discusses health issues with PM Imran Khan.
  • Pakistan PM Imran Khan to visit Russia on Wednesday, first visit by Pakistan premier in 23 years.
  • Truckers end U.S. border blockade Canadian PM declares end of 10-day state of emergency.
  • South Korea, US, Japan commit to close coordination against North Korean missile threats.
  • Myanmar’s Ousted Leader Suu Kyi slapped with the 11th corruption charge, faces 150 years in prison.
  • Queen Elizabeth marks 70 years on the throne; backs Camilla as Queen Consort.
  • India vs West Indies: India sweep ODI and T20 series 3-0.
  • India vs Sri Lanka: IND register historic 12th consecutive T20I win, clinch series sweep over SL.
  • Rohit Sharma replaces Virat Kohli as India’s new Test captain.
  • India climbs to top spot in ICC T20 rankings after series sweep over WI.
  • ICC Women’s ODI Rankings: Mithali Raj climbs to second spot, Smriti Mandhana retains sixth position.
  • IPL 2022 to be played across four venues in Mumbai and Pune, final on May 29.
  • ICC U-19 Cricket World Cup 2022: India beat England by 4 wickets in finals to win record-extending 5th title.
  • Beijing 2022 Opening Ceremony starts with spectacular ‘Beginning of Spring’ sequence.
  • Arif Khan finishes 45th out of 89 competitors in giant slalom of 2022 Beijing Winter Olympics.
  • Norway tops Winter Olympics medals table with 37 followed by Germany(27) and China(15).

 

Business News

  • RBI keeps repo, reverse repo rates unchanged at 4% and 3.35%, respectively for 10th time in a row; pegs FY22 GDP growth at 9.2%.
  • Centre releases revenue deficit grant of ₹9,871 crore to 17 states.
  • Food Processing Ministry gives nod to 83 proposals for incentives under PLI scheme.
  • Govt receives 5 proposals for semiconductor % display manufacturing under the ₹76,000 crore PLI scheme.
  • Govt to develop 22 Greenfield Expressways, 23 key infrastructure projects & 35 Multi-Modal Logistics Parks.
  • Govt bans import of foreign drones, lists exceptions; scraps requirement of drone pilot license.
  • Karnataka approves 88 industrial projects worth ₹ 2,367.99 crore.
  • Suzuki, Hyundai, Tata Motors among 20 companies selected for sops under Auto PLI scheme.
  • Govt makes seatbelts mandatory for all cars carrying up to 8 passengers.
  • Centre makes helmet, safety harness a must for kids riding pillion.
  • Govt approves up to 20% FDI in LIC under automatic route.
  • Indian government pays Cairn Energy PLC ₹7,900 crore to settle retro tax dispute.
  • Adani Wilmar, Manyavar-owner Vedant Fashions make their market debut.
  • TCS approves ₹18,000 crore share buyback; February 23, 2022, fixed as the record date.
  • Centre places purchase order for 5 crore doses of Corbevax Covid vaccine each costing ₹145 sans tax.
  • Govt approves EUA for Sputnik Light and BE’s Covid jab Corbevax for 12-18 years age group.
  • DGCI gives nod to SII’s proposal to manufacture vaccine against omicron for test, analysis.
  • Zydus Cadila starts supplies of its anti-COVID vaccine ZyCoV-D to government, priced at ₹265 per dose.
  • Eli Lilly’s new antibody drug to fight Omicron receives US FDA authorization.
  • Canada authorises Medicago’s 2-dose vaccine, first plant-based COVID-19 vaccine for adults aged 18 to 64.
  • IIFL Home Finance signs $68 million loan with ADB; to boost affordable green housing in India.
  • Blackstone acquires majority stake in wealth management firm ASK from Advent, others.
  • Tata Teleservices withdraws plan to convert its accrued interest on deferred AGR dues into govt equity.
  • Airtel joins SEA-ME-WE-6 undersea cable consortium to scale up high-speed network.
  • Jio Platforms invests $200 million in internet company Glance for 17% stake.
  • Jio’s subsea cable system IAX to connect Maldives to India, Singapore.
  • Biden administration rolls out $5 billion funding plan to states for electric vehicle chargers.
  • Jaguar Land Rover ties up with Nvidia to develop software for SUVs.
  • Tesla to accept Dogecoin as payment at Supercharging station.
  • IL&FS resolves ₹324 crore debt by selling stake in Warora Chandrapur Highway.
  • CBI interrogates Former NSE Chief Chitra Ramkrishna, accused of sharing info with Himalayan Yogi.
  • ₹18,000 crore returned to banks in cases related to Vijay Mallya, Nirav Modi & Mehul Choksi: Govt to SC.
  • Karnataka HC strikes down state’s prohibition on online gaming involving money.
  • Gujarat-based ABG Shipyard accused of defrauding 28 banks of Rs 22,842 crore by CBI.
  • Oil prices surge above $100 a barrel for first time in 8 years as Ukraine crisis escalates
  • Sri Lanka imposes rolling power cuts as economic crisis worsens.
  • EXIM Bank signs $500 million LoC agreement with Sri Lanka.
  • China imposes sanctions on US defense giants Lockheed, Raytheon over Taiwan deal.
  • India, UAE signs a free trade pact, to almost double two-way trade to $100 billion in the next five years.
  • IMF approves $1 billion loan tranche for Pakistan.
  • France become the first country to join China to build $1.7 billion global infra projects.
  • Pakistan signs new pact with China to kick off 2nd phase of CPEC.
  • Vedanta signs up with Foxconn to manufacture semiconductors in India.
  • Intel agrees to $6 billion deal to buy Israel’s Tower Semiconductor Ltd.
  • Former US President Donald Trump’s Truth Social app launches on Apple App Store.
  • Amazon India signs MoU with Karnataka govt to turn rural women into entrepreneurs.
  • Online health and fitness platform Cult.fit acquires Gold Gym fitness chain across India.
  • Ravi Mital appointed head of Insolvency and Bankruptcy Board of India.
  • Madhabi Puri Buch appointed as SEBI India Chairperson for a term of 3 years.
  • N Chandrasekaran gets extension as Chairman of Tata Sons for 5 years.
  • Former Turkish Airlines Chairman Ilker Ayci named Air India CEO.
  • IndiGo appoints co-founder and promoter Rahul Bhatia as MD; Rakesh Gangwal resigns from board.
  • Former Sri Lankan Airlines CEO Vipula Gunatilleka appointed as Jet Airways CFO.
  • Sanjeev Sanyal inducted into Economic Advisory Council to PM.
  • World Bank’s India head Junaid Ahmad appointed Vice President, Operations

 

Q3 Results

  • SBI Q3 profit jumps 62% YoY to ₹8,432 crore on lower provisions, NII increased 6.48% to ₹30,687 crore.
  • Bank of Baroda Q3 net profit doubles to ₹2,197 crore on lower provisions, NII jumps 14% to ₹8,552 crore.
  • HDFC Q3 net profit rises 11% YoY to ₹3,261 crore, NII rose 5% to ₹4,284 crore.
  • Tech Mahindra Q3 profit up 4.5% YoY to ₹1,369 crore, revenue up 18.7% to ₹11,451 crore.
  • M&M reports 57% jump in Q3 net profit at ₹1,987 crore, revenue increased 9% to ₹23,594 crore.
  • Ashok Leyland reports Q3 net profit at ₹5.7 crore, revenue rose 15% YoY to ₹5,535.2 crore.
  • ONGC Q3 Profit jumps 220% YoY to ₹11,637 crore, revenue gains 45% to ₹1.46 lakh crore.
  • Bharti Airtel profit drops 2.8% to ₹830 crore in Q3; revenue up 12.6% to ₹29,867 crore, ARPU falls to ₹163.
  • Nykaa Q3 Profit plunges 58% to ₹29 crore; revenue up 36% ₹1,098.36 crore.
  • Zomato’s Q3 loss narrows to ₹63.2 crore; revenue jumps 82% YoY to hit ₹1,112 crore.
  • Nestle India Q4 profit dips 20% YoY to ₹386.66 crore, net sales up 8.9% to ₹3,739.32 crore.

WORLD INDICES
Indices 28-Feb 31-Jan %1M 04-Jan % since Jan
BSE 56247 58014 -3.05% 59856 -6.03%
NSE 16794 17340 -3.15% 17805 -5.68%
DOW 33893 35132 -3.53% 36800 -7.90%
NASDAQ 13751 14240 -3.43% 15623 -11.98%
FTSE 7458 7464 -0.08% 7505 -0.62%
Nikkei 26527 27002 -1.76% 29302 -9.47%
Hang Seng 22713 23802 -4.58% 23290 -2.48%
Straits Times 3242 3250 -0.23% 3181 1.92%
Shanghai 3462 3361 3.00% 3632 -4.68%
USD 75.34 74.61 0.98% 74.55 1.06%
Euro 84.35 83.81 0.64% 84.15 0.23%
GBP 101.03 100.32 0.71% 100.91 0.12%
Yen/100INR 0.65 0.65 0.88% 0.64 1.84%
Gold 50815 47670 6.60% 47950 5.97%
Silver 64896 60950 6.47% 62247 4.26%
Crude Brent $ 98.94 89.48 10.57% 79.77 24.03%
Crude Nymex $ 96.72 88.36 9.46% 76.80 25.94%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
28-Feb 36205 33848 10821 35515 12928
31-Jan 37975 34825 11704 36467 13180
% 1M -4.66% -2.80% -7.54% -2.61% -1.91%
04-Jan 36840 39371 11139 37800 14041
% since Jan -1.72% -14.03% -2.86% -6.04% -7.93%


INDIAN TRADE(USD MILLION)
Exports in ($ Bn) 34.5
Imports ($ Bn) 51.93
FDI 625
Government Bond 10Y 6.77%
GDP YoY 5.40%
Inflation Rate 6.01%
Forex Reserves ($ Bn) 632.95
IIP % 0.40%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (29,704) 8,418
Debt (1,517) 2,284
Total 1 M (31,221) 10,702
Total Since Jan (61,851) 28,512
Equity (63,801) 24,921
Debt 1,951 3,591

General News

  • Assembly elections 2022: EC announces 7-phase election in 5 states from Feb 10, counting on March 10.
  • UP to vote in 7 phases; Manipur in 2 phases; Punjab, Uttarakhand, Goa in single phase.
  • CM Adityanath to contest from Gorakhpur, Akhilesh Yadav to contest from home turf Karhal.
  • AAP names Bhagwant Mann as Punjab’s CM candidate, Amit Palekar as Goa CM candidate.
  • India displays its military might, cultural diversity, socio economic progress at 73rd Republic Day parade.
  • President approves 384 Gallantry Awards, other decorations to Armed Forces; Padma awards announced.
  • Vaccination for 15-18 age group, booster dose to senior citizens, healthcare and frontline workers begins.
  • India’s total COVID caseload touches 4.14 crore; cumulative vaccination crosses 166.7 crore.
  • Focus on localised curbs to contain COVID, minimise damage to livelihood: PM Modi to Chief Ministers.
  • No one can be forced to get vaccinated against their wishes: Centre tells SC.
  • PM Modi launches India-assisted projects with Mauritius counterpart Pravin Kumar Jugnauth.
  • PM Modi reviews strategic partnership with new German Chancellor Olaf Scholz .
  • India, 5 Central Asian countries decide to establish joint working group on Afghanistan.
  • PM lays foundation stone of 22 developmental projects worth over ₹4,800 crore in Imphal.
  • PM Modi virtually inaugurates 11 medical colleges in Tamil Nadu.
  • Assam, Nagaland CMs discuss on issues of ‘mutual interest, status quo along interstate border for now.
  • Centre withdraws SSG security cover to 4 ex-J&K CMs – Abdullahs, Mehbooba Mufti & Ghulam Nabi Azad.
  • SC appoints panel headed by ex-judge Indu Malhotra to probe breach in PM’s security in Ferozepur.
  • SIT files chargesheet in Lakhimpur Kheri violence case, names MoS Ajay Misra`s son as prime accused.
  • Amar Jawan Jyoti at India Gate merged with National War Memorial Flame.
  • Indian Army unveils new digital combat uniform at Army Day parade.
  • India, China hold 14th round of military talks to resolve eastern Ladakh standoff.
  • Lt Gen Manoj Pande appointed as next Army Vice Chief.
  • India bags contract from Philippines for BrahMos missiles worth $374 million.
  • India successfully test-fires new version of BrahMos supersonic cruise missile off Odisha coast.
  • CDS General Bipin Rawat’s chopper crashed due to inclement weather, ‘entry into clouds’: IAF.
  • Rocket scientist S Somnath to be new ISRO chief for three years, replaces K Sivan.
  • Global COVID caseload tops 375 million, deaths surge to more than 5.68 million.
  • COVAX program delivers 1 billion doses to 144 poor countries: WHO.
  • EU ends omicron travel ban on flights from southern Africa.
  • UN launches nearly $5 billion aid appeal for Afghanistan; US announces $308 million in aid.
  • US suspends all commercial flights to China ahead of Beijing Winter Olympics.
  • Leaders of US, Russia, Britain, France, and China adopt joint statement on preventing nuclear war.
  • Ukraine’s President Zelenskyy urges calm as world leaders work to avert Russian invasion.
  • Australia, Japan sign ‘historic’ defence pact amid China concerns.
  • US and Japan strengthen defence ties by signing 2 new defence deals.
  • South Korea inks deal with UAE to sell mid-range surface-to-air missiles.
  • North Korea launches 7th missile test in 1 month.
  • Iran blacklists 51 Americans over assassination of former military commander Qasem Soleimani.
  • Myanmar’s ousted leader Aung San Suu Kyi jailed for 4 more years for possessing walkie-talkies.
  • Indonesia passes Law to move capital from Jakarta to remote Borneo.
  • Justice Ayesha Malik takes oath as first woman judge of Pakistan’s Supreme Court.
  • Malta’s Roberta Metsola becomes youngest person elected European Parliament president.
  • Massive underwater volcanic eruption in Tonga triggers tsunami; Magnitude 6.2 earthquake hits again.
  • China successfully tests ‘Artificial Sun’ to harness clean energy by 2040, 5 times powerful than real Sun.
  • Virat Kohli steps down as India’s Test captain after 7 years in role.
  • South Africa beat India by 4 runs in a thriller to complete 3-0 series sweep.
  • South Africa secure 2-1 Test series victory over India.
  • ICC Awards 2021: Babar Azam, Lizelle Lee named ODI Cricketers of the year; Mohammad Rizwan and Tammy Beaumont named ICC T20 Cricketers of the Year.
  • Smriti Mandhana, Shaheen Afridi named ICC Cricketers of the Year.
  • Babar Azam named Captain of the ODI and ICC T20I Team of the year.
  • T20 World Cup 2022 to start from Oct 16; India to begin campaign against Pakistan on October 23.
  • FIFA Awards: Robert Lewandowski, Alexia Putellas named Best Players; Cristiano Ronaldo honoured.
  • Shuttler Tasnim Mir becomes first Indian to claim World No. 1 status in U-19 girls singles.
  • India Open 2022: Lakshya Sen wins men’s singles crown; Satwik-Chirag pair claims maiden title.
  • Australia bars Novak Djokovic, cancels entry visa over vaccination status.
  • Australian Open: Rafael Nadal secures 21st Grand Slam; World No.1 Ash Barty claims her maiden title.
  • France’s Kristina Mladenovic, Croatian Ivan Dodig win Australian Open mixed doubles title.

 

Business News

  • Nirmala Sitharaman presents Union Budget 2022-23; expects economic growth at 9.2% in the current fiscal.
  • RBI to issue India’s first digital currency in FY22-23 using Blockchain.
  • Cryptocurrency income to be taxed at 30%, no change in income tax slabs.
  • 400 new Vande Bharat trains to be introduced, National Highway network will be expanded by 25,000 kms.
  • Economic Survey forecasts FY23 real GDP growth at 8-8.5%.
  • Govt approves ₹12,000 crore green energy corridor phase-II to modernise transmission.
  • Centre approves ₹1,500 crore infusion in IREDA to boost renewable energy financing.
  • Govt clears 20 strategic projects worth ₹30 crores under National Technical Textiles Mission.
  • Finance ministry relaxes expenditure cap for Jan-March quarter within revised estimates.
  • J&K inks 6 deals with global investors at Dubai Expo 2020.
  • Assam govt partners with NDDB to set up ₹2,000 crore dairy joint venture.
  • Govt completes formal handover of Air India to Tata Group.
  • Tatas gets loan commitment from SBI-led consortium for Air India.
  • DGCA extends suspension of commercial passenger flights to and from India till Feb 28.
  • Number of handbags per passenger reduced to 1 to reduce congestion and security threat.
  • PM Modi propagates “Pro-Planet People” approach at WEF Davos Agenda 2022.
  • India, South Korea agree to fast-track trade talks, set $50 billion bilateral trade target before 2030.
  • India allows imports of US pork, pork products for the first time.
  • World Bank projects India’s growth at 8.3% for FY 2021-22; 8.7% in FY 2022-23.
  • India grants $900 million loan to Sri Lanka to build forex reserve; extends $500 million LoC for fuel import.
  • Sri Lanka inflation hits record 14%; govt announces $1.2 billion economic relief package.
  • China cuts interest on 1-year medium-term loans for first time since April 2020.
  • Bank of Japan revises inflation projection for first time since 2014, no policy change.
  • UK-EU resume talks on Brexit trade spat.
  • Supreme Court upholds winding up of Devas Multimedia.
  • Cairn withdraws all lawsuits against India, to get ₹7,900 crore tax refund.
  • UK court orders eviction of Vijay Mallya from his London home over UBS’ unpaid loan.
  • Covishield, Covaxin get conditional market nod.
  • Aurobindo Pharma launches Molnaflu, its brand of Molnupiravir, an Oral COVID pill in India.
  • Lupin launches antiviral medication Molnulup for COVID-19 treatment in India.
  • Govt proposes mandatory 6 airbags in all new cars carrying up to 8 people from October 2022.
  • Delhi government directs cab aggregators and delivery service providers to add 50% EVs by 2023.
  • Toyota dethrones GM to become America’s top-selling automaker in 2021.
  • Renault, Geely to jointly design and produce electric hybrid and gasoline-fueled vehicles in South Korea.
  • Hero Future Energies ties up with Ohmium to set up 1GW green hydrogen facilities in India, UK, Europe.
  • M&M partners with Hero Electric, to manufacture electric bikes Optima & NYX.
  • TVS Motor acquires Switzerland’s e-bike firm SEMG for $100 million.
  • Verizon, AT&T delay 5G rollout around some airports after stark warnings from US airlines.
  • Voda Idea, Tata Teleservices opt for conversion of AGR dues into equity; Airtel opts for interest payment.
  • Reliance Jio pre-pays ₹30,791 crore clearing all spectrum liabilities.
  • Nokia, Tech Mahindra partner for 5G-based solutions for enterprises.
  • Bharti’s OneWeb, Hughes partner to provide satellite broadband services in India.
  • Google invests $1 billion in Airtel for shaping India’s digital ecosystem, takes 1.28% stake for $700 million.
  • Airtel Payments Bank gets permission to function as scheduled bank from RBI.
  • TCS wins second phase of Passport Seva Programme valued at about ₹6,000 crore.
  • Tech Mahindra partners with US’ Pyze; acquires European firm Com Tec Co IT for  ₹2,620  crore.
  • HCL Tech acquires Hungary’s Starschema for $42.5 million.
  • Dixon, boAt form 50:50 JV to manufacture Bluetooth enabled audio devices.
  • IMF urges El Salvador to dissolve the $150 million Bitcoin trust fund, scale back its Bitcoin push.
  • UAE-based LuLu Group’s ₹200 crore MoU for J&K food processing hub.
  • Google Cloud ties up with CryptoWire to develop blockchain, crypto ecosystem.
  • Future Enterprises sells 25% stake in general insurance JV to partner Generali for ₹1,253 Crore.
  • Reliance arm RIHL acquires 73.37% stake in New York’s Mandarin Oriental hotel for $98.15 million.
  • Timex Group gets manufacturing, distribution rights for Guess & Gc branded watches in India.
  • Facebook parent Meta builds powerful AI Supercomputer to support Metaverse.
  • Jubilant FoodWorks launches American restaurant chain Popeyes in India.
  • Swiggy turns decacorn; closes $700 million round led by Invesco at $10.7 billion valuation.
  • Apple becomes first company to reach $3 trillion market value.
  • Govt appoints V Anantha Nageswaran as Chief Economic Advisor.
  • Pierre-Olivier Gourinchas replaces Gita Gopinath as IMF chief economist.
  • Former RBI Governor Urjit Patel appointed Vice President of AIIB.
  • OPEC picks Kuwait’s Haitham Al Ghais as next Secretary-General.
  • Senior IAS officer Vikram Dev Dutt appointed new Chairman and MD of Air India.
  • Starlink India Head Sanjay Bhargava resigns as it offers refunds for pre-orders.

 

Q3 Results

  • HDFC Bank Q3 profit rises 18% to ₹10,342 crore, net interest income grows to ₹18,444 crore.
  • ICICI Bank Q3 net profit up 25% YoY to ₹6,194 crore; NII jumps 23% to ₹12,236 crore, NNPA ratio at 0.85%.
  • Kotak Mahindra Bank Q3 net profit up 15% YoY to ₹2,131 crore, NII increases by 12% to ₹4,334 crore.
  • RIL Q3 profit up 38% to ₹20,539 crore, revenue grew 54.25% to ₹1.9 lakh crore.
  • Reliance Jio Q3 net profit up 9% to ₹3,615 crore, revenue grew 6% YoY to ₹20,597 crore, ARPU up at ₹152.
  • TCS Q3 net profit up at ₹9,769 crore, revenue at ₹48,885 crore; announces buyback of ₹18,000 crore.
  • Infosys Q3 Net profit up 12% YoY at ₹5,809 crore, revenue up 23% at ₹31,867 crore.
  • Dr Reddy’s registers Q3 net profit at ₹707 crore, Consolidated revenues up by 8% YoY to ₹5,320 crore.
  • Wipro Q3 net profit at ₹2,970 crore, revenue up 30% YoY at ₹20,432 crore; declares ₹1 interim dividend.
  • HUL Q3 profit rises 17% YoY to ₹2,243 crore, sales rises 10% to ₹12,900 crore.
  • Maruti Suzuki Q3 net profit falls 48% YoY to ₹1,011 crore, revenue stood at ₹22,187 crore.
  • Bajaj Auto Q3 FY22 net profit down 17% QoQ to ₹1,430 crore, income rises marginally ₹9,369.31 crore.
  • Vodafone Idea Q3 loss widens to ₹7,231 crore, revenue down 11% YoY to ₹9,717 crore; ARPU up at ₹115.

WORLD INDICES
Indices 31-Jan 31-Dec %1M 01-Jan % since Jan
BSE 58014 58254 -0.41% 59856 -3.08%
NSE 17340 17354 -0.08% 17805 -2.61%
DOW 35132 36338 -3.32% 36800 -4.53%
NASDAQ 14240 15645 -8.98% 15623 -8.85%
FTSE 7464 7385 1.08% 7505 -0.54%
Nikkei 27002 28792 -6.22% 29302 -7.85%
Hang Seng 23802 23398 1.73% 23290 2.20%
Straits Times 3250 3124 4.03% 3181 2.15%
Shanghai 3361 3640 -7.65% 3632 -7.46%
USD 74.61 74.33 0.38% 74.55 0.08%
Euro 83.81 84.52 -0.84% 84.15 -0.40%
GBP 100.32 100.60 -0.27% 100.91 -0.58%
Yen/100INR 0.65 0.65 0.42% 0.64 0.95%
Gold 47670 48083 -0.86% 47950 -0.58%
Silver 60950 62681 -2.76% 62247 -2.08%
Crude Brent $ 89.48 77.78 15.04% 79.77 12.17%
Crude Nymex $ 88.36 75.21 17.48% 76.80 15.05%

NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Jan 37975 34825 11704 36467 13180
31-Dec 35482 38701 10937 37580 14223
% 1M 7.03% -10.02% 7.01% -2.96% -7.33%
04-Jan 36840 39371 11139 37800 14041
% since Jan 3.08% -11.55% 5.06% -3.53% -6.13%

INDIAN TRADE(USD MILLION)
Exports in ($ Bn) 37.81
Imports ($ Bn) 59.48
FDI 1641
Government Bond 10Y 6.68%
GDP YoY 8.40%
Inflation Rate 5.59%
Forex Reserves ($ Bn) 634.29
IIP % 1.40%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (10,582) 4,434
Debt 922 390
Total 1 M (9,659) 4,824
Total Since Jan (9,659) 4,824
Equity (10,582) 4,434
Debt 922 390

General News

  • Parliament adjourned sine die, ahead of schedule; Lok Sabha registers 82% productivity, Rajya Sabha 47%.
  • Bill repealing 3 farm laws gets President’s assent; Cabinet clears draft Bill for linking Aadhaar & voter ID.
  • Farmers call off protest after Centre accepts their demands in writing.
  • India’s total COVID-19 cases rose to 3,48,38,804; cumulative vaccination coverage exceeds 144.5 crore.
  • Omicron tally rose to 1200; Delhi and Maharashtra top the chart.
  • India to start administering booster doses for frontline workers and people above 60 from Jan 10.
  • COVID-19 vaccine booster dose to be given nine months after second shot.
  • Children aged 15 to 17 to be administered Covaxin from Jan 3.
  • Centre asks states to impose night curfew, containment zones to curb Omicron spread.
  • Govt panel recommends restricted emergency use of Covovax, Corbevax and anti-Covid pill Molnupiravir.
  • Himachal Pradesh becomes first state to achieve 100% vaccination.
  • Centre releases ₹604 crore to J&K to expedite Jal Jeevan Mission implementation.
  • Purvanchal Expressway, Kushinagar Airport, Jewar Airport, Ganga Expressway – among projects announced by PM Modi in poll-bound UP.
  • PM Modi inaugurates multiple development projects worth over ₹650 crore in Goa.
  • Rajnath Singh inaugurates 27 bridges and 3 roads on LAC and LoC.
  • Goa Forward Party, Congress announce alliance ahead of 2022 Assembly polls.
  • 14 civilians killed by security forces in Nagaland in a case of mistaken identity; Army orders probe.
  • CM Kejriwal launches Dilli Ki Yogshala to help Delhi residents practise yoga under trained teachers.
  • Delhi govt extends free ration distribution scheme till May 31.
  • AP Govt waives ₹10,000 crore worth home loans of poor under One-Time Settlement (OTS) scheme.
  • Cyclone Jawad weakens into deep depression; spares Odisha, Andhra Pradesh any major damage.
  • Supreme Court stays proceedings of West Bengal’s Lokur panel probing Pegasus snooping allegations.
  • Bhutan confers its highest civilian award on PM Modi on occasion of the country’s National Day.
  • India, Central Asian nations vow to fight Afghanistan terror at 3rd India-Central Asia Dialogue.
  • Army receives new Israeli Heron drones for deployment in Ladakh sector to boost surveillance along LAC.
  • India, Russia hold first ever 2+2 ministerial dialogue; discuss terrorism, Afghanistan, maritime security.
  • India-Russia ink AK-203 assault rifle deal, renew 10-year pact for military cooperation.
  • Centre approves plan to manufacture 5 lakh AK-203 rifles in UP’s Amethi.
  • First Chief of Defence Bipin Rawat, 13 others die in chopper crash in Tamil Nadu’s Coonoor.
  • President Kovind confers annual National Awards on International Day of Persons with Disabilities.
  • Ex-CM of AP K Rosaiah, Archbishop Desmond Tutu, Nobel Peace prize laureate passes away.
  • WHO warns Omicron variant of COVID-19 is spreading at unprecedented rate; reported in 106 countries.
  • Countries brace for renewed restrictions amid Omicron surge.
  • Global Omicron surge drives cases to record highs in 20 countries; total Covid caseload tops 288.5 million.
  • China reports sudden spike in COVID-19 cases ahead of Winter Olympics.
  • United Nations adopts resolution on North Korean human rights abuses.
  • US President Biden bans import of goods from China’s Xinjiang province to prevent use of forced labour.
  • US imposes sweeping human rights sanctions on China, Myanmar and North Korea.
  • Biden signs stopgap funding bill to keep government running until mid-February.
  • US President Biden signs $770 billion defence bill.
  • Russia warns of ‘grave consequences’ after U.S. reaffirms threat of sanctions over Ukraine.
  • Olaf Scholz takes over from Angela Merkel as German chancellor.
  • Iran steps up uranium enrichment capacity despite talks to salvage nuclear deal.
  • UAE switches weekend to Saturday-Sunday from next year.
  • Taliban government resumes issuing Afghan passports in Kabul.
  • Turkey, Qatar enters into deal with Taliban on running airport of Kabul.
  • Pakistan approves its first-ever National Security Policy.
  • Myanmar court sentences ousted leader Aung San Suu Kyi to 4 years.
  • US, UK, Canada and Australia stage diplomatic boycott of Beijing Winter Olympics.
  • WADA reinstates India’s dope testing lab accreditation.
  • Indian legend Anju Bobby George wins Woman of the Year Award from World Athletics.
  • BWF World Championships: Kidambi Srikanth settles for silver.
  • Rohit replaces Kohli as ODI captain, takes over from Rahane as Test vice-captain.
  • IPL Retention: Dhoni, Kohli, Rohit, Bumrah, Pant retained; Rahul, Rashid opt to go into auction pool.
  • India beat New Zealand by record 372 runs to win Test series 1-0, reclaims top spot in Test Rankings.
  • IND vs SA 1st Test: India beat South Africa by 113 runs, take 1-0 lead in 3-match series.
  • R Ashwin takes 50 Test wickets for 4th time in calendar year; overtakes Kumble and Harbhajan.
  • Ajaz Patel becomes 3rd bowler after Jim Laker, Anil Kumble to take all wickets in an innings.
  • Harbhajan Singh, New Zealand’s Ross Taylor, South Africa’s Quinton de Kock announce retirements.
  • The Ashes: Australia retain Ashes after thrashing England by an innings for 3-0 series lead.
  • Formula 1: Red Bull’s Max Verstappen took his first Formula One title.
  • Lewis Hamilton receives knighthood from Prince Of Wales for services to motorsport.

 

Business News

  • Government seeks Parliament nod for ₹3.73 lakh crore additional spending this fiscal.
  • Cabinet approves ₹76,000-crore incentive scheme for semiconductors, display manufacturing; ₹1,300 crore to promote digital payments.
  • 46th GST council meet defers rate hike on textiles.
  • PM lays foundation stone of hydropower projects worth over ₹11,000 crore in Mandi, Himachal Pradesh.
  • Power minister RK Singh approves 23 new inter-state transmission system projects worth ₹15,893 crore.
  • Ministry of Electronics and IT releases national strategy on blockchain for its adoption in govt systems.
  • J&K government inks 39 MoUs worth over ₹18,000 crore at maiden realty summit.
  • Invest Rajasthan: State govt inks MoUs for ₹36,820 crore in Tamil Nadu.
  • Vibrant Gujarat: 16 more MoUs inked for investments in hospitality, defence accessories.
  • Odisha extends additional rice distribution for 4 months till 2022 March under State Food Security Scheme.
  • Commercial LPG cylinders hiked by ₹100, second price increase since November 1.
  • Railways to get ₹20,000 crore in supplementary grants as capital expenditure.
  • Government issues advisory against Ed-Tech companies in India, urges citizens to use caution.
  • I-T relaxes time till February 2022 for taxpayers to complete verification of FY’20 ITRs.
  • RBI extends card tokenisation deadline by 6 months till June-end.
  • RBI holds repo rate at 4%; FY21 GDP growth pegged at 9.5%, inflation unchanged at 5.3%.
  • United Forum of Bank Unions holds two-day strike to protest the Centre’s plan to privatise PSU banks.
  • India Post Payments Bank partners HDFC Bank for banking products, services in semi-urban and rural areas.
  • Kotak Mahindra rolls out business with WazirX for Crypto trading.
  • Paytm Payments Bank receives ‘scheduled bank’ status from RBI.
  • Star Health, Tega Industries, Anand Rathi Wealth, Shriram Properties, RateGain Travel Technologies, MapmyIndia, Metro Brands, MedPlus Health Services, Data Patterns, HP Adhesives, Supriya Lifescience make market debuts.
  • WHO approves emergency use listing for Serum Institute’s Covovax.
  • DCGI approves Covaxin for emergency use in age group between 12 and 18 years.
  • Serum Institute of India delivers first Novavax vaccine batch through COVAX.
  • Biocon partners with Tabuk Pharma to commercialise its specialty generic medicines in Middle East.
  • DGCA extends ban on scheduled international passenger flights till January 31.
  • CCI approves Tata Group acquisition of Air India
  • Tata group prepares 100-day plan to improve service, operational standards of Air India.
  • Tata Motors signs MoU with Maharashtra Govt to set up a vehicle scrapping facility.
  • Tesla gets approval for launch of 3 more models in India.
  • Tata Motors incorporates EV subsidiary Tata Passenger Electric Mobility.
  • Mercedes gets nod to use hands-free driving system in Germany.
  • Bajaj Auto commences work at its new EV facility, roll out in June 2022.
  • Murugappa Group enters India’s EV market, rolls out e-auto and cargo three-wheeler under Montra brand.
  • DoT releases bank guarantee of around ₹9,200 crore of Airtel, VIL, Jio.
  • Airtel, TCS successfully test 5G use cases on Neural Manufacturing solutions.
  • Airtel pre-pays ₹15,519 crore to clear all deferred liabilities for spectrum acquired in 2014.
  • Qualcomm, Google Cloud announce collaboration to create next-gen mobile AI.
  • Vedanta group to invest ₹60,000 crore to set up chip manufacturing unit in India.
  • Tech Mahindra acquires 100% stake in Activus Connect for ₹466 crore.
  • HCL Tech and apoBank to acquire German IT consulting firm gbs for €99,000.
  • Wipro acquires US cybersecurity firm Edgile for $230 million.
  • Apple puts Foxconn plant on probation, iPhone 12 production on hold until further notice.
  • Oppo signs deal with ISRO to strengthen R&D of NavIC messaging service.
  • China tightens scrutiny on offshore listings in sectors off-limits to foreign investment.
  • Bharat Petroleum collaborates with Bhabha Atomic Research Centre for Green Hydrogen production.
  • UK signs free-trade agreement with Australia to bolster post-Brexit economic ties.
  • Pakistan receives $3 billion loan from Saudi as part of economic support package.
  • Reliance, Abu Dhabi-based TA’ZIZ form joint venture for $2 billion chemical projects in Ruwais.
  • CCI suspends Amazon-Future Group deal citing suppression of information.
  • Zee-Sony merger gets approval from board; Sony to hold 50.86% stake in the merged entity.
  • Grofers rebrands to Blinkit in line with its 10-min grocery delivery plan; sets up 300 partner stores.
  • Flipkart, Walmart invest $145 million in Ninjacart.
  • PhonePe becomes first payment platform to tokenise cards on Visa, Mastercard and Rupay.
  • NASA awards $415.6 million to Jeff Bezos’ Blue Origin, others for new space hubs.
  • Apple’s Tim Cook signs $275 billion deal with Chinese officials to placate China.
  • Swiggy and ANRA Technologies conduct first-ever delivery trials of food, medicine with drones.
  • Vedanta withdraws cases against govt to settle ₹20,495 crore retro tax dispute.
  • UK high court defers decision on Nirav Modi’s appeal against extradition.
  • Italy fines Amazon record $1.3 billion for abuse of market dominance.
  • Cult.fit acquires RPM fitness, Fitkit, Onefitplus, and Urban Terrain brands in a single transaction.
  • Samsung merges Mobile and Consumer Electronics Divisions in management restructuring.
  • Health-tech startup Pristyn Care raises $96 million in Series E round, joins Unicorn club.
  • China removes 106 apps from app stores citing privacy violations.
  • WhatsApp empowers 500 villages in Karnataka, Maharashtra with access to digital payments.
  • Workers in New York Vote to Form First Starbucks Union in the US.
  • Gita Gopinath to take on new role at IMF as First Deputy Managing Director.
  • Senior bureaucrat Alka Upadhyaya appointed National Highways Authority of India Chief.
  • RBI appoints Yogesh Dayal as additional director on RBL Bank board for 2 years.
  • Centre appoints Atul Kumar Goel as new MD & CEO of Punjab National Bank.
  • Infosys scraps COO position after UB Pravin Rao retires, distributes responsibilities among top executives.
  • OYO rooms appoints former SBI Chairman Rajnish Kumar as Strategic Group Advisor.
  • Jefferies resigns as loan agent for spyware maker NSO Group.

WORLD INDICES
Indices 31-Dec 30-Nov %1M 01-Jan % since Jan
BSE 58254 57065 2.08% 41306 41.03%
NSE 17354 16983 2.18% 12183 42.45%
DOW 36338 34484 5.38% 28538 27.33%
NASDAQ 15645 15538 0.69% 8973 74.36%
FTSE 7389 7059 4.66% 7542 -2.04%
Nikkei 28792 27822 3.49% 23657 21.71%
Hang Seng 23398 23475 -0.33% 28190 -17.00%
Straits Times 3124 3041 2.71% 3223 -3.08%
Shanghai 3640 3564 2.13% 3050 19.33%
USD 74.33 75.16 -1.10% 71.22 4.36%
Euro 84.52 85.37 -0.99% 79.94 5.74%
GBP 100.60 100.41 0.18% 94.36 6.61%
Yen/100INR 0.65 0.67 -3.00% 0.66 -1.43%
Gold 48083 47650 0.91% 39067 23.08%
Silver 62681 61670 1.64% 46665 34.32%
Crude Brent $ 77.78 70.57 10.22% 66.29 17.33%
Crude Nymex $ 75.21 67.58 11.29% 61.30 22.69%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Dec 35482 38701 10937 37580 14223
30-Nov 35695 35044 10604 37387 13663
% 1M -0.60% 10.44% 3.14% 0.52% 4.10%
01-Jan 32103 15722 8210 30234 8047
% since Jan 10.52% 146.16% 33.21% 24.30% 76.75%

INDIAN TRADE(USD MILLION)
Exports in $ Bn 30.04
Imports $ Bn 52.94
FDI 1933
Government Bond 10Y 6.45%
GDP YoY 8.40%
Inflation Rate 4.91%
Forex Reserves $ M 635080
IIP % 4.30%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (9,516) 17,284
Debt (10,938) 1,440
Total 1 M (20,454) 18,724
Total Since Jan 21,532 1,75,991
Equity 27,569 44,780
Debt (6,037) 1,31,211

General News

  • Winter Session of Parliament begins from November 29, to go on till December 23.
  • PM Modi announces repeal of 3 contentious farm laws; Farm laws repeal Bill passed by both the Houses.
  • WHO names new COVID strain ‘Omicron’, classifies it as ‘highly transmissible’.
  • Centre advises States to ramp up testing for early detection of cases over Omicron scare.
  • India COVID tally touches 3.46 crores, Active cases account for 0.30% of total infections.
  • Global COVID-19 caseload crosses 263 million: deaths surge to more than 5.2 million.
  • Over 124 crore COVID vaccine doses administered I India so far; 32% fully vaccinated.
  • India to hit net-zero climate target by 2070: PM Modi at COP26 climate summit.
  • Almost 200 nations strike climate deal with coal compromise; International Solar Alliance signs UN pact.
  • Centre extends funding for weather, climate services to ₹2,135 crore.
  • Defence Acquisition Council gives nod to production of AK 203 rifles.
  • Ajit Doval chairs Security Dialogue on Afghanistan; NSAs of 7 countries raise issue of terrorism in Kabul.
  • CDS General Rawat meets Czech Army’s Chief of General Staff, discusses bilateral defence cooperation.
  • Gen Naravane meets with Israeli General; discusses aspects of bilateral military cooperation.
  • Admiral R Hari Kumar takes charge as 25th Chief of Naval Staff.
  • Defence Ministry formally lifts ban on Italian firms Leonardo SpA, AgustaWestland.
  • President confers honorary rank of ‘General of the Indian Army’ to Nepal Army Chief.
  • President Ram Nath Kovind confers Gallantry Awards and Padma Awards.
  • PM Modi launches 341km long Purvanchal Expressway; inaugurates projects worth ₹3,240 crore in UP.
  • PM Modi inaugurates re-development projects worth ₹130 crore in Uttarakhand.
  • Centre releases about ₹8,400 as health sector grant to states.
  • Govt extends 5-kg free foodgrains scheme till March 2022 under PMGKAY.
  • Delhi govt extends free ration supply till May 2022; approves allocation of ₹1,544 crore for COVID-19.
  • Air pollution: Delhi govt bans construction, demolition activities, entry of trucks till further orders.
  • Workers affected by ban on construction activities to be given ₹5,000 each: CM Arvind Kejriwal.
  • Assam CM Himanta Biswa and Mizoram CM Zoramthanga agree to form panel to solve the border dispute.
  • Rajasthan Cabinet expansion: 11 Cabinet Ministers, 4 MoS sworn in including 5 Pilot loyalists.
  • Captain Amarinder Singh quits Congress, launches new party ‘Punjab Lok Congress’.
  • Jammu and Kashmir gets State Investigation Agency to conduct speedy probes in terror-related cases.
  • Heavy rains lashes most parts of South India; Andhra, Tamil Nadu, Kerala received over 100% rains in Nov.
  • Ex-Meghalaya CM Mukul Sangma joins Trinamool with 11 MLAs.
  • Trinamool names ex-Goa CM Luizinho Faleiro as candidate for Rajya Sabha bypoll.
  • Samajwadi Party Chief Akhilesh Yada finalises alliance with Rashtriya Lok Dal for upcoming UP elections.
  • Kartarpur Sahib Corridor reopens after 20 months.
  • Shimla tops Niti Aayog’s urban development index followed by Coimbatore and Chandigarh.
  • Swachh Survekshan 2021 Awards: Indore’s clean sweep bags top honours fifth time in a row.
  • India re-elected to UNESCO executive board for 2021-25 term.
  • Pakistan allows India to send 50,000 wheat over land to Afghanistan.
  • US mandates vaccines or weekly tests for big companies by January 4.
  • Biden-Xi virtual meeting ends with both sides calling for more cooperation amid tensions.
  • Biden signs the $1 trillion bipartisan infrastructure bill into law; House sends social spending bill to Senate.
  • Xi Jinping officially announces establishment of China-ASEAN comprehensive strategic partnership.
  • UK PM Johnson and French President Macron agree to step up efforts to prevent migrant crossings.
  • German parties seal coalition deal to make Olaf Scholz chancellor.
  • UAE reopens embassy in Afghanistan; Taliban says ‘we have good relations’.
  • China’s Communist Party’s key conclave passes ‘landmark resolution’ ensuring Xi Jinping’s record 3rd term.
  • Beijing tightens measures as COVID cases spike, raises concerns over zero-virus policy.
  • Countries reintroduce travel bans over omicron variant.
  • Fumio Kishida reelected Japan’s Prime Minister in parliamentary vote.
  • US, Canada, Mexico leaders meet in first summit since 2016.
  • Sri Lanka reports new sub-lineage of COVID-19’s Delta variant.
  • Troika Plus: Pakistan pitches for including Taliban in talks on Afghanistan with US, Russia, China envoys.
  • Pakistan enacts law to give Kulbhushan Jadhav right to file review appeal against his conviction.
  • Sudan’s military agrees to reinstate ousted PM Abdalla Hamdok.
  • T20 World Cup: Australia win their 1st title by outclassing New Zealand in final.
  • India vs New Zealand: India wins the T20I series 3-0; 1st Test ends in draw.
  • BCCI appoints Rahul Dravid as India head coach till 2023 ODI World Cup.
  • West Indies all-rounder Dwayne Bravo to retire from international cricket after T20 World Cup.
  • AB de Villiers announces retirement from all forms of cricket.
  • Australian Open confirms players must be vaccinated to play in 2022.
  • J&K’s alpine skier Arif Khan becomes first Indian to win 2022 Winter Games quota.
  • Lionel Messi wins record 7th Ballon d’Or as Barcelona’s Alexia Putellas claims women’s award.

 

Business News

  • Centre notifies GST rate changes for footwear, textiles to correct inverted duty structure.
  • Auto-rickshaw services provided through e-commerce platforms to attract 5% GST.
  • Centre releases ₹17,000 crore as GST Compensation to States, UTs.
  • India’s Purchasing Managers’ Index moves up to 55.9 as against 53.7 in September.
  • India’s service sector PMI surges to decade high at 58.4 in October.
  • Cabinet approves construction of 32,152 km roads in far-flung areas of country at a cost of ₹33,822 crore.
  • PM Modi lays foundation stone of highway projects worth ₹11,090 crore in Maharashtra.
  • Govt to install 6,000 EV charging stations across 9 expressways in the country.
  • Centre cuts excise duty on petrol by ₹5, diesel by ₹10 in Diwali reprieve.
  • Commercial LPG cylinder price hiked by ₹266; no change for domestic use.
  • Government announces bill to ban cryptocurrencies, push official digital currency of RBI.
  • Centre approves ₹6,466 crore package for telecom services in remote areas.
  • SIDBI ties up with Google to support MSMEs with upto ₹1 crore.
  • Govt inks $61 million loan pact with ADB for development projects in Agartala.
  • Jyotiraditya Scindia launches online platform e-GCA to provide 298 services of DGCA.
  • India, ADB sign $300 million loan pact to boost primary health care in country.
  • RBI issues revised Prompt Corrective Action framework for banks, to be effective from Jan 1 .
  • RBI gives go-ahead to FPIs to invest in InvITs, REITs.
  • PB Fintech, Fino Payments, One 97(Paytm), Nykaa, Sapphire Foods, Tarsons Product, Go Fashion, Sigachi Industries make their market debuts.
  • India resumes overseas supply of India-made COVID-19 vaccines.
  • India’s first homegrown COVID-19 vaccine Covaxin wins WHO emergency use listing.
  • Bharat Biotech’s US partner Ocugen seeks Covaxin approval for kids.
  • President Biden nominates Jerome Powell for second term as Fed chief, opting for continuity.
  • China’s central bank injects 1 trillion yuan via medium-term loans into the financial system.
  • Bank of England holds interest rate at a record low 0.1% despite soaring inflation.
  • Japan unveils record stimulus package worth $490 billion to fix ailing economy.
  • US launches auction for 32 million barrels of crude oil from 4 strategic petroleum reserves (SPR) sites.
  • G20 nations agree to limit global average temperature increase to 1.5 C above pre-industrial levels.
  • India, Indonesia, Philippines and South Africa join coal transition programme.
  • US bank BNY Mellon cuts ties with Adani’s Carmichael coal mine in Australia.
  • Reliance Industries exits US shale gas business.
  • UK launches India Green Guarantee, commits new funds for EVs in India.
  • Maruti Suzuki Toyotsu India opens first vehicle scrapping unit in Noida.
  • Rivian and Ford scrap plans to develop an electric vehicle together.
  • Ford partners with GlobalFoundries to advance semiconductor chip manufacturing in the U.S.
  • Rakesh Jhunjhunwala-backed Akasa Air orders 72 Boeing 737 Max Aircraft to launch service in India.
  • Boeing reaches $225 million settlement in shareholder lawsuit over 737 Max safety.
  • General Electric to split into 3 public companies to simplify business, pare debt.
  • Airtel conducts India’s 1st 5G trial in 700 MHz band with Nokia in Kolkata.
  • OPPO conducts first 5G call from Hyderabad lab.
  • Bharti Airtel, Oracle widen alliance to bring cloud solutions range to over 1 million enterprise users.
  • Lava becomes first Indian brand to launch 5G smartphone.
  • Govt asks Indians to not subscribe to Elon Musk’s satellite internet service Starlink.
  • IBM, Amazon partner to extend reach of data tools for oil companies.
  • Microsoft enters metaverse race by launching 3D avatars and immersive meetings on Teams.
  • Acer India, Dixon Tech partner to manufacture 500,000 laptops annually.
  • Apple allows self-repairs to iPhones and Mac computers.
  • Microsoft to end support for OneDrive desktop application on Windows 7, 8, and 8.1 from March 1.
  • Google signs 5-year licensing deal with AFP for paid news subscription.
  • Yahoo pulls out of China, citing ‘challenging’ environment.
  • Google commits $740 million to Australia to mend ties after exit threat.
  • Amazon, Apple hit with € 200 million antitrust fine in Italy.
  • Myntra launches ‘M-Live’ for real-time video-enabled, interactive shopping experience.
  • NPCI increases WhatsApp UPI payment cap to 40 million users from 20 million.
  • Uber hits its 100th city milestone in India with launch in Telangana’s Warangal.
  • Mensa Brands becomes India’s fastest startup to turn unicorn, raises $135 million.
  • NoBroker becomes India’s first proptech unicorn after $210 million funding round.
  • Twitter co-founder Jack Dorsey steps down as CEO, succeeded by Parag Agrawal.

 

Q2 Results

  • SBI Q2 net profit surges 67% YoY to ₹7,627 crore, NII up 29% at ₹31,183.9 crore, NNPA down at 1.52%.
  • HDFC Q2 net profit rises 32% to ₹3,780 crore, revenue from operations rose 4% to ₹12,216 crore.
  • Tata Motors consolidated loss widens to ₹4,441 crore in Q2, revenue increase 14.6% to ₹61,378 crore.
  • M&M Q2 Net profit soars 785% YoY to ₹1,431.7 crore, revenue grows 14.7% to ₹13,305.4 crore.
  • Ashok Leyland reports Q2 net loss at ₹84 crore, consolidated revenue up by 44% YoY to ₹5,562 crore.
  • Hero MotoCorp Q2 Net profit falls 17% YoY to ₹794 crore, revenue declines 11% to ₹8,453.40 crore.
  • IRCTC Q2 net profit soars 386% YoY to ₹159 crore, revenue spiked 357.3% YoY to ₹404.9 crore.
  • ONGC reports highest ever net profit by any corporate at ₹18,347 crore in Q2.
  • Sun Pharma Q2 net profit rises 13% YoY to ₹2,047 crore, revenue rose 12.5% to ₹9,625.9 crore.
  • Bharti Airtel Q2 Revenue rises 13% to ₹28,326 crore; PAT climbs to ₹1,134 crore.
  • Vodafone Idea loss narrows sequentially to ₹7,132 crore in Q2.
  • Zomato Q2 net loss widens to ₹434.9 crore, revenue up at ₹1,024.2 crore.
  • Paytm Q2 revenue jumps 64%, net loss widens to ₹473 crore.
  • Nykaa reports 96% decline in Q2 net profit at ₹1.1 crore, revenue up 47% YoY to ₹885 crore.

WORLD INDICES
Indices 31-Oct 30-Sep %1M 01-Jan % since Jan
BSE 57065 59307 -3.78% 41306 38.15%
NSE 16983 17672 -3.90% 12183 39.41%
DOW 34484 35820 -3.73% 28538 20.83%
NASDAQ 15538 15498 0.25% 8973 73.17%
FTSE 7059 7238 -2.46% 7542 -6.40%
Nikkei 27822 28893 -3.71% 23657 17.61%
Hang Seng 23475 25377 -7.49% 28190 -16.72%
Straits Times 3041 3198 -4.91% 3223 -5.63%
Shanghai 3564 3547 0.47% 3050 16.84%
USD 75.16 74.88 0.38% 71.22 5.53%
Euro 85.37 86.59 -1.41% 79.94 6.80%
GBP 100.41 102.47 -2.01% 94.36 6.42%
Yen/100INR 0.67 0.66 1.39% 0.66 1.62%
Gold 47650 47607 0.09% 39067 21.97%
Silver 61670 64540 -4.45% 46665 32.15%
Crude Brent $ 70.57 84.38 -16.37% 66.29 6.46%
Crude Nymex $ 67.58 83.57 -19.13% 61.30 10.24%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
30-Nov 35695 35044 10604 37387 13663
31-Oct 39116 34409 11297 38222 13879
% 1M -8.74% 1.85% -6.14% -2.18% -1.56%
01-Jan 32103 15722 8210 30234 8047
% since Jan 11.19% 122.89% 29.15% 23.66% 69.79%


INDIAN TRADE(USD MILLION)
Exports 35650
Imports 55370
FDI 2873
Government Bond 10Y 6.33%
GDP YoY 8.40%
Inflation Rate 4.48%
Forex Reserves $ M 640401
IIP % 3.10%

INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (469) 13,513
Debt 772 12,772
Total 1 M 303 26,285
Total Since Jan 46,848 1,54,934
Equity 42,326 24,949
Debt 4,521 1,29,986

General News

  • India crosses 100 crore COVID vaccinations milestone; over 106.14 crore vaccinated so far.
  • India COVID tally touches 34.2 million, Active cases account for 0.48% of total infections; recovery rate improves to 98.18%.
  • PM Modi launches Swachh Bharat-Urban 2.0, AMRUT 2.0 for ‘Garbage Free’ and ‘Water Secure’ cities.
  • PM Modi launches Jal Jeevan Mission App and Rashtriya Jal Jeevan Kosh.
  • 16th East Asia Summit: PM Modi calls for free, open and inclusive Indo-Pacific.
  • PM Modi hosts Danish PM; both countries agree on 5-year plan to implement green strategic partnership.
  • G20 Summit: PM Modi highlights India’s contribution to fight against COVID.
  • Foreign Secretary Harsh Vardhan Shringla calls on Sri Lankan PM Mahinda Rajapaksa.
  • Jaishankar, UK counterpart agree to facilitate travel between two nations.
  • US Navy chief Admiral Mike Gilday arrives in Delhi; holds talks with Navy Chief Admiral Karambir Singh.
  • Gen Naravane meets Sri Lanka’s top civilian and military leadership; discusses steps to boost defence ties.
  • Jaishankar takes part in new quadrilateral with Israel, UAE and U.S.
  • Jaishankar calls on Israeli President, PM; discusses bilateral full potential of bilateral relations.
  • S Jaishankar-UK counterpart Liz Truss review progress on roadmap 2030; discuss terror, Afghanistan.
  • S Jaishankar holds talks with UK CDS Gen. Carter on Afghanistan situation, issues related to Indo-Pacific.
  • India allows foreign tourists travelling by chartered flights from Oct 15, rest from Nov 15.
  • Indian Space Association, industry body of Indian space and satellite companies, launched.
  • Parliament panels reconstituted; Congress leaders retained as Chairmen.
  • Amit Shah approves release of ₹7,274 crore to 23 states as central share of State Disaster Response Fund.
  • Union Cabinet approves affiliation of 100 schools in Govt, private sector with Sainik School Society.
  • Army chief reviews security situation at forward areas along LoC in Jammu and eastern Ladakh.
  • India deploys Pinaka, Smerch rocket system on China border.
  • Agni-5, surface-to-surface ballistic missile capable of striking targets up to 5,000 km, successfully test-fired.
  • India-China standoff clashes: 20 ITBP personnel honoured with gallantry medals.
  • Sonia Gandhi reinstates her position as a full-time and hands-on Congress President.
  • Bhabanipur Bypoll: Mamata Banerjee secures chief minister’s seat, wins bypolls.
  • Lakhimpur Kheri: UP govt announces ₹45 lakh, govt jobs for families of 4 farmers who died in the incident.
  • Tamil Nadu rejects National Education Policy 2020, to form expert panel to formulate State Policy.
  • Uttarakhand rains: Death toll 64, state govt pegs damage at ₹7,000 crore
  • Kerala rains: At least 27 people killed after torrential rain triggers landslides and floods.
  • Pegasus spyware case: SC forms three-member committee to probe snooping allegations
  • SC asks Kerala, TN to abide by supervisory committee’s view to maintain water level in Mullaperiyar dam.
  • IAF showcases Sukhoi Su-30, Rafale at Hindon airbase on 89th Air Force Day.
  • Tamil drama ‘Koozhangal’ is India’s official entry for Oscars 2022.
  • Rajinikanth receives the Dadasaheb Phalke Award at 67th National Film Awards ceremony in Delhi.
  • Journalists Maria Ressa and Dmitry Muratov win Nobel Peace Prize.
  • Global COVID-19 caseload tops 247.4 million: deaths surge to more than 5 million.
  • WHO panel recommends COVID vaccine booster shot for people with weak immunity.
  • WHO forms new 26-member team, says this may be ‘last chance’ to find COVID-19 origins.
  • UN starts vaccinating people against Ebola in Congo.
  • Australia, New Zealand ease COVID-19 travel advisory ahead of border reopening.
  • China re-imposes fresh lockdowns amid rising Covid-19 cases.
  • Moscow shuts most workplaces as COVID-19 infections, deaths soar.
  • Pakistan FM Qureshi, ISI chief Hameed visit, hold talks with Taliban leaders in Kabul.
  • Moscow hosts worldwide talks on Afghanistan, calls for inclusive government.
  • Afghanistan resumes passport issuance after a few months delay.
  • US President Biden, Europeans take up Iran nuclear program in Rome talks.
  • Biden signs bill to avert government shutdown, approves bill to fund government through Dec. 3.
  • US govt allows fully vaccinated foreign travellers to enter country from November 8.
  • UK approves India-made Covishield; drops 10-day quarantine for Indians.
  • Mauritius exits FATF grey list; Turkey joins Pakistan on the list for failing to check terror financing.
  • Sudan PM returns home, remains under guard after military takes power in coup and arrests leaders.
  • Kim Jong Un orders people to eat less as North Korea faces acute food shortage.
  • Fumio Kishida elected as new Prime Minister; lower house dissolved for October 31 national election.
  • Qatar’s first legislative elections see 63.5% voter turnout
  • ICC Women’s T20 rankings: Shafali Verma drops to second spot, Smriti Mandhana static at third.
  • Rahul Dravid to succeed Ravi Shastri as India’s head coach after T20 World Cup.
  • India win 8th SAFF Championship title, Chhetri equals Messi 80-goal record.
  • Germany unveils logo for soccer’s Euro 2024 tournament.
  • Australia’s Ellyse Perry is 1st woman cricketer to achieve 5000 runs, 300 wickets in international cricket.
  • IPL 2021: Chennai Super Kings beat Kolkata Knight Riders by 27 runs to clinch fourth IPL title.
  • New IPL teams: CVC Capital wins bid for Ahmedabad, RP-Sanjiv Goenka Group gets Lucknow.
  • Shakib Al Hasan becomes highest wicket-taker in T20 Internationals.
  • ICC men’s T-20 World Cup 2021 kicks off in the UAE.
  • ISSF Junior World Championships: India tops table with 9 gold medals.

 

Business News

  • Gati Shakti: PM Modi launches ₹100-lakh crore national master plan for multi-modal connectivity.
  • Centre releases ₹40,000 crore to States/UTs to meet GST compensation shortfall.
  • Finance Ministry releases ₹9,871 crore of revenue deficit grant to 17 states.
  • Nirmala Sitharaman discusses issues of anti-money laundering, terror financing with Janet Yellen.
  • Nirmala Sitharaman hold talks World Bank chief, discusses post-pandemic economic recovery, other issues.
  • Piyush Goyal meets trade ministers from UK, US, Brazil, Australia, S Africa, South Korea on G-20 sidelines.
  • Vehicle Scrapping Policy to come into force from 1st April 2022; list of incentives, disincentives released.
  • Oil touches 7-year high after OPEC+’s plan for gradual output hike; LPG, fuel rates surge to record highs.
  • Country’s power crisis eases on account of increased coal supply, onset of winter.
  • Govt begins process for self-reliance in green energy; global bids invited for setting up new units.
  • PM Modi inaugurates UP’s 3rd international airport in Kushinagar, to boost tourism on Buddhist circuit.
  • Govt approves 31 proposals for telecom PLI scheme entailing ₹3,345 crore investment.
  • RBI keeps policy rate unchanged at 4% for 8th time in a row, revises FY22 retail inflation projection to 5.3%.
  • RBI maintains GDP growth target for FY22 year at 9.5% ; IMPS daily transaction limit increased to ₹5 lakh.
  • HDFC Bank, Mastercard, USAID and DFC launch $100 million credit facility for MSMEs in India.
  • Paras Defence makes stellar stock market debut; Aditya Birla Sun Life makes a tepid debut.
  • Centre permits export of 4 million doses of COVID-19 vaccine Sputnik Light manufactured in India to Russia.
  • WHO seeks ‘additional clarifications’ for Covaxin to conduct final ‘risk-benefit assessment’.
  • Covaxin approved for emergency use in children aged 2 years and above.
  • US FDA clears Moderna, J&J COVID vaccine booster shots; clears Pfizer’s vaccine for kids aged 5 – 11 years.
  • EU regulator OKs Pfizer vaccine booster for 18 and older.
  • Tata Sons wins bid for acquiring national carrier Air India at ₹18,000 crore.
  • Rakesh Jhunjhunwala-backed Akasa Air gets aviation ministry’s NOC to operate in India.
  • MG Motor India sells out first batch of SUV Astor within 20 minutes of opening bookings.
  • Ola Electric raises over $200 million funding, valuation touches $3 billion.
  • TVS Motor, Tata Power in pact to create EV charging infrastructure in India.
  • Toyota, Stellantis to build EV-battery factories in the US.
  • AGR dues: Vodafone Idea, Airtel accepts four-year spectrum payment moratorium.
  • New Zealand and United Kingdom reach free trade deal.
  • Sri Lanka seeks $500 million loan from India for fuel purchase.
  • Taliban meet with UK, Iran delegations as Afghanistan teeters on the brink of economic collapse.
  • Venezuela introduces new currency, drops six zeros.
  • US introduces a bill that would bar Big Tech platforms from favoring their products and services.
  • Saudi Arabia comes to cash-strapped Pakistan’s rescue with $3 billion package.
  • Food prices surge for 3rd straight year in Pakistan, inflation rate shoots up at 12.66%.
  • Singapore-based arbitrator rejects Future Retail’s plea to lift the interim stay on RIL deal.
  • Adani Group finalises 35-year deal to build and operate Colombo Port’s West Container terminal.
  • Gautam Adani meets UK PM in London, assures to commit $70 billion for clean energy.
  • RIL floats wholly-owned subsidiary ‘Reliance International’ in UAE.
  • Reliance Retail extends deadline to complete ₹24,713 crore deal with Future Group.
  • Reliance Retail launches 7-Eleven convenience stores; forays into premium grocery format with Freshpik.
  • Facebook changes name of parent company to ‘Meta’, to reflect its metaverse ambitions.
  • Instagram, Facebook and WhatsApp face outages twice, restored later.
  • Microsoft to shut down LinkedIn in China, cites ‘challenging’ environment.
  • Paytm Group takes over complete ownership of digital lending startup CreditMate.
  • BharatPe forays into Buy Now Pay Later segment with launch of postpe.
  • Swiggy rolls out 2-year ESOP liquidity program worth $35-40 million.
  • Licious becomes India’s first D2C unicorn after raising $52 million.
  • Karnataka notifies law banning online betting games.
  • IMF board backs Kristalina Georgieva to continue as Managing Director after review of data-rigging claims.
  • IMF chief economist Gita Gopinath resigns, to return to Harvard University in January.
  • Govt re-appoints Shaktikanta Das as RBI governor for another three years.
  • Krishnamurthy Subramanian steps down as Chief Economic Adviser after three-year term.
  • RBI approves reappointment of Amitabh Chaudhry as MD & CEO of Axis Bank.
  • Ex-Air India MD Rajiv Bansal takes charge as Civil Aviation Secretary.
  • Former SBI chairman Rajnish Kumar joins BharatPe board.

 

Q2 Results

  • TCS Q2 net profit jumps 29% YoY to ₹9,620 crore, board approves second interim dividend of ₹7/share.
  • Infosys Q2 net profit up by 12% YoY to ₹5,421 crore, revenue rose 20% to ₹29,602 crore.
  • Wipro Q2 net profit rises 19% YoY to ₹2,930.7 crore, revenue climbs 30.1% to ₹19,667.4 crore.
  • HCL Technologies Q2 Profit rises 1.6% QoQ to ₹3,265 crore, revenue up 2.9% at ₹20,655 crore
  • HDFC Bank Q2 net profit rises 17.5% to ₹8,834 crore, NII grew 12% to ₹ 17,684 crore, GNPA at 1.35%.
  • ICICI Bank Q2 net profit grew 30% to ₹5,511 crore, NII jumps 25%; NNPA down at 0.99%..
  • Kotak Mahindra Bank Q2 net profit down 7% at ₹2,032.01 crore, NII rose 3% YoY to ₹4,021 crore.
  • HUL Q2 net profit rises 9% YoY to ₹2,187 crore, revenue up 11% to ₹12,724 crore, to pay ₹15 dividend.
  • Maruti Suzuki Q2 net profit falls 65% YoY to ₹475 crore, Net sales declined 9.09% to ₹19,297.80 crore.
  • TVS Motor Q2 net profit rises 41% to ₹277.6 crore, reports the highest ever revenue of ₹5,619 crore.
  • HDFC Life Insurance Q2 net profit down 16% to ₹274 crore; Net premium income up 14% to ₹11,445 crore.
  • RIL Q2 net profit rises 43% YoY to ₹13,680 crore, revenue grew 48% to ₹1.74 lakh crore.
  • Jio Platforms Q2 net profit rises 23% to ₹3,728 crore, ARPU up at ₹143.6.
  • Dr Reddy’s profit rises 30% to ₹992 crore, revenue rises by 18% to ₹5,763 crore in Q2.
WORLD INDICES
Indices 31-Oct 30-Sep %1M 01-Jan % since Jan
BSE 59307 59126 0.31% 41306 43.58%
NSE 17672 17618 0.30% 12183 45.06%
DOW 35820 33844 5.84% 28538 25.51%
NASDAQ 15498 14449 7.27% 8973 72.73%
FTSE 7238 7086 2.13% 7542 -4.04%
Nikkei 28893 29453 -1.90% 23657 22.13%
Hang Seng 25377 24576 3.26% 28190 -9.98%
Straits Times 3198 3087 3.61% 3223 -0.77%
Shanghai 3547 3568 -0.58% 3050 16.30%
USD 74.88 74.23 0.88% 71.22 5.13%
Euro 86.59 85.92 0.78% 79.94 8.33%
GBP 102.47 99.86 2.62% 94.36 8.60%
Yen/100INR 0.66 0.67 -1.57% 0.66 0.23%
Gold 47607 46326 2.77% 39067 21.86%
Silver 64540 59600 8.29% 46665 38.30%
Crude Brent $ 84.38 78.18 7.93% 66.29 27.29%
Crude Nymex $ 83.57 74.92 11.55% 61.30 36.33%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Oct 39116 34409 11297 38222 13879
30-Sep 37425 35028 10598 40427 14467
% 1M 4.52% -1.77% 6.60% -5.45% -4.06%
01-Jan 32103 15722 8210 30234 8047
% since Jan 21.84% 118.86% 37.60% 26.42% 72.48%

INDIAN TRADE(USD MILLION)
Exports 33790
Imports 56390
FDI 5040
Government Bond 10Y 6.39%
GDP YoY 20.10%
Inflation Rate 4.35%
Forex Reserves $ M 640100
IIP % -0.23%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (4,255) (2,338)
Debt (440) 3,456
Total 1 M (4,695) 1,119
Total Since Jan 59,985 1,23,375
Equity 55,574 7,589
Debt 4,410 1,15,786

General News

  • India COVID tally touches 33.7 million, 883 million vaccine doses administered so far.
  • Active cases account for 0.80% of total infections; recovery rate improves to 97.84%.
  • Govt allows door-to-door COVID vaccination for differently-abled persons.
  • PM Modi launches Ayushman Bharat Digital Mission, health ID for every citizen.
  • PM Modi holds first bilateral meeting with Biden; discusses Indo-Pacific, climate, COVID.
  • PM participates in the first in-person Quad Summit; addresses at 76th session of UNGA.
  • India, Australia holds ‘2+2’ talks to strengthen defence, strategic cooperation.
  • Jaishankar meets China’s Wang Yi; calls for early resolution on LAC issues in eastern Ladakh.
  • S Jaishankar meets with UK’s Foreign Secretary; calls for resolution of ‘quarantine Issue’.
  • Indian envoy to Qatar meets Taliban leaders, says Afghan soil must not be used for terrorism.
  • India to host G-20 summit in 2023 for the first time; Piyush Goyal appointed sherpa for grouping.
  • Air Marshal Vivek Ram Chaudhari to be new chief of Indian Air Force.
  • IAF plane carrying Rajnath Singh, Nitin Gadkari conducts mock emergency landing in NH 925 in Barmer.
  • India signs a project agreement with the US for air-launched unmanned aerial vehicles.
  • India, Singapore conduct major naval exercise near South China Sea.
  • Defence Ministry places order for 118 Arjun Mk-1A tanks worth ₹7,523 crore.
  • Indian Air Force signs deal with French Air Force to purchase phased out Mirage aircraft.
  • India buys 4 Israeli Herons, to upgrade them with missiles as Army, IAF, Navy ramp up drone inventory.
  • Smriti Irani inaugurates Poshan 2.0, urges all districts to establish Poshan Vatikas.
  • Shikshak Parv 2001: PM Modi launches five new initiatives for accessible education.
  • Centre, Assam govt signs Karbi Peace Accord with 5 insurgent groups in Assam.
  • President Kovind appoints new governors to Tamil Nadu, Uttarakhand, Punjab, Nagaland.
  • Gujarat CM Vijay Rupani resigns; Bhupendra Patel takes oath as 17th Chief Minister.
  • Captain Amarinder Singh resigns as Chief Minister of Punjab; Charanjit Singh Channi takes oath as CM.
  • BJP deploys 13 Union ministers, including seven of Cabinet rank, for poll-related duties in the states.
  • Navjot Singh Sidhu resigns as president of Punjab Congress.
  • Former Union minister Babul Supriyo and Former Goa CM Luizinho Faleiro join Trinamool Congress.
  • Kanhaiya Kumar joins Congress, Jignesh Mevani extends support to party.
  • Senior Congress leader and former Kerala Pradesh Congress Committee V.M. Sudheeran resigns from AICC.
  • PM Modi launches Sansad TV, a news channel combining the Lok Sabha and the Rajya Sabha TV.
  • Pegasus snooping row: SC to pass interim order on pleas seeking independent probe.
  • PM-CARES not a fund of Government of India, can’t be brought under RTI: Centre to Delhi HC.
  • Farmers call for Bharat Bandh; block highways, roads at many places to protest three farm laws.
  • Cyclonic storm Gulab brings heavy rains to Andhra Pradesh, Odisha.
  • NEET-UG 2021: Over 95% of registered candidates appeared at over 3,800 centres across India.
  • Syed Ali Shah Geelani, Kashmir’s separatist leader dies aged 92 after a prolonged illness.
  • Global Coronavirus cases touch 234 million; UN reports substantial decrease in both cases and deaths.
  • WHO urges rich countries to hold off on booster shots until 2022.
  • UK health service begins COVID booster vaccine rollout; begins vaccination for school children aged 12-15.
  • U.S. FDA clears Pfizer COVID-19 booster for older and at-risk Americans.
  • UK, US, Australia launch new trilateral Indo-Pacific alliance; Australia to get nuclear powered submarines.
  • France recalls envoys from US and Australia in protest at submarine deal.
  • Mullah Hassan Akhund to lead Taliban’s interim govt, Abdul Ghani Baradar to be Deputy.
  • Taliban nominates spokesman Shaheen as Afghan envoy, seeks UN participation.
  • Afghanistan commercial flights resume as UN warns of humanitarian crisis.
  • Antony Blinken defends Afghan withdrawal at testy U.S. congressional hearing.
  • FBI releases declassified record on 9/11 terror attacks, offers no proof on Saudi involvement.
  • Pakistan Foreign Minster Qureshi meets Secretary Blinken, urges engagement with Taliban.
  • Russia’s ruling pro-Putin party wins majority despite losing around one-fifth of its support.
  • Germany’s Angela Merkel loses elections narrowly to Social Democrats after 16 years.
  • Justin Trudeau re-elected Canadian PM for 3rd time but fails to secure majority.
  • Japan’s former Foreign Minister Fumio Kishida wins party vote, to become new Prime Minister.
  • North Korea tests first ‘strategic’ cruise missile with possible nuclear capability; fires 2 ballistic missiles.
  • South Korea successfully fires first submarine-launched ballistic missile.
  • India finishes 24th in its best showing at the Paralympics in Tokyo with 5 gold, 8 silver and 6 bronze medals.
  • US Open: Emma Raducanu becomes first British woman to win title in 53 years; Daniil Medvedev stuns Novak Djokovic to win Maiden Grand Slam title.
  • ICC ODI Rankings: Mithali Raj retains top spot in batting list.
  • ICC T20I Rankings: Virat Kohli rises to fourth, KL Rahul retains sixth spot.
  • Virat Kohli to step down as India’s T20I Captain after ICC T20 World Cup.
  • Virat Kohli becomes first Indian batter to score 10,000 runs in T20 format.
  • Cristiano Ronaldo breaks the international goal scoring world record with 111 goals for Portugal
  • IND vs ENG Test series: India leads the 5-match by series by 2-1; 5th Test to be rescheduled.
  • IPL 2021: IPL 14 second leg kick off in UAE; final on Oct 15, Chennai Super Kings qualifies for play-offs.

 

Business News

  • GST exemptions on expensive drugs like Zolgensma, Viltepso; 5% GST levied on food delivery apps.
  • Cabinet approves ₹ 10,683 crore PLI scheme for textile sector.
  • Cabinet approves telecom relief package; approves moratorium of 4 years for AGR dues.
  • Cabinet clears ₹26,538 crore scheme for auto sector; ₹120 crore to be allotted for drone PLI.
  • Union Cabinet clears decks for National Asset Reconstruction Company.
  • Government hikes Minimum Support Price for wheat by ₹40 to ₹2,015 per quintal.
  • Finance Ministry releases ₹9,871 crore to 17 states as revenue deficit grant.
  • Finance ministry approves capex projects of over ₹2,900 crore in 8 states, releases first batch of funds.
  • Piyush Goyal sets exports target for textile industry at $100 billion, up from $33 billion.
  • Cabinet approves additional capital infusion of ₹4,400 crore in ECGC.
  • Centre announces auction for sale of ₹26,000 crore govt securities.
  • PM Modi launches 35 crop varieties with special traits to address climate change, malnutrition.
  • FSSAI introduces green coloured ‘V’ logo to denote vegan food products.
  • PAN-Aadhaar linkage deadline extended by six months till March 2022.
  • Income tax dept extends due date to file returns for AY FY22 from current 30th Sept to 31st Dec.
  • India becomes world’s 6-biggest stock market, overtakes France for the first time in market capitalization.
  • Aptus Value Housing Finance, Vijaya Diagnostic Centre, Ami organics, Sansera Engineering make their market debut.
  • RBI, Monetary Authority of Singapore announce project to link UPI and PayNow.
  • RBL Bank restarts credit card issuances with rival Visa.
  • ICICI Bank partners with Amazon India to offer OD facility to sellers, small businesses.
  • IRDAI grants final approval for transfer of Bharti AXA General into ICICI Lombard.
  • HDFC Life acquires Exide Life Insurance for ₹6687 crore.
  • Indiabulls get CCI nod to sell mutual fund business to Groww for ₹175 crore.
  • Ford Motor to stop making cars in India, to sell only imported vehicles as part of a restructuring exercise.
  • Toyota cuts annual auto production target by 3% on shortage of chips, parts.
  • Ola Electric crosses ₹1100 crore in combined sales of S1 scooters over two days.
  • Govt increases domestic flight capacity to 85% of pre-COVID levels with immediate effect.
  • Government gives final approval to privatise 13 airports.
  • SpiceJet gets lease rental waiver of ₹300 crore for 4 Boeing MAX aircraft.
  • HAL signs pact with Alliance Air for deployment of civil Do-228 Aircraft in Arunachal Pradesh.
  • Singapore lifts flight ban on Boeing 737 Max planes.
  • Infosys, Microsoft ink multi-year cloud transformation deal with Australian utility, Ausgrid.
  • HCL signs up with South Korean software company HANCOM for global expansion, tech solutions.
  • Intel to invest up to $95 billion over the next decade in boosting EU chip capacity.
  • TCS partner Colombian airline Avianca to build latter’s IT infrastructure and cloud transformation.
  • TCS signs 10 year contract with Transport for London for design, operation of mobility system.
  • Wipro launches co-innovation space with Google Cloud in Bengaluru.
  • Mphasis acquires US-based Blink UX for $94 million in an all-cash deal.
  • DCGI gives nod for phase 2/3 trials of Biological E’s Covid vaccine on those aged between 5 & 18.
  • DCGI allows Serum Institute to enroll 7-11-year-olds in COVID-19 vaccine trial.
  • Sputnik’s single-dose vax gets DCGI nod for Phase-III trials in India.
  • Biocon Biologics to offer 15% stake to Serum Institute Life Sciences; gets access to 100 million doses.
  • Hetero gets DCGI nod for biosimilar version of Tocilizumab to treat COVID-19.
  • Future-Reliance Retail deal: Supreme Court stays Delhi HC order for seizure of Future Group’s assets
  • Tata Steel commissions India’s first plant for CO2 capture from Blast Furnace gas at Jamshedpur.
  • India accelerates talks with Taiwan on chip plant, trade deal.
  • Zee Enterprises board approves merger with Sony Pictures, Punit Goenka to remain MD & CEO.
  • Piramal Group completes DHFL acquisition in total consideration of ₹34,250 crore.
  • PepsiCo commissions ₹814-crore foods plant in Uttar Pradesh’s Mathura.
  • Shapoorji Pallonji Group sells majority stake in Eureka Forbes to PE major Advent for ₹4,400 crore.
  • Kitex group increases investment in Telangana to ₹2,400 crore, promises 22,000 jobs.
  • China pumps $17 billion into system amid Evergrande concerns.
  • Huawei CFO leaves Canada post agreement with US prosecutors to end the bank fraud case against her.
  • New York court halts tax suit to allow Cairn to settle dispute with India.
  • US aerospace companies to get $482 million in payroll support.
  • El Salvador bought $21 million of bitcoin as it becomes first country to make it a legal currency.
  • Sri Lanka central bank chief steps down as foreign exchange reserve crisis deepens.
  • World Bank discontinues ease of doing business reports after ethics review.
  • Freshworks makes stellar debut on Nasdaq, market cap crosses $12 billion.
  • New iPhone 13 series, ipad and Watch Series 7 unveiled at Apple Event.
  • Byju’s acquires coding platform Tynker for $200 million in US expansion push.
  • Gaming start-up Mobile Premier League valued at $2.3 billion, joins unicorn club.
  • Vedantu raises $100 million at $1 billion valuation, becomes India’s 5th edtech unicorn.
  • Zomato scraps its grocery delivery plans and health supplements businesses.
  • Blue-collar worker app Apna acquires unicorn status after $100 million fundraise led by Tiger Global.
  • PayPal acquires Japanese Unicorn buy now, pay later firm Paidy in $2.7 billion deal.
  • Amazon Pay partners Kuvera to offer wealth management services.
  • Paytm Money launches investment advisory marketplace on platform.
  • Myntra and Flipkart announce Strategic Partnership with British Sports Brand Slazenger.
  • Govt appoints K Rajaraman as telecom secretary.
  • Former SBI Chief Rajnish Kumar joins Andhra government in advisory role.
  • Microsoft announces share buyback of up to $60 billion, ups dividend; names Brad Smith Vice Chair.
  • Yahoo names tinder CEO Jim Lanzone as its next chief.
  • Zomato cofounder Gaurav Gupta quits two months after IPO.
WORLD INDICES
Indices 31-Aug 30-Jul %1M 01-Jan % since Jan
BSE 59126 57552 2.73% 41306 43.14%
NSE 17618 17132 2.84% 12183 44.62%
DOW 33844 35361 -4.29% 28538 18.59%
NASDAQ 14449 15259 -5.31% 8973 61.03%
FTSE 7086 7120 -0.47% 7542 -6.05%
Nikkei 29453 28090 4.85% 23657 24.50%
Hang Seng 24576 25879 -5.04% 28190 -12.82%
Straits Times 3087 3055 1.04% 3223 -4.22%
Shanghai 3568 3544 0.68% 3050 16.98%
USD 74.23 73.00 1.67% 71.22 4.22%
Euro 85.92 86.19 -0.31% 79.94 7.48%
GBP 99.86 100.31 -0.45% 94.36 5.83%
Yen/100INR 0.67 0.66 0.69% 0.66 1.83%
Gold 46326 47135 -1.72% 39067 18.58%
Silver 59600 62999 -5.40% 46665 27.72%
Crude Brent $ 78.18 72.99 7.11% 66.29 17.94%
Crude Nymex $ 74.92 69.04 8.52% 61.30 22.22%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
30-Sep 37425 35028 10598 40427 14467
31-Aug 36425 34570 10034 39530 14345
% 1M 2.75% 1.32% 5.62% 2.27% 0.85%
01-Jan 32103 15722 8210 30234 8047
% since Jan 16.58% 122.79% 29.09% 33.71% 79.77%

INDIAN TRADE(USD MILLION)
Exports 33280
Imports 47090
FDI 2235
Government Bond 10Y 6.22%
GDP YoY 20.10%
Inflation Rate 5.30%
Forex Reserves $ M 639642
IIP % 7.20%
INSTITUTIONAL TRADING ACTIVITY
Equity 7,663 4,787
Debt 11,524 14,595
Total 1 M 19,187 19,382
Total Since Jan 64,680 1,22,256
Equity 59,829 9,926
Debt 4,851 1,12,330

General News

  • India celebrates its 75th Independence Day; PM Modi announces ₹100 lakh crore Gatishakti plan for holistic growth and National Hydrogen Mission.
  • PM Modi declares August 14 to be observed as Partition Horrors Remembrance Day.
  • Parliament session ends 2 days ahead of schedule; 22 Bills passed by both the Houses.
  • Rajya Sabha records 29% productivity and Lok Sabha records 22%.
  • President Kovind gives assent to Constitutional Amendment Bill allowing States to identify OBCs.
  • India COVID tally touches 32.8 million, active cases account to 1.14% of total infections.
  • India administers over 65.41 crore doses of COVID vaccination; recovery rate stands at 97.49%.
  • Centre releases 2nd tranche of COVID Emergency Package to help states improve health infrastructure.
  • DGCI approves study on mixing of Covaxin and Covishield doses; trial to involve 300 volunteers.
  • Johnson and Johnson’s single-dose COVID vaccine gets approval for Emergency Use in India.
  • Many states announce COVID relaxation measures; schools, colleges , cinema halls set to reopen.
  • Kerala govt reimposes Sunday lockdown, announces night curfew from 10pm to 6am from August 30.
  • India, China agree to disengage from a key patrol point in Ladakh.
  • Bhubaneswar becomes first Indian city to achieve 100% COVID-19 vaccination.
  • Defence Minister Rajnath Singh launches 5th edition of Defence India Startup Challenge.
  • DRDO develops technology to safeguard fighter aircraft from radar threats.
  • Indian and Chinese Armies establish hotline for Sikkim sector.
  • ISRO’s GSLV fails to put EOS-3 into orbit after cryogenic stage glitch.
  • PM Modi launches Ujjwala 2.0 in UP, 1 crore additional LPG connections for low-income families.
  • Chhattisgarh CM Bhupesh Baghel announces 4 new districts, 18 tehsils on Independence Day.
  • Tamil Nadu Budget: Petrol price reduced by ₹3; ₹257.16 crore allotted for healthcare at doorstep scheme.
  • CM Jagan Mohan Reddy launches ₹4,500 crore Naadu-Nedu-2 to give fillip to 16,000 schools in Andhra.
  • Karnataka becomes first state to issue order on implementation of National Education Policy 2020.
  • Delhi CM Kejriwal inaugurates India’s first-ever Smog Tower in Connaught Place to improve air quality
  • No govt jobs, passport clearances for those involved in stone-pelting, other crimes: J&K govt.
  • Nagaland political parties agree to set up all-party government to resolve Naga conflict.
  • Delhi Government, International Baccalaureate Board sign MoU for Delhi Board of School Education.
  • Indore declared as the first ‘water plus’ city of India under the Swachh Survekshan 2021.
  • India’s highest altitude herbal park inaugurated near Indo-China border in Uttarakhand.
  • Govt need not disclose anything that compromises national security: SC on Pegasus snooping row.
  • Calcutta HC orders CBI, SIT probe into West Bengal post poll violence.
  • Former Congress MP from Assam Sushmita Dev joins TMC in presence of senior leader Abhishek Banerjee.
  • Prashant Kishor quits as Punjab Chief Minister’s principal advisor.
  • Former Uttar Pradesh CM Kalyan Singh passes away after prolonged illness.
  • Global Coronavirus cases exceeds 218.5 million; U.S. hits daily average of 100,000 hospitalizations.
  • WHO calls for halt on booster shot of vaccines to ensure wider coverage in poor countries.
  • UK regulator approves Moderna COVID-19 shot for 12 to 17-year-olds.
  • UAE approves Sinopharm’s COVID vaccine for children aged three and over.
  • Australia expands lockdown amid virus spread fears.
  • Japan extends COVID-19 “state of emergency” lockdown through mid-September.
  • New Zealand moved into a snap three-day lockdown, after 1st COVID case in 6 months.
  • President Ashraf Ghani flees Afghanistan, Taliban seize Presidential Palace.
  • Taliban announce ‘amnesty’ for govt officials, urges women to join government.
  • ISIS-K claims responsibility for Kabul airport blasts; U.S. drone strike destroys Its car bomb in Kabul.
  • Countries officially end their evacuation mission; over hundred thousand people flown out of the country.
  • UNSC adopts resolution on Afghanistan; demands territory not be used to attack other countries.
  • US Senate narrowly passes Biden’s $3.5 trillion budget plan.
  • US Vice President Kamala Harris begins Asia Trip amid Afghan crisis.
  • Iran swears in new hard-line president Ebrahim Raisi amid regional tension
  • Canada PM Justin Trudeau calls snap election on September 20 to retake a majority in Parliament.
  • Mexico and US vow to expand cooperation to address immigration in high-level talks.
  • Malaysia PM Muhyiddin Yassin resigns after losing majority; King appoints Ismail Sabri as Prime Minister.
  • Myanmar army chief General Min Aung Hlaing appoints himself Prime Minister, promises election by 2023.
  • Tokyo Olympics: India finishes 48th, best in four decades; 33rd in terms of terms of overall medals won.
  • USA tops medal table with 113 medals (39 Golds), followed by China 38 Golds, Japan (27) and Britain (22).
  • Odisha Govt extends its sponsorship of Indian National hockey teams by another 10 years.
  • Tokyo Paralympics: Shooter Avani Lekhara wins Gold; Sumit Antil wins Gold, breaks world record thrice.
  • India’s medal tally rises to 10 with 2 Gold, 5 Silver and 3 Bronze.
  • Rajiv Gandhi Khel Ratna award renamed after Hockey Great Major Dhyan Chand Khel Ratna Award.
  • ENG vs IND: England beat India in 3rd Test by an innings and 76 runs to level 5-match series 1-1.
  • ICC T20 World Cup 2021 scheduled from Oct 17 to Nov 14; India to face Pakistan on Oct 24.
  • ICC Test Rankings: Kohli slips to fifth, Bumrah rises to ninth spot.
  • World Athletics U20 Championships: India clinch Bronze in 4x400m Mixed Relay.
  • Lionel Messi signs 2-year contract with Paris Saint-Germain after leaving Barcelona.
  • Cristiano Ronaldo leaves Juventus, returns to Manchester United after 12-years.

 

Business News

  • Cabinet approves Amendments to LLP and Deposit Insurance and Credit Guarantee Corporation Bills.
  • Government amends FEMA to enable FDI hike in insurance sector to 74%.
  • Taxation Laws Amendment Bill passed to nullify retro tax.
  • Cabinet approves National Mission on Edible Oils with outlay of ₹11,040 crore.
  • Finance minister launches ‘Ubharte Sitaare’ scheme for export oriented MSMEs.
  • Centre announces asset monetisation plan to raise ₹6 lakh crore by 2025.
  • PM Modi launches e-RUPI: India’s new purpose-specific digital payment solution.
  • Govt launches web portal, mobile app to make skill development schemes accessible.
  • Govt launches e-SHRAM portal to maintain database of 38 crore unorganised sector workers.
  • PM Modi transfers ₹19,509 crore directly to accounts of 9.75 crore farmers under PM-KISAN scheme.
  • Govt introduces new registration mark “Bharat series (BH-series)” to facilitate seamless transfer of vehicles.
  • Aviation ministry passes Drone Rules, 2021; slashes fees, eases rules of using drones in India.
  • DGCA extends suspension of international flights till September 30.
  • DGCA allows Boeing 737 MAX aircraft to fly 30 months after global ban.
  • Tourism Ministry signs MOU with MakeMyTrip, Ibibo to strengthen hospitality industry.
  • Govt launches ‘Samridh’ schemes to support 300 start-ups for creating 100 unicorns.
  • RBI keeps policy rate unchanged for 7th time in a row; repo retained at 4%.
  • ICICI Bank files ₹563 crore fraud case against Karvy Stock Broking.
  • SEBI bars Kotak AMC from launching new fixed maturity plan for 6 months.
  • India, World Bank sign $250 million project to make existing dams safe and resilient.
  • RBI partially lifts ban on HDFC Bank, allows it to sell new credit cards.
  • Glenmark Life Sciences, Rolex Rings, Devyani International, Windlas Biotech, Exxaro Tiles, Krsnaa Diagnostics, CarTrade Tech, Nuvoco Vistas, Chemplast Sanmar, Aptus Value Housing Finance make their market debuts.
  • IT Ministry empanels Oracle as cloud infrastructure solutions provider.
  • Cognizant acquires a digital engineering firm Hunter Technical Resources, its sixth acquisition in 2021.
  • HCL Tech signs contract with Munich Re for digital workplace services in 40 countries.
  • Govt approves Bharat Biotech’s manufacturing facility in Gujarat’s Ankleshwar for production of Covaxin.
  • Wockhardt inks pact with RDIF’s subsidiary Enso Healthcare to produce, supply Sputnik vaccine.
  • Serum Institute buys 50% stake in country’s largest vial maker Schott Kaisha.
  • Zydus Cadila’s needle-free Covid-19 vaccine, ZyCoV-D, gets approval in India.
  • Pfizer-BioNTech COVID-19 vaccine becomes first to win FDA’s full approval.
  • Glenmark, Canadia’s SaNOtize inks pact to produce, market anti-COVID-19 nasal spray.
  • Nitin Gadkari asks automakers to offer six airbags as standard in cars, SUVs.
  • Centre exempts battery-operated vehicles from RC issue, renewal fees.
  • Renault-Nissan ordered to pay additional wages, despite warning India unit could become ‘unviable’.
  • Maruti Suzuki & Toyota Jointly Developing Hybrid Cars For India.
  • Great Wall Motor to shift some India investment to Brazil after approval delays.
  • Tesla gets approval for four models from India’s testing agencies.
  • Yahoo shuts down news sites in India over FDI regulations.
  • 75 Vande Bharat trains to connect different parts of country in 75 weeks of ‘Amrit Mahotsav’.
  • Centre raises caps on domestic airfares by 9.83% – 12.82%.
  • First direct flight operations flagged off on Imphal – Shillong route under UDAN.
  • Tata Sons, Singapore International Airlines invest ₹750 crore in Vistara.
  • Lockheed Martin gets $328.8 million contract to maintain IAF’s C-130J transport fleet.
  • Twitter has ‘prima facie’ complied with new IT Rules: Centre tells Delhi HC.
  • Facebook, Twitter and LinkedIn secure Afghan users’ accounts amid Taliban takeover.
  • Richard Branson’s Virgin Galactic restarts space-trip sales at $450,000 and up.
  • China passes major data protection law as regulatory scrutiny on tech sector intensifies.
  • Amazon India’s top seller, Cloudtail to cease ops from May 2022.
  • PayPal launches cryptocurrency trading in the UK.
  • Prosus acquires Indian payments giant BillDesk for $4.7 billion, will merge with its PayU fintech group.
  • Supreme Court stalls ₹24,713-crore Future-Reliance deal, says arbitrator’s award enforceable in India.
  • Delhivery inks $200 million deal to acquire rival Spoton Logistics.
  • ShareChat and Moj in multi-year music licensing deal with T-Series.
  • Spotify expands its Music+Talk show format to 15 new markets including India.
  • India jumps to 48 rank in Global Innovation Index amid record patent grants, trademark registrations.
  • CoinDCX becomes India’s first crypto exchange to hit unicorn status, raises $90 million led by B Capital.
  • N K Singh succeeds Dr ManMohan Singh as President of the Institute of Economic Growth Society.
  • Mini Ipe takes charge as new Managing Director of LIC ahead of proposed IPO.
  • Vinod Dasari resigns as Royal Enfield CEO & ED; COO B Govindarajan to take charge as ED.
  • Eicher board re-appoints Siddhartha Lal as MD with revised remuneration package.
  • Adi Godrej to step down as Godrej Industries’ chairman; Nadir Godrej to take over.

 

Q1 Results

  • SBI reports highest-ever quarterly net profit of ₹6,504 crore in Q1, NII rose 3.7% to ₹27,638 crore.
  • Bank of Baroda posts net profit of ₹1,208 crore in Q1; NII rises 16% to ₹7,892 crore.
  • HDFC Q1 net profit dips to ₹3,001 crore; NII rises 22% YoY to ₹4,147 crore.
  • Ashok Leyland loss narrows to ₹282 crore in Q1; revenue grows to ₹2,951 crore.
  • Hero MotoCorp Q1 net declines 72% QoQ to ₹249 crore, revenue declined by 37% at ₹5,503 crore.
  • Zomato Q1 net loss widens to ₹356 crore; consolidated revenue rises to ₹844 crore.
  • Voda Idea Q1 net loss widens to ₹7312.9 crore; Revenue fell 4.7% QoQ to ₹9,152.3 crore.
  • ONGC Q1 Net profit soars 772% to ₹4,335 crore, Gross revenue rose 77% to ₹23,022 crore.
WORLD INDICES
Indices 31-Aug 30-Jul %1M 01-Jan % since Jan
BSE 57552 52587 9.44% 41306 39.33%
NSE 17132 15763 8.69% 12183 40.63%
DOW 35361 34935 1.22% 28538 23.91%
NASDAQ 15259 14673 4.00% 8973 70.06%
FTSE 7120 7032 1.24% 7542 -5.60%
Nikkei 28090 27284 2.95% 23657 18.74%
Hang Seng 25879 25961 -0.32% 28190 -8.20%
Straits Times 3055 3167 -3.53% 3223 -5.21%
Shanghai 3544 3397 4.31% 3050 16.19%
USD 73.00 74.41 -1.89% 71.22 2.50%
Euro 86.19 88.34 -2.44% 79.94 7.82%
GBP 100.31 103.52 -3.10% 94.36 6.30%
Yen/100INR 0.66 0.68 -2.30% 0.66 1.13%
Gold 47135 47875 -1.55% 39067 20.65%
Silver 62999 67885 -7.20% 46665 35.00%
Crude Brent $ 72.99 76.33 -4.38% 66.29 10.11%
Crude Nymex $ 69.04 73.95 -6.64% 61.30 12.63%
  • 31-Aug
  • 36425
  • 34570
  • 10034
  • 39530
  • 14345
  • 30-Jul
  • 34584
  • 30480
  • 10049
  • 36052
  • 14425
  • % 1M
  • 5.32%
  • 13.42%
  • -0.14%
  • 9.65%
  • -0.56%
  • 01-Jan
  • 32103
  • 15722
  • 8210
  • 30234
  • 8047
  • % since Jan
  • 13.46%
  • 119.88%
  • 22.22%
  • 30.74%
  • 78.26%
  • NIFTY SECTORAL INDICES
    Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA

    INDIAN TRADE(USD MILLION)
    Exports 35430
    Imports 46400
    FDI (513)
    Government Bond 10Y 6.21%
    GDP YoY 20.10%
    Inflation Rate 5.59%
    Forex Reserves $ M 616895
    IIP % 13.60%
    INSTITUTIONAL TRADING ACTIVITY
    Particulars FII (Rs. crore) MF (Rs. crore)
    Equity 4,641 10,295
    Debt 12,028 15,619
    Total 1 M 16,669 25,915
    Total Since Jan 45,493 96,149
    Equity 52,166 3,888
    Debt (6,673) 92,260

    General News

    • Monsoon session of Parliament: Both houses face repeated adjournments over Pegasus, farm laws.
    • All citizens aged 18 and above to be vaccinated by December 2021: Health Ministry tells Parliament
    • 36 new ministers take charge after Cabinet revamp; 7 promoted, 12 ministers dropped.
    • PM Modi offers India’s Co-WIN platform to the world for adaptation to local use.
    • India COVID tally touches 31.6 million, 470 million vaccine doses administered so far.
    • Active cases account for 1.28% of total infections; recovery rate improves to 97.34%.
    • Global Coronavirus caseload crosses 198.5 million; US cases surpass 35.7 million.
    • PM Modi inaugurates, lays foundation stones of projects worth over ₹1,500 crore in Varanasi.
    • Tirath Singh Rawat tenders resignation as CM of Uttarakhand; Pushkar Singh Dhami takes oath as CM.
    • Union Minister Thawarchand made Karnataka Governor; 7 other States get new Governors.
    • Basavaraj Bommai sworn in as the 30th Chief Minister of Karnataka.
    • S Jaishankar holds delegation level talks with Iranian, Russian and Georgian couterparts.
    • S Jaishankar discusses outstanding issues along the LAC in the Western Sector with China’s Wang Yi.
    • US Secretary of State Blinken meets PM Modi, discusses regional challenges, cooperation on COVID.
    • President Kovind visits J&K, Ladakh; pays tributes to Kargil martyrs at war memorial in Baramulla.
    • Navjot Singh Sidhu named Punjab Congress Chief with 4 working Presidents.
    • YS Sharmila launches her political party, named ‘YSR Telangana Party’.
    • Puri takes out Lord Jagannath’s Rath Yatra without devotees amid COVID-19.
    • Phones of 50,000 people targeted using Pegasus spyware; includes over 40 Indian journalists, politicians.
    • Timeline for Aadhar linking with ration card extended upto Sept 30.
    • Two explosive devices dropped from a suspected drone on the Indian Air Force Station in Jammu.
    • US Navy hands over first two MH-60R multi role helicopters to India.
    • Fresh batch of 3 Rafale fighter jets land in India after flying 7,000 km non-stop from France.
    • DRDO successfully test-fires new-generation Akash surface-to-air missile.
    • GAVI signs COVID-19 vaccine supply deals with Sinovac, Sinopharm for COVAX.
    • UNICEF inks deal to supply of 220 million COVID vaccine doses for African Union member states.
    • United Arab Emirates becomes the world’s most vaccinated nation, vaccinates 72.1% of its population.
    • Brazil suspends decision to import four million doses of India-made Covaxin..
    • UK achieves its July-end vaccination goal, govt says all adults offered one jab.
    • Over half of Europe’s adult population ‘fully vaccinated’ against COVID-19: EU.
    • 17 European countries approve Covishield for ‘Green Pass’.
    • Newly-elected Nepal PM Sher Bahadur Deuba wins vote of trust in Parliament.
    • President Joe Biden signs three bills to overturn Trump-era rules.
    • President Biden hosts Chancellor Merkel at White House in her final visit to US as head of the state
    • Joe Biden, Iraq’s PM Mustafa al-Kadhimi seal agreement to end U.S. combat mission in Iraq.
    • US troops leave Afghanistan’s Bagram airfield after nearly two decades.
    • Taliban delegation meets Chinese Foreign Minister, discusses current Afghan situation.
    • North, South Korea agree to restore severed communication links as leaders seek to rebuild ties.
    • Melbourne joins Sydney in lockdown as COVID-19 spreads in Australia.
    • Unprecedented heatwave claims as many as 500 people in Western Canada.
    • NASA awards $178 million Jupiter moon mission contract to Elon Musk’s SpaceX.
    • Tokyo Olympics: Mary Kom, hockey captain Manpreet Singh India’s flagbearers at opening ceremony.
    • Mirabai Chanu wins silver, opens India’s medal account on Day 1.
    • Boxer Lovlina Borgohain assures second medal for India.
    • Women’s hockey: India beat South Africa 4-3 to keep quarterfinals hopes alive.
    • Kamalpreet finishes 2nd in discus qualification to make finals.
    • Brisbane picked to host 2032 Olympics without a rival bid.
    • India Tour of Sri Lanka: India won the ODI series 2-1 ; Sri Lanka defeats India to clinch T20I series 2-1.
    • Dhawan 10th Indian to score 6000 ODI runs, completes 10,000 runs as Opener in International cricket.
    • ENG-W beat IND-W England wins series 2-1.
    • New Zealand’s Devon Conway and England’s Sophie Ecclestone named ICC Players of the month for June.
    • ICC announces new points system for 2nd edition of WTC, Teams to be ranked on percentage of points won.
    • BCCI announces schedule for remainder of VIVO IPL 2021 in UAE, MI to face CSK on September 19.
    • Ashleigh Barty wins maiden Wimbledon women’s title, Novak Djokovic wins his 6th Wimbledon title.
    • Argentina beat Brazil 1-0 to win Copa America, 1st major title in 28 yrs.
    • Euro 2020 Final: Italy beat England 3-2 on penalties in London to win their second European Championship.

     

    Business News

    • Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill 2021.
    • Cabinet approves BharatNet implementation strategy across 16 states through PPP Model.
    • Cabinet approves amendment to Limited Liability Partnership Act, 12 offences to be decriminalised.
    • Government announces inclusion of Retail and Wholesale trades as MSMEs.
    • Centre releases ₹75,000 crore to states and UTs, nearly half of FY22 GST compensation shortfall.
    • Centre approves ₹6,322 crore PLI scheme for specialty steel; to create 5.25 lakh jobs.
    • Nitin Gadkari inaugurates country’s first LNG facility plant at Nagpur.
    • 8 new routes to boost regional aerial connectivity from MP to Maharashtra, Gujarat.
    • 59 airports including 2 water aerodromes and 5 heliports operationalized under RCS-UDAN.
    • Odisha CM inaugurates Tata Consumer Products’ ₹100 crore tea packaging plant in Gopalpur.
    • CBDT extends e-filing of IT Forms 15CA,15CB till 15th August.
    • RBI bars Mastercard from adding customers in India from July 22.
    • India Pesticides, Zomato, Clean Science, GR Infraprojects, Tatva Chintan make their market debuts.
    • Govt to procure 66 crore doses of Covishield, Covaxin at ₹205 and ₹215 per dose, respectively.
    • Bharat Biotech commits to supply 500 million doses of Covaxin to Centre for immunisation programme.
    • Covaxin offers 93.4% protection from severe COVID, 65.2% immunity against Delta variant.
    • MSN Labs, BDR Pharma, Bajaj Healthcare get license deal with DRDO for COVID-19 drug 2-DG.
    • Dr Reddy’s soft launches Sputnik V vaccine in 50 cities including Delhi and Mumbai.
    • India’s Morepen manufactures first test batch of Russia’s Sputnik V vaccine.
    • Govt caps trade margin for pulse oximeter, BP monitoring machine, 3 other medical devices.
    • NPPA allows 50% price hike for ibuprofen, ranitidine, carbamazepine.
    • Maharashtra unveils new EV policy, increases subsidies; aims 10% share in total registrations by 2025.
    • Rajasthan announces subsidies for e-2W, e-3W buyers.
    • Maruti Suzuki India lines up ₹18,000 crore investment for new manufacturing plant in Haryana.
    • Ashok Leyland to invest up to $200 million in EVs via Switch Mobility.
    • Tata Motors launches new brand ‘XPRES’ for fleet customers.
    • Daimler, Volvo and Traton plan $600 million truck-charging JV.
    • Alibaba Backed AutoX Achieves True Driverless Robot Taxi Service In China.
    • Ola opens bookings for electric scooter at ₹499; receives 1 lakh reservations in the first 24 hours.
    • Ola Electric signs $100 million long-term loan with Bank of Baroda.
    • Ceat to invest about ₹1,000 crore capital expenditure for various expansion projects this fiscal year.
    • OPEC+ meets to agree oil supply boost as prices rise.
    • Zurich airport signs shareholder agreement with NIAL for development of Noida airport.
    • Billionaire Richard Branson reaches Space, safely returns to Earth.
    • Blue Origin’s first passenger Spaceflight with jeff Bezos & crew successfully complete historic space launch.
    • Centre inks MoUs with Microsoft, Amazon, Patanjali for farm data project.
    • HCL Technologies selected as a strategic launch partner for Microsoft cloud for Financial Services.
    • IBM signs 10-year partnership with Bangalore International Airport for digital transformation.
    • TCS enters pact with OTT platform SonyLIV as its technology partner.
    • Vijay Mallya declared bankrupt by UK High Court for Indian bank to realise debt.
    • Facebook submits compliance report as directed by new IT Law.
    • WhatsApp puts privacy policy on hold till data protection bill comes into force.
    • Cairn Energy secures French court order to seize 20 Indian government properties.
    • Kitex group enters into ₹1,000 crore investment deal in Telangana, to set up factories in Warangal district.
    • Adani Group takes over Mumbai airport management, now controls 33% of India’s air cargo traffic.
    • World Bank deployed $157 billion to fight pandemic in 15 months.
    • IMF approves policy reforms to support recovery of low-income nations.
    • Asian Development Bank lowers India’s economic growth forecast for this fiscal to 10% from 11%.
    • 130 countries agree to Biden-backed 15% global minimum tax for companies.
    • G20 approves global corporate tax rate of at least 15%.
    • US Senate passes bill to ban all imports from China’s Xinjiang over allegations of rights abuse.
    • Pentagon cancels $10 billion Joint Enterprise Defense Infrastructure contract given to Microsoft.
    • Salesforce finalizes $27.7 billion Slack acquisition.
    • Verizon Business signs 5G contactless payment deal with Mastercard.
    • Byju’s acquires Epic for $500 million; buys Great Learning for $600 million.
    • Airtel Business, Cisco partner for connectivity solutions for enterprises.
    • •OYO raises $660 million term loan funding from global institutional investors.
    • Govt approves up to ₹15,000 crore FDI investment proposal from Voda Idea.
    • Reliance Retail acquires majority stake of 66.95% stake in Just Dial for ₹3,497 crore.
    • EU fines Volkswagen, BMW $1.036 billion in for emissions cartel.
    • France fines Google $593 million over copyright row.
    • India’s ranking jumps to 90.32% in 2021 in UN Global Survey on Digital and Sustainable Trade Facilitation.
    • RBI clears Shyam Srinivasan’s reappointment as Federal Bank MD & CEO for 3 years.
    • Shiv Nadar resigns as MD of HCL, named Chairman Emeritus; C Vijayakumar, President & CEO named MD.
    • Kenneth Juster named advisor to Global Board of US India Business Council.
    • Jeff Bezos to hand over the job of Amazon chief executive on July 5 to Andy Jassy.
    • Aditya Ghosh to join as co-founder Rakesh Jhunjhunwala’s Akasa Airlines

     

    Q1 Results

    • Reliance Industries Q1 Profit after tax jumps 67% YoY to ₹13,806 crore, revenue at ₹1.44 lakh crore.
    • HDFC Bank Q1 profit rises 14% to ₹7,922 crore, NII rose 14% to ₹17,009 crore, GNPA up at 1.47%.
    • ICICI Bank Q1 Net profit rises 78% YoY to ₹4,616 crore as provisions fall; NII rose 18% to ₹10,936 crore.
    • Kotak Mahindra Bank Q1 Net profit rises 32% YoY to ₹1,642 crore, NII rose 6% to ₹3,942.
    • IndusInd Bank Q1 net profit doubled to ₹1,016 crore, NII increased 8% to ₹3,564 crore.
    • Maruti Suzuki Q1 net profit rose to ₹440.8 crore, revenue soars 333% to ₹17,770.7 crore.
    • TCS Q1 Profit rises 29% YoY to ₹9,008 crore, revenue at ₹45,411 crore, approves ₹7/share dividend.
    • Infosys Q1 Profit rises to Rs 5,195 crore, revenue climbs to Rs 27,896 crore
    • Wipro Q1 net profit rises 9% QoQ to ₹3,243 crore, revenues rises 12.4% to ₹18,252 crore.
    • HCL Tech Q1 PAT rises by 9% to ₹3,214 crore, revenue at ₹20,068 crore; declares ₹6/share dividend.
    • Tech Mahindra Q1 profit jumps 39% YoY to ₹1,353 crore, revenue grew 11.98% YoY at ₹10,197.6 crore.
    • Tata Motors Q1 Consolidated net loss narrows to ₹4,451 crore, revenue up 108% YoY at ₹66,406 crore.
    • Hindustan Unilever Q1 net profit rises 9.6% to ₹2,061 crore, revenue rose 12.8% to ₹11,915 crore.
    • ITC Q1 profit rises 28.6% YoY to ₹3,013.5 crore, revenue jumps 36.4% to ₹12,959 crore.
    WORLD INDICES
    Indices 30-Jul 30-Jun %1M 01-Jan % since Jan
    BSE 52587 52483 0.20% 41306 27.31%
    NSE 15763 15722 0.26% 12183 29.39%
    DOW 34935 34503 1.25% 28538 22.42%
    NASDAQ 14673 14504 1.16% 8973 63.53%
    FTSE 7032 7037 -0.07% 7542 -6.76%
    Nikkei 27284 28792 -5.24% 23657 15.33%
    Hang Seng 25961 28828 -9.94% 28190 -7.91%
    Straits Times 3167 3247 -2.47% 3223 -1.73%
    Shanghai 3397 3591 -5.40% 3050 11.38%
    USD 74.41 74.33 0.11% 71.22 4.48%
    Euro 88.34 88.29 0.05% 79.94 10.52%
    GBP 103.52 102.84 0.66% 94.36 9.71%
    Yen/100INR 0.68 0.67 1.00% 0.66 3.51%
    Gold 47875 46831 2.23% 39067 22.55%
    Silver 67885 68080 -0.29% 46665 45.47%
    Crude Brent$ 76.33 75.13 1.60% 66.29 15.15%
    Crude Nymex $ 73.95 73.72 0.31% 61.30 20.64%
    NIFTY SECTORAL INDICES
    Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
    30-Jul 34584 30480 10049 36052 14425
    31-Jun 34772 29168 10600 36093 14309
    % 1M -0.54% 4.50% -5.21% -0.11% 0.81%
    01-Jan 32103 15722 8210 30234 8047
    % since Jan 7.73% 93.87% 22.39% 19.24% 79.26%

    INDIAN TRADE(USD MILLION)
    Exports 32500
    Imports 41870
    FDI 9140
    Government Bond 10Y 6.20%
    GDP YoY 1.60%
    Inflation Rate 6.26%
    Forex Reserves $ M 611149
    IIP % -8.00%
    INSTITUTIONAL TRADING ACTIVITY
    Particulars FII (Rs. crore) MF (Rs. crore)
    Equity (10,188) 13,911
    Debt (759) 12,341
    Total 1 M (10,947) 26,252
    Total Since Jan 31,266 67,697
    Equity 50,083 (7,927)
    Debt (18,817) 75,624

    General News

    • India COVID tally touches 30.4 million, 335 million vaccine doses administered so far.
    • Active cases account for 1.70% of total infections; recovery rate improves to 96.94%.
    • Global Coronavirus caseload crosses 182.9 million; Brazil death toll surpasses 5.18 million.
    • Centre begins next phase of nation wide COVID 19 vaccination drive to all above 18 years of age.
    • Centre submits vaccination roadmap to SC, says entire population will get jabbed by the end of 2021
    • •₹780 for Covishield , ₹1,410 for Covaxin and ₹1,145 for Sputnik V: Centre fixes rates at private centres.
    • Many States and UTs announce more lockdown relaxations as virus cases continue to dip.
    • PM Garib Kalyan Anna Yojana: Govt extends free foodgrains scheme till Nov for 80 crore beneficiaries.
    • Rajnath Singh approves budgetary support of nearly ₹499 crore for innovations in defence sector.
    • India, China discuss ‘early resolution’, agree to hold 12th military talks.
    • India, Kuwait sign pact for cooperation on recruitment of Indian workers.
    • India calls for open & inclusive order in Indo Pacific region: Rajnath Singh at ASEAN meet.
    • India and Bhutan ink MoU for developing cooperation in area of environment.
    • S Jaishankar attends G20 ministerial meetings in Italy.
    • Thousands of farmers march against Farm laws, mark seven months of protests.
    • 5 Ministers, including first woman in decades, take oath in Puducherry Cabinet.
    • Amarnath Yatra cancelled for second consecutive year due to COVID 19 pandemic.
    • Restoration of statehood, election among 5 demands raised during PM’s meet with J&K’s leaders.
    • Tradition, technology India’s greatest strengths: PM Modi at Toycathon 2021.
    • Anup Chandra Pandey, former UP Chief Secretary, appointed as new Election Commissioner.
    • Aam Aadmi Party to contest all 182 seats in 2022 Gujarat assembly polls.
    • Akali Dal announces alliance with BSP for Punjab Assembly elections 2022.
    • BJP leader Mukul Roy, son Subhrangshu rejoin TMC in presence of Mamata Banerjee.
    • Pashupati Kumar Paras elected unopposed as national president of LJP.
    • CBSE submits Class 12 evaluation scheme before Supreme Court; says results by July 31.
    • Flying Sikh Milkha Singh dies of COVID complications cremated with full state honours.
    • BRICS Foreign Ministers agree on COVID 19 vaccine IPR waiver.
    • EU, UK slap new sanctions on entities, individuals related to Myanmar military coup.
    • NSAs of member countries pledge to unite against terrorism, radicalism at SCO meet, Tajikistan.
    • G 7 summit ends with commitment on vaccines, climate change.
    • US outlines plan to send 55 million vaccine doses globally; 16 million earmarked for Asia.
    • Ex officer Derek Chauvin gets 22.5 years in prison for George Floyd’s death.
    • Delta variant now reported in 85 countries globally, expected to become dominant lineage: WHO.
    • WHO clears second Chinese COVID vaccine Sinovac for wider global use.
    • More Australian cities under lockdown as COVID 19 Delta variant outbreak continues.
    • Antonio Guterres re elected as UN Secretary General for 2nd five year term.
    • Pakistan adopts ICJ ordinance allowing Kulbhushan Jadhav to appeal conviction.
    • US to buy 500 million Pfizer COVID vaccines to share with 92 lower income countries, African union.
    • USCIS reverses Trump era policy denying certain immigrant visa applications.
    • US Russia summit: Joe Biden, Vladimir Putin discuss ambassadors, nuclear weapons, cybersecurity.
    • US President Joe Biden meets Afghan President Ashraf Ghani, CEO Abdullah at White House.
    • UK PM Boris Johnson delays COVID lockdown end by 4 more weeks to July 19.
    • Hard line judiciary chief Ebrahim Raisi registers win in Iran’s presidential election.
    • Myanmar military junta charges Aung San Suu Kyi with corruption.
    • Naftali Bennett sworn in as Israel’s new Prime Minister, ending Netanyahu’s 12 year rule.
    • Israel launches new airstrikes on Gaza in response to incendiary balloons.
    • FATF keeps Pakistan on ‘Enhanced Follow up List’, asks it to work on terror financing measures.
    • Three astronauts blast off for China’s new Tiangong Space Station.
    • Asian Boxing Championships: India finishes 4 th with 2 Gold, 5 Silver and 8 Bronze.
    • 108 Indian athletes across 17 sporting categories have so far qualified for Tokyo Olympics.
    • French Open: Czech’s Barbora Krejcikova wins maiden title; Novak Djokovic wins 19th Grand Slam title.
    • New Zealand beat India by 8 wickets to win inaugural ICC World Test Championship title.
    • UEFA EURO 2020: Switzerland, Spain, Belgium, Italy, Czech, Denmark, Ukraine and England in quarterfinals.
    • Sunil Chhetri overtakes Messi to become 2nd highest international goal scorer.
    • Cristiano Ronaldo becomes joint top scorer in men’s international football.

     

    Business News

    • Nirmala Sitharaman announces ₹6.28 lakh crore stimulus package to boost COVID affected sectors.
    • ₹23,220 crore earmarked for healthcare infrastructure; first five lakh tourist visas will be issued free of cost
    • Measures include ₹1.1 lakh crore loan guarantee scheme and additional ₹1.5 lakh crore under ECLGS.
    • Parliamentary panel directs Facebook, Google to comply with new IT rules, court orders.
    • Govt extends ban on international passenger flights till July 31, air bubble pacts to continue.
    • Government proposes stricter e commerce norms to tackle unfair trade practices.
    • Govt announces ₹12,195 crore PLI Scheme for telecom & Networking equipment.
    • Centre releases revenue deficit grant of ₹9,871 crore to 17 states.
    • Govt asks ministries, departments to cut ‘controllable’ expenditure by 20%.
    • Govt simplifies registration process for MSMEs, only need to furnish PAN and Aadhaar to register.
    • MCA raises threshold turnover and borrowing limits in definition of small and medium companies.
    • PAN Aadhaar linking deadline extended by 3 months to 30 September.
    • Govt extends validity of fitness, registration, driving licence & all permits till Sep 30, 2021.
    • Gold hallmarking becomes mandatory with several exemptions.
    • RBI leaves key rates unchanged, cuts FY22 GDP growth to 9.5% from 10.5%.
    • RBI opens liquidity window of ₹15,000 crore for contact intensive sectors.
    • Shyam Metalics , Sona Comstar , Dodla Dairy make their market debuts.
    • SEBI halts PNB Housing Finance’s ₹4,000 crore deal with Carlyle Group.
    • Centrum BharatPe gets RBI nod to take over crisis ridden Punjab and Maharashtra Co operative Bank.
    • SBI General Insurance enters into bancassurance tie up with IDFC First Bank.
    • India receives $64 billion FDI in 2020, fifth largest recipient of inflows in world: UN.
    • Income tax department launches new e filing portal www.incometax.gov.in.
    • Eli Lilly gets DCGI emergency use approval for COVID 19 antibody cocktail drug.
    • Subject Expert Committee approves Bharat Biotech’s Covaxin phase 3 efficacy data, 77.8% efficacy shown.
    • Serum Institute seeks test licence from DCGI to manufacture COVID vaccine Sputnik V.
    • Serum Institute starts production of Novavax’s COVID 19 vaccine Covovax.
    • Dr Reddy’s announces commercial launch of anti Covid drug 2DG.
    • Indian Institute of Chemical Technology, Lee Pharma signs agreement for production of 2 DG COVID drug.
    • Sputnik V rollout: Dr Reddy’s partners with Manipal Hospitals, Aster DM Healthcare, Rockwell industries.
    • ICMR approves Gujarat based global medtech company Meril’s self use Covid test kit COVIFIND.
    • NCLT approves Piramal Group’s resolution plan for bankrupt financier DHFL.
    • SEBI bans Franklin Templeton MF from launching new debt funds for 2 years, imposes ₹5 crore penalty.
    • ED transfers assets worth ₹9,371 crore to PSU banks in Vijay Mallya, Nirav Modi, Mehul Choksi fraud case.
    • Deadline extended for mandatory dual airbags for front seat passengers in existing car models to Dec 31.
    • Gujarat gives ₹870 crore push to EV, charging infrastructure.
    • Carmakers start to ramp up production as COVID 19 restrictions ease in states.
    • Wipro collaborates with Germany’s FEV to open Innovation Lab for developing Software Defined Vehicles.
    • Nissan India begins export of the Magnite to Nepal, Indonesia, and South Africa.
    • Hyundai Motor buys US based robotics firm Boston Dynamics for $880 million.
    • Yamuna International Airport secures ₹3,725 crore SBI financing to develop Noida International Airport.
    • EU, US reach deal to end Boeing Airbus trade dispute after 17 years.
    • NCLT approves resolution plan of Kalrock Capital and entrepreneur Murari Lal Jalan for Jet Airways revival.
    • Reliance Jio and Google announce JioPhone Next ultra affordable 4G Phone and 5G partnership.
    • Jio Platforms, Qualcomm join hands for local manufacturing of critical 5G equipment.
    • Axiata, Telenor sign $16 billion deal to merge Malaysian telecoms units.
    • Airtel announces partnership with Tata group for 5G network solutions.
    • Nokia to receive Patent fees from Daimler, ending legal fight over Royalties for key technologies.
    • Infosys wins digital technology integration contract from US Based Archrock.
    • Virgin Atlantic partners with TCS to power recovery and transformation.
    • US Treasury Secretary Janet Yellen holds virtual meeting with China’s Vice Premier.
    • G7 nations’ Finance Ministers agree to commit to a global minimum tax of at least 15%.
    • US suspends additional tariffs on India, Austria, Italy, Spain, Turkey and the UK in digital tax dispute.
    • Australia and the United Kingdom announce post Brexit trade deal.
    • China blocks cryptocurrency related social media accounts amid crackdown on Bitcoin trading, mining.
    • World Bank rejects El Salvador request for help on bitcoin implementation.
    • US blacklists 28 more Chinese firms to investors over ‘facilitating serious human rights abuses’.
    • Bosch opens $1.2 billion chip plant in Germany, its biggest ever investment.
    • PharmEasy acquires 66% stake in Thyrocare Tech, to make open offer to grab additional 26%.
    • Tata Digital invests $75 million in Curefit ; buys a majority stake in digital health company
    • IKEA enters Bengaluru, launches ecommerce and mobile shopping app.
    • BharatPe acquires loyalty platform PAYBACK India.
    • Google Pay launches cards tokenisation with SBI, IndusInd Bank & other banks in collaboration with Visa.
    • Byju’s becomes India’s most valued startup at $16.5 billion with UBS, Blackstone funding.
    • Grofers becomes a unicorn after Zomato reportedly invests $120 million.
    • Samsung shifts display manufacturing unit From China to Noida.
    • Hindustan Unilever sets up a new fully owned subsidiary Unilever India Ltd.
    • TikTok , WeChat ban lifted, Biden signs new orders to shield US
    • ZEE5 forays into the US market.
    • Google announces ₹113 crore grant to set up 80 oxygen plants, upskill rural health workers in India.
    • Global economy expected to expand 5.6% in 2021, India’s FY22 GDP seen at 8.3% : World Bank.
    • Kerala retains top rank in ‘ Niti Aayog’s Sustainable Development Goals (SDG) India Index 2020 21.
    • Amitabh Kant gets one year extension up to June 2022 as CEO Niti Aayog.
    • Raghuram Rajan, Esther Duflo , Dr Arvind Subramanian among 5 named in Tamil Nadu Economic council.
    • Microsoft names CEO Satya Nadella as Chairman.
    • Guenter Butschek to step down as Tata Motors CEO & MD on June 30.
    • Warren Buffett resigns from Gates Foundation board; donates $4.1 billion.

     

    Q4 Results

    • PNB posts ₹586 crore profit in Q4; NII jumps over 48% to ₹6,937 crore, GNPA lower at 14.12%.
    • Ashok Leyland Q4 profit soars 550% to ₹377 crore, FY21 loss stands at ₹70 crore.
    • ITC Q4 Net profit falls 1.3% YoY to ₹3,748 crore, revenue up nearly 25% at ₹13,294 crore.
    • ONGC reports Q4 profit at ₹6,734 crore, realisation increases 18.4%, revenue decline 1% to ₹21,189 crore.
    • IndiGo Q4 net loss expands to ₹1,147 crore, revenue dropped 25% to ₹6,222 crore.
    WORLD INDICES
    Indices 30-Jun 31-May %1M 01-Jan % since Jan
    BSE 52483 51937 1.05% 41306 27.06%
    NSE 15722 15583 0.89% 12183 29.05%
    DOW 34503 34529 -0.08% 28538 20.90%
    NASDAQ 14504 13749 5.49% 8973 61.65%
    FTSE 7037 7023 0.21% 7542 -6.70%
    Nikkei 28792 28860 -0.24% 23657 21.71%
    Hang Seng 28828 29152 -1.11% 28190 2.26%
    Straits Times 3247 3164 2.62% 3223 0.76%
    Shanghai 3591 3615 -0.67% 3050 17.74%
    USD 74.33 72.61 2.36% 71.22 4.36%
    Euro 88.29 88.82 -0.59% 79.94 10.46%
    GBP 102.84 103.42 -0.56% 94.36 8.99%
    Yen/100INR 0.67 0.66 1.22% 0.66 2.49%
    Gold 46831 48791 -4.02% 39067 19.87%
    Silver 68080 72574 -6.19% 46665 45.89%
    Crude Brent$ 75.13 70.21 7.01% 66.29 13.34%
    Crude Nymex $ 73.72 67.73 8.84% 61.30 20.26%
    NIFTY SECTORAL INDICES
    Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
    30-Jun 34772 29168 10600 36093 14309
    31-May 35527 27115 10492 35243 14052
    % 1M -2.12% 7.57% 1.03% 2.41% 1.83%
    01-Jan 32103 15722 8210 30234 8047
    % since Jan 8.31% 85.52% 29.11% 19.38% 77.81%

    INDIAN TRADE(USD MILLION)
    Exports 32270
    Imports 38550
    FDI 2837
    Government Bond 10Y 6.05%
    GDP YoY 1.60%
    Inflation Rate 6.30%
    Forex Reserves $ M 603930
    IIP % (13.00%)
    INSTITUTIONAL TRADING ACTIVITY
    Particulars FII (Rs. crore) MF (Rs. crore)
    Equity 11,372 (1,120)
    Debt (4,465) 4,714
    Total 1 M 6,907 3,593
    Total Since Jan 43,356 41,445
    Equity 61,392 (21,838)
    Debt (18,036) 63,282

    General News

    • Assembly Elections: Mamata Banerjee, M K Stalin, Pinarayi Vijayan take oath as Chief Ministers of West Bengal, Tamil Nadu and Kerala respectively.
    • BJP-led NDA retains power with majority in Assam; Himanta Biswa Sarma takes oath as CM of Assam.
    • N Rangasamy sworn in as Chief Minister of first NDA govt in Puducherry.
    • India COVID tally crosses 28 million, 213 million vaccine doses administered; recovery rate at 92.07%.
    • Global Coronavirus caseload tops 171 million; US leads the global tally with 34 million cases.
    • Govt announces pension scheme, insurance cover to support COVID-19 victims’ dependents.
    • Centre and States provide financial aid, education to children orphaned by COVID.
    • Centre directs States to notify black fungus or mucormycosis as an epidemic.
    • States imposes fresh restrictions to Curb COVID; essential services exempted.
    • Plasma therapy dropped from India’s corona treatment protocol: ICMR.
    • DRDO’s anti-COVID drug 2-DG launched; to be available at hospitals from June, price fixed at ₹990/sachet.
    • Serum Institute to produce 10 crore doses by August, Bharat Biotech promises 7.8 crore jabs.
    • SC constitutes 12-member National Task Force to facilitate public health response to COVID crisis.
    • Many States declare journalists ‘frontline workers’, to vaccinate them on priority.
    • S Jaishankar meets UN Chief Antonio Guterres; discuss ramping up global vaccine supply and production.
    • S Jaishankar holds talks with US NSA Jake Sullivan on trade, Quad, vaccines, Indo-pacific.
    • India, UK agree on co-production of military hardware; technology collaboration for combat aircraft.
    • Jaishankar meets Canadian counterpart; discusses Indo-Pacific strategy at India-France-Australia meet.
    • India, EU discuss COVID Health Care cooperation, strengthening of Indo-EU partnership.
    • PM Modi discusses positive outcomes of India-EU Leaders’ meet with French President Macron on phone.
    • India, New Zealand call for rules-based international order and free, open & inclusive Indo-Pacific region.
    • India and Israel sign 3 year work program to train farmers and modernize agriculture.
    • Calcutta HC orders house arrest of 4 leaders held in Narada sting case; grants interim bail.
    • SC strikes down Maratha community reservation in education, jobs exceeding 50%.
    • Engineering, other technical institutes to begin classes by September 15: AICTE.
    • Tribal Affairs Ministry & Microsoft sign MoU for digital transformation of Tribal Schools.
    • Centre grants one-year extension of tenure to chiefs of Intelligence Bureau, R&AW.
    • Subodh Kumar Jaiswal, former Maharashtra DGP, appointed CBI director for 2 years.
    • Telangana signs MoU with NHA for implementing Ayushman Bharat.
    • Cyclone Tauktae, the biggest to hit the region in decades, makes landfall in Gujarat.
    • Cyclone Yaas makes landfall in Balasore, triggers heavy damage
    • WHO approves Moderna, Sinopharm COVID-19 vaccines for emergency use in all countries.
    • WHO classifies B1617 COVID-19 variant, first identified in India, as variant of global concern.
    • Nepal President announces mid-term polls in November as parties fail to stake claim to form govt.
    • BRICS agrees to devise framework for social security agreement.
    • Singapore shuts schools as new Coronavirus strain affects more children.
    • US President Biden proposes $6 trillion budget to boost infrastructure, education and climate.
    • Biden raises US refugee admissions cap to 62,500 after delay sparks anger.
    • Pentagon cancels Trump’s Mexico wall projects using military funds.
    • European Commission calls on EU member states to temporarily restrict travel from India.
    • EU signs third contract with BioNTech-Pfizer for 1.8 billion vaccine doses.
    • Xi and Putin jointly launch construction of new reactors in joint nuclear energy project.
    • China builds key highway through Brahmaputra Canyon in Tibet close to Arunachal Pradesh border.
    • Russia approves single-dose version of Sputnik V vaccine – Sputnik Light.
    • Australia resumes repatriation flights from India for stranded citizens.
    • Myanmar’s Aung San Suu Kyi appears in court in person for first time since coup.
    • Syria President Bashar Assad re-elected for fourth time with 95% of votes.
    • Israel, Hamas agree to ceasefire to end 11 days of deadly fighting.
    • Japan to extend Coronavirus emergency in Tokyo until month before Olympics.
    • Pfzier and BioNTech to donate COVID-19 vaccines for Olympic athletes: International Olympic Committee.
    • IPL 2021 suspended after players test positive for COVID; remainder to be held in UAE in Sep-Oct.
    • India retain top spot in ICC Test team rankings, second place in the ICC T20, drops to 3rd in ODI chart .
    • Indian Women’s tour of England: Mithali Raj will lead the side in the Test and ODIs.
    • Ashes 2021-22 to start on December 9; Perth set to host final Test.
    • Asian Boxing Championships: Pooja Rani bags gold; Mary Kom, Lalbuatsaihi and Anupama settle for Silver.
    • Rafael Nadal beats Novak Djokovic to win 10th Italian Open title.

     

    Business News

    • GST Council exempts import duty on COVID-19 related supplies till Aug 31.
    • IGST on import of COVID related medical supplies waived off; IGST on oxygen concentrators for personal use slashed to 12%.
    • Centre to borrow additional ₹1.58 lakh crore to make up for GST compensation shortfall.
    • Union Food Processing Ministry sets a target of 13,000 mini food parks in Assam.
    • Pollution control body asks 30 industries to modify nitrogen plants for medical oxygen.
    • State-run oil companies to set up 100 oxygen generation plants at hospitals.
    • Govt makes vehicle location tracking devices mandatory for oxygen containers; exempts toll fee.
    • Road ministry notifies changes in motor vehicle rules on vehicle ownership transfer.
    • Centre releases first instalment of ₹8,873.6 crore under State Disaster Response Fund to states.
    • Centre releases over ₹8,923 crore to 25 States for providing grants to Rural Local Bodies.
    • Indian Railways crosses milestone of delivering over 20,000 MT oxygen.
    • PM releases eighth instalment worth over ₹20,000 crore to 9.5 crore farmers under PM-KISAN scheme.
    • Special Window for Affordable & Mid-Income Housing fund completes its first residential project,.
    • Cabinet approves ₹18,000 crore PLI scheme for battery storage manufacturing.
    • DGCA extends suspension of scheduled international passenger flights till 30th June.
    • Civil Aviation Ministry cuts airline capacity to 50% from June 1.
    • Govt hikes DAP fertiliser subsidy by 140%, to spend additional ₹14,775 crore.
    • Govt extends deadline for mandatory hallmarking of gold jewellery till June 15.
    • Govt extends FY21 ITR filing deadline for individuals till September 30.
    • RBI unveils liquidity support measures; allots ₹50,000 crore for COVID-related healthcare infrastructure
    • RBI offers fresh loan moratorium to Individual, small borrowers having loans up to ₹25 crore.
    • RBI approves transfer of ₹99,122 crore surplus to Centre for 9 months ended in March.
    • RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks.
    • Govt garners ₹4,000 crore via 1.95% stake sale in Axis Bank.
    • Bank of Baroda sanctions ₹500 crore to Serum Institute under RBI’s ₹50,000 crore liquidity facility.
    • Axis Bank, Anchor investor Bay Tree India cur their stakes in Yes Bank.
    • Govt notifies final rules for 74% foreign investment in insurance sector.
    • Indiabulls Housing Fin sells MF business to Groww for ₹175 crore.
    • IMF unveils $50 billion proposal to vaccinate 40% of entire population by 2021-end.
    • Roche launches COVID-19 ‘Antibody Cocktail’ in India at ₹59,750 per dose; Cipla to market drug in country.
    • Govt rejects Serum Institute of India’s request to export 50 lakh doses of Covishield vaccine to UK.
    • Russian Direct Investment Fund, Panacea Biotec launch production of Sputnik V vaccine in India.
    • Apollo Hospitals, Dr Reddy’s announce Covid-19 vaccination programme with Sputnik V.
    • Shilpa Medicare arm inks pact with Dr Reddy’s to manufacture Sputnik V vaccine.
    • Pfizer, Moderna, J&J pledge 1.3 billion doses of Covid-19 vaccines to less wealthy nations.
    • China’s Fosun Pharma signs deal for 1 billion vaccines with BioNTech.
    • Moderna inks deal with UN’s GAVI to supply 500 million doses to low and middle-income countries.
    • India, UK unveil 10-year road map to elevate bilateral trade partnership; to enhance vaccine partnership .
    • US, Pakistan agree to continue Trade and Investment Framework (TIFA) agreement dialogue.China bans financial, payment institutions from cryptocurrency business.
    • Cairn Energy sues Air India in U.S. court to enforce $1.2 billion arbitration award.
    • Mehul Choksi arrested in Dominica; India sends private jet to Dominica carrying deportation documents.
    • Vijay Mallya loses bankruptcy petition amendment High Court battle in UK.
    • Hyundai, Kia shut down facilities in home base in the wake of the predicted semiconductor turmoil.
    • Renault-Nissan, Hyundai face temporary closures in Chennai over workers’ COVID fears.
    • Govt approves 13 5G trial applications with no Chinese Vendors.
    • Rajasthan Govt approves Saint Gobain’s ₹1200 crore investment plan in State.
    • Infosys partners with Majesco to accelerate digital experience for insurers.
    • HCL Tech to expand investment in UK, hire 1,000 technology professionals.
    • Google unveils new AI model LaMDA, to aid natural conversations with machines.
    • HCL Tech enters into multi-year contract with Hitachi ABB Power Grids for business transformation.
    • Zensar Technologies signs agreement to acquire US based data engineering firm M3bi.
    • L&T Technology, Intel Corp develop AI-based outdoor parking solution.
    • US removes Xiaomi from government blacklist, parties to resolve litigation.
    • Amazon buys Hollywood studio MGM in $8.45 billion deal.
    • Boeing wins approval for 737 Max electrical fix, notifies airlines.
    • Ransomware attack shuts down network of top US fuel pipeline operator, Colonial Pipeline.
    • Supreme Court defers hearing for July 6 on plea alleging IT Rules violation by Twitter.
    • Twitter buys Scroll and its Ad-free news app with aim to bolster upcoming subscription service.
    • Tata Digital buys majority stake of 64.3% worth $1.31 billion in online grocer BigBasket.
    • Pharmeasy buys Medlife, creates India’s largest online pharmacy.
    • NPCI partners Turkish firm PayCore to develop softPoS solutions for RuPay.
    • KKR invests $95 million in Lenskart, TPG and TR Capital to partially exit.
    • Edtech startup upGrad acquires Impartus, commits ₹150 crore for growth.
    • India, China, South Africa fared ‘relatively better’ than other major economies in Q1 of 2021: UN data.
    • Unemployment in urban areas surges to 10-month high of 11.72% amid lockdowns: CMIE.
    • Govt names T Rabi Sankar as Deputy Governor of RBI; Jose Kattoor appointed as Executive Director.
    • ByteDance founder Zhang Yiming to step down as CEO by end of 2021, HR Chief Liang Rubo to take over.

     

    Q4 Results

    • SBI net profit jumps 80% YoY to ₹6,451 crore, NII up by 19% to ₹27,067 crore; to pay ₹4/share as dividend.
    • Kotak Mahindra Bank net profit rises 33% YoY to ₹1,682 crore, GNPA improves to 3.27%, NNPA at 1.21%.
    • YES Bank Q4 Net loss widens to ₹3,788 crore, provisions rose 7.5% YoY to ₹5,240 crore.
    • HDFC Q4 profit rises 8.7% QoQ to ₹3,180 crore, NII fell 0.1%; to pay ₹23 as dividend.
    • M&M posts profit of ₹163 crore, revenue up 48% YoY to ₹13,338 crore; to pay dividend of ₹8.75 /share.
    • RIL Q4 profit more than doubles to ₹13,227 crore, firm posts record annual profit of ₹53,739 crore.
    • Jio registers 36.3% YoY increase in EBITDA to ₹8,573 crore; Average revenue per user drops to ₹138.2.
    • Bharti Airtel reports Q4 net profit of ₹759.2 crore, revenue rises 12% to ₹25,747 crore.
    • Sun Pharma Q4 net profit rises 123% YoY to ₹894 crore, revenue rose 4% YoY to ₹8,523 crore.
    • Dr Reddy’s Labs profit falls 28% to ₹554 crore, revenue up by 7% YoY to ₹4,728 crore, to pay ₹25 dividend.
    • Tata Motors loss narrows to ₹7,604 crore due to JLR write-offs, revenue up 42% YoY to ₹88,628 crore.
    WORLD INDICES
    Indices 30-Apr 31-Mar %1M 01-Jan % since Jan
    BSE 51937 48782 6.47% 41306 25.74%
    NSE 15583 14631 6.50% 12183 27.91%
    DOW 34529 33875 1.93% 28538 20.99%
    NASDAQ 13749 13963 -1.53% 8973 53.23%
    FTSE 7023 6970 0.76% 7542 -6.89%
    Nikkei 28860 28813 0.16% 23657 22.00%
    Hang Seng 29152 28725 1.49% 28190 3.41%
    Straits Times 3164 3218 -1.68% 3223 -1.82%
    Shanghai 3615 3447 4.89% 3050 18.54%
    USD 72.61 74.06 -1.96% 71.22 1.95%
    Euro 88.82 89.04 -0.24% 79.94 11.11%
    GBP 103.42 102.34 1.06% 94.36 9.60%
    Yen/100INR 0.66 0.68 -2.11% 0.66 1.25%
    Gold 48791 46785 4.29% 39067 24.89%
    Silver 72574 67492 7.53% 46665 55.52%
    Crude Brent $ 70.21 67.25 4.40% 66.29 5.91%
    Crude Nymex $ 67.73 63.58 6.53% 61.30 10.49%
    NIFTY SECTORAL INDICES
    Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
    31-May 35527 27115 10492 35243 14052
    30-Apr 32782 25664 9641 33623 13469
    % 1M 8.37% 5.65% 8.83% 4.82% 4.32%
    01-Jan 32103 15722 8210 30234 8047
    % since Jan 10.66% 72.46% 27.79% 16.57% 74.62%

    INDIAN TRADE(USD MILLION)
    Exports 30630
    Imports 45720
    FDI 1971
    Government Bond 10Y 6.02%
    GDP YoY 1.60%
    Inflation Rate 4.29%
    Forex Reserves $ M 592894
    IIP % 10.60%
    INSTITUTIONAL TRADING ACTIVITY
    Particulars FII (Rs. crore) MF (Rs. crore)
    Equity 197 254
    Debt (801) 5,539
    Total 1 M (605) 5,793
    Total Since Jan 31,820 40,154
    Equity 44,856 (20,622)
    Debt (13,036) 60,776