May 3, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 595

General News

  • India COVID tally crosses 19.1 million with over 2 million deaths; recovery rate stands at 81.84%.
  • Global Coronavirus caseload tops 152 million; US leads the global tally with 33 million cases.
  • 15.22 crore vaccine doses administered; more than 1.28 crore doses administered Tika Utsav.
  • States to set up Containment & micro Containment Zones; to ramp up tests to break transmission chain.
  • Centre says national directives for COVID-19 management will continue throughout country till 31st May.
  • Several states impose lockdown, night curfew to curb Covid surge.
  • All Centrally protected monuments, sites & museums under ASI closed till May 15.
  • Centre imports 20 cryogenic tankers, allocates them to states to address shortage of oxygen tankers.
  • India to import 4.50 lakh vials of Remdesivir; first consignment to arrive today.
  • Oxygen Expresses delivers cumulative 510 metric tonnes of oxygen to UP, Maharashtra, Delhi and MP.
  • Over 40 countries offered assistance to India to fight COVID-19.
  • Assembly elections: West Bengal records 81.76% voter turnout; 72.81% in Tamil Nadu; 81.88% in Puducherry, 74.57% in Kerala, 82.04% in Assam.
  • Election Commissioner Sushil Chandra set to become the next CEC.
  • PM Modi, Seychelles President Ramkalawan jointly inaugurate several Indian projects in Seychelles.
  • India, France and Australia hold trilateral talks.
  • UK PM Boris Johnson cancels delayed visit to India; Britain adds India to COVID-19 travel ‘red list’.
  • S Jaishankar holds delegation-level talks with his Russian and UAE counterparts.
  • India urges G20 members to ensure equitable access, widespread distribution of vaccines.
  • World Banks approves $32 million project to improve health services in Mizoram.
  • IAF Chief RKS Bhadauria flags off four Rafale aircraft for India in France.
  • India, China agree to maintain stability on ground; avoid new incidents in eastern Ladakh.
  • DRDO develops advanced technology to safeguard Indian Navy ships from enemy missiles.
  • ISRO, French space agency to share expertise on human spaceflight.
  • Education Minister Ramesh Pokhriyal Nishank launches SARTHAQ initiative for implementation of NEP.
  • Govt releases ₹4,000 crore for Post Matric Scholarship Scheme for Scheduled Castes.
  • CBSE, ICSE Class 10 board exams cancelled, Class 12 Board exams postponed.
  • JEE Main April 2021 postponed, revised dates to be announced later.
  • Monsoon rains in India to remain ‘normal’ for third year: IMD.
  • Government simplifies process for re-issuance of Overseas Citizen of India (OCI) cards.
  • Justice NV Ramana formally appointed as next CJI, to assume charge on April 24.
  • President Biden unveils $2 trillion package to overhaul American physical infrastructure.
  • US announces all US and NATO troops to leave Afghanistan by September 11; begins withdrawal.
  • US Presidential Elections: US imposes sanctions on Russia; Moscow vows retaliation.
  • US issues Level 4 health alert, asks its citizens to leave India in view of the escalating COVID-19 pandemic.
  • China, U.S. agree to tackle climate crisis with urgency.
  • Biden, Japan’s Suga commit to work together to meet China challenge.
  • Boris Johnson gives go-ahead to next stage of England’s lockdown easing from April 12.
  • Twice weekly rapid COVID-19 tests to be rolled out for all in England.
  • Japan to expand emergency measures as needed amid fears of new COVID strains.
  • Russia’s Putin signs law that could keep him in power until 2036.
  • Chinese defence minister calls on Sri Lankan President Gotabaya Rajapaksa; discusses steps to boost bilateral ties.
  • Blackout hits Natanz Atomic site, Iran describes it as nuclear terrorism.
  • Prince Philip, husband of Britain’s Queen Elizabeth II, dies at 99.
  • Myanmar unity government says it must be part of any ASEAN bid to end crisis.
  • Lloyd Austin makes first Israel visit by Joe Biden official, Iran on the agenda.
  • Pakistan govt bans Tehreek-e-Labbaik Pakistan (TLP) amid violent anti-France protests.
  • French embassy asks all its nationals, companies to leave Pakistan amid security threats.
  • NASA’s Mars helicopter takes flight, first powered flight on another planet.
  • IPL 2021: Chennai Super Kings (CSK) strengthened their position at the top spot in points table.
  • Pakistan’s Babar Azam dethrones Kohli after over 3-Year-long reign on Top of ODI Rankings for batsmen.
  • French Open postponed to May 30 amid COVID-19 crisis.
  • Tokyo Olympics: IOC push ahead with plans to open Tokyo Olympics during state of emergency.
  • Asian Wrestling Championships 2021: India finishes 3rd with 14 medals including 5 Gold, 3 silver, 6 bronze.

 

Business News

  • RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%; projects GDP growth of 10.5% for FY22.
  • Paytm, wallet accounts limit raised to ₹2 lakh; opens RTGS, NEFT connectivity with payment operators.
  • RBI caps bank CEO tenure at 15 years, policy to be effective Oct 1.
  • RBI issues guidelines for appointment of statutory auditors of banks, NBFCs.
  • PLI Scheme: Cabinet okays ₹10,900 crore for food processing, ₹6,238 crore for solar modules, white goods.
  • Centre releases ₹4,608 crore to States for providing grant-in-aid to local bodies.
  • Govt to inject $2 billion capital in four weakened state banks.
  • Piyush Goyal launches Startup India Seed Fund Scheme to create a robust startup ecosystem in the country.
  • PM Modi meets pharma leaders, urges industry to ensure seamless supply of medicines.
  • Govt to provide ₹4,500 crore booster to vaccine manufacturers for ramping up capacity.
  • Supreme Court allows Vedanta to produce oxygen at Sterlite plant in Tamil Nadu.
  • Centre bans supply of oxygen to industries to meet demand from COVID-19 patients.
  • Indian Railways runs Oxygen Express trains to transport oxygen to states facing shortage.
  • Major ports waive-off all charges for ships carrying oxygen and oxygen related equipment cargo.
  • Railways converts more than 4,000 train coaches as COVID care-cum-isolation facility amid virus surge.
  • Centre bans export of Remdesivir & its active ingredients till COVID situation improves in country.
  • SII fixes price of covid vaccine Covishield at ₹600 per dose for private hospitals and ₹300 per jab for states.
  • Bharat Biotech fixes price of Covaxin at ₹400 per dose for states, ₹1,200 for private hospitals.
  • India indefinitely puts on hold AstraZeneca’s vaccine shipment to Canada.
  • Panacea Biotec to produce 100 million doses of Sputnik V vaccine in India.
  • US govt lifts export ban on essential raw materials required for manufacturing COVID vaccine in India.
  • Sputnik V gets emergency use authorisation in India; to produce 850 million doses annually.
  • Govt waives off import duty on Remdesivir to provide affordable medical care to Corona patients.
  • Government amends insolvency law; introduces pre-packaged resolution process for MSMEs.
  • Direct tax collection up 5% in FY21 at ₹9.45 lakh crore; refunds at ₹2.61 lakh crore.
  • CBDT notifies new income tax return forms for AY 2021-22.
  • Govt extends deadline for making payment under Vivad Se Vishwas scheme till June 30.
  • ICICI Bank, Axis Bank to co-lead New Umbrella Entity (NUE) with Amazon, Visa as partners.
  • Axis Bank to sell 100% stake in UK subsidiary to OpenPayd.
  • HDFC Bank provides ₹500 crore to refund interest-on-interest on moratorium loans.
  • Citi group, South Africa’s second largest bank – FirstRand Bank to exit retail banking business in India.
  • IRDAI asks hospitals to provide cashless treatment for COVID-19 to policyholders.
  • LIC earns ₹1.84 trillion in new premium in FY21, pays ₹1.34 trillion as claims last fiscal.
  • Barbeque Nation, Macrotech Developers debuts in stock market.
  • UK Home Minister Priti Patel approves extradition of Nirav Modi to India.
  • SC stays further proceedings in Amazon-Future-Reliance case.
  • KV Kamath committee clears Future Retail, Future Enterprises debt recast plans.
  • PV retail sales rise 28%, two-wheeler registrations dip 35% in March: FADA.
  • Mahindra joins hands with CERO to offer vehicle scrapping services for its customers.
  • Swift dethrones the Alto as India’s largest selling passenger vehicle in FY21.
  • Hyundai India achieves 1-million cumulative SUV sales in domestic, export markets.
  • US auto industry calls for government help as it warns of impact of chip shortage.
  • Toyota acquires US-based Lyft’s autonomous car division for $550 million.
  • Hero MotoCorp ties up with Taiwan’s Gogoro to develop EVs; to establish battery swapping JV.
  • Air France gets EU green light for €4 billion aid.
  • Airlines ground some 737 Max jets after Boeing discloses electrical problem.
  • Airbus and Dassault reach tentative deal on FCAS fighter.
  • OPEC and allies agree to gradually boost crude oil output from May to July.
  • Saudi Aramco agrees $12.4 billion deal to sell 49% stake in pipelines to U.S’ EIG Global Energy Partners.
  • Cairn Energy offers to forego $500 million if India agrees to pay principal due.
  • HCL Tech signs a multi-million dollar digital transformation and hybrid cloud contract with UD Trucks.
  • Microsoft makes its second biggest acquisition, buys AI speech tech company Nuance for $19.7 billion.
  • Dixon, Bharti Enterprises to form JV for manufacturing telecom products.
  • Agriculture Ministry signs MoU with Microsoft for a pilot project in 100 villages to raise farmers income.
  • LG becomes first major smartphone brand to withdraw from market due to losses.
  • China’s Ant to become financial holding firm under enforced revamp.
  • Reliance Retail extends deadline to complete ₹24,713 crore deal with Future Group.
  • Amazon announces $250 million-fund for small and medium businesses in India.
  • Flipkart, Mahindra Logistics join hands to accelerate use of EVs in last mile delivery.
  • Softbank Group to invest $450 million in Swiggy at $5.5 billion value.
  • Flipkart acquires Covid-hit travel booking portal Cleartrip.
  • Byju’s acquires Aakash Educational Services; raises $150 million from UBS.
  • Saregama inks global music licensing deal with short video platform Triller.
  • Sony Pictures, Netflix sign exclusive streaming deal.
  • Tarun Bajaj made new Revenue Secretary, Ajay Seth Economic Affairs Secretary.
  • Expenditure secretary T V Somanathan appointed finance secretary in place of Ajay Bhushan Pandey.
  • Bajaj Auto names Rahul Bajaj as Chairman Emeritus; Niraj Bajaj to take over as Chairman.
  • NASSCOM appoints Accenture’s Rekha Menon as Chairperson.

 

Q4 Results

  • HDFC Bank Q4 profit rises 18% to ₹8,186 crores; NII rose 12% YoY, GNPA rose 1.32%, NNPA stood at 0.40%.
  • ICICI Bank Q4 profit spikes 261% YoY to ₹4,403 crore, NII grows 17%, NNPA stood at 1.1%.
  • Axis Bank posts Q4 profit at ₹2,677 crore as provisions dip, NII grew 11% YOY to ₹7,555 crore.
  • IndusInd Bank Q4 net profit jumps over two-fold to ₹876 crore, provisions fall 24%.
  • Yes Bank Q4 net loss widens marginally to 3,788 crore.
  • RIL Q4 Consolidated PAT jumps 129% YoY to Rs 14,995 crore; firm to pay ₹7 dividend.
  • TCS Q4 net profit jumps 15% to ₹9,246 crore; revenue at ₹ 43,705 crore.
  • Infosys net profit rises 17.5% YoY to ₹5,076 crore in Q4, announces ₹9,200 crore buyback.
  • Wipro posts 27.7% YoY increase in Q4 net profit to ₹2,972 crore, revenue up at ₹16,245 crore.
  • HCL Tech Q4 Net profit down 26% QoQ at ₹2,962 crore, revenue grew 1.8% to ₹19,642 crore.
  • Tech Mahindra Q4 profit falls 17.4% QoQ to ₹1,081.4 crore, revenue up 0.9% at ₹9,729.9 crore.
  • TVS Motor posts three-fold increase in Q4 net profit at ₹289 crore in Q4 FY21.
  • Nestle India reports 14.6% jump in Q4 profit at ₹602 crore, revenue up 8.5% at ₹3610.82 crore.
  • HUL Q4 profit up to ₹2,143 crore, revenue rises 35% to ₹12,132 crore; announces dividend of ₹17/ share.
WORLD INDICES
Indices 30-Apr 31-Mar %1M 01-Jan % since Jan
BSE 48782 49509 -1.47% 41306 18.10%
NSE 14631 14691 -0.41% 12183 20.10%
DOW 33875 32982 2.71% 28538 18.70%
NASDAQ 13963 13247 5.41% 8973 55.62%
FTSE 6970 6714 3.82% 7542 -7.59%
Nikkei 28813 29179 -1.25% 23657 21.80%
Hang Seng 28725 28378 1.22% 28190 1.90%
Straits Times 3218 3165 1.67% 3223 -0.14%
Shanghai 3447 3442 0.14% 3050 13.01%
USD 74.06 73.11 1.31% 71.22 3.98%
Euro 89.04 85.73 3.85% 79.94 11.38%
GBP 102.34 100.78 1.54% 94.36 8.45%
Yen/100INR 0.68 0.66 2.54% 0.66 3.43%
Gold 46785 44510 5.11% 39067 19.76%
Silver 67492 63576 6.16% 46665 44.63%
Crude Brent $ 67.25 63.54 5.84% 66.29 1.45%
Crude Nymex $ 63.58 59.39 7.06% 61.30 3.72%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
30-Apr 32782 25664 9641 33623 13469
31-Mar 33304 25855 9862 34932 12273
% 1M -1.57% -0.74% -2.25% -3.75% 9.75%
01-Jan 32103 15722 8210 30234 8047
% since Jan 2.11% 63.24% 17.43% 11.21% 67.38%

INDIAN TRADE(USD MILLION)
Exports 34450
Imports 48380
FDI 3520
Government Bond 10Y 6.03%
GDP YoY 0.40%
Inflation Rate 5.52%
Forex Reserves $ M 584110
IIP % (5.00%)
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity (4,850) 5,447
Debt 3,438 20,112
Total 1 M (1,412) 25,558
Total Since Jan 50,033 14,142
Equity 61,048 (24,864)
Debt (11,015) 39,007

Sorry, the comment form is closed at this time.