May 2, 2023 by BizWhiz Admin in Uncategorized 0 comments 83

General News

  • Budget session ends amid protests; 34% productivity recorded in Lok Sabha, 24.4% in Rajya Sabha.
  • Cabinet approves Indian Space Policy 2023 to enhance role of Dept of Space, boost ISRO’s activities.
  • Rajnath Singh chairs SCO defence ministers’ meeting; Pakistan defence minister participates virtually.
  • India records defence exports worth ₹15,920 crore in 2022-23.
  • India, Canada agree to work on making defence an important pillar of bilateral relationship.
  • India rejects China’s move to assign invented names of several places in Arunachal Pradesh.
  • India, China agree to maintain security and stability in eastern Ladakh after 18th round of talks.
  • 5 Jawans dead after Army vehicle catches fire in J&K’s Poonch; Indian Army confirms terror attack.
  • President Droupadi Murmu takes maiden sortie in fighter jet in Assam’s Tezpur.
  • India launches Operation Kaveri to evacuate its nationals from Sudan.
  • PM Modi holds talks with Bhutanese King Jigme Khesar Namgyel Wangchuck; focus on bilateral ties.
  • External Affairs Minister S. Jaishankar embarks on visit to Uganda and Mozambique.
  • Ukrainian Minister Emine Dzhaparova visits India amid Russia-Ukraine War.
  • Russian Deputy PM Denis Manturov arrives in India for two-day visit.
  • India’s population surpasses China’s, shifting the World’s ‘Center of Gravity’.
  • Rozgar Mela: PM Modi distributes appointment letters to 71,000 new govt recruits.
  • PM Modi inaugurates Northeast’s first AIIMS in Guwahati.
  • PM Modi inaugurates, lays foundation stones of various projects worth over ₹11,000 crore in Telangana.
  • PM Modi flags off Vande Bharat train, inaugurates water metro project in Kerala.
  • Tamil Nadu assembly passes resolution seeking time frame for governors to approve bills.
  • Second phase of caste-based census survey begins in Bihar.
  • Assam, Arunachal Pradesh ink MoU ending decades-long border dispute in presence of Amit Shah.
  • Health Minister Mansukh Mandaviya holds COVID-19 review meeting with health ministers of States/UTs.
  • Nationwide mock drill conducted across all hospitals to review preparedness of COVID management.
  • President Droupadi Murmu conferred Padma awards for 2023 at the second Civil Investiture Ceremony.
  • Nitish Kumar meets Mallikarjun Kharge, Rahul Gandhi; hold talks with Mamata Banerjee, Akhilesh Yadav.
  • ISRO successfully conducts ‘Reusable Launch Vehicle’ test from Karnataka.
  • ISRO’s PSLV-C55/TeLEOS-2 with two Singaporean satellites lifts off from Sriharikota.
  • EC grants national party status to AAP; withdraws national tag of Trinamool Congress, CPI, NCP.
  • AAP’s Shelly Oberoi wins Delhi Mayoral election unopposed after BJP withdraws from contest.
  • Former Andhra CM Kiran Kumar Reddy, Veteran Congress leader AK Antony’s son Anil Antony join BJP.
  • Former Karnataka CM Jagadish Shettar joins Congress.
  • Mann ki Baat completes 100 episodes, thousands tune in to celebrate milestone.
  • Shiromani Akali Dal patriarch and five-time Punjab CM Parkash Singh Badal, dies at 95.
  • Supreme Court junks plea filed by 14 parties over ‘misuse of central probe agencies’.
  • SC directs states, UTs to register cases against those making hate speeches even in absence of complaint.
  • SC calls Karnataka govt’s move to scrap 4% Muslim quota ‘flawed’.
  • Surat court rejects Rahul Gandhi’s plea for stay on conviction in criminal defamation case.
  • Govt publishes report on India’s first-ever census of water bodies; 97% of total waterbodies in rural areas.
  • Countries rush to evacuate their citizens from Sudan as clashes between army, paramilitary intensifies.
  • Russia takes over the presidency of the UN Security Council.
  • Finland joins NATO as Russian war prompts shift.
  • NATO chief Jens Stoltenberg visits Kyiv for first time since Russian invasion.
  • France’s Macron meets China’s Xi as EU leaders begin Beijing talks.
  • China vows not to sell arms to any party in Ukraine war.
  • China backs Putin’s new foreign policy; says ready to boost ties with Russia, India.
  • US, South Korea announce agreement to deter N Korea, including deploying nuclear-armed submarine.
  • China, Russia sign memorandum of understanding on maritime law enforcement.
  • France’s Macron signs pension reform into law despite protests.
  • UK Deputy PM Dominic Raab resigns over probe into bullying allegations.
  • Japan and China hold maritime talks as Beijing simulates attack on Taiwan.
  • South Korea, U.S., Japan hold anti-North Korea submarine drill.
  • Sri Lanka’s local body polls formally postponed indefinitely due to non-availability of funds.
  • Finland PM Sanna Marin defeated as party pushed to 3rd place, Conservatives win by thin margin.
  • Sports ministry asks IOA to form ad-hoc panel to run WFI, scraps May 7 polls.
  • SC notice to Delhi Police on wrestlers’ plea seeking FIR against WFI ex-chief.
  • IPL 2023: Gujarat Titans tops the table followed by Lucknow Super Giants and Rajasthan Royals.
  • MS Dhoni becomes 1st wicket-keeper to complete 200 dismissals in IPL history.
  • Australia announces 17 members squad for World Test Championship final.
  • Gates named after Sachin Tendulkar, Brian Lara unveiled at Sydney Cricket Ground.
  • PV Sindhu finishes runner-up at Madrid Spain Masters.


Business News

  • RBI keeps repo rate unchanged at 6.5%, core inflation remains ‘sticky’.
  • RBI allows UPI to be linked to credit Line pre-sanctioned by Banks.
  • GST mop up soars to ₹1.6 lakh crore in March and ₹18 lakh crore in FY23.
  • Centre releases new rules for online gaming; puts ban on betting.
  • Cabinet clears ₹6,000 crore National Quantum Mission to boost research in quantum technology.
  • Cabinet approves Cinematograph Amendment Bill 2023, aims to tackle problem of film piracy.
  • MeitY proposes rules to enable Aadhaar authentication by entities other than govt.
  • India and Malaysia announce trade in Indian Rupees.
  • Nirmala Sitharaman, Janet Yellen discuss strengthening India-US economic and financial partnership.
  • Ashwini Vaishnaw dedicates 254 4G mobile towers to Nation in Arunachal Pradesh.
  • Govt extends mandatory fitness testing of heavy goods, passenger vehicles till October 2024.
  • India signs deals with EU for cooperation in aviation safety, air traffic control.
  • Civil Aviation Ministry launches UDAN 5.0 to further enhance connectivity to remote areas.
  • Govt extends export curbs on gasoline, diesel to ensure availability.
  • Centre re-introduces windfall tax on crude oil at ₹6,400, eliminates diesel export duty.
  • Govt unveils plans to add 250GW renewable energy capacity in next five years.
  • India, Japan and France launch common platform for Sri Lankan debt restructuring programme.
  • Karnataka strikes deal with Uttar Pradesh, Rajasthan as power demand peaks.
  • Udayshivakumar Infra, Avalon Technologies make their market debuts.
  • NSE Indices launches India’s first REITs & InvITs index with six securities.
  • TTK Healthcare to delist from BSE, NSE; floor price set at ₹1,051.31/share.
  • Apple CEO Tim Cook meets PM Modi; discusses manufacturing and exports with Rajeev Chandrasekhar.
  • IMF cuts FY24 India growth forecast by 20 bps to 5.9% as global banking crisis weighs.
  • Andhra Pradesh, Karnataka, Kerala, Rajasthan, Telangana lead energy efficiency index 2021-22.
  • HDFC Bank signs agreement with Export Import Bank of Korea for $300 million credit line.
  • IRDAI designates LIC, GIC Re, and New India as Domestic Systemically Important Insurers (D-SIIs).
  • CREDAI, IGBC ink pact to construct 4,000 green, sustainable realty projects by 2030.
  • HAL launches new production line in move to speed up delivery of Tejas fighter.
  • Indian auto industry registers best-ever car sales in FY23 – 38.89 lakh units sold, 27% increase from FY22.
  • White House proposes strict new auto emission limits to boost electric vehicle sales.
  • Hyundai Motors finalises $5 billion battery JV in US.
  • Bajaj Auto takes over Triumph’s India sales and marketing operations.
  • SpiceJet hives off cargo and logistics business into separate entity.
  • Virgin Orbit files for bankruptcy protection in US after failing to find funding.
  • SpaceX gets US regulatory green light for debut Starship flight to space.
  • OPEC+ producers announce voluntary oil output cuts from May to end of 2023.
  • Singapore’s Temasek picks up majority stake in Manipal Hospitals, now owns 59%.
  • Serum Institute to double investment in Biocon’s unit to $300 million.
  • China’s yuan replaces US dollar as most traded currency in Russia.
  • US emerges as India’s biggest trading partner in FY23 at $128.55 billion; China at second position.
  • China’s economy grew 4.5% in the first quarter, the fastest pace in a year.
  • Bank of Japan keeps monetary policy unchanged.
  • Pakistan government shares plan with IMF to secure additional $3 billion support.
  • UK Inflation falls to 10.1% in the year to March from 10.4% in February.
  • South Korea restores Japan on ‘white list’ three years after downgrading trade status.
  • Tata Group takesover Wistron’s iPhone plant in Bengaluru.
  • Tim Cook opens gates to India’s first Apple store at Mumbai’s BKC, welcomes customers.
  • Tamil Nadu inks pact for ₹2,300 crore investment with Nike, Adidas shoes maker Pou Chen.
  • PhonePe forays into e-commerce on ONDC, launches dedicated hyper-local app ‘Pincode’.
  • Vodafone Idea places ₹200 crore network order with Chinese company ZTE.
  • Google rolls out ChatGPT like AI tools for Gmail, Docs in public testing.
  • Twitter merged with Elon Musk’s ‘Everything App’ called ‘X’.
  • Twitter restores verification badges to those having over one million followers.
  • Former Mahindra Group Chairman Keshub Mahindra dies at 99.
  • RBI appoints Neeraj Nigam as new Executive Director.
  • Uday Kotak to take non-executive role at Kotak Mahindra Bank after his CEO tenure concludes.
  • Siddhartha Mohanty appointed as new LIC chairman till June 2024.
  • Jet Airways CEO Designate Sanjiv Kapoor quits.


Q4 Results

  • HDFC Bank Q4 PAT rises 20% to ₹12,048 crore, NII up 24% to ₹23,352 crore; dividend at ₹19/share.
  • Kotak Mahindra Bank Q4 net profit up 26% YoY at ₹3,496 crore, declares dividend of ₹1.5 per share.
  • Axis Bank reports Q4 net loss of ₹5,728.42 crore, NII grew by 33.1% YoY to ₹11,742.2 crore.
  • IDBI Bank Q4 net profit rises 64% YoY to ₹1,133 crore, NII up 35.3% at ₹3,279.6 crore.
  • Yes Bank Q4 Net profit dips 45% to ₹202.43 crore despite 25% rise in total income at ₹7,298.51 crore.
  • IndusInd Bank Q4 PAT jumps 50% YoY to ₹2,040 crore; dividend declared at ₹14/share.
  • TCS Q4 Net Profit rises 15% YoY to ₹11,436 crore, revenue up 17% to ₹59,162 crore, ₹24 dividend declared.
  • Infosys Q4 Revenue up 16% YoY to ₹37,441 crore, profit jumps 8% ₹6,128 crore; declares ₹17.50 dividend.
  • HCLTech Q4 net profit rises 11% YoY at ₹3,983 crore, revenue increases 18% to ₹26,606 crore.
  • Tech Mahindra Q4 Profit drops 26% YoY to ₹1,118 crore, revenue rose 13.2% to ₹13,718 crore.
  • Wipro profit falls to ₹3,075 crore, revenue up at ₹23,190 crore, announces ₹12,000 crore share buyback.
  • Maruti Suzuki Q4 Net profit rises 43% to ₹2,624 crore; firm declares ₹90 dividend.
  • Bajaj Auto Q4 revenue up 12% to ₹8,905 crore; PAT dips 2% to ₹1,433 crore.
  • RIL Q4 net profit jumps 19% YoY to ₹19,300 crore, revenue rose 2.12% to ₹2,16,376 crore.
  • Reliance Jio Q4 net profit rises 13% to ₹4,716 crore, revenue increases 12% to ₹23,394 crore.
  • Reliance Retail Q4 Net profit up 13% at ₹2,415 crore on highest ever footfalls.
  • HUL Q4 net profit up 13% YoY at ₹2,601 crore, revenue rises 11% to ₹15,277 crore; dividend at ₹22/share.
  • UltraTech Cement Q4 Net profit sinks 32% to ₹1,696 crore, revenue up 18.36% at ₹18,662.38 crore.
Indices 28 -Apr 31 -Mar % 1M 02 -JanJ % since Jan
BSE 61,112 58,992 3.60% 61,168 -0.09%
NSE 18,065 17,360 4.06% 18,197 -0.73%
DOW 34,098 33,274 2.48% 33,147 2.87%
NASDAQ 12,227 12,222 0.04% 10,466 16.82%
FTSE 7,871 7,632 3.13% 7,452 5.62%
Nikkei 28,856 28,041 2.91% 26,095 10.58%
Hang Seng 19,895 20,400 -2.48% 19,781 0.57%
Straits Times 3,271 3,259 0.36% 3,251 0.59%
Shanghai 3,323 3,273 1.54% 3,089 7.57%
USD 81.77 82.17 -0.49% 82.72 -1.15%
Euro 89.95 89.09 0.97% 88.30 1.87%
GBP 102.03 101.36 0.65% 99.91 2.12%
Yen/100INR 0.60 0.62 -2.71% 0.64 -5.60%
Gold 59,945 59,371 0.97% 55,586 7.84%
Silver 74,155 72,205 2.70% 70,579 5.07%
Crude Brent $ 80.26 79.94 0.40% 85.50 -6.13%
Crude Nymex$ 76.63 75.70 1.23% 79.92 -4.12%

28 -Apr 43,234 27,708 13,189 47,814 12,614
31 -Mar 40,609 28,699 12,244 45,905 12,017
% 1M 6.46% -3.45% 7.72% 4.16% 4.97%
02 -Jan 43,203 28,737 12,668 44,193 12,551
% since Jan 0.07% -3.58% 4.12% 8.19% 0.50%

Exports in ($ Bn) 38.38
Imports ($ Bn) 58.1
FDI 1857
Government Bond 10Y 7.12%
GDP YoY 4.40%
Inflation Rate 5.66%
Forex Reserves ($ Mn) 5,84,250
IIP % 5.60%

Particulars FII(Rs. crore) MF (Rs. crore)
Equity 9,265 (3,506)
Debt 759 13,515
Total 1 M 10,023 10,009
Total Since Jan (7,170) 43,877
Equity (11,237) 48,041
Debt 4,068 (4,164)

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