September 2, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 358

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

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