September 4, 2023 by BizWhiz Admin in Uncategorized 0 comments 74

General News

  • India becomes first nation to reach South Pole of Moon as Chandrayaan-3 makes a perfect touchdown.
  • Chandrayaan-3 landing spot to be called ‘Shiva Shakti Point’; August 23 declared as National Space Day.
  • Chandrayaan-3 Lander records 60°C temperatures at moon’s ‘icy’ south pole.
  • Pragyan rover finds sulphur on Moon`s south pole region, hunt on for hydrogen.
  • ISRO to launch Aditya-L1, the first space-based observatory to study Sun on September 2.
  • Monsoon session: Both houses adjourned sine die; Lok Sabha records 45% productivity , Rajya Sabha 63%.
  • President Murmu signs 7 new laws into effect, including Delhi ordinance Bill, Data Protection Bill.
  • No-confidence motion against Modi government defeated amid Opposition walkout.
  • Rahul Gandhi back as MP as Lok Sabha Speaker Om Birla reinstates his membership.
  • PM Modi hoists National Flag and addresses nation on 77th Independence day.
  • President approves four Kirti Chakras, 11 Shaurya Chakras for armed forces and CAPF personnel.
  • Govt to launch Vishwakarma Scheme for traditional skill workers next month.
  • PM Modi conferred Lokmanya Tilak National Award for contributions towards progress of country.
  • ECI publishes final delimitation order for Assam; gets President’s nod.
  • EC signs up Sachin Tendulkar as ‘icon’ to pitch for higher turnout in 2024 polls.
  • Congress appoints Ajay Rai as UP Chief, Randeep Surjewala in charge of MP.
  • Rozgar Mela 2023: PM Modi virtually distributes around 51,000 appointment letters.
  • PM Modi attends 15th BRICS Summit in Johannesburg; meets with South Africa President Ramaphosa.
  • PM Modi arrives in Athens after BRICS; first prime ministerial visit in 40 years.
  • India, China agree to resolve remaining issues along LAC in eastern Ladakh.
  • First batch of Agniveers graduate from Sikh and Ladakh Regimental centres, 61 Calavry.
  • Defence Council approves armed forces’ proposals worth ₹7,800 crore.
  • India, Kenya agree for deeper cooperation in maritime security of Indian Ocean region.
  • Indian Army orders ₹7,300 crore emergency buy from desi companies to counter China.
  • Indian Coast Guard signs MoU with Philippine Coast Guard to enhance maritime cooperation.
  • CBI academy joins INTERPOL global network through virtual signing ceremony.
  • Kerala Assembly unanimously adopts resolution urging Centre to rename state as Keralam.
  • Tamil Nadu CM Stalin launches second phase of breakfast scheme in government schools.
  • Andhra CM releases ₹216 crore for 2.62 lakh people left out of welfare schemes.
  • Karnataka launches ‘Gruha Lakshmi’ scheme, 1.1 crore women heads of families to get ₹2,000 per month.
  • Karnataka begins releasing Cauvery water to Tamil Nadu following CWMA order.
  • Patna high court gives clearance to a caste-based survey in Bihar.
  • Polls in Jammu and Kashmir can be held at any time, decision to be taken by EC: Centre to SC.
  • Mandaviya, WHO Chief Tedros launch ‘Global Initiative on Digital Health’ to support healthcare.
  • ASI begins survey of Gyanvapi mosque complex amid tight security.
  • Congress’s Jagdish Tytler charged with murder by CBI in 1984 anti-Sikh riots case.
  • Karnataka government scraps National Education Policy, 2020; State to formulate their own policy.
  • BRICS invites Saudi Arabia, 5 other nation to join bloc.
  • Putin tells BRICS summit Russia’s invasion of Ukraine was a defensive move.
  • Wagner chief Yevgeny Prigozhin, who rebelled against Putin, is presumed dead in plane crash.
  • Netherlands, Denmark agree to supply Ukraine with F-16s.
  • Japan starts releasing treated radioactive water from Fukushima nuclear disaster into Pacific.
  • China, Bhutan hold first meeting on ‘delimitation of boundary’, agree to speed up border resolution.
  • Russia’s Luna-25 craft, 1st moon mission in 50 years , spins out of control and crashes into moon.
  • Former US President Donald Trump released on bond after surrendering in election subversion case.
  • Imran Khan to remain in jail as judicial remand extended till Sept 13 in cipher case.
  • Iran boosts navy with missiles, drones as US offers guards for Gulf ships.
  • Pakistan President approves dissolution of assembly, Senator Anwaar-ul-Haq Kakar to be Caretaker PM.
  • Former Pakistan PM Imran Khan convicted in Toshakhana corruption case, sentenced to 3 years in jail.
  • Myanmar Junta extends state of emergency for 6 more months, Aung San Suu Kyi pardoned in 5 cases.
  • Chess World Cup Final 2023: Magnus Carlsen wins the title after beating R Praggnanandhaa in tiebreaks.
  • Neeraj Chopra wins historic World Athletics Championships gold with incredible 88.17 throw.
  • Indian men’s 4x400m relay team breaks Asian record, qualifies for World Championships final for 1t time.
  • Asian Champions Trophy: India beat Malaysia 4-3 to win title for fourth time.
  • UWW suspends WFI for delaying elections, Indian wrestlers won’t play under India flag at Worlds.
  • India vs West Indies: India win 3 match ODI series 2-1, 5 match T20 series 4-1.
  • England vs Australia Ashes 5 Test series tied 2-2.


Business News

  • India a trusted global supply chain partner: PM Modi delivers keynote address at B20 summit.
  • India officially hands over B20 presidency to Brazil to host G20 Summit in 2024.
  • Cabinet extends Digital India programme, approves additional outlay of ₹14,903 crore.
  • PM e-bus seva: Cabinet allows governments to spend ₹57,613 crore for 10,000 new e-buses.
  • Cabinet approves 7 railways projects worth ₹32,500 crore; approves ‘PM Vishwakarma’ scheme.
  • PM Jan-Dhan accounts cross 50 crore mark, deposits exceed ₹2.03 lakh crore: Finance Ministry.
  • Centre extends PLI scheme for automotive sector by 1 year until FY28.
  • PM Modi lays foundation stone for redevelopment of 508 railway stations at ₹25,000 crore.
  • Amit Shah inaugurates 3 connectivity projects costing ₹360 crore to boost coastal security in Gujarat.
  • Nirmala Sitharaman meets UK Trade Secretary; discuss investment, FTA.
  • Union Minister Ashwini Vaishnaw inaugurates India’s first 3D-printed post office in Bengaluru.
  • Cabinet approves additional subsidy of ₹200 per cylinder under the Ujjwala scheme.
  • Centre imposes 40% duty on onion exports till December 31 to control rising prices.
  • Centre allocates extra 2 lakh metric tonnes of sugar to check prices during festival season.
  • India expands curbs on rice exports with 20% duty on parboiled grade.
  • India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted.
  • Govt raises windfall tax on petroleum crude to ₹4,250/metric ton.
  • Govt gives 6 months time to pharma companies with over ₹250 crore turnover to adopt GMP.
  • Govt defers implementation of restrictions on imports of laptops, PCs and tablets to Nov 1.
  • Centre allocates over ₹1,39, 500 crore to extend Bharat Net in 6,40,000 villages.
  • Centre makes police verification mandatory for SIM card dealers, discontinues bulk connections.
  • Income Tax Return Filing: Over 6.77 crore ITRs filed till July 31; 53.67 lakh first-time filers.
  • Lok Sabha passes GST amendments bills; 28% tax on online gaming, casinos, horse race clubs.
  • India, UAE make first crude oil trade in local currencies.
  • RBI keeps interest rate unchanged at 6.5%, maintains pause for a third time.
  • RBI raises transaction limit for UPI Lite to ₹500 from ₹200.
  • Centre directs banks, civic bodies to work in tandem on scheme for loans to street vendors.
  • Pradhan Mantri Jan Dhan Yojana accounts exceed 500 million, deposits at a whopping ₹2.03 trillion.
  • SEBI reduces timeline for listing shares to T+3 from T+6; mandatory from December 1.
  • Jio Financials lists at ₹262 per share on NSE and ₹265 per share on BSE.
  • Yatharth Hospital, TVS Supply Chain Solutions makes market debut.
  • Union Bank hands over record dividend of ₹1,712 crore to government.
  • SEBI submits Adani report to Supreme Court, says probe completed.
  • Deloitte quits as Adani Ports’ auditor; MSKA & Associates named new auditor.
  • Adani family associates invested in its own stocks via foreign funds: Report.
  • Bank of England hikes key interest rate by 25 bps to 15-year high to fight inflation.
  • Pakistan inflation touches 29.8% amid rise in food, energy prices.
  • China’s central bank cuts key interest rate amid concerns for economy.
  • Nitin Gadkari launches Bharat New Car Assessment Programme to improve road safety.
  • Maruti Suzuki Board approves acquisition of 100% stake in Suzuki Motors Gujarat.
  • Hyundai inks asset purchase agreement to acquire General Motors’ Talegaon plant.
  • Union Minister Nitin Gadkari unveils world’s first hundred percent Ethanol fuelled car.
  • Ola Electric unveils MoveOS 4 update for S1 electric scooter on Independence Day.
  • Tata Power and Zoomcar partners to promote electric vehicle adoption and EV charging infra solutions.
  • Air India unveils new brand identity, outlines focus on tech, fleet.
  • Air India and AccessRail sign agreement to provide access to bus & train connections in European cities.
  • Delhi HC asks SpiceJet to pay former promoter Maran ₹100 crore by September 10.
  • Kinetic Engineering sets up new firm to make EV motors, controllers and batteries.
  • Centre picks TCS to transform e-Marketplace platform.
  • Airtel launches India’s first wireless home Wi-Fi service powered by 5G Plus.
  • Apple supplier Foxconn ups its investment proposal in Telangana to $550 million.
  • PhonePe launches stock broking platform Share (dot) Market.
  • Qatar’s QIA invests $474 million in Adani Green.
  • Goldman Sachs Invests ₹2,876 crore in Adani Power.
  • CarTrade Tech acquires 100% stake of OLX India’s auto business for ₹535.54 crore.
  • Aditya Birla group expands hospitality business, adds four restaurant brands.
  • Adani enters hospitality business; Adani Airport Holdings forms JV with Travel Food Services.
  • RIL, Oberoi sign agreement to manage 3 hotels in India, UK.
  • Voot, JioCinema merged; users now free to switch from one platform to other.
  • Mastercard signs up as ICC sponsor for 2023 World Cup.
  • Meesho becomes first horizontal e-commerce company in India to attain profitability.
  • Zepto is first Indian unicorn of 2023, raises $200 million at $1.4 billion valuation.
  • Govt appoints R Doraiswamy as LIC MD.
  • Axis Bank’s Neelkanth Mishra appointed part-time chairman of UIDAI.
  • Nita Ambani steps down from RIL board; Isha, Akash and Anant appointed as non-exec directors.
  • Byju’s restructures businesses; consolidates 4 verticals into two.
  • Tesla names insider Vaibhav Taneja CFO as Zachary Kirkhorn steps down.

Q1 Results

  • State Bank of India Q1 Net profit grows 178% to ₹16,884 crore, NII rose 24.7% to ₹38,905 crore.
  • LIC Q1 Net profit rises multifold to ₹9,544 crore, net premium income flat.
  • M&M Q1 Net profit up 98% at ₹2,774 crore, revenue jumps 22% YoY to ₹24,056 crore.
  • Eicher Motors Q1 profit zooms 50.38% YoY to ₹918 crore, revenue rose 17.33% to ₹3,986.37 crore.
  • Maruti Suzuki’s Q1 net profit more than doubles to ₹2,485 crore.
  • Bharti Airtel Q1 net profit flat at ₹1,612 crore, revenue up 14% YoY at ₹37,440 crore
  • ITC Q1 net profit surges 18% to ₹4,903 crore, revenue declines 9% to ₹15,828 crore; declares 10:1 share swap ratio for hotels business.
  • IndiGo posts profit of ₹3,090 crore in Q1 on higher traffic, airfares.
  • HPCL Q1 net profit comes in ₹6,765 crore; revenue dips marginally.
  • Zomato turns profitable, Q1 PAT comes at ₹2 crore; revenue soars 71% YoY at ₹2,416 crore.
  • Sun Pharma Q1 cons PAT falls 2% YoY to ₹2,023 crore, revenue up 11% to ₹11,941 crore.

Indices 31-Aug 31-Jul % 1M 02-Jan % since Jan
BSE 64,831 66,528 -2.55% 61,168 5.99%
NSE 19,254 19,754 -2.53% 18,197 5.80%
DOW 34,722 35,560 -2.36% 33,147 4.75%
NASDAQ 14,035 14,346 -2.17% 10,466 34.09%
FTSE 7,439 7,699 -3.38% 7,452 -0.17%
Nikkei 32,619 33,172 -1.67% 26,095 25.00%
Hang Seng 18,382 20,079 -8.45% 19,781 -7.07%
Straits Times 3,233 3,374 -4.17% 3,251 -0.55%
Shanghai 3,120 3,291 -5.20% 3,089 0.99%
USD 82.79 82.25 0.66% 82.72 0.08%
Euro 90.03 90.79 -0.83% 88.30 1.97%
GBP 105.03 105.78 -0.71% 99.91 5.13%
Yen/100INR 0.57 0.58 -1.83% 0.64 -10.99%
Gold 59,285 59,450 -0.28% 55,586 6.65%
Silver 74,203 75,034 -1.11% 70,579 5.13%
Crude Brent $ 87.05 85.20 2.17% 85.50 1.81%
Crude Nymex $ 83.81 81.62 2.68% 79.92 4.87%

31-Aug 43,989 31,165 15,670 51,093 15,096
31-Jul 45,651 29,928 15,708 52,637 14,992
% 1M -3.64% 4.13% -0.24% -2.93% 0.69%
02-Jan 43,203 28,737 12,668 44,193 12,551
% since Jan 1.82% 8.45% 23.70% 15.61% 20.27%

Exports in ($ Bn) 32.25
Imports ($ Bn) 52.92
FDI -512
Government Bond 10Y 7.17%
GDP YoY 7.80%
Inflation Rate 7.44%
Forex Reserves ($ Mn) 5,94,890
IIP % 3.70%
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 33,994 7,707
Debt 3,113 3,071
Total 1 M 37,107 10,779
Total Since Jan 1,61,788 50,639
Equity 1,37,071 80,346
Debt 24,716 (29,707)

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