January 4, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 645

General News

  • Global CIVID-19 cases exceed 83.8 million; US most-affected in world as tally crosses 20.4 million-mark.
  • India COVID-19 tally crosses 10.28 million, recovery rate improves to 96.07%.
  • India reports 25 cases of new COVID-19 strain as UK returnees test positive.
  • Centre issues 113 pages guidelines for COVID-19 vaccination drive; first Phase to include 30 crore people.
  • Farmers’ protest: SC adjourns hearing, asks Govt to consider putting farm laws on hold.
  • Opposition lead by Rahul Gandhi, Sharad Pawar meets President, seeks repeal of farm laws.
  • Farmers’ protest: Centre agrees to 2 of 4 demands of protesting farmers; next round of talks on Jan 4.
  • 9 states successfully completes ‘one nation one ration card’ reform.
  • Winter Session of Parliament scrapped due to COVID-19, Budget Session to take place in January.
  • UK PM Boris Johnson accepts India’s invite, will be Republic Day parade chief guest.
  • UK Foreign Secretary Dominic Raab calls on PM Modi; discuss various facets of strategic partnership.
  • India, Nepal discuss trade and investments, propose developing of cross-border economic zone.
  • PM Modi speaks to Qatar Amir; task force to be set up to boost Qatari investments into India.
  • Rajnath Singh calls for joint efforts against threats of ‘bio-terrorism’ at ASEAN Defence Ministers’ Meet.
  • EAM Jaishankar meets business leaders in Qatar; highlights investment opportunities in India.
  • Army chief Gen. Naravane holds talks with UAE and top Saudi Generals.
  • Army Chief General MM Naravane meets South Korean top military brass to bolster military ties.
  • India and Uzbekistan sign nine agreements to strengthen strategic partnership.
  • India and Bangladesh seal 7 pacts to expand cooperation in diverse areas, restore a cross-border rail link.
  • PM Modi inaugurates world’s largest renewable energy park at Khavda, meets Farmers in Kutch.
  • PM launches Ayushman Bharat PM-JAY SEHAT to ensure universal health coverage to people of J&K.
  • PM Modi flags off India’s first ever driverless train, launches National Common Mobility Card.
  • Education Ministry sets up task force for preparing roadmap on technical education in mother tongue.
  • JEE-Mains to be held four times every year from next year; First exam from 23rd to 26th of Feb.
  • PM Modi releases postal stamp to mark centenary celebrations of Aligarh Muslim University.
  • Cabinet approves merger of four government-run film and media units with NFDC.
  • Amit Shah lays foundation stone of medical college, law colleges in Assam.
  • J&K DDC polls: Farooq Abdullah-led Gupkar alliance wins big in Kashmir, BJP in Jammu.
  • Suvendu Adhikari, 5 TMC MLAs join BJP at Amit Shah’s rally in Midnapore.
  • Maharashtra MLC Election: NCP-Congress coalition wins four seats; BJP bags 1.
  • Hyderabad civic polls: Ruling TRS wins 55 seats, followed by BJP with 48 seats and AIMIM by 44 seats.
  • MP cabinet gives nod to Religious Freedom Bill, forced conversion will invite 10-year-jail term, penalty.
  • Arya Rajendran becomes India’s youngest Mayor from Kerala’s Thiruvananthapuram.
  • Tamil Nadu grants permission to hold Jallikattu with COVID-19 restrictions.
  • Defence Ministry approves acquisition of military hardware worth ₹28,000 crore.
  • Navy test-fires anti-ship version of BrahMos supersonic cruise & Prithvi-2 Nuclear capable ballistic missiles.
  • ISRO Successfully Launches India’s 42nd Communication Satellite CMS-01 from Sriharikota.
  • PM Modi lays foundation stone for new Parliament building.
  • Bombay HC stays transfer of Kanjurmarg land for Mumbai metro car shed.
  • Indo-Islamic Cultural Foundation (IICF) unveils design of mosque, hospital to be built in Ayodhya.
  • Almost 1 billion vaccine doses secured for low- and middle-income countries: WHO.
  • Britain first among countries which have begun vaccinating their people against the COVID.
  • 137,000 people in UK receive COVID vaccine in 1st week; 1 million Americans vaccinated in 10 days.
  • US Vice President Mike Pence, Joe Biden, Kamala Harris publicly receive COVID-19 vaccine shot.
  • New strain of Coronavirus identified in UK triggers series of travel bans ahead of holiday season.
  • U.S. Electoral College confirms Joe Biden’s win.
  • Biden names Janet Yellen as Treasury Secretary and ex-general Lloyd Austin as secretary of defense.
  • U.S. House approves $2,000 Coronavirus aid checks sought by Trump.
  • US Senate passes bill eliminating per-country cap for employment immigrant visas.
  • UK PM Boris Johnson signs EU-UK trade deal after MPs vote to pass agreement.
  • UN Chief Antonio Guterres urges global summit to declare ‘climate emergency’.
  • UN backs Afghan peace talks in resolution, Russia votes `no’.
  • Nepal PM Oli dissolves Parliament amidst power tussle.
  • Israeli parliament moves to dissolve government; to hold snap election in March, fourth in two years.
  • China 2nd nation to plant flag on the Moon; Chang’e 5 capsule brings 1st new moon samples in 44 years.
  • Lebanon PM, former ministers charged over Beirut port blast.
  • Bangladesh ships Rohingya refugees to remote island despite outcry.
  • Govt to include Gatka, Kalaripayattu, Thang-Ta and Mallakhamba in Khelo India Youth Games 2021.
  • BCCI approves 10 teams from 2022 IPL; calls for cricket’s inclusion in 2028 Olympics.
  • Chetan Sharma is BCCI’s new chairman of selectors; Abey Kuruvilla, Debashish Mohanty included in panel.
  • India vs Australia: Aus win ODI series 2-1, India wins T20 series 2-1, 4 – match Test series levelled at 1-1.
  • Virat Kohli becomes fastest cricketer to score 12000 ODI runs, beats Sachin Tendulkar’s record.
  • ICC ODI rankings: Virat Kohli, Rohit Sharma retain top two spots; Bumrah sits on 3rd spot.
  • Virat Kohli named ICC Male Cricketer of the Decade, honoured with Sir Garfield Sobers Award.
  • Cristiano Ronaldo wins Player of the year and ‘Gives’ it to Robert Lewandowski in remarkable gesture.

 

Business News

  • All 28 states and 3 Union Territories choose Option-1 to meet GST implementation shortfall.
  • Govt releases 9th instalment of ₹6,000 crore loan to states to meet GST shortfall.
  • Cabinet approves ₹3,500 crore subsidy for sugar farmers, 5 crore sugarcane farmers to benefit.
  • Cabinet gives nod to next round of spectrum auction.
  • Commerce Ministry and AYUSH Ministry decide to set up an AYUSH Export Promotion Council.
  • Cabinet approves setting up of public WiFi networks under ‘PM-WiFi Access Network Interface’.
  • I&B Ministry issues an advisory on advertisements on Online gaming, Fantasy sports.
  • Nitin Gadkari inaugurates National Highway projects in Nagaland, Karnataka, Rajasthan and Assam.
  • World Bank approves four India projects worth over $800 million.
  • Centre and West Bengal sign $500 million project to build Green National Highway Corridors.
  • Centre proposes mandatory airbag for front passenger on all cars.
  • FASTag mandatory from February 15, toll collection through FASTag crosses ₹80 crore per day for first time.
  • Centre proposes mandatory airbag for front passenger on all cars.
  • India’s first indigenously developed 100 Octane premium petrol launched.
  • Nitin Gadkari unveils Vedic Paint made from cow dung, says ‘will boost rural economy’.
  • Govt shells out ₹22,087 crore as interest towards recap bonds for banks.
  • Government issues zero-coupon bonds worth ₹5,500 to recapitalise Punjab and Sind Bank.
  • RBI leaves the repo rate unchanged at 4%, maintains status quo.
  • RTGS to be made available 24X7 in next few days: RBI Governor.
  • RBI asks banks to not declare dividend for FY21; retain profit made in FY20.
  • ₹200 crore Lucknow Municipal Corporation Bonds list successfully on the BSE.
  • Quick restaurant chain Burger King India, Mrs Bectors Food Specialities make their stock market debut.
  • Kotak Mutual Fund launches India’s first international REIT fund of funds.
  • Pfizer/BioNTech wins the global COVID vaccine race, vaccine rolled out first in UK.
  • Aurobindo Pharma to make COVAXX’s potential COVID-19 vaccine for India, UNICEF.
  • India’s first indigenous mRNA vaccine candidate receives approval to initiate human clinical trials.
  • India to produce 300 million doses of Russian Sputnik V coronavirus vaccine in 2021
  • UK, EU finalise post-Brexit trade deal after 10 months of negotiation; set to enter force on January 1.
  • Bangladesh signs Preferential Trade Agreement (PTA) with Bhutan, its first since independence.
  • Cuba to devaluate currency from January; peg exchange rate at 24 pesos per US dollar.
  • Iraq’s Central Bank devalues Dinar by 22% to push Economy forward ahead of deficit.
  • Bitcoin on a record breaking spree, breaches $27,000 to set all-time record high.
  • OPEC+ agrees to increase output by 500,000 barrels a day in Jan 2021.
  • Airtel, Nokia ink pact for 5G network rollout in Kenya.
  • Nokia starts production of next generation 5G equipment at Chennai facility.
  • US FCC orders carriers to remove Huawei equipment, starts proceeding to revoke China Telecom’s permit.
  • Germany gives nod to Huawei to build 5G networks with security regulations.
  • Audi begins manufacturing of A4 facelift in India; launch in early 2021.
  • Fiat Chrysler to invest $150 million to set up Global Digital Hub in Hyderabad.
  • Bajaj Auto signs MoU with Maharashtra govt to set up new manufacturing unit in Chakan.
  • Amazon, Blackberry team up to create cloud-based vehicle software platform IVY.
  • Infosys announces long-term strategic partnership with Daimler AG.
  • Wipro inks $700 million digital & IT deal with German company METRO AG.
  • Salesforce acquires Slack for $27.7 billion in its largest acquisition ever.
  • Boeing’s updated 737 MAX completes first flight with media onboard.
  • Ryanair buys 75 Boeing MAX jets in largest order since grounding.
  • US lawmakers back $15 billion in airline payroll assistance.
  • Lockheed Martin inks $4.4 billion deal to acquire Aerojet Rocketdyne.
  • Boeing 737 MAX deemed safe to fly by European Union Aviation Safety Agency.
  • Infosys, Rolls-Royce ink strategic partnership for aerospace engineering in India.
  • Reliance to buy out IMG Worldwide from sports management joint venture for ₹52.08 crore.
  • Alibaba hikes share buyback plan to $10 billion from $6 billion.
  • Amazon, Amex, Daimler AG and Stripe join to Fund Software Developers in New GitHub Program.
  • Sony to buy anime streaming service Crunchyroll from AT&T for $1.175 billion.
  • Swiggy partners with PM’s AtmaNibhar Nidhi to bring over 36,000 street food vendors online.
  • Reddit buys TikTok rival Dubsmash, to allow users to upload and stream short-form videos.
  • Facebook launches collaborative music video app Collab for iOS users.
  • Sony, Microsoft and Nintendo collaborate on shared safety standards for online gaming.
  • CCI initiates investigation against cement companies over alleged anti-competitive behaviour.
  • SC rejects Vedanta’s interim plea to inspect, operate closed Sterlite copper unit at Tuticorin.
  • Nirav Modi’s remand extended by London court; final hearings in 2021.
  • Vijay Mallya’s assets in France worth €1.6 million seized by ED.
  • Delhi High Court dismisses Future Group plea against Amazon in $3.4 billion asset sale.
  • French watchdog fines Google €100 million and Amazon €35 million over cookies law breach.
  • Cairn wins arbitration in tax dispute; India asked to pay $1.2 billion in damages.
  • China launches antitrust probe into tech giant Alibaba.
  • IBM agrees to pay $24.25 million to resolve FCC probes over subsidies.
  • UAE’s Lulu group to set up food processing centre in Jammu and Kashmir.
  • SBI along with NPCI, Japan’s JCB launch contactless debit card.
  • GoDaddy acquires US-based payment processor Poynt for $365 million.
  • Ola to invest ₹2,400 crores to set up ‘the world’s largest scooter factory’ in Tamil Nadu.
  • Star and Disney India’s Uday Shankar to take over as FICCI President for 2020-21.
  • Uday Kotak to head Kotak Mahindra Bank for another 3 years.
  • Flipkart board rejig: CEO Kalyan Krishnamurthy, HDFC’s Keki Mistry to join; Steuart Walton, 3 others exit.
  • United Spirits names Hina Nagarajan as MD and CEO.

 

WORLD INDICES
Indices 31-Dec 30-Nov % 1M 01-Jan % since Jan
BSE 47751 44150 8.16% 41306 15.60%
NSE 13982 12969 7.81% 12183 14.77%
DOW 30606 29639 3.26% 28538 7.25%
NASDAQ 12888 12199 5.65% 8973 43.64%
FTSE 6461 6266 3.10% 7542 -14.34%
Nikkei 27444

26434 3.82% 23657 16.01%
Hang Seng 27231 26341 3.38% 28190 -3.40%
Straits Times 2844 2806 1.35% 3223 -11.76%
Shanghai 3473 3392 2.40% 3050 13.87%
USD 73.07 74.05 -1.33% 71.22 2.59%
Euro 89.26 88.60 0.74% 79.94 11.66%
GBP 99.92 98.55 1.40% 94.36 5.90%
Yen/100INR 0.71 0.71 -0.46% 0.66 8.04%
Gold 50115 48106 4.18% 39067 28.28%
Silver 68051 59100 15.15% 46665 45.83%
Crude Brent $ 51.80 48.18 7.51% 66.29 -21.86%
Crude Nymex $ 48.52 45.53 6.57% 61.30 -20.85%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Dec 31264 24251 9194 34177 12916
30-Nov 29609 21765 8892 31719 11839
% 1M 5.59% 11.42% 3.40% 7.75% 9.09%
01-Jan 32103 15722 8210 30234 8047
% since Jan -2.61% 54.25% 11.98% 13.04% 60.50%

INDIAN TRADE(USD MILLION)
Exports 23520
Imports 33390
FDI 4627
Government Bond 10Y 5.89%
GDP YoY (7.50%)
Inflation Rate 6.93%
Forex Reserves $ M 581130
IIP % 4.00%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 52,883 (19,373)
Debt 4,681 12,146
Total 1 M 57,564 (7,227)
Total Since Jan 65,376 1,64,406
Equity 1,65,973 (52,692)
Debt (1,00,597) 2,17,099

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