January 3, 2022 by BizWhiz Admin in Economy Snapshot 0 comments 342

General News

  • Parliament adjourned sine die, ahead of schedule; Lok Sabha registers 82% productivity, Rajya Sabha 47%.
  • Bill repealing 3 farm laws gets President’s assent; Cabinet clears draft Bill for linking Aadhaar & voter ID.
  • Farmers call off protest after Centre accepts their demands in writing.
  • India’s total COVID-19 cases rose to 3,48,38,804; cumulative vaccination coverage exceeds 144.5 crore.
  • Omicron tally rose to 1200; Delhi and Maharashtra top the chart.
  • India to start administering booster doses for frontline workers and people above 60 from Jan 10.
  • COVID-19 vaccine booster dose to be given nine months after second shot.
  • Children aged 15 to 17 to be administered Covaxin from Jan 3.
  • Centre asks states to impose night curfew, containment zones to curb Omicron spread.
  • Govt panel recommends restricted emergency use of Covovax, Corbevax and anti-Covid pill Molnupiravir.
  • Himachal Pradesh becomes first state to achieve 100% vaccination.
  • Centre releases ₹604 crore to J&K to expedite Jal Jeevan Mission implementation.
  • Purvanchal Expressway, Kushinagar Airport, Jewar Airport, Ganga Expressway – among projects announced by PM Modi in poll-bound UP.
  • PM Modi inaugurates multiple development projects worth over ₹650 crore in Goa.
  • Rajnath Singh inaugurates 27 bridges and 3 roads on LAC and LoC.
  • Goa Forward Party, Congress announce alliance ahead of 2022 Assembly polls.
  • 14 civilians killed by security forces in Nagaland in a case of mistaken identity; Army orders probe.
  • CM Kejriwal launches Dilli Ki Yogshala to help Delhi residents practise yoga under trained teachers.
  • Delhi govt extends free ration distribution scheme till May 31.
  • AP Govt waives ₹10,000 crore worth home loans of poor under One-Time Settlement (OTS) scheme.
  • Cyclone Jawad weakens into deep depression; spares Odisha, Andhra Pradesh any major damage.
  • Supreme Court stays proceedings of West Bengal’s Lokur panel probing Pegasus snooping allegations.
  • Bhutan confers its highest civilian award on PM Modi on occasion of the country’s National Day.
  • India, Central Asian nations vow to fight Afghanistan terror at 3rd India-Central Asia Dialogue.
  • Army receives new Israeli Heron drones for deployment in Ladakh sector to boost surveillance along LAC.
  • India, Russia hold first ever 2+2 ministerial dialogue; discuss terrorism, Afghanistan, maritime security.
  • India-Russia ink AK-203 assault rifle deal, renew 10-year pact for military cooperation.
  • Centre approves plan to manufacture 5 lakh AK-203 rifles in UP’s Amethi.
  • First Chief of Defence Bipin Rawat, 13 others die in chopper crash in Tamil Nadu’s Coonoor.
  • President Kovind confers annual National Awards on International Day of Persons with Disabilities.
  • Ex-CM of AP K Rosaiah, Archbishop Desmond Tutu, Nobel Peace prize laureate passes away.
  • WHO warns Omicron variant of COVID-19 is spreading at unprecedented rate; reported in 106 countries.
  • Countries brace for renewed restrictions amid Omicron surge.
  • Global Omicron surge drives cases to record highs in 20 countries; total Covid caseload tops 288.5 million.
  • China reports sudden spike in COVID-19 cases ahead of Winter Olympics.
  • United Nations adopts resolution on North Korean human rights abuses.
  • US President Biden bans import of goods from China’s Xinjiang province to prevent use of forced labour.
  • US imposes sweeping human rights sanctions on China, Myanmar and North Korea.
  • Biden signs stopgap funding bill to keep government running until mid-February.
  • US President Biden signs $770 billion defence bill.
  • Russia warns of ‘grave consequences’ after U.S. reaffirms threat of sanctions over Ukraine.
  • Olaf Scholz takes over from Angela Merkel as German chancellor.
  • Iran steps up uranium enrichment capacity despite talks to salvage nuclear deal.
  • UAE switches weekend to Saturday-Sunday from next year.
  • Taliban government resumes issuing Afghan passports in Kabul.
  • Turkey, Qatar enters into deal with Taliban on running airport of Kabul.
  • Pakistan approves its first-ever National Security Policy.
  • Myanmar court sentences ousted leader Aung San Suu Kyi to 4 years.
  • US, UK, Canada and Australia stage diplomatic boycott of Beijing Winter Olympics.
  • WADA reinstates India’s dope testing lab accreditation.
  • Indian legend Anju Bobby George wins Woman of the Year Award from World Athletics.
  • BWF World Championships: Kidambi Srikanth settles for silver.
  • Rohit replaces Kohli as ODI captain, takes over from Rahane as Test vice-captain.
  • IPL Retention: Dhoni, Kohli, Rohit, Bumrah, Pant retained; Rahul, Rashid opt to go into auction pool.
  • India beat New Zealand by record 372 runs to win Test series 1-0, reclaims top spot in Test Rankings.
  • IND vs SA 1st Test: India beat South Africa by 113 runs, take 1-0 lead in 3-match series.
  • R Ashwin takes 50 Test wickets for 4th time in calendar year; overtakes Kumble and Harbhajan.
  • Ajaz Patel becomes 3rd bowler after Jim Laker, Anil Kumble to take all wickets in an innings.
  • Harbhajan Singh, New Zealand’s Ross Taylor, South Africa’s Quinton de Kock announce retirements.
  • The Ashes: Australia retain Ashes after thrashing England by an innings for 3-0 series lead.
  • Formula 1: Red Bull’s Max Verstappen took his first Formula One title.
  • Lewis Hamilton receives knighthood from Prince Of Wales for services to motorsport.

 

Business News

  • Government seeks Parliament nod for ₹3.73 lakh crore additional spending this fiscal.
  • Cabinet approves ₹76,000-crore incentive scheme for semiconductors, display manufacturing; ₹1,300 crore to promote digital payments.
  • 46th GST council meet defers rate hike on textiles.
  • PM lays foundation stone of hydropower projects worth over ₹11,000 crore in Mandi, Himachal Pradesh.
  • Power minister RK Singh approves 23 new inter-state transmission system projects worth ₹15,893 crore.
  • Ministry of Electronics and IT releases national strategy on blockchain for its adoption in govt systems.
  • J&K government inks 39 MoUs worth over ₹18,000 crore at maiden realty summit.
  • Invest Rajasthan: State govt inks MoUs for ₹36,820 crore in Tamil Nadu.
  • Vibrant Gujarat: 16 more MoUs inked for investments in hospitality, defence accessories.
  • Odisha extends additional rice distribution for 4 months till 2022 March under State Food Security Scheme.
  • Commercial LPG cylinders hiked by ₹100, second price increase since November 1.
  • Railways to get ₹20,000 crore in supplementary grants as capital expenditure.
  • Government issues advisory against Ed-Tech companies in India, urges citizens to use caution.
  • I-T relaxes time till February 2022 for taxpayers to complete verification of FY’20 ITRs.
  • RBI extends card tokenisation deadline by 6 months till June-end.
  • RBI holds repo rate at 4%; FY21 GDP growth pegged at 9.5%, inflation unchanged at 5.3%.
  • United Forum of Bank Unions holds two-day strike to protest the Centre’s plan to privatise PSU banks.
  • India Post Payments Bank partners HDFC Bank for banking products, services in semi-urban and rural areas.
  • Kotak Mahindra rolls out business with WazirX for Crypto trading.
  • Paytm Payments Bank receives ‘scheduled bank’ status from RBI.
  • Star Health, Tega Industries, Anand Rathi Wealth, Shriram Properties, RateGain Travel Technologies, MapmyIndia, Metro Brands, MedPlus Health Services, Data Patterns, HP Adhesives, Supriya Lifescience make market debuts.
  • WHO approves emergency use listing for Serum Institute’s Covovax.
  • DCGI approves Covaxin for emergency use in age group between 12 and 18 years.
  • Serum Institute of India delivers first Novavax vaccine batch through COVAX.
  • Biocon partners with Tabuk Pharma to commercialise its specialty generic medicines in Middle East.
  • DGCA extends ban on scheduled international passenger flights till January 31.
  • CCI approves Tata Group acquisition of Air India
  • Tata group prepares 100-day plan to improve service, operational standards of Air India.
  • Tata Motors signs MoU with Maharashtra Govt to set up a vehicle scrapping facility.
  • Tesla gets approval for launch of 3 more models in India.
  • Tata Motors incorporates EV subsidiary Tata Passenger Electric Mobility.
  • Mercedes gets nod to use hands-free driving system in Germany.
  • Bajaj Auto commences work at its new EV facility, roll out in June 2022.
  • Murugappa Group enters India’s EV market, rolls out e-auto and cargo three-wheeler under Montra brand.
  • DoT releases bank guarantee of around ₹9,200 crore of Airtel, VIL, Jio.
  • Airtel, TCS successfully test 5G use cases on Neural Manufacturing solutions.
  • Airtel pre-pays ₹15,519 crore to clear all deferred liabilities for spectrum acquired in 2014.
  • Qualcomm, Google Cloud announce collaboration to create next-gen mobile AI.
  • Vedanta group to invest ₹60,000 crore to set up chip manufacturing unit in India.
  • Tech Mahindra acquires 100% stake in Activus Connect for ₹466 crore.
  • HCL Tech and apoBank to acquire German IT consulting firm gbs for €99,000.
  • Wipro acquires US cybersecurity firm Edgile for $230 million.
  • Apple puts Foxconn plant on probation, iPhone 12 production on hold until further notice.
  • Oppo signs deal with ISRO to strengthen R&D of NavIC messaging service.
  • China tightens scrutiny on offshore listings in sectors off-limits to foreign investment.
  • Bharat Petroleum collaborates with Bhabha Atomic Research Centre for Green Hydrogen production.
  • UK signs free-trade agreement with Australia to bolster post-Brexit economic ties.
  • Pakistan receives $3 billion loan from Saudi as part of economic support package.
  • Reliance, Abu Dhabi-based TA’ZIZ form joint venture for $2 billion chemical projects in Ruwais.
  • CCI suspends Amazon-Future Group deal citing suppression of information.
  • Zee-Sony merger gets approval from board; Sony to hold 50.86% stake in the merged entity.
  • Grofers rebrands to Blinkit in line with its 10-min grocery delivery plan; sets up 300 partner stores.
  • Flipkart, Walmart invest $145 million in Ninjacart.
  • PhonePe becomes first payment platform to tokenise cards on Visa, Mastercard and Rupay.
  • NASA awards $415.6 million to Jeff Bezos’ Blue Origin, others for new space hubs.
  • Apple’s Tim Cook signs $275 billion deal with Chinese officials to placate China.
  • Swiggy and ANRA Technologies conduct first-ever delivery trials of food, medicine with drones.
  • Vedanta withdraws cases against govt to settle ₹20,495 crore retro tax dispute.
  • UK high court defers decision on Nirav Modi’s appeal against extradition.
  • Italy fines Amazon record $1.3 billion for abuse of market dominance.
  • Cult.fit acquires RPM fitness, Fitkit, Onefitplus, and Urban Terrain brands in a single transaction.
  • Samsung merges Mobile and Consumer Electronics Divisions in management restructuring.
  • Health-tech startup Pristyn Care raises $96 million in Series E round, joins Unicorn club.
  • China removes 106 apps from app stores citing privacy violations.
  • WhatsApp empowers 500 villages in Karnataka, Maharashtra with access to digital payments.
  • Workers in New York Vote to Form First Starbucks Union in the US.
  • Gita Gopinath to take on new role at IMF as First Deputy Managing Director.
  • Senior bureaucrat Alka Upadhyaya appointed National Highways Authority of India Chief.
  • RBI appoints Yogesh Dayal as additional director on RBL Bank board for 2 years.
  • Centre appoints Atul Kumar Goel as new MD & CEO of Punjab National Bank.
  • Infosys scraps COO position after UB Pravin Rao retires, distributes responsibilities among top executives.
  • OYO rooms appoints former SBI Chairman Rajnish Kumar as Strategic Group Advisor.
  • Jefferies resigns as loan agent for spyware maker NSO Group.

WORLD INDICES
Indices 31-Dec 30-Nov %1M 01-Jan % since Jan
BSE 58254 57065 2.08% 41306 41.03%
NSE 17354 16983 2.18% 12183 42.45%
DOW 36338 34484 5.38% 28538 27.33%
NASDAQ 15645 15538 0.69% 8973 74.36%
FTSE 7389 7059 4.66% 7542 -2.04%
Nikkei 28792 27822 3.49% 23657 21.71%
Hang Seng 23398 23475 -0.33% 28190 -17.00%
Straits Times 3124 3041 2.71% 3223 -3.08%
Shanghai 3640 3564 2.13% 3050 19.33%
USD 74.33 75.16 -1.10% 71.22 4.36%
Euro 84.52 85.37 -0.99% 79.94 5.74%
GBP 100.60 100.41 0.18% 94.36 6.61%
Yen/100INR 0.65 0.67 -3.00% 0.66 -1.43%
Gold 48083 47650 0.91% 39067 23.08%
Silver 62681 61670 1.64% 46665 34.32%
Crude Brent $ 77.78 70.57 10.22% 66.29 17.33%
Crude Nymex $ 75.21 67.58 11.29% 61.30 22.69%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Dec 35482 38701 10937 37580 14223
30-Nov 35695 35044 10604 37387 13663
% 1M -0.60% 10.44% 3.14% 0.52% 4.10%
01-Jan 32103 15722 8210 30234 8047
% since Jan 10.52% 146.16% 33.21% 24.30% 76.75%

INDIAN TRADE(USD MILLION)
Exports in $ Bn 30.04
Imports $ Bn 52.94
FDI 1933
Government Bond 10Y 6.45%
GDP YoY 8.40%
Inflation Rate 4.91%
Forex Reserves $ M 635080
IIP % 4.30%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (9,516) 17,284
Debt (10,938) 1,440
Total 1 M (20,454) 18,724
Total Since Jan 21,532 1,75,991
Equity 27,569 44,780
Debt (6,037) 1,31,211

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