January 2, 2023 by BizWhiz Admin in Economy Snapshot 0 comments 97

General News

  • Winter Session of Parliament concludes six days ahead of schedule; both Houses pass nine bills.
  • 97% productivity recorded in Lok Sabha, 102% in Rajya Sabha.
  • BJP secures over 52% vote share in Gujarat; Bhupendra Patel takes oath as CM for 2nd consecutive term.
  • Himachal: Congress wins 40 of 68 seats; Sukhvinder Sukhu takes oath as CM, Mukesh Agnihotri as Deputy.
  • AAP becomes latest political outfit to get ‘national party’ status
  • Delhi MCD Election 2022: AAP crosses the majority mark and wins 134 seats.
  • Maharashtra first state to pass Lokayukta Bill that will bring CM, Cabinet under its ambit.
  • ECI calls all-party meeting to demonstrate remote voting tech for domestic migrants.
  • India begins its G20 presidency; PM calls on states to showcase rich potential & vibrant culture in events.
  • Jaishankar meets UAE counterpart in Abu Dhabi, discusses regional issues.
  • India and Finland sign joint declaration of Intent on migration and mobility between the two countries.
  • India, Germany ink migration and mobility partnership agreement.
  • PM Modi virtually inaugurates 3 National Ayush Institutes, to promote traditional medicine research.
  • PM Modi unveils several development projects worth over ₹6,800 crore in Tripura, Meghalaya.
  • India, China hold 17th round of military talks on eastern Ladakh.
  • India receives 36th and final Rafale aircraft from France as last one lands in Delhi.
  • Indian Navy commissions INS Mormugao – Stealth Guided-Missile Destroyer.
  • Indian Navy opens up special forces MARCOS for women in historic move.
  • Amit Shah meets Karnataka-Maharashtra CMs, says panel to resolve border issue between both States.
  • Punjab Cabinet gives nod for recruiting 1,800 constables, 300 sub-inspectors every year.
  • Rajasthan CM Gehlot announces Ujjwala LPG refills at ₹500 from April 1.
  • Assam govt launches ‘Orunodoi 2.0’, scheme to benefit over 1 million people.
  • Centre asks States & UTs to step-up genome sequencing as Covid cases surge globally.
  • Govt makes RTPCR test mandatory for International passengers from six countries including China.
  • Update documents for Aadhaar numbers issued over 10 years back: UIDAI.
  • SC launches app 2.0 that will allow law officers to watch live court proceedings.
  • Delhi liquor scam: CBI questions Telangana CM’s daughter K Kavitha.
  • India, along with Russia, China, abstains on UN resolution calling for end to violence in Myanmar.
  • CPN-Maoist Centre chairman Pushpa Kamal Dahal ‘Prachanda’ named Prime Minister of Nepal.
  • Japan, S Korea, US slap sanctions on N Korea over missile tests.
  • Russian President Vladimir Putin says ready to negotiate with Ukraine; alleges west blocking peace efforts.
  • Volodymyr Zelenskyy delivers impassioned plea to Congress, asking for more help fighting Russia.
  • COP27 summit agrees on climate fund for ‘loss and damage’ in landmark deal.
  • US approves Ukraine aid of $45 billion including arms after Zelensky visit.
  • EU Commission proposes ninth package of sanctions against Russia.
  • G7 pledges to meet Ukraine’s ‘urgent’ air defence requirements.
  • Pakistan to supply ammunition to Ukraine; likely to get Mi-17 chopper upgrades in return.
  • China shares current COVID-19 situation, treatment, and vaccinations with WHO as cases surge.
  • Japan unveils unprecedented $320 billion military build-up.
  • Historic winter storm slams US; airlines cancel thousands of U.S. flights over storm.
  • Myanmar’s Aung San Suu Kyi convicted of corruption, jailed for 7 years.
  • Benjamin Netanyahu sworn in as Israel’s Prime Minister for 3rd term.
  • South Korea pardons former president Lee Myung-bak for corruption crimes.
  • Joe Biden, Emmanuel Macron vow unity against Russia, discuss trade row.
  • US Capitol riot panel calls for Donald Trump’s prosecution with criminal referral.
  • New Zealand passes legislation banning cigarettes for future generations.
  • COP15: Over 190 nations adopt landmark biodiversity pact to restore natural ecosystems.
  • Taliban bans women, girls from attending universities in Afghanistan, orders NGOs to ban female staff.
  • National Sports Awards 2022: President Droupadi Murmu hands out Arjuna Award to 25 Indian athletes.
  • Government recognises e-sports as part of multisports events.
  • Legendary athlete PT Usha elected unopposed as first woman president of IOA.
  • IPL turns into decacorn as its valuation zooms 75% to $10.9 billion.
  • IPL 2023: Sam Curran costliest buy in history at ₹18.5 crore for PBKS; RCB acquire Will Jacks, Reece Topley.
  • India vs Bangladesh: India sweeps the test series 2-0.
  • Pakistan vs England: England seal historic 3-0 test series victory in Pakistan.
  • India Women vs Australia Women T20I: Australia seal series 4-1.
  • Neeraj Chopra displaces Usain Bolt as world’s most written-about athlete.
  • Rafael Nadal, Iga Swiatek named International Tennis Federation world champions for 2022.
  • FIFA World Cup 2022: Argentina beat France 4-2 on penalties to win their third World Cup title.
  • Kylian Mbappe wins World Cup Golden Boot after scoring hat-trick in Qatar 2022 final.
  • 2026 FIFA WC hosts US, Mexico, Canada take diplomatic handover from Qatar.
  • Neymar ties Pele’s record as Brazil’s all-time leading scorer with 77 goals.
  • Pelé, Brazil World Cup winner and football legend, dies aged 82.
  • BCCI announces schedule for Mastercard home series against Sri Lanka, New Zealand & Australia.

 

Business News

  • India-Australia Economic Cooperation and Trade Agreement comes into force.
  • 48th GST Council meeting; no tax increase on any item; decision on tobacco taxation not taken.
  • Council gives nod to decriminalise 3 types of offences, raises limit for launching prosecution to ₹2 crore.
  • Kerala CM Pinarayi Vijayan inaugurates country’s biggest Business Jet Terminal in Kochi.
  • Railway ministry seeks 30% hike in FY24 Budget allocation.
  • Gadkari inaugurates NH projects worth ₹2,444 crore in MP and NH projects worth ₹1,800 crore in Nashik.
  • India manufacturing PMI hits 3-month high of 55.7 in November as inflation cools.
  • India extends policy to import refined palm oil at lower duty of 13.75%.
  • Govt approves ₹4,500 crore for revival of existing unserved, underserved airports, AAI, and PSUs.
  • Centre collects ₹60.40 crore from TDS on virtual digital assets (VDAs).
  • Govt approves ₹1.64 lakh crore revival package for BSNL.
  • Govt allocates ₹120 crore for PLI scheme for drone industry; guidelines released.
  • Govt clears ₹357 crore for Foxconn under PLI scheme for phone manufacturing.
  • Govt slashes windfall tax by 65% on Petrol, Diesel, ATF Exports.
  • Centre expert body, state drugs control administration start joint inspection of drug manufacturing units.
  • Centre appoints MeitY as the nodal ministry for gaming.
  • Power ministry, DRDO Ink Pact to Install Early Warning Systems for Power Stations.
  • Google, DigiLocker partner to bring on-device storing of government IDs.
  • UP receives investment proposals worth ₹7.12 lakh crore from 16 countries.
  • RBI’s kicks off first pilot of retail digital Rupee from December 1.
  • RBI hikes repo rate by 35 basis points to 6.25%, retains FY23 retail inflation projection at 6.7%.
  • GDP growth forecast for FY23 lowered to 6.8%, inflation expected to be above 4% in the next 12 months.
  • IDBI Bank signs agreement to transfer IDBI MF business to LIC Mutual Fund.
  • CBI arrests Chanda Kochhar, husband Deepak Kochhar and Videocon founder Venugopal Dhoot.
  • SEBI issues ₹6.42-crore demand notice to Sahara group firm, Subrata Roy, others in OFCD issuance case.
  • Market debut: Dharmaj Crop, Uniparts India, Sula Vineyards, Landmark Cars, KFin Technologies.
  • Worldline ePayments India, Fintech startup Paysharp get RBI’s nod to act as payment aggregator.
  • Merger approval process kicks off for Air India and Vistara.
  • Russia announces oil exports ban to countries with price caps from February.
  • Fed lifts key rate by half-point to a range of 4.25% to 4.5%, its highest level in 15 years.
  • Bank of England raises key rate a half point to 3.5%, highest since 2008.
  • England unveils first pound notes featuring King Charles III following death of Queen Elizabeth II.
  • US, Africa seal $15 billion in trade investments during Washington summit.
  • Sri Lanka resumes international flights from Mattala Rajapaksa Airport.
  • HCL Tech collaborates with Intel, Mavenir to provide 5G enterprise tech solutions.
  • Jet Airways senior management, pilots, crew call it quits as relaunch stays uncertain.
  • Tata Steel, TuTr Hyperloop join hands to develop hyperloop technology.
  • India makes USB Type-C charging mandatory for device makers from March 2025.
  • U.S. awards defense contract of over $1 billion to Lockheed Martin.
  • Pentagon splits $9 billion cloud contract between Amazon, Google, Microsoft and Oracle.
  • Microsoft launches real-time voice translation feature in Skype using AI.
  • Meta and Airtel to jointly invest in telecom infrastructure to cater rising high speed data demand.
  • Bharat Biotech’s intranasal Covid vaccine approved by govt, to be available on CO-WIN..
  • World’s 1st intra-nasal vaccine for Covid gets CDSCO nod for emergency use.
  • Serum Institute to provide 2 crore Covishield doses to central govt free of cost.
  • Jio, Bharti Airtel launch 5G services in major cities.
  • Reliance Consumer Products to acquire 51% stake in Lotus Chocolate for ₹74 crore.
  • Tata Group consolidates ecommerce business under Tata Digital.
  • US House bans TikTok on all House-managed devices over ‘security risks’.
  • Founders Prannoy Roy, Radhika Roy exit NDTV, transfer most stakes to Adani.
  • Flipkart, PhonePe complete separation, both to operate under Walmart.
  • Centre issues new rules for Bharat series registration mark for vehicles.
  • Air India draws up $400-million revamp plan for cabin interiors of wide body fleet.
  • Kalyani Rafael rolls out Medium Range Surface to Air Missile (MRSAM) Kit for Indian armed forces.
  • Boeing closes in on large 737 Max order from Tata Group’s Air India.
  • Hyundai becomes world’s 3rd largest carmaker, set to overtake Toyota, Volkswagen.
  • Nagpur Metro creates Guinness World Record for constructing world’s longest double-decker viaduct.
  • Foxconn unit invests $500 million in India affiliate.
  • Intel splits Graphics chip unit into Two, Consumer Graphics division to join Client Computing Group.
  • EU sets December 2024 deadline for common charger directive on phone OEMs.
  • Vedanta inks MoU with 30 Japanese firms for making semiconductor.
  • Meta to pay $725 million damages for sharing user data with Cambridge Analytica.
  • EU tentatively agrees $60 price cap on Russian seaborne oil.
  • EU gets landmark deal to bolster carbon market in green push.
  • HUL acquires majority stake in OZiva and 19.8% in Wellbeing Nutrition.
  • Wipro Consumer acquires Kerala based food firm Nirapara.
  • Reliance Retail to acquire METRO Cash & Carry India for ₹2,850 crore.
  • Torrent wins race to acquire Reliance Capital with ₹8,640 crore offer to lenders.
  • Walmart, Flipkart join hands with NSIC to help MSMEs grow, unlock export potential.
  • Samsung Electronics appoints Lee Young-hee as its first female President.
  • SpiceJet shareholders’ approve re-appointment of Ajay Singh as Director.

 

WORLD INDICES
Indices 30-Dec 30-Nov % 1M 04-Jan % since Jan
BSE 60841 63100 -3.58% 59,856 1.65%
NSE 18105 18758 -3.48% 17,805 1.69%
DOW 33147 34590 -4.17% 36,800 -9.93%
NASDAQ 10466 11468 -8.73% 15,623 -33.00%
FTSE 7452 7573 -1.60% 7,505 -0.71%
Nikkei 26095 27969 -6.70% 29,302 -10.95%
Hang Seng 19781 18597 6.37% 23,290 -15.06%
Straits Times 3251 3290 -1.19% 3,181 2.21%
Shanghai 3089 3151 3,632 -14.95%
USD 82.72 81.42 1.59% 74.55 10.96%
Euro 88.56 84.88 4.33% 84.15 5.23%
GBP 100.10 98.36 1.77% 100.91 -0.80%
Yen/100INR 0.63 0.59 6.09% 0.64 -1.81%
Gold 54,972 52,462 4.78% 47,950 14.64%
Silver 69,370 62,254 11.43% 62,247 11.44%
Crude Brent $ 86.00 86.86 -0.99% 79.77 7.81%
Crude Nymex $ 80.44 80.53 -0.11% 76.80 4.74%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
30-Dec 42,986 28,622 12,612 44,171 12,598
30-Nov 43,231 30,392 13,232 45,537 13,144
% 1M -0.57% -5.82% -4.69% -3.00% -4.16%
04-Jan 36,840 39,371 11,139 37,800 14,041
% since Jan 16.68% -27.30% 13.22% 16.85% -10.28%

INDIAN TRADE
Exports in ($ Bn) 31.99
Imports ($ Bn) 51.88
FDI 2795
Government Bond 10Y 7.33%
GDP YoY 6.30%
Inflation Rate 5.88%
Forex Reserves ($ Bn) 562810
IIP % -3.30%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity 2,206 1,096
Debt (2,518) 5,891
Total 1 M (312) 6,986
Total Since Jan (1,19,537) 1,22,083
Equity (1,06,570) 1,54,336
Debt (12,966) (32,253)

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