February 1, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 603

General News

  • Global COVID-19 cases top 102.9 million with 2.2 million deaths.
  • India’s caseload crosses 10.7 million mark with recovery rate reaching 96.98%.
  • India approves Covishield, Covaxin vaccines in fight against COVID-19.
  • World’s largest COVID-19 vaccination drive kicks off in India; over 37 lakh vaccinated so far.
  • EC allows govt to use voters’ data for vaccination, asks to delete it after drive.
  • Vaccine Maitri: India begins supply of indigenous COVID Vaccine to neighbouring and partner countries.
  • India showcases military might, cultural heritage at its 72nd Republic Day parade on Rajpath.
  • No foreign head of any govt as chief guest on Republic Day due to COVID-19 pandemic.
  • Supreme Court stays implementation of farm laws, forms 4-member committee.
  • Govt offers to suspend farm laws implementation for up to 1.5 years; farmer unions demand repeal.
  • Tractor Parade: Protesting farmers enter Red Fort with Tractors, wave flags from the ramparts of the fort.
  • Japanese Pm Shinzo Abe, SPB, Tarun Gogoi, Ram Vilas Paswan among Padma Award winners 2021.
  • ECI launches digital voter ID Cards on National Voters Day.
  • Construction work of new Parliament building begins after SC gives green signal the project with riders.
  • India begins its two-year tenure as a Non-Permanent Member of the UNSC.
  • India, China agree to push for early disengagement of frontline troops in Ladakh.
  • Govt clears purchase of 83 Tejas aircraft in defence deal worth nearly ₹48,000 crore.
  • India, Pakistan exchange lists of nuclear installations and facilities.
  • India, Israel successfully test Medium-Range Surface-to-Air Missile defence system.
  • India, EU hold their first maritime security dialogue in virtual format.
  • A minor IED blast rocked the high-security zone near the Israeli embassy in New Delhi.
  • TN CM inaugurates Jayalalithaa memorial in Chennai; ‘Veda Nilayam’ residence also declared a memorial.
  • Avian Influenza confirmed in 5 States for poultry birds and in 10 States for crows, migratory and wild birds.
  • India Innovation Index-2020: Karnataka tops in Major States category; Himachal in North East & Hill States.
  • UN adopts $3.2 billion budget for 2021 over US and Israel objections.
  • Treaty on the Prohibition of Nuclear Weapons, 1st-ever treaty to ban nuclear weapons, entered into force.
  • UNGA adopts resolution to safeguard religious sites across the world.
  • WHO inks deal for delivery of Pfizer-BioNTech vaccines in poor countries.
  • UK Coronavirus strain detected in at least 60 countries.
  • China denies Coronavirus leaked from Wuhan lab, says global outbreaks caused pandemic.
  • WHO expert team arrives in Wuhan to begin investigating the origins of the COVID-19 pandemic.
  • Queen Elizabeth, Prince Philip, UN Chief, Singapore PM, Indonesian President receive COVID vaccinations.
  • UK PM Boris Johnson declares new lockdown for England until mid-February.
  • Japan declares state of emergency for Tokyo area amid COVID-19 surge.
  • Germany to extend COVID-19 related restrictions until Feb 14: Chancellor Angela Merkel.
  • Brazil approves emergency use of AstraZeneca and Chinese-made Sinovac coronavirus vaccines.
  • Pakistan approves Chinese Sinopharm COVID-19 vaccine and Russia’s Sputnik V COVID-19 vaccine.
  • New Zealand lifts all COVID19 restrictions, declaring the nation virus-free.
  • Trump supporters storm Capitol Hill amid a key Senate vote; Washington DC placed under lockdown.
  • Held responsible for Capitol riot, Trump becomes first President in US history to be impeached twice.
  • Donald Trump’s impeachment trial to begin on February 9.
  • Joe Biden takes oath as 46th US President, Kamala Harris as Vice-President.
  • Biden signs 15 executive orders, reversing Donald Trump’s key policies including Paris accord.
  • COVID test, quarantine mandatory for people entering US, Biden launches 100 days mask challenge.
  • US withdraws H4 work permit restrictions in relief to spouses of H1-B visa holders.
  • North Korea holds huge military parade as Kim vows nuclear might.
  • Indonesian plane with 62 people on board crashes after takeoff; Black Box recovered from Java Sea.
  • Nepal PM KP Sharma Oli expelled from ruling Nepal Communist Party amid political chaos.
  • Saudi Arabia and Qatar agree to reopen airspace and maritime borders.
  • Israel opens embassy in United Arab Emirates after normalising ties.
  • Bangladesh sends 3rd Batch of Rohingya refugees to Bhashan Char Island.
  • India claim series win against Australia; becomes first team to beat host at the Gabba since 1988.
  • ICC Test rankings: Historic win at The Gabba takes Team India to second place; Kohli loses 2nd spot to Smith, Pujara moves up to 8th.
  • Cheteshwar Pujara becomes 11th Indian to cross 6000-run mark in Test cricket.
  • T Natarajan made his Test debut becomes first Indian cricketer to debut in all three formats on same tour.
  • Chennai Super Kings release Harbhajan Singh ahead of IPL 2021 mini-auction.
  • Rajasthan Royals trade Robin Uthappa to CSK; appoint Kumar Sangakkara as Director of cricket.
  • Thailand Open 2021: Sai Praneeth withdraws after testing COVID-19 positive, Srikanth forced to pull out.

 

Business News

  • Budget session begins from January 29, to be held in two phases.
  • Economic Survey 2021 tabled in the Parliament; FY21 GDP estimated to contract by 7.7%.
  • Nirmala Sitharaman launches the Union Budget Mobile App as India gears up for first paperless budget.
  • New Foreign Trade Policy 2021-2026 to be rolled out from April.
  • Ease of doing business: Government launches regulatory compliance burden portal.
  • PM announces ₹1,000-crore startup India seed fund; Govt holds meeting with 70 global funds.
  • PM Modi inaugurates the 306 km Rewari-Madar section of western dedicated freight corridor.
  • J&K LG Manoj Sinha launches Industrial development scheme worth ₹24,800 crore for UT.
  • Centre approves green tax on old polluting vehicles, tractors to be exempted.
  • Cinema halls to be allowed to operate with 100% capacity starting from February: I&B Minister.
  • Indian Army signs a pact to procure high-altitude drones from ideaForge for $20 million.
  • Karnataka earmarks 520-acres to set up Japanese Industrial Township near Tumakuru.
  • CM Sarbananda Sonowal inaugurates Common Facility Centre for gold and Assamese traditional jewellery.
  • Centre lists bill to ban all cryptocurrencies in India, create official digital currency.
  • RBI launches Digital payments index to track transactions.
  • IRDAI to introduce standard home insurance policy Bharat Griha Raksha for fire, allied peril risks.
  • TCS becomes world’s most valued IT company, beats Accenture; surpasses Reliance market capitalisation.
  • IRFC, Indigo Paints, Home First Finance and Stove Kraft launch their IPOs.
  • KVIC unveils e-commerce portal for khadi, village industry products.
  • Govt allows import/export of COVID-19 vaccine without any value limitation.
  • Haryana CM Manohar Lal Khattar inaugurates Hisar airport under Udan scheme.
  • DGCA extends travel restrictions on scheduled international commercial flights till Feb 28.
  • CBI books Cambridge Analytica, Global Science Research for illegal data harvesting.
  • World Economic Forum Davos 2021 – PM Modi addresses WEF Davos Summit 2021.
  • Serum Institute of India applies for trials of another COVID-19 vaccine; to launch Covavax by June 2021.
  • SII to sell Covishield at a special price of ₹200 for govt, to be sold in private markets at ₹1,000 per vial.
  • Mahindra, Ford end talks of auto joint venture.
  • Hyundai Motor India Ltd ends calendar 2020 with a production of 5.2 lakh units.
  • Tesla registers India office in Bangalore, to start operations with R&D unit.
  • Hyundai commences export of vehicles via rail, first consignment of 125 cars to reach Nepal.
  • Toyota beats Volkswagen to become World’s No.1 car seller in 2020.
  • General Motors teams up with Microsoft to accelerate rollout of Electric and self-driving cars.
  • Ola, Siemens to build advanced EV hub in Tamil Nadu for ₹2,400 crore.
  • DGCA issues guidelines for Airlines to transport COVID-19 vaccines.
  • Boeing to pay $2.5 billion to settle US criminal probe into 737 MAX crashes that killed 346 people.
  • Total to acquire 20 % stake in Adani Green Energy for $2.5 billion.
  • Govt to hold spectrum auctions from March 1; DoT invites applications.
  • BSNL to test Indian telecom gears before letting manufacturers bid for 4G network tender.
  • Bharti Airtel receives regulatory approval for 100% FDI in subsidiaries.
  • Dixon’s subsidiary Padget Electronics ties up with HMD India to manufacture Nokia smartphones.
  • TCS partners with UK’s leading mobile network carrier, Three UK to accelerate 5G network rollout.
  • SAP invests ₹500 crore to accelerate multi-cloud strategy in India.
  • Google Cloud, Nokia partner to accelerate cloud-native 5G readiness for communication service providers.
  • US blacklists Xiaomi, CNOOC and 7 other Chinese companies, US investors must pull out by end of year.
  • Federal judge blocks Parler’s bid to be restored on Amazon Web Services.
  • Health startup Cure.fit acquires US-based digital fitness company Onyx.
  • Richard Branson’s Virgin Orbit reaches Space for the first time with its Air-Launched Rocket.
  • Alphabet shutting down Loon, which used balloon alternative to cell towers.
  • Future Retail-Reliance Retail deal receives SEBI, BSE nod with observations.
  • Reliance Retail to tie up with Kirana stores as franchise partners, JioMart exits sale of FMCG goods.
  • Amazon buys 11 aircraft for the first time to deliver orders faster.
  • Google completes its $2.1 billion acquisition of Fitbit amid ongoing review by US Department of Justice.
  • PayPal becomes first foreign firm in China with full ownership of payments business.
  • Global cryptocurrency market cap hits $1 trillion as Bitcoin hits $37,000.
  • Google removes some lending apps in India to protect consumers.
  • WhatsApp delays policy update rollout to May 15 amid severe criticism.
  • Govt asks WhatsApp to withdraw changes to privacy policy.
  • Amazon joins hands with Bharti Airtel for the first roll-out of Prime Video mobile edition.
  • Japanese beer maker Kirin to invest $30 million in maker of India’s Bira.
  • Janet Yellen becomes America’s first woman treasury secretary.

 

Q3 Results

  • HDFC Bank Q3 net profit rises 18% to ₹8,758 crore YoY, NII up 15% to ₹16,317.6 crore.
  • ICICI Bank Q3 net profit rises 19% to ₹4,940 crore, NII grew 16% to ₹9,912 crore.
  • Axis Bank Q3 profit plunges 36% to ₹1,117 crore on elevated provisions, NII grows 14.3% ₹7,372.76 crore.
  • Kotak Mahindra Bank Q3 profit rises 16% to ₹1,853 crore, NII grows 17% to ₹4,007 crore.
  • YES Bank Q3 net profit rises to ₹151 crore, NII jumps to ₹2,560 crore; NNPA lower at 4.04%.
  • TCS Q3 Net profit rises 7% to ₹8,701 crore, revenue up 5% to ₹42,015 crore; ₹6/share dividend declared.
  • Infosys Q3 net profit jumps 16.8% YoY to ₹5,197 crore, revenue came in at ₹25,927 crore, up 12.27% YoY.
  • Wipro Q3 profit rises 21% YoY to ₹2,966.70 crore, dollar revenue growth highest in 36 quarters at 3.8%.
  • HCL Tech reports 31% jump in Q3 profit at ₹3,982 crore, revenue increased by 6% YoY to ₹19,302 crore.
  • Maruti Suzuki Q3 net profit rises 24% to ₹1,941 crore, revenue up 13% to ₹23,458 crore.
  • Tata Motors Q3 profit jumps 67% to ₹2,906 crore, revenue grew by 5.5% YoY to ₹75,653.8 crore
  • TVS records its highest ever quarterly profit of ₹266 crore, revenue up 31% YoY to ₹5,404 crore.
  • Biocon Q3 net profit falls 19% to ₹186.6 crore, revenue from operations rose to ₹1,851 crore.
  • Dr Reddy’s posts Q3 profit at ₹20 crore, revenues grew 12% YoY to ₹4,930 crore.
  • RIL Q3 net profit rises 12.5% YoY to ₹13,101 crore, consolidated revenue up 21.10% to ₹1.2 lakh crore.
  • Reliance Jio net profit rises 15.5% to ₹3,489 crore in Q3; ARPU jumps to ₹151.
  • HUL Q3 net profit rises 19% to ₹1,921 crore, revenues climb 20% to ₹11,682 crore.

 

WORLD INDICES
Indices 29-Jan 31-Dec % 1M 01-Jan % since Jan
BSE 46286 47751 -3.07% 41306 12.06%
NSE 13635 13982 -2.48% 12183 11.92%
DOW 29983 30606 -2.04% 28538 5.06%
NASDAQ 13071 12888 1.42% 8973 45.67%
FTSE 6407 6461 -0.82% 7542 -15.05%
Nikkei 27663 27444 0.80% 23657 16.94%
Hang Seng 28284 27231 3.87% 28190 0.33%
Straits Times 2903 2844 2.06% 3223 -9.94%
Shanghai 3483 3473 0.29% 3050 14.19%
USD 72.95 73.07 -0.16% 71.22 2.43%
Euro 88.54 89.26 -0.80% 79.94 10.77%
GBP 100.05 99.92 0.13% 94.36 6.04%
Yen/100INR 0.70 0.71 -1.57% 0.66 6.35%
Gold 49106 50115 -2.01% 39067 25.70%
Silver 69765 68051 2.52% 46665 49.50%
Crude Brent $ 55.88 51.80 7.88% 66.29 -15.70%
Crude Nymex $ 52.20 48.52 7.58% 61.30 -14.85%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
29-Jan 30566 24646 9813 33121 12170
31-Dec 31264 24251 9194 34177 12916
% 1M -2.23% 1.63% 6.74% -3.09% -5.77%
01-Jan 32103 15722 8210 30234 8047
% since Jan -4.79% 56.76% 19.53% 9.55% 51.24%

INDIAN TRADE(USD MILLION)
Exports 27150
Imports 42590
FDI 5746
Government Bond 10Y 5.95%
GDP YoY -7.50%
Inflation Rate 4.59%
Forex Reserves $ M 585334
IIP % -2.20%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 18,856 (15,725)
Debt (3,473) 11,330
Total 1 M 15,383 (4,395)
Total Since Jan 15,383 (4,395)
Equity 18,856 (15,725)
Debt (3,473) 11,330

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