July 1, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 690

General News

  • India COVID tally touches 30.4 million, 335 million vaccine doses administered so far.
  • Active cases account for 1.70% of total infections; recovery rate improves to 96.94%.
  • Global Coronavirus caseload crosses 182.9 million; Brazil death toll surpasses 5.18 million.
  • Centre begins next phase of nation wide COVID 19 vaccination drive to all above 18 years of age.
  • Centre submits vaccination roadmap to SC, says entire population will get jabbed by the end of 2021
  • •₹780 for Covishield , ₹1,410 for Covaxin and ₹1,145 for Sputnik V: Centre fixes rates at private centres.
  • Many States and UTs announce more lockdown relaxations as virus cases continue to dip.
  • PM Garib Kalyan Anna Yojana: Govt extends free foodgrains scheme till Nov for 80 crore beneficiaries.
  • Rajnath Singh approves budgetary support of nearly ₹499 crore for innovations in defence sector.
  • India, China discuss ‘early resolution’, agree to hold 12th military talks.
  • India, Kuwait sign pact for cooperation on recruitment of Indian workers.
  • India calls for open & inclusive order in Indo Pacific region: Rajnath Singh at ASEAN meet.
  • India and Bhutan ink MoU for developing cooperation in area of environment.
  • S Jaishankar attends G20 ministerial meetings in Italy.
  • Thousands of farmers march against Farm laws, mark seven months of protests.
  • 5 Ministers, including first woman in decades, take oath in Puducherry Cabinet.
  • Amarnath Yatra cancelled for second consecutive year due to COVID 19 pandemic.
  • Restoration of statehood, election among 5 demands raised during PM’s meet with J&K’s leaders.
  • Tradition, technology India’s greatest strengths: PM Modi at Toycathon 2021.
  • Anup Chandra Pandey, former UP Chief Secretary, appointed as new Election Commissioner.
  • Aam Aadmi Party to contest all 182 seats in 2022 Gujarat assembly polls.
  • Akali Dal announces alliance with BSP for Punjab Assembly elections 2022.
  • BJP leader Mukul Roy, son Subhrangshu rejoin TMC in presence of Mamata Banerjee.
  • Pashupati Kumar Paras elected unopposed as national president of LJP.
  • CBSE submits Class 12 evaluation scheme before Supreme Court; says results by July 31.
  • Flying Sikh Milkha Singh dies of COVID complications cremated with full state honours.
  • BRICS Foreign Ministers agree on COVID 19 vaccine IPR waiver.
  • EU, UK slap new sanctions on entities, individuals related to Myanmar military coup.
  • NSAs of member countries pledge to unite against terrorism, radicalism at SCO meet, Tajikistan.
  • G 7 summit ends with commitment on vaccines, climate change.
  • US outlines plan to send 55 million vaccine doses globally; 16 million earmarked for Asia.
  • Ex officer Derek Chauvin gets 22.5 years in prison for George Floyd’s death.
  • Delta variant now reported in 85 countries globally, expected to become dominant lineage: WHO.
  • WHO clears second Chinese COVID vaccine Sinovac for wider global use.
  • More Australian cities under lockdown as COVID 19 Delta variant outbreak continues.
  • Antonio Guterres re elected as UN Secretary General for 2nd five year term.
  • Pakistan adopts ICJ ordinance allowing Kulbhushan Jadhav to appeal conviction.
  • US to buy 500 million Pfizer COVID vaccines to share with 92 lower income countries, African union.
  • USCIS reverses Trump era policy denying certain immigrant visa applications.
  • US Russia summit: Joe Biden, Vladimir Putin discuss ambassadors, nuclear weapons, cybersecurity.
  • US President Joe Biden meets Afghan President Ashraf Ghani, CEO Abdullah at White House.
  • UK PM Boris Johnson delays COVID lockdown end by 4 more weeks to July 19.
  • Hard line judiciary chief Ebrahim Raisi registers win in Iran’s presidential election.
  • Myanmar military junta charges Aung San Suu Kyi with corruption.
  • Naftali Bennett sworn in as Israel’s new Prime Minister, ending Netanyahu’s 12 year rule.
  • Israel launches new airstrikes on Gaza in response to incendiary balloons.
  • FATF keeps Pakistan on ‘Enhanced Follow up List’, asks it to work on terror financing measures.
  • Three astronauts blast off for China’s new Tiangong Space Station.
  • Asian Boxing Championships: India finishes 4 th with 2 Gold, 5 Silver and 8 Bronze.
  • 108 Indian athletes across 17 sporting categories have so far qualified for Tokyo Olympics.
  • French Open: Czech’s Barbora Krejcikova wins maiden title; Novak Djokovic wins 19th Grand Slam title.
  • New Zealand beat India by 8 wickets to win inaugural ICC World Test Championship title.
  • UEFA EURO 2020: Switzerland, Spain, Belgium, Italy, Czech, Denmark, Ukraine and England in quarterfinals.
  • Sunil Chhetri overtakes Messi to become 2nd highest international goal scorer.
  • Cristiano Ronaldo becomes joint top scorer in men’s international football.

 

Business News

  • Nirmala Sitharaman announces ₹6.28 lakh crore stimulus package to boost COVID affected sectors.
  • ₹23,220 crore earmarked for healthcare infrastructure; first five lakh tourist visas will be issued free of cost
  • Measures include ₹1.1 lakh crore loan guarantee scheme and additional ₹1.5 lakh crore under ECLGS.
  • Parliamentary panel directs Facebook, Google to comply with new IT rules, court orders.
  • Govt extends ban on international passenger flights till July 31, air bubble pacts to continue.
  • Government proposes stricter e commerce norms to tackle unfair trade practices.
  • Govt announces ₹12,195 crore PLI Scheme for telecom & Networking equipment.
  • Centre releases revenue deficit grant of ₹9,871 crore to 17 states.
  • Govt asks ministries, departments to cut ‘controllable’ expenditure by 20%.
  • Govt simplifies registration process for MSMEs, only need to furnish PAN and Aadhaar to register.
  • MCA raises threshold turnover and borrowing limits in definition of small and medium companies.
  • PAN Aadhaar linking deadline extended by 3 months to 30 September.
  • Govt extends validity of fitness, registration, driving licence & all permits till Sep 30, 2021.
  • Gold hallmarking becomes mandatory with several exemptions.
  • RBI leaves key rates unchanged, cuts FY22 GDP growth to 9.5% from 10.5%.
  • RBI opens liquidity window of ₹15,000 crore for contact intensive sectors.
  • Shyam Metalics , Sona Comstar , Dodla Dairy make their market debuts.
  • SEBI halts PNB Housing Finance’s ₹4,000 crore deal with Carlyle Group.
  • Centrum BharatPe gets RBI nod to take over crisis ridden Punjab and Maharashtra Co operative Bank.
  • SBI General Insurance enters into bancassurance tie up with IDFC First Bank.
  • India receives $64 billion FDI in 2020, fifth largest recipient of inflows in world: UN.
  • Income tax department launches new e filing portal www.incometax.gov.in.
  • Eli Lilly gets DCGI emergency use approval for COVID 19 antibody cocktail drug.
  • Subject Expert Committee approves Bharat Biotech’s Covaxin phase 3 efficacy data, 77.8% efficacy shown.
  • Serum Institute seeks test licence from DCGI to manufacture COVID vaccine Sputnik V.
  • Serum Institute starts production of Novavax’s COVID 19 vaccine Covovax.
  • Dr Reddy’s announces commercial launch of anti Covid drug 2DG.
  • Indian Institute of Chemical Technology, Lee Pharma signs agreement for production of 2 DG COVID drug.
  • Sputnik V rollout: Dr Reddy’s partners with Manipal Hospitals, Aster DM Healthcare, Rockwell industries.
  • ICMR approves Gujarat based global medtech company Meril’s self use Covid test kit COVIFIND.
  • NCLT approves Piramal Group’s resolution plan for bankrupt financier DHFL.
  • SEBI bans Franklin Templeton MF from launching new debt funds for 2 years, imposes ₹5 crore penalty.
  • ED transfers assets worth ₹9,371 crore to PSU banks in Vijay Mallya, Nirav Modi, Mehul Choksi fraud case.
  • Deadline extended for mandatory dual airbags for front seat passengers in existing car models to Dec 31.
  • Gujarat gives ₹870 crore push to EV, charging infrastructure.
  • Carmakers start to ramp up production as COVID 19 restrictions ease in states.
  • Wipro collaborates with Germany’s FEV to open Innovation Lab for developing Software Defined Vehicles.
  • Nissan India begins export of the Magnite to Nepal, Indonesia, and South Africa.
  • Hyundai Motor buys US based robotics firm Boston Dynamics for $880 million.
  • Yamuna International Airport secures ₹3,725 crore SBI financing to develop Noida International Airport.
  • EU, US reach deal to end Boeing Airbus trade dispute after 17 years.
  • NCLT approves resolution plan of Kalrock Capital and entrepreneur Murari Lal Jalan for Jet Airways revival.
  • Reliance Jio and Google announce JioPhone Next ultra affordable 4G Phone and 5G partnership.
  • Jio Platforms, Qualcomm join hands for local manufacturing of critical 5G equipment.
  • Axiata, Telenor sign $16 billion deal to merge Malaysian telecoms units.
  • Airtel announces partnership with Tata group for 5G network solutions.
  • Nokia to receive Patent fees from Daimler, ending legal fight over Royalties for key technologies.
  • Infosys wins digital technology integration contract from US Based Archrock.
  • Virgin Atlantic partners with TCS to power recovery and transformation.
  • US Treasury Secretary Janet Yellen holds virtual meeting with China’s Vice Premier.
  • G7 nations’ Finance Ministers agree to commit to a global minimum tax of at least 15%.
  • US suspends additional tariffs on India, Austria, Italy, Spain, Turkey and the UK in digital tax dispute.
  • Australia and the United Kingdom announce post Brexit trade deal.
  • China blocks cryptocurrency related social media accounts amid crackdown on Bitcoin trading, mining.
  • World Bank rejects El Salvador request for help on bitcoin implementation.
  • US blacklists 28 more Chinese firms to investors over ‘facilitating serious human rights abuses’.
  • Bosch opens $1.2 billion chip plant in Germany, its biggest ever investment.
  • PharmEasy acquires 66% stake in Thyrocare Tech, to make open offer to grab additional 26%.
  • Tata Digital invests $75 million in Curefit ; buys a majority stake in digital health company
  • IKEA enters Bengaluru, launches ecommerce and mobile shopping app.
  • BharatPe acquires loyalty platform PAYBACK India.
  • Google Pay launches cards tokenisation with SBI, IndusInd Bank & other banks in collaboration with Visa.
  • Byju’s becomes India’s most valued startup at $16.5 billion with UBS, Blackstone funding.
  • Grofers becomes a unicorn after Zomato reportedly invests $120 million.
  • Samsung shifts display manufacturing unit From China to Noida.
  • Hindustan Unilever sets up a new fully owned subsidiary Unilever India Ltd.
  • TikTok , WeChat ban lifted, Biden signs new orders to shield US
  • ZEE5 forays into the US market.
  • Google announces ₹113 crore grant to set up 80 oxygen plants, upskill rural health workers in India.
  • Global economy expected to expand 5.6% in 2021, India’s FY22 GDP seen at 8.3% : World Bank.
  • Kerala retains top rank in ‘ Niti Aayog’s Sustainable Development Goals (SDG) India Index 2020 21.
  • Amitabh Kant gets one year extension up to June 2022 as CEO Niti Aayog.
  • Raghuram Rajan, Esther Duflo , Dr Arvind Subramanian among 5 named in Tamil Nadu Economic council.
  • Microsoft names CEO Satya Nadella as Chairman.
  • Guenter Butschek to step down as Tata Motors CEO & MD on June 30.
  • Warren Buffett resigns from Gates Foundation board; donates $4.1 billion.

 

Q4 Results

  • PNB posts ₹586 crore profit in Q4; NII jumps over 48% to ₹6,937 crore, GNPA lower at 14.12%.
  • Ashok Leyland Q4 profit soars 550% to ₹377 crore, FY21 loss stands at ₹70 crore.
  • ITC Q4 Net profit falls 1.3% YoY to ₹3,748 crore, revenue up nearly 25% at ₹13,294 crore.
  • ONGC reports Q4 profit at ₹6,734 crore, realisation increases 18.4%, revenue decline 1% to ₹21,189 crore.
  • IndiGo Q4 net loss expands to ₹1,147 crore, revenue dropped 25% to ₹6,222 crore.
WORLD INDICES
Indices 30-Jun 31-May %1M 01-Jan % since Jan
BSE 52483 51937 1.05% 41306 27.06%
NSE 15722 15583 0.89% 12183 29.05%
DOW 34503 34529 -0.08% 28538 20.90%
NASDAQ 14504 13749 5.49% 8973 61.65%
FTSE 7037 7023 0.21% 7542 -6.70%
Nikkei 28792 28860 -0.24% 23657 21.71%
Hang Seng 28828 29152 -1.11% 28190 2.26%
Straits Times 3247 3164 2.62% 3223 0.76%
Shanghai 3591 3615 -0.67% 3050 17.74%
USD 74.33 72.61 2.36% 71.22 4.36%
Euro 88.29 88.82 -0.59% 79.94 10.46%
GBP 102.84 103.42 -0.56% 94.36 8.99%
Yen/100INR 0.67 0.66 1.22% 0.66 2.49%
Gold 46831 48791 -4.02% 39067 19.87%
Silver 68080 72574 -6.19% 46665 45.89%
Crude Brent$ 75.13 70.21 7.01% 66.29 13.34%
Crude Nymex $ 73.72 67.73 8.84% 61.30 20.26%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
30-Jun 34772 29168 10600 36093 14309
31-May 35527 27115 10492 35243 14052
% 1M -2.12% 7.57% 1.03% 2.41% 1.83%
01-Jan 32103 15722 8210 30234 8047
% since Jan 8.31% 85.52% 29.11% 19.38% 77.81%

INDIAN TRADE(USD MILLION)
Exports 32270
Imports 38550
FDI 2837
Government Bond 10Y 6.05%
GDP YoY 1.60%
Inflation Rate 6.30%
Forex Reserves $ M 603930
IIP % (13.00%)
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 11,372 (1,120)
Debt (4,465) 4,714
Total 1 M 6,907 3,593
Total Since Jan 43,356 41,445
Equity 61,392 (21,838)
Debt (18,036) 63,282

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