April 5, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 987

General News

  • Second phase COVID-19 vaccination drive begins for people over 60 & above 45 years with co-morbidities.
  • Centre asks States, UTs to increase gap between two doses of Covishield vaccine between 4 & 8 weeks.
  • PM Modi chairs high-level meeting with all CMs of States & UTs over surge in COVID-19 cases.
  • India COVID tally reaches 12.20 million with over 244 million tests done; recovery rate stands at 93.88% .
  • Global COVID-19 caseload tops 129 million, death toll surge to 2.82 million.
  • Over 6.30 crore doses of corona vaccine have been administered in the country
  • President gives assent to bill giving more powers to Delhi Lieutenant Governor.
  • More than 67.5 lakh people brought back from around the world under Vande Bharat Mission.
  • India supplies over 5.86 crore doses of Made in India COVID vaccines to nearly 71 countries.
  • Assembly elections 2021, 1st Phase: 2.14% voter turnout recorded in Assam and 79.79% in Bengal.
  • Campaigning for 2nd phase polling in West Bengal, Assam ends today; polling on April 1.
  • Election Commission cuts notice period for new political parties from 30 days to 7 days.
  • Suvendu Adhikari to contest Bengal election from Nandigram seat against Mamata Banerjee.
  • Ex-BJP leader Yashwant Sinha joins Trinamool Congress, appointed as party’s Vice President.
  • Congress’s PC Chacko quits party ahead of Kerala polls, joins NCP.
  • V K Sasikala quits politics ahead of Assembly elections in Tamil Nadu.
  • CM Manohar Lal Khattar’s govt wins trust vote in Haryana assembly comfortably.
  • Uttarakhand CM Trivendra Singh Rawat resigns; BJP MP Tirath Rawat named new CM.
  • Quad Meet: Australia, India, Japan and the US stress for a free, open and rule-based Indo-Pacific region.
  • India, Sweden hold virtual summit, agree to strengthen bilateral cooperation on digitalization, startups.
  • India, Nigeria resolve to step up cooperation in combating terrorism.
  • PM Modi virtually inaugurates ‘Maitri Setu’ connecting India-Bangladesh.
  • India, Bangladesh ink 5 agreements; agree to expand cooperation across entire gamut of water resources.
  • US Defence Secretary Austin visits India; meets PM Modi, Rajanth Singh and NSA Ajit Doval.
  • US Defense Chief Lloyd Austin meets Afghan President in Kabul as troop withdrawal deadline nears.
  • Govt constitutes 259-member panel headed by PM to commemorate 75 years of India’s independence.
  • Digitisation of 4.50 crore pages of Records & Exhibition on Mahatma Gandhi inaugurated.
  • World Water Day: PM Modi virtually launches Jal Shakti Abhiyan : Catch the Rain campaign.
  • Delhi gets its own education board as government registers Delhi Board of School Education (DBSE).
  • Govt signs ₹1,188 crores deal with Bharat Dynamics to acquire 4,960 Milan-2T missiles.
  • After 23 years, Indian Navy deploys women officers on warships.
  • INS Karanj, third Scorpene-Class Submarine, commissioned into Indian Navy.
  • India to buy 30 US Predator drones for $3 billion to counter China, Pakistan.
  • ISRO launches DRDO’s satellite ‘Sindhu Netra’ to monitor activities in Indian Ocean.
  • ISRO develops radar for joint earth observation satellite mission with NASA.
  • China approves building dam on Brahmaputra in Tibet, near Arunachal Pradesh border.
  • WHO experts report says it has ‘not yet’ found source of coronavirus; calls for further studies.
  • EU states resume AstraZeneca vaccine after EU drug regulator declares shot safe for use.
  • US President Biden outlines plan to get US ‘closer to normal’ by July 4.
  • French PM announces month-long limited COVID-19 lockdown for Paris, other regions.
  • Germany extends lockdown until April 18 as COVID-19 cases continue to rise.
  • Australia extends international border closure till June in view of COVID crisis.
  • China relaxes its border for foreigners inoculated with Chinese vaccines.
  • Russia, Iran tried to meddle in 2020 Presidential elections: US intelligence report.
  • Pentagon approves extending Guard deployment at US Capitol for 2 more months.
  • US President Biden signs $1.9 trillion stimulus bill into law on US lockdown anniversary.
  • US House passes pair of immigration bills amid influx of migrants crossing US-Mexico border.
  • Myanmar coup: Dozens killed as army opens fire on protesters during deadliest day.
  • Suez Canal reopens after Ever Given cargo ship successfully refloated.
  • Pope Francis visits regions of Iraq once held by Islamic State.
  • NASA’s Perseverance rover performs first test drive on Mars.
  • IND vs ENG: India managed to win all the series — Test 3-1, ODI 3-2, T20 2-1.
  • IPL 2021 to take place from 9 April to 30 May; six Indian cities to host all matches.
  • Kieron Pollard becomes third batsman to hit six 6s in an over in international cricket.
  • Aaron Finch becomes first Australia batsman to hit 100 Sixes in T20Is.
  • Mithali Raj becomes first Indian woman to score 10,000 international runs, second overall.
  • Yuzvendra Chahal leapfrogs Jasprit Bumrah, becomes India’s highest wicket-taker in T20Is.
  • India’s Mithali Raj has become the first women’s cricketer in history to reach 7000 ODI runs.
  • Virat Kohli becomes first batsman to complete 3000 runs in T20I cricket.
  • Puma signs three-year sponsorship deal with Royal Challengers Bangalore.
  • Sony Pictures Networks signs multi-year agreement to broadcast Ultimate Kho Kho.
  • Novak Djokovic sets a new landmark of 311 weeks as world number one, surpassing Roger Federer.

 

Business News

  • Govt releases 12th and final monthly instalment of revenue deficit grant of ₹6,194.09 crore to the states.
  • Cabinet clears bill for new Development Finance Institution.
  • President Kovind Approves Bill to Set up National Bank for Financing Infrastructure and Development.
  • Adityanath, Hardeep Singh flagged off Gorakhpur-Lucknow flight service under RCS-UDAN scheme.
  • Rajya Sabha passes Insurance Amendment Bill, 2021; FDI limit increased to 74% from 49%.
  • Govt constitutes empowered committee headed by Commerce Minister for high-tech manufacturing.
  • Waiver on registration fee, 25% rebate on road tax: Gadkari announces vehicle scrappage policy.
  • Govt to levy fine of up to ₹1 crore on auto firms on mandatory vehicle recalls.
  • Govt makes passenger side airbag mandatory in new cars from April 1.
  • Govt to provide all-India tourist permit to operators in 30 days of online application submission.
  • Govt increases lower fare band for flights by 5% on ATF price hike, extends cap on 80% capacity.
  • DGCA issues circular for airports, warns passengers to wear masks properly inside aircraft.
  • Adityanath, Hardeep Singh flagged off Gorakhpur-Lucknow flight service under RCS-UDAN scheme.
  • Govt approves 33 API applications with over ₹5,000 crore committed investment under PLI scheme.
  • NITI Aayog submits first list of about 12 PSUs for privatisation.
  • BIS license is must for packaged drinking water companies from April 1: FSSAI.
  • Easy Trip Planners’ , Kalyan Jewellers, Craftsman Automation, Laxmi Organic Industries’, MTAR Technologies,
    Nazara Technologies, Suryoday Small Finance Bank, Barbeque Nation Hospitality debut in stock market.
  • RBI asks banks to implement image-based Cheque Truncation System in all branches by Sep 30.
  • No compound, penal interest be charged from borrowers during loan moratorium period: SC.
  • Govt amends rules to bring insurance brokers within ombudsman ambit.
  • India to manufacture Johnson & Johnson’s COVID-19 vaccine as part of Quad initiative.
  • Govt signs fresh purchase agreement with Bharat Biotech for 2 crore doses of Covaxin.
  • National Pharmaceutical Pricing Authority (NPPA) brings more than 80 medicines under Price Regulation.
  • US to provide financial assistance to Indian vaccine manufacturer Biological E.
  • Russia reaches deal with Virchow Biotech to make Sputnik V in India.
  • Gland Pharma inks pact to supply 252 million doses of Sputnik V COVID-19 vaccine.
  • Moderna, AstraZeneca, Pfizer conduct COVID vaccine trials on children.
  • Spectrum auction ends with ₹77,815 crore bids; Reliance Jio top buyer with ₹57,122 crore.
  • DoT demands ₹21,919 crore as upfront payment for spectrum from telecom companies.
  • SC sets aside NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group.
  • Future-RIL deal: Delhi HC halts ₹24,713 crore acquisition; orders attachment of Biyani’s assets.
  • India and US agree to revamp India-US Strategic Energy Partnership (SEP).
  • US suspends trade deal with Myanmar in aftermath of military coup.
  • Bank Of Japan maintains short-term interest rate target at -0.1%.
  • UK’s Rishi Sunak hikes corporation tax to 25% , extends job support system until September.
  • China sets economic growth target ‘above 6%’ for 2021, defense budget hiked by 6.8% to $209 billion.
  • Inflation-stricken Venezuela rolls out new, larger-denomination banknotes.
  • Turkish lira falls 16% after President Erdogan sacks central bank chief.
  • Sri Lanka signs three-year $1.5 billion currency swap deal with China.
  • Infosys announces expansion in Canada, double workforce to 4,000 by 2023.
  • HCL Tech opens digital acceleration centre in Canada.
  • Tata Consultancy expands strategic partnership with Vodafone Netherlands.
  • Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise for €21million.
  • OPEC+ decides to extend current production cuts till April; allows Russia, Kazakhstan to raise output.
  • Saudi cuts April crude for some Asian refiners, maintains India supply.
  • Indian Oil Corporation enters into joint venture with Israeli firm Phinergy.
  • Mahindra receives clearance from RBI to reduce stake in SsangYong Motor.
  • Jaguar Land Rover to write down £1.5 billion as part of restructuring.
  • Piaggio, KTM, Honda, Yamaha sign swappable batteries agreement to increase range and lower cost.
  • Boeing unveils new executive performance metrics tied to product safety and quality.
  • Boeing wins biggest 737 MAX order since safety-ban lift from Southwest.
  • Mahindra Defence wins contract to make armoured vehicles for Indian army.
  • India imports Chinese toys worth $600 million every year.
  • China asks Alibaba to divest stake in media assets, including South China Morning Post.
  • Morgan Stanley becomes first major U.S. bank to offer clients access to bitcoin funds.
  • Sri Lanka approves proposal to develop West Container Terminal at Colombo Port with Adani group.
  • Facebook resume Political and Social issue Advertisements on its platform.
  • News Corp reaches three-year agreement with Facebook in Australia.
  • Google  to reduce its Play Store commission to 15% for developers on first $1 million revenue.
  • Apple ordered to pay over $300 million for digital rights management patent infringement.
  • Amazon Care marks the Company’s entry into Healthcare services in the US.
  • Microsoft ends support for original cross-platform Edge browser.
  • PhonePe signs up six sponsorship deals for the IPL 2021.
  • Amazon infuses ₹225 crore into India payments unit.
  • Uber agrees to classify drivers in UK as ‘workers’; to give drivers minimum wage, pension, holiday pay.
  • SpaceX successfully tests Starship SN10 rocket after 2 failed attempts.
  • Oyo’s Singapore subsidiary secures $200 million term loan from SoftBank.
  • Indian Gaming League raises $500,000 from Hungama Digital Media and Hindustan Talkies.
  • Vi partners with Disney+ Hotstar to provide year of free content to users.
  • Disney+ streaming platform crosses 100 million subscriber milestone.
  • Canara Bank’s Executive Director Matam Venkata Rao appointed as new MD & CEO of Central Bank.
  • US Senate confirms Katherine Tai as Biden’s chief trade negotiator.
  • Ralf Speth to take over as TVS Motor Chairman in 2023 Venu Srinivasan will become Chairman Emeritus.
  • Google vice-president Caesar Sengupta steps down.
  • Dr Anish Shah to replace Dr Pawan Goenka as Mahindra MD and CEO.

 

WORLD INDICES
Indices 28-Feb 29-Jan %1M 01-Jan % since Jan
BSE 49509 49100 0.83% 41306 19.86%
NSE 14691 14529 1.11% 12183 20.59%
DOW 32982 30932 6.62% 28538 15.57%
NASDAQ 13247 13192 0.41% 8973 47.64%
FTSE 6714 6483 3.55% 7542 -10.99%
Nikkei 29179 28966 0.73% 23657 23.34%
Hang Seng 28378 28980 -2.08% 28190 0.67%
Straits Times 3165 2949 7.33% 3223 -1.78%
Shanghai 3442 3509 -1.91% 3050 12.85%
USD 73.11 73.47 -0.49% 71.22 2.64%
Euro 85.73 88.73 -3.37% 79.94 7.25%
GBP 100.78 102.39 -1.57% 94.36 6.80%
Yen/100INR 0.66 0.69 -4.11% 0.66 0.87%
Gold 44510 45767 -2.75% 39067 13.93%
Silver 63576 67475 -5.78% 46665 36.24%
Crude Brent $ 63.54 66.13 -3.92% 66.29 -4.15%
Crude Nymex $ 59.39 61.50 -3.43% 61.30 -3.12%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Mar 33304 25855 9862 34932 12273
28-Feb 34804 24301 10170 32443 11928
% 1M -4.31% 6.39% -3.02% 7.67% 2.89%
01-Jan 32103 15722 8210 30234 8047
% since Jan 3.74% 64.45% 20.13% 15.54% 52.51%

INDIAN TRADE(USD MILLION)
Exports 27930
Imports 40540
FDI 3520
Government Bond 10Y 6.18%
GDP YoY 0.40%
Inflation Rate 5.03%
Forex Reserves $ M 582271
IIP % (1.00%)
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 19,124 (123)
Debt (5,550) 6,936
Total 1 M 13,574 6,813
Total Since Jan 51,445 (11,416)
Equity 65,899 (30,311)
Debt (14,453) 18,895

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