April 1, 2022 by BizWhiz Admin in Economy Snapshot 0 comments 211

General News

  • Assembly Elections 2022: BJP retains power in 4 States, landslide win for AAP in Punjab.
  • 2nd terms for CMs in UP, Goa, Manipur and Uttarakhand; Bhagwant Mann takes oath as 18th Punjab CM.
  • Bypolls in West Bengal, Chhattisgarh, Bihar and Maharashtra will be held on April 12, counting on April 16.
  • 2nd part of Budget session of Parliament resumes. Parliament approves ₹1.42 lakh crore budget for J&K.
  • Govt approves acquisition proposals of armed forces worth over ₹8,000 crore.
  • India, China ‘agree to maintain stability on ground’ in 15th round of LAC talks.
  • PM Modi upholds commitment to Indo-Pacific region’s peace, stability and prosperity at QUAD meet.
  • Japan’s PM Fumio Kishida arrives in India; announces ₹3.2 lakh crore worth investments over next 5 years.
  • PM Modi and Scott Morrison hold India-Australia Virtual Summit, discusses regional, international issues.
  • China Foreign Minister Wang Yi meets with NSA Ajit Doval, EAM Jaishankar.
  • PM Modi calls for regional unity and cooperation among BIMSTEC nations.
  • India, Indonesia discusses countering terrorism, cyber safety and maritime security issues.
  • Sonia Gandhi continues as Congress interim President; Congress’ G-23 pushes for party overhaul.
  • Sharad Yadav merges LJD with Lalu Prasad Yadav’s RJD.
  • Assam, Meghalaya sign historic agreement to resolve 50-year-old boundary dispute.
  • India’s COVID-19 cases crosses 4.3 crore, death toll rises to 5.21 lakh; 60.1% of population fully vaccinated.
  • COVID-19 vaccination of children in age group of 12 to 14 begins; more than 1.5 crore received COVID jabs.
  • Centre to end COVID-19 containment measures from March 31; face masks, social distancing to continue.
  • Government restores 5-year e-tourist visa to foreign nationals; 10 years visa to US, Japan citizens.
  • India, Maldives ink pact for mutual recognition of COVID-19 vaccination certificates.
  • Operation Ganga: Over 22500 Indian citizens evacuated so far from Ukraine.
  • National Medical Commission allows foreign medical graduates to complete internship in India after Test.
  • India, WHO sign pact to set up global centre for traditional medicine in Gujarat.
  • Karnataka High Court rules wearing hijab not essential religious practice.
  • Home Ministry amends Census rules to allow self-enumeration, digital data collection.
  • India regrets accidental firing of Brahmos missile into Pak, orders high-level probe.
  • Padma awards: Gen. Rawat, Ghulam Nabi Azad, SII’s Cyrus Poonawalla, Covaxin makers, N Chandrasekhar,
    late Kalyan Singh, Neeraj Chopra among awardees.
  • Russia-Ukraine crisis: India abstains from voting on resolutions led by UN and Russia.
  • Indian Embassy in Ukraine temporarily relocated to Poland.
  • Russia targets Ukraine’s Chernobyl and Zaporizhzhia nuclear plants.
  • US House approves $13.6 billion in aid for Ukraine in huge spending bill.
  • President Biden announces another $500 million in direct aid to Ukraine.
  • Polish, Czech, Slovenian PMs travel to Kyiv in EU show of support for Ukraine.
  • NATO rejects no-fly zone over Ukraine, despite President Zelensky’s repeated pleas.
  • Russia-Ukraine war enters its 36th day; heavy shelling, missile strikes continue.
  • Russia, Ukraine hold face-to-face peace talks in Istanbul.
  • Russia strikes Ukraine with cruise missiles from Black Sea and Caspian Sea.
  • EU imposes 4th set of sanctions against Russia for war.
  • Ukraine’s President Volodomyr Zelenskyy addresses NATO Summit, asks for weapons.
  • US President Biden visits Europe, announces new sanctions and measures to help Ukrainian refugees.
  • Russia halts WWII peace treaty talks with Japan in response to sanctions over Ukraine invasion.
  • US President Joe Biden proposes $1.8 billion for Indo-Pacific Strategy.
  • US Senate approves bill to make daylight saving time permanent.
  • United States reaches 65,000 H-1B visa cap for 2022 USCIS.
  • UN Chief warns pandemic not over, decries ‘scandalous’ vaccine inequality
  • Global COVID-19 caseload 488 million, fatalities at 6.16 million.
  • Shanghai locked down as China’s biggest city sees over 3,400 asymptomatic COVID cases.
  • Pakistani opposition moves no-confidence motion to seek PM Imran Khan’s ouster.
  • Pakistan hosts Organization of Islamic Cooperation meet; Chinese Foreign Minister Wang Yi attends.
  • Conservative candidate Yoon Suk-yeol elected South Korean President.
  • North Korea fires possible ICBM in largest test since 2017; conducts ninth missile test of the year
  • All 132 passengers presumed dead after 737 plane crashes in mountains in China.
  • Oscars 2022: CODA wins Best Film; Dune makes a mark with six wins.
  • India vs Sri Lanka: India sweep the Test series 2-0.
  • Virat Kohli becomes 12th Indian to play in 100 Tests, 6th Indian batsman to reach 8000 runs.
  • ICC Women World Cup: England to face Australia in final.
  • Jhulan Goswami becomes first woman to enter 250-wicket club, joins elite Indian men’s bowlers.
  • IPL 2022 kick off; Lucknow and Gujarat, joined the format taking the total to ten teams this year.
  • MS Dhoni steps down as Chennai Super Kings captain, Ravindra Jadeja to lead in IPL 2022.
  • Bangladesh seal historic one-day series triumph over South Africa.
  • Swiss Open: PV Sindhu clinches title; Prannoy finishes runner-up in men’s singles.
  • Daniil Medvedev overtakes Novak Djokovic for No. 1 in ATP rankings.
  • World No. 1 Ashleigh Barty announces retirement from tennis aged 25.
  • Cristiano Ronaldo becomes all-time leading scorer record on 807 goals.
  • Tiger Woods officially inducted into World Golf Hall of Fame.
  • Legendary Australian spinner Shane Warne dies of heart attack at 52.
  • Court of Arbitration for Sport upholds FIFA’s ban on Russia’s participation in World Cup.

 

Business News

  • Lok Sabha passes Finance Bill; completes budgetary exercise for FY23.
  • Centre seeks Parliament nod for ₹1.07 lakh crore extra spending in 2021-22.
  • Cabinet nod to National Land Monetization Corporation for monetising surplus land of PSUs.
  • Govt collects ₹1.33 lakh crore GST in February, cess collection crosses ₹10,000 crore for first time.
  • Over ₹53,600 crore GST compensation yet to be released to states this fiscal: Nirmala Sitharaman.
  • Nitin Gadkari inaugurates 19 NH projects worth Rs 1,407 crore in Haryana and Rajasthan.
  • India achieved its merchandise export target of $400 billion for FY22.
  • PLI scheme for Automobile, Auto Component Industry attracts investment of ₹74,850 crore.
  • EPFO fixes 8.1% as interest rate on provident fund deposits for 2021-22, lowest since 1977-78.
  • Trade Unions went on 2-day nationwide strike; Banking, public transport services affected in some states.
  • Petrol, diesel prices see 9 hikes in 10 days, total increase now stands at ₹6.40 a litre.
  • BSE joins hands with Tamil Nadu government’s M-TIPB to promote listing of MSMEs.
  • LIC gets SEBI approval to launch India’s biggest ever IPO.
  • TCS’ ₹18,000 crore buyback offer subscribed 7.5 times; acceptance ratio at 26%.
  • India resumes regular International Flights from 27th March; Covid curbs eased in airport, flights.
  • Transactions under the UPI crossed the 5-billion count for the first time in March 2022.
  • RBI Governor Shaktikanta Das launches ‘UPI123Pay’ for feature phones and 24/7 helpline, DigiSaathi.
  • PNB reports fraud of ₹2,000 crore in IL&FS Tamil Nadu Power Company’s loan.
  • DCGI’s EUA nod for Serum Institute’s COVID Vaccine – Covovax – for 12-17 age group.
  • India, Japan launch clean energy partnership at 14th Annual Summit.
  • Food, fuel prices skyrocket in Sri Lanka as it battles worst economic crisis; Sri Lankan rupee tumbles.
  • India extends $1 billion line of credit to Sri Lanka.
  • India signs agreement to set up hybrid power projects on northern Sri Lankan islands.
  • US Fed increases interest rates by 25 bps and signals more hikes ahead.
  • Bank of England raises key rate to 0.75% from 0.5%, warns inflation could break 8%.
  • IMF approves $1.4 billion in emergency funding support for Ukraine.
  • World Bank approves $723 million loans, grants for Ukraine amid Russia invasion.
  • Japan revokes Russia’s ‘Most-Favored Nation’ trade status.
  • Major US, European firms pull out of Russia following invasion; World Bank, BRICS Bank suspend projects.
  • Elon Musk’s SpaceX sent thousands of Starlink satellite internet dishes to Ukraine.
  • IMF board signs off $44 billion Argentina debt deal, warns on risk.
  • Saudi Arabia signs deals worth $2.13 billion with local, foreign defence firms.
  • FATF keeps Pakistan in grey list, tells do more to probe, prosecute terrorists.
  • Indian Railways tests indigenous train collision protection system ‘Kavach’.
  • Cochin Shipyard, Dredging Corporation sign pact to build India’s first indigenous dredger.
  • Prasar Bharati signs MoU with Yupp TV to expand global reach.
  • Lulu Group to invest ₹3,500 crore in Tamil Nadu; 5 UAE firms sign MoUs worth ₹2,600 crore with the state.
  • Samsung signs MoU with TN govt to invest ₹1,588 crore to set up new compressor plant for refrigerators.
  • Suzuki signs MoU with Gujarat govt for electrical vehicles and battery manufacturing in India.
  • India’s largest EV charging station for 4-wheelers opens in Gurugram with a capacity of 121 EV chargers.
  • Hyundai Motor opens first plant in Indonesia to gear up Southeast Asia drive.
  • MG Motor launches new venture ‘MG Charge’ to install 1,000 chargers in India in 1,000 days.
  • Hero MotoCorp unveils new brand ‘Vida’ for emerging mobility solutions.
  • Sony, Honda announce partnership to make electric vehicles.
  • HAL introduces 19-seater aircraft, can be operated in semi-prepared and unpaved airstrips.
  • U.S. FAA finalizes Boeing 777 safety directives after fan blade failures.
  • Elon Musk’s SpaceX wins more NASA crew flights to ISS for $3.49 billion.
  • Australia unveils $360 million in financing of critical minerals to offset China’s dominance.
  • IEA members agree to release 60 million barrels of oil from their strategic reserves.
  • Oil price surges to highest since 2008, as brent hit $139/barrel.
  • India buys Russian oil despite pressure for sanctions; G7 rejects Russia’s demand to pay for gas in Rubles.
  • US, EU announce new partnership to undercut Russian energy.
  • Russia stock market exchange partially reopens after one-month closure.
  • Bharti Airtel prepays ₹8,815 crore towards deferred liabilities for 2015 spectrum.
  • TCS partners with Fletcher Building, Google Cloud to support long-term growth and digital innovation.
  • Tech Mahindra partners with Cisco to drive 5G modernisation and routed optical networking.
  • Google teams up with MeitY to help 100 Indian startups build global apps.
  • EU approves new Digital Markets Act putting clamps on Big Tech.
  • US adds Russia’s Kaspersky, China telecom firms to national security threat list.
  • CBI arrests former NSE CEO Chitra Ramkrishna in co-location scam case.
  • Russians launches ‘Rossgram’- a replacement of Instagram amid war with Ukraine.
  • Amazon announces 20-for-1 stock split, $10 billion share buyback.
  • BYJU’S named as official sponsor of FIFA World Cup Qatar 2022.
  • PVR, INOX announce merger, Ajay Bijli will be MD of combined entity.
  • Zomato acquires a 16.66% stake in Mukunda Foods for $5 million, grants $150-million loan to Blinkit.
  • N Chandrasekaran appointed chairman of Air India as Ilker Ayci declines CEO role.
  • Madhabi Puri Buch takes charge of Chairperson of SEBI.
  • LIC appoints Reliance-Nippon Life’s Sunil Agarwal as CFO ahead of mega IPO.
  • Aviation industry veteran Sanjiv Kapoor appointed Jet Airways CEO.
  • Govt appoints ex-financial services secretary Debasish Panda as IRDAI Chief.
  • Anil Ambani resigns as director of Reliance Power, Reliance Infrastructure

 

WORLD INDICES
Indices 31-Mar 28-Feb % 1M 04-Jan % since Jan
BSE 58569 56247 4.13% 59856 -2.15%
NSE 17465 16794 3.99% 17805 -1.91%
DOW 34678 33893 2.32% 36800 -5.76%
NASDAQ 14221 13751 3.41% 15623 -8.98%
FTSE 7516 7458 0.77% 7505 0.14%
Nikkei 27821 26527 4.88% 29302 -5.05%
Hang Seng 21997 22713 -3.15% 23290 -5.55%
Straits Times 3409 3242 5.13% 3181 7.15%
Shanghai 3252 3462 -6.07% 3632 -10.47%
USD 75.79 75.34 0.59% 74.55 1.66%
Euro 83.92 84.35 -0.51% 84.15 -0.28%
GBP 99.56 101.03 -1.45% 100.91 -1.33%
Yen/100INR 0.62 0.65 -5.29% 0.64 -3.55%
Gold 51584 50815 1.51% 47950 7.58%
Silver 67590 64896 4.15% 62247 8.58%
Crude Brent $ 104.64 98.94 5.76% 79.77 31.18%
Crude Nymex $ 100.03 96.72 3.42% 76.80 30.25%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Mar 36374 36317 10552 36288 13584
28-Feb 36205 33848 10821 35515 12928
% 1M 0.46% 7.30% -2.48% 2.17% 5.08%
04-Jan 36840 39371 11139 37800 14041
% since Jan -1.27% -7.76% -5.27% -4.00% -3.25%

INDIAN TRADE(USD MILLION)
Exports in ($ Bn) 34.57
Imports ($ Bn) 55.45
FDI 5905
Government Bond 10Y 6.84%
GDP YoY 5.40%
Inflation Rate 6.07%
Forex Reserves ($ Bn) 619680
IIP % 1.30%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (37,945) 22,410
Debt (4,369) (7,217)
Total 1 M (42,314) 15,193
Total Since Jan (1,09,002) 63,420
Equity (1,05,881) 65,191
Debt 3,121 (1,771)

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