December 2, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 333

General News

  • Winter Session of Parliament begins from November 29, to go on till December 23.
  • PM Modi announces repeal of 3 contentious farm laws; Farm laws repeal Bill passed by both the Houses.
  • WHO names new COVID strain ‘Omicron’, classifies it as ‘highly transmissible’.
  • Centre advises States to ramp up testing for early detection of cases over Omicron scare.
  • India COVID tally touches 3.46 crores, Active cases account for 0.30% of total infections.
  • Global COVID-19 caseload crosses 263 million: deaths surge to more than 5.2 million.
  • Over 124 crore COVID vaccine doses administered I India so far; 32% fully vaccinated.
  • India to hit net-zero climate target by 2070: PM Modi at COP26 climate summit.
  • Almost 200 nations strike climate deal with coal compromise; International Solar Alliance signs UN pact.
  • Centre extends funding for weather, climate services to ₹2,135 crore.
  • Defence Acquisition Council gives nod to production of AK 203 rifles.
  • Ajit Doval chairs Security Dialogue on Afghanistan; NSAs of 7 countries raise issue of terrorism in Kabul.
  • CDS General Rawat meets Czech Army’s Chief of General Staff, discusses bilateral defence cooperation.
  • Gen Naravane meets with Israeli General; discusses aspects of bilateral military cooperation.
  • Admiral R Hari Kumar takes charge as 25th Chief of Naval Staff.
  • Defence Ministry formally lifts ban on Italian firms Leonardo SpA, AgustaWestland.
  • President confers honorary rank of ‘General of the Indian Army’ to Nepal Army Chief.
  • President Ram Nath Kovind confers Gallantry Awards and Padma Awards.
  • PM Modi launches 341km long Purvanchal Expressway; inaugurates projects worth ₹3,240 crore in UP.
  • PM Modi inaugurates re-development projects worth ₹130 crore in Uttarakhand.
  • Centre releases about ₹8,400 as health sector grant to states.
  • Govt extends 5-kg free foodgrains scheme till March 2022 under PMGKAY.
  • Delhi govt extends free ration supply till May 2022; approves allocation of ₹1,544 crore for COVID-19.
  • Air pollution: Delhi govt bans construction, demolition activities, entry of trucks till further orders.
  • Workers affected by ban on construction activities to be given ₹5,000 each: CM Arvind Kejriwal.
  • Assam CM Himanta Biswa and Mizoram CM Zoramthanga agree to form panel to solve the border dispute.
  • Rajasthan Cabinet expansion: 11 Cabinet Ministers, 4 MoS sworn in including 5 Pilot loyalists.
  • Captain Amarinder Singh quits Congress, launches new party ‘Punjab Lok Congress’.
  • Jammu and Kashmir gets State Investigation Agency to conduct speedy probes in terror-related cases.
  • Heavy rains lashes most parts of South India; Andhra, Tamil Nadu, Kerala received over 100% rains in Nov.
  • Ex-Meghalaya CM Mukul Sangma joins Trinamool with 11 MLAs.
  • Trinamool names ex-Goa CM Luizinho Faleiro as candidate for Rajya Sabha bypoll.
  • Samajwadi Party Chief Akhilesh Yada finalises alliance with Rashtriya Lok Dal for upcoming UP elections.
  • Kartarpur Sahib Corridor reopens after 20 months.
  • Shimla tops Niti Aayog’s urban development index followed by Coimbatore and Chandigarh.
  • Swachh Survekshan 2021 Awards: Indore’s clean sweep bags top honours fifth time in a row.
  • India re-elected to UNESCO executive board for 2021-25 term.
  • Pakistan allows India to send 50,000 wheat over land to Afghanistan.
  • US mandates vaccines or weekly tests for big companies by January 4.
  • Biden-Xi virtual meeting ends with both sides calling for more cooperation amid tensions.
  • Biden signs the $1 trillion bipartisan infrastructure bill into law; House sends social spending bill to Senate.
  • Xi Jinping officially announces establishment of China-ASEAN comprehensive strategic partnership.
  • UK PM Johnson and French President Macron agree to step up efforts to prevent migrant crossings.
  • German parties seal coalition deal to make Olaf Scholz chancellor.
  • UAE reopens embassy in Afghanistan; Taliban says ‘we have good relations’.
  • China’s Communist Party’s key conclave passes ‘landmark resolution’ ensuring Xi Jinping’s record 3rd term.
  • Beijing tightens measures as COVID cases spike, raises concerns over zero-virus policy.
  • Countries reintroduce travel bans over omicron variant.
  • Fumio Kishida reelected Japan’s Prime Minister in parliamentary vote.
  • US, Canada, Mexico leaders meet in first summit since 2016.
  • Sri Lanka reports new sub-lineage of COVID-19’s Delta variant.
  • Troika Plus: Pakistan pitches for including Taliban in talks on Afghanistan with US, Russia, China envoys.
  • Pakistan enacts law to give Kulbhushan Jadhav right to file review appeal against his conviction.
  • Sudan’s military agrees to reinstate ousted PM Abdalla Hamdok.
  • T20 World Cup: Australia win their 1st title by outclassing New Zealand in final.
  • India vs New Zealand: India wins the T20I series 3-0; 1st Test ends in draw.
  • BCCI appoints Rahul Dravid as India head coach till 2023 ODI World Cup.
  • West Indies all-rounder Dwayne Bravo to retire from international cricket after T20 World Cup.
  • AB de Villiers announces retirement from all forms of cricket.
  • Australian Open confirms players must be vaccinated to play in 2022.
  • J&K’s alpine skier Arif Khan becomes first Indian to win 2022 Winter Games quota.
  • Lionel Messi wins record 7th Ballon d’Or as Barcelona’s Alexia Putellas claims women’s award.

 

Business News

  • Centre notifies GST rate changes for footwear, textiles to correct inverted duty structure.
  • Auto-rickshaw services provided through e-commerce platforms to attract 5% GST.
  • Centre releases ₹17,000 crore as GST Compensation to States, UTs.
  • India’s Purchasing Managers’ Index moves up to 55.9 as against 53.7 in September.
  • India’s service sector PMI surges to decade high at 58.4 in October.
  • Cabinet approves construction of 32,152 km roads in far-flung areas of country at a cost of ₹33,822 crore.
  • PM Modi lays foundation stone of highway projects worth ₹11,090 crore in Maharashtra.
  • Govt to install 6,000 EV charging stations across 9 expressways in the country.
  • Centre cuts excise duty on petrol by ₹5, diesel by ₹10 in Diwali reprieve.
  • Commercial LPG cylinder price hiked by ₹266; no change for domestic use.
  • Government announces bill to ban cryptocurrencies, push official digital currency of RBI.
  • Centre approves ₹6,466 crore package for telecom services in remote areas.
  • SIDBI ties up with Google to support MSMEs with upto ₹1 crore.
  • Govt inks $61 million loan pact with ADB for development projects in Agartala.
  • Jyotiraditya Scindia launches online platform e-GCA to provide 298 services of DGCA.
  • India, ADB sign $300 million loan pact to boost primary health care in country.
  • RBI issues revised Prompt Corrective Action framework for banks, to be effective from Jan 1 .
  • RBI gives go-ahead to FPIs to invest in InvITs, REITs.
  • PB Fintech, Fino Payments, One 97(Paytm), Nykaa, Sapphire Foods, Tarsons Product, Go Fashion, Sigachi Industries make their market debuts.
  • India resumes overseas supply of India-made COVID-19 vaccines.
  • India’s first homegrown COVID-19 vaccine Covaxin wins WHO emergency use listing.
  • Bharat Biotech’s US partner Ocugen seeks Covaxin approval for kids.
  • President Biden nominates Jerome Powell for second term as Fed chief, opting for continuity.
  • China’s central bank injects 1 trillion yuan via medium-term loans into the financial system.
  • Bank of England holds interest rate at a record low 0.1% despite soaring inflation.
  • Japan unveils record stimulus package worth $490 billion to fix ailing economy.
  • US launches auction for 32 million barrels of crude oil from 4 strategic petroleum reserves (SPR) sites.
  • G20 nations agree to limit global average temperature increase to 1.5 C above pre-industrial levels.
  • India, Indonesia, Philippines and South Africa join coal transition programme.
  • US bank BNY Mellon cuts ties with Adani’s Carmichael coal mine in Australia.
  • Reliance Industries exits US shale gas business.
  • UK launches India Green Guarantee, commits new funds for EVs in India.
  • Maruti Suzuki Toyotsu India opens first vehicle scrapping unit in Noida.
  • Rivian and Ford scrap plans to develop an electric vehicle together.
  • Ford partners with GlobalFoundries to advance semiconductor chip manufacturing in the U.S.
  • Rakesh Jhunjhunwala-backed Akasa Air orders 72 Boeing 737 Max Aircraft to launch service in India.
  • Boeing reaches $225 million settlement in shareholder lawsuit over 737 Max safety.
  • General Electric to split into 3 public companies to simplify business, pare debt.
  • Airtel conducts India’s 1st 5G trial in 700 MHz band with Nokia in Kolkata.
  • OPPO conducts first 5G call from Hyderabad lab.
  • Bharti Airtel, Oracle widen alliance to bring cloud solutions range to over 1 million enterprise users.
  • Lava becomes first Indian brand to launch 5G smartphone.
  • Govt asks Indians to not subscribe to Elon Musk’s satellite internet service Starlink.
  • IBM, Amazon partner to extend reach of data tools for oil companies.
  • Microsoft enters metaverse race by launching 3D avatars and immersive meetings on Teams.
  • Acer India, Dixon Tech partner to manufacture 500,000 laptops annually.
  • Apple allows self-repairs to iPhones and Mac computers.
  • Microsoft to end support for OneDrive desktop application on Windows 7, 8, and 8.1 from March 1.
  • Google signs 5-year licensing deal with AFP for paid news subscription.
  • Yahoo pulls out of China, citing ‘challenging’ environment.
  • Google commits $740 million to Australia to mend ties after exit threat.
  • Amazon, Apple hit with € 200 million antitrust fine in Italy.
  • Myntra launches ‘M-Live’ for real-time video-enabled, interactive shopping experience.
  • NPCI increases WhatsApp UPI payment cap to 40 million users from 20 million.
  • Uber hits its 100th city milestone in India with launch in Telangana’s Warangal.
  • Mensa Brands becomes India’s fastest startup to turn unicorn, raises $135 million.
  • NoBroker becomes India’s first proptech unicorn after $210 million funding round.
  • Twitter co-founder Jack Dorsey steps down as CEO, succeeded by Parag Agrawal.

 

Q2 Results

  • SBI Q2 net profit surges 67% YoY to ₹7,627 crore, NII up 29% at ₹31,183.9 crore, NNPA down at 1.52%.
  • HDFC Q2 net profit rises 32% to ₹3,780 crore, revenue from operations rose 4% to ₹12,216 crore.
  • Tata Motors consolidated loss widens to ₹4,441 crore in Q2, revenue increase 14.6% to ₹61,378 crore.
  • M&M Q2 Net profit soars 785% YoY to ₹1,431.7 crore, revenue grows 14.7% to ₹13,305.4 crore.
  • Ashok Leyland reports Q2 net loss at ₹84 crore, consolidated revenue up by 44% YoY to ₹5,562 crore.
  • Hero MotoCorp Q2 Net profit falls 17% YoY to ₹794 crore, revenue declines 11% to ₹8,453.40 crore.
  • IRCTC Q2 net profit soars 386% YoY to ₹159 crore, revenue spiked 357.3% YoY to ₹404.9 crore.
  • ONGC reports highest ever net profit by any corporate at ₹18,347 crore in Q2.
  • Sun Pharma Q2 net profit rises 13% YoY to ₹2,047 crore, revenue rose 12.5% to ₹9,625.9 crore.
  • Bharti Airtel Q2 Revenue rises 13% to ₹28,326 crore; PAT climbs to ₹1,134 crore.
  • Vodafone Idea loss narrows sequentially to ₹7,132 crore in Q2.
  • Zomato Q2 net loss widens to ₹434.9 crore, revenue up at ₹1,024.2 crore.
  • Paytm Q2 revenue jumps 64%, net loss widens to ₹473 crore.
  • Nykaa reports 96% decline in Q2 net profit at ₹1.1 crore, revenue up 47% YoY to ₹885 crore.

WORLD INDICES
Indices 31-Oct 30-Sep %1M 01-Jan % since Jan
BSE 57065 59307 -3.78% 41306 38.15%
NSE 16983 17672 -3.90% 12183 39.41%
DOW 34484 35820 -3.73% 28538 20.83%
NASDAQ 15538 15498 0.25% 8973 73.17%
FTSE 7059 7238 -2.46% 7542 -6.40%
Nikkei 27822 28893 -3.71% 23657 17.61%
Hang Seng 23475 25377 -7.49% 28190 -16.72%
Straits Times 3041 3198 -4.91% 3223 -5.63%
Shanghai 3564 3547 0.47% 3050 16.84%
USD 75.16 74.88 0.38% 71.22 5.53%
Euro 85.37 86.59 -1.41% 79.94 6.80%
GBP 100.41 102.47 -2.01% 94.36 6.42%
Yen/100INR 0.67 0.66 1.39% 0.66 1.62%
Gold 47650 47607 0.09% 39067 21.97%
Silver 61670 64540 -4.45% 46665 32.15%
Crude Brent $ 70.57 84.38 -16.37% 66.29 6.46%
Crude Nymex $ 67.58 83.57 -19.13% 61.30 10.24%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
30-Nov 35695 35044 10604 37387 13663
31-Oct 39116 34409 11297 38222 13879
% 1M -8.74% 1.85% -6.14% -2.18% -1.56%
01-Jan 32103 15722 8210 30234 8047
% since Jan 11.19% 122.89% 29.15% 23.66% 69.79%


INDIAN TRADE(USD MILLION)
Exports 35650
Imports 55370
FDI 2873
Government Bond 10Y 6.33%
GDP YoY 8.40%
Inflation Rate 4.48%
Forex Reserves $ M 640401
IIP % 3.10%

INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (469) 13,513
Debt 772 12,772
Total 1 M 303 26,285
Total Since Jan 46,848 1,54,934
Equity 42,326 24,949
Debt 4,521 1,29,986

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