November 2, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 603

General News

  • India crosses 100 crore COVID vaccinations milestone; over 106.14 crore vaccinated so far.
  • India COVID tally touches 34.2 million, Active cases account for 0.48% of total infections; recovery rate improves to 98.18%.
  • PM Modi launches Swachh Bharat-Urban 2.0, AMRUT 2.0 for ‘Garbage Free’ and ‘Water Secure’ cities.
  • PM Modi launches Jal Jeevan Mission App and Rashtriya Jal Jeevan Kosh.
  • 16th East Asia Summit: PM Modi calls for free, open and inclusive Indo-Pacific.
  • PM Modi hosts Danish PM; both countries agree on 5-year plan to implement green strategic partnership.
  • G20 Summit: PM Modi highlights India’s contribution to fight against COVID.
  • Foreign Secretary Harsh Vardhan Shringla calls on Sri Lankan PM Mahinda Rajapaksa.
  • Jaishankar, UK counterpart agree to facilitate travel between two nations.
  • US Navy chief Admiral Mike Gilday arrives in Delhi; holds talks with Navy Chief Admiral Karambir Singh.
  • Gen Naravane meets Sri Lanka’s top civilian and military leadership; discusses steps to boost defence ties.
  • Jaishankar takes part in new quadrilateral with Israel, UAE and U.S.
  • Jaishankar calls on Israeli President, PM; discusses bilateral full potential of bilateral relations.
  • S Jaishankar-UK counterpart Liz Truss review progress on roadmap 2030; discuss terror, Afghanistan.
  • S Jaishankar holds talks with UK CDS Gen. Carter on Afghanistan situation, issues related to Indo-Pacific.
  • India allows foreign tourists travelling by chartered flights from Oct 15, rest from Nov 15.
  • Indian Space Association, industry body of Indian space and satellite companies, launched.
  • Parliament panels reconstituted; Congress leaders retained as Chairmen.
  • Amit Shah approves release of ₹7,274 crore to 23 states as central share of State Disaster Response Fund.
  • Union Cabinet approves affiliation of 100 schools in Govt, private sector with Sainik School Society.
  • Army chief reviews security situation at forward areas along LoC in Jammu and eastern Ladakh.
  • India deploys Pinaka, Smerch rocket system on China border.
  • Agni-5, surface-to-surface ballistic missile capable of striking targets up to 5,000 km, successfully test-fired.
  • India-China standoff clashes: 20 ITBP personnel honoured with gallantry medals.
  • Sonia Gandhi reinstates her position as a full-time and hands-on Congress President.
  • Bhabanipur Bypoll: Mamata Banerjee secures chief minister’s seat, wins bypolls.
  • Lakhimpur Kheri: UP govt announces ₹45 lakh, govt jobs for families of 4 farmers who died in the incident.
  • Tamil Nadu rejects National Education Policy 2020, to form expert panel to formulate State Policy.
  • Uttarakhand rains: Death toll 64, state govt pegs damage at ₹7,000 crore
  • Kerala rains: At least 27 people killed after torrential rain triggers landslides and floods.
  • Pegasus spyware case: SC forms three-member committee to probe snooping allegations
  • SC asks Kerala, TN to abide by supervisory committee’s view to maintain water level in Mullaperiyar dam.
  • IAF showcases Sukhoi Su-30, Rafale at Hindon airbase on 89th Air Force Day.
  • Tamil drama ‘Koozhangal’ is India’s official entry for Oscars 2022.
  • Rajinikanth receives the Dadasaheb Phalke Award at 67th National Film Awards ceremony in Delhi.
  • Journalists Maria Ressa and Dmitry Muratov win Nobel Peace Prize.
  • Global COVID-19 caseload tops 247.4 million: deaths surge to more than 5 million.
  • WHO panel recommends COVID vaccine booster shot for people with weak immunity.
  • WHO forms new 26-member team, says this may be ‘last chance’ to find COVID-19 origins.
  • UN starts vaccinating people against Ebola in Congo.
  • Australia, New Zealand ease COVID-19 travel advisory ahead of border reopening.
  • China re-imposes fresh lockdowns amid rising Covid-19 cases.
  • Moscow shuts most workplaces as COVID-19 infections, deaths soar.
  • Pakistan FM Qureshi, ISI chief Hameed visit, hold talks with Taliban leaders in Kabul.
  • Moscow hosts worldwide talks on Afghanistan, calls for inclusive government.
  • Afghanistan resumes passport issuance after a few months delay.
  • US President Biden, Europeans take up Iran nuclear program in Rome talks.
  • Biden signs bill to avert government shutdown, approves bill to fund government through Dec. 3.
  • US govt allows fully vaccinated foreign travellers to enter country from November 8.
  • UK approves India-made Covishield; drops 10-day quarantine for Indians.
  • Mauritius exits FATF grey list; Turkey joins Pakistan on the list for failing to check terror financing.
  • Sudan PM returns home, remains under guard after military takes power in coup and arrests leaders.
  • Kim Jong Un orders people to eat less as North Korea faces acute food shortage.
  • Fumio Kishida elected as new Prime Minister; lower house dissolved for October 31 national election.
  • Qatar’s first legislative elections see 63.5% voter turnout
  • ICC Women’s T20 rankings: Shafali Verma drops to second spot, Smriti Mandhana static at third.
  • Rahul Dravid to succeed Ravi Shastri as India’s head coach after T20 World Cup.
  • India win 8th SAFF Championship title, Chhetri equals Messi 80-goal record.
  • Germany unveils logo for soccer’s Euro 2024 tournament.
  • Australia’s Ellyse Perry is 1st woman cricketer to achieve 5000 runs, 300 wickets in international cricket.
  • IPL 2021: Chennai Super Kings beat Kolkata Knight Riders by 27 runs to clinch fourth IPL title.
  • New IPL teams: CVC Capital wins bid for Ahmedabad, RP-Sanjiv Goenka Group gets Lucknow.
  • Shakib Al Hasan becomes highest wicket-taker in T20 Internationals.
  • ICC men’s T-20 World Cup 2021 kicks off in the UAE.
  • ISSF Junior World Championships: India tops table with 9 gold medals.

 

Business News

  • Gati Shakti: PM Modi launches ₹100-lakh crore national master plan for multi-modal connectivity.
  • Centre releases ₹40,000 crore to States/UTs to meet GST compensation shortfall.
  • Finance Ministry releases ₹9,871 crore of revenue deficit grant to 17 states.
  • Nirmala Sitharaman discusses issues of anti-money laundering, terror financing with Janet Yellen.
  • Nirmala Sitharaman hold talks World Bank chief, discusses post-pandemic economic recovery, other issues.
  • Piyush Goyal meets trade ministers from UK, US, Brazil, Australia, S Africa, South Korea on G-20 sidelines.
  • Vehicle Scrapping Policy to come into force from 1st April 2022; list of incentives, disincentives released.
  • Oil touches 7-year high after OPEC+’s plan for gradual output hike; LPG, fuel rates surge to record highs.
  • Country’s power crisis eases on account of increased coal supply, onset of winter.
  • Govt begins process for self-reliance in green energy; global bids invited for setting up new units.
  • PM Modi inaugurates UP’s 3rd international airport in Kushinagar, to boost tourism on Buddhist circuit.
  • Govt approves 31 proposals for telecom PLI scheme entailing ₹3,345 crore investment.
  • RBI keeps policy rate unchanged at 4% for 8th time in a row, revises FY22 retail inflation projection to 5.3%.
  • RBI maintains GDP growth target for FY22 year at 9.5% ; IMPS daily transaction limit increased to ₹5 lakh.
  • HDFC Bank, Mastercard, USAID and DFC launch $100 million credit facility for MSMEs in India.
  • Paras Defence makes stellar stock market debut; Aditya Birla Sun Life makes a tepid debut.
  • Centre permits export of 4 million doses of COVID-19 vaccine Sputnik Light manufactured in India to Russia.
  • WHO seeks ‘additional clarifications’ for Covaxin to conduct final ‘risk-benefit assessment’.
  • Covaxin approved for emergency use in children aged 2 years and above.
  • US FDA clears Moderna, J&J COVID vaccine booster shots; clears Pfizer’s vaccine for kids aged 5 – 11 years.
  • EU regulator OKs Pfizer vaccine booster for 18 and older.
  • Tata Sons wins bid for acquiring national carrier Air India at ₹18,000 crore.
  • Rakesh Jhunjhunwala-backed Akasa Air gets aviation ministry’s NOC to operate in India.
  • MG Motor India sells out first batch of SUV Astor within 20 minutes of opening bookings.
  • Ola Electric raises over $200 million funding, valuation touches $3 billion.
  • TVS Motor, Tata Power in pact to create EV charging infrastructure in India.
  • Toyota, Stellantis to build EV-battery factories in the US.
  • AGR dues: Vodafone Idea, Airtel accepts four-year spectrum payment moratorium.
  • New Zealand and United Kingdom reach free trade deal.
  • Sri Lanka seeks $500 million loan from India for fuel purchase.
  • Taliban meet with UK, Iran delegations as Afghanistan teeters on the brink of economic collapse.
  • Venezuela introduces new currency, drops six zeros.
  • US introduces a bill that would bar Big Tech platforms from favoring their products and services.
  • Saudi Arabia comes to cash-strapped Pakistan’s rescue with $3 billion package.
  • Food prices surge for 3rd straight year in Pakistan, inflation rate shoots up at 12.66%.
  • Singapore-based arbitrator rejects Future Retail’s plea to lift the interim stay on RIL deal.
  • Adani Group finalises 35-year deal to build and operate Colombo Port’s West Container terminal.
  • Gautam Adani meets UK PM in London, assures to commit $70 billion for clean energy.
  • RIL floats wholly-owned subsidiary ‘Reliance International’ in UAE.
  • Reliance Retail extends deadline to complete ₹24,713 crore deal with Future Group.
  • Reliance Retail launches 7-Eleven convenience stores; forays into premium grocery format with Freshpik.
  • Facebook changes name of parent company to ‘Meta’, to reflect its metaverse ambitions.
  • Instagram, Facebook and WhatsApp face outages twice, restored later.
  • Microsoft to shut down LinkedIn in China, cites ‘challenging’ environment.
  • Paytm Group takes over complete ownership of digital lending startup CreditMate.
  • BharatPe forays into Buy Now Pay Later segment with launch of postpe.
  • Swiggy rolls out 2-year ESOP liquidity program worth $35-40 million.
  • Licious becomes India’s first D2C unicorn after raising $52 million.
  • Karnataka notifies law banning online betting games.
  • IMF board backs Kristalina Georgieva to continue as Managing Director after review of data-rigging claims.
  • IMF chief economist Gita Gopinath resigns, to return to Harvard University in January.
  • Govt re-appoints Shaktikanta Das as RBI governor for another three years.
  • Krishnamurthy Subramanian steps down as Chief Economic Adviser after three-year term.
  • RBI approves reappointment of Amitabh Chaudhry as MD & CEO of Axis Bank.
  • Ex-Air India MD Rajiv Bansal takes charge as Civil Aviation Secretary.
  • Former SBI chairman Rajnish Kumar joins BharatPe board.

 

Q2 Results

  • TCS Q2 net profit jumps 29% YoY to ₹9,620 crore, board approves second interim dividend of ₹7/share.
  • Infosys Q2 net profit up by 12% YoY to ₹5,421 crore, revenue rose 20% to ₹29,602 crore.
  • Wipro Q2 net profit rises 19% YoY to ₹2,930.7 crore, revenue climbs 30.1% to ₹19,667.4 crore.
  • HCL Technologies Q2 Profit rises 1.6% QoQ to ₹3,265 crore, revenue up 2.9% at ₹20,655 crore
  • HDFC Bank Q2 net profit rises 17.5% to ₹8,834 crore, NII grew 12% to ₹ 17,684 crore, GNPA at 1.35%.
  • ICICI Bank Q2 net profit grew 30% to ₹5,511 crore, NII jumps 25%; NNPA down at 0.99%..
  • Kotak Mahindra Bank Q2 net profit down 7% at ₹2,032.01 crore, NII rose 3% YoY to ₹4,021 crore.
  • HUL Q2 net profit rises 9% YoY to ₹2,187 crore, revenue up 11% to ₹12,724 crore, to pay ₹15 dividend.
  • Maruti Suzuki Q2 net profit falls 65% YoY to ₹475 crore, Net sales declined 9.09% to ₹19,297.80 crore.
  • TVS Motor Q2 net profit rises 41% to ₹277.6 crore, reports the highest ever revenue of ₹5,619 crore.
  • HDFC Life Insurance Q2 net profit down 16% to ₹274 crore; Net premium income up 14% to ₹11,445 crore.
  • RIL Q2 net profit rises 43% YoY to ₹13,680 crore, revenue grew 48% to ₹1.74 lakh crore.
  • Jio Platforms Q2 net profit rises 23% to ₹3,728 crore, ARPU up at ₹143.6.
  • Dr Reddy’s profit rises 30% to ₹992 crore, revenue rises by 18% to ₹5,763 crore in Q2.
WORLD INDICES
Indices 31-Oct 30-Sep %1M 01-Jan % since Jan
BSE 59307 59126 0.31% 41306 43.58%
NSE 17672 17618 0.30% 12183 45.06%
DOW 35820 33844 5.84% 28538 25.51%
NASDAQ 15498 14449 7.27% 8973 72.73%
FTSE 7238 7086 2.13% 7542 -4.04%
Nikkei 28893 29453 -1.90% 23657 22.13%
Hang Seng 25377 24576 3.26% 28190 -9.98%
Straits Times 3198 3087 3.61% 3223 -0.77%
Shanghai 3547 3568 -0.58% 3050 16.30%
USD 74.88 74.23 0.88% 71.22 5.13%
Euro 86.59 85.92 0.78% 79.94 8.33%
GBP 102.47 99.86 2.62% 94.36 8.60%
Yen/100INR 0.66 0.67 -1.57% 0.66 0.23%
Gold 47607 46326 2.77% 39067 21.86%
Silver 64540 59600 8.29% 46665 38.30%
Crude Brent $ 84.38 78.18 7.93% 66.29 27.29%
Crude Nymex $ 83.57 74.92 11.55% 61.30 36.33%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Oct 39116 34409 11297 38222 13879
30-Sep 37425 35028 10598 40427 14467
% 1M 4.52% -1.77% 6.60% -5.45% -4.06%
01-Jan 32103 15722 8210 30234 8047
% since Jan 21.84% 118.86% 37.60% 26.42% 72.48%

INDIAN TRADE(USD MILLION)
Exports 33790
Imports 56390
FDI 5040
Government Bond 10Y 6.39%
GDP YoY 20.10%
Inflation Rate 4.35%
Forex Reserves $ M 640100
IIP % -0.23%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF(Rs. crore)
Equity (4,255) (2,338)
Debt (440) 3,456
Total 1 M (4,695) 1,119
Total Since Jan 59,985 1,23,375
Equity 55,574 7,589
Debt 4,410 1,15,786

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