October 8, 2021 by BizWhiz Admin in Economy Snapshot 0 comments 460

General News

  • India COVID tally touches 33.7 million, 883 million vaccine doses administered so far.
  • Active cases account for 0.80% of total infections; recovery rate improves to 97.84%.
  • Govt allows door-to-door COVID vaccination for differently-abled persons.
  • PM Modi launches Ayushman Bharat Digital Mission, health ID for every citizen.
  • PM Modi holds first bilateral meeting with Biden; discusses Indo-Pacific, climate, COVID.
  • PM participates in the first in-person Quad Summit; addresses at 76th session of UNGA.
  • India, Australia holds ‘2+2’ talks to strengthen defence, strategic cooperation.
  • Jaishankar meets China’s Wang Yi; calls for early resolution on LAC issues in eastern Ladakh.
  • S Jaishankar meets with UK’s Foreign Secretary; calls for resolution of ‘quarantine Issue’.
  • Indian envoy to Qatar meets Taliban leaders, says Afghan soil must not be used for terrorism.
  • India to host G-20 summit in 2023 for the first time; Piyush Goyal appointed sherpa for grouping.
  • Air Marshal Vivek Ram Chaudhari to be new chief of Indian Air Force.
  • IAF plane carrying Rajnath Singh, Nitin Gadkari conducts mock emergency landing in NH 925 in Barmer.
  • India signs a project agreement with the US for air-launched unmanned aerial vehicles.
  • India, Singapore conduct major naval exercise near South China Sea.
  • Defence Ministry places order for 118 Arjun Mk-1A tanks worth ₹7,523 crore.
  • Indian Air Force signs deal with French Air Force to purchase phased out Mirage aircraft.
  • India buys 4 Israeli Herons, to upgrade them with missiles as Army, IAF, Navy ramp up drone inventory.
  • Smriti Irani inaugurates Poshan 2.0, urges all districts to establish Poshan Vatikas.
  • Shikshak Parv 2001: PM Modi launches five new initiatives for accessible education.
  • Centre, Assam govt signs Karbi Peace Accord with 5 insurgent groups in Assam.
  • President Kovind appoints new governors to Tamil Nadu, Uttarakhand, Punjab, Nagaland.
  • Gujarat CM Vijay Rupani resigns; Bhupendra Patel takes oath as 17th Chief Minister.
  • Captain Amarinder Singh resigns as Chief Minister of Punjab; Charanjit Singh Channi takes oath as CM.
  • BJP deploys 13 Union ministers, including seven of Cabinet rank, for poll-related duties in the states.
  • Navjot Singh Sidhu resigns as president of Punjab Congress.
  • Former Union minister Babul Supriyo and Former Goa CM Luizinho Faleiro join Trinamool Congress.
  • Kanhaiya Kumar joins Congress, Jignesh Mevani extends support to party.
  • Senior Congress leader and former Kerala Pradesh Congress Committee V.M. Sudheeran resigns from AICC.
  • PM Modi launches Sansad TV, a news channel combining the Lok Sabha and the Rajya Sabha TV.
  • Pegasus snooping row: SC to pass interim order on pleas seeking independent probe.
  • PM-CARES not a fund of Government of India, can’t be brought under RTI: Centre to Delhi HC.
  • Farmers call for Bharat Bandh; block highways, roads at many places to protest three farm laws.
  • Cyclonic storm Gulab brings heavy rains to Andhra Pradesh, Odisha.
  • NEET-UG 2021: Over 95% of registered candidates appeared at over 3,800 centres across India.
  • Syed Ali Shah Geelani, Kashmir’s separatist leader dies aged 92 after a prolonged illness.
  • Global Coronavirus cases touch 234 million; UN reports substantial decrease in both cases and deaths.
  • WHO urges rich countries to hold off on booster shots until 2022.
  • UK health service begins COVID booster vaccine rollout; begins vaccination for school children aged 12-15.
  • U.S. FDA clears Pfizer COVID-19 booster for older and at-risk Americans.
  • UK, US, Australia launch new trilateral Indo-Pacific alliance; Australia to get nuclear powered submarines.
  • France recalls envoys from US and Australia in protest at submarine deal.
  • Mullah Hassan Akhund to lead Taliban’s interim govt, Abdul Ghani Baradar to be Deputy.
  • Taliban nominates spokesman Shaheen as Afghan envoy, seeks UN participation.
  • Afghanistan commercial flights resume as UN warns of humanitarian crisis.
  • Antony Blinken defends Afghan withdrawal at testy U.S. congressional hearing.
  • FBI releases declassified record on 9/11 terror attacks, offers no proof on Saudi involvement.
  • Pakistan Foreign Minster Qureshi meets Secretary Blinken, urges engagement with Taliban.
  • Russia’s ruling pro-Putin party wins majority despite losing around one-fifth of its support.
  • Germany’s Angela Merkel loses elections narrowly to Social Democrats after 16 years.
  • Justin Trudeau re-elected Canadian PM for 3rd time but fails to secure majority.
  • Japan’s former Foreign Minister Fumio Kishida wins party vote, to become new Prime Minister.
  • North Korea tests first ‘strategic’ cruise missile with possible nuclear capability; fires 2 ballistic missiles.
  • South Korea successfully fires first submarine-launched ballistic missile.
  • India finishes 24th in its best showing at the Paralympics in Tokyo with 5 gold, 8 silver and 6 bronze medals.
  • US Open: Emma Raducanu becomes first British woman to win title in 53 years; Daniil Medvedev stuns Novak Djokovic to win Maiden Grand Slam title.
  • ICC ODI Rankings: Mithali Raj retains top spot in batting list.
  • ICC T20I Rankings: Virat Kohli rises to fourth, KL Rahul retains sixth spot.
  • Virat Kohli to step down as India’s T20I Captain after ICC T20 World Cup.
  • Virat Kohli becomes first Indian batter to score 10,000 runs in T20 format.
  • Cristiano Ronaldo breaks the international goal scoring world record with 111 goals for Portugal
  • IND vs ENG Test series: India leads the 5-match by series by 2-1; 5th Test to be rescheduled.
  • IPL 2021: IPL 14 second leg kick off in UAE; final on Oct 15, Chennai Super Kings qualifies for play-offs.


Business News

  • GST exemptions on expensive drugs like Zolgensma, Viltepso; 5% GST levied on food delivery apps.
  • Cabinet approves ₹ 10,683 crore PLI scheme for textile sector.
  • Cabinet approves telecom relief package; approves moratorium of 4 years for AGR dues.
  • Cabinet clears ₹26,538 crore scheme for auto sector; ₹120 crore to be allotted for drone PLI.
  • Union Cabinet clears decks for National Asset Reconstruction Company.
  • Government hikes Minimum Support Price for wheat by ₹40 to ₹2,015 per quintal.
  • Finance Ministry releases ₹9,871 crore to 17 states as revenue deficit grant.
  • Finance ministry approves capex projects of over ₹2,900 crore in 8 states, releases first batch of funds.
  • Piyush Goyal sets exports target for textile industry at $100 billion, up from $33 billion.
  • Cabinet approves additional capital infusion of ₹4,400 crore in ECGC.
  • Centre announces auction for sale of ₹26,000 crore govt securities.
  • PM Modi launches 35 crop varieties with special traits to address climate change, malnutrition.
  • FSSAI introduces green coloured ‘V’ logo to denote vegan food products.
  • PAN-Aadhaar linkage deadline extended by six months till March 2022.
  • Income tax dept extends due date to file returns for AY FY22 from current 30th Sept to 31st Dec.
  • India becomes world’s 6-biggest stock market, overtakes France for the first time in market capitalization.
  • Aptus Value Housing Finance, Vijaya Diagnostic Centre, Ami organics, Sansera Engineering make their market debut.
  • RBI, Monetary Authority of Singapore announce project to link UPI and PayNow.
  • RBL Bank restarts credit card issuances with rival Visa.
  • ICICI Bank partners with Amazon India to offer OD facility to sellers, small businesses.
  • IRDAI grants final approval for transfer of Bharti AXA General into ICICI Lombard.
  • HDFC Life acquires Exide Life Insurance for ₹6687 crore.
  • Indiabulls get CCI nod to sell mutual fund business to Groww for ₹175 crore.
  • Ford Motor to stop making cars in India, to sell only imported vehicles as part of a restructuring exercise.
  • Toyota cuts annual auto production target by 3% on shortage of chips, parts.
  • Ola Electric crosses ₹1100 crore in combined sales of S1 scooters over two days.
  • Govt increases domestic flight capacity to 85% of pre-COVID levels with immediate effect.
  • Government gives final approval to privatise 13 airports.
  • SpiceJet gets lease rental waiver of ₹300 crore for 4 Boeing MAX aircraft.
  • HAL signs pact with Alliance Air for deployment of civil Do-228 Aircraft in Arunachal Pradesh.
  • Singapore lifts flight ban on Boeing 737 Max planes.
  • Infosys, Microsoft ink multi-year cloud transformation deal with Australian utility, Ausgrid.
  • HCL signs up with South Korean software company HANCOM for global expansion, tech solutions.
  • Intel to invest up to $95 billion over the next decade in boosting EU chip capacity.
  • TCS partner Colombian airline Avianca to build latter’s IT infrastructure and cloud transformation.
  • TCS signs 10 year contract with Transport for London for design, operation of mobility system.
  • Wipro launches co-innovation space with Google Cloud in Bengaluru.
  • Mphasis acquires US-based Blink UX for $94 million in an all-cash deal.
  • DCGI gives nod for phase 2/3 trials of Biological E’s Covid vaccine on those aged between 5 & 18.
  • DCGI allows Serum Institute to enroll 7-11-year-olds in COVID-19 vaccine trial.
  • Sputnik’s single-dose vax gets DCGI nod for Phase-III trials in India.
  • Biocon Biologics to offer 15% stake to Serum Institute Life Sciences; gets access to 100 million doses.
  • Hetero gets DCGI nod for biosimilar version of Tocilizumab to treat COVID-19.
  • Future-Reliance Retail deal: Supreme Court stays Delhi HC order for seizure of Future Group’s assets
  • Tata Steel commissions India’s first plant for CO2 capture from Blast Furnace gas at Jamshedpur.
  • India accelerates talks with Taiwan on chip plant, trade deal.
  • Zee Enterprises board approves merger with Sony Pictures, Punit Goenka to remain MD & CEO.
  • Piramal Group completes DHFL acquisition in total consideration of ₹34,250 crore.
  • PepsiCo commissions ₹814-crore foods plant in Uttar Pradesh’s Mathura.
  • Shapoorji Pallonji Group sells majority stake in Eureka Forbes to PE major Advent for ₹4,400 crore.
  • Kitex group increases investment in Telangana to ₹2,400 crore, promises 22,000 jobs.
  • China pumps $17 billion into system amid Evergrande concerns.
  • Huawei CFO leaves Canada post agreement with US prosecutors to end the bank fraud case against her.
  • New York court halts tax suit to allow Cairn to settle dispute with India.
  • US aerospace companies to get $482 million in payroll support.
  • El Salvador bought $21 million of bitcoin as it becomes first country to make it a legal currency.
  • Sri Lanka central bank chief steps down as foreign exchange reserve crisis deepens.
  • World Bank discontinues ease of doing business reports after ethics review.
  • Freshworks makes stellar debut on Nasdaq, market cap crosses $12 billion.
  • New iPhone 13 series, ipad and Watch Series 7 unveiled at Apple Event.
  • Byju’s acquires coding platform Tynker for $200 million in US expansion push.
  • Gaming start-up Mobile Premier League valued at $2.3 billion, joins unicorn club.
  • Vedantu raises $100 million at $1 billion valuation, becomes India’s 5th edtech unicorn.
  • Zomato scraps its grocery delivery plans and health supplements businesses.
  • Blue-collar worker app Apna acquires unicorn status after $100 million fundraise led by Tiger Global.
  • PayPal acquires Japanese Unicorn buy now, pay later firm Paidy in $2.7 billion deal.
  • Amazon Pay partners Kuvera to offer wealth management services.
  • Paytm Money launches investment advisory marketplace on platform.
  • Myntra and Flipkart announce Strategic Partnership with British Sports Brand Slazenger.
  • Govt appoints K Rajaraman as telecom secretary.
  • Former SBI Chief Rajnish Kumar joins Andhra government in advisory role.
  • Microsoft announces share buyback of up to $60 billion, ups dividend; names Brad Smith Vice Chair.
  • Yahoo names tinder CEO Jim Lanzone as its next chief.
  • Zomato cofounder Gaurav Gupta quits two months after IPO.
Indices 31-Aug 30-Jul %1M 01-Jan % since Jan
BSE 59126 57552 2.73% 41306 43.14%
NSE 17618 17132 2.84% 12183 44.62%
DOW 33844 35361 -4.29% 28538 18.59%
NASDAQ 14449 15259 -5.31% 8973 61.03%
FTSE 7086 7120 -0.47% 7542 -6.05%
Nikkei 29453 28090 4.85% 23657 24.50%
Hang Seng 24576 25879 -5.04% 28190 -12.82%
Straits Times 3087 3055 1.04% 3223 -4.22%
Shanghai 3568 3544 0.68% 3050 16.98%
USD 74.23 73.00 1.67% 71.22 4.22%
Euro 85.92 86.19 -0.31% 79.94 7.48%
GBP 99.86 100.31 -0.45% 94.36 5.83%
Yen/100INR 0.67 0.66 0.69% 0.66 1.83%
Gold 46326 47135 -1.72% 39067 18.58%
Silver 59600 62999 -5.40% 46665 27.72%
Crude Brent $ 78.18 72.99 7.11% 66.29 17.94%
Crude Nymex $ 74.92 69.04 8.52% 61.30 22.22%
30-Sep 37425 35028 10598 40427 14467
31-Aug 36425 34570 10034 39530 14345
% 1M 2.75% 1.32% 5.62% 2.27% 0.85%
01-Jan 32103 15722 8210 30234 8047
% since Jan 16.58% 122.79% 29.09% 33.71% 79.77%

Exports 33280
Imports 47090
FDI 2235
Government Bond 10Y 6.22%
GDP YoY 20.10%
Inflation Rate 5.30%
Forex Reserves $ M 639642
IIP % 7.20%
Equity 7,663 4,787
Debt 11,524 14,595
Total 1 M 19,187 19,382
Total Since Jan 64,680 1,22,256
Equity 59,829 9,926
Debt 4,851 1,12,330

Sorry, the comment form is closed at this time.