October 3, 2023 by BizWhiz Admin in Economy Snapshot 0 comments 143

General News

  • New Parliament Building designated as Parliament House of India hosts special session.
  • Parliament passes Women’s Reservation Bill after unanimous support in Rajya Sabha.
  • Women’s Reservation Bill gets President Droupadi Murmu’s nod, becomes law.
  • Lok Sabha and Rajya Sabha adjourns sine die after passage of landmark bill.
  • Assembly bypolls: BJP wins three seats, Opposition block INDIA bags four.
  • President Kovind panel meets, seeks views of state and national parties on simultaneous polls.
  • Will make ‘clarificatory’ changes in forms to say linking Aadhaar with voter ID optional: EC tells SC.
  • Aditya L1 gets ‘send off’ from Earth as ISRO performs key manoeuvre, begin 110-day journey to L1 point.
  • ISRO prepares to revive Chandrayaan 3’s Lander and Rover on Moon from sleep during lunar sunrise.
  • PM Modi launches ₹13,000-crore ‘PM Vishwakarma’ scheme for traditional workers.
  • Rajnath Singh inaugurates 90 infra projects of BRO across 11 States and Union Territories.
  • Govt approves defence acquisition worth ₹45,000 crore from domestic vendors.
  • Indian Air Force receives first C-295 transport aircraft from Airbus, 55 more to follow.
  • PM Modi participates in ASEAN-India Summit and East Asia Summit in Jakarta, Indonesia.
  • African Union becomes permanent member of G20 under India’s presidency.
  • G20 leaders adopt Delhi Declaration rejecting use of force to acquire territory in reference to Russia.
  • President Murmu hosts grand dinner for G20 guests; millets’ dishes, Kashmiri Kahwa on menu.
  • PM Modi, Saudi Crown Prince hold first strategic meet, discuss energy, defence.
  • Jaishankar holds talks with US Secretary of State Antony Blinken and NSA Jake Sullivan.
  • Rahul Gandhi holds talks with European Parliament members in Brussels.
  • PM Modi invites US President Biden to India’s 2024 Republic Day celebrations.
  • INDIA bloc alliance parties pass resolution to jointly contest 2024 LS polls at Mumbai meet.
  • JD(S) confirms alliance with BJP-led NDA ahead of 2024 Lok Sabha elections.
  • AIADMK unanimously passes resolution, exits NDA ahead of 2024 polls.
  • SC directs Karnataka government to release 5,000 cusecs of Cauvery water to Tamil Nadu.
  • Karnataka bandh over Cauvery issue disrupts normal life in Bengaluru, Section 144 imposed.
  • Assam govt seeks withdrawal of Disturbed Areas Act, AFSPA from entire state.
  • Centre extends Armed Forces Act in some parts of Arunachal and Nagaland from first of October.
  • Ex-Andhra Pradesh CM Chandrababu Naidu arrested over alleged corruption charges.
  • Nipah virus under control in Kerala, restrictions eased in containment zones.
  • Health Ministry reduces qualifying percentile for NEET PG Counselling to 0 across all categories this year.
  • National Medical Commission gets global recognition, Indian medical graduates can practice abroad.
  • UGC bars varsities from printing Aadhaar number on degrees, provisional certificates.
  • Rozgar Mela: PM Modi distributes about 51,000 appointment letters to newly inducted recruits.
  • VP Jagdeep Dhankhar conferred Sangeet Natak Akademi Amrit Awards to 84 performing artists.
  • Veteran actor Waheeda Rehman to be honoured with Dadasaheb Phalke Award 2023.
  • President Murmu presents National Smart City Award to Indore, MP declared as the ‘Best State’.
  • MS Swaminathan, father of India’s Green Revolution, passes away at 98.
  • India crosses milestone of providing 13 crore rural household tap connections.
  • CBI chargesheet against 3 officials in Balasore train accident case.
  • Santiniketan finds a place on UNESCO’s World Heritage list.
  • Canada links India to slaying of Khalistani separatist leader, expels top Indian diplomat; India retaliates.
  • Canada issues second advisory for its citizens travelling to India, asks them to be vigilant.
  • Donald Trump won’t be the Republican nominee for U.S. presidential polls: Nikki Haley.
  • Republican presidential candidates blame Donald Trump, Democrats over govt shutdown threat.
  • Antony Blinken visits KyiV; US announces new security assistance worth $600 million for Ukraine.
  • Turkey’s President meets Russia’s Putin and aims to revive the wartime Ukraine grain export deal.
  • Putin meets Kim Jong Un at Russia’s space centre; Kremlin to help North Korea build satellites.
  • US, South Korea, Japan raise concerns over Russia-North Korea military cooperation.
  • China’s Xi Jinping meets Syria’s Bashar al Assad and announces strategic partnership.
  • Indian-origin economist Tharman Shanmugaratnam wins Singapore presidential election in landslide.
  • Philippines, Malaysia, Indonesia protest China’s “standard map” for 2023.
  • China says 90 countries have confirmed attendance for Belt and Road Initiative conference.
  • Japan launches rocket carrying ‘Moon Sniper’ lunar lander, , landing in four to six months.
  • PM Modi lays foundation stone of ₹451 crore cricket stadium in Varanasi.
  • ICC ODI ranking: Australia dethrones Pakistan to clinch top following win over South Africa.
  • Mohammed Siraj reclaims Number 1 spot in ICC ODI rankings
  • Virat Kohli becomes fifth player to reach 13,000 ODI runs, breaks Sachin Tendulkar’s record.
  • Rohit Sharma completes 10,000 ODI runs, second fastest after Kohli.
  • India won the 3-ODI match series against Australia 2-1.
  • US Open: Djokovic downs Medvedev to win record-tying 24th Slam.
  • American teenager Gauff wins US Open for maiden Major title.
  • Rohan Bopanna becomes oldest Grand Slam finalist of Open era.
  • D Gukesh replaces Viswanathan Anand as India’s top Chess player after 37 years.
  • 19th Asian Games begins at Hangzhou in China.
  • India 4th with 38 medals: 10 gold, 14 silver and 14 bronze.
  • eSports made its debut at the Games as a medal event, seen as a major step toward Olympic status.
  • MotoGP Bharat 2023 kicks off at Buddh International Circuit.


Business News

  • Cabinet approves ₹1,650 crore subsidy for 75 lakh LPG connections over three years.
  • Govt to provide up to 8% interest subsidy for Vishwakarma Yojana.
  • Govt approves ₹3,760 crore viability gap fund to promote battery energy storage system.
  • Govt enhances LIC agents, employees’ gratuity limit; ups term insurance cover, family pension rate.
  • Centre asks pulses stakeholders to disclose lentils’ stocks with immediate effect.
  • Centre reduces wheat stock limit to 2,000 tonnes for traders, wholesalers, and big-chain retailers.
  • Finance Ministry notifies Oct 1 date for implementing amended GST law provisions for e-gaming.
  • India announces launch of Global Biofuels Alliance on sidelines of G20 Summit.
  • Rail linking India with Europe announced by Biden, allies at G20 Summit.
  • India, Saudi Arabia agree to ‘accelerate’ $50 billion west coast refinery project.
  • UP approves new township in Meerut near Rapid rail on the lines of developed countries.
  • Karnataka govt approves 91 investment projects worth ₹7,660 crore.
  • Assam govt approves ₹5,197 crore project for power sector modernisation.
  • Govt rolls out 3rd phase of mandatory gold hallmarking in 55 new districts in 17 states/UT.
  • NPCI launches slew of new payment options on payment platforms UPI.
  • RBI to discontinue incremental cash reserve ratio by October 7 in phased manner.
  • RBI proposes 6-month deadline for banks to identify wilful defaulters.
  • ICICI Bank gets RBI nod to make I-Process Services as wholly-owned subsidiary.
  • SBI offers UPI integration with digital rupee.
  • Bank of Baroda enables UPI ATM facility at over 6,000 ATMs across country.
  • Vishnu Prakash R Punglia, Rishabh Instruments, RR Kabel and Yatra Online make their market debuts.
  • L&T raises buyback price to ₹3,200, reduces shares offered.
  • JP Morgan adds Indian bonds to its global index.
  • Jio Financial shares removed from BSE, NSE indices.
  • IndianOil unveils India’s first green hydrogen-run bus that emits just water.
  • NTPC, Oil India ink pact to explore collaborations in renewable energy, hydrogen space.
  • Suzuki Motor inks pact with NDDB, Banas Dairy to set up biogas plants with ₹230 crore investment.
  • Tata Motors launches registered vehicle scrapping facility ‘Re.Wi.Re’ in Surat.
  • Toyota plans third India plant, new SUV as domestic sales surge in 2023.
  • Renault ends common purchasing agreement with Nissan and Mitsubishi
  • Hero MotoCorp to invest ₹550 crore into Ather Energy.
  • Centre approves 30 railway projects worth over ₹83,000 crore for Telangana.
  • TCS bags $1 billion deal from Jaguar Land Rover.
  • Reliance, NVIDIA to develop foundational large language model for AI in India.
  • Elon Musk, Mark Zuckerberg, Bill Gates to join US senators for AI forum.
  • HP partners with Google to make Chromebooks in India from next month.
  • IDEMIA partners Airtel Payments Bank, HMD Global to bring CBDC payments to feature phones in India.
  • Bharat 6G Alliance and Next G Alliance sign MoU to explore collaboration opportunities.
  • Jio launches 5G wireless access device in eight cities.
  • Meta launches UPI payments for WhatsApp Business messaging in India.
  • Tata Projects partners with Micron Tech to construct advanced semiconductor facility in Sanand.
  • Adani Enterprises, Kowa form JV in Singapore to sell green hydrogen, ammonia.
  • Adani Green and TotalEnergy to form 50:50 JV with an investment of $300 million.
  • Tata Steel, ABB India partner to co-develop technology to reduce carbon footprint in steel making.
  • Vedanta splits into six firms; entities to be listed on bourses.
  • Government unveils National Policy on R&D in pharma, medtech.
  • Cabinet approves foreign investment of up to ₹9,589 crore in Suven Pharma.
  • WHO’s good manufacturing norms to be made compulsory for all drug firms.
  • Amazon commits $15 million from climate fund to APAC region, earmarks $3 million for India projects.
  • Apple starts selling assembled in India iPhone 15 models on launch day for first time.
  • SpiceJet pays Kal Airways ₹100 crore towards arbitral award after court order.
  • Jalan Kalrock Consortium completes infusion of ₹350 crore in Jet Airways, ready to take control of airline.
  • Jet Airways founder Naresh Goyal arrested in ₹538 crore alleged bank fraud case.
  • US Federal Reserve leaves rates unchanged, sees tighter policy through 2024.
  • Bank of Japan keeps interest rates unchanged, gives dovish guidance on future policy.
  • China keeps benchmark rates unchanged as economy finds footing.
  • Sri Lanka ends fuel rationing imposed at height of economic crisis.
  • UK’s second-largest city Birmingham declares itself effectively bankrupt.
  • FSSAI begins milk & milk products’ survey across 766 districts across the country, to submit report by Dec.
  • Coffee Day Global and IndusInd bank reach settlement, withdraw insolvency litigation.
  • Viacom18 beats Disney to BCCI cricket media rights for $721 million.
  • Disney Star bags ₹150 crore sponsorship from Mahindra Auto for Asia Cup & ICC World Cup.
  • Writers Guild and Hollywood studios reach tentative deal to end strike.
  • KKR makes fresh investment of ₹2,069.50 in Reliance Retail, hikes stake to 1.42%.
  • OYO parent Oravel joins Japan’s SoftBank to launch luxury hotel chain ‘Sunday’ in India.
  • Cred enters new business segment, launches vehicle management service.
  • Uday Kotak resigns as Kotak Mahindra Bank MD & CEO, Dipak Gupta takes interim charge.
  • Centre reappoints M. Rajeshwar Rao as Deputy Governor of RBI for a period of one year.
  • RBI approves re-appointment of ICICI Bank’s MD Sandeep Bakhshi for three years.
  • Former SBI Chief Rajnish Kumar appointed Chairman of Mastercard India.
  • Rupert Murdoch steps down as head of News Corp and Fox.

Indices 29-Sep 31-Aug % 1M 02-Jan % since Jan
BSE 65,828 64,831 1.54% 61,168 7.62%
NSE 19,638 19,254 2.00% 18,197 7.92%
DOW 33,508 34,722 -3.50% 33,147 1.09%
NASDAQ 13,219 14,035 -5.81% 10,466 26.30%
FTSE 7,608 7,439 2.27% 7,452 2.10%
Nikkei 31,858 32,619 -2.34% 26,095 22.09%
Hang Seng 17,810 18,382 -3.11% 19,781 -9.97%
Straits Times 3,217 3,233 -0.49% 3,251 -1.04%
Shanghai 3,110 3,120 -0.30% 3,089 0.69%
USD 83.04 82.79 0.31% 82.72 0.39%
Euro 87.81 90.03 -2.47% 88.30 -0.55%
GBP 101.33 105.03 -3.52% 99.91 1.42%
Yen/100INR 0.556 0.57 -2.04% 0.64 -12.81%
Gold 57,096 59,285 -3.69% 55,586 2.72%
Silver 69,870 74,203 -5.84% 70,579 -1.00%
Crude Brent $ 92.09 87.05 5.79% 85.50 7.71%
Crude Nymex $ 90.77 83.81 8.30% 79.92 13.58%

29-Sep 44,585 31,784 16,184 51,603 15,423
31-Aug 43,989 31,165 15,670 51,093 15,096
% 1M 1.35% 1.99% 3.28% 1.00% 2.17%
02-Jan 43,203 28,737 12,668 44,193 12,551
% since Jan 3.20% 10.60% 27.76% 16.77% 22.88%

Exports in ($ Bn) 34.48
Imports ($ Bn) 58.64
FDI 749
Government Bond 10Y 7.18%
GDP YoY 7.80%
Inflation Rate 6.83%
Forex Reserves ($ Mn) 5,90,700
IIP % 5.70%

Particulars FII (Rs. crore) MF (Rs. crore)
Equity (16,026) 14,230
Debt 768 (1,918)
Total 1 M (15,258) 12,312
Total Since Jan 1,47,958 61,188
Equity 1,22,304 1,05,589
Debt 25,655 (44,401)

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