March 3, 2026 by BizWhiz Admin in Economy Snapshot 0 comments 73

General News

  • First phase of Budget Session concludes; Both Houses to reassemble for second phase on March 9.
  • Opposition submits motion seeking removal of Lok Sabha Speaker Om Birla amid Parliament showdown.
  • Uproar in Lok Sabha after Rahul Gandhi cites unpublished Naravane memoir on Ladakh standoff.
  • EC announces biennial polls to 37 Rajya Sabha seats on March 16.
  • EC published final electoral roll for Tamil Nadu, Madhya Pradesh, Rajasthan and Bihar.
  • CEC Gyanesh Kumar orders 5-year preservation of SIR records, warns officials of strict action.
  • PM Modi holds talks with his Israeli counterpart Benjamin Netanyahu in Tel Aviv.
  • India, France elevate ties to ‘Special Global Strategic Partnership’; sign key pacts on defence, critical minerals and innovation.
  • French President Macron confirms India to co-produce Rafale, 114-jet order, supports ‘Make in India’.
  • Jaishankar meets US Secretary of State Marco Rubio; discuss energy, nuclear, defence, critical minerals.
  • Canada PM Mark Carney arrives in Mumbai on a four-day India visit.
  • NSA Doval meets Saudi NSA to ramp up security cooperation.
  • S Jaishankar meets Brazil President Luiz Inácio Lula da Silva.
  • India, Malaysia ink 6 key pacts, PM Modi announces new Indian consulate in Malaysia.
  • PM Modi announces Special Economic Package of $175 million dollars for Seychelles.
  • India & Canada agree to strengthen cooperation on national security, law enforcement & cybersecurity.
  • Delhi Declaration: India, Arab nations back independent Palestinian state, call for lasting peace.
  • S Jaishankar meets G7 Foreign Ministers at the Munich Security Conference.
  • India releases first anti-terror policy PRAHAAR.
  • Defence Acquisition Council clears ₹3.25 lakh crore deal to buy 114 Rafale fighter jets from Dassault.
  • Indian Army and Railways forge partnership to secure Agniveer post-retirement careers.
  • PM makes historic landing at NE’s first Emergency Landing Facility on Moran Bypass in Dibrugarh.
  • India successfully test-fires Agni-III intermediate-range ballistic missile from Integrated Test Range in Odisha.
  • PM Modi inaugurates Seva Teerth comprising new building of Prime Minister’s Office and 2 other
    government edifices.
  • Union Cabinet approves converting North and South Blocks into museum.
  • PM Modi launches nationwide HPV Vaccination Programme for girls aged 14 years.
  • Central trade unions observe nationwide strike against Centre’s ‘anti-worker’ policies.
  • Excise policy case: Delhi court discharges Kejriwal, Sisodia, Kavitha; CBI to appeal in Delhi HC.
  • NCP leader Sunetra Pawar takes charge as Maharashtra deputy chief minister; attends cabinet meeting.
  • Bihar CM transfers ₹10,000 each to 2.5 million women under Mahila Rojgar Yojana.
  • Bihar declared Naxal-free after surrender of last armed Maoist in Munger.
  • Tamil Nadu CM Stalin announces ₹6.54 crore massive financial benefits for women ahead of polls.
  • Kerala gets Union Cabinet nod to be officially called ‘Keralam’.
  • Tamil Nadu’s Former CM O. Paneerselvam and son Ravindranaath join ruling DMK ahead of polls.
  • Centre, Nagaland Govt & Eastern Nagaland Peoples’ Organisation ink pact to form Frontier Nagaland Territorial Authority.
  • Y Khemchand–led Manipur govt clears floor test with ease.
  • US and Israel launch attack on Iran; Israel declares state of emergency in country.
  • Tehran targets US bases in Bahrain, Kuwait, Qatar and Abu Dhabi.
  • Iran confirms supreme leader Khamenei is dead after US, Israeli attacks.
  • Trump Announces $5 Billion Gaza Pledge, Unveils ‘Board of Peace’ Plan.
  • Ukraine imposes sanctions on foreign suppliers of components for Russian missiles.
  • European Parliament approves €90 billion aid package for Ukraine.
  • US immigration agents can’t arrest without warrant: Federal judge warns ICE.
  • New US regulations restrict commercial driving licenses for foreign nationals.
  • Iran signs €500 million missile deal with Russia to rebuild air defences.
  • Tarique Rahman takes oath as Bangladesh PM, Lok Sabha Om Birla attends swearing-in ceremony.
  • Pakistan declares “open war” with Afghanistan after Taliban led Afghan Forces kill 55 Pakistan soldiers.
  • Japan’s PM Sanae Takaichi wins snap election in a landslide.
  • US, Japan commit to deepening bilateral ties as Tokyo faces China pressure.
  • China grants UK and Canada visa-free entry, raising total to 79 countries.
  • North Korea’s ruling Workers’ Party re-elects leader Kim Jong Un as general secretary.
  • Sri Lanka’s ex-intel head arrested in connection with 2019 Easter attack.
  • T20 World Cup: England, South Africa and New Zealand qualify for semifinals.
  • India Clinch T20I Series Against New Zealand 4-1.
  • Royal Challengers Bengaluru clinch their second Women’s Premier League title.
  • Gill, Jadeja, Bumrah in Grade A as BCCI announce annual contract lists.
  • Jammu and Kashmir end 67-year wait, outplay Karnataka to win maiden Ranji Trophy title.
  • Australian Open: Alcaraz beats Djokovic to become youngest man to complete career Grand Slam.
  • Elena Rybakina wins maiden Australian Open by beating No. 1 Aryna Sabalenka, her 2nd Grand Slam title.

Business News

  • Finance Minister Nirmala Sitharaman launches National Monetisation Pipeline 2.0.
  • Cabinet approves ₹10,000 crore fund for startups to mobilise venture capital, support deep-tech entities.
  • Cabinet approves ₹18,500 crore for railway projects; Delhi, Haryana, Maharashtra & Karnataka to get new
    railway tracks.
  • Cabinet allocates over ₹18,600 crore for India’s first underwater twin tube tunnel in Assam.
  • Parliament approves Industrial Relations Code (Amendment) Bill to bring legal clarity.
  • PM Modi flags off India’s fastest metro, Namo Bharat train in Meerut.
  • CCEA approves construction of country’s first underwater road-cum-rail tunnel project under
    Brahmaputra river, Assam.
  • Ashwini Vaishnaw Launches 2 Nanometre Semiconductor Chip In Qualcomm, Sets Roadmap For Semicon
    2.0
  • Rajnath Singh approves Miniratna-I status for Yantra India Limited.
  • JP Nadda unveils National AI-in-Healthcare strategy and data platform.
  • India, Brazil exchange MoUs on regulation of pharmaceutical & medical products and MSME cooperation.
  • Government sanctions over 3.87 crore houses to States/UTs under PMAY-G.
  • Govt proposes 38% higher outlay for telecom to ₹73,990 crore, BSNL gets ₹28,473 crore.
  • Govt announces launch of PM RAHAT Scheme for cashless treatment of up to ₹1.50 lakh for road accident
    victims.
  • Amit Shah launches e-Rupee–powered PDS, unveils 24×7 ‘Annapurti’ grain ATM in Gujarat
  • Uttar Pradesh signs ₹11,000 crore MoUs with Japanese firms during CM Yogi Adityanath’s Japan visit
  • FCI signs MoU with WFP to supply 2 lakh metric tonnes of rice for global hunger relief.
  • NALCO signs pact with NLC India for power, renewable project.
  • NPCI collaborates with NVIDIA to advance India’s sovereign AI infrastructure for digital payments.
  • RBI keeps policy repo rate unchanged at 5.25%; GDP forecast revised to 7.4% for FY26.
  • RBI proposes ₹25,000 compensation for small-value digital frauds; announces stricter fraud rules, mis-
    selling curbs to protect bank users.
  • IDFC First Bank detects ₹590 crore fraud in a Chandigarh branch; suspends four.
  • Yes Bank reports $0.28 million forex card fraud with Latin America link; tightens controls.
  • India Post, NSE tie up to distribute mutual funds through 1.64 lakh post offices.
  • ICICI Prudential AMC gets RBI nod buy 9.95% stake each in Federal Bank, IDFC First Bank, RBL Bank, four other lenders.
  • India, United States sign Pax Silica declaration at India AI Impact Summit.
  • US to cut tariffs on India to 18%, India agrees to end Russian oil purchases.
  • US President Donald Trump hikes global tariffs from 10% to 15% after court setback.
  • Indian goods will attract zero reciprocal tariff in US.
  • India, France sign Amending Protocol to revise India-France DTAC.
  • US President Donald Trump signs executive order to impose tariffs on countries trading with Iran.
  • Bangladesh secures 19% US tariff under trade deal, boosting apparel exports.
  • India, Gulf Cooperation Council sign terms of reference to begin FTA talks.
  • India’s first indigenous AI smart-glass ‘Sarvam Kaze’ unveiled at AI Summit.
  • UN approves 40-member scientific panel on impact of artificial intelligence amid US Opposition.
  • Google announces $15 billion ‘America-India Connect’ subsea cable initiative at India AI Summit.
  • Tata Communications, RailTel partner to expand AI-ready digital infrastructure.
  • TRAI unveils new rating framework for digital connectivity infrastructure.
  • Airtel announces its lending arm ‘Airtel Money’; invests $2.2 billion.
  • Mahindra unveils ₹15,000 crore decade-long investment plan for Maharashtra.
  • Air India Completes Reinspection Of Fuel Control Switch On Boeing Fleet, No Issues Found
  • ePlane Company partners NVIDIA to build India’s first electric air taxi.
  • Adani Aerospace, Embraer eye final assembly line for E175 jets in India.
  • AAI signs MoU with Bharat Taxi to introduce regulated, passenger-friendly cab services in airports.
  • Adani’s APSEZ, French port Marseille Fos sign pact to boost connectivity.
  • Govt drops concession to small cars under new CAFE draft rules.
  • Adani Group enters nuclear power sector, floats new subsidiary after SHANTI Act
  • US President announces new website offering discounted prescription drug prices.
  • Reliance reportedly wins US licence for Venezuelan oil.
  • US and Japan unveil $36 billion of oil, gas and critical minerals projects in challenge to China.
  • U.S. and Uzbekistan sign critical minerals pact.
  • JioHotstar partners with OpenAI to launch AI-powered multilingual voice discovery.
  • Perplexity unveils Model Council to compare answers across AI models.
  • Airtel partners with Zscaler to launch AI & Cyber threat research center in India.
  • Jio, Anthropic, Ericsson along with other 12 firms launch Trusted Tech Alliance.
  • Trump directs federal agencies to stop using Anthropic’s AI tech.
  • OpenAI signs pact with Pentagon to deploy AI models on classified network.
  • NTT DATA, Ericsson join hands to scale private 5G, AI adoption for enterprises.
  • Netflix walks away from Warner Bros deal, clearing the path for Paramount.

Q3 Results

  • SBI Q3 profit jumps 24.5% to ₹21,028 crore as asset quality improves.
  • Hyundai Motor Q3 Profit 6.4% to ₹1,234 crore, revenue up 8% to ₹17,973.50 crore.
  • M&M Q3 Profit jumps 38.54% to ₹5,021 crore on strong auto performance.
  • Ashok Leyland Q3 Net profit jumps 4.5% YoY to ₹796 crore, revenue up 22% to ₹11,534 crore.
  • Bharti Airtel Q3 profit before exceptional items rises 25.5% YoY to ₹6,920 crore.
  • HUL Q3 net profit more than doubles to ₹6,607 crore on demerger gain.
  • HAL posts 30% YoY rise in Q3 PAT to ₹1,866 crore, announces ₹35 dividend.
  • BSE Q3 Net profit jumps 172% YoY to ₹603 crore; revenue up 62% to ₹1,244 crore.
WORLD INDICES
Indices 27-Feb 30-Jan % 1M 01-Jan % since Jan
BSE 81287 82270 -1.19% 85189 -4.58%%
NSE 25179 25321 -0.56% 26147 -3.70%
DOW 48978 48892 0.17% 48063 1.90%
NASDAQ 22668 23462 -3.38% 23242 -2.47%
FTSE 10911 10209 6.87% 9931 9.86%
Nikkei 58850 53323 10.37% 50339 16.91%
Hang Seng 26631 27387 -2.76% 25631 3.90%
Straits Times 4995 4905 1.83% 4646 7.51%
Shanghai 4163 4118 1.09% 3969 4.89%
USD 90.96 91.98 -1.11% 89.94 1.13%
Euro 107.44 109.54 -1.92% 105.44 1.89%
GBP 122.77 126.34 -2.83% 120.75 1.67%
Yen/100INR 0.58 0.60 -2.35% 0.57 1.46%
Gold 161971 149075 8.65% 135256 19.75%
Silver 274389 291222 -5.78% 235239 16.64%
Crude Brent $ 72.87 69.32 5.12% 60.91 19.64%
Crude Nymex $ 67.02 65.21 2.78% 57.42 16.72%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
27-Feb 60,529 30,604 28,159 51,142 22,952
31-Jan 59,610 38,036 26,750 51,215 21,715
% 1M 1.54% -19.54% 5.27% -0.14% 5.70%
01-Jan 59,712 38,172 28,481 53,719 22,633
% since Jan 1.37% -19.83% -1.13% -4.80% 1.41%

INDIAN TRADE
Exports in ($ Bn) 36.56
Imports ($ Bn) 71.24
FDI 1134
Government Bond 10Y 6.69%
GDP YoY 7.80%
Inflation Rate 2.75%
Forex Reserves ($ Mn) 7,23,610
IIP % 7.30%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 11,130 2,313
Debt (1,227) (70,382)
Total 1 M 9,902 (68,069)
Total Since Jan (26,845) (1,16,521)
Equity (18,358) 44,668
Debt (8,488) (1,61,189)

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