Category Archives: Economy Snapshot

General News

• India celebrates 76th Republic Day; Indonesian President Prabowo Subianto attends the parade as the Chief Guest.
• Gallantry Awards presented to 93 Armed Forces and Central Armed Police Forces personnel.
• 139 distinguished individuals honored with Padma Awards for their contributions.
• Over 5,000 folk, tribal artists perform at Republic Day parade; set Guinness World Record.
• Total of 16 Bills has been passed by both the Houses of Parliament during 2024.
• LS Speaker Om Birla inaugurates Panchayat Se Parliament 2.0 programme.
• Waqf Amendment Bill: JPC submits report to Lok Sabha Speaker Om Birla.
• SVAMITVA Scheme: PM Modi distributes 65 lakh property cards to empower rural India.
• Amit Shah launches BHARATPOL for streamlining Red Corner Notices through INTERPOL.
• India, U.S. ink pact for cooperation in cybercrime investigations.
• President Murmu, Singapore President hold discussions to strengthen bilateral strategic partnership.
• Jaishankar holds bilateral meetings with counterparts from Japan, Australia in Washington.
• Delegation-level talks held between EAM Jaishankar, Maldives Foreign Minister.
• Govt launches “One Nation, One Subscription” scheme to provide seamless access to digital knowledge resources.
• One Nation, One time: Govt drafts rules for mandatory adoption of IST across all official, commercial platforms.
• UP’s tableau “Mahakumbh 2025” adjudged as Best, J&K Rifles wins best Marching Contingent award.
• NCC Directorate Karnataka and Goa bags Prime Minister Banner and Trophy at Republic Day Camp 2025.
• India now has 99.1 crore voters, gender ratio improves to 954: EC.
• Assembly polls: Delhi to vote on Feb 5 in single phase; counting on Feb 8.
• Rajendra Vishwanath Arlekar takes oath as Kerala Governor, while Arif Mohammad Khan as Bihar Governor.
• Ajay Kumar Bhalla, Hari Babu Kambhampati sworn in as Manipur and Odisha Governors.
• V. Narayanan appointed new Space Secretary and ISRO chief.
• India lodges protest over China’s announcement of establishing 2 new counties in Ladakh region.
• Indonesia initiates $450 million BrahMos missile export deal.
• US lifts restrictions on BARC, two other Indian nuclear entities to boost energy cooperation.
• India, Pakistan share lists of nuke installations as part of 30-yr pact.
• Warships INS Surat, INS Nilgiri and INS Vaghsheer commissioned into Indian Navy.
• Defence Ministry signs over ₹3,000 crore deal with Bharat Dynamics for MRSAM supply to Indian Navy.
• ISRO docks SpaDex satellites in space, India 4th country to achieve this feat.
• ISRO achieves historic milestone with 100th successful GSLV-F15 rocket launch.
• PM Modi inaugurates Z-Morh tunnel in Kashmir, connecting Sonamarg year-round access.
• Uttarakhand becomes country’s first state to implement Uniform Civil Code.
• Odisha becomes 34th State/UT to implement Ayushman Bharat PM-JAY.
• Maha Kumbh: More than 29.64 crore devotees take dip in Sangam as of January 30.
• EC issues notice to AAP convenor Arvind Kejriwal over Yamuna Poisoning allegations.
• BPSC exam row: Prashant Kishor gets bail hours after being arrested during hunger strike.
• J&K’s Rajouri village where a mystery disease killed 17 declared a containment zone.
• India signs Haj agreement with Saudi Arabia, quota fixed at 1,75,025 pilgrims.
• Congress gets new HQ after 47 years as Sonia Gandhi inaugurates ‘Indira Bhawan’ at Kotla Road.
• India introduces ’e-Student’ and ’e-Student-X’ visas for international students.
• Tamil Nadu CM Stalin announces $1 million prize for decoding Indus Valley script.
• Central Government allocates ₹1,640 crores for rehabilitation of Joshimath.
• Donald Trump takes oath as 47th President of United States; J.D. Vance sworn in as Vice President.
• Trump signs slew of executive orders: U.S. withdrawal from WHO, pardons for Jan. 6 rioters, and more.
• Republican Mike Johnson reelected as US House speaker after dramatic floor vote.
• Israel and Hamas agree on ceasefire deal to exchange hostages and Palestinian prisoners.
• Russia says it is ready for dialogue on Ukraine conflict.
• Russia and Iran sign a partnership treaty to deepen their ties in the face of Western sanctions.
• Bangladesh issues second arrest warrant against former PM Hasina; SC acquits former PM Khaleda Zia.
• Canada PM Justin Trudeau announces resignation amid differences with ruling Liberal Party.
• South Korea’s impeached president Yoon Suk Yeol formally arrested over martial law decree.
• North Korea tests cruise missile system, vows ‘toughest’ response to US-South Korea military drills.
• Romania, Bulgaria fully join EU’s Schengen border-free zone.
• Syria names interim president; Ahmed al-Sharaa to lead transitional government.
• French Prime Minister Bayrou survives no-confidence vote.
• Denmark, Greece, Pakistan, Panama and Somalia assume responsibilities as elected members of UNSC.
• Pakistan begins its two-year tenure as non-permanent member of UNSC from January 1, 2025.
• Brazil announces Indonesia as new member of BRICS.
• Manu Bhaker, Gukesh, Harmanpreet Singh, Praveen Kumar receive Khel Ratna from President Murmu.
• Khelo India Winter Games begins in Leh.
• PM Modi inaugurates 38th National Games in Dehradun.
• Devajit Saikia takes charge as BCCI Secretary; Prabhtej Singh Bhatia begins role of Treasurer.
• No endorsements on tours, no travelling separately: BCCI issues strict policies for team.
• Rohit Sharma to lead in Champions Trophy; Shubman Gill named vice-captain.
• ICC Rankings: Bumrah remains No. 1 Test bowler; Jadeja top all-rounder.
• Jasprit Bumrah becomes 6th Indian to win ICC Test Cricketer of the Year.
• Mandhana, Deepti in ICC Women’s ODI Team of the Year, no Indian in men’s side.
• Ranji Trophy brings India stars to domestic cricket.
• Australia clinches Border-Gavaskar Trophy, qualifies for ICC World Test Championship.
• Gukesh becomes highest-ranked Indian at 4th in latest FIDE rankings, displaces Erigaisi.
• Australian Open: Jannik Sinner wins his third Grand Slam title; Madison Keys her first.

Business News

• GST collection rises by 8.5% to over ₹1.82 lakh crore in November.
• No Income Tax payable up to ₹12 Lakh under new regime.
• Capex target set at ₹11.2 lakh crore for FY26, up 9.8% from the previous fiscal.
• India Post to be turned into large logistic body with 1.5 lakh rural post offices.
• Modified UDAAN Scheme to be launched, including 120 new destinations, 4 crore additional passengers.
• Govt announces export promotion mission with sectoral targets.
• Centre allows 100% foreign investment in insurance to boost capital flow.
• Jal Jeevan Mission extended till 2028 with enhanced outlay to achieve 100% coverage.
• Cancer Centers to be established in all districts; day care treatment facilities in 3 years.
• CBI gets ₹1,071 crore in Budget, increase of ₹84.12 crore from ongoing fiscal.
• Centre increases Tribal Ministry budget by 45%.
• Economic Survey 2025: GDP growth forecast for FY26 between 6.3-6.8%.
• GST collections in January at ₹1.96 lakh crore, up 12.3% YoY.
• 8th Pay Commission for Central government employees approved ahead of Budget.
• Cabinet approval for National Critical Mineral Mission (CMM) with an outlay ₹18,000 crore.
• Union Minister HD Kumaraswamy launches PLI scheme 1.1 for steel industry.
• Nitin Gadkari announces nationwide cashless treatment scheme for road accident victims.
• ICMR proposes revised version of National Essential Diagnostics List.
• J&K’s first Vande Bharat train completes trial run from Katra to Srinagar.
• Nitin Gadkari announces ₹12,500 crore to improve Delhi’s infrastructure and reduce pollution.
• Centre approves Vedanta’s oil and gas drilling proposal in Assam’s eco-sensitive Gibbon sanctuary.
• NSE leads Asia in IPO count in 2024, sets global record for equity capital raised in primary market.
• SEBI withdraws recognition to Indian Commodity Exchange, paves way for ICEX to exit as an exchange.
• SEBI bans Ketan Parekh, Rohit Salgaocar in front-running scam; orders disgorgement of ₹66 crore.
• Standard Glass Lining Technology, Quadrant Future Tek, Capital Infra Trust, Laxmi Dental, Stallion India Fluorochemicals, Denta Water and Infra Solutions make their market debuts.
• SEBI proposes small ticket SIP with minimum investment of ₹250 per month.
• Shriram Housing becomes Truhome Finance, eyes 30% annual growth.
• Jio Financial Services, BlackRock infuse ₹117 crore in mutual fund business.
• Microsoft partners with MeitY under IndiaAI Mission.
• India joins UN committee on big data for official statistics.
• Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025.
• DeepSeek pips Chat GPT to become No.1 productivity app on App St.
• Alibaba launches AI model, says it beats DeepSeek, ChatGPT, Meta.
• Global leaders call for action on AI and regional reforms at World Economic Forum Annual Meeting 2025.
• WEF: Maharashtra signs 61 MoUs worth ₹15.70 lakh crore; Telangana signs 3 MoUs worth ₹15,000 crore.
• Bharat Mobility Expo sees 90+ launches, 8 lakh visitors.
• Tata Motors breaks four-decade record, Punch tops sales in 2024 surpassing Maruti Suzuki’s Wagon R.
• Hyundai teams with Nvidia to boost AI in self-driving cars and factory robots.
• JLR, Tata Communications partner for Next-Gen connected cars.
• Air Kerala to become India’s newest airline; launch regional flights from Kannur International Airport.
• Tata Elxsi and National Aerospace Laboratories sign strategic partnership for Advanced Air Mobility.
• 16.15 lakh electric vehicles incentivised under FAME-II Scheme.
• Hyundai in talks with TVS Motor to develop electric three-wheeler.
• Adani Group loses big Sri Lanka contract as power purchase deal is revoked amid corruption allegations.
• Trump says 25% tariffs on Canada and Mexico coming on Feb 1 as he signs several orders on economy.
• US Fed pauses interest rate cuts, signaling a cautious approach ahead.
• US bans central bank digital currencies; forms crypto working group led by David Sacks.
• Trump threatens ‘100% tariffs’ against BRICS countries over de-dollarisation.
• Swiggy Instamart expands to 76 cities, launches standalone app Snacc for 15-minute food delivery.
• Govt issues notices to Ola, Uber on differential pricing on iPhone, Android.
• TikTok goes dark as U.S. ban takes effect.
• Maruti Suzuki board approves reappointment of Hisashi Takeuchi as MD & CEO for another term.
• IDBI Bank’s board approves re-appointment of Rakesh Sharma as MD & CEO for 3 years.
• Sridhar Vembu resigns as CEO of Zoho Corp, takes on new role as ‘Chief Scientist’.

Q3 Results

General News

• Winter Session of Parliament comes to an end as Lok Sabha, Rajya Sabha adjourned sine die
• One Nation One Election bill referred to joint parliamentary panel, consisting of 27 LS and 12 RS MPs.
• Parliament sees disruptions amid protests over Adani, Sambhal, Manipur and other issues.
• PM Modi launches nationwide campaign to celebrate 75 years of India’s Constitution.
• President appoints Governors in 5 states, Ajay Bhalla named Manipur Governor, Arif Mohammed Khan shifted to Bihar.
• PM Modi gets top honour In Kuwait, discusses strategic partnership with top leadership.
• Rajnath Singh, Russian President Putin discuss bilateral defence cooperation in Moscow.
• Sri Lankan President Dissanayake arrives in Delhi; India and Sri Lanka finalise defence cooperation agreement.
• NSA Doval holds talks with Chinese foreign minister Wang Yi on peace at borders restoring ties.
• India, China agree to resume Mansarovar Yatra, border trade after talks in Beijing.
• India, Kuwait poised to transform relationship into strategic partnership: PM Modi.
• Jaishankar, US NSA Jake Sullivan discuss India-US strategic partnership & global developments; meets Trump’s NSA pick Michael Waltz.
• Devendra Fadnavis sworn in as the Chief Minister of Maharashtra for third time; Eknath Shinde and Ajit Pawar as deputy CMs.
• AAP releases final list for polls, Arvind Kejriwal to contest from New Delhi.
• SP chief Akhilesh Yadav backs AAP over Congress in Delhi elections.
• PM Modi inaugurates 24 development projects worth over ₹46,300 crore in Rajasthan.
• Rajasthan govt dissolves 9 districts formed during Ashok Gehlot’s tenure.
• PM inaugurates and launches multiple development projects worth around ₹5,500 crore at Prayagraj, UP.
• UP govt declares Prayagraj’s Maha Kumbh area as new district.
• PM Modi lays foundation for India’s 1st Ken-Betwa river linking project in Madhya Pradesh.
• Defence Ministry inks ₹2,867 crore contracts to bolster submarine capabilities.
• Biden administration approves sale of $1.17 billion worth helicopter equipment to India.
• INS Tushil multi role stealth guided missile frigate commissioned into Indian Navy in Russia
• ISRO successfully launches European Space Agency’s Proba-3 eclipse-creating mission; signs agreement for advancing human spaceflight.
• ISRO successfully launches SpaDeX mission from Sriharikota.
• India’s first glass bridge over sea inaugurated in Kanyakumari.
• Cabinet approves ₹8,232 crore to open up 85 new Kendriya Vidyalayas, 28 Navodaya Vidyalayas.
• Human error led to chopper crash that killed General Bipin Rawat: Parliamentary panel report.
• Central govt declares Wayanad landslides a disaster of “severe nature”.
• First-ever World Meditation Day to be observed on Dec 21.
• Manmohan Singh, former PM & architect of India’s economic reforms, passes away at 92.
• Jimmy Carter, 39th US President and Nobel Peace laureate, passes away at 100.
• Former Haryana CM Om Prakash Chautala Former Karnataka CM SM Krishna and legendary tabla maestro Zakir Hussain, passed away.
• Russian President Putin approves record military spending in 2025 budget.
• Russia targets Ukrainian infrastructure with massive attack of cruise missiles, drones.
• Russia and Ukraine exchange hundreds of prisoners of war in UAE-brokered deal.
• Vladimir Putin apologises to Azerbaijan Prez over plane crash that killed 38
• US announces new $725 million military aid package for Ukraine.
• Outgoing US govt relaxes H-1B visa rules, allowing U.S. employers to more quickly fill critical jobs.
• Trump appoints Indian-American entrepreneur and Musk’s aide, Sriram Krishnan as senior policy advisor on AI.
• Israeli attack shuts Gaza’s last major hospital, IDF launches operations over terrorist threats.
• French govt collapses as PM Barnier loses no-confidence vote;
• President Macron names centrist leader Francois Bayrou as new PM.
• German Chancellor Scholz loses confidence vote, setting up early election in February.
• South Korean President Yoon Suk Yeol impeached over short-lived martial law declaration
• Syrian rebel forces claim control of Damascus, President Bashar al-Assad flees the country.
• Russia grants asylum to former Syrian President Assad and his family.
• Canada’s Finance Minister & Deputy PM Chrystia Freeland resigns over Trump tariffs, spending.
• Canada unveils plan to strengthen border security & immigration system in response to US threat.
• Bangladesh HC acquits all accused, including former PM Khaleda Zia’s son, in 2004 Hasina attack case.
• Bangladesh asks India to hand over Hasina for ‘Judicial Process’.Taiwan military sets up emergency response as 90 Chinese ships move closer in region
• China astronauts script history with world’s longest spacewalk, break US record.
• China approves world’s largest, $137-billion dam on the Brahmaputra close to the Indian border.
• Death toll in South Korea plane crash goes upto 179; bird strike investigated as potential factor in crash.
• Several Gulf countries impose visa ban on Pakistanis over their involvement in crime, fraud and begging.
• COP16: Largest-ever UN meeting on desertification held in Riyadh.
• Merriam-Webster names ‘polarization’ its 2024 word of the year.
• Jay Shah assumes role as youngest-ever ICC Chairman.
• India vs Australia: Australia leads 5 test series 2-1.
• Ravichandran Ashwin retires from international cricket after 14-year illustrious career.
• Nitish Kumar Reddy marks maiden international century in Melbourne.
• FIDE World Chess Championship: At 18, India’s Gukesh Dommaraju becomes the youngest world chess champion ever
• Koneru Humpy clinches second women’s title at World Rapid and Blitz Championship in New York.
• Prasar Bharati signs MoU with Hockey India to provide live broadcast of upcoming Hockey India League.
• Hamilton bids farewell to Mercedes as Ferrari vie for title.

Business News

• GST collection rises by 8.5% to over ₹1.82 lakh crore in November.
• Ready to eat popcorn mixed with salt and spices attract 5% GST if pre-packaged, 12% if pre-packaged and labelled.
• PM Modi launches Bima Sakhi Yojana to empower women through wider insurance awareness.
• Cryptocurrencies to be treated as capital gains, tax exemption on earrings before FY23.
• Railways’ switch to accrual-based accounting to boost multilateral, green financing: ICAI.
• Centre launches ₹1,000 crore credit guarantee scheme for farmers to avail post-harvest loans.
• Govt scraps windfall tax on ATF, crude oil products, petrol, diesel.
• Government utilizes 37.28% of its budgeted effective capex in H1FY25.
• Govt to infuse ₹500 crore in IFCI to improve its financial health.
• Rising Rajasthan Global Investors Summit: MoU worth ₹35 lakh crore signed.
• Chhattisgarh secures ₹15,184 crore investment proposals at New Delhi investors meet.
• RBI cuts CRR by 50 bp to 4%; repo rate unchanged at 6.5%; Real GDP growth projected at 6.6% for FY-25.
• CPI inflation for 2024-25 is projected at 4.8%, H1 2025-26 at 4.6% (Q1) and 4.0% (Q2).
• NRI remittances surge to record $11.9 billion in April to October this year: RBI.
• RBI sets up expert panel to craft ethical AI framework for financial sector.
• Defence Acquisition Council approves ₹21,772 crore capital projects to improve defence preparedness.
• Cabinet clears ₹20,000 crore ‘Make in India’ projects for 12 Su-30MKI fighter jets, 100 K-9 howitzers.
• IIT Delhi, DRDO ink pacts with Reliance Industries, others for bullet-proof jackets & ballistic material.
• India’s first Hyperloop test track completed at IIT Madras campus.
• Rosneft, Reliance agree biggest ever India-Russia oil supply deal.
• Qatar agrees five-year LNG supply deal with India’s GAIL.
• Market debuts: Vishal Mega Mart IPO, International Gemmological Institute India IPO, Carraro India IPO, Unimech Aerospace and Manufacturing IPO among others.
• TCS inks five-year extension deal with Telenor Denmark to deliver IT infra services.
• Airtel gives 4G, 5G equipment supply deals to Ericsson.
• Vodafone Idea approves issue of preference shares of upto ₹1,980 crore to Vodafone PLC entities.
• Govt waives bank guarantees for past spectrum auctions; letters sent to Vodafone-Idea, Reliance Jio and Bharti Airtel.
• Ministry issues draft guidelines on establishing EV charging infrastructure under PM E-DRIVE.
• JSW group in talks with Geely, BYD for electric car production plans.
• Maruti Suzuki India achieves 2 million production milestone in a calendar year.
• Nissan, Honda announce plans to merge, creating world’s No. 3 automaker.
• Hero Moto, Harley Davidson extend tie up, plan new bike for Indian and global markets.
• Maruti Suzuki Dzire crosses 3 million production units, remains India’s top-selling sedan for 16 years.
• Centre gives nod to 5G connectivity at airports.
• Air India announces major international network upgrades for 2025.
• Aircraft lessor Genesis buys SpiceJet’s stake to settle $16 million dispute.
• SpiceJet signs pact with US-based StandardAero to restore grounded Boeing 737 MAX aircraft fleet.
• Kenya cancels airport and energy deals with Adani group after US indictment.
• Adani merges Sanghi Industries, Penna Cements with Ambuja Cements.
• UltraTech Cement gets CCI’s nod to acquire majority stake in India Cements.
• Prasar Bharati’s OTT platform Waves crosses 1 million downloads in a month.
• NCLT order frees assets of 60 parties in Gitanjali Gems case after SFIO drops charges.
• NCLT admits insolvency plea against EV maker Hero Electric.
• ADB lowers India’s FY25 growth forecast to 6.5% after slowdown in Q2.
• US-China economy talks resume as Yellen urges maintaining links.
• US Federal Reserve cuts key interest rates by 0.25%, signals two cuts for 2025.
• Sri Lanka’s economy grows 5.5% in Q3 2024, marking rebound from crisis.
• World Bank approves $2 billion for Ukraine including funds from new U.S. loan fund.
• Sri Lanka lifts vehicles import ban for first time in four years.
• China kept its one-year and five-year LPRs unchanged at 3.1 and 3.6% respectively.
• Bank of England holds interest rate at 4.75% but warns of UK stagnation riskviat
• World Bank raises China’s GDP forecast for 2024, 2025; adds some warnings.
• Trump and SoftBank CEO unveil $100 billion investment in U.S.
• Bitcoin hits all-time high of $100,000 after Donald Trump’s crypto push.
• Dixon, Vivo form JV to manufacture smartphones.
• Switzerland suspends MFN clause with India under tax treaty, cites SC ruling in Nestle.
• World’s Richest 2024: Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club.
• Revenue Secretary Sanjay Malhotra appointed as new RBI Governor.
• FBI Director Wray announces plan to resign, paves way for Trump nominee Kash Patel.
• N Srinivasan resigns as CEO, MD of India Cements after CCI clears ₹7,000-crore UltraTech deal.
• Osamu Suzuki, the visionary behind Maruti-Suzuki in India, passes away at 94.
• RBI clears name of Rajat Verma as DBS Bank India CEO.

General News

• Winter Session of Parliament commenced on 25th November, to be held through 20th December.
• Both houses faces adjournments amid uproar over Adani, Sambhal issues; Lok Sabha meets for less than an hour in first week.
• 75th Anniversary of India’s Constitution: President Murmu releases commemorative coin and stamp along with copies of the Constitution in Sanskrit and Maithili.
• Lok Sabha extends tenure of joint parliamentary panel on Waqf bill.
• Maharashtra Election Results: Ruling Mahayuti secures a landslide victory.
• By-election results: Congress wins in Wayanad, Palakkad; wins all three seats in Karnataka.
• BJP edges past SP in UP, TMC consolidates position in West Bengal.
• Priyanka Gandhi takes oath as Lok Sabha MP after big win from Wayanad.
• Hemant Soren takes oath as Jharkhand’s 14th Chief Minister.
• Cabinet approves ₹10,700 crore equity infusion in Food Corporation of India.
• Government doubles penalties for stubble burning under new 2024 Amendment Rules.
• Cabinet approves national mission on natural farming, railway projects, and one nation one subscription for research.
• BRICS Summit adopts Kazan Declaration, recognising reforms for the UN and multilateral institutions.
• Cabinet approves PM Vidyalaxmi scheme for affordable education loans.
• Russia’s first deputy Prime Minster calls on PM Modi; discusses trade, energy.
• Jaishankar holds bilateral meet with Saudi counterpart Al Saud.
• PM Modi holds delegation level talks with Spanish PM Pedro Sanchez at Vadodara’s Laxmi Vilas Palace.
• NSA Ajit Doval and US NSA Jake Sullivan discuss regional security and stability in Indo-Pacific.
• Jaishankar meets with Chinese counterpart Wang Yi, discusses border disengagement.
• India and China resume patrolling at friction points along LAC after 4.5 years.
• Nepal, India agree to better coordinate border security.
• PM Modi embarks on 5-day visit to Nigeria, Brazil & Guyana.
• India and Nigeria discuss and identify specific areas of cooperation in fight against terrorism.
• Rajnath Singh embarks on three-day visit to Laos for ASEAN Defence Ministers’ Meeting.
• J&K holds first Assembly session in over six years; NC’s Abdul Rahim Rather elected speaker.
• Jammu And Kashmir passes resolution seeking dialogue with Centre on restoring Article 370.
• Security beefed up in Manipur after surge in violence.
• Conrad Sangma’s NPP withdraws support from BJP-led Manipur govt as violence grows.
• CM Chandrababu Naidu launches ₹860 crore mission to make AP pothole free by Sankranti.
• Delhi air pollution: AQI ‘severe’, visibility low in NCR; GRAP-III restrictions in place.
• DRDO successfully conducts maiden flight test of long range land attack cruise missile.
• India successfully conducts flight test of first long range hypersonic missile off the coast of Odisha.
• K Sanjay Murthy succeeds Girish Chandra Murmu as CAG of India.
• CJI Dr D.Y. Chandrachud retires; Justice Sanjiv Khanna takes oath as 51st Chief Justice of India.
• States not empowered to take over all private properties for distribution to serve common good: SC.
• Supreme Court, in 4-3 verdict, overturns 1967 ruling denying minority status to AMU.
• Indian Coast Guard seizes biggest ever 5-tonne drug haul from fishing boat in Andaman waters.
• Cyclone Fengal: Heavy rains batter Tamil Nadu, Puducherry as cyclonic storm makes landfall.
• Seven Indian institutions make it to top 100 of QS World University Rankings- Asia 2025.
• Trump wins US presidential election; picks Elon Musk, Vivek Ramaswamy to lead Govt Efficiency Dept.
• G20 issues its first ministerial declaration on disaster risk reduction.
• 19th G20 Summit concludes; Brazil hands over presidency to South Africa.
• COP29 adopts establishment of global carbon market under Paris Agreement’s Article 6.
• UN COP16 nature summit creates permanent body for Indigenous peoples.
• Russia strikes Kyiv with a combined drone and missile attack, the first in months.
• North Korea ratifies defence treaty with Russia stating mutual military aid.
• Israel launches airstrike on Lebanon day after ceasefire, says Hezbollah violated truce.
• Israel ends agreement with UN agency providing aid in Gaza.
• US announces additional security assistance for Ukraine worth estimated $425 million.
• Bangladesh asks Interpol for help in arresting ousted Prime Minister Sheikh Hasina.
• Bangladesh HC refuses to ban ISKCON’s activities after govt brands a religious fundamentalist group.
• Liberal Democratic Party’s Shigeru Ishiba re-elected as Japan’s PM.
• Japan and EU announce new defence pact.
• Bangladesh court issues arrest warrant for Sheikh Hasina, sets Nov deadline.
• US approves $385 million arms sale for Taiwan.
• Germany heads for early elections as Chancellor Scholz’s coalition collapses.
• Canada denies report claiming links between killing of Nijjar and PM Modi, Jaishankar and NSA Doval.
• Australian Senate passes world’s first law that bans children under 16 from social media.
• Sri Lanka President Anura Kumara Dissanayake’s NPP wins majority in General Election 2024.
• Navin Ramgoolam set take over as Mauritius PM after Pravind Jugnauth concedes poll defeat.
• India takes first step to hosting Olympics and Paralympics, sends Letter of Intent for 2036 edition.
• Smriti Mandhana breaks Mithali Raj’s massive record with her 8th ODI hundred.
• nd vs NZ Test series: India suffer first-ever 3-0 Test series whitewash at home.
• India clinches four-match T20 series against South Africa 3-1.
• Hardik Pandya reclaims top spot as world’s no. 1 all-rounder in ICC Men’s T20I rankings.
• BCCI announces dates for next 3 IPL seasons; 2025 season will start on March 14 and end on May 25.
• Rishabh Pant becomes most expensive player in IPL auction history, joins LSG for ₹27 crore.
• R13-year-old Vaibhav Suryavanshi becomes youngest IPL pick as Rajasthan Royals secure him.
• Rafael Nadal retires after Spain ousted by Netherlands in the Davis Cup.
• Hockey: India wins Women’s Asian Champions Trophy beating China 1-0.

Business News

• Centre announces ₹500 crore initiative to strengthen domestic medical device industry.
• Centre releases ₹799 crore as part of MHA’s copter subsidy scheme for northeastern region.
• Govt gets ₹3,449 crore from Hindustan Zinc OFS.
• NITI Aayog launches ASSET platform to help states transition to green energy.
• Centre urges states to identify sites to set up nuclear power projects.
• Centre collects ₹1.22 lakh crore from excise duty on fuel in H1 FY25.
• Centre approves PAN 2.0 project worth ₹1,435 crore to transform taxpayer registration.
• Karnataka partners with Microsoft to fast-track approvals for industrial projects.
• SC permits LMV driving licence holders to drive transport vehicles with weight up to 7,500 kg.
• Govt restores subsidies for electric three-wheelers under PM E-Drive scheme.
• World Bank, ADB agree to grant ₹13,500 crore for Amaravati.
• Govt notifies telecom cyber security rules; sets timelines for companies to report security incidents.
• Afcons Infrastructure, Sagility India, ACME Solar Holdings, Swiggy, Niva Bupa Health Insurance Company, NTPC Green Energy debut in the markets.
• RBI and Maldives sign MoU to promote use of local currencies in cross-border transactions.
• RBI, SEBI issue framework for reclassifying FPI investments as FDI.
• India proposes merging regional rural banks to help them shore up capital.
• SEBI relaxes directions issued to Axis Capital; lifts ban and restricts operations in debt market.
• RBI nod for Central Bank of India’s insurance foray in JV with Future Generali.
• Cred rolls into insurance space via Garage platform.
• Mirae Asset completes ₹3,000 crore acquisition of Sharekhan, expanding financial footprint in India.
• India, Russia ink deal to cooperate on Pantsir air defence systems.
• US charges Gautam Adani with $250 million bribery scheme, investor fraud; Adani Group calls it ‘baseless’.
• US Fed cuts interest rates a quarter point after Trump victory.
• Bank of England cuts interest rates by 25 bps to 4.75%.
• China unveils $839 billion debt swap to rescue local governments amid Trump risks.
• HCLTech announces AI/Cloud Native Lab in Singapore in partnership with government.
• L&T Tech acquires California-based AI, software firm Intelliswift in $110 million deal.
• Hyundai inks pact with Fourth Partner Energy, to set up 2 RE plants in Tamil Nadu, invest ₹38 crore.
• Mahindra Group incorporates Steer Hybren as wholly owned subsidiary of Mahindra Susten.
• Telangana govt sanctions ₹205 crore for Warangal Airport after GMR issues no objection certificate.
• SpaceX launches ISRO’s GSAT-N2 communication satellite into orbit.
• TotalEnergies, Oil India to collaborate on methane emissions detection.
• Vedanta Aluminium signs pact with GAIL for supply of natural gas.
• Gulf Oil renews partnership with Piaggio India for co-branded lubricants till 2030.
• NTPC, ONGC green arms form 50:50 JV for renewable energy play.
• First trilateral power transaction from Nepal to Bangladesh through Indian grid inaugurated.
• Tata Power signs a MoU with the ADB for $4.25 billion to finance key clean energy power projects.
• Kenya cancels airport and energy deals with Adani group after US indictment.
• French Energy Giant TotalEnergies halts new investments in Adani Group amid bribery allegations.
• Apple Inc sets up first subsidiary in India for R&D.
• Nokia wins 4G and 5G extension deal from Bharti Airtel for India operations.
• iPhone production reaches $10 billion in India in April-Oct, creates 1.75 lakh direct jobs in 4 years.
• Dixon starts manufacturing fixed broadband devices in collaboration with Nokia.
• RIL, Viacom18 and Disney complete merger to create a ₹70,352 crore JV.
• National Public Broadcaster Prasar Bharati launches its OTT platform- WAVES.
• Sony bags Asian Cricket Council media rights for $170 million till 2031.
• Premier League has signed a 3 years media rights deal worth $65 million with JioStar.
• Nazara and ONDC launch “gCommerce” to revolutionize in-game monetization.
• FICCI, GDAI sign MoU to bolster India’s video gaming industry.
• TIPS Music inks direct partnership with TikTok.
• US Trade Commission launches antitrust probe into Microsoft over cloud, cybersecurity, AI practices.
• Crypto market valuation crosses record $3.5 trillion amid pro-crypto policies following Trump’s election.
• Bitcoin faces downward pressure after missing $100,000 milestone.
• SC sets aside NCLAT order approving Byju’s ₹158 crore settlement with BCCI.
• AO Smith Corp completes acquisition of Pureit from Hindustan Unilever.
• Wilson & Hughes PE acquires travel firm Cox & Kings assets, brands.

Q2 Results

• SBI Q2 PAT jumps 28% YoY to ₹18,331 crore, NII rose 5% YoY to ₹41,620 crore.
• Tata Motors Q2 Consolidated PAT falls 11% YoY to ₹3,343 crore.
• Mahindra & Mahindra Q2 net profit jumps 35% YoY to ₹3,171 crore on higher SUV sales.
• Hyundai India Q2 Consolidated PAT falls 16% YoY to ₹1,375 crore, revenue down 7% to ₹17,260 crore.
• Ashok Leyland net profit jumps 37% to ₹770 crore, Revenue contracted by 9% to ₹8,728 crore.
• LIC Q2 net slides 4% to ₹7,621 crore on an 11% rise in premium income to ₹1.20 lakh crore .
• Trent Q2FY25 PAT rises 44.3% to ₹338.75 crore despite headwinds.
• MRF Q2 Standalone PAT falls 20% YoY to ₹455 crore, revenue rose 11% YoY to ₹6,760 crore.
• Asian Paints Q2 Net profit declines 43% on weak demand, revenue dips 5%.

General News

• Assembly polls: Maharashtra votes on Nov 20, Jharkhand in 2 phases on Nov 13, 20; results on Nov 23.
• Wayanad by-election 2024: Voting on November 13, results on November 23.
• Nayab Singh Saini takes oath as Haryana Chief Minister as BJP secures historic third term.
• Centre revokes President’s rule in J & K; Omar Abdullah takes oath as J&K Chief Minister.
• Omar Abdullah meets PM Modi, seeks early restoration of J&K statehood.
• NDA finalises seat-sharing deal for Jharkhand Assembly polls; BJP gets 68 seats, AJSU 10.
• PM Modi holds bilateral meetings with Canada’s Trudeau and other ASEAN Leaders at East Asia Summit.
• Maldives President Muizzu in India on first state visit to repair ties.
• President Droupadi Murmu embarked on 3-nation visit to Algeria, Mauritania and Malawi.
• India, Australia hold 2+2 Secretary level talks, discuss political and defence issues.
• BRICS Summit adopts Kazan Declaration, recognising reforms for the UN and multilateral institutions.
• Indian govt agents targeting Khalistanis using Bishnoi Group, alleges Canadian Police.
• India recalls diplomats from Canada, citing Trudeau govt’s failure to ensure their safety.
• PM Modi holds delegation level talks with Spanish PM Pedro Sanchez at Vadodara’s Laxmi Vilas Palace.
• India Pakistan extends Kartarpur Corridor agreement till 2029.
• India, China reach agreement on patrolling along LAC in eastern Ladakh.
• Jaishankar meets Sri Lankan President Dissanayake and PM Amarasuriya, discusses ways to deepen ties.
• DefConnect 4.0: Rajnath Singh launches ADITI 2.0, calls to innovate distinctive technology.
• Rajnath Singh and Telangana CM Revanth Reddy Lay Foundation for Strategic VLF Radar Station.
• DRDO successfully flight-tests 4th Generation Very Short Range Air Defence System.
• Cabinet clears defence deals worth ₹80,000 crore for Predator drones, nuclear submarines.
• Ayushman Bharat Scheme to provide health coverage for all senior citizens aged 70 and above.
• Jaishankar, Mandaviya launch e-Migrate portal and mobile app for the benefit of Indian migrants.
• DigiLocker partners with UMANG app for seamless access to govt services.
• PM Modi distribute 51,000 appointment letters to youth at Rozgar Mela via video conferencing.
• CJI Chandrachud names Justice Sanjiv Khanna as successor.
• Supreme Court unveils new justice statute without blindfold, holds Constitution in place of sword.
• Cabinet approves classical language status to 5 languages – Marathi, Bengali, Assamese, Pali and Prakrit.
• Vinesh Phogat, Bajrang Punia join Congress at AICC headquarters.
• Prashant Kishor launches Jan Suraaj Party in Bihar, vows to end liquor ban.
• ISRO chief reveals new launch timelines: Gaganyaan in 2026, Chandrayaan-4 in 2028, NISAR in 2025.
• Ladakh gets world’s highest MACE Observatory, largest imaging Cherenkov telescope in Asia.
• Cyclone Dana makes landfall in Odisha; trees uprooted, roads blocked amid severe storm, rainfall.
• SC orders SIT to investigate into allegations of adulterated ghee in Tirumala Tirupati prasadam.
• Junior doctors continue indefinite hunger strike in Kolkata demanding justice, workplace safety.
• Ayodhya sets Guinness World Records with 25 lakh diyas lit, 1,121 people performing aarti together.
• 70th National Film Awards: Mithun Chakraborty honoured with Dadasaheb Phalke Award.
• President Droupadi Murmu confers 5th National Water Awards; Odisha wins first prize.
• Veteran industrialist and Tata Group’s chairman emeritus Ratan Tata passed away at 86.
• Senior NCP leader Baba Siddique shot dead in Mumbai, two held.
• World marks Oct. 7 attack on Israel with solemn vigils, pro-Palestinian protests.
• Israel passes laws to restrict the work of a UN agency that is a lifeline for Gaza.
• Israel confirms killing Hezbollah successor Hashem Safieddine in Beirut airstrikes.
• Hezbollah claims war with Israel enters new phase, introduces new weaponry.
• US Election 2024: Biden casts early ballot for Harris as election day nears.
• Rishi Sunak bowed out as UK Opposition Leader in Parliament.
• North Korea announces complete separation from South Korea.
• Japan PM dissolves parliament ahead of Oct 27 elections.
• Nobel Peace Prize 2024 awarded to Japanese NGO Nihon Hidankyo.
• Bangladesh court issues arrest warrant for Sheikh Hasina, sets Nov deadline.
• IOC suspends payments to IOA amid governance crisis.
• Gymnast Dipa Karmakar, former Indian women’s hockey skipper Rani Rampal announce retirement.
• Rafael Nadal announces retirement at end of 2024 season.
• India vs Bangladesh T20: India won the 3-match series 3-0.
• New Zealand clinch historic Test series win in India.
• New Zealand wins cricket’s Women’s T20 World Cup for first time with 32-run victory over South Africa.
• IND-W vs NZ-W, ODI: India win three-match series 2-1.
• Smriti Mandhana breaks Mithali Raj’s massive record with her 8th ODI hundred.
• VVS Laxman to fill in for Gautam Gambhir as India’s head coach in South Africa.
• Sanath Jayasuriya appointed as full-time head coach of Sri Lanka till 2026 T20 World Cup.
• Spain’s Rodri and Bonmatí win Ballon d’Or award for best men’s and women’s players in world soccer.
• Wimbledon replaces line judges with electronic system in break with tradition.

Business News

• Centre approves ₹1 lakh crore for PM-RKVY and Krishonnati Yojana to boost sustainable agriculture and food security.
• Centre releases ₹1.78 lakh crore tax devolution to states, including advance instalment for festive season.
• Government notifies rules for ‘Ecomark’ certification to promote eco-friendly products.
• Govt rolls out PM’s internship scheme on pilot basis; aims to provide 1 crore internship over 5 years.
• Cabinet approves MSP hike for 6 Rabi crops for FY26 ahead of Diwali.
• Centre launches second phase sale of Bharat brand Chana Dal via NCCF and NAFED Vans.
• Mudra loan limit doubled to ₹20 lakh in line with Budget announcement.
• Nirmala Sitharaman embarks on two-nation visit to Mexico and USA for economic engagements.
• Centre rebukes X after bomb threats to over 100 flights, asks them to use AI solutions to block accounts.
• India and Spain sign MoUs on infra, rail transport, culture and tourism.
• India, Maldives sign currency swap agreement, to initiate talks on FTA.
• World Bank, ADB commit $1.6 billion for Andhra capital Amaravati, funds to come from Jan 2025.
• RBI keeps repo rate unchanged at 6.5%, changes stance to ‘neutral’.
• RBI bars 4 NBFCs, Asirvad Micro Finance, Arohan, Navi Finserv and DMI Finance, from granting loans.
• SEBI announces new framework to curb excessive speculation in stock market.
• Hyundai Motor India makes its market debut.
• Google, Muthoot Finance tie up to provide gold-backed loans through GPay.
• Infosys expands pact with Old National Bank to accelerate its operational, technological transformation.
• PwC India collaborates with Meta to expand open-source AI solutions.
• HCLTech enters 5-year pact with New South Wales govt’s transport agency.
• Airtel Business partners with Fortinet to launch ‘Airtel Secure Internet’ for enhanced cybersecurity.
• Voda Idea inks deal with Ericsson to buy 4G/5G gear.
• Hindustan Aeronautics Limited elevated to 14th Maharatna CPSE status.
• PM Modi inaugurates airports in Madhya Pradesh, Chhattisgarh and Uttar Pradesh.
• PM Modi, Spanish PM Sanchez inaugurate Tata’s aircraft manufacturing facility.
• Air India Express-AIX Connect merger done to form larger low-cost carrier.
• Akasa Air announces partnership with Rolls-Royce for engine leasing deal.
• Indian Railways reduces advance reservation of train to 60 days from Nov 1.
• SpaceX’s towering 400 ft Starship rocket successfully caught by mechanical arms.
• Government launches PM E-DRIVE scheme to boost electric vehicle innovation.
• Maruti Suzuki’s Manesar plant becomes fastest to hit 1 crore production milestone globally.
• BYD revenue beats Tesla for first time; Q3 sales surge 24% to 201 billion yuan.
• India extends its first-ever rupee-denominated Line of Credit under IDEAS to Mauritius.
• Maldives President introduces UPI payment service to boost economy.
• China cuts benchmark loan prime rates by 25 bps to boost economy.
• Sri Lanka records first deflation in 40 years; reaches debt-restructuring agreement with bondholders.
• Bharat Forge teams up with US defence giants for next-gen artillery systems.
• General Electric’s LM2500 marine engines to power Navy’s next gen missile vessels.
• Gensol and Matrix Gas to build India’s first hydrogen-powered steel facility.
• Qualcomm to enter sub- ₹10,000 smartphone segment with Xiaomi’s made in India 5G handset.
• Samsung India workers call off over a month long strike after amicable resolution.
• Tata Steel signs contract with Tenova for electric arc furnace at Port Talbot plant.
• JSW Steel-JFE JV to acquire Thyssenkrupp Co for ₹4,000 crore.
• Adani Group merges subsidiaries with ANIL.
• Reliance Group forays into Bhutan with new company to develop renewable energy projects.
• Kenyan court suspends $736 million Adani power line deal.
• Jio Financial arm Jio Payment Solutions receives RBI nod to operate as online payment aggregator.
• Zomato grants 12 million stock options worth ₹330 crore under ESOP.
• Poonawalla acquires a 50% stake in Dharma Productions for ₹1,000 crore.
• SC sets aside NCLAT order approving Byju’s ₹158 crore settlement with BCCI.
• Noel Tata appointed chairman of Tata Trusts.
• RBI approves appointment of Partha Sengupta as Bandhan Bank MD, CEO for 3 years.
• RBI approves third term for Axis Bank MD, CEO Amitabh Chaudhry.

Q2 Results

• HDFC Bank Q2 PAT rises 5% YoY to ₹16,821 crore, NII rose 10% YoY to ₹30,113 crore.
• ICICI Bank Q2 net profit jumps 14% on-year to ₹11,746 crore, NII up 9.5% to ₹20,048 crore.
• Kotak Mahindra Bank Q2 Net profit rises 4.8% ₹3,344 crore, NII rose by 11% to ₹7,019.3 crore.
• Axis Bank Q2 Net profit rises 18% on year to ₹6,917.57 crore.
• Yes Bank Q2 profit surges to ₹553 crore; NII up 14.3% YoY to ₹2,200 crore.
• PNB Q2 Net profit jumps 145% to ₹4,303 crore on sharp drop in provisions; asset quality improves.
• TCS Q2 Net profit rises 5% to ₹11,909 crore, dividend declared of ₹10 per equity share.
• HCL Tech Q2 Net profit rises 10.5% YoY to ₹4,235 crore, revenue at ₹28,862 crore.
• Infosys Q2FY25 net rises 4.7% to ₹6,506 crore; revenue up 5% at ₹40,986 crore; ₹21/share dividend
• Tech Mahindra Q2 Profit zooms 153% YoY to ₹1,250 crore, revenue up 3.5% to ₹13,313 crore.
• LTIMindtree net profit rises 7.7% YoY to ₹1,251 crore.
• HDFC Life Q2 Net profit rises 15% YoY to ₹433 crore; net premium income up 12%.
• Reliance Q2 net profit declines 4.8% YoY to ₹16,563 crore, revenue remains stable at ₹235,481 crore.
• Bharti Airtel Q2 Net profit soars 168% YoY to ₹3,593 crore, ARPU rises to ₹233.
• ITC Q2 Profit rises 1.8% to ₹5,054 crore, revenue jumps 15.6% at ₹22,281.89 crore.
• HUL Q2 Net profit drops 4% to ₹2,612 crore, ₹29/share interim dividend.
• Maruti Suzuki Q2 standalone profit slides 17% YoY to ₹3,069 crore.
• TVS Motor Q2 Net rises 23% on year to ₹663 crore, revenue rises 13% to ₹9,228 crore.
• Ultratech Cement Q2 Net profit declines 36% YoY to ₹825 crore, revenue down 2% to ₹15,635 crore.
• Zomato Q2 results: PAT surges 389% YoY to ₹176 crore, with revenue jumping 68%.

General News

• J&K polls: Phase 1 sees 61.38% voter turnout and phase 2 records 57.31%; Phase 3 underway.
• Parliament’s standing committees constituted: BJP’s Mahtab to head Finance, Shashi Tharoor given External Affairs.
• Cabinet clears Kovind-led report on ‘One Nation, One Election’, bill to be introduced in Winter Session.
• Government approves proposals worth ₹1,45,000 crore to enhance country’s defence preparedness.
• Cabinet Committee on Security approves procurement of 240 aero-engines for IAF’s Su-30 MKI aircraft.
• Air Marshal Amar Preet Singh appointed as next Chief of the Air Staff.
• President Droupadi Murmu visits Siachen Base Camp; interacts with soldiers and officers.
• Rajnath Singh inaugurates IDAX-24 Expo, anti-drone gun, pseudo satellite, latest defence tech on display.
• India successfully carries out launch of Agni-4 ballistic missile from Integrated Test Range at Chandipur.
• Government sanctions ₹31,000 crore to fence Myanmar border.
• BrahMos fixes reservations for Agniveers, 15% in technical, 50% in admin and security roles.
• Odisha Cabinet approves 10% reservation for ex-Agniveers in State’s uniform services.
• Cabinet approves expansion of Chandrayaan 4 Mission, allotting ₹2,104 crore with a 36-month timeline.
• India, China, Russia to jointly build massive nuclear power plant on moon to establish a future human lunar colony.
• Centre releases the “Biotechnology for Economy, Environment, and Employment (BioE3) Policy 2024”.
• PM Modi inaugurates and lays foundation stone of ₹11,200 crore projects in Maharashtra.
• PM Modi visits Brunei and Singapore; India, Brunei agree to enhance defence, space cooperation.
• UAE and India sign MoU to strengthen public sector audit cooperation.
• Jaishankar attends first India-Gulf Cooperation Council foreign ministers’ meet in Riyadh.
• PM Modi attends 6th quad summit hosted by US President Joe Biden.
• Jaishankar meets UN chief Guterres, UNGA president Yang; discusses multilateral reforms, global issues.
• SC grants bail to Kejriwal in liquor policy case, upholds legality of his arrest.
• President Murmu appoints Atishi as Delhi CM, accepts Kejriwal’s resignation
• Tamil Nadu Cabinet reshuffled: MK Stalin’s son Udhayanidhi becomes deputy CM.
• CM Mamata Banerjee meets striking doctors’ demands; police commissioner Vineet Goyal to be removed.
• Centre asks States and UTs for screening and testing of all suspect cases of Mpox.
• Veteran CPI(M) leader Sitaram Yechury passes away; Prakash Karat appointed as interim party coordinator.
• Vinesh Phogat, Bajrang Punia join Congress at AICC headquarters.
• President Droupadi Murmu unveils new flag and insignia of the Supreme Court of India.
• Tirupati laddu row: FSSAI issues show cause notice to AR Dairy for substandard ghee supply.
• SC questions evidence of contaminated ghee in Tirupati row; suggests shifting probe to independent agency.
• Bombay HC formally strikes down amended IT Rules on fake news, calls them ‘unconstitutional’.
• FIR filed against Karnataka CM Siddaramaiah in MUDA scam probe.
• CBI arrests Sandip Ghosh and Abhijit Mondal in connection with Kolkata murder case.
• Andhra, Telangana reel under rain fury; 31 dead, lakhs affected.
• Port Blair gets renamed as ‘Sri Vijaya Puram’ to shed colonial legacy.
• Kiran Rao’s ‘Laapataa Ladies’ Picked as India’s Official Entry for Oscars 2025.
• Israel intensifies military operations against Hezbollah in Lebanon; rejects proposal for ceasefire.
• Hassan Nasrallah, Hezbollah chief killed in Israel strike on Lebanon.
• Europeans, Arab, Muslim nations launch new initiative for independent Palestinian State.
• Pagers, walkie talkies, other electronic devices explode across Lebanon and Syria in deadly attack.
• UN General Assembly passes resolution urging Israel to withdraw from Palestinian territories, India abstains.
• Zelensky reshuffles Ukraine cabinet as Russian missile strike targets Lviv.
• PM Modi meets Ukraine President Zelensky in New York, reaffirms support for peaceful resolution.
• Putin issues nuclear warning to the West over strikes on Russia from Ukraine.
• US presidential debate: Harris, Trump clash over key issues.
• Donald Trump survives another assassination attempt at Florida golf club.
• Joe Biden signs Stopgap Bill to avert shutdown, boost secret service funding.
• Iraq, US agree on phased coalition troop pullout.
• Anura Kumara Dissanayake sworn in as 9th president of Sri Lanka; Harini Amarasuriya new PM.
• Macron names EU’s Brexit negotiator Michel Barnier as France’s new Prime Minister.
• Former Defence Minister Shigeru Ishiba wins party leadership contest, set to become Japan’s next PM.
• Justin Trudeau survives vote of confidence in Canadian parliament.
• India clinch historic double gold medals in Chess Olympiad.
• India concludes its historic Paralympics campaign with a record 29 medals, marking its best-ever performance.
• Preethi Pal made history by becoming the first Indian woman track and field athlete to secure two Paralympic medals.
• India beats Bangladesh by 280 runs to lead 2 Test series 1-0.
• ICC announces equal prize money for men and women in World Cups.
• IPL 2025 Auction rules: Franchises can retain up to 6 players, RTM option brought back.
• Sri Lanka’s Kamindu Mendis becomes fastest Asian to record 1000 Test runs.
• Bravo retires from all forms of cricket, joins KKR as mentor.
• Ricky Ponting joins Punjab Kings as head coach on four-year contract.
• US Open: Aryna Sabalenka wins maiden title; Jannik Sinner wins second Grand Slam title.
• Ronaldo becomes 1st player to reach 900 career goals.

Business News

• PM Modi launches 3 PARAM Rudra supercomputers, says tech upgradation should empower poor.
• Nirmala Sitharaman launches NPS Vatsalya, parents can open pension a/c for children.
• Railtel, SJVN, NHPC bag ‘Navratna’ status from Finance Ministry.
• Govt gets ₹2,413 crore dividend from BPCL.
• India’s fiscal deficit for April-August at ₹4.35 lakh crore, 27% of full-year target.
• India’s manufacturing PMI drops to 3-month low at 57.5 in August; service sector growth rises to a 5-month high in August.
• PM Modi launches India’s first ‘Namo Bharat Rapid Rail’ connecting Ahmedabad and Bhuj.
• Indian Railways to operate over 6,000 special trains during upcoming festive season.
• Cabinet approves 4th phase of PM Gram Sadak Yojana at a cost of ₹70,125 crore.
• Cabinet approves free health insurance for 70+ senior citizens under Ayushman Bharat.
• GST Council reduces taxes on helicopter travel to pilgrimage sites from 18% to 5%.
• GST reduced from 12% to 5% on cancer drugs, 18% to 12% on selected snacks.
• DGGI detects ₹2.01 lakh crore GST evasion in FY24, with online gaming and BFSI most affected.
• Centre hikes minimum wage rates for workers up to ₹1,035 per day.
• Karnataka CM Siddaramaiah inaugurates KWIN city to boost industry, infrastructure.
• Govt scraps windfall tax on petroleum crude as global prices cool.
• Centre advises edible oil associations not to raise prices until existing lower-duty imported stocks are used up.
• Union Cabinet approves 7 schemes to improve farmers’ lives with total outlay of ₹14,235 crore.
• Centre lifts minimum export price cap on onion, basmati rice to boost farmer income.
• NSE Index Rejig: Trent, BEL enters Nifty 50; Divi’s Labs, LTIMindtree excluded.
• Bajaj Housing Finance, Kross, Northern Arc Capital, Manba Finance make their market debuts.
• Swiggy, Hyundai Motor India get SEBI nod for their IPOs.
• Reliance Industries approves 1:1 bonus issue of shares, increase in share capital.
• Adani Enterprises announces early closure of ₹800 crore NCD issue.
• AU Small Finance Bank submits application to RBI for voluntary transition to universal bank.
• IRDAI prohibits insurers from collecting premium before policy approval.
• CCI approves Tata Motors Finance merger with Tata Capital.
• Airtel Business inks pact with Italy’s Sparkle for capacity on Blue-Raman submarine cable.
• Vodafone Idea signs $3.6 Billion deal with Nokia, Ericsson, and Samsung for network equipment supply.
• Bharti Airtel to award $1 bn in 4G network contracts to Ericsson, Nokia, Samsung.
• Ford to repurpose Chennai plant for vehicle exports, plans to add up to 3,000 new jobs.
• Tamil Nadu CM Stalin lays foundation stone for Tata Motors’ ₹9,000 crore plant in TN.
• Tata Power arm partners with Tata Motors to install 200 fast-charging stations for electric CVs.
• Revolt Motors announces first international launch of electric motorcycles in Sri Lanka.
• Mercedes-Benz expands EV lineup in India amid growing demand.
• Ola Electric e-scooter S1 X 2kWh gets PLI certification.
• India’s defence production hits record ₹1.27 lakh crore.
• Lockheed Martin partners with Tata to make C-130J Super Hercules aircraft in India.
• HAL partners with SAFHAL to develop ‘Aravalli’ engines for its next gen helicopters.
• SpiceJet to convert Carlyle Aviation’s dues worth $40 million into equity.
• India gears up for a new airline as Shankh Air gets aviation ministry’s nod.
• SpaceX And Polaris Dawn Crew Complete Historic First Commercial Spacewalk.
• India to get first national security semiconductor fabrication plant as part of collaboration with US.
• Cabinet approves ₹3,300 crore Kaynes ATMP chipmaking plant in Gujarat.
• Analog Devices, Tata Group in talks to make semiconductors in India.
• SEMI, IESA join hands to boost semiconductor ecosystem in India.
• Microsoft approves new $60 billion share buyback program.
• TCS partners with Google Cloud to launch AI-powered cybersecurity solutions.
• US, Britain, EU sign world’s first international artificial intelligence treaty.
• Federal Reserve slashes benchmark rate by 50 bps for first time in four years, signals further cuts in 2024.
• UK economy stalls as GDP stagnates for second month in a row.
• IMF approves $7 billion bailout for Pakistan; $1 billion tranche expected this month.
• Anil Ambani invests ₹1,100 crore in Reliance Infrastructure.
• Adani Total Gas gets $375 million financing from 5 global lenders.
• 53 drugs, including Paracetamol and Pan-D, fail Central Drugs Standards Control Organisation (CDSCO)’s quality test.
• Airtel Digital TV collaborates with Amazon Prime.
• Viacom18 gets I&B ministry approval to transfer TV channels to Star.
• Donald Trump unveils crypto platform World Liberty Financial.
• Apple unveils iPhone 16 series built for AI, Watch Series 10, AirPods 4.
• BharatPe settles with Ashneer Grover, ex co-founder will not be associated with BharatPe in any capacity.
• Byju’s faces setback as US court upholds $1.2 billion loan default ruling.
• OYO buys leading US hotel chain G6 Hospitality from Blackstone for $525 million.
• Tupperware files for bankruptcy amid long-term sales struggles.
• Federal Bank approves appointment of Krishnan Venkat Subramanian as MD & CEO.

Q1 Results

• SBI Q1 Net profit rises marginally to ₹17,035.16 crore, NII up 16.2% YoY
• Tata Motors Q1 PAT surges 74% YoY to ₹5,566 crore.
• TVS Motor Q1 net profit rises 23% YoY to ₹577 crore.
• LIC Q1 Net profit rises 9% to ₹10,544 crore, APE up 21% to ₹11,560 crore.
• Adani Enterprises Q1 Cons PAT zooms 116% YoY to ₹1,454 crore.
• IRCTC Q1 Net profit rises 33% YoY to ₹308 crore, revenue up 11.8% to ₹1,120 crore.
• LIC Housing Finance Q1 Net profit drops 2% to ₹1,300 crore, NII down 10% YoY.
• ITC Q1 Net profit down marginally to ₹5,091.59 crore, revenue rises 7.5% to ₹20,029.60 crore.
• Biocon Limited reports 30% YoY rise in consolidated revenues in Q1 FY25 at ₹4,567 crore.
• Eicher Motors Q1 Net profit rises 20% to highest ever at ₹1,101.5 crore , revenue up 10% YoY
• HAL Q1 results: Net profit jumps 77% to Rs 1,437 crore; revenue up 11% to ₹4,347.50 crore.
• Zomato Q1 Profit jumps multifold to ₹253 crore; revenue soars 74% YoY to ₹4,206 crore.

General News

• Parliament adjourned sine die a day before schedule; Lok Sabha clocks 136 % productivity
• Parliament passes Finance, Appropriation and J&K Bills.
• Waqf (Amendment) Bill, 2024 sent to Joint Parliamentary Committee for detailed review.
• Lok Sabha Speaker constitutes six new parliamentary committees for 2024-25.
• 12 members elected unopposed to Rajya Sabha, BJP now holds 96 seats.
• 78th Independence Day: PM Modi addresses the nation from the Red Fort for the 11th consecutive time.
• President approves 103 Gallantry Awards for Armed Forces and Central Armed Police Forces.
• PM Modi releases 109 high-yielding, climate-resilient, and biofortified crop varieties.
• Assembly election 2024: J&K to vote in 3 phases from Sept 18, Haryana to vote on Oct 1; results on Oct 4.
• Centre announces five new districts in Ladakh – Zanskar, Drass, Sham, Nubra and Changthang.
• India, Sri Lanka, Mauritius, Maldives sign Charter and MoU for establishment of Colombo Security Conclave Secretariat
• India and New Zealand sign customs co-operation arrangement to ease trade between the two countries./li>
• India and Australia call for strengthened international cooperation to combat terrorism comprehensively.
• PM Modi holds talks with Vietnam counterpart, agrees to expand strategic partnership
• Rajnath Singh, Jaishankar host their Japanese counterparts for 2+2 ministerial dialogue in New Delhi.
• Nirmala Sithraman, Piyush Goyal, Jaishankar, Vaishnaw participate in India-Singapore ministerial meet.
• PM Modi arrives in Kyiv in historic visit; holds talks with President Zelenskyy.
• Wayanad landslide triggered by heavy monsoon rains and midnight cloudburst claims over 450 lives, with more than 200 still missing..
• DRDO successfully tests the Long Range Glide Bomb GAURAV from a Sukhoi-30 MK-I.
• ISRO successfully launches EOS-08 Earth Observation Satellite.
• India develops indigenous RT-PCR testing kit for Mpox, CDSCO has approved Siemens Healthineer’s.
• SC allows states to sub-classify SCs, STs for quotas within reserved categories.
• Nationwide doctors’ protests escalate over murder of Kolkata doctor.
• Govt gives nod to enhance security deployment at all Central govt hospitals by 25%.
• Karnataka Governor grants permission to prosecute CM Siddaramaiah in MUDA ‘scam’.
• Over 250 killed, hundreds missing after 3 landslides hit Wayanad district in four hours amid heavy rain.
• SC grants bail to BRS leader Kavitha in Delhi liquor case.
• ED files supplementary charge sheet against Lalu Prasad, Tejashwi in land-for-jobs scam.
• PM Modi unveils a commemorative stamp and coin celebrating 75 years of the Supreme Court of India.
• NEET-UG 2024: SC maintains ‘no breach of sanctity’, directs seven measures for transparent exams.
• NIRF rankings 2024: IIT Madras tops for sixth consecutive year; IISc Bengaluru named best university.
• 70th National Film Awards: Aattam wins Best Film, Rishab Shetty is Best Actor, KGF 2 and Kantara bag top honours.
• Senior IAS officer Govind Mohan appointed as next Union Home Secretary.
• Vinay Mohan Kwatra assumes charge as India’s new Ambassador to US.
• Finance Secretary TV Somanathan appointed as Cabinet Secretary for 2 years.
• Jaishankar meets Maldives President Muizzu, reaffirms India’s commitment to strengthening bilateral ties.
• Bangladesh PM Sheikh Hasina resigns , leaves for India amid protests over job quota reforms.
• Bangladesh President appoints Nobel laureate Mohammad Yunus as the head of the interim government.
• Chinese leader Xi meets with US national security adviser Jake Sullivan in a bid to improve ties.
• Kamala Harris secures Democratic presidential nomination; chooses Minnesota Gov. Tim Walz as VP pick.
• Putin meets China’s Premier Li as Moscow and Beijing deepen their relations.
• US, Egypt and Qatar call for “urgent talks” to reach Israel-Hamas cease-fire.
• Hamas rejects “new conditions” by Israel for Gaza ceasefire deal.
• Russia launches its biggest drone barrage against Ukraine in 7 months.
• US and Russia complete biggest prisoner swap since end of Cold War.
• Zelenskyy confirms Ukrainian military forces are operating inside Russia’s Kursk region.
• WHO updates its list of pathogens that could trigger the next pandemic.
• WHO declares mpox outbreak a global health emergency.
• Turmoil in UK as nation hit by worst riots in years; hotels used to house asylum seekers attacked.
• Germany cuts visa processing time for Indian skilled workers from 9 months to 2 weeks.
• Rajapaksas’ party fields Mahinda’s son Namal in Sri Lanka’s presidential race.
• North Korea reopens borders for tourists first time after 5 years.
• Paris Olympics 2024 concludes; India finished at 71st spot with 6 medals.
• Manu Baker clinched two bronze medals in shooting; Hockey Indian team wins Bronze.
• Neeraj Chopra wins silver in men’s javelin throw; Wrestler Aman Sehrawat wins Bronze.
• Wrestler Vinesh Phogat disqualifies from Women’s Wrestling for being overweight by a few grams.
• India sends largest-ever contingent of 84 players to Paris Paralympic Games.
• Sri Lanka win 3 match ODI series against India 2-0.
• WTC Points Table: England moves to 4th in World Test Championship standings; India, Australia on top.
• US Open: Carlos Alcaraz knocked out in round 2, grand slam streak ends.
• Jay Shah elected unopposed as ICC chairman.

Business News

• Centre approves Unified Pension Scheme, providing assured family and minimum pension.
• Cabinet approves Vigyan Dhara scheme to promote S&T capacity building, research, innovation.
• Centre approves ‘BioE3’ policy for boosting innovation-driven support to R&D.
• Direct tax collections jump nearly 24% to ₹8.13 lakhs in April-Aug period.
• Finance Ministry grants five-year Income Tax exemption to UIDAI.
• Auto manufacturers to offer discount for those scrapping old vehicles to buy new ones: Gadkari.
• Union Cabinet approves three metro rail projects for Bengaluru, Thane and Pune.
• Government provides ₹35,000 crore push to build 12 smart cities.
• PM Modi lays the foundation stone for the Vadhvan Port, a ₹76,000 crore project in Palghar district.
• Centre unveils Krishi-DSS, a satellite-based platform to support farmers.
• Cabinet Committee on Economic Affairs gives nod to eight railway projects worth ₹24,657 crore.
• India’s Q1 FY25 GDP grows at 6.7%, slowest in 5 quarters.
• India’s fiscal deficit hits 17.2% at ₹2.77 lakh crore of FY25 target in April-July
• RBI keeps repo rate unchanged at 6.5%, stance ‘accommodative’, GDP growth at 7.2% for FY25.
• Cheques to be cleared within few hours now, closing in on NEFT, RTGS speed of transfer.
• RBI announces ULI, new credit platform enables borrowers the benefit of seamless delivery credit.
• RBI instructs banks to provide short-term loans for crop and allied activities to farmers at 7% interest rate.
• RBI declares premature redemption calendar for Sovereign Gold Bonds issued between 2017-2020.
• IndusInd Bank gets RBI nod for undertaking mutual funds business via new subsidiary
• Karnataka temporarily withdraws order halting banking with SBI, PNB.
• SEBI revises criteria for stocks to enter, exit derivatives segment.
• Ola Electric Mobility, Unicommerce Esolutions, Saraswati Saree Depot, Brainbees Solutions, Orient Technologies and Interarch Building Products make their market debuts.
• SEBI refutes Hindenburg Research’s allegations, asserts strong internal mechanisms.
• Adani Group denies commercial relationship with SEBI chairperson Madhabi Puri Buch
• Telangana CM inks 19 investment deals/MoUs attracting ₹31,500 crore from US trip.
• Tamil Nadu govt inks pact with Nokia, PayPal, Microchip during CM Stalin’s visit to San Francisco.
• US Fed keeps interest rates steady; hints at September rate cut.
• China’s central bank leaves its 1-year and 5-year loan prime rates unchanged at 3.35% and 3.85%.
• India and the US sign an MoU to enhance cooperation on small and medium enterprises.
• Tata Motors ties with Delta Electronics and Thunderplus Solutions to expand charging infrastructure.
• Nazara Tech unit buys US-based gaming content firm Deltias Gaming for ₹7.5 crore.
• Xerox and HCLTech extend agreement to drive innovation with AI and Digital Engineering.
• Infosys expands collaboration with Nvidia for AI-driven solutions for telecom companies.
• Govt bans 156 medicines including antibiotics, painkillers, & multivitamins after review finds health risks.
• DoT allocates airwaves to all three telecom companies.
• Accenture get CCI’s nod to acquire stake in Vodafone’s arm.
• Air India, Vistara get DGCA nod to integrate aircraft line maintenance operations.
• HAL partners with SAFHAL to develop ‘Aravalli’ engines for its next gen helicopters.
• CIL, GAIL sign agreement to set up coal-to-synthetic natural gas project.
• Tata Power, DGPC partner to set up 600 MW hydro project in Bhutan.
• GAIL, Petron sign pact to explore setting up bio-ethylene plant in India.
• Reliance AGM 2024: Ambani unveils Jio AI Cloud, to give 100 GB free cloud storage to Jio users.
• Reliance Industries to consider 1:1 bonus shares at September 5 board meeting.
• CCI approves $8.5 bn merger of Disney-Reliance media assets.
• Cabinet approves 730 FM private radio channels’ e-auction for 234 cities.
• Competition watchdog approves merger between Viacom18 and Star India with caveats.
• Star terminates $1.5 billion ICC TV rights deal with Zee.
• Zomato buys Paytm’s ticketing business for ₹2,048 crore.
• Zee settles merger termination disputes with Sony, terminates $10 billion deal.
• Airtel to shut down Wynk Music, shifts focus to Apple Music.
• Amazon partners with 45 govt emporiums, NGOs, trade bodies to empower local artisans.

BharatPe launches secured loans for merchants, expands credit offerings with OTO, Volt.
India’s UPI processes nearly ₹81 lakh crore transactions in April-July; surpasses world’s leading digital payment platforms.
RBI governor rated A+ for the second time in the Global Finance Central Banker Report Cards 2024.
Dinesh Khara concludes tenure as SBI Chairman, SBI Cards Director; CS Setty takes over.
HCLTech names Shiv Walia as the Chief Financial Officer after Prateek Aggarwal steps down.
Gautam Adani to step down at 70, transfer control to heirs.

Q1 Results

• SBI Q1 Net profit rises marginally to ₹17,035.16 crore, NII up 16.2% YoY
• Tata Motors Q1 PAT surges 74% YoY to ₹5,566 crore.
• TVS Motor Q1 net profit rises 23% YoY to ₹577 crore.
• LIC Q1 Net profit rises 9% to ₹10,544 crore, APE up 21% to ₹11,560 crore.
• Adani Enterprises Q1 Cons PAT zooms 116% YoY to ₹1,454 crore.
• IRCTC Q1 Net profit rises 33% YoY to ₹308 crore, revenue up 11.8% to ₹1,120 crore.
• LIC Housing Finance Q1 Net profit drops 2% to ₹1,300 crore, NII down 10% YoY.
• ITC Q1 Net profit down marginally to ₹5,091.59 crore, revenue rises 7.5% to ₹20,029.60 crore.
• Biocon Limited reports 30% YoY rise in consolidated revenues in Q1 FY25 at ₹4,567 crore.
• Eicher Motors Q1 Net profit rises 20% to highest ever at ₹1,101.5 crore , revenue up 10% YoY
• HAL Q1 results: Net profit jumps 77% to Rs 1,437 crore; revenue up 11% to ₹4,347.50 crore.
• Zomato Q1 Profit jumps multifold to ₹253 crore; revenue soars 74% YoY to ₹4,206 crore.

General News

• Monsson session of Parliament begins, to go on till August 12.
• Lok Sabha Speaker amends rules to bar MPs from chanting slogans while taking oath..
• Centre constitutes Cabinet Committees on security, economic and political affairs.
• BBJP announces in-charges for 24 states including poll-bound Jharkhand, Haryana.
• Assembly by-polls: Congress, TMC win 4 seats each, BJP bags 2, AAP and DMK get 1 seat each..
• President Murmu appoints 6 new governors; Gulab Chand Kataria replaces Banwarilal Purohit in Punjab..
• President Murmu confers 10 Kirti Chakras, 26 Shaurya Chakras.
• PM Modi holds talks with President Putin at the Kremlin in Russia
• PM Modi receives Russia’s prestigious civilian honour – the Order of St Andrew the Apostle.
• Jaishankar, Wang Yi agree to expedite resolution of border disputes to stabilize relations.
• Jaishankar and Blinken discuss regional and global issues on the sidelines of Quad foreign ministers’
  meeting in Tokyo
• Jaishankar inaugurates India’s first overseas Jan Aushadi Kendra in Mauritius./li>
• Former ambassador to China, Vikram Misri, assumes charge as Foreign Secretary.
• Jal Jeevan Mission achieves historic milestone of 15 crore rural tap water connections across country..
• Three new criminal laws come into force; no more IPC, CrPC, Evidence Act.
• Central Armed Police Forces, seven BJP-led states announce job quotas for Agniveers.
• Delhi Excise Policy Case: CBI files chargesheet against Delhi CM Arvind Kejriwal.
• IAF commemorates 25 years of Kargil victory with ‘Kargil Vijay Diwas Rajat Jayanti’.
• India successfully flight-tests Phase-II ballistic missile defence system.
• ISRO, NASA partner to send Indian ‘Gaganyaatri’ to ISS after August.
• Centre lifts ban on government employees taking part in RSS activities.
• Centre gives more powers to J&K Lt Governor on matters related to police, all-India service officers.
• Hemant Soren takes oath as 13th Chief Minister of Jharkhand.
• Telangana and Andhra Pradesh form high-level committees for post-bifurcation issues.
• Karnataka pauses private jobs quota-for-locals bill after huge backlash.
• Over 250 killed, hundreds missing after 3 landslides hit Wayanad district in four hours amid heavy rain.
• Nearly 23 lakh people affected in 28 districts as floods batter Assam.
• Puri Jagannath Temple’s Ratna Bhandar reopens after 40 years for inventory evaluation
• Prashant Kishor’s Jan Suraaj to become political party, contest Bihar Assembly polls next year.
• Bangladesh Navy signs contract for ‘Made In India’ 800 tons ocean going tug with India’s GRSE.
• National Testing Agency announces centre and city-wise results of NEET-UG.
• SC refuses to cancel NEET-UG 2024 examination & order re-test; counselling to begin on August 14.
• Donald Trump narrowly escaped an assassination attempt during a campaign rally in Butler, Pennsylvania.
• Trump and Vance formally nominated for 2024 presidential election at Republican National Convention.
• US President Biden withdraws from presidential race; endorses Kamala Harris as party’s new nominee.
• Quad members pledge to work towards free, peaceful Indo-Pacific region.
• Ursula von der Leyen re-elected to a second 5-year term as European Commission president.
• Keir Starmer becomes U.K. prime minister after his Labour Party wins huge majority in general election.
• Hamas accepts US proposal on talks to free Israeli hostages
• Venezuela’s President Nicolas Maduro won reelection to a third six-year term.
• Bangladesh, China sign 21 agreements, MoU as PM Hasina meets President Xi.
• Bangladesh top court scraps job quotas that caused deadly unrest.
• KP Sharma Oli appointed as Nepal’s Prime Minister after Prachanda loses confidence vote.
• S Korea & NATO sign agreement on mutual recognition process for military airworthiness certification.
• Presidential Elections in Sri Lanka to be held on 21st of September.
• Pakistan lets 1.45 million Afghans can stay for another year following UN refugee chief’s visit.
• PV Sindhu, Sharath Kamal lead India in parade of nations in Paris Olympics opening ceremony.
• Manu Bhaker bags bronze, becomes first Indian woman shooter to win Olympic medal.
• Manu Bhaker-Sarabjot Singh win bronze, India bag second medal.
• Abhinav Bindra awarded prestigious Olympic order by IOC; becomes first Indian to receive award.
• Gautam Gambhir appointed India men’s cricket head coach.
• India Clinch 5 match T20 Series against Zimbabwe 4-1.
• India wins the 3-match T20 International cricket series over Sri Lanka 3-0.
• Asia Cup Women’s T20 2024: Sri Lanka clinch maiden title with comprehensive win over India.
• Sanath Jayasuriya to replace Chris Silverwood as Sri Lanka coach for white-ball series against India.
• Wimbledon: Barbora Krejcikova wins her second Grand Slam; Novak Djokovic wins second straight title.
• Leander Paes and Vijay Amritraj became the first Asians to be inducted into Tennis Hall Of Fame.
• Spain beat England to be crowned Euro 2024 champions; Spain’s Rodri named Best Player of Euro 2024.
• Argentina defeat Colombia 1-0 to win record 16th Copa America.

Business News

• Finance Minister Nirmala Sitharaman tables Economic Survey 2024, presents Budget 2024-25.
• Economic Survey 2023-2024 lays a six-pronged strategy for India’s Amrit Kaal and Viksit Bharat @ 2047.
• Budget provides ₹1.48 lakh crore for education, employment, skill. fiscal deficit for FY25 reduced to 4.9%
  of GDP.
• Capital gains exemption limit hiked to ₹1.25 lakh; STCG tax rate hiked to 20%, LTCG hiked to 12.5% on
  certain assets.
• ₹15,000 crore financial support announced for Andhra to build Amaravati and boost other development
  activities.
• New tax regime slabs revised, standard deduction hiked to ₹75,000.
• Customs duties on gold, silver and platinum slashed; 15% cut in custom duty for mobile phones, PCBA,
  mobile chargers.
• Central Govt. revises the composition of NITI Aayog.
• Govt implements uniform IGST rate of 5% on all aircraft & aircraft engine parts.
• Ports, Shipping and Waterways Ministry approves ₹46.47 lakh dredged sediment reuse project.
• Union housing and urban affairs ministry extends deadline for Smart Cities Mission till March 2025.
• Govt hikes windfall tax on crude oil to ₹7,000 per tonne from ₹6,000.
• Oil marketing companies slash commercial LPG cylinder prices by ₹30.
• Adani Group’s Vizhinjam Port receives first mothership, San Fernando; puts India in world league.
• Govt sanctions roads for Assam, Tripura to improve connectivity in northeast.
• Four PSU banks pay ₹6,481 crore dividend to govt for FY23-24.
• NABARD arm launches ₹750 crore agri fund to finance startups, rural enterprises.
• SEBI proposes stricter derivatives regulations to enhance market stability.
• Market capitalisation of BSE-listed companies crosses $5.5 trillion for first time.
• Jio Financial Services gets RBI nod to become core investment company.
• IMF reaches agreement with Pakistan for $7 billion extended fund facility.
• CBI court issues NBW against Vijay Mallya in loan default case linked to Indian Overseas Bank.
• NCLT admits Byju’s to insolvency resolution process; NCLAT stays Claim Settlement to BCCI.
• Microsoft – Crowdstrike outage hits users worldwide; airlines, banks, stock exchanges affected.
• HCLTech, IBM join hands for GenAI centre to provide tailored AI solutions.
• Tata Power Renewable Energy, NHPC Renewable join hands for installation of rooftop solar projects.
• IndianOil launches high-speed car racing fuel STORM-X.
• TVS Mobility arm acquires Italy-based automotive components supplier, Roberto Nuti Group.
• Mitsubishi Motors joins Honda-Nissan alliance amidst major auto industry shift.
• Suzuki Motor unveils ₹340 crore fund to support social impact startups.
• Rapido enters unicorn club with $120 million round led by WestBridge.
• Bajaj Auto launches world’s first CNG bike, Freedom 125.
• Bounce Infinity to assemble, sell UK’s Zapp i300 electric two-wheelers in India.
• Tata Communications enhances AI Power with first batch of Nvidia AI Chips.
• Vi allots ₹615 crore of shares to Nokia, Ericsson via preferential issue.
• Google to export India-made Pixel smartphones to Europe, US; trial production begins.
• Acer ties up with Indkal Technologies to enter Indian phone market.
• OPPO and Ericsson sign agreement for global 5G patent cross-licensing, business collaborations.
• Germany to phase out Huawei, ZTE components from its 5G core network.
• Cyient sets up a new subsidiary for its semiconductor business.
• OpenAI enters Google-dominated search engine market with SearchGPT.
• Russia hikes import tariffs for consumer goods from ‘unfriendly countries’.
• China central bank cuts two key rates to support economy.
• India launches UPI in Galeries Lafayette’s flagship Paris store, targets Olympics 2024 boost.
• Meghalaya government launches its own OTT platform Hello Meghalaya.
• Paytm gets government panel nod to invest in payments arm.
• Flipkart partners with American MNC Admiral to launch its home appliances and electronics in India.
• Ola Cabs exits Google Maps, saves ₹100 crore by transitioning to Ola Maps.
• Crypto exchange WazirX offers $23 mn bounty to help recover stolen assets.
• Rising freight costs, container shortages paralyse global trade recovery.
• Aditya Birla Group launches ₹5,000 crore jewellery business brand ‘Indriya’.

Q1 Results

• TCS Q1 Profit up 8.7% YoY at ₹12,040 crore, ₹10 dividend per share announced
• HCL Tech Q1 Net profit rises 20% to ₹4,257 crore; firm declares ₹12 dividend.
• Infosys Q1 Net profit rises 7% YoY to ₹6,368 crore, revenue rises 4% to ₹39,315 crore
• Tech Mahindra Q1 Net profit jumps 23% to ₹851 crore.
• ICICI Bank Q1 Profit jumps 15% YoY to ₹11,059 crore, NII up 7% to ₹19,553 crore.
• Kotak Mahindra Bank Q1 Net profit rises 81% YoY to ₹6,250 crore, boosted by stake sale in subsidiary.
• HDFC Bank Q1 PAT rises 35% YoY to ₹16,174.75 crore; net NPA ratio jumped to 0.39% from 0.33%.
• Reliance Q1 Net profit declines 5.4% YoY to ₹15,138 crore, revenue up 12% to ₹2.58 lakh crore.
• YES Bank Q1 PAT rises 47% on-year to ₹502 crore.
• Maruti Suzuki reports 47% YoY increase in Q1 net profit at ₹3,650 crore, Revenue up 10% to ₹35,531 crore.
• Mahindra Q1 net profit rises 20% to ₹3,283 crore, revenue at ₹37,218 crore.
• SBI Card Q1 Net profit flat at ₹594 crore on higher impairment, asset quality declines.
• Dr Reddy’s Q1 Net profit drops 0.8% to ₹1,392 crore, revenue up 14%.
• PNB Q1 Net profit highest-ever at ₹3,251 crore, NII up 10.2% YoY.
• KFin Technologies Q1 profit jumps 57% to ₹68 crore, revenue rose 31% to ₹237.56 crore.
• Jio Financial Services Q1 Net profit down 5.72% at ₹313 crore.
• InterGlobe Aviation Q1 Profit falls 12% YoY to ₹2,729 crore, revenue jumps 17% to ₹19,571 crore.
• Bajaj Auto Q1 Net profit rises 18% YoY to ₹1,988 crore, revenue jumps 16% to ₹11,932 crore.
• Paytm Q1 Net loss widens to ₹839 crore; revenue falls 36% to ₹1,502 crore.
• IOC Q1 Net profit falls 75% to ₹3,723 crore on low refining margins.

General News

• Lok Sabha Results 2024: NDA secures absolute majority by winning 292 seats. BJP wins 240 seats. I.N.D.I.A
  bloc bags 233 seats
• Narendra Modi takes oath for third consecutive term as PM along With 72 ministers; 9 new faces in
  Cabinet.
• Om Birla wins first election for Lok Sabha Speaker’s post in about five decades.
• BJP chief JP Nadda replaces Piyush Goyal as Leader of House in Rajya Sabha.
• Congress Working Committee pass resolution to appoint Rahul Gandhi as the leader of opposition in Lok
  Sabha.
• Rahul Gandhi retains Rae Bareli Lok Sabha seat; Priyanka to make poll debut from Wayanad.
• General Upendra Dwivedi takes charge as the 30th Chief of Army Staff.
• PM Kisan Samman Nidhi scheme 17th instalment authorised by PM Modi on first day of assuming office.
• Amit Shah launches special programme to fast-track immigration services.
• PM Modi inaugurates 84 major developmental projects worth over ₹1,500 crore in J&K.
• PM Modi’s Principal Secretary PK Mishra, NSA Ajit Doval get 5-year extension; IB chief Tapan Kumar Deka
  gets one-year extension.
• Union Education Ministry sets up 4 committee to review grace marks given to over 1,500 candidates in
  NEET-UG exam.
• NTA Chief Subodh Kumar Singh removed from post amid allegations of irregularities in NEET exam.
• NTA announces fresh dates for UGC-NET, CSIR UGC-NET, NCET examinations.
• PM Modi, Japanese PM Kishida agree to advance infrastructure, cultural ties.
• Jaishankar meets US NSA Sullivan in New Delhi, discusses bilateral and global issues.
• Ajit Doval chairs US-India ICET meeting, sets vision for strategic technology partnership.
• Jaishankar and Sri Lanka President Wickremesinghe formally commission Maritime Rescue Coordination
  Centre.
• India, Qatar hold talks on sale of 12 used Mirage-2000 fighter jets.
• PM Modi meditates at Kanniyakumari’s Vivekananda Rock Memorial for 45 hours.
• TDP Chief Chandrababu Naidu sworn in as Andhra CM, Pawan Kalyan as deputy, Lokesh gets IT.
• Amaravati is capital of AP, Visakhapatnam will be financial capital: Naidu.
• Mohan Charan Majhi to be sworn in as Odisha’s 1st BJP Chief Minister with 2 deputy CMs.
• P.S. Tamang takes oath as Sikkim Chief Minister.
• Pema Khandu becomes Arunachal Pradesh CM for third time in a row, Chowna Mein takes charge as
  Deputy.
• Naveen Patnaik takes control of BJD as Pandian quits politics.
• BSP chief Mayawati reinstates nephew Akash Anand as successor.
• Delhi faces severe water shortage amid heat-wave over last 2 weeks.
• New criminal laws from July 1, Centre approves ₹2,254 crore to upgrade forensics.
• CBI files final chargesheet in rail job scam; Lalu son Tej Pratap, daughter Hema named for first time.
• CBI arrests Delhi Chief Minister Arvind Kejriwal in excise scam case.
• 49 foreign workers including 40 Indian nationals killed in massive fire in building in Kuwait.
• G7 agrees $50 billion loan for Ukraine from frozen Russian assets.
• US, Ukraine sign long-term security agreement on sidelines of G7 summit.
• Ukraine Peace summit: India refuses to sign statement endorsing Ukraine’s territorial integrity.
• Maldives bans Israeli passport holders as President Muizzu launches fundraising campaign for Palestine.
• Israeli military announces ‘tactical pause’ in attempt to increase flow of aid into hard-hit Gaza.
• North Korea and Russia sign mutual defense pact, strengthen military cooperation.
• Trump becomes first former US president convicted of felony crimes.
• Biden unveils plan allowing hundreds of thousands to gain US citizenship.
• Anthony Fauci testifies publicly before House panel on Covid origins, controversies.
• EU leaders pick von der Leyen for second term as Commission chief.
• Macron hosts Biden for talks on Gaza, Ukraine on fanfare-filled state visit.
• US lawmakers meet with Tibetan Parliament and Dalai Lama.
• Pakistan PM Shehbaz, Chinese President Xi agree to upgrade CPEC, discuss Kashmir.
• Indian-American Astronaut Sunita Williams makes history on Boeing’s Starliner maiden crewed mission.
• New China rules allow detention of foreigners in South China Sea.
• Putin signs deals with Vietnam in bid to shore up ties in Asia to offset Moscow’s growing isolation.
• UN declares Israel and Hamas as nations violating children’s rights in armed conflict.
• UN Security Council adopts a cease-fire resolution aimed at ending Israel-Hamas war in Gaza.
• US designates Kenya as major non-NATO ally, enhancing defence & security cooperation.
• China lunar probe returns from moon carrying first ever soil samples from it’s far side.
• Iran holds presidential vote with limited choices, month after Ebrahim Raisi’s death.
• ICC announces record prize money of $11.25 million for T20 World Cup 2024.
• World Cup comes home after 11 years; India wins T20 WC with thrilling 7 runs over SA.
• Virat Kohli, Rohit Sharma and Jadeja retire from T20Is after India’s T20 World Cup triumph.
• Virat Kohli receives ICC ODI Player of the Year 2023 award.
• Women’s ODI: India snatch 4-run win over SA, win series 2-0.
• Shefali Verma scripts history, becomes fastest double centurion in women’s Test cricket.
• Norway Chess: Praggnanandhaa stuns Caruana, enters top 10 world ranking.
• French Open 2024: Iga Swiatek retains women’s title; Carlos Alcaraz wins men’s singles title.
• Sunil Chhetri Bids Farewell To International Football.
• Euro 2024: Spain, Germany, England and Switzerland secure quarterfinal spots.

Business News

• RBI maintains status quo for 8th time in a row; repo rate unchanged at 6.5%.
• RBI projects FY25 real GDP growth at 7.2%, CPI inflation at 4.5%.
• Centre authorises release of ₹1.39 lakh crore tax devolution to states for June.
• Centre monetizes assets worth ₹3.85 lakh crore in 3 years; Coal and Roads ministry top contributors.
• Services provided by Indian Railways to the common person exempted from GST.
• GST Council waives off interest, penalty on retrospective notices for 2017-2020.
• PSUs distribute record ₹1.5 lakh crore as dividend in FY24.
• India’s CPI Inflation eases to 12-month low of 4.75% in May 2024; IIP grows 5% in April.
• Wholesale inflation rises for third straight month in May at 2.61%, food items costlier.
• India’s trade deficit widens to $23.8 billion in May, exports rise 9% YoY.
• RBI opens gates for investors, companies to invest in overseas funds.
• Cabinet approves MSP for 14 Kharif season crops, farmers to get ₹35,000 crore more over previous
  season.
• Centre imposes stock limit on wheat to curb hoarding, stabilise prices.
• Cabinet approves ₹2,869 crore for development of Varanasi airport.
• World Bank approves $1.5 billion to support India’s low-carbon transition.
• BSE completes acquisition of S&P Dow Jones Indices’ entire stake in Asia Index.
• Top 100 companies to verify market rumours promptly starting June 1.
• SEBI revamps delisting, F&O inclusion norms; restricts finfluencers.
• Stanley Lifestyles, Akme Fintrade India, DEE Development Engineers and LE Travenues Technology (IXIGO)
  debut in stock markets.
• Indian govt bonds enters JP Morgan Bond index.
• IRDAI bars insurers from advertising unit-linked policies as investment products, issues advertising rules.
• Kotak Bank gets RBI nod to sell 70% stake in general insurance arm to Zurich Insurance.
• Centre introduces new standards – IS 18590: 2024 and IS 18606: 2024 to enhance safety, performance of
  EVs.
• Tata Motors to launch multiple electric cars under Avinya brand.
• Mitsubishi Corp approved by CCI to acquire stakes in two TVS group companies.
• EU announces tariff hike on Chinese EVs amid ongoing anti-subsidy investigation.
• Punch.ev, Nexon.ev first to get 5-star rating under Bharat-NCAP in EV category.
• Tata Motors launches digital marketplace ‘Fleet Verse’ for commercial vehicles.
• Maruti Suzuki’s Swift hatchback crosses a big milestone of 3 million sales in India.
• Air India-Vistara merger gets approval; NCLT gives nod for world’s largest airline group.
• Tamil Nadu CM MK Stalin announces International airport at Hosur.
• OPEC+ extends major oil production cuts until 2025 to stabilise market.
• Commercial LPG prices reduced by ₹69.59; ATF prices down by 6.5%.
• Centre slashes windfall tax on crude oil to ₹3,250 per tonne.
• GAIL to set up India’s largest ethane cracker project at investment of ₹60,000 crore in MP.
• Pakistan inflation slows to 11.8% in May, lowest in 30 months.
• ECB lowers interest rates by 25 bps even as inflation fight continues.
• US Federal Reserve keeps interest rate unchanged for seventh straight time.
• China keeps lending rate unchanged as housing market still struggling.
• TCS Launches WisdomNext, an industry-first GenAI Aggregation Platform.
• TCS, Infosys, HCLTech, Tech Mahindra partner with Yellow.AI for automation solutions.
• Persistent System ties up with Google Cloud to expand in India, US, UK.
• Wipro partners with Siemens to transform automotive software development.
• Tata Technologies collaborates with Mitsubishi Electric India for digital transformation.
• Google launches Gemini mobile app in India, available in 9 Indian languages.
• US bans sales of Kaspersky antivirus software over Russia ties.
• Google Translate adds 110 new languages using AI in largest ever expansion.
• India, S. Korea, US, Japan, EU launch Biopharmaceutical Alliance.
• Govt allows global tenders to access 120 key, patented drugs.
• Bharat Biotech adds ICMR as co-owner of Covaxin patent.
• 5G spectrum auctions: Govt mops up around ₹11,300 crore, Bharti Airtel largest bidder.
• Jio, Airtel hike tariffs for mobile services starting July 3.
• Reliance-backed consortium faces pushback in Ghana over exclusive 5G deal.
• Vodafone Idea gets in-principle approval for ₹14,000-crore loan from SBI-led consortium.
• UltraTech Cement buys 23% stake in India Cements for ₹1,885 crore.
• Ambuja Cements board approves merger of Adani Cementation with itself.
• Vedanta demerger gets approval from majority of creditors, including SBI.
• I&B Ministry calls for self-declaration before ad release.
• Food companies can’t claim ‘100% fruit juice’: FSSAI.
• Peddapalli district to host Coca Cola’s new plant in Telangana.
• Australian Govt signs $18 million MoU with ISRO’s commercial arm.
• NCLT directs Byju’s to maintain status quo, halts $200 million rights issue.
• Sri Lanka concludes major debt restructuring agreements, clearing path for economic recovery.
• LTIMindtree appoints SN Subrahmanyan as chairman after AM Naik steps down.

General News

• Budget session gets extended by a day; session concludes as both Houses adjourned sine die.
• Lok Sabha sees 148% productivity and Rajya Sabha 137%.
• Sonia Gandhi , J P Nadda, Chavan and Deora among 41 elected unopposed as Rajya Sabha MPs.
• Govt tables White Paper highlighting economic situation in country during Congress-led UPA rule.
• 97 crore electors registered before forthcoming general elections in the country: Election Commission.
• Electoral bonds scheme unconstitutional, SBI should reveal the details of donors: SC.
• Lok Sabha polls: AAP-Congress alliance vs BJP in Delhi, Haryana, Gujarat, Goa; Punjab-Solo.
• Farooq Abdullah snubs INDIA bloc, to contest polls alone in J&K.
• SP, Congress reach final agreement on parliamentary polls.
• PM Modi lays foundation stone for new ISRO launch complex in Tamil Nadu.
• PM inaugurates 3 major space infra projects of ISRO, reveals names of Gaganyaan mission astronauts.
• ISRO successfully launches next generation weather satellite INSAT-3DS from Sriharikota.
• India sets annual defence production target of ₹3 lakh crore and exports worth ₹50,000 crore by 2028-29.
• Defence Acquisition Council approves projects worth around ₹80,000 crore.
• Cabinet Committee on Security approves ₹19,000 crore mega Navy deal for BrahMos missiles.
• Centre proposes 5-year guaranteed procurement at MSP for 5 crops – cotton, maize, tur, urad and masur.
• Quit WTO, farmers demand with tractors lined up on highways
• 9th edition of the Raisina Dialogue took place in New Delhi
• India-China hold fresh round of military talks, agree to maintain communication.
• PM Modi inaugurates 3 IIMs, IITs, 20 KVs and 13 Navodaya Vidyalayas worth ₹13,375 crore across country.
• PM Modi launches 5 new AIIMS and various developmental projects worth over ₹48,000 crore.
• Hemant Soren resigns, Champai Soren named new Jharkhand Chief Minister.
• Punjab Governor Banwarilal Purohit resigns citing ‘personal reasons’.
• AAP’s Kuldeep Kumar Assumes Charge As Chandigarh Mayor.
• Former PMs Chaudhary Charan Singh and PV Narsimha Rao and Dr. MS Swaminathan, L K Advani and former Bihar CM Karpoori Thakur to be conferred with Bharat Ratna.
• Airtel founder Sunil Mittal becomes first Indian to be knighted by Britain’s King Charles III.
• French Legion of Honour awarded to Shashi Tharoor for strengthening Indo-French ties.
• Dadasaheb Phalke Awards: Shah Rukh Khan wins Best Actor, Sandeep Reddy Vanga wins Best Director.
• Former Maharashtra CM, Shiv Sena stalwart Manohar Joshi and Veteran singer Pankaj Udhas passed away.
• Qatar releases 8 Indian Navy veterans.
• Russia use advanced hypersonic missile for first time’ in Kyiv attack.
• Alexei Navalny, Russian opposition leader and Putin critic, dies in prison.
• US and EU pile new sanctions on Russia over Ukraine war’s second anniversary, Navalny’s death.
• Germany, NATO rule out sending troops to Ukraine as Russia rebukes Macron.
• Blinken in Israel for talks on truce deal as war enters fifth month.
• Israel sets Ramadan deadline for assault on Gazan city Rafah.
• Palestinian PM Shtayyeh hands resignation to Abbas over Gaza ‘genocide’.
• US approves sale of 31 MQ-9B armed drones to India.
• Biden administration announces freeze on LNG exports for up to 15 months.
• US Senate passes $95 billion aid package for Ukraine, Israel and Taiwan.
• Shehbaz Sharif to be Pakistan PM and Asif Ali Zardari President.
• Maryam Nawaz becomes first woman CM of Pakistan’s Punjab province.
• Canada’s Intelligence agency report flags India as ‘foreign threat’.
• North Korea scraps all economic cooperation with South Korea.
• Myanmar junta enforces compulsory military service for young people.
• 5-team WPL 2024 begins, to be held till March 17.
• Rohit Sharma, Kohli, Bumrah, Jadeja in Grade A+ category under BCCI’s annual contract for 2023-24.
• Rahul Dravid to remain India coach in T20 World Cup, with Rohit Sharma as captain.
• IND vs ENG: India lead 5 match Test Series 4-1.
• Jasprit Bumrah becomes first Indian pacer to reach No. 1 in ICC Test rankings, replaces Ashwin.
• Ravichandran Ashwin gets 500th Test wicket, becomes 2nd Indian to reach landmark.
• 17th Edition of Indian Premier League to kickstart from 22nd March.
• Indian women clinch historic gold in Badminton Asia Team Championships
• India’s Sumit Nagal wins Chennai Open title, makes to top 100 ATP World Ranking.
• Khelo India Youth Games 2023: Maharashtra emerge champions, hosts Tamil Nadu finish second.
• 4th edition of Khelo India Winter Games kicks off in Gulmarg.
• Mission Olympic Cell approves Judokas and Shooter for Global Competitions.

Business News

• Cabinet approves 100% FDI in prescribed sub-sectors/activities in space sector.
• 64 applicants with committed investment of ₹6,700 crore approved under PLI Scheme for White Goods.
• Govt launches scheme to give loans up to ₹20 lakh for informal micro-enterprises (CGTMSE).
• Direct tax collection reaches 80% of revised FY24 target at ₹15.60 lakh crore.
• Wages under MGNREGA ‘inadequate’, ‘not in consonance’ rising cost of living: Parliamentary panel.
• Unemployment rate for graduates declined to 13.4% in 2023 from 17.3% in 2017.
• PM Modi launches around 2,000 railway infrastructure projects worth over ₹41,000 crore.
• Indian Railways reduce passenger train’ fare to ₹10 after bringing down the curtain on passenger trains.
• India resumes buying Russian Sokol oil after 2-month hiatus.
• Govt raises domestic natural gas prices to $8.17 per mmBtu for March.
• PM Modi announces ‘PM Surya Ghar: Muft Bijli Yojana’ to boost solar power.
• UPI, Rupay payment services launched in Abu Dhabi, Sri Lanka and Mauritius.
• Bharat Tex 2024: PM Modi inaugurates Global Textile event, promises all support to the sector.
• Karnataka Assembly passes bill slashing penalty on property tax in Bengaluru by 50%.
• Rural spending increased more than urban spending in the past 11 years: Household Consumption Expenditure Survey 2022-23.
• Centre launches sale of ‘Bharat’ Rice at an MRP of ₹29/kg in 5Kg and 10Kg packs.
• Government imposes stock limit for wheat wholesale traders to ease rising prices.
• Onion export ban to continue till Mar 31 to keep prices under check.
• Cabinet approves hike in sugarcane FRP by ₹25 to ₹340 per quintal for 2024-25 season.
• Centre hikes financial package for rubber sector by 23% to ₹708 crore.
• Governor Das keeps repo rates unchanged at 6.5%; project GDP to grow 7% in FY25; CPI inflation at 5.4%.
• RBI imposes restrictions on Paytm Payments Bank; bars from offering incremental banking services effective March 2024.
• RBI allows HDFC Bank group to buy up to 9.5% stake in ICICI Bank, 5 others.
• RBI directs Visa to halt business payment solution provider for corporate payments.
• Paytm partners with Axis Bank to settle merchant payments amid RBI crackdown against payments bank
• EY audits 51 lakh microfinance accounts of Bandhan Bank.
• SEBI uncovers $241 million accounting issue at Zee.
• RIL becomes India’s first firm to surpass ₹20 lakh crore in market capitalization.
• Shriram Finance to replace UPL in Nifty 50; Adani Wilmar, Muthoot Fin to exit Nifty Next 50 Index.
• Canara Bank board approves 1:5 stock split to improve liquidity.
• Hyundai picks JP Morgan, Citi and HSBC as advisors for mega IPO of India arm.
• CCI approves Zurich Insurance’s acquisition of 70% stake in Kotak Mahindra General Insurance.
• PB Fintech’s arm gets Irdai nod to become a composite insurance broker.
• NCLT approves Hinduja Group’s revival plan for Anil Ambani-promoted Reliance Capital.
• Adani Defence & Aerospace inaugurates South Asia’s largest ammunition & missiles complex in UP.
• Indian Air Force inks contract with Bharat Electronics for modern communication sets.
• Japan slips into recession, becomes fourth-largest economy behind US, China and now Germany.
• China central bank cuts benchmark lending rate to boost economy.
• EU takes first step to use Russia’s frozen assets for Ukraine.
• China extends lifeline to Pakistan, rolls over $2 billion debt.
• Mitsubishi secures 30% stake in TVS mobility for Indian expansion.
• TVS SCS extends contract with Rolls-Royce for parts distribution centre in Singapore till 2029.
• M&M signs supply agreement with Volkswagen Group for e-mobility push.
• VinFast breaks ground on its EV plant in Tamil Nadu 50 days after MoU signing.
• Microsoft Teams and Tata Communications join forces to boost enterprise collaboration in India..
• Google unveils Gemma, a family of AI models for open-source developers.
• Starlink Satellites Approved for Use in Israel and Gaza.
• Nokia and Dell agree partnership on private 5G, cloud networks.
• Civil Aviation Ministry asks airlines to ensure timely delivery of passengers’ luggage.
• Alliance Air gets funding of ₹11,158 crore from government.
• Dubai to have world’s first air taxi, agreements inked at World Government Summit 2024.
• IndiGo signs financing pact with BOC Aviation for 4 Airbus A320NEO aircraft.
• Uber unveils first buyback plan worth $7 billion after reporting full-year operating profit in 2023.
• Nvidia tops Meta record with $277 billion surge in value.
• Bhavish Aggarwal’s Krutrim launches an AI chatbot to take on ChatGPT, Gemini.
• LTIMindtree joins IBM Quantum Network to explore quantum computing.
• Nvidia replaces Alphabet as Wall Street’s third most valuable company.
• Reliance, Disney announce $8.5bn merger to create Indian media powerhouse.
• BYJU’S rights issue gets $300 million commitment from investors.
• Byju’s shareholders vote to oust founder Raveendran, seek board revamp; company calls EGM invalid.
• Disney, Fox, Warner Bros Discovery to create joint sports streaming platform.
• Etihad Airways becomes official sponsor of CSK.
• Amazon surpasses $8 billion in exports from India in 2023.
• Paytm forms advisory committee under former SEBI chief Damodaran.
• Vijay Shekhar Sharma resigns from Paytm Payments Bank board.
• Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger.

Q3 Results

• SBI Q3 Net profit plummets 35% to ₹9,163 crore, NII stood at ₹39,815 crore.
• Tata Motors Q3 Net profit jumps 137% to ₹7,025 crore, revenue up 25%.
• M&M Q3 Net profit jumps 60% YoY to ₹2,454 crore, revenue grew 16% to ₹25,642.4 crore.
• Ashok Leyland Q3 Standalone net profit jumps 61% YoY to ₹580 crore, revenue comes in at ₹9,273 crore.
• Hero MotoCorp Q3 PAT up 51% at ₹1,073 crore, revenue reported at ₹8,030.98 crore.
• Bharti Airtel Q3 Net profit at ₹2,876 crore, revenue rises to ₹37,900 crore.
• LIC reports 49% growth in net profit at ₹9,444 crore in Q3.
• ONGC Q3 Net profit drops 7.9% to ₹10,748 crore, revenue falls 2.2%; second interim dividend at ₹4/share.
• BHEL posts net loss of ₹163 crore for Q3, revenue rises 4.5% to ₹5,504 crore.

General News

• Parliament Winter session concludes a day early, both houses adjourn sine die.
• Lok Sabha passed a total of 18 bills, while 17 bills were passed in Rajya Sabha.
• President Droupadi Murmu gives assent to the three Criminal Code bills.
• Parliament passes Jammu and Kashmir Reservation and Reorganisation (Amendment) Bills.
• A total of 146 opposition MPs have been suspended from both houses of Parliament this winter session.
• 2 unidentified men jump from visitors’ gallery of Lok Sabha leading to commotion in House.
• Government ropes in CISF for security of Parliament complex.
• Lok Sabha expels Trinamool Congress MP Mahua Moitra from House for ‘unethical conduct’.
• Assembly elctions: BJP wins in 3 states & Congress wins Telangana.
• Zoram People’s Movement leader Lalduhoma sworn in as Mizoram Chief Minister.
• Revanth Reddy takes oath as Telangana CM, Bhatti Vikramarka his deputy.
• Bhajan Lal Sharma sworn in as Rajasthan CM; Diya Kumari, Prem Chand Bairwa as deputy CMs.
• BJP’s Vishnu Deo Sai takes oath as Chhattisgarh CM; Ujjain BJP MLA Mohan Yadav named MP CM.
• PM Modi holds talks with Kenyan President William Samoei Ruto and Sultan of Oman Haitham Bin Tarik.
• India to provide $250 million Line of Credit to Kenya for modernisation of its agri sector.
• India, Oman in talks for comprehensive economic partnership agreement.
• Ajit Doval participates in 6th NSA-level Meeting of Colombo Security Conclave in Port Louis, Mauritius.
• Jaishankar meets Russian President Vladimir Putin in Moscow.
• Jaishankar, Russian Deputy PM sign agreement on Kudankulam nuclear power project.
• PM Modi flags off Viksit Bharat Sankalp Yatra in 5 States, says focus will be on smaller cities
• PM Modi launches 37 projects worth Rs 19,000 crore during 2-day Varanasi visit.
• Amit Shah inaugurates and lays foundation stone of projects worth over ₹3,500 crore in Chandigarh.
• PM Modi to inaugurate 2nd Edition of Kashi Tamil Sangamam 2023 at Namo Ghat in Varanasi.
• Mamata, Kejriwal propose Kharge name as INDIA bloc’s PM face.
• Priyanka Gandhi relieved as UP General Secretary, Pilot gets Chhattisgarh.
• BSP chief Mayawati names nephew Akash Anand as her successor.
• Nitish Kumar takes over as JD(U) chief after Lalan Singh quits top party post.
• India approves procurement of 97 Tejas jets, 156 Prachand choppers in major defence deal.
• Defence ministry signs over ₹5,300 crore deal with Bharat Electronics Ltd.
• Stealth guided missile destroyer Imphal commissioned into Navy.
• Tanker ship off India coast hit by attack drone ‘fired from Iran’.
• ISRO moves Chandrayaan orbiter from Moon to Earth, eyes earth observation mission.
• French President Macron to grace Republic Day event in Delhi as chief guest.
• SC upholds Centre’s decision to abrogate Article 370 in J&K, calls for polls by September next year.
• ‘Varanasi court postpones to January 3 opening of ASI survey report on Gyanvapi complex.
• 8 Indian ex-Navy personnel get relief as Qatar reduces death sentence.
• ₹353 crore recovered from premises linked to Congress MP Dhiraj Sahu.
• 4 soldiers killed, 3 injured as terrorists ambush Indian Army vehicle in J&K.
• Cyclone Michaung makes landfall near Bapatla on Andhra coast after causing rain mayhem in Tamil Nadu.
• Centre extends ₹450 crore SDF fund to Tamil Nadu, sanctions ₹561 crore flood mitigation project.
• Michaung damages crops in over 6 lakh acres in Andhra; Centre announces ₹493 crore to the state.
• Heavy rains drown parts of southern Tamil Nadu leaving people in peril.
• Srivaikuntam receives 479 mm, the highest rainfall ever recorded in the plains of Tamil Nadu.
• National Medical Council changes logo, includes Ayurveda god Dhavantri
• Gujarat’s Garba dance enters UNESCO’s list of ‘intangible cultural heritage’.
• WHO urges nations to maintain strict surveillance and sequence sharing amid increasing Covid cases.
• COP28 Presidency unveils COP28 UAE Declaration on Climate, Relief, Recovery, and Peace.
• Heavy fighting across Gaza halts most aid delivery, leaves civilians with few places to seek safety.
• Biden administration approves emergency sale of nearly 14,000 rounds of tank ammunition to Israel.
• Israel parliament passes new wartime budget.
• UN approves resolution on aid to Gaza without call for suspension of hostilities.
• Putin orders Russian military to add 170,000 troops for a total of about 1.32 million.
• Vladimir Putin declares candidacy for country’s Presidential election scheduled for March.
• House approves impeachment inquiry into President Biden as Republicans rally behind investigation.
• US announces 10-nation coalition to combat Houthi attacks in Red Sea.
• Putin and Saudi Crown Prince Salman discuss further OPEC+ cooperation in whirlwind visit.
• Iraqis vote in first provincial elections in a decade.
• China, Vietnam sign 37 agreements as Xi visits for first time in 6 years.
• Malaysia bans Israeli-flagged ships from using its ports in response to Gaza war.
• China vows to keep up military pressure against the Philippines as territorial disputes grow tenser.
• South Korea launches its first spy satellite; tests solid-fuel rocket amid space race with North Korea.
• North Korea launches long-range ballistic missile toward waters between Korean Peninsula and Japan.
• China formally accords diplomatic recognition to Taliban govt in Afghanistan.
• Italy’s Giorgia Meloni’s bids adieu to China’s BRI initiative, dismisses economic impact.
• Turkey parliament committee approves Sweden’s NATO bid.
• 26 players incl chess player Vaishali & Shami up for Arjuna Award; Satwiksairaj, Chirag win Khel Ratna.
• Brij Bhushan Singh aide Sanjay Singh elected new President of WFI; Sakshi Malik quits wrestling.
• Sports Ministry suspends newly-elected WFI; IOA forms ad-hoc committee to oversee operations.
• New logo of ICC T20 World Cup revealed ahead of 2024 edition in West Indies, USA.
• MS Dhoni’s iconic number 7 jersey retired by BCCI, 2nd Indian after Sachin to be given this honour.
• India vs South Africa: T20 series tied at 1 – 1, India wins ODI series 2 – 1.
• Virat Kohli surpasses Rohit Sharma to take No. 1 spot in elite WTC list of Indian batters.
• Kohli makes 2,000 international runs in a year for 7th time, breaks Sangakkara’s record.
• India thrash England by 347 runs to register biggest win in women’s Test history.
• IPL Auction 2024: 10 teams splurge ₹230 crore on 72 players, Mitchell Starc hits ₹24.75 crore jackpot.
• WPL 2024 Auction: Annabel Sutherland and Kashvee Gautam go for highest bid of 2 crores.
• Leander Paes, Vijay Amritraj become first Asian men to be inducted in International Tennis Hall of Fame.
• Vaishali becomes India’s third female chess grandmaster, makes history with brother Praggnanandhaa.
• Candidates 2024: Gukesh D secures spot at prestigious event, becomes third Indian in 8-man field.
• Lionel Messi named Time’s Athlete of the Year for 2023.
• Olympic chiefs give green light for participation of Russian, Belarusian athletes as neutrals

Business News

• Presidential assent for Telecommunications, Post Office Bills.
• Parliament nod for an additional spending of ₹58,378 crore in FY24.
• PM Modi unveils Surat Diamond Bourse and Surat Airport’s international terminal.
• PM Modi inaugurates revamped Ayodhya Dham junction railway station and international airport.
• First Air India Express flight takes off from Ayodhya for Delhi.
• Deepfake concerns: Centre issues advisory to social media platforms to comply with IT rules.
• India to allot satellite internet airwaves without auction.
• National Financial Reporting Authority finds deficiencies in audit quality inspection of Big four firms.
• India extends duty-free import of tur, urad dal until March 2025.
• Maharashtra cabinet approves Casino restriction bill.
• Karnataka CM Siddaramaiah announces waiver of interest on crop loans at coop banks.
• Karnataka IT sector to come under the labour department’s ambit.
• World Bank approves $300 million program to boost urban water and sewerage systems in Tamil Nadu.
• Govt grants LIC one-time exemption from 25% public shareholding rule.
• RBI keeps repo rate unchanged at 6.5% for fifth time in row.
• UPI transaction limit for hospitals, educational institutions payments raised to ₹5 lakh.
• Bandhan Bank board OKs transfer of ₹776 crore worth NPAs to ARC.
• IndusInd Bank launches ‘eSvarna’, India’s first corporate credit card on RuPay network.
• RBI permits ICICI Pru Mutual Fund to acquire 9.95% stake in Federal Bank, RBL Bank.
• Razorpay, Cashfree receive final RBI nod to operate as payment aggregators.
• SEBI extends Dec 31 deadline for mutual fund and demat account nomination to to June 30, 2024.
• Flair Writing Industries, Inox India , Motisons Jewellers, Muthoot Microfin , Happy Forgings, Credo Brands, RBZ Jewellers, Azad Engineering list on exchanges.
• Kerala gives nod to Beypore-Kochi-Dubai cruise.
• NCLT admits Sahara group subsidiary into insolvency.
• HAL opens new design and test facility for the development of strategic engines.
• Air India’s 1st wide-body A350-900 aircraft lands in Delhi.
• Bengaluru’s Kempegowda Airport Terminal 2 named among ‘World’s Most Stunning Airports’.
• Tata Harrier and Safari duo receive 5-star rating in Bharat NCAP crash tests.
• JSW forms JV with SAIC Motor; picks 35% stake in MG Motor India.
• Suzuki Motor Gujarat crosses 30 lakh cumulative sales mark.
• Ford Motor Co. halts Tamil Nadu plant sale to JSW Group.
• Royal Enfield forays into pre-owned bike business with Reown.
• BPCL, Tata Motors subsidiary signs MoU to set up 7000 EV charging points by 2024.
• Ola Electric first e-scooter company to get PLI nod.
• Chinese carmaker BYD overtakes Tesla as world’s most popular EV maker.
• Anti-collision system Kavach deployed on 1465 Route km, 139 locomotives.
• Arunachal govt inks pact for ₹13,000 crore hydropower project in Lohit basin.
• HCL Tech bags 5-year contract from Sweden’s Husqvarna Group for digital transformation.
• China successfully launches test satellite for internet technologies.
• Microsoft-OpenAI partnership comes under US and UK antitrust scrutiny.
• Intel to get $3.2 billion government grant for new $25 billion Israel chip plant.
• Reliance Jio and IIT-Bombay set to build India’s ‘BharatGPT’ AI.
• EU countries, lawmakers reach deal on rules for ChatGPT, other systems.
• Biocon Biologics completes integration of Viatris’ biosimilar business in 120 countries.
• Lupin to acquire established products in Europe, Canada from Sanofi for ₹91 crore.
• Tata Coffee to merge with Tata Consumer Products Ltd.
• UltraTech Cement to buy Kesoram’s cement business in $645 million deal.
• HUDCO executes MoU with Gujarat govt for an investment of ₹14,500 crore.
• West Bengal passes Bill to impose 28% GST on online gaming, horse racing, casinos.
• Google Maps introduces landmark-based Address Descriptors in India.
• RIL pays ₹254 crore to Metro for using its brand name in India.
• Byju’s Finally Approves FY22 Results, Briefs Shareholders about future plans.
• Mahindra’s Anish Shah takes over as FICCI President.
• Kotak Mahindra Bank shareholders approve Vaswani’s appointment as MD & CEO.
• Hikal shareholders vote against continuation of Baba Kalyani as director.