Category Archives: Economy Snapshot

General News

• Monsoon session: Both Houses of Parliament face continuous disruptions over Manipur issue.
• Jagdeep Dhankhar reconstitutes Rajya Sabha panel of vice-chairpersons; half of them women.
• Jaishankar, Derek O’Brien among 11 elected to Rajya Sabha from 3 states.
• Lok Sabha Speaker accepts the no-confidence motion moved by the opposition against the Modi govt.
• PM Modi, President Macron participate in Bastille Day celebrations in Paris;
• PM conferred with France’s highest award ‘Grand Cross of Legion of Honour’.
• PM Modi arrives in UAE for bilateral talks; Energy, defence and food security part of agenda.
• PM Modi holds talks with Sri Lankan President Ranil Wickremesinghe.
• PM Modi chairs 23rd SCO Summit virtually; China’s Jinping, Russia’s Putin, Pakistan’s Shehbaz Sharif joins.
• Ajit Doval meets Chinese diplomat Wang Yi, highlights need to restore peace in border areas.
• EAM S Jaishankar meets Myanmar counterpart; discusses India-Myanmar-Thailand trilateral highway.
• Congress appoints Kanhaiya Kumar as AICC in-charge of National Students’ Union of India.
• 28 opposition parties meet in Bengaluru for 2-day unity meeting to discuss strategies ahead of 2024 polls.
• UPA renamed as Indian National Democratic Inclusive Alliance(INDIA) ahead of the 2024 Lok Sabha polls.
• 39 NDA allies vow to contest 2024 LS polls under Modi’s leadership in resolution.
• Electoral bonds 2023: Sale of 27th tranche begins; SBI authorised bank to issue electoral bonds.
• ECI approves Edappadi K Palaniswami as general secretary of AIADMK.
• Chirag Paswan joins NDA after meeting with JP Nadda and Amit Shah.
• Rajnath Singh inaugurates HAL’s regional office in Kuala Lumpur.
• Ajit Pawar swears in as second Deputy CM of Maharashtra; stakes claim to NCP and party symbol.
• Naveen Patnaik beats Jyoti Basu as 2nd longest-serving CM after Pawan Chamling.
• Karnataka CM Siddaramaiah presents ₹3.27 lakh crore budget; announces new education policy.
• Congress government in Chhattisgarh survives no-trust motion moved by BJP.
• Bengal panchayat poll: TMC bags 34,560 gram panchayat seats, BJP wins 9,621 seats.
• Chandrayaan-3: India’s historic Moon mission lifts off successfully, expected to land on 23 August 2023.
• ISRO successfully launches 7 Singaporean satellites on board PSLV-C56 rocket from Sriharikota.
• Centre eases covid norms, drops random RT-PCR tests for international passengers.
• Monsoon covers entire country six days early: IMD.
• Water level in Yamuna River in Delhi rises due to heavy rainfall in northern part of India.
• MoD, FSSAI sign MoU to promote use of millets, healthy eating practices among armed forces personnel.
• Supreme Court extends Enforcement Directorate chief’s tenure.
• CBI takes over probe, files FIR in Manipur video case.
• Rahul Gandhi moves Supreme Court against Gujarat HC order in ‘Modi surname remark’ case.
• Land for jobs scam: CBI files fresh charge sheet against Lalu, Rabri; names Tejashwi for first time.
• Allahabad High Court extends stay on ASI survey till August 3.
• India’s first ‘Tele-MANAS’ chat-bot to ensure 24X7 services launched in J&K.
• First-ever IIT campus outside India to be set up at Zanzibar in Tanzania.
• Oommen Chandy, former Kerala chief minister and Congress veteran, passes away at 79.
• Russia halts wartime deal that allows Ukraine to ship grain.
• NATO chief says no timetable set for Ukraine’s membership; Volodymyr Zelenskyy calls it ‘absurd’.
• US flies nuclear-capable bombers in a fresh show of force against North Korea.
• US rejoins UNESCO, reversing Trump withdrawal.
• British Parliament passes controversial illegal migration bill, UN says it is against international law.
• Bulgaria agrees to send heavy military equipment to Ukraine for the first time since the invasion.
• French President Macron holds discussions with Wickremesinghe during historic Sri Lanka visit.
• Israel launches biggest military operation in West Bank in 20 years.
• Ex-Lankan President Sirisena pays Rs 15 million in compensation to victims of 2019 Easter bombings.
• Pakistan’s major ruling coalition partners agree to dissolve National Assembly.
• Egypt, Turkey upgrade diplomatic relations by announcing new ambassadors after a decade.
• Record heatwaves sweep the world from US to Japan via Europe.
• South Korean President Yoon Suk Yeol pledges $150 million aid to Ukraine after talks with Zelenskiy.
• North Korean leader Kim Jong Un met with Russian Defence Minister Sergei Shoigu.
• China sends warships and fighter jets near Taiwan during Yellen’s Beijing visit.
• WFI ad-hoc panel hands direct Asian Games entries to Bajrang Punia, Vinesh Phogat.
• Satwiksairaj Rankireddy & Chirag Shetty win Korea Open 2023 men’s doubles title.
• Canada Open 2023: Lakshya Sen beats Lo Shi Feng in the final to clinch the title.
• Dipika Pallikal-Harinderpal Sandhu triumph at Asian Mixed Doubles Squash Championship.
• Lausanne Diamond League 2023: Neeraj Chopra wins javelin event with 87.66m throw.
• India clinch eighth Asian Kabaddi Championship title with thrilling victory over Iran in final.
• India lifts SAFF Football Championships trophy for ninth time
• Satwiksairaj Rankireddy ‘smashes’ Guinness world record with fastest badminton hits.
• ICC announces equal prize money for men’s and women’s teams at ICC events.
• IND vs WI: India win Test series 1-0, ODI series levelled at 1-1.
• IND W vs BAN W T20I: India wins the series 2-1.
• England vs Australi, Ashes: Series tied at 2-2.
• BCCI appoints Ajit Agarkar as chairman of senior men’s selection committee.
• Australia’s Victoria pulls out of hosting 2026 Commonwealth Games.
• Wimbledon 2023: Carlos Alcaraz beats Djokovic to win maiden Wimbledon and second Grand Slam title.
• Czech’s Marketa Vondrousova becomes first unseeded women’s Wimbledon champion.

Business News

• Centre approves draft notification to mandate installation of air-conditioning in truck cabins.
• Cabinet approves amendments to Mines and Minerals Act, allows mining of lithium and other minerals.
• Rajasthan government tables country’s first gig workers bill.
• Centre increases windfall tax on crude oil to ₹1,600 per tonne from zero, effective from July 15.
• Bharat Dal brand: Piyush Goyal launches sale of subsidised chana dal at ₹60 per kg.
• Govt brings down subsidised rate of tomato to ₹80/kg from ₹90/kg.
• 50th GST council meeting: Council okays 28% tax on online gaming, casinos and horse racing
• Council reduces tax on food served in theatres to 5%; MUVs to attract 22% compensation cess.
• India and Tanzania start trade settlements in local currencies.
• RBI, CBUAE sign pacts to promote use of rupee, UAE dirham for cross-border transactions.
• India and Sri Lanka sign network-to-network agreements for the UPI acceptance.
• RBI asks banks to provide options for customers to select card networks.
• GIFT Nifty replaces SGX Nifty; LTIMindtree replaces HDFC in Nifty 50.
• BSE board approves share buyback up to ₹374.80 crore at ₹816 per share via tender offer.
• Piramal Enterprises announces first-ever share buyback worth ₹1,750 crore.
• HMA Agro Industries, ideaForge Technology, Cyient DLM, Senco Gold make their market debuts.
• Reliance demerger: Jio Financial shares valued at ₹261.85 apiece.
• HDFC Ergo becomes subsidiary of HDFC Ltd, sells 36,42,290 equity shares.
• Jio Financial Services partners with BlackRock to launch asset management firm.
• US Fed hikes benchmark lending rate to highest level since 2001 to tackle above-target inflation.
• ECB raises rates to 23-year high; keeps options open for September.
• UK Inflation dips below expectations, reaches 15-month low of 7.9%.
• Saudi Arabia invests $10 billion to build Pakistan’s largest oil refinery in Gwadar .
• Gautam Adani meets Bangladesh PM Hasina, commissions India’s first transnational power project.
• Defence ministry signs contract with HAL for Dornier Aircraft worth ₹458 crore.
• TCS bags multi-year deal from the BBC to transform its finance and payroll functions.
• RIL joins hands with Brookfield Infrastructure and Digital Realty to develop data centres in India.
• Tata Sons announces global battery cell gigafactory in the UK.
• Nissan to invest up to 600 million euro in Renault EV unit as part of new pact.
• Tesla rolls out its first electric pickup, the Cybertruck.
• AirAsia India gets approval to operate flights under Air India Express brand.
• Newest airline FLY91 gets routes under UDAN scheme.
• Go First gets green light from DGCA to resume operations, but with riders.
• SpiceJet repays entire ₹100 crore loan to City Union Bank, settles obligations with Nordic Aviation Capital.
• Tata group set to finalise deal to acquire Wistron factory, become first Indian iPhone maker.
• Meta officially launches Twitter rival Threads, more than 30 million users signed up.
• Foxconn withdraws from India’s semiconductor joint venture with Vedanta.
• Microsoft and Meta expand their AI partnership with Llama 2 on Azure and Windows.
• China Unveils Its Own Open-Source Operating System for Computers to Rival Windows, MacOS.
• Wipro launches ai360; to invest US$1 billion in AI.
• Amazon, Google, Meta, Microsoft and other tech firms agree to AI safeguards set by the White House.
• Maharashtra govt accords final nod for Adani Properties’ Dharavi redevelopment project.
• ITC board gives in-principle approval to demerge hotels business.
• OYO enters premium resorts, hotels category, launches Palette brand.
• Elon Musk rebrands Twitter to ‘X’ in brand overhaul.
• BYJU’S holds EGM, proposes formation of board advisory committee to provide CEO strategic guidance.
• PhonePe sets foot in Point-of-sale device market to raise heat on rival Paytm.
• Walmart buys out $1.4 billion Tiger Global stake in India’s Flipkart.
• Hollywood witnesses first big shutdown in 63 years, actors and writers go on strike.

Q1 Results

• TCS Q1 Net profit rises 16% to ₹11,074 crore, declares dividend of ₹9/share.
• Infosys Q1 PAT rises 11% YoY to ₹5,945 crore, revenue up by 10% to ₹37,933 crore; cuts revenue guidance.
• HCL’s Q1 net profit rises by 7% to ₹3,534 crore, revenue at ₹26,296 crore.
• Tech Mahindra Q1 Net profit down 39% YoY to ₹704 crore, revenue grows 3.5% to ₹13,159 crore.
• Wipro Q1 PAT rises 12% YoY at ₹2,870 crore; firm pegs Q2 revenue guidance at -2% to +1%.
• HDFC Bank Q1 net profit jumps 29% YoY to ₹12,370 crore, NII Jumps 21%.
• Kotak Mahindra Bank Q1 PAT jumps 67% at ₹3,452 crore, NII rises 33% to ₹6,234 crore.
• YES Bank Q1 Profit rises 10% YoY to ₹343 crore; NII up 8% at ₹1,999.6 crore.
• Axis Bank Q1 PAT jumps 40% YoY to ₹5,797 crore; NII rises 27% to ₹11,959 crore.
• Punjab National Bank Q1 net profit jumps four-fold to ₹1,255 crore, NII increased to ₹25,145 crore.
• Federal Bank Q1 Net profit rises 42% YoY to ₹854 crore; NII up 20%.
• IndusInd Bank Q1 PAT rises 33% YoY to ₹2,124 crore, income increased by 28% YoY to ₹12,939 crore.
• Ashok Leyland Q1 net profit soars 747% to ₹576 crore, revenue grew 13.39% to ₹8,151.96 crore.
• Bajaj Auto Q1 Net profit rises 42% to ₹1,665 crore; revenue up 29%.
• Tata Motors Q1 Net profit comes at ₹3,203 crore on JLR boost; revenue jumps 42% at ₹1,02,236 crore.
• L&T Q1 Net spikes 47% to ₹2,493 crore; gets board nod for ₹10,000-crore share buyback at 17% premium.
• HUL Q1 Net profit up 7.9% at ₹2,472 crore, revenue up 6.4% YoY at ₹15,333 crore.
• UltraTech Cement Q1 Net profit rises 7% to ₹1,690 crore, revenue grew 17% YoY at ₹17,737.1 crore .

General News

• PM Modi embarks on a three-day state visit to the US; both countries sign many vital agreements.
• PM Modi, Egyptian President El-Sisi sign deal to elevate bilateral relationship to a “Strategic Partnership“.
• NSA Ajit Doval holds talks with US NSA Jake Sullivan on bilateral, regional & international issues.
• Eastern Ladakh border row: India, China hold in-person diplomatic talks.
• India, Nepal agree to tackle boundary dispute amicably; ink raft of pacts to broad-base ties.
• India, Bangladesh agree to initiate 5 joint development projects for border population.
• Jaishankar, Brazilian counterpart hold talks on advancing cooperation in BRICS, IBSA, G20 blocs.
• PM Modi writes to G20 members, proposes full membership for African Union.
• US Defence Secretary Austin arrives in India, holds talks with Rajnath Singh.
• PM Modi and Saudi Crown Prince discuss ways to bolster relations in connectivity, energy & defence.
• President Murmu holds talks with Suriname President; 3 MoUs signed in Agriculture and Health sectors.
• NITI Aayog, UN sign GoI-UN Sustainable Development Cooperation Framework 2023-27.
• Guinness world record created at PM Modi’s Yoga event in US for most nationalities.
• PM Modi flags off 5 Vande Bharat trains in poll-bound Madhya Pradesh.
• Agriculture ministry launches PM Kisan Mobile App with face recognition.
• PM Modi distributes about 70,000 appointment letters to newly inducted recruits under Rozgar mela.
• Centre announces 3 schemes worth over ₹8,000 crore for disaster management in country.
• Centre reviews health preparedness in 7 states as heatwave death toll up.
• India signs global Artemis accord with US, to share data resources over Moon mission.
• Govt clears deal, India to buy US Predator drones that target enemy with pinpoint accuracy.
• Defence Ministry signs ₹500 crore contract to strengthen Indian Army’s communication system.
• Navy carries out successful test of Made in India heavyweight Torpedo to destroy underwater target.
• Union Minister Jitendra Singh launches mRNA-based Covid Booster Vaccine – GEMCOVAC-OM.
• Fresh violence erupts in Manipur; Rahul Gandhi visits relief camps.
• Telangana CM KCR inaugurates Asia’s largest govt-funded housing complex at Kollur.
• NCP’s Sharad Pawar appoints Praful Patel, Supriya Sule as new working presidents.
• Congress appoints TS Singh Deo as Chhattisgarh’s Deputy CM ahead of polls.
• Tamil Nadu minister Senthil Balaji arrested after ED raids.
• Odisha’s triple train crash: 291 dead, over 900 injured in India’s worst train accident in over two decades.
• At 13 days and 3 hours, Biparjoy longest duration cyclone since 1977 makes landfall in coastal Gujarat.
• Chhattisgarh IPS officer Ravi Sinha appointed new chief of Research and Analysis Wing.
• Protesting wrestlers meet Amit Shah, Anurag Thakur, demand Brij Bhushan’s arrest.
• BIS makes license mandatory for 24 footwear products; orders quality control on firemen’s boots, jackets.
• Nehru Memorial Museum and Library renamed Prime Ministers’ Museum and Library Society.
• Yoga event in Surat with over 1 lakh participants sets Guinness World Record.
• Opposition meet in Patna: 15 parties agree to contest 2024 elections together.
• Centre gives nod to National Research Foundation Bill, 2023.
• CAG to probe ‘irregularities’ in Delhi CM house revamp.
• Antony Blinken meets Chinese President Xi Jinping in bid to ease soaring US-China tensions.
• Ukraine, India discuss implementation of Zelenskyy-PM Modi’s agreements.
• Pentagon announces $2 billion Ukraine air defence package.
• Belarus starts receiving tactical nuclear weapons from Russia.
• African leaders meet with Russian, Ukrainian leaders to broker peace between Kyiv and Moscow.
• Russia’s private militia Wagner turns rebel, later agree to Belarus mediated deal to defuse tensions.
• EU approves 11th sanctions package against Russia over Ukraine.
• Former Vice President Mike Pence files paperwork launching 2024 Presidential bid.
• Donald Trump surrenders in court, released, pleads not guilty in secret documents case.
• UAE President Mohammed bin Zayed Al Nahyan meets with Putin, calls for dialogue to end Ukraine war.
• Boris Johnson quits as MP after being told he will be sanctioned for misleading Parliament.
• Iran unveils ‘hypersonic missile’, claims it can beat air defenses.
• Canada launches open work-permit stream for 10,000 American H-1B Visa holders.
• China inks deal with Pakistan to set up a nuclear power plant in Punjab province.
• Former Pakistan leaders Nawaz Sharif, Asif Zardari meet in UAE over election, seat sharing.
• Erdogan sworn in as President of Turkiye for third time.
• United Nations adopt first-ever treaty to protect marine life in high seas.
• China, Pakistan, Iran discuss regional security challenges, Taliban at counter-terrorism meet.
• Sri Lanka’s Cabinet of Ministers gives its approval for Sri Lanka’s domestic debt restructuring program.
• 2023 ODI World Cup: Tournament to begin on Oct 5, India to start campaign on Oct 8 against Australia.
• WTC final 2023: Australia crushes India by 209 runs to win World Test Championship title.
• Australia beat England by two wickets to win first Ashes Test.
• Satwiksairaj Rankireddy-Chirag Shetty win Indonesia Open Men’s Doubles title.
• Novak Djokovic wins French Open to claim men’s singles record 23rd Grand Slam title.
• WFI’s special general meeting notice issued, election & results on July 6.
• Bhavani Devi bags bronze, becomes first Indian fencer to win medal in Asian Championships.

Business News

• Centre releases ₹1.18 lakh crore as third instalment of tax devolution to states in June.
• GST collection rises 12% to ₹1.57 lakh crore in May.
• India’s GDP Grows 6.1% in January-March Quarter, 7.2% in FY23.
• Govt eases policy related to export of certain types of drones, UAVs.
• Centre approves ₹56,415 crores to 16 States for Capital Investment in current financial year.
• RBI leaves repo rate on hold at 6.5%; flags monsoon uncertainties and impact of El Nino.
• MPC opts for hawkish pause, focused on 4% inflation target; retains FY24 GDP growth forecast at 6.5%.
• World Bank approves $255.5 million loan for Indian technical education.
• US, India agree to terminate six of the seven disputes at World Trade Organization.
• Cabinet okays ₹1 lakh crore to create grain storage capacity in cooperative sector.
• Govt caps tur and urad dal stock to curb hoarding, rising prices.
• Govt directs FCI to conduct e-auctions of wheat and rice to check inflationary trends in retail prices.
• Nitin Gadkari lays foundation stone of 10 National Highway projects worth more than ₹8,415 crores in UP.
• Sarbananda Sonowal flags off India’s First International Cruise, From Chennai To Sri Lanka – MV Empress.
• Cabinet approves ₹2,980 crore for Exploration of Coal and Lignite scheme.
• NLC India forms arm to undertake green energy projects.
• National drug pricing body fixes ceiling prices of 51 drugs and 2 formulations.
• World Bank approves $1.5 billion financing for India’s low carbon energy sector.
• Indian stock indices touch fresh all-time highs; Sensex breaches record 64,000-mark, Nifty scales 19,000.
• Wipro extends closing date of ₹12,000 crore buyback to June 30.
• Amrutanjan Health Care board approves buyback plan at ₹900 per share.
• SEBI bans Zee promoters Subhash Chandra, Punit Goenka from holding directorial, key managerial roles.
• SEBI bars IIFL Securities from taking new clients for 2 years.
• ICICI Bank board approves delisting of equity shares of ICICI Securities.
• SBI presents dividend cheque of ₹5,740 crore to Finance Minister.
• HDFC to merge into HDFC Bank effective July 1.
• UK’s Abrdn exits India’s HDFC AMC in $432 million stake sale.
• Equitas Holdings surrenders NBFC license to RBI.
• LIC Mutual Fund to acquire all schemes of IDBI Mutual Fund.
• Bajaj Finserv forays into mutual fund business.
• India and US identify around 25 areas of technology for partnership.
• TCS inks $1.1 billion deal with UK pension scheme Nest.
• Infosys signs $454 million deal with Danske Bank to boost digital transformation.
• Microsoft joins Indian govt to train 6K students, 200 educators in cybersecurity skills.
• Bill Gates meets with Chinese President Xi Jinping in Beijing.
• Cabinet approves $2.7 billion Micron’s chip plant; unit expected to create 5,000 jobs.
• Cabinet approves revival package of ₹89,047 crore for BSNL.
• Govt charts new rules for Oppo, Realme, and other Chinese mobile companies.
• TVS Motor fully acquires Swiss E-Mobility Group after buying residual stake.
• Stellantis, Foxconn form 50-50 JV on semiconductors for auto industry.
• ISRO partners with Tata Elxsi to strengthen capabilities for Gaganyaan Mission.
• Centre asks airlines to devise mechanism for reasonable pricing of air tickets.
• IndiGo makes historic $50 billion aircraft order, securing 500 Airbus A320 family planes.
• Air India places firm order for 470 planes from Airbus, Boeing at Paris Airshow.
• Akasa Air orders four Boeing B737 MAX planes at Paris Air Show.
• Go First creditors approve ₹425 crore interim fund to revive airline, await board nod.
• General Motor to join Tesla’s EV charging network in US.
• Tata to build India’s 1st lithium-ion cell manufacturing gigafactory in Gujarat.
• Aether Industries signs licensing agreement with Saudi Aramco Technologies.
• Tesla will be in India as soon as humanly possible: Elon Musk after meet with PM Modi.
• Saudi Arabia announces to cut oil production by 1 million barrels per day in July.
• Shell Petroleum decides to sell its shares, exit Pakistani market.
• GE Aerospace signs pact with HAL to manufacture fighter jet engines for IAF.
• Thyssenkrupp, India’s Mazagon Dock Shipbuilders sign submarine MoU.
• Yamuna Expressway Authority launches data centre scheme, eyes ₹220 crore revenue.
• Supreme Court revives ban on Uber, Rapido bike taxis in New Delhi.
• India bans 14 fixed-dose medicines for likely posing risks to health.
• President Biden signs debt limit bill, avoiding U.S. default.
• Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year.
• IMF reaches staff-level agreement with Pakistan on $3 billion ‘stand-by arrangement’.
• World Bank approves $1.5 billion loan for Ukraine’s economic recovery.
• Pakistan govt hikes federal budget for next fiscal year.
• New Zealand’s economy dips into recession as higher interest rates bite.
• UK net debt passes 100% of GDP for first time since 1961.
• World Bank to provide $500 million budget support to Sri Lanka.
• BBC acknowledges it paid lower taxes in India.
• Jio Cinema wins digital rights for India’s tour of West Indies 2023.
• Lulu Group set to invest ₹10,000 crore in India; ₹3,500 crore in Telangana over next 5 years.
• Byju’s lenders scrap talks to restructure $1.2 billion loan.
• Deloitte resigns as statutory auditor of Byju’s and Aakash Educational.
• CCL acquires six coffee brands from Lofbergs Group.
• Indian American Ajay Banga takes over as World Bank President.
• IndiGo CEO Pieter Elbers elected as next chief of IATA’s board of governors.
• SBI MD Swaminathan Janakiraman appointed as RBI’s deputy governor.
• Eddie Wu to succeed Daniel Zhang as Amazon CEO, Joe Tsai named group’s chairman.

General News

• PM Modi dedicates new Parliament building to the nation, ‘Sengol’ placed in Lok Sabha chamber.
• PM releases special stamp, ₹75 coin to mark inauguration of new Parliament building.
• PM Modi attends 2023 Quad Leaders’ Summit in Sydney.
• Quad leaders express deep concern over Ukraine war; mourn its terrible humanitarian consequences.
• G7 Nations urge China to press Russia to end war in Ukraine, respect Taiwan’s status, fair trade rules.
• PM Modi embarks on a six-day visit to Japan, Papua New Guinea, and Australia.
• Rajnath Singh hands over fast patrol vessel landing craft assault ship to Maldives.
• EU Indo-Pacific Ministerial Forum: Jaishankar discusses Indo-Pacific, Ukraine war with his counterparts.
• President Murmu confers 37 Gallantry Awards during Defence Investiture ceremony.
• President Droupadi Murmu inaugurates the country’s largest High Court building in Ranchi .
• PM Modi distributes about 71,000 appointment letters to newly inducted recruits under Rozgar Mela.
• All states to celebrate statehood days of other states also in order to promote Ek Bharat Shreshtha Bharat.
• Arjun Ram Meghwal appointed as Law & Justice Minister; Kiren Rijiju assigned Ministry of Earth Sciences.
• Siddaramaiah sworn in as Chief Minister of Karnataka for second term; D K Shivakumar as Deputy CM.
• Karnataka portfolios: Siddaramaiah keeps Finance, Shivakumar gets Irrigation, Bengaluru development.
• Kerala Governor signs ordinance for stringent punishment for offences against those in health services.
• Thangam Thennarasu replaces Palanivel Thiaga Rajan as Tamil Nadu Finance Minister.
• Sachin Pilot holds Jan Sangharsh Yatra against graft and paper leaks in Rajasthan.
• Ethnic clash erupts in Manipur; Centre takes charge by invoking Article 355.
• People’s Democratic Front merges with Meghalaya’s ruling National People’s Party.
• Nitish Kumar meets Kejriwal, Sharad Pawar; discuss strengthening opposition unity ahead of LS polls.
• Sharad Pawar takes back decision to resign as NCP chief
• Indian wraps up Operation Kaveri; rescues 3,862 Indians from Sudan.
• India, Australia sign migration pact; to open new consulate in Brisbane.
• Centre approves indigenisation of 928 defence items ‘to promote Aatmanirbharta’.
• India, US discuss co-producing jet engines, long-range artillery, infantry vehicles.
• ISRO successfully launches its next-generation navigational satellite – NVS-1 from Sriharikota.
• DRDO & Indian Navy conducts successful maiden test trial of Air Droppable Container -150 in Goa.
• Maiden ASEAN-India Maritime exercise starts in Singapore; ten countries participate.
• Jal Jeevan Mission achieves milestone of providing tap water supply to 12 crore rural households.
• National Medical Commission mandates registration of all medical practitioners with unique ID.
• Governor’s actions illegal but can’t reinstate Thackeray as CM as he resigned before floor test: SC.
• CAG Girish Murmu re-elected as external auditor of WHO for 4-year term.
• Karnataka DGP Praveen Sood appointed as CBI Director.
• Top wrestlers detained as protest against federation chief intensifies.
• Patna High Court puts an interim stay on state govt’s decision to conduct caste-based census.
• CBI files charge sheet against Congress leader Jagdish Tytler in 1984 anti-Sikh riots case.
• Delhi govt has control over services except public order, police and land: SC on Delhi-Centre power row.
• US court approves extradition of 26/11 Mumbai attack accused Tahawwur Rana to India.
• Russia launches ‘largest drone attack’ on Ukrainian capital on Kyiv Day.
• Russian PM Mikhail Mishustin arrives in China for business forum, talks with President Xi.
• Russia, Belarus ink document on tactical nuclear weapon deployment in Belarus.
• Germany unveils €2.7 billion weapons package for Ukraine.
• Zelenskyy meets Pope Francis at Vatican; seeks backing for Ukraine’s peace plan.
• Turkey’s Erdogan wins historic runoff election, extends his two-decade rule.
• Florida Governor Ron DeSantis launches 2024 presidential bid.
• Covid-19 no longer a global health emergency, next pandemic to be more lethal than ever: WHO Chief.
• King Charles and Princess Camilla crowned in historic Coronation celebrations.
• Arab governments vote for Syria’s return to the Arab League after 12-year absence.
• Death toll climbs to 600 as armed conflict continues in Sudan.
• Pakistan, China reiterate to continue cooperation on CPEC.
• China, Afghanistan, Pakistan pledge to enhance cooperation on security, counter-terrorism
• Bilawal Bhutto Zardari attends Shanghai Cooperation Organization meet in Goa.
• Former Pakistan PM Imran Khan arrested; SC declares arrest ‘illegal’, orders his immediate release.
• Cyclone Mocha: Super cyclone, equivalent to 4 hurricanes, hits Myanmar, Bangladesh.
• IPL 2023: Chennai Super Kings beat defending champions Gujarat Titans to clinch 5th title.
• Shubman Gill wins Orange Cap with 890 runs, Md Shami clinches Purple Cap with 28 wickets.
• World Test Championship final: Ishan Kishan replaces KL Rahul in India squad against Australia.
• Shubman Gill becomes first batter to score hundred in Test, ODIs, T20I, IPL in calendar year.
• Pakistan appoint former New Zealand all-rounder Grant Bradburn as men’s team head coach..
• Malaysia Masters 2023: Prannoy defeats Weng, wins maiden BWF World Tour Title
• Neeraj Chopra creates history, becomes world number 1 in men’s javelin throw rankings.
• Sherpa Kami Rita scales Mt Everest for 28th time, sets new world record.
• Italian Open: Kazakhstan’s Elena Rybakina clinches women’s title; Daniil Medvedev wins men’s title.

Business News

• RBI withdraws ₹2000 note from circulation, to remain legal tender; can be exchanged at banks on or before September 30, 2023.
• Digital Rupee: RBI launches expand e-Rupee pilot to include more banks.
• India achieves highest ever GST revenue collection of over ₹1,87,000 crore in April 2023.
• Government lowers threshold for GST e-invoicing to ₹5 crore.
• Manufacturing PMI hits 4-month high in April to 57.20; WPI declines for 11th straight month to -0.92%.
• PM Modi and Japan’s Kishida discuss cooperation in green hydrogen, semiconductors.
• Centre inks MoU with Japan agency to develop high-speed rail stations.
• India, EU affirm commitment to work together on common priorities for WTO-related issues.
• India and European Union agree to coordinate their policies in strategic semi-conductor sector.
• Centre to roll out pan-India mobile tracking system to aid finding lost devices.
• Govt bans import of 928 items to promote domestic defence industry.
• Defence exports surge to ₹16,000 crore in FY2022-23, from ₹686 crore in FY2013-14.
• Centre announces 60-day time limit for approval in a bid to fast-track M&As.
• Finance Ministry permits 22 finance companies to undertake Aadhaar-based verification of clients.
• Govt unveils UDAN 5.1 to enhance connectivity to remote areas through helicopters.
• Govt cuts subsidy on electric 2-wheelers to ₹10,000 per kWh from existing ₹15,000 per kWh.
• Cabinet clears fertiliser subsidy cut, PLI scheme for IT hardware.
• Centre asks states to crack down on outdoor advertisements of betting, gambling platforms.
• International debit, credit card spends of up to ₹7 lakh a year exempt from 20% TCS.
• Centre makes tests mandatory for exporting cough syrups from June 1.
• India Post signs MoU with Confederation of All India Traders and Tripta Technologies for logistics services.
• Puri – Howrah, Delhi – Dehradun, Guwahati-New Jalpaiguri Vande Bharat Express trains launched.
• Andhra CM Y.S.Jagan Mohan Reddy launches ₹5,156 crore Machilipatnam port works.
• Tamil Nadu govt signs MoUs with Japan, Singapore based firms.
• Mankind Pharma, Nexus Select Trust make their market debuts.
• Adani-Hindenburg: Supreme Court gives SEBI extension till August 14 to complete probe.
• NCLT dismisses IDBI Bank’s insolvency plea against Zee Entertainment.
• NCLAT upholds Go First bankruptcy proceedings in a setback to lessors.
• US Fed hikes interest rates by 25 basis points, signals a pause.
• House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate.
• China’s Central Bank keeps interest rates unchanged, adds more liquidity as recovery struggles.
• UK inflation falls to lowest level in over a year; CPI drops to 8.7%.
• Pakistani rupee plunges to record low of 299 against US dollar.
• Australia govt to change petroleum tax, LNG projects to pay more.
• JPMorgan to buy embattled First Republic Bank after rescue efforts fail.
• G7 calls for adoption of international technical standards for AI.
• South Korea’s Hyundai to invest $2.45 billion in India.
• Tesla proposes new EV plant in India for domestic sales, exports.
• Garuda Aerospace, HAL subsidiary tie up for drone manufacture.
• China’s first domestically built passenger plane successfully makes its maiden commercial flight.
• TCS led consortium secures ₹15,000 crore order from BSNL for nationwide 4G network deployment.
• Cisco to manufacture from India in diversification move.
• Foxconn to set up $500 million manufacturing plant in Telangana; will create 25,000 jobs.
• Nvidia unveils more AI products after $184 billion rally.
• Zoom gets pan-India telecom licence to offer telephone services to enterprise customers.
• Paytm partners with NPCI to launch Paytm SBI Card on the RuPay network.
• Aurionpro Payments gets in-principle nod from RBI to operate as payment aggregator.
• PhonePe gets another $100 million from General Atlantic; total funding rises to $850 million.
• Google Pay launches RuPay credit cards support on UPI in India.
• NTPC, NPCIL sign joint venture agreement to develop nuclear power projects.
• Uber partners with GeM portal to offer taxi services to govt offices, agencies, PSUs at fixed price.
• Edtech major Byju’s raises ₹2,000 crore in fresh funding from US investment firm.
• Microsoft announces Windows Copilot, an AI personal assistant for Windows 11.
• Berkshire shareholders vote to keep Warren Buffett as chairman.
• Hinduja Group chairman S P Hinduja dies in London at 87.
• Ajay Banga Selected 14th President of the World Bank.
• L&T names S N Subrahmanyan as CMD; A M Naik to be Chairman Emeritus.
• Elon Musk announces Linda Yaccarino as new Twitter CEO.
• Paytm Payments Bank gets RBI nod to re-appoint Vijay Shekhar as part-time chair for a year.

Q4 Results

• SBI Net profit zooms 83% YoY to ₹16,695 crore, NII rises 29% to ₹40,393 crore, dividend at ₹11.30 /share.
• Punjab National Bank’s Q4FY23 profit surges six times to ₹1,741.11 crore; NII rises 30% to ₹9,499 crore.
• Karnataka Bank Q4 Net profit up 171.5% YoY at ₹353.53 crore, NII up 27.15% at ₹860.05 crore.
• HDFC net profit rises 19% YoY to ₹4,425 crore in Q4; NII climbs 16% to ₹5,321 crore.
• LIC Q4 Net profit rises five-fold to ₹13,191 crore, total income declines to ₹2,01,022 crore.
• Ashok Leyland Q4 PAT falls 17% YoY to ₹751 crore, revenue rises 33% to ₹11,626 crore.
• Tata Motors clocks profit of ₹5,408 crore in Q4; revenue jumps 35% YoY to ₹105,932 crore.
• Hero MotoCorp Q4 net up 31% at ₹811 crore; total income at ₹8,672 crore.
• TVS Motor Q4 Profit up 21% at ₹336 crore, revenue at ₹8,031 crore.
• Bharti Airtel Q4 net profit soars 50% YoY to ₹3,006 crore, revenue surges by 14% to ₹36,009 crore.
• Paytm logs ₹7,990 crore revenue in FY23, becomes India’s highest earning new-age firm.
• ITC Q4 Profit surges 23% YoY to ₹5,175 crore; revenue rises 7% to ₹19,058 crore.
• Biocon Q4 Profit grows 31% YoY to ₹313 crore, revenue surges 57% to ₹3,774 crore.

General News

• Karnataka Assembly Elections to take place on May 10, counting to be held on May 13.
• Assembly election results 2023: Neiphiu Rio takes oath as Nagaland CM for fifth term.
• Conrad Sangma takes oath as Meghalaya CM and Manik Saha as Tripura CM for second term.
• Both houses of Parliament face multiple disruptions over Rahul Gandhi and Adani issues.
• Rahul Gandhi convicted ‘Modi surname’ defamation case, disqualified by Parliament..
• PM Modi inaugurates 8th edition of Raisina Dialogue; Italian PM Giorgia Meloni Chief Guest of the event.
• Australian PM Anthony Albanese visits India; becomes first foreign leader to visit INS Vikrant.
• Japanese PM Fumio Kishida arrives in India on a two-day visit.
• India signs $ 1 billion loan pact with World Bank to boost healthcare infra.
• India, Mexico sign MoU on research, technology and innovation collaborations.
• India, World Food Programme sign MoU during Global Millets Conference.
• PM Modi unveils official stamp, coin of the International Year of Millets 2023 at Global Millets Conference.
• Jaishankar, US Secretary of Air Force discuss opportunities for India-US defence cooperation.
• Govt advises states to follow 5-fold strategy to fight Covid-19 as cases go up.
• NITI Aayog holds inter-ministerial meeting to review Seasonal Influenza situation in the States.
• Health Ministry issues advisory as IMD forecasts heatwaves after hottest February since 1901.
• UIDAI rolls out new security mechanism for robust fingerprint-based Aadhaar authentication.
• President to appoint CEC, ECs on recommendation of committee comprising PM, LoP & CJI, orders SC.
• Karnataka govt scraps Muslim quota of 4%, increases quota of Lingayats and Vokkaligas by 2% each.
• CM Yogi Adityanath approves infrastructure projects worth ₹465 crore in Ayodhya.
• CM Ashok Gehlot announces formation of 19 new districts, 3 new divisions in Rajasthan.
• Akhilesh Yadav meets Mamata Banerjee; agree on new front – without Congress.
• EPS takes charge as AIADMK general secretary after Madras HC rejects OPS challenge.
• Centre announces 10% reservation for ex-Agniveers in BSF recruitment.
• Centre approves buying of different weapon systems worth over ₹70,000 crore for Defence forces.
• Indian Army signs MoU with NTPC for implementing of Green Hydrogen Projects in Army Establishments.
• NITI Aayog’s Atal Innovation Mission join hands with Australia’s science agency CSIRO.
• ISRO successfully launches heaviest payload rocket mission LVM3-M3 OneWeb India-2 with 36 satellites.
• Supreme Court fixes February 28, 2024 as deadline to pay ₹28,000 crore arrears under OROP scheme.
• Bar Council permits foreign lawyers and firms to practice foreign law in select fields in India.
• Delhi excise policy case: K Kavitha appears before ED for questioning; Delhi court rejects Sisodia bail.
• Lalu Prasad Yadav, Rabri Devi & daughter Misa Bharti get bail in land-for-job scam case.
• President Murmu presents 3 Padma Vibhushan, 4 Padma Bhushan and 47 Padma Shri Awards for 2023.
• Oscars 2023: ‘The Elephant Whisperer’ bags award for Best Documentary Short Film.
• Naatu Naatu wins Oscar, becomes first song from an Indian film to bag honour.
• UN member states agree on historic deal to protect high seas after decades of talks.
• WHO calls on China to be transparent in sharing data to determine Covid’s origins.
• US’ Antony Blinken meets Russia’s Sergei Lavrov on G20 sidelines, urges stance reversal on nuclear treaty.
• ICC judges issue arrest warrants against Vladimir Putin over Ukraine war crimes.
• President Xi Jinping meets with Russian President Vladimir Putin.
• Xi Jinping secures historic third term as Chinese President, Li Qiang appointed Chinese Premier.
• China reopens to tourists, resumes all visas following COVID-19 lockdowns.
• Japan, South Korea agree to mend ties as leaders meet after 12 year gap.
• US approves selling Taiwan $619 million worth of F-16 munitions.
• US Senate panel approves Biden’s pick Eric Garcetti for India Ambassador.
• AUKUS deal: US, Australia and UK ink nuclear-powered submarine deal to counter Chinese aggression.
• UK boosts defense spending by $6 billion in response to Russia and China.
• Emmanuel Macron survives no-confidence vote as fresh protests rock France against pension reforms.
• Netanayhu government survives no-confidence votes in Israeli parliament.
• British, New Zealand parliaments block TikTok over security concerns.
• Saudi Arabia approves decision to join the Shanghai Cooperation Organisation as ties with Beijing grow.
• Myanmar’s Military Govt Junta dissolves Aung San Suu Kyi’s Party along with other Opposition Parties.
• North Korea unveils new nuclear warheads as US air carrier arrives in South.
• Nepali Congress leader Ram Chandra Paudel sworn in as President of Nepal.
• North Korea calls on UN to demand immediate end to US, South Korea combined military drills.
• Odisha CM Patnaik inaugurates India’s largest hockey stadium – Birsa Munda Stadium in Rourkela.
• WPL 2023 Final: Harmanpreet Kaur-led Mumbai Indians defeat Delhi Capitals by 7 wickets, win inaugural title; Meg Lanning wins Orange Cap, Hayley Matthews Purple Cap.
• IND vs AUS ODI Series: Australia win series 2-1, become No.1 ODI team
• IPL 2023 begins; BCCI introduces new rule changes and playing conditions for the 16th season.
• Ashwin breaks Anil Kumble’s twin record with his fifer in Ahmedabad.
• FIFA confirms expanded 2026 World Cup with record 104 matches.

Business News

• PM Modi, Sheikh Hasina inaugurate ₹377 crore diesel pipeline to Bangladesh.
• Nirmala Sitharaman presents ₹1.18 lakh crore budget for J&K in Lok Sabha.
• LG Manoj Sinha lays the foundation stone for a ₹250-crore mall in Srinagar, calls it J&K’s first FDI project.
• Lok Sabha passes Finance Bill; approves setting up of GST Appellate Tribunal.
• Withholding tax on royalties and fees for technical services earned by foreign companies doubled to 20%.
• Mutual Fund investments with less than 35% equity investment will be deemed as STCG.
• Centre slashes windfall tax on domestic crude oil to ₹3,500 per tonne; hikes duty on diesel.
• Cooking gas price hiked by ₹50 per cylinder, commercial gas go up by ₹350.
• Govt extends Ujjwala Yojana LPG subsidy of ₹200/gas cylinder for another year.
• Govt sanctions ₹800 crore for installing 7,432 EV fast charging stations across the country.
• Centre launches portal to ensure availability of power during peak demand at high price.
• Centre forms Committee of Secretaries to fast-track infrastructure projects along northern border areas.
• Govt hikes DA, DR for central govt employees to 42% of basic pay.
• India, World Bank sign agreement for construction of Green National Highway Corridor project in 4 states.
• India unveils the new Foreign Trade Policy 2023 in order to boost exports amid slowing global trade.
• Ministry of Steel signs MoU with selected companies under PLI scheme.
• Govt imposes money laundering provisions on crypto sector.
• Centre amends anti-money laundering rules, brings ‘politically exposed persons’ under PMLA.
• Centre grants full Customs Duty exemption on import of medicines & food for treating rare diseases.
• Odisha approves 25 industrial projects worth ₹5,827 crore to create jobs.
• Andhra Pradesh has received 340 investment proposals worth ₹13 lakh crore: CM YS Jagan Mohan Reddy.
• Govt clears launch of IFFCO’s nano DAP fertiliser in market.
• India gets world’s longest railway platform at Hubballi in Karnataka.
• Central Railway achieves 100% electrification of entire Broad Gauge Network.
• UP CM Yogi Adityanath, Nitin Gadkari inaugurate 18 road projects worth ₹10,000 crore for eastern UP.
• Maharashtra govt partners with 91Springboard to set up virtual incubation center.
• PAN, Aadhaar linking deadline extended to June 30, 2023: CBDT.
• Hindustan Zinc declares ₹11,000 crore dividend; Vedanta to earn ₹7,132 crore, LIC to get ₹296 crore
• ICICI Bank launches digital solutions for participants of capital market and custody services.
• Bank of Baroda board approves divestment of up to 49% stake in credit cards subsidiary.
• Yes Bank 3 years share Lock-In period ended on March 13.
• Adani-Hindenburg row: SC orders committee to probe share crash; asks Centre, SEBI to cooperate.
• Fed hikes interest rate 0.25 point to curb inflation despite banking turmoil.
• Bank of England hikes rates by 25 bps, following US Fed.
• Pakistan’s inflation soars to 47% fueled by high food prices; onion up 228%, wheat 120%.
• Biden unveils $6.9 trillion budget, raises tax on rich, boosts spending on infra.
• US closes Silicon Valley Bank, the 16th largest bank in America, in biggest collapse since 2008.
• HSBC buys Silicon Valley Bank’s UK arm for £1 to protect deposits.
• First Citizens Bank agrees to buy Silicon Valley Bank deposits and loans.
• UBS agrees to buy Credit Suisse for more than $2 billion.
• New York Community Bank agrees to buy failed Signature Bank in $2.7 billion deal.
• Pakistan’s central bank raises key policy rate by 300 bps to 20%, highest level since 1996.
• China approves $1.3 billion rollover for cash-strapped Pakistan.
• Lanka’s central bank raises interest rates in anticipation of IMF bailout.
• IMF approves $3 billion in financial assistance for Sri Lanka to overcome crisis.
• Ukraine clinches $15.6 billion IMF loan, a first for nation at war.
• Eris Lifesciences buys dermatology brands from Dr Reddy’s for ₹275 crore.
• Tata Motors reaches new milestone, crosses 50 lakh passenger vehicle production mark.
• Hyundai inks agreement to take over General Motors India’s Talegaon plant.
• Hero MotoCorp signs agreement with US based Zero Motorcycle to collaborate on premium EV vehicles.
• U.S. and Japan strike deal on Minerals used in batteries for Electric Cars.
• Tesla officially opens Superchargers to non-Tesla EV owners in the US.
• Honda announces to shut plant in Pakistan till March 31, cites supply chain disruptions.
• Tata Group in agreement with Lockheed Martin to begin fighter wing production.
• Riyadh Air: Saudi Arabia unveils new national airline to compete with Gulf rivals.
• Bharti-backed OneWeb deploys another 40 satellites to low-Earth orbit with SpaceX.
• ONGC signs MoU with France’s TotalEnergies for exploration of deep-water blocks.
• HPCL and Chevron partner to introduce advance-tech lubricants in India.
• Essar group to set up steel plant in Saudi Arabia with an investment of $4 billion.
• India, US sign MoU on semiconductor supply chain and innovation partnership to boost cooperation.
• Airtel India adds 235 cities to 5G network, service available in 500 cities.
• Jio extends 5G coverage to 27 more cities, now covers 331 cities.
• Telecom products maker HFCL collaborates with Microsoft to roll out private 5G solutions for enterprises.
• iPhone maker Foxconn to set up electronic manufacturing plant in Telangana, to generate 1 lakh jobs.
• OpenAI introduces ChatGPT successor GPT-4, new chatbot aces LSAT, GRE, and all major exams.
• Ernie Bot: Baidu showcases China’s answer to ChatGPT to lead transformative technology.
• Adani prepays $2.15 billion share-backed financing, $500 million loan for Ambuja deal ahead of deadline.
• White House endorses TikTok bill, calls for swift ban of Chinese app.
• Alibaba Group announces structural overhaul, split of business into six units.
• PhonePe gets payment aggregator license, reaches $1 trillion annualised payment value run rate.
• Tata Group pauses talks to buy majority stake in bottled water firm Bisleri.
• HUL board names Rohit Jawa next MD & CEO, tenure starts from June 27.
• Infosys’ former President Mohit Joshi to replace CP Gurnani as Tech Mahindra’s MD & CEO.
• Rajesh Gopinathan quits as TCS CEO; K Krithivasan appointed CEO-designate.
• Biocon’s Kiran Mazumdar-Shaw to retire from Infosys Board.
• NDTV appoints ex SEBI chairman UK Sinha, Welspun India CEO Dipali Goenka as independent directors.
• RIL names V Srikanth as new CFO; veteran Alok Agarwal to become Senior Advisor to Chairman.

General News

• Part 1 of Budget session concludes, Parliament to meet again on 13th March.
• Assembly elections 2023: Tripura records 87.63% voter turnout; Megahalaya 76.27%, Nagaland 84.08%.
• NSA Ajit Doval meets US Secretary of State Antony Blinken, discusses India-US strategic ties.
• US, India elevate strategic partnership under iCET, launch initiatives to expand technology partnership.
• Ajit Doval holds wide-ranging discussions with Russian President Putin in Moscow.
• India and Spain agree to collaborate on digital infrastructure, climate action and sustainable development.
• India, France, UAE agree for trilateral cooperation initiative, in fields including energy, defence, economy.
• India’s National Security Advisor Ajit Doval meets his UK counterpart Tim Barrow in London.
• German Chancellor Olaf Scholz arrives in India for 2-day visit; hold wide-ranging talks with PM Modi.
• Cabinet approves projects worth ₹6,600 crore to strengthen India’s borders.
• Centre drops mandate to upload Air Suvidha form for travellers from China, Japan, other 4 countries.
• 14th edition of Asia’s largest aero show, Aero India 2023 kicks off in Bengaluru.
• Rajnath Singh holds bilateral meeting with defence heads of 7 nations on the sidelines of the show.
• EAM Jaishankar, Fiji President Wiliame Katonivere inaugurate 12th World Hindi Conference in Nadi.
• Indian Army changes Agniveer induction process, entrance test for candidates introduced.
• President appoints new governors for Andhra, Maharashtra, Sikkim, Jharkhand, Himachal and Assam.
• President Murmu confers Sangeet Natak Akademi Fellowships and Awards for 2019, 2020 and 2021.
• ISRO joins hands with Indian Navy to conduct recovery trials for Gaganyaan Mission.
• ISRO successfully launches SSLV’s 2nd developmental flight with three satellites from Sriharikota.
• Dr APJ Abdul Kalam Mission 2023: Rocket carrying student-built satellites launched from Tamil Nadu.
• Telangana state budget pegs ₹2.90 lakh crore expenditure in FY24, allocates ₹26,831 crore for agriculture.
• Karnataka CM Bommai present revenue surplus budget; raises loan term limits, agricultural subsidies.
• Uttarakhand Cabinet approves compensation, rehabilitation policy for affected people in Joshimath.
• Brigadier (Retd) BD Mishra takes oath as second Lt Governor of Ladakh.
• AAP councillor Shelly Oberoi elected as Delhi’s new mayor.
• EC recognises Eknath Shinde faction as real Shiv Sena, allots it ‘bow and arrow’ symbol.
• Congress’ 85th plenary session: Party outlines seat-sharing strategy, organizational changes for 2024 polls.
• Delhi liquor scam: Manish Sisodia arrested by CBI after 8-hour questioning.
• Morbi bridge tragedy: SIT report shows 22 corroded wires, welded suspenders reasons behind collapse.
• Yuva Sangam portal launched to connect youth from Northeast to other states.
• Powerful 7.8 earthquake in Turkey and Syria kills at least 50,000 people.
• U.N. General Assembly votes to demand Russia withdraw from Ukraine; India, China abstain.
• EU, Ukraine hold first summit in Kyiv since Russian invasion.
• US President Biden makes surprise visit to Ukraine for first time since full-scale war began.
• EU hits Russia with 10th package of sanctions one year after Ukraine invasion.
• Financial Action Task Force (FATF) suspends Russia’s membership over Ukraine war.
• U.S. fighter jet shoots down suspected Chinese spy balloon with missile.
• US’s Blinken meets China’s Wang Yi; warns Beijing against helping Russia, condemns its spy balloon.
• UK, EU conclude new post-Brexit trade arrangement for Northern Ireland.
• Russia, China and S Africa hold naval drills off Indian Ocean coast.
• North Korea showcases nuclear attack capability in largest ever ICBM parade.
• China imposes mandatory Covid-19 tests for arrivals from South Korea.
• Former Pakistan President Pervez Musharraf passes away after prolonged illness in Dubai.
• China plans to triple nuclear warheads to 900 by 2035 amid tensions with US.
• North Korea fires more ballistic missiles, warns action over US-South Korea drills.
• South Korea to offer $130 million in additional humanitarian aid to Ukraine.
• Indian-Americans Nikki Haley, Vivek Ramaswamy announce 2024 presidential bid.
• Chinese President Xi holds talks with Iranian president Raisi, eyeing new progress in ties.
• New Zealand declares national emergency as Cyclone Gabrielle wreaks havoc.
• Sri Lanka’s ex-President Sirisena apologises for 2019 Easter Sunday bombings.
• Shahabuddin Chuppu elected unopposed as Bangladesh’s 22nd President.
• Scottish leader Nicola Sturgeon leaves post after 8 years.
• Johar Khiladi: Country’s first digital portal for sports, sportspersons launched in Jharkhand.
• IND vs AUS, 2nd Test: India beat Australia in second Test to take 2-0 lead in 4-match series.
• BCCI sacks KL Rahul, no vice-captain named for last two Test matches against Australia.
• Virat Kohli edges Tendulkar, Ponting to become fastest to complete 25,000 International runs.
• Women’s T20I Tri-series: South Africa beats India by 5 wickets to clinch Women’s T20 Tri-series title
• Women’s T20 WC: Australia win record-extending sixth Women’s T20 World Cup title.
• Women’s T20 league: Smriti Mandhana tops auction with Rs 3.4 crore, named RCB captain.
• IPL 2023 to begin on March 31; Gujarat Titans to face Chennai Super Kings in season opener.
• Gymnast Dipa Karmakar handed 21-month ban after failing dope test.
• Novak Djokovic sets all-time record with 378th week as world tennis no. 1, overtaking Steffi Graf.
• FIFA Awards: Lionel Messi wins record 7th award; Alexia Putellas claims award for 2nd straight year.

Business News

• RBI hikes repo rate by 25 bps to 6.5%, projects GDP growth at 6.4% for 2023-24.
• RBI cuts inflation projection for FY23 to 6.5% from 6.7%, core inflation remains a concern.
• RBI proposes to launch QR code based coin vending machine in 12 cities.
• 49th GST Council meet: All GST compensation dues to be cleared since June 2022.
• PM inaugurates India Energy Week 2023 in Bengaluru.
• India, US agree to constitute task force to boost cooperation in semiconductor industry.
• I2U2 business forum held in UAE to address energy crisis, food insecurity.
• PM Modi inaugurates 14th edition of Aero India 2023 at Air Force Station, Yelahanka in Bengaluru.
• HAL’s helicopter manufacturing factory inaugurated by PM Modi in Karnataka’s Tumakuru.
• Govt approves scheme for revival 100 unserved Airports, Helipad and Water Aerodromes by 2024.
• IAF releases 119 ‘conditional’ air routes for commercial flight operations.
• Government cuts windfall tax on crude petroleum, diesel and ATF.
• Govt approves ₹30.40 crore ‘Sensor-based Smart Agriculture’ project for J-K farmers.
• Andhra Pradesh hosts investment drive in Mumbai to attract businesses and Investors to GIS 2023.
• Rajasthan amends combined excise policy, hiked prices for Indian made liquor and Rajasthan made liquor.
• RBI grants approval to 32 firms to act as online payment aggregators.
• India, Singapore launch real-time payment systems linkage between UPI and PayNow.
• SEBI directs AMCs to include GST & transaction cost in total expense ratio.
• Hindenburg Research firm alleges Adani group had engaged in stock manipulation and accounting fraud.
• Adani Group calls off ₹20,000 crore FPO due to market volatility; loses over 12 lakh crore in market cap.
• Adani group prepays loans worth $1.11 billion, releases pledged shares in 3 firms.
• Reliance Retail becomes first retailer to begin accepting Central Bank Digital Currency (CBDC) for sales.
• PSBs profit jumps 65% to ₹29,175 crore in Q3; Bank of Maharashtra tops chart.
• Edelweiss General Insurance rebranded as Zuno General Insurance.
• TCS signs expansion deal with American tech company Keysight Technologies.
• Income Tax Department conducts survey at BBC offices in Delhi, Mumbai.
• Sri Lanka gives nod to $442-million wind project of Adani Group.
• Bank of England raises interest rates by 0.5 bps to 4%, 10th straight increase.
• Pakistan’s inflation soars to 27.55%, highest in 48 years; approves new tax on power.
• Sri Lanka’s power regulator approves hike in power tariff to the tune of 66%.
• France’s TotalEnergies pauses green hydrogen project with Adani.
• Govt agrees to convert ₹16,133 crore interest dues of Vodafone Idea into equity.
• Centre gets 33.44% stake in Vodafone Idea post equity allocation.
• Honda to start producing new hydrogen fuel cell system co-developed with General Motors.
• Renault, Nissan agree on landmark deal to reshape alliance.
• EU formally bans gas, diesel car sales from 2035 to boost EV transition.
• Tata Motors signs an MoU with Uber India for 25,000 XPRES-T EVs for its premium category.
• Air India orders 250 Airbus, 220 Boeing planes in world’s biggest ever aviation deal.
• Boeing bids farewell to an icon, delivers last 747 jumbo jet.
• BEL, GSL ink pact to address global market opportunities in Naval platforms.
• Qualcomm announces world’s first satellite-based two-way messaging solution.
• TCS bags deal to digitally transform Telefónica Germany, largest UK deal to digitize insurer’s products.
• G-7, Europe reach deal for price cap on Russian diesel.
• Vedanta shelves plan to sell its copper smelter in Tamil Nadu.
• Over 17,400 tech employees got fired in February globally to date.
• Spotify world’s 1st music streaming platform to surpass 200 million paid users.
• Ola, Rapido, Uber bike taxi services are banned in Delhi by government.
• FDA restrict imports of India-made pharma company linked to vision loss in US.
• Twitter Blue subscription launches in India at ₹650 for web, ₹900 for mobile.
• Meta launches paid Blue Badge for Facebook, Instagram at $11.99 a month.
• Alibaba exits India – sells its entire stake holding in Paytm.
• PhonePe becomes India’s first fintech platform to enable cross-border UPI payments.
• Samsung to manufacture premium Galaxy S23 smartphones at Noida facility in India.
• Nokia to expand production of optical line terminals (OLTs) at Chennai factory to growing demand.
• Surf Excel becomes first Indian home care brand to top $1 billion annual sales.
• RBI okays appointment of sitting YES Bank exec Rajan Pental as ED.
• Tata Motors VP Rajan Amba appointed as MD of Jaguar Land Rover India.
• YouTube CEO Susan Wojcicki quits after 25 years; Indian-American Neal Mohan to be new CEO.
• NITI Aayog’s CEO Parameswaran lyer appointed as Executive Director of World Bank.
• Ex-Mastercard CEO Ajay Banga nominated by US President to lead World Bank.

Q3 Results

• IRCTC Q3 Net profit rises 22% to ₹255 crore, revenue up 70% YoY to ₹918.1 crore; ₹3.5 dividend declared.
• LIC Q3 Net profit surges multi-fold to ₹6,334.19 crore, Net premium income rises 15% to ₹1.12 lakh crore.
• Ashok Leyland posts multi-fold jump in PAT to ₹361 crore on robust sales, revenue stood at ₹9,030 crore.
• M&M Q3 net profit rises 14% YoY to ₹1,528 crore, revenue rose 41% to ₹21,654 crore.
• Bharti Airtel Q3 net profit rises 91.5% to ₹1,588 crore; ARPU up at ₹193.
• Bank of Baroda reports highest-ever quarterly profit of ₹3,853 crore, NII surges 27% YoY to ₹10,818 crore.
• Cognizant Q4 net profit down 9.6% YoY to $521 million, revenue stood at $19.4 billion.
• ITC Q3 net profit rises 23% to ₹5,070 crore; revenue up 3.5% to ₹19,020.65 crore.
• IndiGo net profit soars to ₹1,422.6 crore on travel demand, total income jumped to ₹15,410.2 crore.
• Adani Enterprises reports Q3 consolidated net profit at ₹820 crore, revenue rises 42% to ₹26,612.23 crore.
• Britannia Q3 Net profit soars 151% YoY to ₹932 crore, revenue increased 16.17% to ₹4,101.49 crore.
• Nestle India Q4 PAT rises 66% YoY to ₹628 crore; announces dividend of ₹75 per share.
• Nykaa net profit falls 71% to ₹8.5 crore in Q3, revenue up 33% to ₹1,463 crore.

General News

• Winter session of Parliament to begin on December 7 for 23 days.
• Himachal Pradesh witnessed a record voter turnout at 75.6% in the assembly elections.
• Gujarat assembly elections to be held in two-phase – December 1 and 5, results on December 8.
• Annual G20 Summit opens in Indonesia’s Bali province.
• G-20 Presidency handed over to India; next year’s Summit to be held on 9th and 10th September.
• India attends Moscow format of talks on Afghanistan to eradicate terrorism.
• India reiterates opposition to China’s Belt and Road Initiative at SCO meet.
• Vice President Jagdeep Dhankhar participates in 17th East Asia Summit in Cambodia.
• Rozgar Mela: PM Modi virtually distributes appointment letters to over 71,000 new recruits.
• PM inaugurates month-long ‘Kashi Tamil Sangamam’ in Varanasi, Uttar Pradesh.
• Indian Army approves five Make II projects providing impetus to ‘Atma Nirbhaarta’.
• DRDO conducts successful maiden flight-test of Phase-II Ballistic Missile Defence interceptor.
• Priyanka Gandhi Vadra joins Rahul Gandhi for Bharat Jodo Yatra in Madhya Pradesh.
• Vikram-S, India’s first private rocket successfully lifts off from Sriharikota.
• ISRO conducts 200th consecutive successful launch of RH200 sounding rocket.
• ISRO successfully launches Oceansat-3, eight other customer satellites on their way to different orbit.
• India invites Egyptian President Abdel Fattah El-Sisi to be Republic Day chief guest.
• Govt amends Aadhaar rules; supporting documents may be updated ‘at least once’ in 10 years.
• Govt declares census, NPR database as critical information infrastructure.
• SC upholds 10% reservation for Economically Weaker Sections with 3:2 verdict.
• Rajiv Gandhi assassination case: Centre moves SC seeking review of premature release of 6 convicts.
• Giridhar Aramane takes charge as new defence secretary.
• DY Chandrachud swears in as 50th Chief Justice of India.
• Education Ministry releases Performance Grading Index for 2020-21; Kerala tops among states.
• Uttarakhand to implement MBBS in Hindi along with English from next academic session.
• DMK, allies petition President for ‘sacking’ TN Governor, slam him for ‘communal’ remarks.
• Kerala govt sends ordinance to axe governor as chancellor to Raj Bhavan.
• Autorickshaw explosion leaves two injured in Mangaluru, state govt hands over case to NIA.
• Assam-Meghalaya lifts restrictions on vehicular movement.
• Gujarat Assembly Polls: Isudan Gadhvi becomes AAP’s CM face; Congress, NCP announce pre-poll alliance.
• Former bureaucrat C V Ananda Bose appointed Governor of West Bengal.
• Ex-bureaucrat Arun Goel assumes charge as new election commissioner.
• UN unveils $3.1 billion plan to achieve early warning systems for all against extreme, dangerous weather.
• COP27 summit agrees on climate fund for ‘loss and damage’ in landmark deal.
• Russia agrees to extend key U.N. Ukraine grain export deal by 4 months.
• Rishi Sunak announces air defence package for Ukraine on first Kyiv visit.
• US mid-term elections: Republicans take control of House of Representatives, Democrats retain Senate.
• Former President Donald Trump announces White House bid for 2024.
• Biden, Xi meet at the sidelines of G20 summit amid heightened China-U.S. tensions.
• PM Shehbaz Sharif names Lt Gen Asim Munir as new Pakistan Army chief.
• China reports rise in COVID-19 cases; eases COVID rules after wide protests of lockdowns.
• WHO renames monkeypox as mpox, citing racism concerns.
• World population hits 8 billion mark; India ‘on course’ to pip China as most populous in 2023.
• New metric prefixes voted in as Earth now weighs six ronnagrams(six followed by 27 zeroes).
• North Korea fires missiles; disrupts APEC meeting in Thailand.
• NASA’s next-generation Artemis rocket lifts off 50 years after Apollo.
• Malaysia’s king names reformist leader Anwar Ibrahim as Prime Minister.
• Benjamin Netanyahu and far-right allies secure victory in Israel election.
• PT Usha elected as first woman president of Indian Olympic Association.
• Narendra Modi Stadium gets Guinness record for highest T20 attendance.
• ICC T20 World Cup 2022: England crowned champions, beat Pakistan by 5 wickets.
• New Zealand’s Greg Barclay re-elected as ICC Chairman for 2nd two-year term.
• Women’s cricket to resume in Afghanistan post Taliban takeover as ICC strikes agreement with Govt.
• Shikhar Dhawan to replace Mayank Agarwal as Punjab Kings captain from IPL 2023.
• Kieron Pollard announces IPL retirement, appointed as batting coach for Mumbai Indians.
• AUS vs ENG: Australia clinched 3-0 series win against England in the three match ODI series.
• IND vs NZ: India’s five-series winning streak comes to end, lose first ODI series for 1st time in 10 months.
• FIFA World Cup: France, Brazil, Portugal, Netherlands, Senegal, USA, England qualify for Round of 16.
• Cristiano Ronaldo becomes first male player to score in 5 World Cups.
• Cristiano Ronaldo leaves Manchester United by mutual agreement with immediate effect.
• Spain’s Carlos Alcaraz becomes youngest year-end ATP world number 1.

Business News

• Nirmala Sitharaman concludes pre-Budget meetings with stakeholders.
• Finance Ministry releases Revenue Deficit Grant of ₹7,183.42 crore to 14 states.
• Centre releases ₹17,000 crore GST compensation to states/UTs for April – June.
• Centre sanctions ₹60,000 crore long-term capex funds to states.
• Centre releases 2 instalments of tax devolution totaling ₹1.16 lakh crore to states.
• GST revenues cross ₹1.51 lakh crore in October, 16.6% higher than a year ago.
• India’s April-Sept fiscal deficit touches ₹6.20 lakh crore or 37.3% of annual estimates.
• PM inaugurates first greenfield airport ‘Donyi Polo Airport, Itanagar’ in Arunachal Pradesh.
• Power Ministry revises guidelines to simplify use of charging infrastructure for Electric Vehicles.
• Indian Railways completes over 82% electrification of its complete Broad Gauge network.
• India resumes sugar exports, allows 6 million tonnes till May 2023.
• Textiles ministry clears 20 strategic projects worth ₹74 crore.
• Govt revises guidelines for uplinking and downlinking of Television Channels in India.
• Govt hikes ethanol price to ₹65.60 per litre used for blending in petrol.
• Windfall profit tax on domestically produced crude oil hiked, levy on export of diesel cut.
• ONGC pays ₹5,001 crore dividend to govt; CPSEs pay ₹23,797 crore so far this fiscal.
• Govt approves continuation of interest subvention scheme for short-term crop loans.
• Centre releases draft data protection bill, proposes six types of penalties.
• Centre unveils norms to curb fake reviews on e-commerce sites.
• International passengers no longer required to submit Air Suvidha on arrival.
• RBI allows HDFC Bank, Canara Bank to open vostro account for Rupee trade with Russia.
• RBI launches pilot of digital rupee from Dec 1; 8 banks identified for participation.
• Invest Karnataka 2022: State inks MoUs worth around ₹10 lakh crore.
• India announces additional contribution of $5 million to ASEAN-India science and technology fund.
• Indian pharma exports rise by 4.22% to $14.57 billion during April-Oct in current fiscal.
• UPI processes over 7.3 billion transactions worth ₹12.11 lakh crore in Oct, record high since inception.
• Nykaa gets shareholders’ nod for bonus issue, employee stock options.
• Market Debuts: Bikaji Foods, Archean Chemical, Five Star Business Finance, Inox Green, Rustomjee.
• IRDAI approves changes in capital, ownership, solvency of insurance companies.
• UK court rejects Nirav Modi’s plea against extradition to India.
• NCLT approves the merger of Shriram Transport Finance and Shriram City Union Finance.
• CBI books pen maker Rotomac Global in ₹750 crore bank fraud case.
• Chennai Petro, Indian Oil, partners sign JV agreement for ₹31,580 crore refinery complex in Tamil Nadu.
• US Fed announces fourth straight 0.75-point rate hike taking the benchmark lending rate to 3.75%-4.0%.
• UK unveils emergency budget; increases windfall tax on profits of oil from 25% to 35%.
• China leaves lending benchmarks unchanged for 3rd straight month in Nov.
• UK inflation accelerates to 41-year peak of 11.1%.
• US regulators ban Huawei, ZTE Telecom equipment on data-security risk.
• UK PM Sunak reiterates Britain’s commitment to deliver on new FTA with India.
• Pakistan, China sign MoU for setting up yuan clearing arrangements.
• QatarEnergy signs 27-year LNG deal with China’s Sinopec.
• NDTV promoter entity transfers 99.5% of its equity capital to Adani-owned VCPL; Prannoy Roy resigns.
• CoinSwitch launches cross-exchange crypto trading platform amid down market.
• Tata Sons announces merger of Air India and Vistara; Singapore Airlines to own 25.1% in merged entity.
• Air India gets first Boeing 777-200LR to fly on international route.
• AirAsia sells remaining 16.33% stake in India operations to Air India.
• Agnikul inaugurates its first launchpad & mission control center at Satish Dhawan Space Centre.
• Ola Electric crosses ‘fastest-ever’ 1 lakh vehicle production in 10 months.
• Wipro signs agreement on European Works Council.
• Elon Musk dissolves Twitter’s board of directors, succeeds Parag Agrawal as CEO.
• Twitter to launch gold, grey checks alongside blue verified mark.
• Binance walks away from deal to acquire FTX due to ‘mishandled funds’.
• Visa terminates global debit card agreements with FTX.
• Pegatron assembles Apple iPhone 14 at Chennai facility; Foxconn to quadruple workforce at India plant.
• Twitter begins rolling out $7.99 Twitter blue Verified badge plan with verification, fewer ads.
• Amazon to shut down distribution unit in India, focus on core businesses.
• Nokia, Samsung, Tejas Networks among 42 firms approved for PLI scheme.
• Reliance Jio, Bharti Airtel roll out 5G services.
• Honda Cars India reaches 20 lakh production milestone, invested over ₹10,000 crore till date.
• BSE gets SEBI nod to appoint Sundararaman Ramamurthy as MD, CEO.
• HDFC Bank elevates Kaizad Bharucha as Deputy MD, appoints Bhavesh Zaveri as ED.
• Reliance Industries appoints veteran banker KV Kamath as independent director.
• Thierry Bollore resigns as CEO of Jaguar Land Rover.

Q2 Results

• SBI’s Q2 net rises 74% to ₹13,265 crore on improved interest margins, NII grew 13% YoY to ₹35,183 crore.
• HDFC Q2 PAT rises by 18% YoY to ₹4,454 crore, NII came up by 12.9% at ₹4,639 crore.
• Tata Motors Q2 net loss narrows to ₹944.6 crore, consolidated revenue jumps 29.7% YoY to ₹79,611 crore.
• Ashok Leyland Q2 net profit increases to ₹199 crore, revenues rose 85% YoY to ₹8,266 crore.
• TVS Motor Q2 net profit rises 47% YoY to ₹407 crore, operating revenue grew by 28% at ₹7,219 crore.
• Hero MotoCorp net profit falls 9% YoY to ₹682 crore, revenue rises 7% to ₹9,158 crore.
• L&T Q2 PAT jumps 26% YoY to ₹2,819 crore, consolidated revenue increased by 22.9% to ₹42,762.61 crore.
• Airtel net profit up 89% to ₹2,145 crore in Q2, revenue increased 21.9% YoY to ₹34,527 crore.
• Vodafone Idea Q2 loss widens to ₹7,595 crore on higher expenses.
• LIC Q2 PAT rises 11-fold to ₹15,952 crore; net income up 26% at ₹132,104.13 crore.
• IRCTC Q2 Net profit rises 42% YoY to ₹226 crore, revenue jumps 99% to ₹806 crore.
• ONGC net down 30% at ₹12,826 crore, revenue up 54% ₹38,321 crore; interim dividend at ₹6.75/share.

General News

• Elections 2022: Himachal Pradesh elections to be held in a single-phase on Nov 12, counting on Dec 8.
• EC announces by- elections for seven assembly seats in six states on November 3.
• PM Modi, UN Chief Guterres launch Mission LiFE for climate-friendly behaviour.
• President Murmu flags off two train services in Northeast; launches various development projects.
• PM Modi launches Rozgar Mela, hands over 75,000 appointment letters.
• Rajnath Singh unveils several digital initiatives of Defence Accounts Department.
• India hosts SCO joint anti-terror drill to enhance operational capabilities.
• India’s Indigenous nuclear-powered submarine INS Arihant carries successful launch of ballistic missile.
• Prachand, indigenously-developed Light Combat Helicopter inducted into Indian Air Force.
• India, China agree to continue talks through diplomatic, military channels to resolve border issues.
• India-Nepal agree to prevent misuse of their territories, illegal border crossing by third nation citizens.
• India to contribute $500,000 for UN Trust Fund for Counter-Terrorism.
• India joins global anti-crime network, can access worldwide database of criminals.
• Health Ministry to stop procuring fresh COVID vaccines, surrenders ₹4,237 crore from vaccination budget.
• India’s first case of Omicron BQ.1 reported in Pune; state govt warns of COVID surge amid festive season.
• Union Health Minister Mansukh Mandaviya reviews COVID situation; mask mandate should continue.
• ISRO launches 36 OneWeb satellites in first commercial launch for LMV-3.
• India Mars orbiter dies after 6-month mission lasts eight years.
• Mallikarjun Kharge wins Congress Presidential polls, becomes first non-Gandhi head of party in 24 years.
• EC assigns flaming torch symbol to Thackeray’s Shiv Sena, allots ‘two swords, shield’ symbol to Shinde’s.
• Telangana CM KCR turns TRS into national party – Bharat Rashtra Samithi.
• Mulayam Singh Yadav, Samajwadi Party supremo, dies at 82.
• CJI Lalit recommends Justice Chandrachud’s name as his successor.
• Karnataka hijab ban: SC delivers split verdict, refers matter to CJI for `appropriate direction`.
• Jayalalithaa’s death: Enquiry commission finds Sasikala and 3 others at fault; advises probe.
• National Mission for Clean Ganga approves 14 projects worth ₹1,145 crore
• Amit Shah launches India’s first Hindi version of MBBS course books, in Bhopal.
• Bharat Jodo Yatra: Rahul Gandhi covers over 2,200 km in 4 states out of targeted 3,500 km journey.
• 68th National Film Awards: Veteran actress Asha Parekh receives Dada Saheb Phalke award.
• Modhera in Gujatarat declared as India’s first 24X7 solar-powered village.
• Swachh Survekshan 2022: Indore bags cleanest city award for sixth year, MP ranks first among States.
• Aramane Giridhar to be new Defence Secretary; Sanjay Malhotra named Revenue Secretary.
• India’s total COVID cases at 4.46 crore; worldwide cases at 62.99 crore.
• US Defence Secretary Lloyd Austin vows to help Taiwan defend itself from China.
• China blocks India-US move at UN to blacklist Pakistan based LeT terrorist Shahid Mahmood.
• EU adopts 8th package of sanctions for restrictive measures against Russia.
• India abstains, Russia vetoes UNSC resolution on Moscow’s illegal referenda’ on Ukraine.
• Ukraine accelerates NATO bid as Russia annexes seized areas; G7, EU rejects Russia’s ‘illegal annexation’
• Russia conducts first nuclear weapons drill since its invasion of Ukraine.
• Japan, Australia ink `landmark` security pact to counter China’s military build-up in Indo-Pacific.
• China imposes lockdowns as COVID surges; launches inhalable COVID vaccine in an apparent world first.
• UK PM Liz Truss resigns after 6 weeks in office; King Charles appoints Rishi Sunak as UK’s 57th PM.
• Malaysian PM Ismail Yaakob dissolves Parliament, calls for early elections.
• Chinese President Xi Jinping creates history, wins record third term in power.
• Iraqi parliament elects Abdul Latif Rashid as new President.
• Human rights champions in Belarus, Russia, Ukraine win Nobel Peace Prize.
• 36th National Games: Services Sports Control Board topped the medals tally with 61 gold medals
• Roger Binny replaces Sourav Ganguly as BCCI President.
• BCCI announces equal match fee for its men and women cricketers.
• T20 World Cup: Super 12s got underway, final will be played at the Melbourne Cricket Ground on Nov 13.
• IND vs SA: India wins ODI series against South Africa 2-1.
• PAK vs ENG T20: England clinch the series 4-3.
• Women’s Asia Cup 2022: India wins the title for 7th time.
• French Open badminton 2022: Satwiksairaj Rankireddy and Chirag Shetty clinch men’s doubles crown.
• 16-year-old Donnarumma Gukesh becomes the youngest to beat world champion Magnus Carlsen.
• Cristiano Ronaldo reaches record 700 club career goals

Business News

• PM Modi launches single brand ‘Bharat’ for subsidised fertilisers; 600 Kisan Samruddhi Kendras.
• PM Modi releases 12th installment worth ₹16,000 crore under PM-KISAN.
• India gets 4th set of Swiss bank account details under automatic info exchange framework.
• PM Modi lays foundation stone of ₹1,900 crore bulk drug park project in Himachal’s Una.
• Nirmala Sitharaman meets US Treasury Secretary Janet Yellen; attends IMF, World Bank annual meetings.
• Invest Rajasthan Summit: Gautam Adani announces Rs 65,000 crore investment in the state.
• Cabinet extends ₹22,000 crore as one time grant to oil PSUs to cover losses in domestic LPG.
• National Highway Authority of India to hold the officials responsible for any fatal accident.
• Govt accords infrastructure status to data centres with over 5 MW capacity.
• Record 451 MoUs worth over Rs 1.5 lakh crore inked at Defence Expo in Gandhinagar.
• PM Modi launches ₹22,000 crore project to build C-295 transport aircraft in Gujarat.
• Centre extends blanket ban sugar exports for one more year starting Oct 31.
• Government begins process to merge Amul with five cooperative societies.
• India allows exports of wheat flour processed from imported grain.
• India emerges as the world’s largest producer and second largest exporter of sugar.
• Reserve Bank of India unveils features of digital rupee, plans to launch pilot soon.
• Govt unveils new policy reforms for satellite communication services, easing processes.
• Govt issues draft guidelines for Regional Rural Banks listing; minimum net worth ₹300 crore.
• Govt invites bids for IDBI Bank privatisation; Centre, LIC to sell 60.72%.
• PM Modi launches 75 Digital Banking Units (DBU) in 75 districts across India.
• BSE launches Electronic Gold Receipts during Diwali Muhurat trading.
• NHAI’s InvIT NCDs makes debut on BSE, 25% of NCDs reserved for retail investors.
• Electronics Mart, Piramal Pharma, Tracxn Tech make their market debuts.
• IMF cuts India’s FY23 GDP forecast to 6.8% from 7.4%, flags global inflation crisis.
• India, UAE discuss mechanism for carrying out bilateral trade in national currencies.
• Japan unveils $200 billion in new spending to ease inflation pain.
• Germany’s inflation soars to 11.6%, highest in half decade.
• Pakistan taken off from FATF’s grey list after four years.
• CM Kejriwal inaugurates 11 EV charging stations, Delhi to get 89 more in two months.
• Ford executes settlement agreement with workers in Tamil Nadu plant.
• Jio-bp to set up charging network for Mahindra’s upcoming e-SUV launches.
• SpiceJet gets DGCA nod for wet leasing 5 planes; 2 aircraft operating.
• Boeing offers 737 Max Jets to Air India amid US-China trade tensions.
• Hyundai’s air taxi unit picks Honeywell as avionics supplier.
• PM Modi inaugurates 6th India Mobile Congress, experiences 5G tech by different operators.
• Govt approves ₹26,000 crore to install new 25,000 telecom towers.
• BSNL to roll out 5G in August 2023; Jio will launch 5G services across India by December 2023.
• Bharti Airtel launches 5G in eight cities, to cover entire country by March 2024.
• Reliance Jio Chairman Akash Ambani launches 5G services in Rajasthan.
• Reliance Jio Infocomm ties up with Ericsson, Nokia for 5G network.
• Vodafone and Altice launch €7 billion German broadband company.
• EMA authority approves freezing ₹5,551 crore of Chinese firm Xiaomi.
• Apple’s iPhone production to move in India, MacBook assembly to Thailand.
• Foxconn unveils its first electric vehicle concepts under the Foxtron brand.
• Electronics brand boAt raises Rs 500 crore from Warburg affiliate, Malabar Investments; calls off IPO.
• Adani Green Energy incorporates 3 new subsidiary companies for renewable energy business.
• Iran signs contract to export 40 homegrown gas turbines to Russia.
• Ola, Uber and Rapido reduce base fares in Karnataka after state govt intervenes.
• Byju’s raises $250 million from existing investors, valuation remains at $22 billion.
• Centre forms expert team to probe WHO claims on Maiden Pharma linked to 66 deaths in Gambia.
• Novavax’s COVID vaccine gets US FDA approval as booster dose for adults.
• Dabur India acquires 51% stake in Badshah Masala in ₹587.52-crore deal.
• Taiwan signals its chip firms will follow new U.S. rules on China.
• Meta unveils $1,500 VR headset, to partner with Microsoft on Office, Xbox Gaming for Quest devices.
• Meta agrees to sell GIF-sharing platform Giphy after Competition and Markets Authority (CMA) decision.
• Elon Musk takes over Twitter, fires CEO Parag Agrawal, policy chief Vijaya Gadde.
• CCI imposes fine of over ₹1,337 crore on Google for abusing its dominant position in multiple markets.
• CCI imposes ₹936 crore penalty on Google for anti-competitive Play Store policies.
• CCI slaps penalties totaling ₹392 crore on MakeMyTrip, Goibibo, OYO for unfair business practices.
• Zee-Sony to sell off Big Magic, Zee Action and Zee Classic to address CCI’s merger concerns.
• Amazon signs deal to use Hawaiian Airlines to operate 10 cargo planes.
• Dove, Nexxus, TRESemmé, and other dry shampoos recalled for cancer-causing chemical.
• Bharati Das takes charge as new Controller General of Accounts.
• RBI approves reappointment of Prashant Kumar as MD and CEO of Yes Bank for 3 yrs.
• ICICI Bank board reappoints Sandeep Bakhshi as MD and CEO for three years.
• Infosys president Ravi Kumar S quits after 20-year stint, joins as president of Cognizant Americas.
• Samsung officially names third-generation heir Lee Jae-yong as chairman.

Q2 Results

• TCS Q2 Profit rises 8.4% YoY to ₹10,431 crore, declares second interim dividend of ₹8 per share.
• HCL Tech Q2 Profit rises 7% YoY to ₹3,489 crore, board approves dividend of ₹10 per share.
• Wipro Q2 Profit drops 9% YoY to ₹2,659 crore; revenue climbs 15% ₹22,539.7 crore.
• Infosys Q2 net up at ₹6,021 crore, announces buyback of ₹9,300 crore, interim dividend of ₹6,940 crore.
• HDFC Bank’s Q2 net profit rises 20% YoY to ₹10,605 crore, NII rose 18.9% to ₹21,021.2 crore.
• IDBI Bank Q2 Profit jumps 46% YoY to ₹828 crore, NII grows 48% but provisions rise sharply
• ITC profit rises 24% YoY to ₹4,670.32 crore; revenue up 25.35% to ₹18,608 crore in Q2.
• Kotak Mahindra Bank Q2 Profit jumps 27% YoY to ₹2,580 crore, NII rises 26%.
• HUL Q2 net profit rises 22.2% YoY to ₹2,670 crore; revenue up 16.4% at ₹15,253 crore.
• ICICI Bank Q2 profit surges 37% to ₹7,558 crore, NII grew 24% YoY to ₹11,765 crore.
• Maruti Suzuki Profit soars 4x YoY to ₹2,062 crore, posts highest-ever sales revenue of ₹28,545 crore in Q2.
• Flipkart’s loss widens 51% to ₹4,362 crore in FY22, records 31% YoY jump in revenues to ₹10,659 crore.
• Dr Reddy’s Q2 Profit jumps 12% YoY to ₹1,114 crore; revenue rises 9.4% to ₹6,332 crore.

General News

• SCO Summit: PM Modi calls for reliable supply chain to foster economic recovery.
• World leaders deliberate on regional security situation, enhancing trade and connectivity at SCO Summit.
• Jaishankar Iterates India’s global efforts, censures neighbours for shielding terrorists at UNGA.
• India, UAE and France hold first trilateral ministerial meeting on the sidelines of a UNGA session.
• QUAD nations vow to assist each other in acting against malicious cyber activities. PM Modi and
  Bangladesh PM Sheikh Hasina jointly unveil Unit-I of Maitree Super Thermal Power Project.
• S Jaishankar and Rajnath Singh attend 2nd India-Japan 2+2 ministerial dialogue in Tokyo.
• India, UAE sign MoU to set up cultural forum to strengthen ties between two countries.
• S Jaishankar meets Saudi Crown Prince Mohammed bin Salman in Jeddah, apprises him of bilateral ties.
• India signs MoU with Gulf Cooperation Council to facilitate consultation.
• Jaishankar, LIoyd Austin discuss opportunities for bilateral defence industrial cooperation.
• India, France agree to expand cooperation on Indo-Pacific body.
• Lt Gen Anil Chauhan(retd) appointed as new Chief of Defence Staff.
• India and China hold talks in eastern Ladakh, focusing on maintaining security and stability in the region.
• Defence ministry inks ₹1,700 crore deal for additional BrahMos missiles for frontline warships.
• Army installs radar at 15,000 feet in North Sikkim to predict avalanche.
• Indian Army contingent participates in Ex Vostok-2022 in Russia.
• India and Egypt sign MoU in defence, focus on co-production of military platforms.
• PM Modi inaugurates Kartavya Path, formerly called Rajpath; unveils Netaji’s 28ft statue.
• Amit Shah virtually inaugurates, lays foundation stone for various projects worth ₹1,200 crore in Gujarat.
• ISRO demonstrates new tech that can be used for Mars, Venus missions.
• Rahul Gandhi, Congress leaders embark on 3,570 km ‘Bharat Jodo Yatra’ from Kanyakumari till Kashmir.
• AICC Chief polls: Mallikarjun Kharge, Shashi Tharoor, K N Tripathi file nominations.
• Ghulam Nabi Azad floats own party; People of J&K to decide name and flag of the party.
• Amarinder Singh’s party Punjab Lok Congress merges with BJP.
• Former Goa Chief Minister Digambar Kamat and 7 other Congress MLAs to join BJP.
• 5 of 6 MLAs from Nitish Kumar’s JDU in Manipur merge with BJP.
• Centre, Assam ink peace pact with 8 tribal militant groups.
• Cabinet approves MoU signing between India, UAE on cooperation in education sector.
• India’s total COVID cases at 4.46 crore; worldwide cases at 61.7 crore.
• Govt launches national list of essential medicines; contains 384 medicines.
• National Medical Commission lists 3 universities for temporary relocation of Indian students from Ukraine.
• India’s first indigenously developed vaccine ‘Cervavac’ for cervical cancer prevention launched.
• Tamil Nadu govt rolls out Delhi model school plan; CM Arvind Kejriwal launches scheme.
• Tamil Nadu CM Stalin inaugurates free breakfast scheme for primary school students.
• Karnataka government releases ₹ 300 crore to manage the flood situation in Bengaluru.
• PM Modi launches Cheetah Rehab Project; releases 8 Namibian cheetahs at MP’s Kuno National Park.
• Delhi bans firecrackers till January 01; online delivery, sale restricted.
• Senior Advocate R Venkatramani appointed as the next Attorney General for India.
• Govt appoints Ratan Tata, Sudha Murthy, 4 others as new trustees, advisors of PM CARES fund.
• Supreme Court of India starts live streaming of its Constitution bench proceedings.
• Gujarati film ‘Chhello Show’ becomes India’s official entry for Oscars 2023.
• Queen Elizabeth II, UK’s longest-serving monarch passes away at 96 after reigning for 70 years.
• Prince Charles becomes king; Camilla becomes UK Queen Consort, without sovereign’s powers.
• Liz Truss beats Rishi Sunak in Tory leadership race to be new UK PM.
• Pakistan floods’ death toll nears 1,500; estimated economic loss may cross $40 billion.

World Bank pledges $2 billion in aid to flood-hit Pakistan.

• Ukraine pushes major counter-offensive as war with Russia crosses 200 days.
• UN nuclear experts make first inspection of Russian-held Zaporizhzhia power plant in Ukraine.
• EU chief von der Leyen visits Kyiv to discuss economy and EU integration plans.
• Antony Blinken, in Kyiv, unveils $2 billion in US military aid for Europe.
• Putin mobilizes more troops for Ukraine war, threatens nuclear retaliation over Russian-occupied land.
• Russia, China agree to expand defence ties.
• US approves $450 million F-16 fleet sustainment plan to Pakistan to meet counterterrorism threats.
• US President Biden announces launch of annual COVID vaccines for 12+ age group.
• Iranian President Ebrahim Raisi says sanctions must be lifted to reach nuclear deal.
• Sri Lanka`s former President Gotabaya Rajapaksa returns two months after fleeing country.
• Giorgia Meloni becomes Italy’s first ever woman Prime Minister.
• PM Modi declares 36th National Games open in Ahmedabad.
• ICC announces changes in cricket’s playing conditions, using saliva to polish ball permanently prohibited.
• Asia Cup 2022: Sri Lanka beat Pakistan by 23 runs to win their sixth title.
• Suresh Raina, Robin Uthappa, Australia captain Aaron Finch announce their retirements.
• IND vs AUS T20I: India win series 2-1, register maiden T20I series win over Australia at home.
• IND-W vs ENG-W: IND-W win ODI series 3-0; ENG-W win T20I series 2-1.
• IND vs SA T20I: India lead the series 1-0.
• PAK vs ENG T20I: 7 match series tied at 3-3; final match to decide winner .
• Neeraj Chopra creates history, wins Diamond League Final with 88.44m throw.
• World Wrestling Championship 2022: Vinesh Phogat grabs Bronze.
• Bajrang Punia becomes 1st Indian to win 4 medals at world wrestling championships, claims bronze.
• US Open: World No 1 Iga Swiatek becomes first Polish woman to win title.
• Carlos Alcaraz win maiden Grand Slam crown; becomes youngest World No. 1 in men’s tennis.
• Roger Federer announces retirement from professional tennis.

Business News

• PM launches National Logistics Policy; aims to bring cost to single-digit.
• Government approves 23 strategic projects under National Technical Textiles Mission.
• Centre releases ₹7,183 crore as revenue deficit grant to 14 states.
• GST collection up 28% in August; above ₹1.4 lakh crore for 6th straight month.
• Govt revises small companies’ definition; doubles paid-up capital limit to ₹4 crore.
• Govt to integrate 30 systems from different ministries for faster, cheaper services.
• Govt extends tenure of the Foreign Trade Policy 2015-20 by 6 months till March 2023.
• India overtakes UK to become world’s fifth largest economy.
• India bans export of broken rice, imposes 20% duty on non-Basmati rice, amid Drought in 4 states.
• Nitin Gadkari inaugurates, lays foundation stone of 7 NH projects costing over ₹1,128 crore in Gwalior.
• Centre extends deadline for mandatory six airbags in cars to Oct 1, 2023.
• Cabinet approves 2nd tranche of ₹19,500 crore of PLI scheme to boost manufacturing of solar modules.
• Karnataka signs ₹1.3-lakh crore investment MoUs in renewable energy.
• Govt reduces windfall tax on crude oil from ₹13,000 to ₹10,500 per tonne.
• Jet fuel price cut by 12%, Commercial LPG cylinder price reduced by ₹91.50.
• Andhra Pradesh okays six green energy projects worth ₹81,000 crore.
• Indian railways develops real-time train tracking system in collaboration with ISRO.
• President Murmu inaugurates Integrated Cryogenic Engines Manufacturing Facility of HAL in Bengaluru.
• Railways creates history by operating 2.7-km long freight train ‘Pinaka’ by combining four trains.

I&B Ministry releases operational guidelines for DTH service provider.

• Cinema halls return to Jammu & Kashmir valley after 30 years.
• J&K L-G Manoj Sinha inaugurates and lays foundation stone of 14 projects of Jammu Smart City.
• Maharashtra FDA cancels Johnson & Johnson’s baby powder manufacturing license.
• IBBI amends Insolvency and Bankruptcy Code; permits bankrupt companies to be split.
• RBI hikes Repo rate by 50 bps to 5.9%, fourth rate hike in the current financial year
• RBI retains inflation forecast at 6.7% for FY23; FY23 GDP forecast cut to 7%.
• RBI enables cross-border bill payments via Bharat Bill Payment System (BBPS).
• HDFC Bank issues India’s first Electronic Bank Guarantee (e-BG).
• Tamilnad Mercantile Bank debuts with 3% discount at ₹495.
• Sri Lanka reaches initial IMF deal for $2.9 billion loan.
• US Fed raises interest rates 75 basis points for 3rd straight time.
• Bank of England hikes by 50 basis points, says UK may already be in recession.
• Euro plunges to 20-year low after Russian gas halt.
• Japanese Yen weakens to ¥143 zone against U.S. dollar in new 24-year low.
• Samsung, Intel showcase world’s first 17-inch ‘slidable’ display for PC.
• Intel unveils 13th gen Raptor Lake processors with up to 24 cores.
• Nokia Collaborates with TCS for new cloud-based human capital management process.
• Biden administration releases plan for $50 billion investment in chips.
• Intel kicks off work on $20 billion semiconductor plant in US.
• Vedanta, Foxconn to invest $19.5 billion in India’s Gujarat for chip project.
• Finance Ministry okays converting Vodafone Idea’s ₹16,100 crore dues to govt equity.
• Government makes IMEI number registration must for every handset.
• Apple starts production of iPhone 14 at Foxconn’s plant near Chennai.
• Rajasthan govt comes up with e-vehicle policy; sanctions ₹40 crore for e-vehicle purchase grant.
• BMW agrees to set up auto parts manufacturing plant in Punjab.
• Hero Electric to set up ₹1,200 crore EV manufacturing plant in Rajasthan.
• Ashok Leyland inks pact with UK-based Libertine for powertrain technology.
• BPCL signs pact with Brazil’s Petrobras to diversify crude oil sourcing.
• Russia’s Gazprom signs gas deal with China to convert payments to ruble, yuan.
• Germany takes subsidiary of Russian oil giant Rosneft under state control.
• Government kickstarts sale process of 2 subsidiaries of erstwhile national carrier Air India.
• DGCA mandates Breath analyser test for all pilots, cabin crew from 15 October.
• Chandigarh airport officially named as Shaheed Bhagat Singh International airport.
• Boeing to pay $200 million to settle SEC probe over 737 Max jetliner.
• India’s first intranasal COVID vaccine by Bharat Biotech gets DCGI approval.
• Serum Institute of India inks with Aspen to sell four vaccines in Africa.
• PepsiCo to invest ₹3,740 crore to set up four industrial units in UP.
• Twitter shareholders approve Elon Musk’s $44 billion takeover deal.
• TerraPay, NPCI collaborate for merchant payments via UPI-enabled QR codes.
• Infibeam Avenues consolidates business in 4 countries with its flagship brand CCAvenue.
• Skill India partners with Samsung to train Indian youth in AI, IoT, BigData, Coding.
• Online education platform upGrad acquires Centum Learning to upskill enterprise workforce.
• Tamil Nadu cabinet approves ordinance to ban online gaming in the state.
• Amazon, Flipkart kickstart their festive season sale.
• Former Tata Sons Chairman Cyrus Mistry dies in car crash near Mumbai.
• Krishnan Sankarasubramaniam takes over as Tamilnad Mercantile Bank MD & CEO.
• Gautam Adani appointed chairman of Ambuja Cements; son Karan to head ACC