Category Archives: Economy Snapshot

General News

• Jagdeep Dhankhar elected 14th vice president of India; highest poll-victory margin since 1997.
• Monsoon session: Parliament adjourned sine die 4 days ahead of schedule, 5 Bills passed by both Houses.
• Productivity of Lok Sabha was approximately 48% and that of Rajya Sabha was approximately 44%.
• Justice Uday Umesh Lalit took oath as the 49th Chief Justice of India.
• Government launches ‘Har Ghar Tiranga’ campaign amidst celebrations of 75th Independence day.
• Made-in-India gun used for 1st time for ceremonial salute at Red Fort on Independence Day.
• 107 Gallantry awards announced for Armed Forces and CAPF personnel.
• PM Modi, French President Macron discuss Ukraine conflict and its destabilizing consequences for world.
• Ajit Doval meets Russian counterpart Nikolai Patrushev; discuss bilateral, regional and global issues.
• India, Thailand review defence, trade ties as Jaishankar visits Bangkok.
• Maldives President Ibrahim Solih reaffirms ‘India-First’ policy during his visit, signs 6 agreements.
• S Jaishankar meets US Secretary of State Antony Blinken on sidelines of ASEAN Ministerial Conference.
• S Jaishankar embarks on a 3-nation visit to South America.
• Rajnath Singh attends SCO Defence Ministers’ meeting at Tashkent, Uzbekistan.
• Army Chief meets Bhutan King in Thimphu; focus on further boosting enduring strategic ties.
• Dharmendra Pradhan on 4-day visit to Australia to strengthen Indo-Australian ties.
• BJP rejigs Parliamentary board: B S Yediyurappa included, drops Nitin Gadkari, Shivraj Singh Chouhan.
• Ghulam Nabi Azad quits from Congress party positions, including primary membership.
• Rajnath Singh hands over multiple indigenous weapons to the Army to boost combat capability in Ladakh.
• India holds talks with China over airspace breach along LAC in Ladakh.
• India, Bangladesh hold defence talks in New Delhi; agree to elevate military engagements.
• Government allows defence forces to buy emergency weapons through Make in India route.
• DRDO and Indian Navy test fire indigenous Vertical Launch Short Range surface-to-air missile.
• IAF terminate services of three IAF Officers for accidentally firing of BrahMos missile into Pakistan.
• Goa 1st state to become ‘Har Ghar Jal’ certified; Dadra & Nagar Haveli and Daman & Diu 1st UT.
• Maharashtra Cabinet expansion: CM Eknath Shinde gets 18 new ministers; 9 from BJP receive berths.
• Nitish Kumar sworn in as Bihar CM for 8th time, Tejashwi his deputy after JD(U)’s ends alliance with BJP.
• Delhi CM Arvind Kejriwal launches ‘India’s first virtual school’ for students from across the country.
• Assam, Meghalaya agree to set up 3 regional committees to resolve border disputes in 6 sites.
• Panel probing Jayalalithaa’s death submits report to Tamil Nadu government.
• Jammu and Kashmir parties oppose allowing non-locals to vote in Assembly polls.
• Shiv Sena MP Sanjay Raut arrested by ED in Patra Chawl scam case.
• CBI lists Delhi Deputy CM Sisodia among 15 accused in FIR on alleged liquor excise scam.
• West Bengal SSC scam case: Custody of Partha Chatterjee, Arpita Mukherjee extended till August 31.
• India successfully test fires laser-guided anti-tank guided missiles in Maharashtra’s Ahmednagar.
• India’s total COVID – 19 cases at 4.44 crore; 69.2% of population fully vaccinated.
• Govt panel recommends Corbevax as booster for adults vaccinated with Covishield, Covaxin.
• Lumpy skin disease in cattle spreads to over 9 states and UTs; 35,000 animals dead so far.
• China relaxes visa ban for stranded Indian students after over two years delay.
• World’s highest railway bridge ‘Golden joint’ launched on Chenab in J&K.
• Monsoon triggers flashfloods in most states; northern and eastern parts of the country worst affected.
• First grain shipment leaves Ukraine after months of Russian blockade.
• Russia, Ukraine accuse each other of shelling at Zaporizhzhia nuclear plant.
• Western countries pledge $1.55 billion in military aid to Ukraine.
• Turkey’s Erdogan and the UN Chief met in Ukraine with President Zelenskyy in a bid to halt the conflict.
• US gives $3 billion in military aid as Ukraine; announces $775 million arms package.
• Ukraine’s Zelensky hosts forum of world leaders to rally support for the return of the Crimean Peninsula.
• Nancy Pelosi meets Taiwan’s President Tsai Ing-wen; meets leaders in South Korea.
• US, South Korea, Japan hold missile defense exercise with eye on North Korea, China.
• Taiwan unveils record defence budget of more than $19 billion amid tensions with China.
• US kills al Qaeda leader Ayman al-Zawahiri in drone strike in Afghanistan.
• Anti-govt protests that led to ouster of Rajapaksa family in Sri Lanka end after 123 days.
• Sri Lankan President present interim budget with major relief measures, talks with IMF in final stage.
• Lanka’s Supreme Court extends overseas travel ban on Mahinda and Basil Rajapaksa till Sept 5.
• Last Soviet leader Mikhail Gorbachev, who ended Cold War, dies aged 91.
• Myanmar military extends emergency rule until 2023.
• Monkeypox infections rise to over 49,900 cases, 15 deaths: WHO.
• Commonwealth Games 2022: India finish 4th with 61 medals comprising 22 gold, 16 silver and 23 bronze.
• 44th Chess Olympiad 2022: India ‘B’ team wins bronze in Open section; India ‘A’ women also finish third.
• R Praggnanandhaa beats World no.1 Magnus Carlsen again but loses top prize in FTX Crypto Cup.
• India win 5-match T20I series against West Indies by 4-1; clinches 3-match ODI series against Zimbabwe
• Asia Cup 2022: Afghanistan and India qualify for Super 4.
• ICC Men’s ODI Rankings: New Zealand top the chart while India remain on Third, Pakistan at Fourth.
• Virat Kohli becomes 1st Indian to play 100 Matches in each format.
• FIFA lifts ban on AIFF, India all set to host U-17 Women’s World Cup in October.
• Manisha Kalyan becomes first Indian footballer to play in UEFA Champions League.

Business News

• GST e-invoice to be mandatory for firms with turnover of ₹10 crore from October 1
• Govt releases 5th instalment of revenue deficit grant of ₹7,183 crore to 14 states.
• Centre approves continuation of Pradhan Mantri Awas Yojana-Urban up to Dec 2024.
• Govt launches 2nd phase of Grameen Udyami Project to promote entrepreneurship amongst tribal youth.
• Govt exempts excise duty on ATF purchases by Indian carriers for overseas flights.
• ITR filing AY 2022-23: No last date extension, more than 5.8 crore ITRs filed till July 31.
• Union Minister Nitin Gadkari inaugurates ₹23,000 crore road projects in MP.
• Govt imposes restrictions on wheat flour exports to ensure food security.
• PM Modi’s Economic Advisory Council releases ‘Roadmap for India@100’.
• Maharashtra Cabinet approves more than ₹10,000 crore rise in cost of Mumbai Metro Line 3.
• Odisha government approves 11 investment proposals worth ₹2,253.15 crore to create employment.
• ATF price cut by steep 12%; commercial LPG reduced by ₹36.
• Centre slashes Windfall Tax on petroleum crude, reintroduces levy on ATF, increase levy on diesel exports.
• Price cap on domestic flight tickets removed; airlines to decide fares from today.
• RBI hikes repo rates by 50 bps to 5.40%, highest since 2019; retains FY23 inflation projection at 6.7%.
• HDFC files application with NCLT for merger of HDFC Investments, HDFC Holdings with HDFC Bank.
• Uni Cards suspends existing services, cites recent RBI norms on digital lending.
• RBI lifts restrictions on American Express; permits onboarding new customers on its card network.
• Abu Dhabi Investment Authority invests ₹655 crore in Aditya Birla Health Insurance for 10% stake.
• India’s first 5G spectrum auction ends, Govt nets ₹1,50,173 lakh crore.
• Airtel inks pacts with Ericsson, Nokia, Samsung for 5G services rollout.
• Bharti Airtel pays ₹8,312.4 crore to DoT, clears 4-year instalment in advance.
• Reliance announces partnership with Qualcomm to develop digital infrastructure.
• Microsoft joins Govt’s Open Network for Digital Commerce to launch social e-commerce in Indian market.
• Govt allows retro-fitment of CNG and LPG kits in BS-VI compliant vehicles.
• India’s first Hydrogen fuel cell bus unveiled; only effluent from bus to be water
• Tata Motors electric subsidiary buys Ford’s Sanand plant for ₹725 crore.
• Mahindra unveils five electric SUVs to fast-track EV shift.
• Suzuki Motor kick starts construction of EV battery manufacturing facility in Gujarat.
• Ola debuts its first EV car on Independence Day; to have more than 500 kms range, 0 to 100 in 4 seconds.
• Switch Mobility unveils country’s first electric double-decker air-conditioned bus.
• McLaren to enter Indian market later this year, partners Infinity Cars.
• Civil Aviation Ministry lifts price caps on air fare from August 31.
• Aviation Ministry exempts Boeing 787 aircraft from GAGAN compliance till 2025.
• India’s new Akasa Air commences operations, first flight starts on Mumbai-Ahmedabad route.
• Air India to allow pilots to fly till 65 years amid expansion of fleet size.
• SpiceJet enters full and final settlement with AAI, clears all outstanding principal dues.
• India buys discounted Venezuelan petcoke to replace coal
• Assam Khagorijan oil field resumes operations after nearly 15 years.
• Godrej Agrovet signs MoUs with Assam Manipur and Tripura state govts for oil palm cultivation.
• Adani steps into NDTV with 29%, to launch open offer for 26% more.
• Road, shipping, rail ministry arms sign agreement to develop Multi Modal Logistics Parks.
• Future Retail receives claims worth ₹21,000 crore from 33 financial creditors.
• Adani makes ₹31,000 crore open offer to buy 26% stake in ACC, Ambuja Cements.
• Noida Supertech towers brought down in the biggest demolition of its kind in the country.
• ICMR shortlists 29 companies for monkeypox vaccine, kits.
• Bharat Biotech completes trials for India’s first intranasal COCID vaccine.
• Dolo-650 makers spent ₹1,000 crore on doctors for prescribing drug’: SC asks Centre to file a reply.
• Corbevax approved as booster dose for adults jabbed with Covishield, Covaxin.
• India, UK end fifth round of FTA talks, deal likely to double bilateral trade to $100 billion by 2030.
• US-Taiwan trade talks kick off in long-planned counter to China.
• Hong Kong slips into recession as COVID measures weigh on economic activity in Q2.
• India extends $100 million line of credit to Maldives; Greater Male connectivity projects launched.
• China hits Taiwan with trade restrictions after Pelosi’s visit.
• At 10.1%, UK inflation hits double digits for the first time in 40 years.
• India achieves landmark milestone with over 75,000 start-ups recognised so far.
• Microsoft partners with MSDE and CBC to provide digital literacy training to 2.5 million civil servants.
• Samsung heir Lee Jae-yong granted special presidential pardon.
• Johnson & Johnson drops talcum baby-powder globally as lawsuits mount.
• PhonePe, Tally, NSDL get RBI’s in-principle nod to operate as account aggregators.
• Apple suppliers to make Apple Watch and MacBook in Vietnam.
• Amazon acquires Roomba-maker iRobot Corp for about $1.7 billion.
• Revenue Secretary Tarun Bajaj gets additional charge of Corporate Affairs Secretary.
• Paytm shareholders approve Vijay Shekhar Sharma’s reappointment as MD for five years.
• Billionaire investor and Akasa air owner Rakesh Jhunjhunwala passes away.

Q1 Results

• SBI Q1 net profit down 6.7% at ₹6,068 crore; NII rose 12.87% YoY to ₹31,196 crore.
• ITC Q1 Consolidated net profit zooms 34% to ₹4,390 crore, revenue up 39% to ₹19,831.27 crore.
• M&M Q1 net profit rises 67%, YoY to ₹1,430 crore, revenue increased by 67% to ₹19,613 crore.
• Bharti Airtel Q1 profit zooms 467% YoY to ₹1,607 crore, revenue rose 22.2% to ₹32,805 crore.
• LIC Q1 net profit climbs 232 times to ₹683 crore, net premium income jumps over 20% to ₹98,352 crore.
• Hero MotoCorp Q1 profit surges 71% YoY to ₹625 crore; revenue rises 53% to ₹8,393 crore.

General News

• Droupadi Murmu elected as 15th President of India; wins presidential elections with 64% votes.
• Vice President: NDA picks ex-Bengal Governor Jagdeep Dhankhar; Opposition picks Margaret Alva.
• Monsoon session of Parliament commenced on July 18 to continue till August 12.
• Union ministers Mukhtar Abbas Naqvi, RCP Singh quit as Rajya Sabha terms end.
• Smriti Irani gets additional charge of Minority Affairs; Scindia assigned Steel Ministry.
• PT Usha, Ilaiyaraaja, V Vijayendra Prasad, and Veerendra Heggade nominated to Rajya Sabha.
• Both Houses of Parliament witness frequent disruptions following Opposition uproar on different issues.
• Aerospace major Safran group to set up $150-million overhaul, repair facility in Hyderabad.
• NSA Ajit Doval meets his UK counterpart, discuss regional security, cooperation in defence sector.
• Indian Army, Navy begin recruitment under Agnipath scheme: Navy to induct around 20% women.
• India’s first Indigenous Aircraft Carrier ‘Vikrant’ handed over to Indian Navy.
• Jaishankar meets Chinese Foreign Minister Wang Yi and Russian Foreign Minister Lavrov in Bali.
• COVID Vaccination Amrit Mahotsava: Free COVID booster drive for adults aged 18-75 years launched.
• India’s total COVID – 19 cases at 4.4 crore; 68.5% of population fully vaccinated.
• Centre issues guidelines for Monkeypox patients; invites bid to develop vaccine.
• Maharashtra CM Eknath Shinde wins trust vote with 164 votes.
• Odisha govt hikes sports budget to ₹911 crore to amp up infrastructure.
• AIADMK general council expels O Panneerselvam; Palaniswami made party’s interim general secretary.
• Sonia Gandhi appears before ED for questioning in National Herald case.
• ED arrests West Bengal Minister Partha Chatterjee in teacher recruitment scam in the state.
• Assam, Arunachal Pradesh sign pact aiming to solve border dispute.
• India, UK ink pact for mutual recognition of educational degrees.
• NIRF India Rankings 2022: IIT Madras top institute in India, IISc Bengaluru top university.
• CBSE result 2022: Pass percentage recorded at 94.4% for Class 10 and 92.71% for Class 12.
• Monsoon covers entire country six days ahead of its normal schedule.
• 68th National Film Awards announced; Suriya, Ajay Devgn share Best Actor award.
• Russia moves towards complete liberation of Ukraine’s easter region of Donetsk and Luhansk.
• Ukraine and Russia sign UN-backed deal to restart grain exports to world markets.
• Ukrainian President Zelenskyy sacks top security chief and prosecutor citing treason.
• US commits approximately $8.2 billion in security assistance to Ukraine under President Joe Biden.
• Biden speaks with China’s Xi amid tensions with Taiwan; agree to hold a face-to-face summit.
• US, Israel sign joint pledge on denying nuclear weapon to Iran.
• Boris Johnson quit as Prime Minister after unprecedented exodus of ministers.
• Rishi Sunak and Liz Truss reach final two in race to become next UK Prime Minister.
• European Union approves fresh aid of €1 billion for Ukraine.
• Japan’s former PM Shinzo Abe assassinated at campaign event
• Italian PM Mario Draghi quits; Yair Lapid takes over as 14th Prime Minister.
• Saudi Arabia, US agree to strengthen cooperation in tech, science.
• Sri Lankan President Gotabaya Rajapaksa flees the country; Ranil Wickremesinghe elected new President.
• Dinesh Gunawardena takes oath as Sri Lanka’s new Prime Minister.
• Sri Lanka’s parliament extends state of emergency till August 14.
• French President Macron and UAE President Al Nahyan sign deal on energy cooperation.
• WHO Chief warns against COVID-19 infections surge; declares monkeypox a global emergency.
• Global COVID caseload rises to 57.7 crore, fatalities at 64 lakh.
• China’s Wuhan locks down 1 million residents.
• US-China top diplomats reach consensus on not seeking new ‘Cold War’ on sidelines of G20 summit.
  Economy / Market Snapshot – July 2022
• Hong Kong marks 25th handover anniversary; China’s Xi swears in John Lee as new Hong Kong leader.
• ISSF Shooting World Cup: India tops medal tally with 15 medals, including 5 gold, 6 silver and 4 bronze.
• World Athletics Championships 2022: Neeraj Chopra becomes first Indian ever to win silver.
• IND – ENG Test series drawn; Bumrah breaks Lara’s world record, smashes 35 runs in 1 over in Test cricket.
• India win T20 and ODI series 2-1 against England; India clean sweep ODI series in West Indies.
• Rohit Sharma becomes first captain to record 13 successive T20I wins.
• Harmanpreet Kaur to lead 15-member Indian women’s cricket squad in Commonwealth Games.
• ICC ODI Rankings: India remain at third place in ODI ; India slumps to fifth in Test rankings.
• India to host 2025 Women’s ODI World Cup; Lord’s to host World Test Championship Finals in 2023, 2025.
• Singapore Open : PV Sindhu beats Asian Champion Wang Zhi Yi to claim her maiden Super 500 title.
• PM Modi declares open 44th Chess Olympiad, says must encourage sporting talent.
• Commonwealth Games 2022 kicks-off in Birmingham; PV Sindhu, Manpreet Singh lead Indian contingent.
• Wimbledon: Djokovic wins 7th title & 21st Grand Slam; Kazakh’s Elena Rybakina wins women’s title.

Business News

• Govt notifies procedural changes in GST rules to ease compliance burden on small players.
• GST e-invoices for B2B transactions to be mandatory for companies with over ₹5 crore annual turnover.
• 5% GST on all pre-packed, labelled food items and hospital rooms costing more over ₹5,000
• Govt cuts windfall tax on petrol, diesel exports; excise on crude oil cut to ₹17,000 per tonne.
• Govt exempts excise duty on ATF purchases by Indian carriers for overseas flights.
• Govt forms panel to make ‘more effective and transparent’ MSP.
• Government launches scheme for pharma sector to step up capacity, upgrade to global standards.
• Govt cuts base import prices of gold, silver, edible oil amid easing commodity prices.
• Exports of agricultural and processed food products rise by 14% in first three months of FY23.
• Centre relaxes FCRA rules, allows relatives living abroad to send up to ₹10 lakh without disclosing it.
• India Manufacturing PMI falls to 53.9 in June; services sector PMI hits 11-year high in June.
• Domestic LPG cylinder’s prices increased by ₹50/cylinder.
• UAE, US to invest $2.3 billion in India under the framework of I2U2.
• 5G spectrum auction opens: Jio, Airtel, Vi, Adani Data Networks in the fray.
• PM Modi inaugurates Jharkhand’s 2nd airport in Deoghar; unveils projects over ₹16,000 crore.
• Jyotiraditya Scindia announces 14 new air routes, three more airports for Jharkhand.
• DGCA orders SpiceJet to operate 50% of approved flights for 8 weeks following multiple snags.
• Defence Ministry approves HDFC, ICICI, and Axis to provide financial services in overseas procurement.
• PM Modi launches India’s first international gold exchange.
• Govt appoints 29 members in Board of Trade, to be chaired by the commerce and industry minister.
• FY22 ITR filing: Over 68 lakh returns filed till 11 pm on last day, July 31.
• RBI allows settlement in rupee to settle trade with Russia, Sri Lanka.
• RBI, Bank Indonesia sign MoU in Bali to expand cooperation in payment systems.
• Card tokenisation: RBI allows acquiring banks to store card details until January 31.
• IRDAI and NHA to develop National Health Claims Exchange to settle claims.
• Delhi Shopping Festival: CM Arvind Kejriwal announces India’s biggest shopping festival in 2023.
• Nepal exports over 3000 sacks of cement to India for first time.
• IMF reaches deal with Pakistan to revive $6 billion bailout.
• Eurozone inflation rises to 8.6%, the highest ever; Euro hits parity with US dollar for first time in 20 years.
• UK inflation hits new 40-year high of 9.4% as cost-of-living crisis deepens.
• Sri Lanka introduces fuel pass for orderly distribution.
• China, Hong Kong to launch rate ‘Swap Connect’ in boost to financial integration.
  Economy / Market Snapshot – July 2022
• UK signs its first data sharing deal post-Brexit, with South Korea.
• India, China buy Russian oil and gas worth $24 billion in 3 months.
• Russia cuts gas through Nord Stream 1 to 20% of capacity, Germany dubs a political move.
• Tata Steel and BHP ink pact to develop low carbon steelmaking technologies.
• VIL shareholders approve ₹436 crore equity allocation to its promoter Vodafone Group.
• UP govt ropes in Deloitte to make state $1 trillion economy.
• TCS launches its 5th global research and innovation centre in Toronto.
• Infosys to acquire Denmark-based BASE life science for €110 million.
• Wipro steps up investments in metaverse, web3, robotics and other emerging areas.
• Agnikul Cosmos opens India’s first private rocket engine factory in Chennai.
• Centre sends show cause notice to Ola Electric, Okinawa, others on EV fires.
• Delhi govt’s draft policy mandates all-electric fleet for cabs, food delivery firms by April 2030.
• GM calls off plan to sell India car plant to China’s Great Wall.
• Ford’s last made-in-India car White EcoSport rolls out from Chennai plant.
• BMW to co-develop high-end e-bikes with TVS Motor for global markets.
• Ola unveils India’s first indigenously made lithium ion-cell.
• Hindalco, Indian Oil and Israel’s Phinergy join hands to make aluminum-air batteries.
• Akasa Air Airlines gets Air Operator Certificate from DGCA; to offer 56 weekly flights starting Aug 7.
• SII gets govt nod to export 32.4 lakh doses of Covovax vaccine to US.
• Meta to shut down its crypto wallet Novi by September.
• Pine Labs, Razorpay, Stripe become first to bag RBI’s payment aggregator licences.
• Google, MapMyIndia announce 3D maps for Indian cities.
• Elon Musk terminates $44 billion Twitter deal; Twitter urges shareholders to approve sale to Musk .
• Parameswaran Iyer takes over as new Chief Executive Officer of NITI Aayog.
• Ashish kumar Chauhan quits as BSE chief to join NSE as MD & CEO.
• Ola Electric’s head of charging network quits; 32nd resignation since 2020.

Q1 Results

• TCS Q1 profit jumps 5% YoY to ₹9,478 crore, revenue up 17% ₹52,758 crore, announces dividend ₹8/share.
• HCL Tech Q1 net falls 8.6% sequentially to ₹3,283 crore, declares dividend of ₹10.
• Wipro Q1 Profit falls 21% YoY to ₹2,563 crore, revenue rose 17.9% to ₹21,528 crore.
• Infosys Q1 profit up 3.2% YoY to ₹5,360 crore; revenue grew 23.6% to ₹34,470 crore.
• Tech Mahindra Q1 Profit slides 16% YoY to ₹1,132 crore; revenue up 25% to ₹12,708 crore.
• HDFC bank’s net profit up by 19% YoY at ₹9,196 crore; NII grows 14.5% to ₹19,481.4 crore.
• Kotak Mahindra Bank Q1 profit up 26% at ₹2,071 crore on lower provisions, NII grew 19% to ₹4,697 crore.
• YES Bank Q1 profit jumps 50% to ₹311 crore, NII rose 32% YoY to ₹1,850 crore.
• ICICI Bank Q1 profit rises 50% YoY to ₹6,905 crore, NII rose 21% to ₹13,210 crore.
• Axis Bank Q1 net shoots up 91% YoY to ₹4,125 crore, NII rose 21% YoY to ₹9,384 crore.
• Maruti Q1 Profit up 130% YoY at ₹1012.8 crore, revenue up 49% at ₹26,499.8 crore.
• Tata Motors Q1 loss widens to ₹5,007 crore; revenue jumps 8.32% YoY to ₹71,934.66 crore.
• Ashok Leyland posts net profit of ₹96 crore in Q1; revenue more than doubles to ₹7,223 crore.
• Bajaj Auto Q1 profit dips marginally to ₹1,163 crore, total revenue rises to ₹8,005 crore.
• TVS Motor Q1 PAT rises by 506% YoY to ₹321 crore; operating revenue up by 56% to ₹7,315.70 crore.
• HUL’s net profit at 14% YoY at ₹2,391 crore; total income up 20% at ₹14,757 crore.
• RIL Q1 profit soars 46% YoY to ₹17,955 crore; revenue jumps 54.5% to ₹2,23,113 crore.
• Sun Pharma Q1 profit surges 43% YoY to ₹2,061 crore, revenue grew 10.73% YoY to ₹10,761.76 crore.
• Biocon Q1 profit rises 71% to ₹144 crore, revenue up 23% to ₹2,217 crore.

General News

• President Election 2022: BJP picks former Jharkhand Governor Draupadi Murmu; Opposition picks
  Yashwant Sinha; Voting to be held on July 18.
• Rajya Sabha polls: BJP registers win in Haryana, Karnataka, and Maharashtra. Congress retains Rajasthan.
• Agnipath: Centre to hire youth on a 4-year contractual basis for tri-services.
• Protests erupt against ‘Agnipath’ scheme in many states; highways blocked; rail traffic disrupted.
• G7 and its 5 partner countries, including India, pledge to protect free speech; PM Modi attends summit.
• PM Modi meets UAE President Sheikh Mohamed; leaders reaffirm commitment to deepen partnership.
• Vice President Venkaiah Naidu holds delegation level talks with top leadership of Gabon, Senegal & Qatar
• Israel Defence Minister Benjamin Gantz reviews defence cooperation with PM Modi, Rajnath.
• India, Vietnam ink military logistics support pact and vision document to expand defence ties.
• Iranian Foreign Minister meets PM Modi, Jaishankar; talks focus on bilateral ties, connectivity.
• India hosts 2-day special ASEAN-foreign ministers meet in Delhi.
• 16th ASEAN defence ministers meet: Defence ministers agree to strengthen regional cooperation.
• BRICS leaders show commitment to respect sovereignty, territorial integrity.
• S Jaishankar holds discussion with Austrian and Spanish counterparts and Mauritius PM.
• PM Modi chairs first National Conference of Chief Secretaries.
• PM inaugurates projects worth over ₹3,000 crore in Gujarat.
• India’s total COVID – 19 cases at 4.35 crore, death toll at 5.25 lakh; 67.2% fully vaccinated.
• Health Ministry launches 2-month long COVID-19 vaccination drive Har Ghar Dastak 2.0 campaign.
• Govt issues guidelines on monkeypox stress on surveillance, rapid identification, isolation.
• Govt issues notification to link voter list with Aadhaar, makes electoral law gender neutral.
• Uttarakhand Chief Minister Pushkar Dhami wins crucial Champawat bypoll, remains CM.
• Eknath Shinde takes oath as Maharashtra CM as Uddhav Thackeray resigns ahead of floor test.
• CM Patnaik shares Odisha’s achievements on food security at World Food Programme HQ in Rome.
• Hardik Patel joins BJP after quitting Congress months ahead of Gujarat elections.
• UP CM Yogi Adityanath lays foundation stone for second stage of Ram temple construction.
• Bihar Cabinet gives nod for caste survey at cost of ₹500 crore; sets February 23 deadline.
• West Bengal Assembly passes Bill to replace Governor with CM as Chancellor of State universities.
• ED questions Rahul Gandhi on National Herald case; to depose Sonia Gandhi late July.
• India successfully tests nuclear-capable Agni-4 and Prithvi-II ballistic missiles.
• India’s latest communication satellite ISRO’s GSAT-24 successfully launched.
• Northeast rains: Toll in Assam rises to over 150, more than 40 lakh residents adversely affected.
• Jammu and Kashmir to host G-20 meetings in 2023, form 5-member coordination panel.
• India grants e-visas to Sikhs, Hindus in Afghanistan in wake of Kabul gurudwara attack.
• India-Bangladesh bus service resumes on four routes after 2-year hiatus due to COVID.
• Global COVID caseload rises to 54.64 crore, fatalities at 63.34 lakh.
• At least 1,000 dead as massive earthquake hits Afghanistan, Pakistan.
• India, Israel, UAE and US form new I2U2 grouping, 1st summit next month.
• US lifts Cuba flight restrictions imposed under former President Donald Trump.
• US, Chinese defence ministers meet face-to-face, seeking to avoid misunderstandings.
• US President Joe Biden signs first significant gun control law in decades.
• European Parliament votes overwhelmingly to grant EU candidate status to Ukraine and Moldova.
• France’s Macron, Germany’s Scholz and Italy’s Draghi discuss Ukraine’s EU integration prospects in Kyiv.
• UK PM Boris Johnson discusses defense and security issues with Ukrainian President Zelensky in Kyiv.
• US, Germany agree to supply advanced weapons to Ukraine as Russia closes in.
• Russian missile attacks intensify across Ukraine after landmark NATO summit.
• India delivers consignments of life-saving drugs, medical equipment and relief material to Sri Lanka.
• Sri Lankan cabinet passes 21st Amendment to curtail powers of President.
• Iran, EU agree to resume stalled 2015 nuclear deal talks with US.
• FATF retains Pakistan on ‘grey list’, says will verify country’s compliance with ‘on site visit’.
• China lifts two-year COVID visa ban on Indians, barring tourism and private trips.
• Britain celebrates Queen Elizabeth II’s 70 years on the throne.
• British Prime Minister Boris Johnson survives Conservative confidence vote.
• Japan, NATO officials agree to step up military cooperation and joint exercises.
• South Korea, US fire 8 ballistic missiles in response to North Korea tests.
• French President Emmanuel Macron loses absolute majority in parliament in ‘democratic shock’.
• PM launches 1st ever Chess Olympiad Torch Relay, India to host 44th Chess Olympiad.
• Jyotiraditya Scindia announces first ever National Air Sports Policy 2022.
• Olympic champion Neeraj Chopra wins gold at Kuortane Games in Finland.
• Para Shooting World Cup: India wins 6 golds, 5 silvers and 1 bronze.
• India’s R Praggnanandhaa wins Norway Chess Group A open chess tournament.
• Deepak Punia wins bronze in U23 Asian wrestling championships 2022.
• India vs Ireland: India wins 2-match series 2-0.
• Bhuvneshwar Kumar recorded the most wickets in the powerplay in the history of the T20I format.
• Ind vs SA, T20: India, South Africa draw T20 series.
• Mithali Raj, Eoin Morgan announces retirement from all forms of international cricket.
• ICC ODI Rankings: Babar Azam on top, Imam-ul-Haq surpasses Kohli; NZ pacer Boult remains on top.
• French Open: Rafael Nadal his 14th title, 22nd Grand Slam; World No. 1 Iga Swiatek wins Women’s title.

Business News

• 47th GST Council meet: Council clears proposal to remove tax exemptions on some items.
• Finance Ministry releases third instalment of revenue deficit grant of ₹7,183 crore to 14 states.
• Govt announces extension of GST compensation cess levy till March 2026.
• Govt hikes MSP for kharif crops by 4-9% for 2022-23; paddy up by ₹100/qtl.
• Cabinet approves 5G auctions by July-end, gives nod to private networks.
• Govt launches design-linked incentive scheme, extends telecom PLI by 1 year.
• PM Modi launches ₹6,000 crore scheme for MSMEs, CBFTE scheme for first-time exporters.
• PM Modi inaugurates 3rd UP Investors Summit, lays foundation stone for projects worth ₹80,000 crore.
• PM unveils rail and roadways projects worth ₹27,000 crore in Bengaluru.
• Nitin Gadkari unveils NH projects worth ₹13,000 crore in Bihar and ₹1,300 crore in Rajasthan.
• Nitin Gadkari approves Bharat NCAP draft; cars in India to get safety rating based on crash tests.
• Centre asks states to scrap old diesel buses, replace them with EVs.
• Telangana CM KCR inaugurates T-Hub 2.0, the world’s largest innovation campus in Hyderabad.
• Govt receives ₹497 crore from GAIL buyback of 5.7 crore shares for ₹1,083 crore.
• Govt approves 8.1% interest  on  FY22  EPF deposits, lowest in 4 decades.
• Indian Railways flags off first train under Bharat Gaurav scheme from Coimbatore to Shirdi.
• Jet fuel price hiked by 16.3%, up 91% in the last six months.
• Prices of branded palm oil, sunflower and soybean oil have been reduced by up to ₹15 per litre.
• Nirmala Sitharaman launches EASE 5.0 ‘Common reforms agenda’ for Public Sector Banks.
• RBI raises repo rate by 50 bps to 4.90%; forecasts 6.7% inflation for 2023; pegs GDP growth rate at 7.2%.
• RBI hikes limit on OTP approval for auto-debits to ₹15,000; proposes to link credit cards to UPI.
• RBI extends tokenisation deadline to Sep 30 and compliance with new card rules to October 1, 2022.
• Govt designates ICICI Bank’s IT resources as critical information infrastructure.
• World Bank approves $245 million loan to modernise India’s railway logistics infrastructure.
• India, EU re-launch Free Trade Agreement negotiations after 9-year lull.
• WTO agrees partial patent waiver for COVID-19 vaccines, reach deal in digital products and fishing.
• India, Egypt partner for pharma trade, research, regulatory cooperation.
• G7 touts $600 billion global infrastructure plan to rival China’s formidable Belt and Road Initiative.
• Inflations in US and UK hit new 40-year high of 8.6% and 9.1% in May respectively.
• US Fed hikes interest rate by 75 bps to 1.75%, the biggest increase in 28 years.
• Sri Lanka struggles to secure new fuel shipments as supply runs dry
• EXIM Bank extends short-term LoC of $55 million to Sri Lanka for fertiliser imports.
• Sri Lanka grants 40-year tax relief for China-backed Port City investments.
• Pakistan secures deal with IMF to restore stalled $6 billion aid.
• Pakistan signs $2.3 billion loan facility agreement with Chinese consortium of banks.
• UK announces new tranche of trade sanctions against Russia.
• World Bank board approves $1.49 billion additional funds for crisis-hit Ukraine.
• Russia’s oil export revenue soars to $98 billion as war in Ukraine rages on.
• EU imposes partial ban on Russian oil; signs gas deal with Israel, Egypt.
• G7 announces ban on import of Russian gold amid war with Ukraine.
• Jio-bp partners with MG Motor and Castrol to set up charging and service infrastructure for EVs.
• Maruti Suzuki sets up Asia’s largest carport type solar plant at Manesar facility.
• Ford India extends production at Chennai facility till end-July 2022 amid protests by workers.
• Sony, Honda sign JV to sell electric cars by 2025.
• Valeo, Atul Auto arm & Honda Powerpack Energy join hands for three-wheelers electrification in India.
• Adani, Ambani make ₹1.68 trillion investment pledge under the ‘Invest Rajasthan’ outreach program.
• Vedanta puts Sterlite Copper’s smelter in Tuticorin for sale.
• DCGI approves Biological E’s COVID-19 vaccine Corbevax as heterologous booster dose.
• FDA authorizes Moderna and Pfizer-BioNTech COVID-19 Vaccines for Children down to 6 months of age.
• Biological-E gets WHO nod to be additional facility for making Johnson & Johnson COVID vaccine.
• US announces $122 million for India to address challenges posed by infectious diseases.
• Microsoft shuts down its oldest browser, Internet Explorer after 27 years from June 15.
• TCS partners with QIAGEN in driving its Cloud transformation strategy.
• Meta, Microsoft, other tech giants form metaverse standards body, except Apple.
• Vodafone Idea defers ₹8,837 crore AGR dues payment, gets option to pay interest via equity.
• VPN provider Surfshark to shut down servers in India over govt’s new CERT-In rules.
• IPL TV rights sold for ₹23,575 crore for 2023-27 cycle, digital for ₹20,500 crore to 2 separate broadcasters.
• Tencent buys stake worth ₹2,060 crore in Flipkart from its co-founder Binny Bansal.
• Bitcoin plunges below $20,000 for first time since Dec 2020; Ether breaches $1,000.
• WhatsApp Partners With RazorpayX to Power Seamless Cashback Transactions via UPI.
• Zomato acquires Blinkit for ₹4,447 crore in all-stock deal.
• Ant Group launches digital wholesale bank in Singapore to serve regional SMEs.
• Government appoints Alok Kumar Choudhary as SBI Managing Director.
• RBI approves appointment of R Subramaniakumar as MD and CEO of RBL Bank.
• Govt appoints Anand Mahindra, Pankaj R Patel, Venu Srinivasan and Dholakia on RBI central board.
• Bajaj Chairman and MD Shekhar Bajaj steps down.
• IRS officer Nitin Gupta appointed new CBDT chairman.
• Mukesh Ambani steps down as director of Reliance Jio, son Akash Ambani takes over as chairman.
• Meta COO Sheryl Sandberg steps down after 14-year tenure at Facebook.
• Parameswaran Iyer, ex-bureaucrat who ran Swachh Bharat Mission appointed as CEO of NITI Aayog.

General News

• PM Modi attends Quad summit in Tokyo, holds bilateral talks with US President Biden, Australian counterpart Anthony Albanese and Japanese PM Kishida.
• Quad leaders vow to stand together for free and open Indo-Pacific region.
• PM Modi meets France’s Macron, Germany’s Scholz and Danish PM Frederiksen during his Europe visit.
• India, Germany sign joint declaration of Intent on Forest Landscape Restoration.
• India-France agrees on deeper French involvement in ‘Atmanirbhar Bharat’ efforts in defence sector.
• PM Modi participates in India-Nordic Summit; invites Nordic companies to invest in Sagarmala project.
• WHO must be reformed, India ready to play key role: PM Modi at 2nd Global COVID Summit.
• PM Modi, Nepal PM Deuba lay foundation stone for Buddhist Culture and Heritage in Nepal’s Lumbini.
• President Kovind embarks on 7-day state visit to Jamaica, Saint Vincent and Grenadines.
• S Jaishankar participates in BRICS Foreign Ministers’ meeting.
• India and UAE sign MoU to enhance bilateral cooperation on Climate Action.
• President Kovind presents military honours; confers 13 Shaurya Chakras, 14 Param Vishisht Seva Medals.
• PM Modi inaugurates and lays foundation stone of 11 projects worth more than ₹31,500 crore in Chennai.
• Defence Ministry approves revised ‘scales of accommodation’ for armed forces.
• Rajnath Singh inducts 2 indigenously built frontline warships INS ‘Surat’ and ‘Udaygiri’ in Mumbai.
• Navy successfully test-fires 1st indigenously developed lightweight naval anti-ship missile from helicopter.
• Central govt notifies J&K Delimitation Commission order comes into force.
• Manik Saha takes oath as 11th chief minister of Tripura, replaces Biplab Deb.
• WHO honours India’s 1 million all-women ASHA workers for outstanding work in advancing global Health.
• India’s total COVID – 19 cases at 4.32 crore, death toll at 5.25 lakh.
• Cumulative variety of COVID-19 vaccine doses administered in India crosses 193 crore mark.
• Centre gives nod to Sputnik Light COVID-19 vaccine for booster shot.
• PM CARES Fund: ₹10 lakh aid, passbook, health card given to COVID-orphaned children.
• Rajiv Kumar assumes charge as India’s 25th chief election commissioner.
• Punjab CM Bhagwant Mann announces MSP on maize, pulses, bajra to encourage crop diversification.
• Tamil Nadu Governor refers anti-NEET Bill to Centre for President’s nod.
• Congress forms political panel, task force for 2024 polls, includes G-23 members.
• Ex-Chief of Khadi Commission Vinai Kumar Saxena appointed Delhi’s new LG.
• Congress veterans Kapil Sibal and Sunil Jakhar quit party; Hardik Patel exits party.
• Intense heatwave sweeps through north India; govt issues guidelines for schools to fight heatwave.
• Southwest monsoon arrives in Kerala, 3 days ahead of schedule.
• Assam floods: Death toll reaches 36, over 7 lakh affected across 27 districts.
• Cyclone Asani makes landfall in coastal Andhra Pradesh, weakens into deep depression.
• SC orders release of life term convict A G Perarivalan in Rajiv Gandhi assassination case.
• Kashmiri separatist leader Yasin Malik gets life imprisonment in J&K terror funding case.
• SC puts Sedition law on hold, stays all pending cases under Sec 124A till Centre re-examines provisions.
• SC extends time for submitting probe report on use of Israeli Pegasus spyware.
• Russia’s invasion enters 4th month; Ukraine troops surrender at Mariupol.
• Defense Secretary Lloyd Austin, Russian counterpart Sergei Shoigu hold first call since invasion of Ukraine.
• India and 11 other countries abstain from UNHRC resolution calling for more scrutiny on Ukraine conflict.
• Vladimir Putin warns France, Germany against supplying arms to Ukraine.
• Zelenskyy holds separate discussions with UK PM Boris Johnson and US Senate delegation.
• Finland and Sweden submit applications to join NATO.
• UK unilaterally alters terms of post-Brexit trade deal for Northern Ireland.
• US-ASEAN Summit: President Biden makes $150 million commitment to ASEAN leaders.
• Sri Lankan PM Mahinda Rajapaksa resigns; Ranil Wickremesinghe sworn in as PM for 5th time.
• Lankan Parliament defeats no-confidence motion tabled by Opposition against President Rajapaksa.
• Sri Lanka closes schools, limits work amid fuel shortage; PM Wickremesinghe allotted Finance Ministry.
• Anthony Albanese sworn in as Australia’s new Prime Minister.
• John Lee elected as Hong Kong’s next leader as Carrie Lam steps down.
• Shanghai slowly emerges from lockdown as cases continue to rise in Beijing.
• North Korea fires suspected ballistic missile in 16th test launch this year.
• Global COVID caseload rises to 52.9 crore, fatalities at 62.9 lakh.
• More than 300 confirmed Monkeypox cases reported in over 20 countries; WHO warns of moderate risk.
• North Korea’s Kim orders lockdown amid COVID outbreak; orders military to stabilise supply of drugs.
• UAE President Sheikh Khalifa bin Zayed dies, Sheikh Mohammed bin Zayed elected as new President.
• Thomas Cup: Indian men’s badminton team bags first-ever gold.
• Women’s World Boxing Championships: Nikhat Zareen scripts history, clinches gold.
• India wins 7 medals including 3 golds in shooting at Junior World Cup.
• Harshada Sharad Garud first Indian to win gold medal at IWF Junior Weightlifting World Championships.
• Chessable Masters final: Indian Chess prodigy R Praggnanandhaa finishes 2nd.
• IPL 2022: Gujarat Titans win IPL title in maiden season, beat Rajasthan Royals by 7 wickets.
• Rajasthan Royals spinner Yuzvendra Chahal wins Purple Cap and Jos Buttler wins Orange Cap.
• MS Dhoni back as Chennai Super Kings captain; Jadeja ruled out of rest of IPL 2022 due to bruised rib.
• Annual ICC Rankings: Australia No. 1 in Tests, India leads T20 table, NZ retains top spot in ODI.
• Asian Games 2022 scheduled for September postponed amid Covid surge in China.
• UEFA removes more Russian soccer teams from its competitions.
• French Open: Rafael Nadal beats Novak Djokovic to reach French Open 2022 semi-final.
• Carlos Alcaraz beats Alexander Zverev to take Madrid Open title.

Business News

• RBI hike rates Repo rate by 40 bps, CRR by 50 bps for the first time since August in an unscheduled meet.
• Centre releases ₹7,183.42 crore to 14 states as revenue deficit grant.
• Centre bans export of wheat with immediate effect to calm local prices with some relaxations.
• PM Kisan 11th instalment amount of ₹21,000 crore released for 10 crore farmer families.
• Govt allows duty-free import of 20 lakh tonnes of crude soyabean and sunflower oil per annum.
• India’s April crude oil imports at 3-1/2 year high at 20.87 million tonnes.
• US surpasses China as India’s biggest trading partner in FY22 at $119.42 billion.
• UAE-India Comprehensive Economic Partnership Agreement comes into force, 1,157 products excluded.
• Government orders all imported-coal plants to operate at full capacity as power demand surges.
• Manufacturing PMI improves marginally in April to 54.7; Services PMI jumps to 57.9 in April.
• UPI hits record 5.58 billion transaction worth ₹9.83 trillion in April 2022.
• Jet fuel prices rise by 3.22% to record the steepest hike of all time; LPG prices rises cross ₹1,000 mark.
• Petrol gets cheaper by ₹9.5 and diesel by ₹7 as Centre cuts excise duty.
• Centre to give subsidy of ₹200 per gas cylinder to PM Ujjwala Yojana beneficiaries.
• Govt waives import duty on some raw materials for steel industry, export duty on iron ore raised to 50%.
• PM Modi virtually inaugurates India’s first 5G testbed costing ₹220 crore.
• Listed IPOs: LIC, Campus Activewear, Rainbow Children’s Medicare, Delhivery, Paradeep Phosphates.
• RBI board approves transfer of ₹30,307 crore as dividend to government for FY22.
• Future Group sells 25% stake in Future Generali India Insurance for ₹1,266 crore.
• US launches Indo-Pacific Economic Framework for Prosperity; 13 counties including India join.
• World Economic Forum: Maharashtra inks pact with 23 firms; Telangana bags ₹ 4,200 crore investments.
• Samsung inks $1 billion with US network operator Dish to supply 5G solutions.
• Wipro, HFCL join hands to develop 5G products portfolio for telecommunications sector.
• Toyota Motor Corp rolls out its first mass-produced battery electric car in Japan.
• World Bank to disburse $700 million to crisis-hit Sri Lanka, to re-purpose existing loans.
• Sri Lanka hikes fuel prices; petrol at all-time high of LKR 420, diesel LKR 400 per litre.
• Indonesia lifts ban on palm oil exports.
• Pakistan increases fuel prices by 30 PKR per litre in a bid to revive IMF program.
• Cash-strapped Pakistan gets $8 billion in financial support from Saudi Arabia.
• US Fed raises rates by 50 bps to fight inflation, outlines balance sheet reduction.
• Canada bans Huawei from 5G, ending years-long impasse.
• Honda, Yamaha, Suzuki, Kawasaki join hands to launch Gachako Battery Swapping Service.
• Hyundai partners with Tata Power to install DC fast charging stations for EVs across India.
• Ola Electric opens new purchase window for S1, S1 Pro.
• Adani group acquires Holcim’s Indian subsidiaries – ACC and Ambuja Cements for $10.5 billion.
• Swiggy acquires restaurant tech platform Dineout for $200 million.
• EU leaders agree to ban 90% of Russian oil by the end of 2022.
• Facebook parent Meta partners with AMD for mobile infrastructure program.
• Abbott, FDA reach agreement to reopen baby formula facility in Michigan.
• UK inflation hits 40-year high of 9% as households suffer; slaps 25% windfall tax on oil and gas firms.
• Elon Musk puts on hold $44 billion deal for Twitter.
• Karnataka HC extends stay on the ED order seizing Xiaomi India’s bank assets until June 1.
• Supreme Court dismisses plea to review verdict on removal of Cyrus Mistry as Tata Sons head.
• Economist Suman Bery takes charge as NITI Aayog Vice-Chairman.
• Campbell Wilson, former CEO of Singapore Airlines’ budget carrier Scoot, appointed Air India MD & CEO.
• Sudarshan Venu takes over as Managing Director of TVS Motor Company.
• Ola Electric’s tech chief Dinesh Radhakrishnan, CMO Varun Dubey resign.
• US Senate confirms Jerome Powell for second term as head of the Federal Reserve.
• BSE appoints Ex RBI Deputy Governor SS Mundra as Chairman.
• Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO with 99.89% of votes.
• Infosys reappoints Salil Parekh as CEO and MD for the next 5 years.
• Jack Dorsey steps down from Twitter’s board of directors.
• Vijay Shekhar Sharma reappointed as Paytm MD & CEO till 2027.

Q4 Results

• Kotak Mahindra Q4 profit jumps 65% YoY to ₹2,767 crore, NII up 18% YoY to ₹4,521 crore.
• SBI Q4 net profit rises 41% to ₹9,113 crore, declares ₹7.10/share dividend; NII up 15% at ₹31,198 crore
• HDFC Q4 profit up 16% YoY to ₹3,700 crore, revenue increased 5% to ₹12,300 crore, declares ₹30 dividend.
• Tata Motors’ Q4 net loss narrows to ₹1,032 crore, revenue declined 11.5% YoY to ₹78,439 crore.
• Ashok Leyland Q4 net profit soars 274% YoY to ₹901.4 crore, revenue climbed 24.90% to ₹8,744.29 crore.
• M&M Q4 profit up 17% YoY at ₹1,167 crore, revenue up 28% at ₹17,124 crore; dividend at ₹11.55/share.
• Hero MotoCorp Q4 profit falls 27.5% to ₹627.05 crore; revenue drops 14.6% to ₹7,421.23 crore.
• TVS Motor Q4 net profit falls 5.1% YoY to ₹274.5 crore, revenue grew by 4% at ₹5,530 crore.
• Tech Mahindra Q4 profit surges 39% YoY to ₹1,506 crore, revenue rises 24.5% to ₹12,116 crore.
• RIL Q4 Profit rises 22.5% YoY to ₹16,203 crore, revenue rose 36.79% YoY to ₹211,887 crore.
• Bharti Airtel Q4 Profit surges 164% YoY to ₹2,008 crore; ARPU rises to ₹178.
• Vodafone Idea Q4 net loss narrows to ₹6,563 crore, revenue rises 6% to ₹10,271.8 crore, ARPU up at ₹124.
• ITC Q4 profit rises 11.8% YoY to ₹4,191 crore; revenue grew 15.25% to ₹17,754.02 crore.

General News

• Budget Session of Parliament concludes; Lok Sabha clocks 129% productivity, Rajya Sabha 99%.
• President gives assent to Bill unifying Delhi’s 3 Municipal Corporations.
• PM Modi launches projects worth ₹20,000 crore in 1st J&K visit since article 370 move.
• Centre sanctions ₹1584.25 crore for Panchayati Raj institutions to strengthen grassroots democracy in J&K.
• India, US reaffirm commitment to promote regional stability and rule of law at 2+2 Ministerial Dialogue.
• PM Modi, WHO Chief, Mauritius PM inaugurates WHO-Global Centre for traditional medicine in Jamnagar.
• India signs 7 MoUs for social development projects worth over ₹12.96 crore with Maldives.
• UK PM Boris Johnson visits India; India, UK sign defence cooperation agreement, promise FTA by year end.
• PM Modi, EU President Ursula von der Leyen hold talks; agree on establishment of trade council.
• India, US sign MoU on Space Situational Awareness at 2+2 ministerial meeting.
• PM Modi and Nepal PM S B Deuba finalise 4 pacts to expand ties in areas such as railways, energy.
• PM Modi, Ratan Tata inaugurate 7 state-of-the-art cancer hospitals in Assam.
• Hindi should be an alternative to English and not to local languages: Amit Shah.
• Vinay Mohan Kwatra takes over as foreign secretary from Harsh Vardhan Shringla.
• Govt announces changes in defence acquisition procedure, Military hardware import exempted.
• Rajnath Singh releases 3rd positive indigenisation list to develop India as a defence manufacturing hub.
• Lt Gen Manoj Pande named new Army chief, first from Corps of Engineers.
• India successfully test fires anti-tank missile ‘Helina’ from advanced light helicopter in Ladakh.
• IAF’s Chinook performs longest non-stop journey from Chandigarh to Assam, covers 1910 km in 7.5 hours.
• Russia begins delivery of second unit of strategic S-400 missile system to India.
• UIDAI, ISRO ink technical collaboration pact to develop Bhuvan-Aadhar.
• SC fixes timeline for filing claims for COVID-19 ex-gratia; 60-day limit for deaths occurred before March 20.
• PM Modi inaugurates Pradhanmantri Sangrahalaya, a museum to honour all Prime Ministers of country.
• UGC allows students to pursue two full-time academic programmes simultaneously.
• Jaishankar meets UN chief Guterres, discusses key issues including Ukraine situation.
• Centre extends AFSPA in 3 districts of Arunachal Pradesh for 6 months.
• Andhra cabinet reconstituted; 14 new ministers inducted; 13 new districts inaugurated.
• Odisha extends additional free rice distribution for 6 months under state food security scheme.
• Punjab Assembly passes resolution seeking immediate transfer of Chandigarh to state.
• AAP govt announces 300 units of free power in Punjab from July 1, 2022.
• Delhi, Punjab sign knowledge-sharing pact for better health, education.
• Assam govt to provide 70 MW electricity every month to 20 lakh people.
• Prashant Kishor presents roadmap for 2024 polls to Congress leadership; declines offer to join party.
• Sitaram Yechury gets third term as CPM General Secretary, 3 new faces in Politburo.
• India’s total COVID – 19 cases at 4.31 crore, death toll at 5.24 lakh; daily COVID cases cross 3,600.
• Global COVID caseload rises to 51.3 crore, fatalities at 62.3 lakh.
• Shanghai extends COVID-19 lockdown till April 26 as death toll rises to 36.
• Russia intensifies attack in Ukraine as war enter 3rd month.
• UNGA ousts Russia from Human Rights Commission; India abstains from voting.
• Ukrainian President Zelenskyy addresses UN Security Council for 1st time since Russian invasion.
• UN Secretary-General Guterres separately meets Putin and Zelenskyy.
• US Secretaries Blinken and Austin met with Ukraine President in Kyiv.
• Putin introduces visa restrictions for citizens from “unfriendly countries“.
• Russia appoints new General to oversee Ukraine invasion; raises emergency spending fund by $3.5 billion.
• US announces $100 million in additional military aid to Ukraine.
• UK PM Boris Johnson, Presidents of Estonia, Latvia, Lithuania, Poland visit Ukraine.
• Russia’s Putin, Saudi’s bin Salman discuss bilateral ties and oil.
• Australia, UK, US alliance ‘AUKUS’ to develop hypersonic missiles.
• Emmanuel Macron beats far-right rival Le Pen to win second term.
• Sri Lankan President announces new Cabinet, PM Mahinda only member from powerful Rajapaksa clan.
• Pakistan PM Imran Khan ousted in no-trust vote; Shehbaz Sharif sworn in as 23rd Prime Minister.
• China signs military pact with Solomon Islands despite US warning.
• UK PM Boris Johnson pays partygate fine, offers ‘full apology’.
• UK finance minister Rishi Sunak cleared of ethics breach over family’s tax status.
• Australian Prime Minister calls federal elections on May 21.
• Turkey court halts Jamal Khashoggi murder trial transfers it to Saudi Arabia; President Erdogan visits Saudi.
• Myanmar court sentences Suu Kyi to 5 years in jail for corruption.
• Indian GM Praggnanandhaa wins Reykjavik Open chess tournament.
• IPL: Gujarat Titans are leading the points table with eight wins and just one loss in their first nine matches.
• CSK’s Dwayne Bravo becomes highest wicket-taker in IPL with 171 wickets to his name.
• BCCI announces South Africa to tour India for 5 match T20I series, starting June 9.
• Australia beat England by 71 runs to win a record-extending 7th ICC Women’s World Cup title.
• Rohit Sharma, Jasprit Bumrah among Wisden’s five ‘Cricketers of the Year’.
• Andrew McDonald named head coach of Australian cricket team.
• West Indies all-rounder Kieron Pollard announces retirement from international cricket.

Business News

• RBI keeps rates unchanged, lowers GDP growth to 7.2%; increases inflation projection for FY22-23 to 5.7%.
• India’s industrial growth edges up to 1.7% in February from 1.5% in January.
• Retail inflation surges to a 17-month high of 6.95% in March from 6.07% in February.
• India’s trade deficit touch $18.51 billion in March, exports rose nearly 20% to $42.22 billion.
• Chartered Accountants, Cost and Works Accountants and Company Secretaries (Amendment) Bill passed.
• Govt brings around 96% Post Offices brought under core banking system.
• India extends credit, fuel, food to bail Sri Lanka out of economic crisis.
• India Australia ink economic cooperation and trade pact, over 95% of Indian goods to get duty-free access.
• India’s agriculture exports touch historic high of 50 billion in 2021-22.
• India’s tax collections surge to ₹27.07 lakh crore in FY22; ₹2.24 lakh crore IT refunds issued in FY22.
• PM Modi lays foundation stone of multiple development projects at Banas Dairy Sankul in Gujarat.
• Nirmala Sitharaman meets IMF chief and US Secretary of Commerce; meets CEOs of large global firms.
• Rajnath Singh exhorts US aerospace, defence majors to join ‘Make in India, Make for the World’ drive.
• PM Modi and Nepal PM jointly launch RuPay payment card in Nepal.
• Commercial LPG cylinder price hiked by ₹250, ATF hiked by 2%, Petrol, diesel prices unchanged since Apr 6.
• Cotton prices hits all-time high in India at ₹43,240/bale.
• Govt sells 51% stake in helicopter services provider Pawan Hans to Star9 Mobility for ₹211 crore.
• Andhra Pradesh cancels Adani’s bids to supply imported coal.
• Govt approves 61 proposals of over ₹19,000 crore under PLI scheme for textiles.
• Centre infuses ₹5,000 crore into 3 state-run insurance companies.
• Govt amends FEMA rules to allow 20% foreign direct investment in LIC.
• SEBI revises UPI payment limit for retail investors in IPOs from ₹2 lakh to ₹5 lakh.
• RBI issues new rules, penalties for credit & debit cards.
• Mutual funds add over 3 crore folios in FY22 on sharp rally in equity market, digitisation.
• LIC IPO to open on May 4, price band set at ₹902-949 a share; to raise up to ₹21,008 crore.
• HDFC, HDFC Bank merger to create third-largest company in India.
• Bandhan Group-led consortium acquires IDFC AMC for ₹4,500 crore.
• EU approves ban on Russian coal in new round of sanctions.
• IMF cuts global growth forecast to 3.6% citing Russia-Ukraine war, trims India forecast to 8.2%.
• Sri Lanka raises key interest rates by 700 bp to 14.5%; inflation rises 29.8% in April, food inflation 46.6%.
• World Bank agrees to provide $600 million in financial assistance to Sri Lanka.
• US inflation climbed to 8.5% in March, highest rate since 1981.
• UK inflation jumps to 30-year high of 7.0% in March.
• Egypt adds India as new wheat supplier following disruptions by Ukraine and Russia war.
• WHO suspends Covaxin supply through United Nations agencies citing manufacturing deficiencies.
• SII, Bharat Biotech halt production of Covid vaccines as demand slips.
• Passenger car exports are up 43% in FY22; Maruti Suzuki leads segment.
• Electric vehicle retail sales zoom over three-fold to 4,29,217 units in 2021-22.
• Nitin Gadkari announces, ‘heavy penalty’, recall of EVs after e-scooters catch on fire.
• Alliance Air officially separates from Air India following privatization, moves to own website, flight code.
• Made-in-India Dornier 228 takes off on maiden commercial flight from Assam to Arunachal Pradesh.
• Biden announces historic oil reserve release to soften gas prices.
• Oil sinks below $98 as China’s lockdowns imperil demand outlook.
• Indonesia bans palm oil exports as global food inflation spikes.
• Warren Buffett’s Berkshire Hathaway buys over 11% stake worth $4.2 billion in IT Giant HP.
• Wipro acquires consulting firm Convergence for $80 million and global SAP firm Rizing for $540 million.
• EU sets new online rules for Google, Meta to curb illegal content.
• Twitter accepts Elon Musk’s $44 billion acquisition offer; Musk sells $4 billion of Tesla stock.
• Amazon, SpaceX grabs NASA’s $278 million space communications contracts.
• CBI files charge sheet against former NSE Chief in co-location scam.
• France issues international arrest warrant against former Nissan Motor company chairman Carlos Ghosn.
• SC disposes Amazon-Future case as parties agree to resume Singapore arbitration proceedings.
• Apple starts iPhone 13 production in India through Foxconn.
• Flipkart invests $116 million in fashion retailer Myntra amid challenge from Reliance, Nykaa.
• Reliance calls off ₹24,713-crore deal with Future group after secured creditors rejection.
• Netflix loses 200,000 subscribers in 100 days; first time in over 10 years.
• Rajiv Kumar to step down as Niti Aayog Vice Chairman; Suman Bery to take over from 1 May.
• Wipro appoints Satya Easwaran as India head.

Q4 Results

• HDFC Bank net profit up 23% YoY to ₹10,055 crore, NII up 10% to ₹18,872 crore; dividend at ₹15.50/share.
• ICICI Bank profit surges by 59% to ₹7,019 crore, NII up 20% to ₹12,605 crore, declares ₹5/share dividend.
• Axis Bank Q4 profit jumps 54% YoY to ₹4,117.8 crore, NII grew by 16.7% to ₹8,819 crore.
• IndusInd Bank Q4 net profit jumps 55% YoY to ₹1,361 crore; dividend at ₹8.50/share.
• HCL Tech net profit zooms 226% to ₹3,593 crore, revenue grew 15% YoY to ₹22,597 crore.
• TCS Net profit rises 7% YoY to ₹9,926 crore, revenue grows to ₹50,591 crore.
• Wipro Q4 profit rises 3.9% YoY to ₹3,092.5 crore, revenue grew 28.4% YoY to ₹20,860 crore.
• Infosys profit rises 12% YoY to ₹5,686 crore, revenue up 23% to ₹32,276 crore, declares ₹5/share dividend.
• Maruti Q4 PAT rises 58% YoY to ₹1,839 crore, announces dividend of ₹60/share.
• Bharti Airtel partners Apollo Hospitals, Cisco to create 5G connected ambulance.
• HUL Q4 Profit rises 7% YoY to ₹2,327 crore, revenue up at ₹13,462 crore; declares ₹19 per share dividend.
• Nestle Q1 net profit slips 1.25% to ₹594.71 crore, net sales increased 9.74% to ₹3,950.90 crore.
• Biocon Q4 net profit falls 4.2% to ₹283.9 crore, revenue rose 30.8% YoY to ₹2,408.8 crore.

General News

• Assembly Elections 2022: BJP retains power in 4 States, landslide win for AAP in Punjab.
• 2nd terms for CMs in UP, Goa, Manipur and Uttarakhand; Bhagwant Mann takes oath as 18th Punjab CM.
• Bypolls in West Bengal, Chhattisgarh, Bihar and Maharashtra will be held on April 12, counting on April 16.
• 2nd part of Budget session of Parliament resumes. Parliament approves ₹1.42 lakh crore budget for J&K.
• Govt approves acquisition proposals of armed forces worth over ₹8,000 crore.
• India, China ‘agree to maintain stability on ground’ in 15th round of LAC talks.
• PM Modi upholds commitment to Indo-Pacific region’s peace, stability and prosperity at QUAD meet.
• Japan’s PM Fumio Kishida arrives in India; announces ₹3.2 lakh crore worth investments over next 5 years.
• PM Modi and Scott Morrison hold India-Australia Virtual Summit, discusses regional, international issues.
• China Foreign Minister Wang Yi meets with NSA Ajit Doval, EAM Jaishankar.
• PM Modi calls for regional unity and cooperation among BIMSTEC nations.
• India, Indonesia discusses countering terrorism, cyber safety and maritime security issues.
• Sonia Gandhi continues as Congress interim President; Congress’ G-23 pushes for party overhaul.
• Sharad Yadav merges LJD with Lalu Prasad Yadav’s RJD.
• Assam, Meghalaya sign historic agreement to resolve 50-year-old boundary dispute.
• India’s COVID-19 cases crosses 4.3 crore, death toll rises to 5.21 lakh; 60.1% of population fully vaccinated.
• COVID-19 vaccination of children in age group of 12 to 14 begins; more than 1.5 crore received COVID jabs.
• Centre to end COVID-19 containment measures from March 31; face masks, social distancing to continue.
• Government restores 5-year e-tourist visa to foreign nationals; 10 years visa to US, Japan citizens.
• India, Maldives ink pact for mutual recognition of COVID-19 vaccination certificates.
• Operation Ganga: Over 22500 Indian citizens evacuated so far from Ukraine.
• National Medical Commission allows foreign medical graduates to complete internship in India after Test.
• India, WHO sign pact to set up global centre for traditional medicine in Gujarat.
• Karnataka High Court rules wearing hijab not essential religious practice.
• Home Ministry amends Census rules to allow self-enumeration, digital data collection.
• India regrets accidental firing of Brahmos missile into Pak, orders high-level probe.
• Padma awards: Gen. Rawat, Ghulam Nabi Azad, SII’s Cyrus Poonawalla, Covaxin makers, N Chandrasekhar,
  late Kalyan Singh, Neeraj Chopra among awardees.
• Russia-Ukraine crisis: India abstains from voting on resolutions led by UN and Russia.
• Indian Embassy in Ukraine temporarily relocated to Poland.
• Russia targets Ukraine’s Chernobyl and Zaporizhzhia nuclear plants.
• US House approves $13.6 billion in aid for Ukraine in huge spending bill.
• President Biden announces another $500 million in direct aid to Ukraine.
• Polish, Czech, Slovenian PMs travel to Kyiv in EU show of support for Ukraine.
• NATO rejects no-fly zone over Ukraine, despite President Zelensky’s repeated pleas.
• Russia-Ukraine war enters its 36th day; heavy shelling, missile strikes continue.
• Russia, Ukraine hold face-to-face peace talks in Istanbul.
• Russia strikes Ukraine with cruise missiles from Black Sea and Caspian Sea.
• EU imposes 4th set of sanctions against Russia for war.
• Ukraine’s President Volodomyr Zelenskyy addresses NATO Summit, asks for weapons.
• US President Biden visits Europe, announces new sanctions and measures to help Ukrainian refugees.
• Russia halts WWII peace treaty talks with Japan in response to sanctions over Ukraine invasion.
• US President Joe Biden proposes $1.8 billion for Indo-Pacific Strategy.
• US Senate approves bill to make daylight saving time permanent.
• United States reaches 65,000 H-1B visa cap for 2022 USCIS.
• UN Chief warns pandemic not over, decries ‘scandalous’ vaccine inequality
• Global COVID-19 caseload 488 million, fatalities at 6.16 million.
• Shanghai locked down as China’s biggest city sees over 3,400 asymptomatic COVID cases.
• Pakistani opposition moves no-confidence motion to seek PM Imran Khan’s ouster.
• Pakistan hosts Organization of Islamic Cooperation meet; Chinese Foreign Minister Wang Yi attends.
• Conservative candidate Yoon Suk-yeol elected South Korean President.
• North Korea fires possible ICBM in largest test since 2017; conducts ninth missile test of the year
• All 132 passengers presumed dead after 737 plane crashes in mountains in China.
• Oscars 2022: CODA wins Best Film; Dune makes a mark with six wins.
• India vs Sri Lanka: India sweep the Test series 2-0.
• Virat Kohli becomes 12th Indian to play in 100 Tests, 6th Indian batsman to reach 8000 runs.
• ICC Women World Cup: England to face Australia in final.
• Jhulan Goswami becomes first woman to enter 250-wicket club, joins elite Indian men’s bowlers.
• IPL 2022 kick off; Lucknow and Gujarat, joined the format taking the total to ten teams this year.
• MS Dhoni steps down as Chennai Super Kings captain, Ravindra Jadeja to lead in IPL 2022.
• Bangladesh seal historic one-day series triumph over South Africa.
• Swiss Open: PV Sindhu clinches title; Prannoy finishes runner-up in men’s singles.
• Daniil Medvedev overtakes Novak Djokovic for No. 1 in ATP rankings.
• World No. 1 Ashleigh Barty announces retirement from tennis aged 25.
• Cristiano Ronaldo becomes all-time leading scorer record on 807 goals.
• Tiger Woods officially inducted into World Golf Hall of Fame.
• Legendary Australian spinner Shane Warne dies of heart attack at 52.
• Court of Arbitration for Sport upholds FIFA’s ban on Russia’s participation in World Cup.

Business News

• Lok Sabha passes Finance Bill; completes budgetary exercise for FY23.
• Centre seeks Parliament nod for ₹1.07 lakh crore extra spending in 2021-22.
• Cabinet nod to National Land Monetization Corporation for monetising surplus land of PSUs.
• Govt collects ₹1.33 lakh crore GST in February, cess collection crosses ₹10,000 crore for first time.
• Over ₹53,600 crore GST compensation yet to be released to states this fiscal: Nirmala Sitharaman.
• Nitin Gadkari inaugurates 19 NH projects worth Rs 1,407 crore in Haryana and Rajasthan.
• India achieved its merchandise export target of $400 billion for FY22.
• PLI scheme for Automobile, Auto Component Industry attracts investment of ₹74,850 crore.
• EPFO fixes 8.1% as interest rate on provident fund deposits for 2021-22, lowest since 1977-78.
• Trade Unions went on 2-day nationwide strike; Banking, public transport services affected in some states.
• Petrol, diesel prices see 9 hikes in 10 days, total increase now stands at ₹6.40 a litre.
• BSE joins hands with Tamil Nadu government’s M-TIPB to promote listing of MSMEs.
• LIC gets SEBI approval to launch India’s biggest ever IPO.
• TCS’ ₹18,000 crore buyback offer subscribed 7.5 times; acceptance ratio at 26%.
• India resumes regular International Flights from 27th March; Covid curbs eased in airport, flights.
• Transactions under the UPI crossed the 5-billion count for the first time in March 2022.
• RBI Governor Shaktikanta Das launches ‘UPI123Pay’ for feature phones and 24/7 helpline, DigiSaathi.
• PNB reports fraud of ₹2,000 crore in IL&FS Tamil Nadu Power Company’s loan.
• DCGI’s EUA nod for Serum Institute’s COVID Vaccine – Covovax – for 12-17 age group.
• India, Japan launch clean energy partnership at 14th Annual Summit.
• Food, fuel prices skyrocket in Sri Lanka as it battles worst economic crisis; Sri Lankan rupee tumbles.
• India extends $1 billion line of credit to Sri Lanka.
• India signs agreement to set up hybrid power projects on northern Sri Lankan islands.
• US Fed increases interest rates by 25 bps and signals more hikes ahead.
• Bank of England raises key rate to 0.75% from 0.5%, warns inflation could break 8%.
• IMF approves $1.4 billion in emergency funding support for Ukraine.
• World Bank approves $723 million loans, grants for Ukraine amid Russia invasion.
• Japan revokes Russia’s ‘Most-Favored Nation’ trade status.
• Major US, European firms pull out of Russia following invasion; World Bank, BRICS Bank suspend projects.
• Elon Musk’s SpaceX sent thousands of Starlink satellite internet dishes to Ukraine.
• IMF board signs off $44 billion Argentina debt deal, warns on risk.
• Saudi Arabia signs deals worth $2.13 billion with local, foreign defence firms.
• FATF keeps Pakistan in grey list, tells do more to probe, prosecute terrorists.
• Indian Railways tests indigenous train collision protection system ‘Kavach’.
• Cochin Shipyard, Dredging Corporation sign pact to build India’s first indigenous dredger.
• Prasar Bharati signs MoU with Yupp TV to expand global reach.
• Lulu Group to invest ₹3,500 crore in Tamil Nadu; 5 UAE firms sign MoUs worth ₹2,600 crore with the state.
• Samsung signs MoU with TN govt to invest ₹1,588 crore to set up new compressor plant for refrigerators.
• Suzuki signs MoU with Gujarat govt for electrical vehicles and battery manufacturing in India.
• India’s largest EV charging station for 4-wheelers opens in Gurugram with a capacity of 121 EV chargers.
• Hyundai Motor opens first plant in Indonesia to gear up Southeast Asia drive.
• MG Motor launches new venture ‘MG Charge’ to install 1,000 chargers in India in 1,000 days.
• Hero MotoCorp unveils new brand ‘Vida’ for emerging mobility solutions.
• Sony, Honda announce partnership to make electric vehicles.
• HAL introduces 19-seater aircraft, can be operated in semi-prepared and unpaved airstrips.
• U.S. FAA finalizes Boeing 777 safety directives after fan blade failures.
• Elon Musk’s SpaceX wins more NASA crew flights to ISS for $3.49 billion.
• Australia unveils $360 million in financing of critical minerals to offset China’s dominance.
• IEA members agree to release 60 million barrels of oil from their strategic reserves.
• Oil price surges to highest since 2008, as brent hit $139/barrel.
• India buys Russian oil despite pressure for sanctions; G7 rejects Russia’s demand to pay for gas in Rubles.
• US, EU announce new partnership to undercut Russian energy.
• Russia stock market exchange partially reopens after one-month closure.
• Bharti Airtel prepays ₹8,815 crore towards deferred liabilities for 2015 spectrum.
• TCS partners with Fletcher Building, Google Cloud to support long-term growth and digital innovation.
• Tech Mahindra partners with Cisco to drive 5G modernisation and routed optical networking.
• Google teams up with MeitY to help 100 Indian startups build global apps.
• EU approves new Digital Markets Act putting clamps on Big Tech.
• US adds Russia’s Kaspersky, China telecom firms to national security threat list.
• CBI arrests former NSE CEO Chitra Ramkrishna in co-location scam case.
• Russians launches ‘Rossgram’- a replacement of Instagram amid war with Ukraine.
• Amazon announces 20-for-1 stock split, $10 billion share buyback.
• BYJU’S named as official sponsor of FIFA World Cup Qatar 2022.
• PVR, INOX announce merger, Ajay Bijli will be MD of combined entity.
• Zomato acquires a 16.66% stake in Mukunda Foods for $5 million, grants $150-million loan to Blinkit.
• N Chandrasekaran appointed chairman of Air India as Ilker Ayci declines CEO role.
• Madhabi Puri Buch takes charge of Chairperson of SEBI.
• LIC appoints Reliance-Nippon Life’s Sunil Agarwal as CFO ahead of mega IPO.
• Aviation industry veteran Sanjiv Kapoor appointed Jet Airways CEO.
• Govt appoints ex-financial services secretary Debasish Panda as IRDAI Chief.
• Anil Ambani resigns as director of Reliance Power, Reliance Infrastructure

General News

• Assembly Elections 2022: 78.94% voter turnout recorded in Goa, 62.5% in Uttarakhand, 65.50% in Punjab.
• UP Assembly Elections 2022 Phase 1: 60.17% , Phase 2: 60.44%, Phase 3: 61.02% and Phase 4: 59.77%, Phase 5: 53.98%. Manipur Phase 1: 78.03%.
• First leg of Budget Session concludes, both Houses adjourned till March 14.
• India’s energy needs to double in next 20 years: PM Modi at World Sustainable Development Summit.
• PM Modi holds India-UAE virtual summit with Abu Dhabi Crown Prince, release roadmap to boost ties.
• India France sign roadmap to enhance bilateral exchanges on blue economy and ocean governance.
• India, Maldives hold dialogue to expand defence cooperation.
• India-EU hold 2nd maritime security dialogue; both commit to inclusive, rules-based Indo-Pacific.
• US announces Indo-Pacific strategy to support India’s continued rise and regional leadership.
• Jaishankar, British counterpart Liz Truss discuss India-UK ‘Roadmap 2030’, Ukraine.
• Saudi Arabia land forces Commander calls on Army chief Naravane on first visit to India.
• Oman Defence Ministry’s Secretary General calls on Air Chief Marshal, discusses bilateral ties.
• Govt creates post of Maritime Security Advisor, Vice Admiral Ashok Kumar takes Charge.
• 40 countries take part in Indian Navy’s multilateral exercise MILAN 2022.
• Army Chief MM Naravane discusses bilateral defence cooperation with Australian counterpart.
• 3 more Rafale jets arrive in India from France, total 35 of 36 aircraft acquired.
• Defence Ministry makes induction of women fighter pilots in IAF a permanent scheme.
• ISRO successfully launches PSLV-C52 carrying ‘earth observation’ & 2 other satellites.
• PM CARES Fund corpus triples to ₹10,990 crore in FY 2020-21; disbursal rises to ₹3,976 crore.
• Centre approves ₹26,275-crore police modernisation scheme for five more years from 2021-22 to 2025-26.
• Centre approves ‘Education for all’ scheme for non-literates of 15 years above.
• Home Ministry bans 54 Chinese apps citing security concerns.
• J&K delimitation Panel proposes 17 Assembly seats in Jammu, 12 in Kashmir; gets time to redraw map.
• Telangana CM K Chandrasekhar Rao meets Sharad Pawar, Uddhav Thackeray, discusses ‘anti-BJP front’.
• PM Modi unveils giant ‘Statue of Equality’ in remembrance of Saint Ramanujacharya in Hyderabad.
• Lalu Yadav gets 5 years in jail in fodder scam case, fined ₹ 60 lakh; CBI court convicts 74 others.
• ED arrests Nawab Malik in money laundering case linked to Dawood Ibrahim.
• SC refuses to hear plea challenging Karnataka HC interim order on Hijab row.
• CBSE to conduct 2nd term board exam for classes 10, 12 in offline mode from April 26.
• India, Nepal sign MoU to construct motorable bridge across Mahakali river in Dharchula.
• Jal Jeevan Mission achieves milestone of providing tap water to 9 crore rural homes in the country.
• India’s total tally of COVID-19 cases rises to 4,29,31,045, death toll climbs to 5,14,054.
• Cumulative COVID-19 vaccine doses administered in India cross 177 crore.
• Centre asks states, UTs to end additional COVID curbs amid decline in cases.
• Govt removes ‘At Risk’ marking for countries with high Omicron caseload.
• India’s melody queen Lata Mangeshkar, Bappi Lahiri, Rahul Bajaj passed away.
• India abstains from procedural vote ahead of discussion on Ukraine at UN Security Council.
• President Putin accuses West of deliberately ignoring Russia’s security concerns over Ukraine.
• Putin recognises Ukrainian separatist regions as independent nations; EU, UK, Australia, Canada, Japan impose sanctions.
• Germany suspends Nord Stream 2 gas pipeline Project Approval for Russia.
• Russia’s Vladimir Putin announces military operation in Ukraine.
• Ukraine’s military retaliates; tens of thousands civilians flee their homes.
• Russian President Vladimir Putin orders military command to put nuclear deterrent forces on high alert.
• First round of peace talks between Ukraine & Russia end with no agreements; second round scheduled.
• India abstains from UNSC resolution against Russian aggression; Russia vetoes resolution.
• NATO bolsters arms supply to Ukraine with anti-tank weapons; US approves $350 million in military aid.
• Global COVID-19 caseload tops 437 million, fatalities at 5.97 million.
• One Ocean Summit: More than 100 nations commit to take action to save oceans from human harm.
• US approves appointment of Masood Khan as Pakistan’s envoy to Washington.
• Biden signs order to split $7 billion frozen Afghan funds to 9/11 victims, humanitarian relief.
• Pakistan allows Indian humanitarian relief passage to Afghanistan.
• Bill Gates make his first-ever visit to Pakistan, discusses health issues with PM Imran Khan.
• Pakistan PM Imran Khan to visit Russia on Wednesday, first visit by Pakistan premier in 23 years.
• Truckers end U.S. border blockade Canadian PM declares end of 10-day state of emergency.
• South Korea, US, Japan commit to close coordination against North Korean missile threats.
• Myanmar’s Ousted Leader Suu Kyi slapped with the 11th corruption charge, faces 150 years in prison.
• Queen Elizabeth marks 70 years on the throne; backs Camilla as Queen Consort.
• India vs West Indies: India sweep ODI and T20 series 3-0.
• India vs Sri Lanka: IND register historic 12th consecutive T20I win, clinch series sweep over SL.
• Rohit Sharma replaces Virat Kohli as India’s new Test captain.
• India climbs to top spot in ICC T20 rankings after series sweep over WI.
• ICC Women’s ODI Rankings: Mithali Raj climbs to second spot, Smriti Mandhana retains sixth position.
• IPL 2022 to be played across four venues in Mumbai and Pune, final on May 29.
• ICC U-19 Cricket World Cup 2022: India beat England by 4 wickets in finals to win record-extending 5th title.
• Beijing 2022 Opening Ceremony starts with spectacular ‘Beginning of Spring’ sequence.
• Arif Khan finishes 45th out of 89 competitors in giant slalom of 2022 Beijing Winter Olympics.
• Norway tops Winter Olympics medals table with 37 followed by Germany(27) and China(15).

Business News

• RBI keeps repo, reverse repo rates unchanged at 4% and 3.35%, respectively for 10th time in a row; pegs FY22 GDP growth at 9.2%.
• Centre releases revenue deficit grant of ₹9,871 crore to 17 states.
• Food Processing Ministry gives nod to 83 proposals for incentives under PLI scheme.
• Govt receives 5 proposals for semiconductor % display manufacturing under the ₹76,000 crore PLI scheme.
• Govt to develop 22 Greenfield Expressways, 23 key infrastructure projects & 35 Multi-Modal Logistics Parks.
• Govt bans import of foreign drones, lists exceptions; scraps requirement of drone pilot license.
• Karnataka approves 88 industrial projects worth ₹ 2,367.99 crore.
• Suzuki, Hyundai, Tata Motors among 20 companies selected for sops under Auto PLI scheme.
• Govt makes seatbelts mandatory for all cars carrying up to 8 passengers.
• Centre makes helmet, safety harness a must for kids riding pillion.
• Govt approves up to 20% FDI in LIC under automatic route.
• Indian government pays Cairn Energy PLC ₹7,900 crore to settle retro tax dispute.
• Adani Wilmar, Manyavar-owner Vedant Fashions make their market debut.
• TCS approves ₹18,000 crore share buyback; February 23, 2022, fixed as the record date.
• Centre places purchase order for 5 crore doses of Corbevax Covid vaccine each costing ₹145 sans tax.
• Govt approves EUA for Sputnik Light and BE’s Covid jab Corbevax for 12-18 years age group.
• DGCI gives nod to SII’s proposal to manufacture vaccine against omicron for test, analysis.
• Zydus Cadila starts supplies of its anti-COVID vaccine ZyCoV-D to government, priced at ₹265 per dose.
• Eli Lilly’s new antibody drug to fight Omicron receives US FDA authorization.
• Canada authorises Medicago’s 2-dose vaccine, first plant-based COVID-19 vaccine for adults aged 18 to 64.
• IIFL Home Finance signs $68 million loan with ADB; to boost affordable green housing in India.
• Blackstone acquires majority stake in wealth management firm ASK from Advent, others.
• Tata Teleservices withdraws plan to convert its accrued interest on deferred AGR dues into govt equity.
• Airtel joins SEA-ME-WE-6 undersea cable consortium to scale up high-speed network.
• Jio Platforms invests $200 million in internet company Glance for 17% stake.
• Jio’s subsea cable system IAX to connect Maldives to India, Singapore.
• Biden administration rolls out $5 billion funding plan to states for electric vehicle chargers.
• Jaguar Land Rover ties up with Nvidia to develop software for SUVs.
• Tesla to accept Dogecoin as payment at Supercharging station.
• IL&FS resolves ₹324 crore debt by selling stake in Warora Chandrapur Highway.
• CBI interrogates Former NSE Chief Chitra Ramkrishna, accused of sharing info with Himalayan Yogi.
• ₹18,000 crore returned to banks in cases related to Vijay Mallya, Nirav Modi & Mehul Choksi: Govt to SC.
• Karnataka HC strikes down state’s prohibition on online gaming involving money.
• Gujarat-based ABG Shipyard accused of defrauding 28 banks of Rs 22,842 crore by CBI.
• Oil prices surge above $100 a barrel for first time in 8 years as Ukraine crisis escalates
• Sri Lanka imposes rolling power cuts as economic crisis worsens.
• EXIM Bank signs $500 million LoC agreement with Sri Lanka.
• China imposes sanctions on US defense giants Lockheed, Raytheon over Taiwan deal.
• India, UAE signs a free trade pact, to almost double two-way trade to $100 billion in the next five years.
• IMF approves $1 billion loan tranche for Pakistan.
• France become the first country to join China to build $1.7 billion global infra projects.
• Pakistan signs new pact with China to kick off 2nd phase of CPEC.
• Vedanta signs up with Foxconn to manufacture semiconductors in India.
• Intel agrees to $6 billion deal to buy Israel’s Tower Semiconductor Ltd.
• Former US President Donald Trump’s Truth Social app launches on Apple App Store.
• Amazon India signs MoU with Karnataka govt to turn rural women into entrepreneurs.
• Online health and fitness platform Cult.fit acquires Gold Gym fitness chain across India.
• Ravi Mital appointed head of Insolvency and Bankruptcy Board of India.
• Madhabi Puri Buch appointed as SEBI India Chairperson for a term of 3 years.
• N Chandrasekaran gets extension as Chairman of Tata Sons for 5 years.
• Former Turkish Airlines Chairman Ilker Ayci named Air India CEO.
• IndiGo appoints co-founder and promoter Rahul Bhatia as MD; Rakesh Gangwal resigns from board.
• Former Sri Lankan Airlines CEO Vipula Gunatilleka appointed as Jet Airways CFO.
• Sanjeev Sanyal inducted into Economic Advisory Council to PM.
• World Bank’s India head Junaid Ahmad appointed Vice President, Operations

Q3 Results

• SBI Q3 profit jumps 62% YoY to ₹8,432 crore on lower provisions, NII increased 6.48% to ₹30,687 crore.
• Bank of Baroda Q3 net profit doubles to ₹2,197 crore on lower provisions, NII jumps 14% to ₹8,552 crore.
• HDFC Q3 net profit rises 11% YoY to ₹3,261 crore, NII rose 5% to ₹4,284 crore.
• Tech Mahindra Q3 profit up 4.5% YoY to ₹1,369 crore, revenue up 18.7% to ₹11,451 crore.
• M&M reports 57% jump in Q3 net profit at ₹1,987 crore, revenue increased 9% to ₹23,594 crore.
• Ashok Leyland reports Q3 net profit at ₹5.7 crore, revenue rose 15% YoY to ₹5,535.2 crore.
• ONGC Q3 Profit jumps 220% YoY to ₹11,637 crore, revenue gains 45% to ₹1.46 lakh crore.
• Bharti Airtel profit drops 2.8% to ₹830 crore in Q3; revenue up 12.6% to ₹29,867 crore, ARPU falls to ₹163.
• Nykaa Q3 Profit plunges 58% to ₹29 crore; revenue up 36% ₹1,098.36 crore.
• Zomato’s Q3 loss narrows to ₹63.2 crore; revenue jumps 82% YoY to hit ₹1,112 crore.
• Nestle India Q4 profit dips 20% YoY to ₹386.66 crore, net sales up 8.9% to ₹3,739.32 crore.

General News

• Assembly elections 2022: EC announces 7-phase election in 5 states from Feb 10, counting on March 10.
• UP to vote in 7 phases; Manipur in 2 phases; Punjab, Uttarakhand, Goa in single phase.
• CM Adityanath to contest from Gorakhpur, Akhilesh Yadav to contest from home turf Karhal.
• AAP names Bhagwant Mann as Punjab’s CM candidate, Amit Palekar as Goa CM candidate.
• India displays its military might, cultural diversity, socio economic progress at 73rd Republic Day parade.
• President approves 384 Gallantry Awards, other decorations to Armed Forces; Padma awards announced.
• Vaccination for 15-18 age group, booster dose to senior citizens, healthcare and frontline workers begins.
• India’s total COVID caseload touches 4.14 crore; cumulative vaccination crosses 166.7 crore.
• Focus on localised curbs to contain COVID, minimise damage to livelihood: PM Modi to Chief Ministers.
• No one can be forced to get vaccinated against their wishes: Centre tells SC.
• PM Modi launches India-assisted projects with Mauritius counterpart Pravin Kumar Jugnauth.
• PM Modi reviews strategic partnership with new German Chancellor Olaf Scholz .
• India, 5 Central Asian countries decide to establish joint working group on Afghanistan.
• PM lays foundation stone of 22 developmental projects worth over ₹4,800 crore in Imphal.
• PM Modi virtually inaugurates 11 medical colleges in Tamil Nadu.
• Assam, Nagaland CMs discuss on issues of ‘mutual interest, status quo along interstate border for now.
• Centre withdraws SSG security cover to 4 ex-J&K CMs – Abdullahs, Mehbooba Mufti & Ghulam Nabi Azad.
• SC appoints panel headed by ex-judge Indu Malhotra to probe breach in PM’s security in Ferozepur.
• SIT files chargesheet in Lakhimpur Kheri violence case, names MoS Ajay Misra`s son as prime accused.
• Amar Jawan Jyoti at India Gate merged with National War Memorial Flame.
• Indian Army unveils new digital combat uniform at Army Day parade.
• India, China hold 14th round of military talks to resolve eastern Ladakh standoff.
• Lt Gen Manoj Pande appointed as next Army Vice Chief.
• India bags contract from Philippines for BrahMos missiles worth $374 million.
• India successfully test-fires new version of BrahMos supersonic cruise missile off Odisha coast.
• CDS General Bipin Rawat’s chopper crashed due to inclement weather, ‘entry into clouds’: IAF.
• Rocket scientist S Somnath to be new ISRO chief for three years, replaces K Sivan.
• Global COVID caseload tops 375 million, deaths surge to more than 5.68 million.
• COVAX program delivers 1 billion doses to 144 poor countries: WHO.
• EU ends omicron travel ban on flights from southern Africa.
• UN launches nearly $5 billion aid appeal for Afghanistan; US announces $308 million in aid.
• US suspends all commercial flights to China ahead of Beijing Winter Olympics.
• Leaders of US, Russia, Britain, France, and China adopt joint statement on preventing nuclear war.
• Ukraine’s President Zelenskyy urges calm as world leaders work to avert Russian invasion.
• Australia, Japan sign ‘historic’ defence pact amid China concerns.
• US and Japan strengthen defence ties by signing 2 new defence deals.
• South Korea inks deal with UAE to sell mid-range surface-to-air missiles.
• North Korea launches 7th missile test in 1 month.
• Iran blacklists 51 Americans over assassination of former military commander Qasem Soleimani.
• Myanmar’s ousted leader Aung San Suu Kyi jailed for 4 more years for possessing walkie-talkies.
• Indonesia passes Law to move capital from Jakarta to remote Borneo.
• Justice Ayesha Malik takes oath as first woman judge of Pakistan’s Supreme Court.
• Malta’s Roberta Metsola becomes youngest person elected European Parliament president.
• Massive underwater volcanic eruption in Tonga triggers tsunami; Magnitude 6.2 earthquake hits again.
• China successfully tests ‘Artificial Sun’ to harness clean energy by 2040, 5 times powerful than real Sun.
• Virat Kohli steps down as India’s Test captain after 7 years in role.
• South Africa beat India by 4 runs in a thriller to complete 3-0 series sweep.
• South Africa secure 2-1 Test series victory over India.
• ICC Awards 2021: Babar Azam, Lizelle Lee named ODI Cricketers of the year; Mohammad Rizwan and Tammy Beaumont named ICC T20 Cricketers of the Year.
• Smriti Mandhana, Shaheen Afridi named ICC Cricketers of the Year.
• Babar Azam named Captain of the ODI and ICC T20I Team of the year.
• T20 World Cup 2022 to start from Oct 16; India to begin campaign against Pakistan on October 23.
• FIFA Awards: Robert Lewandowski, Alexia Putellas named Best Players; Cristiano Ronaldo honoured.
• Shuttler Tasnim Mir becomes first Indian to claim World No. 1 status in U-19 girls singles.
• India Open 2022: Lakshya Sen wins men’s singles crown; Satwik-Chirag pair claims maiden title.
• Australia bars Novak Djokovic, cancels entry visa over vaccination status.
• Australian Open: Rafael Nadal secures 21st Grand Slam; World No.1 Ash Barty claims her maiden title.
• France’s Kristina Mladenovic, Croatian Ivan Dodig win Australian Open mixed doubles title.

Business News

• Nirmala Sitharaman presents Union Budget 2022-23; expects economic growth at 9.2% in the current fiscal.
• RBI to issue India’s first digital currency in FY22-23 using Blockchain.
• Cryptocurrency income to be taxed at 30%, no change in income tax slabs.
• 400 new Vande Bharat trains to be introduced, National Highway network will be expanded by 25,000 kms.
• Economic Survey forecasts FY23 real GDP growth at 8-8.5%.
• Govt approves ₹12,000 crore green energy corridor phase-II to modernise transmission.
• Centre approves ₹1,500 crore infusion in IREDA to boost renewable energy financing.
• Govt clears 20 strategic projects worth ₹30 crores under National Technical Textiles Mission.
• Finance ministry relaxes expenditure cap for Jan-March quarter within revised estimates.
• J&K inks 6 deals with global investors at Dubai Expo 2020.
• Assam govt partners with NDDB to set up ₹2,000 crore dairy joint venture.
• Govt completes formal handover of Air India to Tata Group.
• Tatas gets loan commitment from SBI-led consortium for Air India.
• DGCA extends suspension of commercial passenger flights to and from India till Feb 28.
• Number of handbags per passenger reduced to 1 to reduce congestion and security threat.
• PM Modi propagates “Pro-Planet People” approach at WEF Davos Agenda 2022.
• India, South Korea agree to fast-track trade talks, set $50 billion bilateral trade target before 2030.
• India allows imports of US pork, pork products for the first time.
• World Bank projects India’s growth at 8.3% for FY 2021-22; 8.7% in FY 2022-23.
• India grants $900 million loan to Sri Lanka to build forex reserve; extends $500 million LoC for fuel import.
• Sri Lanka inflation hits record 14%; govt announces $1.2 billion economic relief package.
• China cuts interest on 1-year medium-term loans for first time since April 2020.
• Bank of Japan revises inflation projection for first time since 2014, no policy change.
• UK-EU resume talks on Brexit trade spat.
• Supreme Court upholds winding up of Devas Multimedia.
• Cairn withdraws all lawsuits against India, to get ₹7,900 crore tax refund.
• UK court orders eviction of Vijay Mallya from his London home over UBS’ unpaid loan.
• Covishield, Covaxin get conditional market nod.
• Aurobindo Pharma launches Molnaflu, its brand of Molnupiravir, an Oral COVID pill in India.
• Lupin launches antiviral medication Molnulup for COVID-19 treatment in India.
• Govt proposes mandatory 6 airbags in all new cars carrying up to 8 people from October 2022.
• Delhi government directs cab aggregators and delivery service providers to add 50% EVs by 2023.
• Toyota dethrones GM to become America’s top-selling automaker in 2021.
• Renault, Geely to jointly design and produce electric hybrid and gasoline-fueled vehicles in South Korea.
• Hero Future Energies ties up with Ohmium to set up 1GW green hydrogen facilities in India, UK, Europe.
• M&M partners with Hero Electric, to manufacture electric bikes Optima & NYX.
• TVS Motor acquires Switzerland’s e-bike firm SEMG for $100 million.
• Verizon, AT&T delay 5G rollout around some airports after stark warnings from US airlines.
• Voda Idea, Tata Teleservices opt for conversion of AGR dues into equity; Airtel opts for interest payment.
• Reliance Jio pre-pays ₹30,791 crore clearing all spectrum liabilities.
• Nokia, Tech Mahindra partner for 5G-based solutions for enterprises.
• Bharti’s OneWeb, Hughes partner to provide satellite broadband services in India.
• Google invests $1 billion in Airtel for shaping India’s digital ecosystem, takes 1.28% stake for $700 million.
• Airtel Payments Bank gets permission to function as scheduled bank from RBI.
• TCS wins second phase of Passport Seva Programme valued at about ₹6,000 crore.
• Tech Mahindra partners with US’ Pyze; acquires European firm Com Tec Co IT for  ₹2,620  crore.
• HCL Tech acquires Hungary’s Starschema for $42.5 million.
• Dixon, boAt form 50:50 JV to manufacture Bluetooth enabled audio devices.
• IMF urges El Salvador to dissolve the $150 million Bitcoin trust fund, scale back its Bitcoin push.
• UAE-based LuLu Group’s ₹200 crore MoU for J&K food processing hub.
• Google Cloud ties up with CryptoWire to develop blockchain, crypto ecosystem.
• Future Enterprises sells 25% stake in general insurance JV to partner Generali for ₹1,253 Crore.
• Reliance arm RIHL acquires 73.37% stake in New York’s Mandarin Oriental hotel for $98.15 million.
• Timex Group gets manufacturing, distribution rights for Guess & Gc branded watches in India.
• Facebook parent Meta builds powerful AI Supercomputer to support Metaverse.
• Jubilant FoodWorks launches American restaurant chain Popeyes in India.
• Swiggy turns decacorn; closes $700 million round led by Invesco at $10.7 billion valuation.
• Apple becomes first company to reach $3 trillion market value.
• Govt appoints V Anantha Nageswaran as Chief Economic Advisor.
• Pierre-Olivier Gourinchas replaces Gita Gopinath as IMF chief economist.
• Former RBI Governor Urjit Patel appointed Vice President of AIIB.
• OPEC picks Kuwait’s Haitham Al Ghais as next Secretary-General.
• Senior IAS officer Vikram Dev Dutt appointed new Chairman and MD of Air India.
• Starlink India Head Sanjay Bhargava resigns as it offers refunds for pre-orders.

Q3 Results

• HDFC Bank Q3 profit rises 18% to ₹10,342 crore, net interest income grows to ₹18,444 crore.
• ICICI Bank Q3 net profit up 25% YoY to ₹6,194 crore; NII jumps 23% to ₹12,236 crore, NNPA ratio at 0.85%.
• Kotak Mahindra Bank Q3 net profit up 15% YoY to ₹2,131 crore, NII increases by 12% to ₹4,334 crore.
• RIL Q3 profit up 38% to ₹20,539 crore, revenue grew 54.25% to ₹1.9 lakh crore.
• Reliance Jio Q3 net profit up 9% to ₹3,615 crore, revenue grew 6% YoY to ₹20,597 crore, ARPU up at ₹152.
• TCS Q3 net profit up at ₹9,769 crore, revenue at ₹48,885 crore; announces buyback of ₹18,000 crore.
• Infosys Q3 Net profit up 12% YoY at ₹5,809 crore, revenue up 23% at ₹31,867 crore.
• Dr Reddy’s registers Q3 net profit at ₹707 crore, Consolidated revenues up by 8% YoY to ₹5,320 crore.
• Wipro Q3 net profit at ₹2,970 crore, revenue up 30% YoY at ₹20,432 crore; declares ₹1 interim dividend.
• HUL Q3 profit rises 17% YoY to ₹2,243 crore, sales rises 10% to ₹12,900 crore.
• Maruti Suzuki Q3 net profit falls 48% YoY to ₹1,011 crore, revenue stood at ₹22,187 crore.
• Bajaj Auto Q3 FY22 net profit down 17% QoQ to ₹1,430 crore, income rises marginally ₹9,369.31 crore.
• Vodafone Idea Q3 loss widens to ₹7,231 crore, revenue down 11% YoY to ₹9,717 crore; ARPU up at ₹115.

General News

• Parliament adjourned sine die, ahead of schedule; Lok Sabha registers 82% productivity, Rajya Sabha 47%.
• Bill repealing 3 farm laws gets President’s assent; Cabinet clears draft Bill for linking Aadhaar & voter ID.
• Farmers call off protest after Centre accepts their demands in writing.
• India’s total COVID-19 cases rose to 3,48,38,804; cumulative vaccination coverage exceeds 144.5 crore.
• Omicron tally rose to 1200; Delhi and Maharashtra top the chart.
• India to start administering booster doses for frontline workers and people above 60 from Jan 10.
• COVID-19 vaccine booster dose to be given nine months after second shot.
• Children aged 15 to 17 to be administered Covaxin from Jan 3.
• Centre asks states to impose night curfew, containment zones to curb Omicron spread.
• Govt panel recommends restricted emergency use of Covovax, Corbevax and anti-Covid pill Molnupiravir.
• Himachal Pradesh becomes first state to achieve 100% vaccination.
• Centre releases ₹604 crore to J&K to expedite Jal Jeevan Mission implementation.
• Purvanchal Expressway, Kushinagar Airport, Jewar Airport, Ganga Expressway – among projects announced by PM Modi in poll-bound UP.
• PM Modi inaugurates multiple development projects worth over ₹650 crore in Goa.
• Rajnath Singh inaugurates 27 bridges and 3 roads on LAC and LoC.
• Goa Forward Party, Congress announce alliance ahead of 2022 Assembly polls.
• 14 civilians killed by security forces in Nagaland in a case of mistaken identity; Army orders probe.
• CM Kejriwal launches Dilli Ki Yogshala to help Delhi residents practise yoga under trained teachers.
• Delhi govt extends free ration distribution scheme till May 31.
• AP Govt waives ₹10,000 crore worth home loans of poor under One-Time Settlement (OTS) scheme.
• Cyclone Jawad weakens into deep depression; spares Odisha, Andhra Pradesh any major damage.
• Supreme Court stays proceedings of West Bengal’s Lokur panel probing Pegasus snooping allegations.
• Bhutan confers its highest civilian award on PM Modi on occasion of the country’s National Day.
• India, Central Asian nations vow to fight Afghanistan terror at 3rd India-Central Asia Dialogue.
• Army receives new Israeli Heron drones for deployment in Ladakh sector to boost surveillance along LAC.
• India, Russia hold first ever 2+2 ministerial dialogue; discuss terrorism, Afghanistan, maritime security.
• India-Russia ink AK-203 assault rifle deal, renew 10-year pact for military cooperation.
• Centre approves plan to manufacture 5 lakh AK-203 rifles in UP’s Amethi.
• First Chief of Defence Bipin Rawat, 13 others die in chopper crash in Tamil Nadu’s Coonoor.
• President Kovind confers annual National Awards on International Day of Persons with Disabilities.
• Ex-CM of AP K Rosaiah, Archbishop Desmond Tutu, Nobel Peace prize laureate passes away.
• WHO warns Omicron variant of COVID-19 is spreading at unprecedented rate; reported in 106 countries.
• Countries brace for renewed restrictions amid Omicron surge.
• Global Omicron surge drives cases to record highs in 20 countries; total Covid caseload tops 288.5 million.
• China reports sudden spike in COVID-19 cases ahead of Winter Olympics.
• United Nations adopts resolution on North Korean human rights abuses.
• US President Biden bans import of goods from China’s Xinjiang province to prevent use of forced labour.
• US imposes sweeping human rights sanctions on China, Myanmar and North Korea.
• Biden signs stopgap funding bill to keep government running until mid-February.
• US President Biden signs $770 billion defence bill.
• Russia warns of ‘grave consequences’ after U.S. reaffirms threat of sanctions over Ukraine.
• Olaf Scholz takes over from Angela Merkel as German chancellor.
• Iran steps up uranium enrichment capacity despite talks to salvage nuclear deal.
• UAE switches weekend to Saturday-Sunday from next year.
• Taliban government resumes issuing Afghan passports in Kabul.
• Turkey, Qatar enters into deal with Taliban on running airport of Kabul.
• Pakistan approves its first-ever National Security Policy.
• Myanmar court sentences ousted leader Aung San Suu Kyi to 4 years.
• US, UK, Canada and Australia stage diplomatic boycott of Beijing Winter Olympics.
• WADA reinstates India’s dope testing lab accreditation.
• Indian legend Anju Bobby George wins Woman of the Year Award from World Athletics.
• BWF World Championships: Kidambi Srikanth settles for silver.
• Rohit replaces Kohli as ODI captain, takes over from Rahane as Test vice-captain.
• IPL Retention: Dhoni, Kohli, Rohit, Bumrah, Pant retained; Rahul, Rashid opt to go into auction pool.
• India beat New Zealand by record 372 runs to win Test series 1-0, reclaims top spot in Test Rankings.
• IND vs SA 1st Test: India beat South Africa by 113 runs, take 1-0 lead in 3-match series.
• R Ashwin takes 50 Test wickets for 4th time in calendar year; overtakes Kumble and Harbhajan.
• Ajaz Patel becomes 3rd bowler after Jim Laker, Anil Kumble to take all wickets in an innings.
• Harbhajan Singh, New Zealand’s Ross Taylor, South Africa’s Quinton de Kock announce retirements.
• The Ashes: Australia retain Ashes after thrashing England by an innings for 3-0 series lead.
• Formula 1: Red Bull’s Max Verstappen took his first Formula One title.
• Lewis Hamilton receives knighthood from Prince Of Wales for services to motorsport.

Business News

• Government seeks Parliament nod for ₹3.73 lakh crore additional spending this fiscal.
• Cabinet approves ₹76,000-crore incentive scheme for semiconductors, display manufacturing; ₹1,300 crore to promote digital payments.
• 46th GST council meet defers rate hike on textiles.
• PM lays foundation stone of hydropower projects worth over ₹11,000 crore in Mandi, Himachal Pradesh.
• Power minister RK Singh approves 23 new inter-state transmission system projects worth ₹15,893 crore.
• Ministry of Electronics and IT releases national strategy on blockchain for its adoption in govt systems.
• J&K government inks 39 MoUs worth over ₹18,000 crore at maiden realty summit.
• Invest Rajasthan: State govt inks MoUs for ₹36,820 crore in Tamil Nadu.
• Vibrant Gujarat: 16 more MoUs inked for investments in hospitality, defence accessories.
• Odisha extends additional rice distribution for 4 months till 2022 March under State Food Security Scheme.
• Commercial LPG cylinders hiked by ₹100, second price increase since November 1.
• Railways to get ₹20,000 crore in supplementary grants as capital expenditure.
• Government issues advisory against Ed-Tech companies in India, urges citizens to use caution.
• I-T relaxes time till February 2022 for taxpayers to complete verification of FY’20 ITRs.
• RBI extends card tokenisation deadline by 6 months till June-end.
• RBI holds repo rate at 4%; FY21 GDP growth pegged at 9.5%, inflation unchanged at 5.3%.
• United Forum of Bank Unions holds two-day strike to protest the Centre’s plan to privatise PSU banks.
• India Post Payments Bank partners HDFC Bank for banking products, services in semi-urban and rural areas.
• Kotak Mahindra rolls out business with WazirX for Crypto trading.
• Paytm Payments Bank receives ‘scheduled bank’ status from RBI.
• Star Health, Tega Industries, Anand Rathi Wealth, Shriram Properties, RateGain Travel Technologies, MapmyIndia, Metro Brands, MedPlus Health Services, Data Patterns, HP Adhesives, Supriya Lifescience make market debuts.
• WHO approves emergency use listing for Serum Institute’s Covovax.
• DCGI approves Covaxin for emergency use in age group between 12 and 18 years.
• Serum Institute of India delivers first Novavax vaccine batch through COVAX.
• Biocon partners with Tabuk Pharma to commercialise its specialty generic medicines in Middle East.
• DGCA extends ban on scheduled international passenger flights till January 31.
• CCI approves Tata Group acquisition of Air India
• Tata group prepares 100-day plan to improve service, operational standards of Air India.
• Tata Motors signs MoU with Maharashtra Govt to set up a vehicle scrapping facility.
• Tesla gets approval for launch of 3 more models in India.
• Tata Motors incorporates EV subsidiary Tata Passenger Electric Mobility.
• Mercedes gets nod to use hands-free driving system in Germany.
• Bajaj Auto commences work at its new EV facility, roll out in June 2022.
• Murugappa Group enters India’s EV market, rolls out e-auto and cargo three-wheeler under Montra brand.
• DoT releases bank guarantee of around ₹9,200 crore of Airtel, VIL, Jio.
• Airtel, TCS successfully test 5G use cases on Neural Manufacturing solutions.
• Airtel pre-pays ₹15,519 crore to clear all deferred liabilities for spectrum acquired in 2014.
• Qualcomm, Google Cloud announce collaboration to create next-gen mobile AI.
• Vedanta group to invest ₹60,000 crore to set up chip manufacturing unit in India.
• Tech Mahindra acquires 100% stake in Activus Connect for ₹466 crore.
• HCL Tech and apoBank to acquire German IT consulting firm gbs for €99,000.
• Wipro acquires US cybersecurity firm Edgile for $230 million.
• Apple puts Foxconn plant on probation, iPhone 12 production on hold until further notice.
• Oppo signs deal with ISRO to strengthen R&D of NavIC messaging service.
• China tightens scrutiny on offshore listings in sectors off-limits to foreign investment.
• Bharat Petroleum collaborates with Bhabha Atomic Research Centre for Green Hydrogen production.
• UK signs free-trade agreement with Australia to bolster post-Brexit economic ties.
• Pakistan receives $3 billion loan from Saudi as part of economic support package.
• Reliance, Abu Dhabi-based TA’ZIZ form joint venture for $2 billion chemical projects in Ruwais.
• CCI suspends Amazon-Future Group deal citing suppression of information.
• Zee-Sony merger gets approval from board; Sony to hold 50.86% stake in the merged entity.
• Grofers rebrands to Blinkit in line with its 10-min grocery delivery plan; sets up 300 partner stores.
• Flipkart, Walmart invest $145 million in Ninjacart.
• PhonePe becomes first payment platform to tokenise cards on Visa, Mastercard and Rupay.
• NASA awards $415.6 million to Jeff Bezos’ Blue Origin, others for new space hubs.
• Apple’s Tim Cook signs $275 billion deal with Chinese officials to placate China.
• Swiggy and ANRA Technologies conduct first-ever delivery trials of food, medicine with drones.
• Vedanta withdraws cases against govt to settle ₹20,495 crore retro tax dispute.
• UK high court defers decision on Nirav Modi’s appeal against extradition.
• Italy fines Amazon record $1.3 billion for abuse of market dominance.
• Cult.fit acquires RPM fitness, Fitkit, Onefitplus, and Urban Terrain brands in a single transaction.
• Samsung merges Mobile and Consumer Electronics Divisions in management restructuring.
• Health-tech startup Pristyn Care raises $96 million in Series E round, joins Unicorn club.
• China removes 106 apps from app stores citing privacy violations.
• WhatsApp empowers 500 villages in Karnataka, Maharashtra with access to digital payments.
• Workers in New York Vote to Form First Starbucks Union in the US.
• Gita Gopinath to take on new role at IMF as First Deputy Managing Director.
• Senior bureaucrat Alka Upadhyaya appointed National Highways Authority of India Chief.
• RBI appoints Yogesh Dayal as additional director on RBL Bank board for 2 years.
• Centre appoints Atul Kumar Goel as new MD & CEO of Punjab National Bank.
• Infosys scraps COO position after UB Pravin Rao retires, distributes responsibilities among top executives.
• OYO rooms appoints former SBI Chairman Rajnish Kumar as Strategic Group Advisor.
• Jefferies resigns as loan agent for spyware maker NSO Group.

General News

• Winter Session of Parliament begins from November 29, to go on till December 23.
• PM Modi announces repeal of 3 contentious farm laws; Farm laws repeal Bill passed by both the Houses.
• WHO names new COVID strain ‘Omicron’, classifies it as ‘highly transmissible’.
• Centre advises States to ramp up testing for early detection of cases over Omicron scare.
• India COVID tally touches 3.46 crores, Active cases account for 0.30% of total infections.
• Global COVID-19 caseload crosses 263 million: deaths surge to more than 5.2 million.
• Over 124 crore COVID vaccine doses administered I India so far; 32% fully vaccinated.
• India to hit net-zero climate target by 2070: PM Modi at COP26 climate summit.
• Almost 200 nations strike climate deal with coal compromise; International Solar Alliance signs UN pact.
• Centre extends funding for weather, climate services to ₹2,135 crore.
• Defence Acquisition Council gives nod to production of AK 203 rifles.
• Ajit Doval chairs Security Dialogue on Afghanistan; NSAs of 7 countries raise issue of terrorism in Kabul.
• CDS General Rawat meets Czech Army’s Chief of General Staff, discusses bilateral defence cooperation.
• Gen Naravane meets with Israeli General; discusses aspects of bilateral military cooperation.
• Admiral R Hari Kumar takes charge as 25th Chief of Naval Staff.
• Defence Ministry formally lifts ban on Italian firms Leonardo SpA, AgustaWestland.
• President confers honorary rank of ‘General of the Indian Army’ to Nepal Army Chief.
• President Ram Nath Kovind confers Gallantry Awards and Padma Awards.
• PM Modi launches 341km long Purvanchal Expressway; inaugurates projects worth ₹3,240 crore in UP.
• PM Modi inaugurates re-development projects worth ₹130 crore in Uttarakhand.
• Centre releases about ₹8,400 as health sector grant to states.
• Govt extends 5-kg free foodgrains scheme till March 2022 under PMGKAY.
• Delhi govt extends free ration supply till May 2022; approves allocation of ₹1,544 crore for COVID-19.
• Air pollution: Delhi govt bans construction, demolition activities, entry of trucks till further orders.
• Workers affected by ban on construction activities to be given ₹5,000 each: CM Arvind Kejriwal.
• Assam CM Himanta Biswa and Mizoram CM Zoramthanga agree to form panel to solve the border dispute.
• Rajasthan Cabinet expansion: 11 Cabinet Ministers, 4 MoS sworn in including 5 Pilot loyalists.
• Captain Amarinder Singh quits Congress, launches new party ‘Punjab Lok Congress’.
• Jammu and Kashmir gets State Investigation Agency to conduct speedy probes in terror-related cases.
• Heavy rains lashes most parts of South India; Andhra, Tamil Nadu, Kerala received over 100% rains in Nov.
• Ex-Meghalaya CM Mukul Sangma joins Trinamool with 11 MLAs.
• Trinamool names ex-Goa CM Luizinho Faleiro as candidate for Rajya Sabha bypoll.
• Samajwadi Party Chief Akhilesh Yada finalises alliance with Rashtriya Lok Dal for upcoming UP elections.
• Kartarpur Sahib Corridor reopens after 20 months.
• Shimla tops Niti Aayog’s urban development index followed by Coimbatore and Chandigarh.
• Swachh Survekshan 2021 Awards: Indore’s clean sweep bags top honours fifth time in a row.
• India re-elected to UNESCO executive board for 2021-25 term.
• Pakistan allows India to send 50,000 wheat over land to Afghanistan.
• US mandates vaccines or weekly tests for big companies by January 4.
• Biden-Xi virtual meeting ends with both sides calling for more cooperation amid tensions.
• Biden signs the $1 trillion bipartisan infrastructure bill into law; House sends social spending bill to Senate.
• Xi Jinping officially announces establishment of China-ASEAN comprehensive strategic partnership.
• UK PM Johnson and French President Macron agree to step up efforts to prevent migrant crossings.
• German parties seal coalition deal to make Olaf Scholz chancellor.
• UAE reopens embassy in Afghanistan; Taliban says ‘we have good relations’.
• China’s Communist Party’s key conclave passes ‘landmark resolution’ ensuring Xi Jinping’s record 3rd term.
• Beijing tightens measures as COVID cases spike, raises concerns over zero-virus policy.
• Countries reintroduce travel bans over omicron variant.
• Fumio Kishida reelected Japan’s Prime Minister in parliamentary vote.
• US, Canada, Mexico leaders meet in first summit since 2016.
• Sri Lanka reports new sub-lineage of COVID-19’s Delta variant.
• Troika Plus: Pakistan pitches for including Taliban in talks on Afghanistan with US, Russia, China envoys.
• Pakistan enacts law to give Kulbhushan Jadhav right to file review appeal against his conviction.
• Sudan’s military agrees to reinstate ousted PM Abdalla Hamdok.
• T20 World Cup: Australia win their 1st title by outclassing New Zealand in final.
• India vs New Zealand: India wins the T20I series 3-0; 1st Test ends in draw.
• BCCI appoints Rahul Dravid as India head coach till 2023 ODI World Cup.
• West Indies all-rounder Dwayne Bravo to retire from international cricket after T20 World Cup.
• AB de Villiers announces retirement from all forms of cricket.
• Australian Open confirms players must be vaccinated to play in 2022.
• J&K’s alpine skier Arif Khan becomes first Indian to win 2022 Winter Games quota.
• Lionel Messi wins record 7th Ballon d’Or as Barcelona’s Alexia Putellas claims women’s award.

Business News

• Centre notifies GST rate changes for footwear, textiles to correct inverted duty structure.
• Auto-rickshaw services provided through e-commerce platforms to attract 5% GST.
• Centre releases ₹17,000 crore as GST Compensation to States, UTs.
• India’s Purchasing Managers’ Index moves up to 55.9 as against 53.7 in September.
• India’s service sector PMI surges to decade high at 58.4 in October.
• Cabinet approves construction of 32,152 km roads in far-flung areas of country at a cost of ₹33,822 crore.
• PM Modi lays foundation stone of highway projects worth ₹11,090 crore in Maharashtra.
• Govt to install 6,000 EV charging stations across 9 expressways in the country.
• Centre cuts excise duty on petrol by ₹5, diesel by ₹10 in Diwali reprieve.
• Commercial LPG cylinder price hiked by ₹266; no change for domestic use.
• Government announces bill to ban cryptocurrencies, push official digital currency of RBI.
• Centre approves ₹6,466 crore package for telecom services in remote areas.
• SIDBI ties up with Google to support MSMEs with upto ₹1 crore.
• Govt inks $61 million loan pact with ADB for development projects in Agartala.
• Jyotiraditya Scindia launches online platform e-GCA to provide 298 services of DGCA.
• India, ADB sign $300 million loan pact to boost primary health care in country.
• RBI issues revised Prompt Corrective Action framework for banks, to be effective from Jan 1 .
• RBI gives go-ahead to FPIs to invest in InvITs, REITs.
• PB Fintech, Fino Payments, One 97(Paytm), Nykaa, Sapphire Foods, Tarsons Product, Go Fashion, Sigachi Industries make their market debuts.
• India resumes overseas supply of India-made COVID-19 vaccines.
• India’s first homegrown COVID-19 vaccine Covaxin wins WHO emergency use listing.
• Bharat Biotech’s US partner Ocugen seeks Covaxin approval for kids.
• President Biden nominates Jerome Powell for second term as Fed chief, opting for continuity.
• China’s central bank injects 1 trillion yuan via medium-term loans into the financial system.
• Bank of England holds interest rate at a record low 0.1% despite soaring inflation.
• Japan unveils record stimulus package worth $490 billion to fix ailing economy.
• US launches auction for 32 million barrels of crude oil from 4 strategic petroleum reserves (SPR) sites.
• G20 nations agree to limit global average temperature increase to 1.5 C above pre-industrial levels.
• India, Indonesia, Philippines and South Africa join coal transition programme.
• US bank BNY Mellon cuts ties with Adani’s Carmichael coal mine in Australia.
• Reliance Industries exits US shale gas business.
• UK launches India Green Guarantee, commits new funds for EVs in India.
• Maruti Suzuki Toyotsu India opens first vehicle scrapping unit in Noida.
• Rivian and Ford scrap plans to develop an electric vehicle together.
• Ford partners with GlobalFoundries to advance semiconductor chip manufacturing in the U.S.
• Rakesh Jhunjhunwala-backed Akasa Air orders 72 Boeing 737 Max Aircraft to launch service in India.
• Boeing reaches $225 million settlement in shareholder lawsuit over 737 Max safety.
• General Electric to split into 3 public companies to simplify business, pare debt.
• Airtel conducts India’s 1st 5G trial in 700 MHz band with Nokia in Kolkata.
• OPPO conducts first 5G call from Hyderabad lab.
• Bharti Airtel, Oracle widen alliance to bring cloud solutions range to over 1 million enterprise users.
• Lava becomes first Indian brand to launch 5G smartphone.
• Govt asks Indians to not subscribe to Elon Musk’s satellite internet service Starlink.
• IBM, Amazon partner to extend reach of data tools for oil companies.
• Microsoft enters metaverse race by launching 3D avatars and immersive meetings on Teams.
• Acer India, Dixon Tech partner to manufacture 500,000 laptops annually.
• Apple allows self-repairs to iPhones and Mac computers.
• Microsoft to end support for OneDrive desktop application on Windows 7, 8, and 8.1 from March 1.
• Google signs 5-year licensing deal with AFP for paid news subscription.
• Yahoo pulls out of China, citing ‘challenging’ environment.
• Google commits $740 million to Australia to mend ties after exit threat.
• Amazon, Apple hit with € 200 million antitrust fine in Italy.
• Myntra launches ‘M-Live’ for real-time video-enabled, interactive shopping experience.
• NPCI increases WhatsApp UPI payment cap to 40 million users from 20 million.
• Uber hits its 100th city milestone in India with launch in Telangana’s Warangal.
• Mensa Brands becomes India’s fastest startup to turn unicorn, raises $135 million.
• NoBroker becomes India’s first proptech unicorn after $210 million funding round.
• Twitter co-founder Jack Dorsey steps down as CEO, succeeded by Parag Agrawal.

Q2 Results

• SBI Q2 net profit surges 67% YoY to ₹7,627 crore, NII up 29% at ₹31,183.9 crore, NNPA down at 1.52%.
• HDFC Q2 net profit rises 32% to ₹3,780 crore, revenue from operations rose 4% to ₹12,216 crore.
• Tata Motors consolidated loss widens to ₹4,441 crore in Q2, revenue increase 14.6% to ₹61,378 crore.
• M&M Q2 Net profit soars 785% YoY to ₹1,431.7 crore, revenue grows 14.7% to ₹13,305.4 crore.
• Ashok Leyland reports Q2 net loss at ₹84 crore, consolidated revenue up by 44% YoY to ₹5,562 crore.
• Hero MotoCorp Q2 Net profit falls 17% YoY to ₹794 crore, revenue declines 11% to ₹8,453.40 crore.
• IRCTC Q2 net profit soars 386% YoY to ₹159 crore, revenue spiked 357.3% YoY to ₹404.9 crore.
• ONGC reports highest ever net profit by any corporate at ₹18,347 crore in Q2.
• Sun Pharma Q2 net profit rises 13% YoY to ₹2,047 crore, revenue rose 12.5% to ₹9,625.9 crore.
• Bharti Airtel Q2 Revenue rises 13% to ₹28,326 crore; PAT climbs to ₹1,134 crore.
• Vodafone Idea loss narrows sequentially to ₹7,132 crore in Q2.
• Zomato Q2 net loss widens to ₹434.9 crore, revenue up at ₹1,024.2 crore.
• Paytm Q2 revenue jumps 64%, net loss widens to ₹473 crore.
• Nykaa reports 96% decline in Q2 net profit at ₹1.1 crore, revenue up 47% YoY to ₹885 crore.