Category Archives: Economy Snapshot

General News

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

Business News

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

Q2 Results

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

General News

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

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

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

Business News

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

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

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

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.