April 2, 2024 by BizWhiz Admin in Uncategorized 0 comments 287

General News

  • Lok Sabha Election 2024: Polls to be held in 7 phases; counting on 4 June.
  • India has 97 crore registered voters, 19.74 crore voters in 20-29 age group: CEC.
  • EC introduces Vote from home for citizens above 85, voters with 40% disability.
  • EC uploads electoral bonds data with unique numbers on its website.
  • EC Arun Goel resigns; Sukhbir Singh Sandhu, Gyanesh Kumar named new election commissioners.
  • No immunity from prosecution if MP/MLA takes bribe to vote or make speeches: SC.
  • PM Modi chairs brainstorming session for ‘Viksit Bharat 2047’; discusses action plan for next 5 years.
  • NDA seals Bihar seat-sharing deal: BJP to contest 17 seats, JD(U) 16.
  • BJP to go solo in Odisha and Punjab.
  • BJP, TDP, Jana Sena join hands to fight Lok Sabha, Andhra Pradesh Assembly polls.
  • Delhi CM Arvind Kejriwal arrested in Liquor Policy case; Delhi High Court rejects plea to remove CM.
  • Top INDIA bloc leaders attend INDIA Alliance maha rally at the Ramlila Maidan.
  • PM Modi launches BJP’s poll campaign for Lok Sabha Election 2024 in Uttar Pradesh’s Meerut.
  • Kovind-led panel on ‘one nation, one election’ submits report to President Draupadi Murmu.
  • Rahul Gandhi’s ‘Bharat Jodo Nyay Yatra’ nears ends in Mumbai spanning east-west of India.
  • PM Modi visits J&K for the first time since abrogation of Article 370 in 2019.
  • PM Modi inaugurates and lays foundation stones of projects worth ₹15,000 crore in West Bengal.
  • PM Modi inaugurates, lays foundation of development projects worth over ₹34,000 crore in UP.
  • Amit Shah launches NUCFDC, sets target to establish one urban cooperative bank in each town.
  • Smriti Irani laid foundation stone of projects worth ₹225 crore for development of Buddhist communities.
  • PM Modi launches multiple development projects worth 56,000 crore rupees in Telangana.
  • NSA Doval meets Israeli PM Netanyahu to discuss war in Gaza, humanitarian assistance.
  • PM Modi arrives in Bhutan, inaugurates modern hospital built with Indian assistance in Bhutan.
  • S Jaishankar meets Singapore PM Lee Hsien Loong; leaders exchange views on Indo-Pacific and West Asia.
  • Haryana CM Khattar, ministers resign, BJP president Nayab Singh Saini to be sworn in as CM.
  • Centre signs tripartite agreement with Tipra Motha, Tripura govt to address Tripura’s indigenous issues.
  • CBI, Europol sign arrangement for cooperation in tackling crimes, terrorism.
  • BJP fields its state chief Surendran against Rahul Gandhi in Wayanad.
  • Tamilisai Soundararajan rejoins BJP after resigning as Telangana Governor.
  • Naveen Jindal, Ex-Haryana minister Savitri Jindal, Calcutta HC judge Abhijit Gangopadhyay joins BJP.
  • SC quashes money laundering case against Karnataka Deputy Chief Minister DK Shivakumar.
  • BRS leader K Kavitha produced before Delhi court by ED in excise policy case.
  • Delhi HC admits CBI’s appeal challenging acquittal of former Minister A Raja, others in 2G scam case.
  • CBI, Europol sign arrangement for cooperation in tackling crimes, terrorism.
  • Centre Notifies CAA Rules; launches portal for those seeking Indian citizenship under CAA.
  • Defence ministry signs 5 capital acquisition deals of ₹39,125.39 crore.
  • Rajnath Singh to inaugurate DefConnect 2024 on March 4 to encourage indigenous defence innovation.
  • Bharat Shakti Exercise: LCA Tejas, ALH Mk-IV, LCH Prachand on display at Pokhran.
  • Mission Divyastra launched successfully, Agni-5 Missile makes maiden flight with MIRV technology.
  • IAF activates Emergency Landing Facility Strip on national highway in Andhra Pradesh.
  • ISRO successfully carried out landing of its reusable launch vehicle Pushpak.
  • ISRO’s PSLV Orbital Experimental Module-3 (POEM-3) mission accomplishes zero orbital debris mission.
  • President confers Bharat Ratna on BJP stalwart LK Advani; Former PMs Narasimha Rao, Charan Singh, M.S. Swaminathan, former Bihar chief minister Karpoori Thakur awarded posthumously.
  • PM presents first-ever National Creators Award in 20 categories.
  • Amid crisis, Bengaluru bans potable water usage for car washing, gardening; imposes ₹5,000 fine.
  • CBI busts human trafficking network taking Indians to Russia-Ukraine war zone.
  • Indian Navy rescues 23 Pakistani crew from hijacked Iranian ship in Arabian Sea.
  • Vladimir Putin wins Russia election in landslide with no serious competition.
  • Russia-NATO conflict is “one step away” from World War III: Putin.
  • 133 dead in Moscow concert hall attack, Islamic State claims responsibility.
  • UNSC for first time demands ‘immediate’ ceasefire in Gaza; US abstains; Russia and China vetos.
  • Nikki Haley suspends campaign for 2024 Republican presidential nomination.
  • Biden and Trump head toward rematch after securing party nominations.
  • Biden, Obama, Clinton rake in record $25 million at NYC fundraiser.
  • Shehbaz Sharif sworn in as Pakistan’s PM for second time. Asif Ali Zardari becomes 14th President.
  • Maldives signs China defence deal as India prepares exit.
  • Sweden officially joins NATO, becoming alliance’s 32nd member.
  • France, Brazil agree to €1 billion deal to preserve Amazon.
  • Russia vetoes UN panel’s mandate to monitor North Korea sanctions.
  • US, UK & Australia entered agreement to build Australia’s SSN-AUKUS Submarines.
  • Sri Lankan PM Dinesh Gunawardena meets Chinese President Xi Jinping.
  • Oscars 2024: ‘Oppenheimer’ gets best picture at the 96th Academy Awards, dominates with seven wins.
  • WPL 2024: Royal Challengers Bangalore wins first title.
  • India win 5 match Test series against England 4-1 series win.
  • IPL 2024: Kolkata Knight Riders move to first position.
  • Virat Kohli takes the lead in the Orange Cap race in IPL 2024 with 181 runs.
  • England’s James Anderson becomes 1st pacer and 3rd bowler to take 700 test wickets.
  • Satwiksairaj Rankireddy-Chirag Shetty win French Open doubles title
  • Pro Kabaddi League 10: Puneri Paltan win first ever PKL title, beat Haryana Steelers.
  • Indian men and women Table Tennis teams qualify for Paris 2024 Olympics.

 

Business News

  • PM Modi inaugurates, lays foundation stone for 112 National Highway Projects worth ₹1 lakh crore.
  • PM Modi lays foundation stone of 3 semiconductor facilities worth ₹1.25 lakh crore.
  • Ashwini Vaishnaw launches India’s fastest, indigenous router with speed of 2.4 Tbps.
  • PM Modi launches multiple oil and gas projects worth nearly ₹1.5 lakh crore across the nation.
  • Rajasthan inks MoUs with four CPSEs for setting up solar power, thermal, green hydrogen projects.
  • Delhi government implements solar policy, promising zero electricity bills for residents.
  • PM Modi inaugurates 15 airport projects; inaugurates India’s first underwater metro line in Kolkata.
  • Govt approves 4% hike in DA for govt employees at cost of ₹12,869 crore pa to exchequer.
  • India’s GST collection increases 12.5% to ₹1.68 lakh crore in February.
  • Cabinet approves India AI Mission with ₹10,372 crore outlay.
  • Govt amends electricity rules to address power surplus and enhance grid reliability.
  • Govt raises MSP for jute by ₹285/qtl for FY25, 65% more than costs.
  • Govt announces ₹500 crore e-mobility scheme to promote electric vehicles.
  • India, EFTA ink trade deal with investment promise of $100 billion.
  • India approves e-vehicle policy with tax relief to rev up manufacturing hub dream.
  • Karnataka to impose 3% additional cess on transport vehicles; lifetime tax on EVs above ₹25 lakh.
  • Kerala rejects union govt’s ₹5,000 crore loan offer to resolve financial crisis.
  • India forms more than 1.68 lakh companies in FY24; highest in Feb.
  • LIC presents ₹2,441 crore dividend cheque to Sitharaman.
  • NHAI advises Paytm FASTag users to switch to other bank FASTag before March 15.
  • T+0 trade cycle begins; BSE releases list of 25 stocks eligible for T+0 settlement cycle.
  • Tata Motors to demerge operations into 2 listed entities.
  • Meesho announces largest ESOP buyback worth ₹200 crore.
  • British American Tobacco starts $2 billion buyback following its ITC stake sale.
  • Ashok Leyland declares interim dividend of ₹4.95 per share, record date fixed for 3 April.
  • RBI issues directions to card networks for issuance of credit card to customers.
  • NCLT approves Aditya Birla group plan to merge NBFCs.
  • RBI bars IIFL Finance from sanctioning or disbursing gold loans.
  • IIFL Finance to receive $200 million liquidity support from Fairfax after RBI ban.
  • ICICI Securities delisting gets nod, setting up merger with ICICI Bank.
  • IRDAI board gives nod to 8 regulations for insurance products, policyholders.
  • US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting, projects 3 rate cuts in 2024.
  • New Zealand slips into its second recession in 18 months as economy contracts.
  • Sri Lanka’s Central Bank slashes policy interest rates by 50 bps to stimulate growth.
  • Japanese Yen hits 34-yr low ahead of key US inflation test.
  • Bank of Japan ends negative interest rate policy after 17 years.
  • Pakistan central bank keeps interest rate on hold at 22%.
  • Centre hikes commercial LPG & ATF prices; windfall tax on petroleum crude raised to ₹4,600/metric ton.
  • IOC to make fuel for Formula 1 – first by an Indian firm.
  • Centre reduces Petrol & Diesel prices by ₹2 per litre across country.
  • FLY91, India’s newest airline, launch commercial services with an inaugural flight from Goa to Bengaluru.
  • Akasa Air commences international operations, first overseas flight from Mumbai to Doha, Qatar.
  • Maruti Suzuki’s in-plant railway siding, India’s first such project, inaugurated by PM Modi in Gujarat.
  • Tata Motors inks MoU with Tamil Nadu Govt to set up ₹9,000 crore facility in Ranipet.
  • Biden administration unveils strictest ever US car emission limits to boost EVs.
  • Aramco Digital and LTIMindtree collaborate to launch IT services company in Kingdom of Saudi Arabia.
  • Google to collaborate with election commission; uses AI models to counter misinformation.
  • Apple in talks with Google for using Gemini to bring generative AI features to iPhones.
  • Qualcomm introduces Snapdragon 8s Gen 3 with on-device generative AI capabilities.
  • Nvidia unveils higher performing ‘superchips’ to power AI.
  • Tech Mahindra to merge two US-based subsidiaries to optimise costs.
  • JBM Auto arm wins contract of ₹7,500 crore under PM-eBus Sewa Scheme.
  • Supreme Court dismisses Vedanta’s plea to reopen copper smelting unit in Tamil Nadu’s Tuticorin.
  • Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake to 66.7%.
  • Paytm Payments Bank officially halt its operations as mandated by the RBI.
  • NPCI grants approval to Paytm to participate in UPI as a third-party application provider.
  • Amul, ‘Taste of India’, goes international with launch in US.
  • Google reinstates Info Edge apps, including Naukri and 99acres on Play Store.
  • TikTok faces U.S. ban in new Draft Bill.
  • Byju’s gets a breather as NCLT refuses to defer EGM over rights issue.
  • JioCinema ropes in 18 sponsors for IPL 2024.
  • Star Sports, Tata Play introduce targeted advertising for IPL 2024.
  • OpenAI reinstates Sam Altman to its board, says it has ‘full confidence’.
  • Naveen Jindal made president of Indian Steel Association.
  • TVS chairman Venu Srinivasan’s family inks pact to avoid future business, trademark tussles.
  • Paytm refutes layoff reports as SVP Praveen Sharma steps down.
  • Sam Bankman-Fried sentenced to 25 years in prison over FTX collapse.


WORLD INDICES
Indices 29-Mar 29-Feb % 1M 02-Jan % since Jan
BSE 73651 72500 1.59% 71,892 2.45%
NSE 22327 21983 1.57% 21,666 3.05%
DOW 39807 38996 2.08% 37,715 5.55%
NASDAQ 16379 16092 1.79% 14,766 10.93%
FTSE 7932 7630 3.96% 7,722 2.73%
Nikkei 40168 39166 2.56% 33,464 20.03%
Hang Seng 16541 16511 0.18% 16,789 -1.47%
Straits Times 3224 3142 2.62% 3,230 -0.18%
Shanghai 3011 3015 -0.15% 2,962 1.63%
USD 83.40 82.91 0.59% 83.32 0.10%
Euro 90.02 89.93 0.10% 91.58 -1.71%
GBP 105.24 105.02 0.21% 105.56 -0.31%
Yen/100INR 0.551 0.5526 -0.29% 0.59 -6.29%
Gold 66890 62530 6.97% 62,762 6.58%
Silver 74800 69820 7.13% 72,416 3.29%
Crude Brent $ 86.32 82.25 4.95% 78.88 9.43%
Crude Nymex $ 82.41 78.53 4.94% 73.44 12.21%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
29-Mar 47,125 34,898 21,419 53,949 18,996
29-Feb 46,121 37,720 20,412 54,016 19,003
% 1M 2.18% -7.48% 4.93% -0.12% -0.04%
02-Jan 47,762 35,283 18,339 57,210 17,274
% since Jan -1.33% -1.09% 16.79% -5.70% 9.97%

Exports in ($ Bn) 41.4
Imports ($ Bn) 60.11
FDI 8035
Government Bond 10Y 7.05%
GDP YoY 8.40%
Inflation Rate 5.09%
Forex Reserves ($ Mn) 6,42,630
IIP % 3.80%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 32,927 31,195
Debt 13,818 (21,432)
Total 1 M 46,745 9,763
Total Since Jan 65,391 (10,068)
Equity 10,816 76,189
Debt 54,575 (86,256)

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