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.
| WORLD INDICES | |||||
|---|---|---|---|---|---|
| Indices | 31-Oct | 30-Sep | % 1M | 04-Jan | % since Jan |
| BSE | 60,747 | 57,427 | 5.78% | 59,856 | 1.49% |
| NSE | 18,012 | 17,094 | 5.37% | 17,805 | 1.16% |
| DOW | 32,733 | 28,726 | 13.95% | 36,800 | -11.05% |
| NASDAQ | 10,988 | 10,576 | 3.90% | 15,623 | -29.67% |
| FTSE | 7,095 | 6,894 | 2.91% | 7,505 | -5.47% |
| Nikkei | 27,587 | 25,937 | 6.36% | 29,302 | -5.85% |
| Hang Seng | 14,687 | 17,223 | -14.72% | 23,290 | -36.94% |
| Straits Times | 3,093 | 3,130 | -1.19% | 3,181 | -2.77% |
| Shanghai | 2,893 | 3,024 | -4.33% | 3,632 | -20.34% |
| USD | 82.78 | 81.34 | 1.77% | 74.55 | 11.04% |
| Euro | 81.97 | 79.43 | 3.20% | 84.15 | -2.60% |
| GBP | 95.19 | 89.91 | 5.87% | 100.91 | -5.67% |
| Yen/100INR | 0.56 | 0.56 | -0.82% | 0.64 | -13.15% |
| Gold | 50,296 | 50,027 | 0.54% | 47,950 | 4.89% |
| Silver | 58,071 | 56,868 | 2.12% | 62,247 | -6.71% |
| Crude Brent $ | 94.83 | 85.56 | 10.83% | 79.77 | 18.88% |
| Crude Nymex $ | 87.05 | 79.74 | 9.17% | 76.80 | 13.35% |
| NIFTY SECTORAL INDICES | |||||
|---|---|---|---|---|---|
| Sectors | BANK NIFTY | CNX IT | CNX AUTO | CNX FMCG | CNX PHARMA |
| 31-Oct | 41,308 | 28,728 | 13,382 | 44,296 | 13,212 |
| 30-Sep | 38,632 | 26,981 | 12,699 | 44,406 | 12,972 |
| % 1M | 6.93% | 6.47% | 5.37% | -0.25% | 1.85% |
| 04-Jan | 36,840 | 39,371 | 11,139 | 37,800 | 14041 |
| % since Jan | 12.13% | -27.03% | 20.13% | 17.18% | -5.90% |
| INDIAN TRADE(USD MILLION) | |
|---|---|
| Exports in ($ Bn) | 35.45 |
| Imports ($ Bn) | 61.16 |
| FDI | 305 |
| Government Bond 10Y | 7.45% |
| GDP YoY | 13.50% |
| Inflation Rate | 7.41% |
| Forex Reserves ($ Bn) | 524520 |
| IIP % | -0.80% |
| INSTITUTIONAL TRADING ACTIVITY | ||
|---|---|---|
| Particulars | FII(Rs. crore) | MF(Rs. crore) |
| Equity | 1,514 | 7,782 |
| Debt | (1,002) | (664) |
| Total 1 M | 513 | 7,118 |
| Total Since Jan | (1,63,067) | 1,25,104 |
| Equity | (1,53,928) | 1,53,017 |
| Debt | (9,140) | (27,913) |
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