▫️ Inflation may overshoot RBI target, as Russia Ukraine crisis has led to unprecedented rise in oil and gas prices.
▫️ Finance ministry has said economic recovery will be severely impacted by geo political tensions.
▫️Airtel agreed to buy Vodafone’s 4.7% stake in Indus Towers.
▫️Adani Power won the suit against 3 power distribution companies in Supreme Court. The court ordered the distribution companies to pay Adani Power Rs 3,048 crores due along with interest since 2013.
▫️FDI inflows in equity during Apr-Dec period dipped 16%.
▫️The Free Trade Agreement signed between India and UAE, could help gems and jewellery export to reach $52 billion in FY23.
▫️ Jio and Vodafone have opposed the demand of satellite firms including Airtel, to allocate spectrum for satelite earth station gateway on an administrative basis.
▫️Crisil has upgraded Vedanta’s long term debt rating to “AA”.
▫️Indian refinery companies are hoarding up Russian crude oil, as they are available at cheaper prices.
▫️ Shriram Transport Finance raised Rs 900 crore via bonds.
▫️ Vedanta team visited Pune to survey the feasibility of setting up its chip plant.
▫️ The new 10 year, 6.54% Government Bond got fully subscribed in the weekly auction, for the first time since its launch on Jan 14.
▫️Non food credit growth slowed down to below 8% during first 15 days of February.
▫️NBFCs likely to report loan growth of 14% in FY23: India Ratings
▫️ Government agencies to procure record 44.4MT of wheat in the upcoming rabi season.
▫️From April 1, GST e-invoice mandatory for businesses with more than Rs 20 crore turnover.
▫️Tata in talks with Boeing and Airbus to acquire new aircraft for Air India.
▫️ India’s castor seed output in 2021-22 to beat last year’s output.
▫️Govt. approved FDI of 20% in LIC ahead of IPO.
▫️ Reliance Retail has taken over operations of over 200 stores of Future Retail.
▫️FMCG and Auto companies to wait until June for any price hike.
▫️ Future Retail suspended operations on all its stores, after takeover by Reliance Retail.
▫️States reported stellar capex growth of 52% YoY during Apr-Dec period.
▫️Russian Banks have banned from the SWIFT network. A big blow to Russia’s economy.
▫️ Russia and Ukraine talks have been planned in the Belarus border.
▫️ Aurobindo Pharma and Sun Pharma have recalled several products in the US due to deviation from standard manufacturing process.
▫️India cancels Rs 19,000 crore for connecting villages with broadband connectivity.
▫️British Petroleum to sell its 20% stake in Russian oil company Rosneft.
▫️PVR open to stream cricket on big scren.
▫️India and US discuss 30 armed drones deal.