The Reserve Bank of India kept its policy interest rate unchanged at 5.5 per cent for the second consecutive meeting, despite significantly lowering inflation projections. While retaining flexibility for future reductions, the central bank expressed concerns over US tariff-related uncertainties impacting GDP growth. Low inflation and potential US Federal Reserve rate cuts could create space…
India’s primary market gears up for a hectic week, with five initial public offerings collectively valued at over Rs 28,500 crore. Tata Capital leads the charge with a Rs 15,512 crore IPO, closely followed by LG Electronics India’s Rs 11,607 crore debut. Other listings include Rubicon Research and Anantam Highways Trust.
Fugitive diamantaire Nirav Modi will return to a London courtroom on November 23, petitioning to reopen his extradition trial over fears of interrogation if repatriated to India. Indian agencies are preparing to counter this, assuring UK authorities that he will only face trial, not fresh questioning, as investigations are complete. Modi has exhausted all UK…
Gold demand by volume fell 25% this Dussehra, reaching 18 tonnes, primarily due to significantly higher prices compared to last year. Despite the volume decline, sales value rose 30-35%. Customers are pre-booking for upcoming festivals, and lightweight jewellery, gold coins, and old gold exchanges sustained sales, showing varied regional trends.
Eyewear giant Lenskart received Sebi approval for its IPO, targeting a mid-November listing. Poised to be India’s largest new-age company public offering this year, it aims to raise Rs 7,500-8,000 crore, including secondary sales. The company reported a significant turnaround, achieving profitability in FY25 with Rs 297 crore net profit. Funds will fuel expansion, including…
GST reduction on 375 items boosted consumer spending. Navratri sales reached a decade high. Government officials cited industry data. Families upgraded vehicles and bought white goods. This turned festive cheer into record consumption. Brands and retailers reported sales growth. This provided a boost for India’s consumption-driven economy. Car bookings also saw an increase.
Maharashtra has launched an electronic bond (e-bond) system for import and export transactions, replacing traditional stamp paper bonds. As the 16th state to adopt this, the move aims to simplify trade procedures, accelerate business operations, and modernize the economy.
Silver prices surged 19.4 percent in September, outperforming gold. Strong industrial demand from solar and technology sectors fueled this rise. A tightening global supply also contributed to the significant increase. Gold prices also climbed 13 percent during the same period. Experts noted silver’s dual role as a key driver. Future industrial demand is expected to…
India’s commerce ministry has recommended anti-dumping duties of 23-30% on solar cell imports from China for three years. This action aims to protect domestic manufacturers from cheap imports, which the DGTR found were sold below normal value, causing injury to local producers. The finance ministry will make the final decision on imposing these duties.
Taylor Swift’s new album, “The Life of a Showgirl,” could offer a surprising boost to the US economy, which is currently facing growth challenges and persistent inflation. Should a mega-tour follow, similar to her last, it could inject billions into consumer spending, potentially aiding the Federal Reserve’s efforts to stabilize the economy and support employment…
