ICICI Bank reports that the Reserve Bank of India might cut policy rates due to weak urban consumption and uncertain global demand. Easing inflation could prompt a 25 basis point rate cut as early as August. The RBI’s neutral stance and data-dependent approach, combined with recent economic signals, create room for monetary easing.
The cryptocurrency market capitalization reached a record $4 trillion, driven by renewed investor optimism and clearer regulatory signals. The US House passed a bill establishing a framework for stablecoins, signed into law by President Trump. Bitcoin hit a high of $120,000, while ether has more than doubled in value over three months, boosting crypto-linked equities…
B S Nagesh retired as Shoppers Stop chairman after 34 years, during which he significantly influenced the company and Indian retail. Nirvik Singh, with extensive experience in advertising and brand strategy, has been appointed as the new chairman. The retailer also reported an 8.6% increase in operational revenue for the first quarter of June 2025.
The Wealth Company, supported by Pantomath Group, is set to launch its mutual fund business after Sebi’s approval. Madhu Lunawat will lead the company as MD & CEO. She is the first Indian woman to independently establish a non-institutional mutual fund house. The fund house aims to use technology to reach rural areas.
Geopolitical tensions and trade concerns are impacting hiring and consumer spending, particularly in the mass-market jewellery segment. Fluctuating gold prices have dampened demand in the sub-Rs 1 lakh category, while premium segments remain strong. Titan is focusing on lower caratage products and diamond expertise to stimulate demand amidst the prevailing uncertainty, hoping tax breaks will…
Raghuram Rajan advises India to be cautious in US trade negotiations, especially regarding agriculture. He suggests exploring foreign investment in value-added processing. Rajan notes India could benefit from trade tensions by becoming an alternative manufacturing hub. He urges India to reverse protectionist policies in some sectors like car manufacturing. Rajan believes India’s long-term economic prospects…
Foreign Institutional Investors (FIIs) have heavily sold Indian equities, withdrawing over Rs 10,000 crore in five sessions, reversing three months of net buying. Domestic Institutional Investors (DIIs) cushioned the market with significant investments. Concerns over high valuations and a moderating earnings outlook, along with downgrades from brokerages like Citi, contribute to the cautious sentiment.
Jio Platforms reported a 25% YoY increase in net profit, reaching Rs 7,110 crore for the quarter ended June 30, 2025, with revenue climbing 19% to Rs 41,054 crore. Subscriber growth in mobility and home segments, coupled with enhanced customer engagement, fueled this expansion. Jio AirFiber leads globally with 7.4 million subscribers, while ARPU rose…
Reliance Retail reported a 28.3% surge in profit after tax, reaching ₹3,271 crore for the quarter ending June 30, 2025, fueled by strong performance across all segments and store expansions. Revenue rose 11.3% to ₹84,171 crore. The company added 388 new stores, expanding its footprint. JioMart’s hyperlocal delivery saw substantial growth, and the fashion vertical…
The Comptroller and Auditor General of India has criticized the Maharashtra government for an irregular revenue waiver of Rs 71.07 crore granted to the Mumbai Pune Expressway toll operator, IRB, during the COVID-19 lockdown. Despite contractual clauses stating each party should bear force majeure costs, MPEL compensated IRB, violating the agreement.
