Infrastructure & Growth
India's infrastructure growth slowed to 2% in July, while Globe Civil Projects secured a Haryana infrastructure project. Gadkari is promoting AI for highways
and mining, highlighting technological integration. Maharashtra saw entrepreneurs ink MoUs worth Rs 2564 Cr. Allcargo launched a warehouse in Karnataka, reflecting expanding logistics capabilities. These updates showcase ongoing development and evolving strategies.
Financial Markets & Policies
The banking and financial frauds board was reconstituted, while GST exemption for insurance premiums was proposed. The RBI remains watchful on tariffs, and the MPC met to discuss policy. Gold prices saw fluctuations, with silver also dropping. The rupee saw early gains against the US dollar. FinMin reviewed PSB performance for Q1 FY26 results, reflecting evolving financial strategies and reforms.
Tech & AI Advancement
India is leading the AI transformation, according to a Microsoft report. Startups are upskilling employees for AI and tech, as reported. Aptiv opened a tech center in Chennai for automotive innovation. IdeaForge unveiled a mapping drone for diverse applications, showing the increasing importance of technology. Starlink and UIDAI partnered for Aadhaar verification.
IPO & Investment News
Vikram Solar's IPO was oversubscribed 4.56 times and expanded to Tamil Nadu. Shreeji Shipping's IPO was subscribed 6.59 times, and Patel Retail's IPO was subscribed 19.48 times on day 2. Mangal Electrical IPO was subscribed 54% on day 1, and Gem Aromatics IPO was subscribed 2.90 times on day 2. Odisha approved Rs 4,515 Cr investment proposals, highlighting investor confidence.
Online Gaming & Bans
The Lok Sabha banned online money games, impacting the sector. Nazara's shares dove due to the Online Gaming Bill's impact, with related social and health concerns. Online money gaming's social and health implications were addressed. Radiowalla & AdsWizz are focused on programmatic audio solutions. These events reflect regulatory shifts and evolving market dynamics.
