Market Musings
The Sensex and Nifty are holding steady, with auto and metal shares showing some shine. Several IPOs, including JSW Cement and BlueStone Jewellery, are making
headlines, with varying subscription rates and listing predictions. The real estate market continues its strong run with a surge in prices, and REITs hitting record market caps. Plus, the Indian equity mutual fund inflows surged 28% to Rs 42,702 crore in July.
Taxation Tales
The new Income Tax Bill 2025 has been introduced, sparking discussions on its impact on finances, especially concerning house property income rules. Income Tax filing deadlines, including Sept 15 for non-audit cases, are approaching, prompting reminders about ITR filing for AY2025-26 and the old vs new tax regime choices. Freelancers and salaried individuals need to understand the updated rules. Revised bill was passed in Lok Sabha.
Banking Beat
Banks are making moves! ICICI Bank is facing backlash over minimum balance requirements, while IndusInd Bank is under scrutiny. SBI hiked home loan rates, and Indian Overseas Bank cut MCLR rates. RBI's draft rules on claim settlement and the Governor's take on UPI's future are also covered. Bank holidays for Independence Day and Janmashtami are important to note.
Investment Insights
Experts explore the dynamics of the rental market, which has seen strong growth. Plus, the article sheds light on the Indian real estate market, with homes between Rs 50 lakh-1 crore dominating. It also analyzes the risks of investing in Indian real estate for NRIs. Plus, how the new rules affect House Property Income. Meanwhile, GenAI startups in India are booming.
Economic Outlook
India is making strides in solar PV manufacturing, achieving a 100 GW milestone. S&P Global upgrades ratings of 10 Indian financial institutions, boosting confidence. The article also highlights the upcoming changes in GST reforms. Furthermore, reports show India's housing market is booming, and the economy is expected to sustain its strong momentum in FY2026.
