Rupee & Markets
The Indian Rupee dipped, trading at 87.52 against the US Dollar. Meanwhile, the stock market saw Nazara Tech shares plunge 17.52% over three days. The RBI
board is currently assessing the global and domestic economic situations. Recent trends show varying movements. Overall, investor confidence is at risk due to MF fraud, as highlighted by SEBI.
Infrastructure & Expansion
Kolkata Metro's expansion is set to boost real estate, while the Jabalpur flyover was inaugurated by Gadkari and CM Yadav. Titagarh Rail secured a Rs 467-crore order. Reliance Infra plans to monetize the Pune-Satara toll road. The government is committed to funding India's chip manufacturing sector, which has been steadily growing. Murae Organisor bagged Rs 297 Cr agri supply orders.
Finance & Investments
Manzil secured Rs 475 crore from Indian investors. Sundaram Home Finance launched 'Anugraha,' and South Indian Bank offers gold loans up to 90% of value. SEBI is offering incentives for first-time women MF investors and has also appointed three executive directors. Centrum Capital is selling its housing finance business, reflecting a shift in financial strategies.
Policy & Partnerships
The GST Council met, focusing on a two-rate structure. The Income Tax Act 2025 received the President's assent. Monash and IIT Bombay are partnering on innovation. UPSIDA and CEL are teaming up on solar energy and EV charging. The government is pushing for export growth via FTAs, urging sectors to increase their global footprint. The government is also heavily investing in India’s chip manufacturing.
Sectoral Updates
The fertilizer supply is comfortable for the Kharif season in UP and Rajasthan. Premier Energies began solar cell production. The hospitality sector is expected to become globally competitive. The latest price update showed gold falling and silver rallying. India is also seeing a boom in the manufacturing sector, especially in the EV sector. The government is also taking steps to boost its domestic aviation.
