Market Movers & Shakers
The stock markets are influenced by GST changes and macroeconomic data, setting the stage for potential shifts. Private sector capex is expected to rise
21.5% to Rs 2.67 lakh crore by FY26, indicating strong growth. However, FPIs pulled out Rs 35,000 crore, the biggest sell-off in 6 months. Plus, Dish TV faced penalties again.
GST's Festive Impact
GST is at the forefront, affecting e-commerce sales, with clarity needed for festive sales, especially for carmakers. Delhi aims to release GST refunds before Diwali, providing some relief. GST evasion of Rs 43 crore was also uncovered. Royal Enfield will pay uniform 18% GST on two-wheelers.
Investments & Infrastructure
India's ambitious projects include building homes in Australia with potential UAE funding. Submarine deals worth over Rs 1 lakh crore are in the works. Reliance and HDFC faced losses of Rs 2.24 lakh crore. Also, SBI and AFD are involved in a 100 million Euro green financing for India.
Industry Specific Insights
The fashion industry is growing, with KM Birla discussing ABG strategy. DTDC aims for e-commerce to represent 50% of its business. Ather Energy targets 20% market share. HMSI is launching new models aiming for market share growth. LaRiSa plans to open 50 hotels in three years, eyeing expansion.
Global Economic Impacts
US trade demands impact Indian farmers, and US tariffs affect gems and jewelry exports. China's fertilizer export curbs are also impacting India, leading to price surges. Russia and China are opposing sanctions against BRICS, affecting the global landscape and its impact on the Indian economy.
