Market Movers & IPOs
The Indian market saw activity with the Patel Retail and Vikran Engineering IPOs. Patel Retail listed at a 20% premium. Notably, the Mangal Electrical
IPO also made its debut. Real estate continued its growth, with major players and significant sales figures, which are relevant to the IN market.
Gold, Banks, & Rates
Gold prices experienced fluctuations, impacting investor sentiment. Bank holidays are scheduled for September. SBI and IOB adjusted MCLR rates. Additionally, HDFC Bank shares saw a bonus issue impact and home loan rates got hiked, impacting EMIs, which affect a large IN audience.
Tax, GST & Rules
Key tax updates, including online gaming winnings, property declarations, and ITR filing tips. The GST 2.0 initiative is expected to benefit real estate and small businesses. GST rate rationalisation may change in September. The CBDT increased the income threshold for tax-free perks for salary earners.
Real Estate & Office
The Indian office market, particularly in Bengaluru and Pune, is thriving. REITs are predicted to increase their market share. Apple leased a significant office space in Bengaluru. Developments in Dwarka Expressway signal a boom in the NCR realty sector. AIFs and property ownership are also discussed.
Other Important News
Major announcements include a Reliance AGM and potential IndiGo stake sales. The article also covers global prime rental markets, bonus shares by Patanjali Foods and Trump's tariff impact on the market. Also, there is news about the bonus issue of HDFC bank shares, etc.
