What is the story about?
From rising exports to the buzz of new IPOs, India's financial landscape is constantly evolving. Let's decode the latest economic shifts, and what this means for your investments and everyday finances, with a desi touch!
Exports, Imports, Banks
India's exports rose by 7.3% to $37.24 billion in July, with imports up 8.6% year-on-year. Bank holidays for Janmashtami and Independence Day have been announced. Meanwhile, the RBI has set a redemption price for SGB 2019-20 Series-IX, offering investors 147% returns. Also, keep an eye on the latest bank interest rates.
Tax & IPO Insights
The new Income Tax Bill 2025 has been introduced in Lok Sabha, and will impact filing deadlines. Several IPOs, including Regaal Resources and JSW Cement, have generated significant buzz, while the All Time Plastics IPO has already listed. The article also offers an overview of how to make smart tax decisions.
Market & Finance
The Sensex and Nifty are seeing fluctuations, yet holding steady. Equity mutual fund inflows surged by 28% in July. Gold rates have shown some movement recently. Also, learn about the comparison between FD and loan settlements, and how to optimize your credit score and find the best interest rates.
Real Estate Update
India's housing market is booming, with property prices nearly doubling since 2021. Rental markets show strong growth, and developers see a boost for the Dwarka Expressway. Real estate is becoming the top investment choice for millennials. Also, there's a dive into the emerging 'luxury' trends from gyms to co-working spaces.
Banking & Policy
ICICI Bank has adjusted its minimum balance requirements, sparking a debate. RBI is also setting new rules. Plus, the government is hinting at next-gen GST reforms. S&P Global has upgraded the ratings of Indian financial institutions. Keep an eye out for updates on new tax laws and bank offers.
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