Property & Investment
Signature Global's land purchase in Gurugram highlights property market growth, fueled by optimistic GDP forecasts. RBI anticipates a 21.5% rise in private
capex to Rs 2.67 lakh crore by FY26. Meanwhile, FPIs withdrew Rs 35,000 crore in a six-month high sell-off. Investment in clean energy in Kutch by Ambani and Adani further underscores diverse investment interest.
GST & Market Dynamics
GST continues to shape India's economic narrative. A Rs 43 crore GST fraud was uncovered, and Delhi plans to release GST refunds before Diwali. Carmakers seek GST rate clarity for festive sales. GST changes significantly impact e-commerce sales. This, alongside macro data, is expected to drive stock markets forward.
Global Trade & Exports
India's push for rice exports to the Philippines and efforts to address US tariff impacts are highlighted. US trade demands are affecting Indian farmers, prompting government action. China's fertilizer export curbs create challenges, while US tariffs hit gems and jewellery exports. Indian businesses are also seeking US market access via Lagos Free Zone.
Industry & Sectors
Ather Energy targets a 20% market share with EV penetration expected to reach 40% by FY31. IOC's SPRINT project boosts retail dominance. HMSI launches new models aiming for market share growth, and Royal Enfield seeks a uniform 18% GST on two-wheelers. DTDC aims to have e-commerce account for 50% of its business.
Economic Overview
CEA Nageswaran expresses optimism about Indian economic growth. Top firms experienced losses of Rs 2.24 lakh crore. The E20 fuel implementation brings concerns about mileage drops, but there are national gains. Also, ITC CMD Puri focuses on supply chains, R&D, and GDP growth, further enhancing the overall growth narrative.
