IPO & Markets
Multiple IPO updates are available. Mangal Electrical IPO saw its last day with 3.2x subscription, while Vikran Engineering IPO had a strong subscription on day 2.
Patel Retail listed at a 20% premium. The market experienced a decline with Sensex falling over 350 points, and several stocks like IndiGo and Sun Pharma faced drops. Expert opinions and GMP analyses are provided for making informed decisions.
Tax & Finance
The Income Tax Return (ITR) filing deadline for 2025 is approaching, with only 30 days left. The article addresses various aspects of ITR, including eligibility for ITR-3, how to declare property in ITR, and reasons for potential refund delays. Online gaming winnings taxation rules are explained. Also, find out the impact of the new GST rates which are likely to be implemented by September 22.
Banking Updates
Bank holidays are announced for August 23 (Janmashtami), August 25 (RBI), and August 27 (Ganesh Chaturthi). Indian Overseas Bank announced a 10 basis points MCLR cut from August 15, and SBI hiked home loan rates by 25 bps. Know about the minimum balance rules across various banks. Also, HDFC Bank key services will remain unavailable on two days this week.
Gold & Investments
Gold prices experienced fluctuations, with drops on multiple days. Silver hit record highs in 2025. The article provides gold rate updates for various cities and advises on portfolio allocation. Additionally, insights on the EPFO, EPF Calculator and SIP calculations are provided to help build a retirement corpus, and the SGB Premature Redemption Calendar for Oct 2025-Mar 2026 is out.
Economic Outlook
The report on the impact of Trump's tariffs on US GDP and Indian markets. India could become the 2nd largest economy by 2038, powered by reforms and demographics, as per the EY report. The article also discusses the GST reforms, potential impacts of a GST waiver on insurance premiums, and how the new GST rates will benefit the common man, small businesses, and farmers. Furthermore, the recent actions by the Modi government are analyzed.
