🚌 Chartered Speed Files ₹855 Cr IPO
Your daily dose of business news
🗞️ GST collections may dip initially, festive demand to offset
CBIC Chief Sanjay Kumar Agarwal said GST collections may soften right after the overhaul, but the festive season is expected to provide a strong rebound.
💬 Expert Take — Anil Gupta, Tax Expert: “Short-term disruptions are natural, but festive demand should stabilize collections within a quarter.”
🗞️ RBI keeps money markets shut on Sept 8
The RBI announced that money markets, forex, and G-secs trading will remain closed on September 8 for a scheduled holiday.
💬 Expert Take — Ritu Singh, Market Strategist: “No trading impact is expected, but liquidity adjustments could reflect in the following week’s flows.”
🗞️ RBI panel reviews US tariff impact, financial stability
The central bank’s panel on financial stability discussed US tariff pressures, global risks, and India’s financial inclusion progress.
🗞️ GST reforms may cost govt ₹3,700 cr: SBI
An SBI report estimates a revenue loss of ₹3,700 crore to the government due to the ongoing GST reforms, though it highlights long-term efficiency gains.
🗞️ India plans relief package for exporters hit by US tariffs
The government is preparing a relief package for exporters impacted by US tariffs, aiming to cushion sectors like textiles, leather, and gems.
🗞️ Chartered Speed files ₹855 cr IPO papers
Ahmedabad-based transport services provider Chartered Speed submitted draft papers with SEBI for an ₹855 crore IPO.
🗞️ IFCI looks to sell ₹869 cr of bad loans
Lender IFCI has invited bids to sell ₹869 crore worth of bad loans, including exposure to Accil Swiss.
🗞️ Glenmark shares rally on cancer drug trial
Glenmark Pharma surged over 2.5% after announcing a multi-nation Phase 3 trial for its cancer drug Envafolimab.
📊 Market Update – 5 Sep 2025
📉 Sensex: 80,710.76 ▼ −7.25 (−0.01%)
📈 Nifty 50: 24,741.00 ▲ +6.71 (+0.03%)
💱 USD/INR: ₹88.26 ▲ (rupee weaker; record low close)
🪙 Gold (24K): ~₹10,762/g (≈ ₹1,07,620/10g) ▲
🛢️ Brent crude: ~$66.8/bbl