Ikea to Invest ₹20,000 Crore in India
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🗞️ India Ranks 16th on Responsible Nations Index
India ranks 16th out of 154 countries on the Responsible Nations Index, showcasing its commitment to ethical governance and sustainability.
🗞️ India’s Insurance Premium Growth to Accelerate to 6.9% by 2030
India’s insurance market is projected to grow at a rate of 6.9% by 2030, driven by increased penetration and a growing middle class.
🗞️ Over 3.96 Lakh MSME Loan Applications Sanctioned
Public Sector Banks (PSBs) have sanctioned over ₹6.30 billion across 3.96 lakh MSME loan applications, under a new credit assessment model.
🗞️ India and UAE Set $200 Billion Trade Target
India and the UAE have set an ambitious $200 billion trade target, with a focus on deepening nuclear and infrastructure ties.
🗞️ Shadowfax Technologies IPO Updates
Shadowfax Technologies sees GMP rising as the company sets its price band ahead of the IPO launch.
💬 Expert Take — “This strong IPO demand signals market confidence in the growth trajectory of last-mile delivery companies.”
🗞️ Surcharge Moderation Expected in Budget 2026
Financial Express reports that experts are expecting surcharge moderation for the super-rich in the upcoming Budget 2026, bringing relief to the high-income earners.
💬 Expert Take — “A surcharge cut would alleviate some tax burden and stimulate greater economic activity.”
🗞️ Ikea Bets Big on India with ₹20,000 Crore Investment
Ikea has announced its plan to double its investment to ₹20,000 crore in India, focusing on expanding its retail and e-commerce footprint.
📊 Market Update
📉 Sensex: 82,180.47 ▼ 1,065.71 pts (–1.28%)
📉 Nifty 50: 25,232.50 ▼ 353.00 pts (–1.38%)
💱 USD/INR: 88.23
🪙 Gold (per gram): 24K ₹14,978 ▲ ₹354 | 22K ₹13,730 ▲ ₹325
🥈 Silver (per kg): ₹3,20,000 ▲ ₹15,000