🗞️ Kotak Mahindra Makes a Big Wealth Bet
Kotak Mahindra Bank has agreed to acquire Deutsche Bank India’s retail, private banking, and wealth management business. The deal strengthens Kotak’s position in India’s fast-growing affluent banking segment and expands its high-net-worth customer base.
The acquisition comes as India’s wealth management industry continues to grow rapidly, with banks competing to capture rising financial assets.
💬 Expert Take — “The battle for India’s wealthy clients is intensifying. Scale, advisory capabilities, and product depth are becoming the key differentiators for private banks.”
🗞️ RBI Warns AI Stock Frenzy Could Pose Financial Risks
The RBI’s Financial Stability Report has flagged excessive optimism around AI-related stocks as a potential financial stability risk, while noting that Indian banks remain well-capitalised and resilient.
The central bank cautioned that stretched valuations in AI-linked companies could create vulnerabilities if investor sentiment reverses sharply.
💬 Expert Take — “When regulators begin discussing asset bubbles, it’s a reminder that fundamentals, not narratives, ultimately determine long-term returns.”
🗞️ India’s EV Market Hits a New Milestone
India’s electric car sales are expected to cross 3 lakh units for the first time in 2026.
The milestone reflects accelerating EV adoption, supported by new model launches, improving charging infrastructure, and favourable government policies.
🗞️ Prism Files ₹6,650 Crore IPO Papers
Hospitality major Prism has filed draft papers for a ₹6,650 crore IPO after reporting ₹748 crore profit during the first nine months of FY26.
The offering could become one of the largest hospitality listings in recent years.
🗞️ Coal India Steps Up R&D Spending
Coal India plans to invest ₹1,900 crore in research and development by FY2030.
The investment will focus on cleaner technologies, mining efficiency, and innovation as the company prepares for the energy transition.
🗞️ Fuel Export Duties Revised
The government has revised export duties by reducing levies on diesel and aviation turbine fuel while increasing duties on petrol.
The changes are aimed at balancing domestic fuel availability with export competitiveness.
🗞️ India Expands Presence at Global Food Expo
India marked its largest-ever participation at North America’s Summer Fancy Food Show 2026.
The expanded presence is expected to boost exports of Indian food products and strengthen global market access.
🗞️ Bitcoin ETF Sees Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) recorded approximately $300 million in outflows as investor demand for Bitcoin ETFs softened.
The development suggests cooling sentiment in crypto markets after a prolonged period of strong inflows.
📊 Market Update
📉 Sensex: 76,478.67 ▼ 249.70 (-0.33%)
📉 Nifty 50: 23,865.75 ▼ 80.50 (-0.34%)
🪙 Gold (per gram)
24K: ₹14,205 ▲ ₹1
22K: ₹13,021 ▲ ₹1
18K: ₹10,654 ▲ ₹1
🥈 Silver: ₹2,34,900/kg ▼ ₹100