PLI Push Boosts Domestic Manufacturing
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🗞️ RBI Unveils Payments Vision 2028
The Payments Vision 2028 outlines RBI’s roadmap to expand and strengthen India’s digital payments ecosystem.
The plan focuses on innovation, security, and global leadership in digital transactions.
💬 Expert Take — “India’s payments infrastructure is evolving into a global benchmark, with RBI aiming to deepen adoption while strengthening trust and security.”
🗞️ India Supplies 30% of Global Generic Medicines
India contributes 30% of global generic medicines, reinforcing its position as a key player in global healthcare supply chains.
The sector continues to benefit from cost efficiency and strong manufacturing capabilities.
🗞️ Coal India to Invest $357M in Washeries
Coal India will invest $357 million in coking coal washeries and $32.5 million for upgrades.
The investment aims to improve coal quality and reduce import dependence.
🗞️ Rupee Surges on RBI Dollar Cap Move
The Indian rupee surged as RBI measures triggered dollar selling in the market.
The move provided temporary relief to the currency amid global volatility.
💬 Expert Take — “RBI’s intervention signals active currency management, helping stabilize the rupee in the face of external pressures.”
🗞️ Vedanta Moves SC Over Adani Deal
Vedanta has approached the Supreme Court seeking a stay on Adani’s takeover of Jaiprakash Associates.
The legal challenge could delay the transaction and impact sector dynamics.
🗞️ RBI Eyes Portable Bank Accounts for Consumers
The RBI is exploring portable bank accounts to enhance customer experience and flexibility.
The initiative could allow users to switch banks without changing account numbers.
🗞️ Govt Clears 29 PLI Projects Including Rare Earth Unit
The government has approved PLI projects, including a ₹700 crore rare earth magnet unit.
The move supports domestic manufacturing and reduces reliance on imports.
🗞️ CMPDI Lists at 7% Discount
CMPDI IPO listed at a 7% discount on NSE, leading to losses for investors.
The listing reflects cautious sentiment in the primary markets.
📊 Market Update
📉 Sensex: 71,947.55 ▼ 1,635.67 pts (–2.22%)
📉 Nifty 50: 22,331.40 ▼ 488.20 pts (–2.14%)
🪙 Gold (per gram): 24K ₹14,826 ▲ ₹17 | 22K ₹13,590 ▲ ₹15
🥈 Silver (per kg): ₹2,45,000