RBI Cuts US Treasury Holdings
Your daily dose of business news
🗞️ RBI trims US Treasury holdings to below $200B
RBI has reduced its US Treasury holdings to under $200 billion, signaling a shift towards strengthening its gold reserves.
💬 Expert Take — “The decision to trim US Treasury holdings is in line with global central bank strategies to diversify into safe-haven assets like gold. This move could enhance India’s resilience against external economic shocks.”
🗞️ Ways and Means Advances limit for Delhi set at ₹890 Cr
The Delhi Government has been granted an advance limit of ₹890 crore by RBI to meet short-term financing needs.
🗞️ Experts warn against income tax surcharge hike for super-rich
Experts advise against any hike in income tax surcharge on super-rich in the upcoming 2026 Union Budget, calling it a potential dampener for investment sentiment.
💬 Expert Take — “Increasing the surcharge could undermine investor confidence, especially in high-growth sectors. A stable tax regime is crucial for sustaining private investment and driving long-term economic growth.”
🗞️ HUL faces ₹1,559 crore tax demand
HUL has received an income tax demand of ₹1,559 crore for FY22 but clarified that it will not impact its business operations.
🗞️ Reliance Jio explores IPO in 2026
Reliance Jio is considering a 25% IPO in 2026, which could transform the Indian telecom landscape.
💬 Expert Take — “A Reliance Jio IPO would be a game-changer for the Indian telecom market, providing liquidity and strengthening investor confidence in India’s digital ecosystem.”
🗞️ Warburg Pincus to invest ₹960 Cr in Lemon Tree
Warburg Pincus will invest ₹960 crore in Lemon Tree’s arm Fleur to take a 41% stake, boosting the hotel chain’s expansion efforts.
🗞️ India’s forex reserves fall by $980M
India’s forex reserves dropped by $980 million to $68.68 billion, driven by external uncertainties and lower FDI inflows.