RBI Dividend Powers Govt Purse 💰
Your daily dose of business news
🗞️ RBI’s record ₹2.7 lakh crore dividend fuels optimism
The RBI will transfer a record ₹2.7 trillion dividend to the government, largely driven by US dollar sell-offs and forex gains. This surplus boosts fiscal space ahead of FY26, supporting government capex without borrowing pressure.
💬 Expert Take: “This transfer is a powerful fiscal lever and reflects RBI’s effective forex operations,” said Soumya Kanti Ghosh, Chief Economic Advisor, SBI.
🗞️ Apple-Foxconn to invest $1.5B in Chennai
Foxconn will pump $1.5 billion into its Chennai facility, in partnership with Apple, to expand iPhone production. The move strengthens India’s electronics manufacturing ecosystem amid global diversification trends.
🗞️ NSE IPO “hinted at” by SEBI chief
SEBI chairman Tuhin Kanta Pandey signaled that NSE’s long-awaited IPO may be on the horizon, calling it “a matter of time.” Market watchers believe this could be a marquee listing for FY26.
🗞️ Coal Ministry surpasses asset monetisation goal
The Coal Ministry exceeded its FY24 monetisation target, raising ₹63,000 crore. Proceeds came from mining asset sales, land auctions, and coal handling infrastructure.
🗞️ Glenmark Q4 profit up 11% on strong Europe sales
Glenmark Pharmaceuticals reported a net profit of ₹173 crore for Q4 FY25, aided by robust performance in European markets and improved margins.
🗞️ DAR Credit IPO subscribed 98.5x
DAR Credit’s SME IPO closed with a massive 98.5x subscription. The overwhelming demand reflects investor appetite for niche NBFCs in the SME lending space.
🗞️ ITC announces largest dividend in 5 years
ITC Ltd. declared a ₹7.50 per share final dividend—the highest in five years. The total FY25 dividend stands at ₹13.50, boosting shareholder returns.
🗞️ New payments board may clash with RBI's oversight
The proposed Payments Regulatory Board could lead to jurisdictional overlap with the RBI, raising concerns over regulatory clarity and efficiency in the fast-growing fintech space.
💬 Expert Take: “While decentralisation has merits, dual regulation could confuse players and dilute accountability,” said Monika Halan, Author & Policy Advisor.
📊 Market Updates :
📈 Sensex: 81,187.44 ▲ +235.45 (+0.29%)
📈 Nifty 50: 24,750.15 ▲ +140.45 (+0.57%)
💵 USD/INR: ₹85.47 ▲ +0.02 (+0.02%)
🛢️ Brent Crude: $64.55 ▲ +0.43 (+0.67%)
🪙 Bitcoin: $111,800 ▼ -0.25%
🪙 Gold (24K): ₹9,765/gram ▼ -₹12