RBI Holds Repo Rate at 6.5%
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🗞️ RBI Holds Repo Rate at 6.5%
The RBI Monetary Policy Committee kept the repo rate unchanged at 6.5% for the sixth straight meeting, citing inflation concerns and global uncertainties. RBI Governor Shaktikanta Das reaffirmed a commitment to bring inflation under control while supporting growth.
💬 Expert Take: “The RBI’s stance remains ‘withdrawal of accommodation’—indicating caution on rate cuts in the near term.”
🗞️ Uber Eyes Funding for Robotaxi Push
Uber is in early talks with global banks and private equity firms to raise billions of dollars to expand its robotaxi business, especially in the U.S. and select Asian markets. The move comes amid rising global competition in autonomous driving.
🗞️ Trump Threatens 25% Tariff on India
U.S. presidential candidate Donald Trump has threatened to impose an additional 25% tariff on Indian imports if re-elected. This comes as part of his larger “America First” economic policy agenda.
🗞️ Adani Ports Posts 65% Profit Jump in Q1
Adani Ports & SEZ reported a 65% YoY increase in net profit, reaching ₹3,310.6 crore in Q1FY26. Cargo volumes surged to 109 million tonnes, led by higher container and coal shipments.
💬 Expert View: Operational efficiencies and global trade recovery boosted the port operator’s bottom line.
🗞️ Shriram Life’s NBP Up 21% in Q1
Shriram Life Insurance recorded a 21% YoY rise in individual new business premium (NBP) for Q1FY26. This growth reflects improved agent productivity and a digital push for policy sales.
🗞️ Clean Energy Startup Hylenr Raises $3 Mn
Clean tech startup Hylenr secured $3 million in seed funding led by Transition VC. The company aims to scale its green hydrogen tech for industrial applications.
🗞️ Highway Infra IPO Sees 35x Demand on Day 2
The Highway Infrastructure IPO was subscribed over 35x on Day 2, driven by robust demand from HNIs and retail investors. GMP has jumped sharply, indicating strong listing gains.
📊 Market Update
📉 Sensex: 80,402.13 ▼ −308.12 (−0.38%)
📉 Nifty 50: 24,583.35 ▼ −66.20 (−0.27%)
💵 USD/INR: ₹87.94 (slightly weakened)
🪙 Gold (24K): ₹10,223/gm (~₹1,02,230/10g)
🛢️ Brent Crude: ~$84.89/bbl (steady)