RBI Holds Repo Rate Steady
Your daily bite of business & market news 🗞️
🗞️ PLI Food Processing Sales Rise 10.58%
Sales of PLI-supported food processing products rose 10.58%, highlighting strong growth in India’s food processing sector.
The increase reflects rising demand and successful policy support under the PLI scheme.
💬 Expert Take — “PLI-led growth in food processing signals early success in building scale-driven manufacturing ecosystems.”
🗞️ India Office Market Sees Record Leasing
India’s office market recorded its highest-ever quarterly leasing despite global headwinds.
The demand is driven by strong corporate expansion and global capability centers.
🗞️ Bank of Baroda Launches AI Platform ‘Bob Samvad’
Bob Samvad, an AI-powered multilingual platform, has been launched to enhance in-branch customer interactions.
The initiative reflects increasing adoption of AI in banking services.
🗞️ RBI Holds Repo Rate, Signals Stability
The RBI held repo rates steady, maintaining a balanced approach between growth and inflation control.
The decision signals policy stability amid global uncertainties.
🗞️ RBI Assures Stability in HDFC Bank
RBI Governor stated there are no governance concerns at HDFC Bank, reinforcing confidence in the banking system.
The assurance comes amid recent market speculation.
💬 Expert Take — “Regulatory clarity from RBI helps stabilise sentiment, especially when markets are sensitive to governance risks.”
🗞️ Adani Stocks Rally Up to 13%
Adani Group stocks surged up to 13%, adding ₹1 lakh crore in market value.
The rally was driven by improved sentiment, strong fundamentals, and renewed investor interest.
🗞️ Oil Risk Could Drag India Growth Below 6%
According to Morgan Stanley, India’s growth could slip below 6% if oil prices surge to $150 per barrel.
Rising energy costs remain a key macro risk for the economy.
🗞️ Global Tensions Continue to Impact Markets
Ongoing global tensions continue to influence market sentiment and commodity prices.
Geopolitical risks remain a key driver of volatility across global financial markets.
📊 Market Update (Today)
📈 Sensex: 77,562.90 ▲ 2,946.32 pts (+3.95%)
📈 Nifty 50: 23,997.35 ▲ 873.70 pts (+3.78%)
🪙 Gold (per gram): 24K ₹15,382 ▲ ₹398 | 22K ₹14,100 ▲ ₹365
🥈 Silver (per kg): ₹2,60,000 ▲ ₹10,000