RBI Rate Cut Before Diwali?
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🗞️ RBI May Cut Rates Before Diwali
The RBI might announce a 25 bps rate cut in August to boost credit demand ahead of the festive season, as per an SBI Research report.
💬 Expert Take:
“A pre-Diwali rate cut can give a solid push to consumer sentiment and festive spending.” — Aniket Sharma, Market Economist
🗞️ Arcil Files DRHP for IPO
Arcil, India’s first Asset Reconstruction Company, has filed its draft red herring prospectus with SEBI, planning to go public soon.
🗞️ U.S. Sanctions Could Cost India Dearly
If the U.S. cracks down on India's Russian oil imports, analysts warn that it could add $9–11 billion to India’s annual import bill.
🗞️ Logistics Cost May Dip Below 10% by Dec
Union Minister Nitin Gadkari stated that India’s logistics cost will fall below 10% of GDP by December, driven by infra and digital tools.
💬 Expert Take:
“A reduction in logistics costs can enhance competitiveness of Indian exports and MSMEs.” — Rina Sahu, Logistics Analyst
🗞️ Kothari Industrial Enters Footwear Biz
Kothari Industrial Corporation has acquired footwear brands Zodiz and Jeetlo, signaling a shift into consumer retail.
🗞️ India Will Keep Buying Russian Oil
Despite global pressure, Indian sources told the NYT that India will continue purchasing discounted Russian oil to meet energy needs.
🗞️ NAREDCO Wants 18% GST Cap on Materials
NAREDCO has urged the govt to cap GST on building materials at 18%, arguing that high tax inflates housing costs.
🗞️ FPIs Continue Debt Market Exit
Foreign Portfolio Investors have been selling Indian debt for the 4th month in a row, driven by global yields.