US Fed Cuts Rates by 25 bps
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🗞️ US Fed cuts rates by 25 bps
The US Federal Reserve has reduced interest rates by 25 basis points, its first cut in over a year, as the threat of a U.S. government shutdown and slowing growth cloud the economic outlook.
💬 Expert Take — “This move signals a policy pivot toward supporting growth. Expect emerging markets to benefit from easier liquidity and stable yields.”
🗞️ Reliance Jio offers 18 months of free Google AI Pro access
Reliance Jio will provide 18 months of free access to Google AI Pro, valued at ₹35,000, to its premium users. This partnership strengthens Jio’s positioning as a leader in AI-integrated telecom services.
💬 Expert Take — “By bundling AI tools, Jio is moving from connectivity to capability — redefining telecom as an enabler of digital intelligence.”
🗞️ DLF Q2 profit jumps 54% QoQ
DLF reported a 54% quarter-on-quarter rise in profit to ₹1,180 crore, driven by strong residential sales and luxury launches. Year-on-year profit dipped 14% due to last year’s exceptional gains.
🗞️ Shankar Sharma defends Lenskart amid controversy
Ace investor Shankar Sharma defended Lenskart, calling it “a steal” compared to Paytm and Zomato, while alleging an “organized campaign” against the eyewear giant ahead of its IPO.
🗞️ 80% of UPI volumes controlled by two apps
A Fintech industry body has written to the Finance Ministry expressing concern that two UPI apps dominate 80% of transaction volumes, calling for a more competitive framework.
🗞️ Indian Ayurveda economy valued at $43 billion
According to Ayush Secretary Rajesh Kotecha, India’s Ayurveda economy is now valued at $43 billion, driven by exports and rising global acceptance of traditional medicine.
🗞️ Hyundai Motor Q2 profit up 14% YoY
Hyundai Motor posted a 14% YoY increase in consolidated profit, aided by stable exports and resilient SUV demand. Revenue grew 1% to ₹1.1 lakh crore.
📊 Market Update
📉 Sensex: 84,404.46 ▼ 592.67 pts (-0.70%)
📉 Nifty 50: 25,877.85 ▼ 176.05 pts (-0.68%)
💱 USD/INR: 88.26
🪙 Gold (per gram, Pune): 24K ₹12,148 ▼ ₹92 | 22K ₹11,135 ▼ ₹85
🥈 Silver (per kg): ₹1,51,000 ▼ ₹1,000