Economic Fundamentals Favour Stronger Rupee, Reforms Key: Surjit Bhalla
Economist Surjit Bhalla says India's strong economic fundamentals support a stronger rupee, calls for reforms like ending retrospective taxation to boost growth.
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Economist Surjit Bhalla says India's strong economic fundamentals support a stronger rupee, calls for reforms like ending retrospective taxation to boost growth.
Gautam Adani envisions a future where infrastructure and AI converge, with the Adani Group investing Rs 1.5 lakh crore in FY26 to build India's integrated physical-digital backbone.
Seven of India's top 10 firms lost Rs 1.54 trillion in market value last week. HDFC Bank and Bharti Airtel were among the biggest losers.
EaseMyTrip reports 8.9% YoY revenue growth to Rs 152 crore in Q4 FY26, with hotels segment surging 148%. Board approves Rs 500 crore fundraise for Vision 2030 expansion.
CITI welcomes temporary removal of 11% cotton import duty from June 1 to Oct 31, calling it a boost for India's textile exports and global competitiveness.
SBI report says RBI likely to hold repo rates in June MPC, pegs GDP at 6.6% for FY27, and warns of rupee depreciation and inflation risks.
Amid AI valuation concerns, FII flows may shift from US, Japan, and Taiwan back to India. Rupee stability and falling crude oil prices are key factors.
India revises export levies on petrol, diesel, and ATF from June 1 to ensure domestic supply amid West Asia crisis. Petrol duty cut to Rs 1.5/L, diesel at Rs 13.5/L.
Zara's India business sees net profit drop 32% to Rs 204.14 crore in FY26, with revenue falling 1.17%. Trent Ltd continues retail expansion amid challenges.
The textile industry welcomes the government's temporary exemption of customs duties on cotton imports, calling it a timely relief to boost raw material availability and export competitiveness.
NSE welcomes MCA's amendment allowing up to 10% CSR spending through Social Stock Exchange instruments, boosting transparency and funding for non-profits.
NSE extends F&O market close to 3:40 pm from Aug 3, aligning with new Closing Auction Session in cash segment to reduce pricing uncertainty.
Ministry of Corporate Affairs notifies Companies Amendment Rules 2026, allowing firms to invest up to 10% of CSR spend in Zero Coupon Zero Principal Instruments on Social Stock Exchanges.
Report recommends overweight on Indian mid & small caps due to macroeconomic resilience. Portfolio allocation of 50% hybrid/large caps, 40% SMIDs, 10% global exposure.
Foreign investors offload Rs 32,963 crore in Indian equities in May, marking third consecutive month of selling. West Asia tensions and AI trends weigh on sentiment.
Indian banking RoA expected to slip 10-15 bps to 1.1-1.2% in FY26 due to lower treasury income and ECL provisioning, says Crisil. NIM stable at 2.9%.
Mahanagar Gas Limited hikes CNG prices by Rs 2/kg to Rs 86 in Mumbai; piped cooking gas up 50 paise. Global energy pressures and West Asian conflict cited.
Indian benchmarks Sensex and Nifty fell this week due to below-normal monsoon forecast and sustained FII selling, raising food inflation fears.
IIFCL targets Rs 75,000 crore sanctions in FY26, a 30% jump. MD Rohit Rishi cites removal of lending caps and record NPA drop to 0.40%.
RBI data shows non-food bank credit growth accelerated to 15.8% in April 2026, led by services, industry, and personal loans.