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Under a strategic partnership, Indian Oil and Panasonic Energy of Japan will investigate the possibility of producing lithium-ion battery cells in India.

The sister company of JSW Infra, JSW Energy, is likewise looking at acquisitions in the green energy space.

The stand-out trend in mutual funds in the last couple of months has been the return of active equity funds

Spot gold was up 0.3% at $2,408.19 per ounce. Prices reached an all-time high of $2,483.60 last week. Gold futures increased 0.5% to $2,410.40.

Brent crude prices were up 48 cents, or 0.57%, at $83.10 a barrel, while US West Texas Intermediate crude futures rose 42 cents, or 0.52%, to $80.55.

With the economic landscape constantly evolving, the insights from the Economic Survey will be closely watched for their implications on India’s fiscal and economic policies.

Nearly half (48%) of Indian households reported a decline in earnings and savings compared to the previous year. Inflation (5.08% in June 2024) is a major contributor to financial stress, straining household budgets on essentials like food, rent, education, and transportation.

Within deposits, HDFC Bank's current account savings account (CASA) deposits increased by 6.2% year on year in April-June.

According to Ayukawa, Suzuki hopes to release its first EV in India and Europe next year after showcasing its mass production model.

The anticipated budget will likely address these concerns through targeted reforms and incentives aimed at sustaining economic momentum and improving the business environment.