News Overview

The RBI maintains its CPI inflation forecast for FY25 at 4.5%, with updated quarterly projections and a focus on managing food inflation to maintain monetary policy credibility.

Net income attributable to Novelis Inc's common shareholders, excluding extraordinary items, increased 32% YoY to $204 Million.

In the first quarter of this fiscal year, operating EBITDA increased by 3.5% to ₹248.30 Crore from ₹239.80 Crore in the previous year.

Interestingly, the cumulative investment of ₹10 Lakh Crore since FY18 is similar to the company's whole revenue for FY24.

In the first quarter of this fiscal, EBITDA decreased by 2.8% to ₹1,462.6 Crore compared to ₹1,504.6 Crore in the same period last year.

The Reserve Bank of India maintains its GDP growth forecast for 2024-25 at 7.2%, focusing on inflation control amid steady economic growth

The NFO is available for subscription from August 7 to August 21.

The NSE updates the list of securities in the F&O ban for trade every day.

The Reserve Bank of India’s Monetary Policy Committee kept the policy repo rate and stance unchanged at 6.50%

In other precious metals news, silver rose 0.6%, platinum fell 0.4%, and palladium gained 0.56%.