News Overview

The company's revenue from operations increased by 1.4%, reaching ₹6,334.9 Crore compared to ₹6,244.6 Crore in the corresponding period of the previous fiscal year.

Among the top gainers in the Sensex are Tata Motors, HDFC Bank, Bharti Airtel, and ITC,

Though headline CPI print is moderating, the apex bank has decided to keep a strict vigil on underlying price pressures in view of the higher food prices. 

Todays' RBI policy is in the same vein. If RBI were to sound dovish today, and inflation (or global yields) were to rise thereafter, then RBI would have played all its cards too soon.

Overall, it was a mildly cautious policy with a clear message on vanquishing the food inflation before considering a rate cut.

Brainbees Solutions aims to raise ₹4,193.73 Crore through the IPO, with ₹1,666 Crore coming from the issuance of fresh shares.

The company offers a range of software products to help businesses efficiently manage post-purchase e-commerce operations.

While the RBI has held rates for the 9 policy in a row, the focus will be on what the Fed does in September

RBI continued to keep the inflation forecast for FY 25 at 4.5%.

The MPC remains vigilant about high food inflation, emphasizing the need for banks to mobilize household financial savings and manage structural liquidity issues.