Latest Financial News & Market Updates

• Commercial LPG cylinder prices cut from August 1; domestic rates unchanged
  IOC cuts commercial LPG cylinder prices by ₹192 from August 1, benefiting restaurants, hotels, and businesses. Domestic prices unchanged.
• RBI says forex inflows under swap facility cross $40 billion by July-end
  RBI's concessional swap facility mobilised $40.82 billion in foreign currency inflows by July 31, 2026, mainly via FCNR(B) deposits.
• Jet fuel price for domestic airlines increased by ₹5 per litre
  Indian Oil Corporation raises ATF price by ₹5 per litre, impacting domestic airlines' fuel costs.
• India's fiscal deficit widens to ₹3.1 lakh crore in Q1 despite higher tax collections as capex picks up
  The Centre's fiscal deficit stood at 18.2% of its full-year target at the end of June, with higher infrastructure spending offset in part by stronger tax collections.
• Cabinet approves ₹3.15 lakh crore for PM-Kisan, major funding for sports and floating solar
  The Union Cabinet has extended the PM-Kisan income support scheme for another five years, approved a bigger Khelo India programme, and cleared a new floating solar initiative, together committing over ₹3.5 lakh crore towards farmers, sports and clean energy.
• The ₹84,084 crore plan to reduce India's dependence on imported oil
  The Union Cabinet has approved an ₹84,084 crore offshore oil and gas exploration programme aimed at finding more domestic energy reserves, reducing India's dependence on imports and boosting production from deep-water fields over the next several years.
• Deficit turned into dependence? India’s growing trade deficit with China
  At present China has taken over the US as India’s largest trading partner with bilateral trade reaching $151.1 billion. The US has been India’s largest trading partner for last four consecutive years, write Parthu Venkatesh P and Durairaj Kumarasamy of MRIIRS' Department of Economics, School of Commerce and Economics (SoCE).
• No rate hike needed now, says Pronab Sen as economists urge RBI to watch growth risks
  Economists expect the RBI to stay on hold as it balances rising inflation risks against a slowing growth outlook. They flagged crude oil, tariffs, the rupee and weather as key variables that could shape future policy. What does this mean for the RBI's next move? Watch the full discussion.
• RBI’s new bulk deposit rule from October 1: What will change for banks and customers
  The Reserve Bank of India has revised the framework governing rupee bulk deposits, allowing banks to price such deposits based on liquidity risk while mandating daily disclosure of bulk deposit rates. The revised norms will come into effect from October 1, 2026.
• US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high
  US Q2 GDP grew 1.5%, below expectations, but consumer spending rose. Inflation remains above Fed's 2% target.

• Muthoot Finance recommends Alexander George as Managing Director from October 1
  Muthoot Finance names Alexander George as new MD, George Alexander Muthoot becomes Executive Vice Chairman. K R Bijimon elevated to CEO.
• IIRM Holdings announces ₹150 crore fundraise led by Carpediem Capital, Sanshi Fund-I
  IIRM Holdings India to raise ₹1,500 million via equity and warrants, led by Carpediem Capital and Sanshi Fund-I, for global expansion.
• Muthoot Finance Q1 profit jumps 43%; gold loan AUM nears ₹2 lakh crore
  Muthoot Finance Q1 FY27 net profit jumps 43% to ₹2,825 crore, driven by strong gold loan portfolio growth and record AUM.
• BCCL July coal production rises over 3% to 2.45 million tonnes; offtake jumps 11%
  BCCL reports 3.4% rise in raw coal production for July 2026, with coking coal up 4.6%. Overall April-July output remains lower.
• Eicher Motors July sales: Royal Enfield volumes climb 34% to 1.18 lakh units
  Royal Enfield sales rose 34% in July 2026, driven by domestic demand. The company sold 1,18,232 motorcycles. It will invest in a new Andhra Pradesh facility and expand its electric motorcycle network.
• Coal India reports 8.4% rise in July coal production, offtake jumps 17.4%
  CIL's July 2026 coal production rose 8.4% to 50.4 MT, offtake up 17.4% to 63.7 MT. April-July production declined 4.3%, but offtake grew 6.8%. MCL production fell 10.7% in July.
• CDSL Q1 results: Net profit rises 15%, demat accounts cross 18.59 crore
  CDSL reports 15% net profit jump to ₹118 crore in Q1 FY27, total income up 15%, crosses 18.59 crore demat accounts.
• Maruti Suzuki July sales: Domestic volumes cross 2 lakh units for first time, total sales up 34%
  Maruti Suzuki India Ltd. reported a 33.7% rise in total sales in July 2026, selling 2,41,421 units. Domestic sales hit a record 2,00,123 units.
• Kia India July sales hit record high at 28,200 units, rise 27% YoY
  Kia India reported its highest-ever July wholesale performance, dispatching 28,200 units, up 27.4% year-on-year. Seltos and Sonet drove growth.
• Ashwini Agarwal sees banking, textiles leading as earnings momentum strengthens
  India's equity market remains supported by healthy earnings and attractive bank valuations, says Demeter Advisors' Ashwini Agarwal, while warning that rising global interest rates remain the biggest risk.