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RVNL shares rose after winning an order from IRCON for signalling and telecom works, including new interlocking systems, control upgrades, and related installations, to be completed within the year.

Tata Motors shares jumped 3% on GST cut hopes, with analysts citing a potential 28% to 18% rate reduction benefiting SUVs and commercial vehicles. The broader auto sector, including Maruti, Hero MotoCorp, and Ashok Leyland, also rallied on improved demand prospects.

WTI crude oil is nearing $60, while Brent is in the mid-$60s, influenced by expectations of an oil glut in early Q4, potentially lowering inflation and boosting consumer spending. India s dramatic increase in Russian crude purchases to 35-36% is a significant shift. The Ukrainian peace deal is unlikely to be done quickly, and the Trump-Putin summit s implications are still unfolding.

Shreeji Shipping Global will launch its Rs 411-crore IPO on August 19, with a price band of Rs 240–252 per share. The issue, entirely fresh equity, closes on August 21. GMP stands at Rs 26, indicating a 10% listing premium. Proceeds will fund vessel acquisitions, debt repayment, and expansion. Shares list on August 26.

ICRA ESG Ratings launches Second Party Opinion (SPO) service to enhance transparency in ESG debt markets. The SPO evaluates governance, use of proceeds, and global alignment, helping issuers showcase credibility and investors mitigate greenwashing risks amid growing sustainable finance demand in India.

Fractional ownership is revolutionizing real estate investment in India, enabling retail investors to access premium commercial properties like offices and warehouses. SEBI s SM REIT framework and digital platforms are democratizing access, allowing young professionals and NRIs to co-own assets and earn rental income with potential capital appreciation. While risks exist, fractional ownership presents a compelling wealth-building opportunity.

S&P Global Ratings upgraded India s sovereign credit rating for the first time in 18 years, citing fiscal commitment and strong growth. While Bank of America Securities believes the immediate market impact may be limited due to tariff uncertainty, the upgrade validates the government s fiscal credibility and could lead to further positive rating actions after the next budget.

Prime Minister Narendra Modi’s Independence Day address unveiled sweeping GST reforms, proposing to replace the existing four-tier system with two key slabs—5% and 18%—while retaining a 40% rate for luxury and sin goods.

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On Independence Day, Narendra Modi highlighted India s global strength. He emphasized research, technology, and job creation. GST reforms for MSMEs are coming by Diwali. The Prime Minister discussed energy security, deep sea oil exploration, and private sector nuclear power. Pharma research was also a key focus. He called for Atmanirbhar Bharat, promoting self-reliance across various sectors.

Bitcoin drops 5% to $115K in one week. Here's why

Updated at : 2025-08-18 18:25:01

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Bitcoin experienced a nearly 5% drop, reaching $115,000 after hitting a high of $124,000. Ethereum also declined, trading near $4,300. Experts advise caution before investing in altcoins. Japan s FSA is expected to approve yen-denominated stablecoins. Gemini has filed with the U.S. SEC to list its Class A common stock on Nasdaq. The crypto market shows volatility and potential shifts.

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