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Renol Polychem will launch on the NSE SME platform this Thursday. The IPO was subscribed 6.83 times. The IPO price is Rs 105 per share. The company aims to raise Rs 25.77 crore through this IPO. Renol Polychem manufactures colour masterbatches and plastic pigments. The IPO proceeds will fund machinery purchases and working capital.

Reserve Bank of India Governor Sanjay Malhotra refuted Donald Trump s remarks on India s economy. He highlighted India s significant contribution to global growth. Malhotra stated India s growth rate is robust, around 6.5%. He mentioned India contributes 18% to global GDP growth, surpassing the U.S. The RBI aims for even higher growth, building on past achievements. The RBI maintains its 6.

A recent RBI survey indicates Indian households anticipate moderate commodity price increases. Inflation expectations have decreased, with the median perception dropping to 7.2% in July. RBI Governor Sanjay Malhotra noted a more favorable inflation outlook for 2025-26, attributing it to base effects and monsoon progress. While fewer expect food price hikes, more anticipate increases in durable goods and service costs.

Bharti Airtel is gearing up for its next growth phase, fueled by strong financials, exploring IPOs for Airtel Payments Bank and Nxtra, and an InViT for its fibre assets. The company reported impressive Q1 results, with rising profits and reduced debt.

This marks the first status quo under Governor Sanjay Malhotra, who took office earlier this year. The RBI lowered its FY26 inflation forecast to 3.1% from 3.7% earlier, while retaining the growth projection at 6.5%. Speaking to the media, Malhotra said there wasn’t enough data to revise gross domestic production (GDP) forecasts and noted, “India is less dependent on the outside so far as inflation is concerned.”

Indian companies are increasingly turning to corporate bonds and commercial papers for funding, driven by slower bank credit growth. Issuances of commercial paper have surged, and corporate bond issuances reached a four-year high in Q1 FY26. This shift reflects quicker transmission in money markets, making market-based instruments a more attractive funding source for large corporations.

US stock futures edged higher despite President Trump s threat of a 100% tariff on chip imports, with exemptions for companies relocating production to the US. The tariff announcement injected volatility, overshadowing positive sentiment fueled by expectations of a Federal Reserve rate cut. Trump also plans meetings with Putin and Zelenskiy while imposing tariffs on Indian goods.

Reserve Bank of India has released new rules for co-lending between banks and NBFCs. Lenders must keep 10% of each loan. Default loss guarantee is now capped at 5%. A uniform asset classification is introduced. Credit policies must include co-lending provisions. Loan agreements need upfront disclosures. Interest rates will be blended. All transactions will go through an escrow account.

An internal working group of the Reserve Bank of India has recommended retaining the Weighted Average Call Rate (WACR) as the main operating target for monetary policy, citing its strong correlation with other overnight rates and effectiveness in signal transmission to instruments like T-bills, CPs, and bonds.

All regulated entities have been allowed to provide partial credit enhancement (PCE) to bonds issued by corporates/ special purpose vehicles (SPVs) for funding all types of projects and to also bonds issued by non-deposit taking NBFCs with asset size of ?1,000 crore.