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RBI Tightens Bank Exposure Rules for Real Estate and Securities
The Reserve Bank of India's new regulations, effective July 1, limit bank exposure to real estate and securities by restricting third-party collateral and imposing lending caps. Originally set for April, the delay allowed for market recalibration to prevent excessive leverage.
Russia Imports Gasoline from India Amid Ukraine-Induced Fuel Shortages
Russia has begun importing gasoline by sea from India to alleviate domestic fuel shortages caused by Ukrainian attacks on its energy infrastructure. India has already shipped at least 60,000 metric tonnes, with Russia planning monthly imports of 400,000 tonnes from various countries, including Belarus.
Delhi's New EV Policy: Subsidies within 60 Days, Road Tax Exemptions for EVs
Delhi's new EV Policy offers subsidies within 60 days for electric vehicle buyers, including two-wheelers up to Rs 2.25 lakh. Incentives for electric two, three, and four-wheeled goods vehicles will be directly transferred. Electric cars get road tax and registration fee exemptions until March 2030.
India's Crude Oil Imports: Russia Dominates Amidst Geopolitical Shifts
India's crude oil imports from Russia have reached an all-time high, exceeding 50% in June, driven by the US-Iran conflict and a lapsed sanctions waiver on Iranian oil. While Russia remains the dominant supplier, potential rebalancing towards Middle Eastern sources is expected as the Strait of Hormuz reopens and discounts narrow.
India's Biggest Challenge: Creating Productive Jobs for Demographic Dividend, Says Bank of America Expert
Bank of America's Rahul Bajoria identifies job creation as India's primary long-term structural challenge. He highlights underemployment and the need for a decade-long collaborative effort from government, private sector, and households to leverage the demographic dividend. Bajoria also notes AI's challenges and opportunities, stressing the importance of revamping skilling and education.
KPIT Technologies Stock Plunges 17% on Revenue Slowdown Warning
KPIT Technologies' stock dropped 17% after warning of a Q1FY27 revenue slowdown due to cutbacks from European auto giants like BMW and Volkswagen. Analysts have downgraded the stock, citing a steeper revenue and profit margin hit, while KPIT anticipates recovery by Q4FY27.
