Zerodha founder Nithin Kamath says the freshly‑launched Closing Auction Sessions on BSE and NSE are exposing India’s shallow liquidity and limited arbitrage capacity, not the auction design itself. He warns the timing clashes with RBI’s new capital‑market exposure limits, and calls for deeper market‑making, easier shorting and securities lending to fix structural cracks.
SKIMS has teamed up with Reliance Brands to roll out its shapewear and lifestyle line in India, starting with flagship stores in Delhi and Mumbai. The launch taps a fast‑growing luxury market and signals a broader push by premium US brands into Indian consumer demand for inclusive, comfortable fashion.
In a memo from Sundar Pichai, DeepMind founder Demis Hassabis will swap his CEO duties for the chair of Google DeepMind and the role of Alphabet chief scientist. Veteran AI leader Jeff Dean is leaving to launch a new AI‑for‑science startup. The reshuffle sharpens Alphabet’s focus on AGI strategy and next‑generation Gemini models.
The government raised Rs 31,552 crore from LIC’s oversubscribed Offer for Sale, fully exercising the green‑shoe and hitting the 10 % public‑shareholding mandate early. It marks India’s largest public offering ever, bolstering exchequer coffers and deepening market participation.
India’s forced 20% ethanol‑petrol blend has ignited a wave of complaints over mileage loss and engine wear, prompting opposition politicians to demand answers from Maruti Suzuki and Toyota. The policy, touted to curb crude imports and aid farmers, now risks slowing the shift to EVs.
The RBI will draft uniform rules for loan pricing, covering day‑count conventions and benchmark reset dates. The move is meant to make interest calculations clearer, improve monetary‑policy transmission and tighten consumer protection, without altering borrowers’ EMIs. Draft directions are expected shortly.
World Gold Council data shows central banks bought 51 tonnes of gold in June, the highest monthly haul this year. Poland added 19 tonnes, China 15, while Uzbekistan and Kazakhstan contributed as well. The surge helped lift gold prices amid geopolitical uncertainty.
You’re caught up.
That was all 7 stories in the 6 August issue.