SEBI approved IPOs for nine diverse companies, including Garuda Aerospace, PlaySimple Games, Rediff.com and Jakson Green, spanning engineering, travel tech, gaming, drones, paper and renewable energy. The approvals add roughly ₹3,200 crore of fresh capital to the market and signal a rejuvenated primary market pipeline after a slowdown.
SEBI announced it will cut FY27 inspection visits for stock brokers and depositories to about one-third of last year’s count. The regulator will now conduct joint, risk-based inspections, prioritising firms flagged by alerts, complaints or high-risk scores, while compliant intermediaries face fewer visits. This aims to ease compliance burdens and sharpen oversight of risky players.
Titan reported a 20% YoY rise in Q2 revenue to ₹21,356 crore, driven by a 43% jump in jewellery income despite record-high gold prices. The rebound, led by premium lines like Tanishq and CaratLane, signals strong consumer appetite for higher‑value pieces and room for market‑share gains.
Only about 22% of crypto users who had TDS deducted filed an ITR, exposing a massive compliance blind spot. Missed the July deadline? Belated returns are still allowed until 31 August (non‑audit) or 31 December, and TDS refunds remain claimable if Schedule VDA is correctly filed.
Despite robust GDP growth, Modi’s supply‑side reforms haven’t translated into jobs for India’s 20‑million‑strong new‑enterer cohort. Structural unemployment remains high, eroding the demographic dividend and fueling protests. The slowdown in job creation threatens social stability and calls for a policy pivot toward labour‑intensive sectors.
Crisil’s Roti Rice Report shows July’s average home‑cooked thali rose 9% YoY, driven by a 20% jump in onion prices and double‑digit hikes in vegetable oil and LPG. The surge reflects supply shocks from Maharashtra’s crop damage and higher energy costs linked to the West Asia conflict, tightening household food budgets.
The Economist finds that despite fears of mass layoffs from large language models, India’s 6 million‑strong IT workforce has not shrunk. Companies are moving into consulting, advanced analytics and product development, tasks AI can’t automate. The shift matters because the sector, a 1 % slice of the labor market, underpins major export earnings.
The Indian Express maps how the Trump administration’s push for a level playing field is driving India’s Finance Ministry to propose a levy on UPI and RuPay debit‑card transactions, tying it to the pending US‑India trade deal. If approved, banks could start charging fees, raising costs for consumers and challenging the zero‑fee model that has sidelined US card firms.
The Enforcement Directorate lodged a prosecution complaint against nine suspects in the Kotak Mahindra Bank-Panchkula Municipal Corporation scam and attached assets worth ₹131.13 crore, including a Porsche Cayenne, multiple BMWs, a Land Cruiser and a Harley‑Davidson. The move highlights a deep‑rooted money‑laundering breach within a major private lender and signals tougher regulatory scrutiny.
The RBI has turned down Religare Enterprises' plan to spin off its lending and financial services arm into Religare Finvest, despite approvals from stock exchanges and SEBI. The regulator gave no reasons, leaving the split that would have created two listed entities on hold and adding uncertainty for shareholders.
Following investor complaints, SEBI has opened a probe into the Thane ponzi operation, treating it as an unregistered Collective Investment Scheme and demanding scheme documents. The Economic Offences Wing has already filed a 3,500‑page chargesheet, noting 1,246 investors were duped and claims total about Rs 23 cr. The dual scrutiny underscores the scale of the fraud and the regulatory push to protect depositors.
You’re caught up.
That was all 11 stories in the 8 August issue.