Results
RBI Keeps Rates on Hold but Signals Possible Hike if Inflation Rises
This 'Insights' piece from Lumic delves into the recent RBI Monetary Policy Committee (MPC) decision. While the RBI repo rate remains steady at 5.25%, the MPC's minutes reveal concerns about rising inflation. Members have clearly warned that if inflation trends upwards, a future RBI rate hike cannot be ruled out. Deputy Governor Poonam Gupta's comments suggest that current conditions do not allow for any repo rate cut, hinting at a potential reversal in the interest rate cycle. With inflation forecast to potentially peak at 5.9% in Q3, the Indian economy might see tighter monetary policy sooner than expected. This development is crucial for understanding the RBI rate outlook and its implications for the Indian market.
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Results
Bajaj Auto Sales Surge 28% as Exports Jump 51% in August 2026
- Bajaj Auto's August sales rose 28% to 5.36 lakh units, driven by a sharp 51% exports jump
- Exports surged 51% to 2.80 lakh units, outpacing Bajaj Auto's 10% domestic sales growth
- Two-wheeler sales climbed 30%, with exports rising 53% and driving the strongest growth
Industrials
Nvidia Q2 Sales Hit $96.2 Billion as AI Demand Keeps Surging
- Nvidia’s $96.2 billion Q2 revenue beat estimates, but investors still wanted more
- Data- Center revenue jumped 117%, yet investors still want even faster AI growth
- Q3 guidance beat estimates, but high expectations leave little room for surprise