Business

India Business News: The RBI’s MPC has maintained the repo rate at 5.5% in its August review, offering no immediate EMI relief for borrowers, despite previous cuts. While Source

China, which produces around 90% of the world’s rare earth magnets, put restrictions in April on their export, and while it has restarted some supplies to the United States and Europe, Indian companies are still awaiting clearance from Beijing. Source

ITR Filing 2025 HRA Exemption: ‘It’s technically legal to claim HRA if you’re paying rent to your parents. But it’s only legal if you’re actually doing it — and doing it right,” says CA Apoorva Gavai. Source

India Business News: NSDL shares debuted strongly on Wednesday, listing at a 15% premium over the issue price of Rs 800, reaching Rs 920 and a market valuation of Rs 18,24 Source

The mining lease pertains to a limestone block spread over an area of 160.3882 hectares. Birla Corporation secured the block with the highest final price offer of 63.50%. Shares of Birla Corporation Ltd ended at ₹1,393.40, up by ₹2.15, or 0.15%, on the BSE. Source

Stock Market Today, August 7: Market sentiment remains cautiously optimistic, dampened by persistent volatility and mixed global cues, says Choice Broking in its note. Source

India Business News: RBI Governor Sanjay Malhotra acknowledges the difficulty in predicting the impact of potential US tariffs on India’s GDP growth. While the central ban Source

Manipal Hospitals has strengthened its presence in Maharashtra with the ₹6,000 crore acquisition of Pune-based Sahyadri Hospitals. According to Kaivaan Movdawalla, Partner at Ernst & Young India, this deal gives Manipal a strategic foothold in a populous state and access to an underserved market with significant growth potential. Sahyadri’s unique “ripple strategy” of expanding from…

At the interbank foreign exchange, the rupee opens at 87.69 against a US dollar, up 3 paise from its previous close of 87.72. Source

Financial Literacy News: RBI Governor announced measures to simplify claim settlements for deceased customers’ accounts and lockers, alongside a re-KYC drive for PMJDY account Source