Indian households now spend more on experiences and lifestyle choices. Average monthly spending has risen across both rural and urban areas. Food now constitutes a smaller portion of household expenditure. Easy credit options enable more accessible purchases and lifestyle upgrades. Despite increased spending, financial security remains a significant concern for many.
SBI Funds Management made a strong debut on Dalal Street today, listing at a premium of around 7% over its IPO price. The stock opened at Rs 610 on the BSE, which is a gain of 6.27% from the issue price of Rs 574, while it listed at Rs 613.30 on the NSE.
In a note dated July 20, Goldman Sachs analysts said, “Escalation in the Middle East and the decline in estimated Persian Gulf flows to below 45% of pre-war levels have pushed oil prices back up.”
Gold price prediction today: Gold prices continue to be under pressure and downside risks remain, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Canadian Prime Minister Carney stated new US tariffs violate the CUSMA trade agreement. He affirmed continued government support for Canadian workers and businesses. These tariffs target Canadian exports like vehicles and dairy products. Canada has proposed detailed solutions and remains open to negotiations. The nation will take necessary measures to strengthen its domestic economy.
NSE Indices has launched the Nifty 500 Ahimsa Index for investors. This new gauge includes companies that do not harm animals in their business. The index aligns with non-violence principles and excludes certain firms. It aims to redirect capital towards compassionate and cruelty-free investing. This initiative offers ethical investors clearer alternatives for their portfolios.
Startups founded by former tech professionals are attracting venture capital investment. These operator-led ventures, though few, are securing a growing share of funding. They consistently receive larger funding rounds and higher valuations compared to others. Experienced founders bring valuable company-building skills and execution focus to their new companies. This trend indicates a shift in investor
Hyundai Motor India is expanding charging infrastructure and component localization. The company plans to launch its first mass-market electric SUV this fiscal year. This move targets the affordable, sub-Rs 15 lakh segment of the EV market. Hyundai has previously focused on premium electric vehicle offerings in India. The new SUV launch will precede the CAFE
