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Early loan repayment reduces interest costs but may not immediately improve credit scores. Kaushik Chatterjee said, "Early loan repayment reflects responsible financial behaviour, but it does not necessarily translate into an immediate boost in your credit score." Experts suggest that consistent repayment habits matter more than closing a loan early.
Shareholders of Persistent Systems approved the acquisition of Nagarro SE at the company’s Annual General Meeting on August 5, 2026. "Persistent and Nagarro will build one of the world's leading AI-led digital engineering companies," said CEO Sandeep Kalra. The firm will soon share full offer details on its official website.
The RBI has no plan to close the special FCNR (B) deposit window early despite robust inflows. Malhotra told reporters on Wednesday, "As of now, there is no proposal under consideration to close the scheme prematurely." The scheme received $40.8 billion by August 1, 2026, helping to fortify India's external position.
The Monetary Policy Committee unanimously held the repo rate at 5.25 percent. The Reserve Bank of India kept a neutral stance as it remains watchful of inflation. While the committee raised the FY27 growth forecast to 6.7 percent, it noted that food-price risks and oil prices keep the outlook uncertain.
JPMorgan Chase CEO Jamie Dimon started a new industry group to tackle risks from AI. The initiative, which began in July, includes over 40 companies from critical sectors. Dimon said, "We are proud to support this important work." The group aims to share information and work with the government.
RBI Governor Sanjay Malhotra said on Wednesday that the rural economy and agriculture sector have become more resilient. Better irrigation, farm mechanisation, and allied activities helped households offset income losses. "I think Indian economy, especially the agriculture sector, has demonstrated great resilience," he said during the post-monetary policy press conference.
M L Jat said India must shift from a production-centric agriculture model to an agri-food value chain approach on Tuesday. This change helps boost farmers' incomes and creates rural jobs. Jat also noted, "Empowering women in the agri-food system is not merely a matter of equity. It is a strategic imperative."
The Society of Indian Automobile Manufacturers withdrew its communication regarding E20 fuel contamination concerns. SIAM said, "Some numbers quoted in the communication need authentication through collection of elaborate data." The body previously flagged issues like chloride contamination and moisture. Meanwhile, the Petroleum Ministry said OMCs regularly monitor fuel quality.
Financial advisor Prem Soni says Gen Z spends on Rs 15,000 sneakers and expensive iPhones because traditional milestones feel unreachable. He argues this reflects the "Lipstick Effect," where young people choose small luxuries over saving for homes costing Rs 3 crore. Many now prefer immediate enjoyment instead of long-term financial goals.
Indian refiners bought more crude oil from the Middle East and West Africa, trade sources said on Wednesday. Mangalore Refinery and Petrochemicals bought 1 million barrels of Oman crude at a $3 premium. Meanwhile, Indian Oil Corp got four million barrels of West African crude from Chevron to boost supplies.
Berger Paints reported a 28.51% jump in Q1FY27 net profit to Rs 404.34 crore. Revenue rose 11.97% to Rs 3,583.75 crore. The company said decorative and automotive segments led growth. However, the West Asia conflict pushed up raw material costs. Management now flags crude and forex risks as key concerns ahead.
The Reserve Bank of India on Wednesday kept the benchmark repo rate unchanged at 5.25%. Industry experts said stable interest rates would support housing demand and improve buyer confidence. Lata Pillai said, "The certainty around lending rates is expected to keep both developers and homebuyers relatively unfazed," helping the market.