Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as an Executive Director at the International Monetary Fund (IMF), marking a significant development for India’s representation in the multilateral financial institution. Patel, an accomplished economist with extensive experience in monetary policy, fiscal management, and institutional reforms, is expected to play a pivotal role in shaping policy discussions at the global level.

According to the latest report by the National Housing Bank (NHB), residential property prices have witnessed an upward trend across most Indian cities, reflecting a combination of sustained demand, limited inventory, and easing credit conditions. Tier-1 and Tier-2 cities experienced the sharpest increases, while smaller towns saw moderate growth. Analysts attribute the rise to factors such as improved consumer confidence, declining mortgage rates, and continued investment interest from both end-users and institutional buyers.

Garden Reach Shipbuilders & Engineers (GRSE), one of India’s leading defense public sector undertakings, is eyeing a Rs. 25,000-crore contract from the Indian Navy for the construction of next-generation corvettes. The order, if finalized, will be a major boost to the company’s order book and reinforce its role in advancing India’s naval modernization agenda. With a legacy of delivering complex warships, GRSE is leveraging its technical expertise, upgraded infrastructure, and focus on indigenous manufacturing to strengthen its shipbuilding capabilities.

Mahindra’s flagship SUV, the XUV700, is set for a facelift, with recent sightings offering fresh insights into the upcoming model. The redesigned vehicle, spied during road testing, showcases exterior refinements, new detailing, and feature upgrades aimed at enhancing its premium appeal. The XUV700, which has been one of the brand’s bestsellers since its launch, will undergo subtle yet significant changes to maintain its stronghold in the highly competitive mid-size SUV market.

Samsung Electronics is set to showcase a new range of energy-efficient built-in appliances at IFA 2025 in Berlin, underscoring its commitment to sustainability, innovation, and premium home solutions. With consumers worldwide seeking ways to reduce energy use and environmental impact, the company is leveraging advanced technologies to create products that combine performance, connectivity, and eco-conscious design.

The government recently held an inter-ministerial meeting to explore strategies for boosting India’s steel production and expanding export volumes. The deliberations focused on addressing supply-side bottlenecks, aligning with global demand trends, and ensuring the domestic steel industry remains competitive in an increasingly challenging trade environment. With India already the world’s second-largest steel producer, policymakers are keen to leverage its production capacity, raw material availability, and growing technological sophistication to strengthen export potential.

Maruti Suzuki Chairman R.C. Bhargava has emphasized the need for India to present a united front in addressing the challenges posed by rising U.S. tariffs on Indian goods. Speaking on the broader implications of protectionist trade policies, he underscored that fragmented or sector-specific responses may weaken India’s bargaining power in global negotiations. Bhargava argued that an integrated national approach is essential not only to safeguard exporters but also to sustain long-term industrial competitiveness.

Arohan Financial Services, one of India’s leading microfinance institutions, has projected a 20 percent growth in its loan book for the upcoming financial year. The company attributes this optimism to rising credit demand in underserved regions, a stronger rural economy, and steady repayment trends. With a diversified borrower base and focus on financial inclusion, Arohan is positioning itself to capitalize on the expanding appetite for microcredit.

The Adani Group has reported a landmark achievement with its consolidated earnings before interest, tax, depreciation, and amortization (EBITDA) crossing Rs. 90,000 crore for the first time. The milestone underscores the conglomerate’s diversified growth strategy, spanning energy, infrastructure, logistics, and airports, even amid global economic uncertainties. Strong cash flows, disciplined capital management, and robust performance across its portfolio companies have positioned the group as one of India’s most powerful business empires.

The Indian rupee depreciated against the U.S. dollar on Thursday, pressured by sustained demand for the greenback, rising U.S. Treasury yields, and elevated crude oil prices. The local currency, which opened weaker, slipped further during intraday trade as foreign outflows and global risk aversion weighed on sentiment. While strong domestic macroeconomic indicators offered some cushion, traders expect the rupee to remain volatile in the near term as global uncertainties and dollar strength continue to dominate market dynamics.

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