Domestic growth vs Fed rate hikes: What can influence RBI's monetary policy tomorrow, & more

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ECONOMY   Domestic growth vs Fed rate hikes: What can influence RBI's monetary policy tomorrow?   The MPC, which is expected to announce the monetary policy tomorrow, is expected to vote for a 35 to 50 basis point hike in policy rates.

INFRASTRUCTURE   Adani Group to buy Macquarie Asia's four toll stretches for Rs 3,110 crore   The deal, subject to regulatory and lenders' approval, is expected to close in September 2022, Adani said in a notification.

INDUSTRY   Spectrum allocation by Aug 10, expect to roll-out 5G by October: Vaishnaw   Rationalising the expense of 5G and the price of tariff, Telecom Minister Ashwini Vaishnaw explained that India is the second largest manufacturers of mobile phones in the world and close to 25-30 per cent of these are already 5G-enabled.

INDUSTRY   Bids for IDBI Bank by month-end likely   A crucial meeting of an inter-ministerial group on disinvestment is scheduled to be held on August 8 to review progress in the planned divestment of IDBI Bank, top finance ministry sources have told Business Today Television.

JOBS   This city saw highest hiring activity in July: No, it's not Delhi or Mumbai   The Naukri JobSpeak Index peaked at 3170 in July, surpassing its previous high of 3074, which was recorded this February.

CORPORATE   Zomato clarifies after SEBI pulls company up; says restructuring news was internal communication   The company stated that the news report quoted an internal communique that was not shared by Zomato with the media house. It was merely to communicate the vision for leadership structure.

MARKETS   Sensex, Nifty halt six-day winning run; banking stocks top losers   Sensex ended 51.73 points lower at 58,298.80 and Nifty fell 6.15 points to 17,382.

MARKETS   Adani Power shares zoom 400% from 52-week low: How long will the rally last?   Adani Power stock, which hit a 52-week low of Rs 69.95 on August 24, 2021, touched a 52-week high of Rs 354 on August 4, 2022, translating into a gain of 406 per cent during the period.

MAGAZINE   Why Hero Vired's Akshay Munjal is passionate about clay sculptures   Edtech firm Hero Vired's Founder Akshay Munjal is passionate about creating sculptures out of clay.

NEWS REEL   Bollywood actor opens up about financial planning   Kubbra Sait's 'Open Book: Not Quite A Memoir' by HarperCollins, is an autobiographical account of the actor. In an interaction with Business Today TV, Sait shares her thoughts on savings, including maintaining a separate fund to save money. Her advice to millennials is to invest money either in SIPs or a dedicated savings fund.

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