The capex factor

Prime Minister Narendra Modi highlighted India’s rapidly advancing aviation sector. This growth creates significant employment for skilled workers in maintenance and overhauling. The nation is also achieving success in manufacturing Made-in-India aircraft. The SVAMITVA Scheme has benefited millions of families by unlocking property assets. These developments unlock financial opportunities for citizens to start new businesses.

HDFC Bank shares fell after the lender reported a 5% year-on-year rise in Q1FY27 standalone net profit to Rs 19,060 crore. Net interest income (NII) increased 7% YoY to Rs 33,534 crore, but the earnings failed to impress investors, triggering a sharp decline in the stock.

The Indian rupee (INR), like other EMEs, exhibited a depreciating bias in July owing to rising crude oil prices, driven by West Asia tensions, RBI noted in its August bulletin. A brief de-escalation of US-Iran tensions late in July led to a momentary appreciation of the INR. In August so far (till 20th), the INR…