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The Reserve Bank of India will soon release a list of upper-layer NBFCs. Governor Sanjay Malhotra said, "It is now principle-based. So as per those principles, everyone knows what is the list." Companies in this layer must list their shares. The central bank has not published this list since January 2025.
The Society of Indian Automobile Manufacturers withdrew a letter sent to the Ministry of Petroleum and Natural Gas regarding E20 fuel quality. SIAM said, "Some numbers quoted in the communication need authentication through collection of elaborate data." The body now says these technical findings need further validation before any action.
The RBI kept the repo rate unchanged at 5.25% on Wednesday for the fourth consecutive review. Adhil Shetty said, "Borrowers expecting an immediate reduction in EMIs may have to wait a little longer." The central bank raised its FY27 growth forecast to 6.7% but warned that global price pressures remain.
HDFC Bank chairman Rajiv Kumar said on Wednesday there are no governance concerns at the systemic level. He promised strict action against unethical practices at the bank’s 32nd annual general meeting. Kumar added, "The bank has demonstrated that it has control systems/guard rails in place to identify deviations, if any."
SpaceX reported a 92% revenue surge to $7.8 billion for the April–June quarter. Despite this growth, the stock fell 7% in after-hours trading as capital expenditure rose to $18 billion. Musk said, "We are building AI compute capacity at scale faster than anyone else," as investors worried about future costs.
Twelve Nifty50 stocks are trading 20–35% below their 52-week highs amid market volatility. HDFC Life Insurance Company fell 34% from its peak of Rs 815. Meanwhile, Infosys, Tata Consultancy Services, and HCL Technologies also saw big drops from their February 2026 highs. Many investors now worry as blue-chip stocks got cheaper.
South Korea’s stock market triggered circuit breakers four times in July after leveraged ETFs amplified losses. While India does not allow these specific funds, investors use the margin trading facility to borrow money for stocks. Many brokers offer two to four times leverage, which creates risks during sudden market falls.
Shares of Whirlpool of India fell nearly 5% on Wednesday, August 5, after the company reported a weak operating performance for the June quarter. Profit dropped 29.4% to ₹103 crore as margins narrowed to 5%. Higher raw material costs pushed expenses up, though revenue grew 12% to ₹2,727 crore during this period.
European stocks climbed on Wednesday as U.S.-Iran diplomatic talks lifted investor sentiment. The STOXX 600 index rose 0.4% to 659.29. Mining companies led the rally, while Sandoz and Siemens Energy gained on strong earnings. However, Novo Nordisk shares fell after drug trial setbacks, showing how corporate results still drive market moves.
UK stocks rose after the S&P Global Services PMI climbed to 52.1 in July. This growth ended a four-month contraction as domestic demand improved and cost pressures eased. While business optimism grew, the labour market remained weak. European markets also got a boost as investors assessed these new economic indicators.
The Reserve Bank of India will test polymer banknotes starting next fiscal year. RBI Governor Sanjay Malhotra said, "Polymer notes enhance the life and durability of banknotes." The bank will launch Rs 10 and Rs 20 notes to check how they perform in Indian weather. These notes should last much longer.
Shares of Osiajee Texfab Ltd. jumped nearly 10 per cent on Wednesday after the company said its board will consider a 1:10 stock split on August 13, 2026. The board will also approve financial results for the quarter ended June 30, 2026. Many investors hope this move improves trading liquidity.