GST rate cuts on cement and construction materials are expected to lower developers’ input costs by 2-4%, potentially boosting housing demand, especially in the affordable and mid-market segments. This, coupled with the festive season’s increased inquiries and stable interest rates, creates favorable conditions for new project launches and improved affordability. Developers aim to pass on cost benefits to homebuyers gradually.Read More
Nikkei in Japan surpasses 44,000 for the first time. Trade optimism and stimulus hopes boosted market sentiment. U.S. tariffs on Japanese autos are set to decrease. Shigeru Ishiba resigned and Sanae Takaichi is running for leadership. Semiconductor shares saw a rally. Advantest and other chip-related companies experienced significant gains. Sony also showed positive movement in the market.Read More
Anticipation of a U.S. Federal Reserve rate cut is expected to ease Indian government bond yields and offer slight support to the rupee, which has been pressured by U.S. tariff concerns. The rupee previously hit a record low, while the 10-year benchmark bond yield experienced its largest weekly drop in four months. Upcoming inflation data from both the U.S.Read More
SML Isuzu may be in focus on September 9 after reporting a 15% drop in August sales to 815 units and exports halving to 27, even as production rose 7% to 1,045 units. The update comes as the commercial vehicle maker prepares to rebrand as SML Mahindra, pending shareholder and regulatory approvals.Read More
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