Kalyan Jewellers posted a 49% YoY jump in Q1FY26 net profit to Rs 264 crore, driven by strong domestic and international growth. Revenue rose 31% YoY to Rs 7,268 crore, with upbeat outlook for the festive season.
President Trump has implemented higher import taxes on numerous countries, sparking concerns about potential economic damage to the U.S. economy. Despite the uncertainty and signs of economic strain, the White House anticipates that these tariffs will stimulate investment and revitalise American manufacturing. However, economists warn of a gradual erosion of economic growth.
Gold prices surged to a record Rs 1,02,155 per 10g on August 7 amid growing investor interest. Weak U.S. data, policy uncertainty, and tariff fears are fueling the rally, with analysts projecting 45% more upside.
Zerodha CEO Nithin Kamath criticized the high Securities Transaction Tax (STT), noting it's higher than brokerage income and discourages trading in cash and futures. He said reducing STT and increasing intraday leverage could boost volumes. Kamath linked STT changes to a surge in options trading and called for balanced reforms.
