This news roundup from August 4, 2025, covers a wide range of topics, from the RBI’s economic decisions to celebrity-led business ventures.
Economy and Markets
The RBI Monetary Policy Committee has begun its August meeting, with market watchers anticipating a potential rate cut. While inflation has moderated, global uncertainty is causing a split in opinion among analysts.
On the investment front, Motilal Oswal Financial Services has increased its midcap exposure to 22% in its model portfolio, citing strong earnings in the sector. However, the firm is maintaining a 70% large-cap allocation due to market volatility.
In a significant legal development, the Enforcement Directorate (ED) has arrested Viresh Joshi, the former chief trader at Axis Mutual Fund, in connection with a ₹200 crore “front-running” scam. Joshi is in ED custody until August 8.
India’s energy strategy is also in focus. There’s a warning that global crude oil prices could rise if India reduces its imports of Russian oil due to geopolitical pressure. Simultaneously, India is set to dramatically increase its crude imports from the U.S. in the current fiscal year (FY26), with U.S. oil now accounting for 8% of the nation’s crude basket.
Meanwhile, Indian pharma stocks have experienced a downturn following President Donald Trump’s calls for drug price cuts. Analysts, however, suggest the impact on Indian generics may be minimal. For salaried professionals, experts are recommending a review of salary structures and tax-saving schemes to increase take-home pay.
Pop Culture and Other News
In a major win for the film industry, Shah Rukh Khan has received his first National Award. This recognition is being celebrated as a significant cultural milestone, highlighting his decades-long impact on Indian cinema.
Actress Rashmika Mandanna is venturing into the premium fragrance market with her new brand, “Dear Diary.” The brand aims to offer a relatable and authentic scent experience to Indian consumers.
On the technology front, Apple’s AI efforts are under scrutiny. The company is reportedly falling behind competitors like Google and Meta, facing issues such as a delayed Siri revamp and the departure of key researchers.
Finally, in political news, Shibu Soren, the veteran tribal leader and former Chief Minister of Jharkhand, has passed away at the age of 81. He was a founding member of the Jharkhand Mukti Morcha and a key figure in the state’s creation.