_Markets open today —
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📊 *ECONOMY & POLICY*
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🏦 *RBI MPC meeting begins; decision due Aug 5*
The three-day Monetary Policy Committee meeting started Monday, with Governor Sanjay Malhotra to announce the outcome Wednesday at 10am.
Consensus expects a fourth straight hold at 5.25%, so don’t expect a near-term rate-driven rally — watch the tone on inflation instead.
📎 _Read: Business Standard_
⚡ *India’s power capacity to hit 874 GW by 2031-32*
The government told the Rajya Sabha installed capacity (548,858 MW as of June) is on track to reach 874 GW, with non-fossil sources already at 54%.
This is a long-run positive for power, grid-equipment and storage names as capex visibility extends to FY32.
📎 _Read: ANI (via aninews.in)_
📉 *Manufacturing PMI slips to near 5-year low*
HSBC’s India Manufacturing PMI eased to 53.5 in July from 54.2 in June — still expansionary, but the weakest pace since August 2021, with hiring and new-order growth both slowing.
A soft data point to watch heading into RBI’s Wednesday decision; margins held up as firms passed on costs even as volume growth cooled.
📎 _Read: Business Standard_
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🌍 *GLOBAL & WORLD*
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💻 *Telegram vanishes from Apple’s App Store worldwide*
The messaging app, with 1bn+ monthly users, disappeared from all App Store storefronts early Tuesday with no explanation from Apple; existing installs still work but new downloads are blocked.
No listed Indian company is directly exposed, but it’s a reminder of platform-risk for any consumer app reliant on App Store distribution — watch for read-through to India-linked fintech/social apps that lean on Telegram channels.
📎 _Read: Al Jazeera-linked wire (RT.com)_
https://www.rt.com/news/643821-telegram-removed-app-store
💻 *Alibaba unveils Qwen3.8-Max, closing gap with Anthropic*
Alibaba’s new 2.4-trillion-parameter model outperforms Moonshot’s Kimi K3 on several benchmarks and is priced aggressively against Claude Opus 5, with open weights due next week.
Intensifying China-US AI competition and price wars are a watch item for Indian IT services and GCCs that consume frontier-model APIs — cheaper Chinese alternatives could pressure margins on AI-linked contracts.
📎 _Read: Bloomberg_
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_Compiled by InvestoScope · 04 Aug 2026_