_Markets open — regular session_
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📊 *ECONOMY & POLICY*
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🏦 *RBI holds repo rate at 5.25%, cuts inflation view*
MPC kept rates unchanged with a neutral stance, projected FY27 GDP growth at 6.7% and CPI inflation at 5%, and said it will restart UCB licensing.
A steady rate path plus a lower inflation print gives banks, autos and realty room to run — but Malhotra flagged hazy near-term visibility on global trade and oil.
📎 _Read: Business Standard_
📉 *India’s services PMI slips to 4-year low in July*
The HSBC/S&P Global Services PMI eased as softer demand, competition and postponed orders weighed, though it stayed in expansion territory and export orders held up.
A cooling services engine alongside a near-5-year-low manufacturing PMI adds to the case RBI made for staying neutral rather than turning hawkish.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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💰 *Air India names Tewolde Gebremariam as new CEO*
The Tata-owned carrier picked the Ethiopian Airlines veteran, credited with a multi-billion-dollar expansion and MRO-building at his previous airline, as its next MD & CEO.
A globally seasoned operator at the helm signals continuity in Air India’s turnaround push, relevant for Tata group investors tracking the airline’s path to profitability.
📎 _Read: The Hindu Business_
https://www.thehindu.com/business/Industry/tewolde-gebremariam-air-india-new-ceo/article71309586.ece
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🌍 *GLOBAL & WORLD*
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💻 *Google DeepMind shakes up its AI leadership*
Demis Hassabis is stepping down as DeepMind CEO to become chief scientist, while chief scientist Jeff Dean and other senior researchers are leaving to start a new venture; Alphabet shares fell 4-5%.
A leadership exodus at the heart of Google’s AI effort is a read-through for Indian IT majors and AI-linked plays that price off Big Tech’s AI execution.
📎 _Read: The Hindu Business_
📉 *China’s services growth slows to 10-month low*
Weak demand pulled China’s July services PMI down to its softest pace in ten months, per the latest Global Market wrap.
A cooling Chinese consumer economy is a watch-item for commodity, metals and export-linked Indian sectors that lean on Chinese demand and pricing.
📎 _Read: Economic Times_
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_Compiled by InvestoScope · 06 Aug 2026_