*Financial News*
Source: Leading Newspapers
*Compiled by RUDRA SHARES*
Vande Mataram
*Wednesday, 01 July 2026*

*Banking & Financial Services*
• RBI said banks have adequate shock absorbers to withstand potential financial stress.
• Axis Mutual Fund launched a digital working capital solution for corporates and MSMEs.
• FIIs were net sellers of ₹2,557 crore, while DIIs were net buyers of ₹6,842 crore on June 30.

*Corporate & Business*
• Godrej Properties acquired a 47-acre land parcel off OMR in South Chennai.
• Coal India will invest ₹1,900 crore in R&D by FY30 to drive innovation.
• Nestlé will remove artificial food colourings from all its products by the end of 2026.
• Kwality Wall’s India will pay zero royalty on the Magnum brand until the end of FY27.
• PepsiCo India inaugurated a ₹1,266 crore flavour manufacturing facility in Ujjain.
• Tata Motors is accelerating EV capacity expansion, with the Sierra launch adding supply pressure.
• HUL Chairman Nitin Paranjpe said war-driven input cost increases impacted Q1 performance.
• The Dixon–Vivo joint venture is close to receiving final government approval.
• The Ministry of Tourism and Google signed an MoU to promote India’s tourist destinations through digital technology.
• KKR is in talks to invest $400 million in JSW MG Motor India.
• The auto sector has entered a margin recovery phase as input costs continue to ease, according to a Kotak report.
• India’s flex-fuel ambitions may yield limited additional benefits as EV adoption gathers pace, according to Bernstein.

*Energy, Oil & Infrastructure*
• Trials of E25 petrol blending have commenced, with the study report expected by the end of next year.
• The Centre informed the Supreme Court that E20 blending is under trial, while the court ordered status quo on ethanol quotas.
• The government increased the windfall tax on petrol while reducing the levy on diesel and ATF exports.
• Transformers and Rectifiers secured an order worth ₹1,000 crore.
• Kalpataru Projects International won new orders worth ₹2,957 crore.

*IPO & Capital Markets*
• Aastha Spintex IPO was fully subscribed on Day 2, led by strong demand from NIIs.
• Mann Fleet Partners filed IPO papers and plans to use the proceeds to repay debt.
• Stalwart filed IPO papers with a fresh issue of ₹150 crore.
• Pristine Logistics confidentially filed IPO papers with SEBI.
• Knack Packaging raised ₹131.2 crore from 11 anchor investors ahead of its IPO.
• Advit Jewels is set to list today after receiving 212.63x subscription.

*Economy & Policy*
• The government approved a proposal to amend the Khadi and Village Industries Commission (KVIC) Act.
• The India Meteorological Department forecast below-normal rainfall in July, raising concerns over kharif sowing.
• Commercial LPG cylinder prices were reduced by ₹183.50 from July 1, marking the first cut in 2026.

*Politics & General*
• Uttar Pradesh Chief Minister said the Samajwadi Party misused the Rampuri knife to grab land, while the BJP turned it into a symbol of security and development.
• Karnataka will issue residence certificates as the Election Commission begins the Special Intensive Revision (SIR) of electoral rolls.
• Congress demanded the arrest of Ram Temple trustees.
• Sachin Ahir joined Shiv Sena, reshaping the political dynamics in Worli.
• Twenty-three Opposition parties submitted a joint memorandum to Chief Justice Surya Kant regarding the SIR and the Election Commission.
• The High Court refused relief to Abhishek Banerjee in the voice sample case.

*Commodities*
• Spot silver stood at ₹2,25,125 per kg on June 30
• Spot gold stood at ₹1,40,864 per 10 grams on June 30
• Crude oil prices edged higher after Iran’s refusal to meet US envoys weakened ceasefire hopes.
• Gold is headed for its worst quarterly decline in 13 years due to the US Federal Reserve’s hawkish stance.

*Jai Hind*
*Rudra Hai to Mudra Hai*
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