*Financial News*
Source: Leading Newspapers
Compiled by *Rudra Shares*
Vande Mataram
*Thursday, 02 July 2026*

*Automobile*
• Renault India total sales rose 55% to 4,063 units in June.
• Nissan India June wholesales increased 16%, while domestic sales more than doubled.
• Kia India sales grew 19% to 24,552 units in June.
• Royal Enfield sales rose 27% to 1,14,032 motorcycles in June.
• Honda Motorcycle & Scooter India (HMSI) posted a 23% increase in sales to 5,28,281 units in June.
• Tata Motors Passenger Vehicles recorded a 69% jump in June sales, with EV volumes more than doubling.
• Volvo Eicher Commercial Vehicles sales increased 29.3% to 9,519 units in June.
• Toyota Kirloskar Motor's June sales rose 7% on stronger domestic demand.
• JSW MG Motor reported record June sales, with EVs contributing over 75% of total volumes.
• Hero MotoCorp plans a ₹3,200 crore expansion in Andhra Pradesh and aims to develop Tirupati as an EV hub.
• Maruti Suzuki India reported a 19.3% increase in sales to 2,00,390 units in June.
• Electric vehicle sales continue to accelerate, supported by higher fuel prices and improved charging infrastructure.
• Delhi's EV policy is emerging as a benchmark for India's automobile transition.

*Pharmaceuticals & Healthcare*
• Mankind Pharma partnered with Denovo Sciences for AI-led drug discovery.
• Dr. Reddy's Laboratories Chairman Satish Reddy said generic medicines should not be compromised by data protection rules.

*FMCG & Consumer*
• ITC entered the cola segment to strengthen its beverages portfolio.

*Real Estate & Infrastructure*
• M3M Group will invest ₹10,000 crore in construction and land acquisition during FY27.
• Adani Group and IHC plan to establish a $11.5 billion aluminium manufacturing project.

*Manufacturing & Economy*
• India's manufacturing PMI fell to a three-month low due to weaker export and business orders.
• India's growth momentum remained strong as GST collections and automobile sales improved despite global challenges.
• RBI Governor Sanjay Malhotra said India is unlikely to raise its inflation target and expects strong economic growth.
• GST collections reached ₹1.95 lakh crore, registering the fastest growth in 13 months.

*Technology & Digital*
• Reliance Power shares surged after the company announced plans to enter AI and allied new-age technologies.

*Banking & Finance*
• Former Motilal Oswal AMC CIO Niket Shah resigned after a 14-year stint and plans to launch a new asset management venture.
• Jio BlackRock plans to launch two outbound funds from GIFT City within the next two months.
• RBI will take the final decision on the listing of Tata Sons.
• Retail investors invested ₹35,328 crore into equities during the June quarter, the highest since December 2024.

*Capital Markets*
• SEBI barred 221 entities for up to seven years in a pump-and-dump case and imposed a ₹10 crore penalty on Hanif Shekh.
• SEBI launched a helpdesk to assist applicants with the settlement process.
• Leading CIOs expect consumer, healthcare and export-oriented manufacturing sectors to deliver the next multibagger opportunities.
• (DIIs) bought shares worth ₹3,159 crore, while (FIIs) sold shares worth ₹1,140 crore on July 1.

 *Commodities* 
• Gold recorded its worst quarter since 2013.
• Gold spot price stood at ₹1,40,269 on July 1
• Silver spot price stood at ₹2,23,537 on July 1

*IPO*
• Advit Jewels shares listed at a 37% premium over the IPO price on NSE.
• ShareChat plans to launch a $400 million IPO next year.
• Waterways Leisure, operator of Cordelia Cruises, debuted at a 16% discount to its IPO price.
• Aastha Spintex IPO was subscribed 4.64 times on Day 3.
• Renfra Energy filed IPO papers with SEBI to raise ₹430 crore through a fresh issue.
• TMC Transformers filed draft IPO papers with SEBI for a ₹550 crore issue.
• Pragyawan Technologies plans to raise ₹400 crore through an IPO.
• Functional & Innovative Foods filed IPO papers to raise funds for expansion and loan repayment.
• GNI Infrastructure filed draft IPO papers with SEBI.
• Ratnadeep Retail filed its DRHP to raise ₹400 crore for store expansion.
• STT Global Data Centres India has begun preparations for a mega IPO worth $800 million to $1 billion, appointing Axis and Citi as bankers.

*Politics & Government*
• On Akhilesh Yadav's birthday, Samajwadi Party workers portrayed him as Lord Krishna, prompting the BJP to demand an apology.
• Mehbooba Mufti and Mirwaiz Umar Farooq renewed calls for India-Pakistan dialogue to resolve all issues, including Jammu & Kashmir.
• The Government is likely to introduce the PM-CMs Jail Bill during the upcoming Monsoon Session of Parliament.
• Ahead of the Uttar Pradesh elections, SP chief Akhilesh Yadav launched a QR code-based crowdfunding initiative.
• BJP criticised Telangana Chief Minister Revanth Reddy over his remarks on Union Minister Nitin Nabin.
• Karnataka Government's move to collect caste and income details under the Gruha Jyoti scheme triggered protests from the BJP.

*Global*
• Federal Reserve Governor Kevin Warsh reaffirmed the Fed's 2% inflation target but did not indicate the timing of the next policy move.

*Jai Hind*
*Rudra Hai to Mudra Hai*
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