*Financial News*
Source: Leading Newspapers
*Compiled by RUDRA SHARES*
Vande Mataram
*Friday, 03 July 2026*

*Automobile*
• Maruti Suzuki's Kharkhoda facility inaugurated by PM Modi and Japanese PM Sanae Takaichi.
• MEIL's passenger car foray enters final lap; EV joint venture to be announced soon.
• Robust overseas performance helps TVS emerge as India's top two-wheeler company.
• SBI Report says ₹1 lakh crore in crude imports will be saved by 2030 as 35 lakh EVs replace petrol vehicles.
• Airlines shun ₹10,000-crore ATF subsidy as jet fuel prices fall.

*Banking & Financial Services*
• Bank of Baroda to pay $600 million to settle NMC Health litigation.
• IIFL Finance raises $300 million through dollar bonds.
• ICRA downgrades Utkarsh Small Finance Bank's debt ratings.
• Proprietary traders feel the squeeze under RBI's new rules.
• India's private credit market is primed for sustained growth.

*Commodities*
• Cheaper oil and RBI support fail to lift the rupee amid strong dollar demand.
• Oil plunge and stable macro fundamentals set the stage for India's rise: Kondawar.
• Crude inventory hits a one-year high on stronger imports.
• Gold stood at ₹1,42,464 (spot) on July 2
• Silver stood at ₹2,28,597 (spot) on July 2

*Corporate*
• BPCL acquires Videocon's Brazil oil and gas stake, taking full ownership of the joint venture.
• Marico expects double-digit consolidated revenue growth in Q1.
• Flipkart appoints former Tata Digital CTO Vaidya to lead supply-chain technology.
• Tata Steel expects €500 million EBITDA from Dutch operations in FY27.
• Adani-IHC foray may reshape India's aluminium market.
• Astral's demerger plan triggers sharp selloff; brokerages trim target prices.
• FMCG companies benefit from the heatwave with strong seasonal demand.
• Coal gasification pilot yet to take off despite ₹6,233 crore in incentives.
• From OpenAI to Sarvam, governments may seek equity participation in AI companies.

*Economy & Policy*
• Free Trade Agreements expected to provide a major boost to toy exports.
• Government fast-tracks disinvestment, achieving 31% of FY27 budget target in Q1.
• IBBI proposes tighter regulations for personal guarantors and valuation of insolvent firms.
• India's growing water deficit creates a ₹20 lakh crore opportunity for infrastructure companies: Report.

*Politics*
• Ram Nivas temple head accuses Champat Rai of attempting to grab shrine land; Akhilesh Yadav seeks probe.
• BJP accuses Priyanka Gandhi and her husband of attempting to grab land in Uttarakhand.
• Maharashtra Legislative Council Deputy Chairman Sachin Ahir says, "Let me play my innings first."
• West Bengal Cabinet clears panel to examine the Uniform Civil Code (UCC) Bill.
• Kerala CM says Vizhinjam stake sale was done without state permission; conveys displeasure to Adani Ports.
• Congress hints at equal seat-sharing with Samajwadi Party in the 2027 Uttar Pradesh Assembly elections.
• Calcutta High Court seeks bank details in the TMC account freeze case.
• Election Commission begins hearing in the TMC split and seeks replies from both factions.
• AIADMK faces another setback as senior leaders join TVK.

*Jai Hind*
*Rudra Hai to Mudra Hai*
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