*Financial News*
Source: Leading Newspapers
*Compiled by RUDRA SHARES*
Vande Mataram
*Saturday, 04 July 2026*

*Automobile*
• Apps blocked over EV shutdowns, focus turns on auto cybersecurity.
• UDAN flights discontinued on 50% of routes launched so far.

*Banking & Financial Services*
• India's forex reserves fall $5.65 billion to $666.93 billion in the week ended June 26.
• HUDCO to provide up to $10.50 billion loan for Bihar infrastructure projects.
• Manappuram Finance says Deepak Reddy has tendered his resignation as CEO.
• IndusInd Bank Q1 update shows deposit growth, but advances fall year-on-year.
• 9 former Axis Bank executives take top leadership roles across the financial sector.

*Capital Markets*
• FIIs were net buyers of ₹1,355 crore, while DIIs were net sellers of ₹1,954 crore on July 3.
• Sebi changes rules on unpaid client securities for brokers.
• SEBI revamps unpaid securities framework with auto-pledge and auto-release mechanism.

*IPO*
• Knack Packaging IPO subscribed 83 times at close.
• Temasek-backed Manipal Health receives Sebi approval for IPO.
• Moneyview and Chandan Steel receive SEBI approval for IPOs; Shivganga Drillers withdraws draft papers.
• Automotive parts maker Happy Steels targets ₹25 crore via IPO; issue opens July 9.
• Electronic products maker IC Electricals Company IPO fully subscribed on Day 1; GMP jumps over 40%.

*Corporate*
• ACME and Mitsubishi sign a $1 billion supply pact for Odisha green methanol unit.
• HCLTech wins a $1.14 billion deal from a Fortune Global 50 European client.
• Rising discretionary spending and formalisation remain key growth drivers for Titan.
• Apollo Cancer Centres launches Guardant Health's Shield MCD test in India.
• BLS E-Services acquires Atyati Technologies for ₹157 crore in an all-cash deal.
• Tata Power Renewable commissions a 100.8 MW wind project in Maharashtra.
• Vedanta Metal Bazaar processes $5 billion in FY26 sales, boosting MSME procurement.
• Fortis signs an O&M agreement for a 300-bed hospital, entering the Odisha market.
• As food inflation bites, Nestlé turns to smaller cities to drive growth.
• OMCs lost ₹18.9 per litre on diesel and ₹6 per litre on petrol in Q1.
• LME approves Adani's copper smelter as a listed brand.
• Indian Hume Pipe shares gain after bagging a ₹738.61 crore Rajasthan water supply project.

*Economy*
• Prices rise, but low loan rates keep homes affordable.
• India aims for $1 trillion in exports this fiscal year, says Piyush Goyal.
• Operationalising GST refunds for foreign tourists to promote retail exports: FIEO.
• India extends anti-dumping duty on butyl alcohol imports from the US, Malaysia and South Africa.
• India's middle class to drive 93% of consumer spending by 2036: FM Nirmala Sitharaman.

*Politics*
• Rahul Gandhi slams the Centre over Manipur violence and houses torched in tribal villages.
• TMC rift deepens as rebel faction locks Kolkata party office and stakes claim over symbol and funds.
• Opposition tells CJI it is not questioning the judiciary.
• BJP Chief Nitin Nabin begins a two-day visit to Uttar Pradesh from July 4.
• Calcutta High Court seeks affidavits from Mamata Banerjee and Abhishek Banerjee in a contempt case.
• Government working to reset the state's political culture: CM Suvendu Adhikari.
• DMK MLA arrested over remarks on the Tamil Nadu Chief Minister.

*Commodities*
• Gold stood at ₹1,45,764 (spot) on July 3
• Silver stood at ₹2,33,669 (spot) on July 3
• Gold heads for its first weekly gain since May on easing Fed outlook.

*Jai Hind*
*Rudra Hai to Mudra Hai*
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