*Financial News*
Source: Leading Newspapers
Compiled by *RUDRA SHARES*
Vande Mataram
*Tuesday, 07 July 2026*

*Banking & Financial Services*
• PhonePe Insurance CEO exits as fintech merges insurance business with payments.
• Private banks wrote off nearly half of their NPAs in FY26, outpacing public sector banks.
• Kotak AMC and its executives seek settlement in the Essel Group debt dispute.
• Tata Capital plans a $300 million overseas bond issue.
• Foreign investors make a strong comeback to Indian markets.
• FIIs turned net buyers with an inflow of ₹243 crore, while DIIs purchased shares worth ₹3,791 crore on July 6.

*Capital Markets*
• Government to sell a 5% stake in Cochin Shipyard at ₹1,400 per share through OFS.
• Reliance Industries receives SEBI warning over insider trading compliance.
• Morgan Stanley says India's IPO boom still has room to grow, with no near-term liquidity concerns.
• IPOs, QIPs and OFS transactions push equity fundraising beyond ₹1 lakh crore.
• Market rally lifts the valuation of BSE-listed companies to a record ₹482 lakh crore.

*IPO*
• Neuberg plans to launch its IPO in FY28 and aims to raise up to ₹4,000 crore.
• Manipal Health moves closer to its ₹10,000 crore IPO after receiving SEBI approval.
• IC Electricals Company subscribed 62 times on Day 2, driven by strong NII and retail demand.

*Automobile*
• TVS Apache crosses 7 million customers and celebrates the milestone with a new campaign.
• Bharat Petroleum to expand its retail offerings and EV charging network.
• Auto companies may soon be allowed to trade BEE credits to simplify fuel-efficiency compliance.
• Government likely to slow the rollout of E25 petrol following concerns over the E20 transition.
• Ola Electric faces insolvency petitions from two suppliers over pending dues.

*Power & Energy*
• Megha Engineering completes concrete pouring for the 700 MW PHWR project at Kaiga.
• Powergrid secures an 80 billion yen green loan from JBIC for its HVDC project.
• MCX revises delivery norms and expands the domestic refiner pool.
• Chinese firms' exemption poses limited risk to Indian power equipment manufacturers, says Nomura.

*Infrastructure & Defence*
• BEML increases R&D spending by 150% to accelerate indigenous innovation.

*Real Estate*
• Oberoi Realty records bookings worth ₹8,109 crore for its first NCR project.

*FMCG & Consumer*
• Cooktops witness strong demand as the West Asia conflict changes household consumption patterns.

*Healthcare & Pharmaceuticals*
• Nestlé Business Services selects Hyderabad for its first India GCC operations.
• Drug regulator seeks stakeholder feedback to prevent approval of similar-sounding medicine brands.

*Technology & IT*
• Indian IT services sector emerges as an AI "dark horse", according to Morgan Stanley.

*Economy & Trade*
• India can emerge as a "connector economy", says Anand Mahindra.
• India and the European Union aim to complete legal scrubbing of the FTA within 15–20 days, says Piyush Goyal.
• Government relaxes verification norms for high-capacity weighing instruments.

*Politics & Government*
• AAP stages protest outside LNJP Hospital alleging a ₹650 crore health scam.
• Congress alleges the Modi government has severely damaged India's education system.
• TMC rejects the rebel faction's claim before the Election Commission, calling it fraudulent.
• NDA seeks fresh voter enumeration under SIR, while the Chief Minister rejects allegations of malpractice.
• No state has complained of interference by the Co-operation Minister, says Amit Shah.
• Bhupender Yadav's private secretary and two aides transferred in the latest reshuffle.

*Commodities*
• Silver stood at ₹2,33,150 (spot) on July 6
• Gold stood at ₹1,44,963 (spot) on July 6

*Jai Hind*
*Rudra Hai to Mudra Hai*
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