*Financial News*
Source: Leading Newspapers
Compiled by *RUDRA SHARES*
Vande Mataram
*Wednesday, 08 July 2026*

*Renewable Energy*
• Premier Energies secures ₹3,011 crore solar cell and module orders in Q1 FY27.
• Air-cooled condenser manufacturers urge the government to review Chinese firms' entry into thermal power contracts.
• Economic Advisory Council to the Prime Minister calls for rapid scale-up of grid-scale battery storage.
• Tata Power plans to enter the nuclear power sector, says Chairman N. Chandrasekaran.

*Industry*
• Uno Minda in focus after the board approves a ₹320 crore greenfield seating systems plant.
• Inspira Global completes acquisition of Burger King India operator RBA.
• Swiggy's domestic ownership crosses 50%, becoming an Indian-owned entity.
• Consumer loans hit a record in Q1 amid a sharp rise in electronic goods prices.
• Sugar prices rise 6–7% over June amid below-normal rainfall.
• SBI joins global banks to fund Sun Pharma's $11.75 billion acquisition of Organon.
• City gas companies say the government's target of 1 lakh PNG connections per day is not commercially viable.

 *Technology & Internet* 
• CCI approves upGrad's acquisition of Unacademy after months of review.
• Smartphone PLI scheme exceeds targets as value addition quadruples, industry informs the government.
• China's cooling technology push faces strong competition from India's manufacturing sector.

*Automobile*
• SIAM urges the government to increase import duty on commercial tractors and prime movers to 40%.
• Mercedes urges the government not to accelerate ethanol blending too quickly.

*Banking & Financial Services*
• RBI approves the re-appointment of N.S. Vishwanathan as Axis Bank's Non-Executive Chairman.
• RBI's SMS notification order may reduce banks' income by around ₹300 crore.
• NBFC credit grows 14% in May, led by retail and agriculture loans.

*Capital Markets*
• Cochin Shipyard OFS receives 3.5 times subscription; government exercises greenshoe option.
• Cost pressures expected to keep Q1 profit growth muted for Nifty 50 companies.
• NFRA is examining Rajesh Exports; Chairperson Nitin Gupta says timelines cannot be shared.
• Quant Mutual Fund says the era of easy money is ending, with mid- and small-cap stocks expected to drive alpha.
• SEBI allows depositories to use up to 5% of IPF investment income for administrative expenses.
• FIIs were net buyers of ₹393 crore, while DIIs were net sellers of ₹383 crore on July 7.
• Demat account openings hit a four-month high in June as the market rally revives retail participation.

*IPO*
• IC Electricals IPO witnesses massive 390x subscription, attracting bids worth ₹13,432 crore against an issue size of ₹181 crore.
• Kusumgar raises ₹193.9 crore from anchor investors ahead of its ₹650 crore IPO.
• Several companies line up for pre-IPO placements ahead of public issues.
• NSE IPO likely to receive SEBI approval next month; public issue may open in September, say sources.
• State-owned fertiliser company RCF plans to raise ₹1,500 crore through an FPO.
• Real estate firm K Raheja delays its $700 million IPO plan by at least a year.

*Economy*
• Government extends additional investment choices under NPS to autonomous bodies.
• Weak monsoon may no longer significantly impact India's rural economy, says Bernstein.

*Politics*
• SP and Congress are attacking Sanatan faith while remaining silent on Waqf issues, says Adityanath.
• Political leaders meet the Baruipur victim's family and assure support in the fight for justice.
• Singing of the national song and national anthem made compulsory in all schools in Tripura, says CM Manik Saha.
• Maharashtra Congress leader's remarks spark speculation over NCP-SP's future plans.
• Bhupender Yadav's fourth aide transferred.
• BJP deploys Nabin and other senior leaders to retain the Bankipur seat.

*Commodities*
• Silver stood at ₹2,27,882 (spot) on July 7
• Gold stood at ₹1,43,570 (spot) on July 7

Jai Hind
*Rudra Hai to Mudra Hai*
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