*Financial News*

Source: Leading Newspapers

Compiled by *RUDRA SHARES*

Vande Mataram

*Saturday, 11 July 2026*

*Metals & Mining*

• Hindustan Copper appoints advisers for proposed Chile mine acquisition: CMD.

• India extends anti-dumping duty on seamless tubes and pipes till January 2027.

*Telecom & Technology*

• HFCL bags ₹495 crore optical fibre cable export order from a data centre company.

• Vivo to hive off manufacturing unit to its JV firm with Dixon Technologies.

• Trai pushes back on spam tag for 1600 and 140 numbers.

• Morgan Stanley sees pressure rising on chipmakers’ pricing power.

*Infrastructure & Engineering*

• Reliance Infrastructure arm cuts debt, may come out of insolvency

*Banking & Financial Services*

• Bank credit growth at a two-year high of 18.6% as debt market turns costlier.

• Kotak Mahindra Bank to pursue acquisitions alongside organic growth.

• Indian Bank drops capital raising plan on lower ECL hit.

• Forex reserves rise $7.3 billion as FCNR and ECB flows pick up.

*Automobile*

• Renault India joins hands with IIT Kanpur for vehicle R&D.

• Duty cuts expected to accelerate demand for UK luxury cars in India.

*Consumer & Retail*

• Companies roll back discounts to protect margins amid rising cost pressures.

• Stats Ministry plans to launch India’s first retail sales survey to plug consumption data gap.

*Government & Policy*

• GST law panel clears proposal to protect buyers' input tax credit from supplier defaults.

• India exempts GIFT City units from foreign vessel licensing.

• PM Modi begins New Zealand visit, with trade talks in focus.

• Oil Ministry defends E20 fuel rollout, citing sunk cost considerations.

*Politics*

• Calcutta HC orders Abhishek Banerjee to give voice sample on July 15 in intimidatory speech case.

• Delhi CM Rekha Gupta appoints three BJP MLAs as government spokespersons.

• Bihar Bankipur bypoll: BJP candidate Abhishek Kumar withdraws nomination a day after filing papers.

• RSS to discuss Ram Temple row, favours trust overhaul.

• J&K BJP Chief says NC's plan to protest over statehood is political drama.

• After Sanjay Raut targets Sharad Pawar, Supriya Sule takes a dig at Uddhav Thackeray.

*Capital Markets*

• Happy Steels IPO fully subscribed on Day 2; issue closes on July 13.

• Zetwerk IPO and three other public issues receive SEBI approval.

• Tata Asset Management announces leadership transition; Anand Vardarajan appointed CEO & MD.

• Millworks Tech SME IPO GMP crosses 100%, signalling a strong listing.

• SEBI allows mutual funds to use intraday borrowings for wider purposes from September 1.

• Mutual fund SIP inflows rise to a record ₹31,781 crore in June; stoppage ratio remains at 95%.

• NSE launches Nifty500 Ahimsa Index for values-based investing, paving the way for ethical ETFs.

• FIIs net bought shares worth ₹2,604 crore, while DIIs purchased ₹2,020 crore on July 10.

• Milky Mist is reportedly set to launch a $213 million India IPO this month.

• Gold ETFs witness a 570% surge in inflows in June.

• Silver ETFs snap four-month outflow streak with ₹4,286 crore inflows in June.

*Commodities*

• Gold discounts in India deepen as volatility hurts demand, while purchases in China remain steady.

• Silver stood at ₹2,20,540 (spot) on July 10

• Gold stood at ₹1,42,741 (spot) on July 10

*International*

• Trump says the ceasefire is over, adds the US will continue talks with Iran despite warning the truce has ended.

Jai Hind

*Rudra Hai to Mudra Hai*

For more details:

www.rudrashares.com/cef