*Financial News* 
Source: Leading Newspapers
*Compiled by Rudra Shares* 
Vande Mataram
*Sunday, 02 August 2026* 

*Commodities*
• Silver (spot): Rs 217990
• Gold (spot): Rs 142295
• Petrol could cost Rs 125/litre without ethanol blending: Government

*Economy & Policy*
• India's gross GST collections rise 15.4% to Rs 2.11 lakh crore in July
• RBI's FCNR, forex schemes draw $40.81 billion in inflows so far
• India writing new chapters in AI, semiconductors and space, says PM Modi
• Textile Minister Giriraj Singh reiterates focus on cotton sector

*Banking & Financial Services*
• UPI hits record Rs 29.9 lakh crore in July, 23.66 billion transactions
• CBI books Anil Ambani, Reliance Capital over ₹1,816 crore EPFO loss

*Capital Markets & Corporate*
• Zepto announces pre-IPO private placement, to list within SEBI-approved timeline
• Chris Wood warns AI capex binge may burn billions as markets turn against Big Tech spending

*Oil & Gas*
• ONGC plans 150 deepwater wells under Rs 84,084-crore Samudra Manthan Mission
• Indian Oil rules out shift from Gulf crude despite regional conflict

*Automobile*
• Mahindra & Mahindra auto sales rise 26% to 1,03,860 units in July
• Nissan Motor India wholesales jump 66.5% to 9,339 units in July; domestic sales more than triple
• Hyundai Motor India July total sales up 25.4% at 75,360 units
• Honda Motorcycle & Scooter India sales up 5% at 5,42,934 units in July
• Toyota Kirloskar Motor domestic sales up 5% at 30,516 units
• Kia India logs best-ever July wholesale sales, dispatches up 27.4% to 28,200 units
• Tata Motors commercial vehicle sales up 37% at 39,641 units in July
• Suzuki Motorcycle India sales up 26% at 1,42,985 units in July
• Hero MotoCorp July sales up 18.6% at 5,33,416 units

*Industry*
• Coal India's July production up 8.4% to 50.36 MT; supplies hit a record high
• Tata Steel eyes more value, not just volume
• GSM Foils MD shooting: Chairman among seven arrested over alleged Rs 32 crore conspiracy to kill industrialist
• Vodafone Idea faces fresh trouble with Rs 26.8 crore DoT notice
• Sun Pharma recalls eye drops over contamination
• India enters the story as China begins to rewrite the global chips playbook

*Politics* 
• PM Modi inaugurates Rs 5,000 crore Bhogapuram Airport in Andhra Pradesh
• Andhra CM Chandrababu Naidu sets 2027 deadline for Polavaram and 2028 for Amaravati Phase I
• CM Siddaramaiah Shivakumar urges PM to back Karnataka, says India's growth hinges on the state's progress
• Rahul Gandhi says India's students need PM Narendra Modi's apology, not his forgiveness
• Suspected Jaish-e-Mohammed operative allegedly planned to target West Bengal opposition leader Suvendu Adhikari and disrupt a Jantar Mantar protest: STF

*Jai Hind* 
*Rudra Hai to Mudra Hai* 
For more details:
www.rudrashares.com/cef