*Financial News*
Source: Leading Newspapers
*Compiled by Rudra Shares* 
Vande Mataram
Monday, 03 August 2026

*Commodities*
• Silver (spot): Rs 217990
• Gold (spot): Rs 142295
• Saudi oil tanker heads to India as Red Sea and Hormuz traffic slows amid attacks.
• Oil PSUs' June-quarter losses remain well below the government's ₹75,000 crore estimate.

*Capital Markets & IPOs*
• KKR-backed LEAP India to open Rs 2,480 crore IPO on August 7; increases fresh issue size.
• New market timings effective from today; F&O trading extended till 3:40 pm.
• FIIs end four-month selling streak with $2.31 billion buying in July.
• Seven IPOs to hit Dalal Street this week; 11 new companies set to debut on the bourses.
• Dalal Street Week Ahead: RBI policy, Q1 earnings, FII flows and oil prices among key factors to watch.
• FPIs reverse four-month selling trend in July.

*Banking & Financial Services*
• Punjab National Bank says there is no plan to monetise subsidiaries and will focus on enhancing their value.
• Bank of Maharashtra cuts home loan rate to 7% and waives processing fee.
• RBI likely to keep interest rates unchanged in August while maintaining a hawkish stance amid inflation risks.

*Industry*
• Ramkrishna Forgings expects exports to recover on stronger global demand.
• Vadilal Industries challenges order granting interim relief to the Mumbai faction.
• ZEE promoter's fund-raising plan faces uncertainty after SEBI's market ban.
• Radisson bets on emerging business and tourism hubs.
• Processed food exports gain momentum, with the US leading demand.
• Government plans to ease forex rules for SEZ service exports to domestic tariff areas.
• AI may weigh on the IT sector in the near term but could become its next growth engine.
• India approved only one Chinese FDI proposal worth ₹1 crore in FY26.
• Apple and Unilever reaffirm confidence in India's long-term growth story.
• India may allow startups to redomicile back to the country with a simplified framework.

*E-commerce & Retail*
• Flipkart plans to launch its food delivery business around August 15 and targets a 10% commission model.
• Brands accelerate expansion amid the rapid growth of quick commerce.

*Automobile & EV*
• India's electric car sales surged 82% in July as higher fuel prices boosted EV adoption.
• Carmakers partially absorb commodity cost increases to maintain production.

*Infrastructure*
• Government targets completion of Mumbai's Coastal Road project by December 2028, says Union Minister Piyush Goyal.

*Politics*
• Tamil Nadu CM Vijay postpones Bengaluru visit on D.K. Shivakumar's request amid Cauvery tensions.
• Madhya Pradesh bans liquor in 19 religious towns as part of a nationwide anti-drug campaign, says CM Mohan Yadav.
• Karnataka Cabinet expansion remains pending as the Congress high command is yet to approve the list.
• MNS chief Raj Thackeray questions Vivek Oberoi over praising India's development while living abroad.
• Panthic politics returns to focus in poll-bound Punjab with renewed attention on Satluj and Amritpal.
• BSP chief Mayawati expels Randhir Beniwal, father-in-law of Akash Anand.

*Jai Hind* 
Rudra Hai to Mudra Hai
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