*Financial News*
Source: Leading Newspapers
*Compiled by Rudra Shares* 
Vande Mataram
*Tuesday, 04 August 2026*

*Commodities*
• Silver (spot): Rs 217883
• Gold (spot): Rs 142257
• Rupee rises for the sixth consecutive day, gaining 12 paise to close at 95.31 against the US dollar as crude oil prices decline.
• India's gold demand declines, but spending reaches a record Rs 1.98 lakh crore in Q2.

*Economy & Policy*
• Government invites applications for import quotas covering 30 products under the India-Oman trade pact.
• India and Uzbekistan should aim to double bilateral trade within three years, says Piyush Goyal.
• Manufacturing activity falls to a five-year low as growth in new orders slows.
• FPI inflows into Indian Government Securities dry up amid expectations of a US rate hike.
• Credit to the technology infrastructure sector has doubled over the past two years.
• India proposes extending tax breaks for contract manufacturing to support Apple.
• Windfall tax hiked: Export duty on diesel raised to Rs 25.5/litre and ATF to Rs 22/litre

.

*Banking & Financial Services*
• State Bank of India, HSBC and ICICI Bank lead India's overseas deposit drive, according to a report.
• Debt fund managers maintain duration bets ahead of the August MPC meeting and expect RBI to keep rates unchanged.

*FMCG & Consumer*
• Pepsi removes the "energy" label from Sting while challenging the FSSAI order.
• FSSAI questions Dabur's "100%" product claims.
• L'Oréal India MD Jacques Lebel says if a beauty product succeeds in India, it can succeed anywhere.

*Oil, Gas & Energy*
• Chennai Petroleum plans to expand refining capacity to 280,000 barrels per day.
• Essar to invest $5.8 billion in UK energy transition projects by 2035.
• Indian Oil to invest Rs 1 trillion in petrochemicals over the next five years.

*Infrastructure & Data Centres*
• Adani Group proposes to invest Rs 1 trillion in a data centre project in Odisha.

*Capital Markets*
• Juniper Green Energy IPO subscribed nearly 8 times on Day 3.
• Arjun Jewellers refiles draft papers with SEBI to raise Rs 200 crore through an IPO.
• Railway infrastructure EPC company Laxyo receives SEBI approval for its IPO.
• Government launches LIC OFS to sell up to a 6.5% stake at Rs 382 per share; non-retail issue opens today.
• Brokers ask retail clients to square off positions by 3 PM as the Closing Auction Session causes cash-futures divergence.
• Paytm's early investors plan a Rs 2,000 crore stake sale through a block deal, according to reports.
• Anawil Wire and Engineering IPO subscribed 4.42 times on Day 1; GMP jumps 30%.
• Zepto's unlisted shares fall 23% in five days, indicating a valuation below $3.5 billion.

*Industry*
• Sterlite Technologies hits the upper circuit after securing a Rs 960 crore order from a telecom operator.
• IEX falls after the Supreme Court allows CERC to frame market coupling regulations.
• ITC completes the acquisition of Century Pulp, strengthening its paper business.
• Nalco fined by BSE and NSE for not meeting the required number of independent directors on its board.
• IndiGo bets on a small business class and denser economy seating for long-haul flights.

*Politics*
• Karnataka Cabinet expansion triggers rebellion within Congress; Chief Minister appeals for patience.
• Rahul Gandhi vows to continue fighting for students affected by paper leaks, urging accountability.
• KMSS blames an alleged coal mafia nexus for Assam floods and seeks a CBI probe.
• Prashant Kishor ends BJP's three-decade hold in Bankipur, while Congress retains the Datia seat.
• Punjab Congress faces fresh tensions as differences between Channi and Warring intensify.
• Bankipur bypoll sees a unique contest despite familiar names "Lalu" and "Nitish" on the ballot.

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