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*News Headlines from Business News Agencies:* *Business Standard* 📝 India's services PMI falls to a 17-month low of 57.4 in June as domestic demand softens despite healthy export orders 📝 India's coal-fired power generation rises to its highest level since November 2023 amid strong electricity demand in June. 📝 State-run oil marketing companies report under-recoveries of ₹2.19 lakh crore due to elevated crude prices. 📝 Fuel price relief likely only if crude remains near $70 for the next 2–3 months, says Petroleum Minister. 📝 Government notifies key rules for transition from MGNREGS to the new VB-G RAM G rural employment framework. 📝 Moneyview, Chandan Steel get Sebi's approval to raise funds through IPOs https://whatsapp.com/channel/0029VaK9Pdx7oQhe24NT923E 📝 Hudco to provide up to ₹1 trillion loan for Bihar infrastructure projects 📝 Domestic MF inflows bolster Indian markets amid global volatility: Sebi WTM 📝 DMart operator Avenue Supermarts buys Thane commercial asset for Rs 99 cr 📝 India among lowest-cost solar markets, beats China on PV power cost: IRENA 📝 Govt probing Tata Electronics data breach, incident reported to CERT-In 📝 Banks strengthen deposit base as credit growth outpaces liabilities *Economic Times* 📝 India's forex reserves fall $5.65 billion to $666.93 billion in week ended June 26 📝 UK electric car market share hits 30% in June: industry data 📝 BLS E-Services acquires Atyati Technologies for Rs 157 crore 📝 ADB approves USD 230 million loan to modernise water supply and sanitation in Chennai 📝 KP Group appoints Sunil Kumar Maheshwari as Vice-Chairman 📝 Tata Power Renewable Energy commissions 100.8 MW Jewali wind project in Maharashtra 📝 Gulf carriers eye Boeing, Airbus jets as Air India weighs delays 📝 Titan expects gold prices to stay elevated, volatile amid global tensions 📝 Industry body ASMA urges government to waive customs duty on primary aluminium, scrap 📝 DAC clears Rs 52,000 crore defence acquisitions, boosts drone and air defence capabilities 📝 Alibaba, Tencent back Kuaishou's Kling AI in $2.8 billion fundraise *Mint* 📝 Government explores reviving the Gold Monetisation Scheme by involving jewellers to unlock idle household gold. 📝 JSW Steel begins work on ₹16,350 crore Andhra project to make low-carbon steel project in Andhra Pradesh 📝 Food inflation reshaped household consumption in FY26: Nestle India CMD 📝 Bank of Baroda's ₹5,700 crore NMC settlement to weigh on FY27 profitability 📝 Axis Max Life’s assets under management cross INR 2 lakh crores 📝 Indian insurance regulator plans commission overhaul to curb mis-selling: Report 📝 Paytm Europe granted licence by Luxembourg financial authority for credit, funds transfer, payments 📝 Indian Hume Pipe bags order worth ₹739 cr from Rajasthan Govt

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*Financial News* *Source: Leading Newspapers* *Saturday, 4 July 2026* *Banking, Finance & Regulation* • OMCs lost ₹18.9 per litre on diesel and ₹6 per litre on petrol in Q1 • Centre scraps TDS on aircraft lease rentals at IFSCs • 1st in nearly a decade: ICICI Bank plans to raise $500 million via dollar bonds • IndusInd Bank loan book grew in Q1, a first since accounting lapse *Markets, Stocks & IPOs* • Manipal Health IPO gets regulatory clearance as listing plans gather pace • Moneyview, Chandan Steel get SEBI nod for IPOs; Shivganga Drillers withdraws draft papers • Knack Packaging IPO gets subscribed 83 times on Day 3 • Automotive parts maker Happy Steels targets ₹25 crore via IPO; issue opens July 9 *Commodities* • Silver stood at ₹2,33,669 spot. • Gold stood at ₹1,45,764 spot. *Corporate, Industry & Investments* • Companies in Delhi gearing up to comply with 50% WFH mandate • As food inflation bites, Nestle turns to smaller cities to drive growth • Inspira seals ₹1,800-crore private credit for Burger King buy in India • Mukesh Ambani, Sunil Mittal named founding members of global AI panel • India allows 4 China-linked firms to bid for power projects • US, West Asia drag India's pharma exports growth • Maersk places maiden India order for 1,000 containers with DCM Containers • Fortis signs O&M agreement for 300-bed hospital, enters Odisha market • RIL value matches top 5 IT titans' combined market capitalisation • Vedanta Metal Bazaar processes $5 billion in FY26 sales, boosts MSME procurement • Rising discretionary spending, formalisation key growth drivers for Titan • Electric two-wheeler demand charges ahead as factories play catch-up • Kerala explores ₹60,000 crore high-speed rail, with partial public equity *Trade, Economy & Infrastructure* • UDAN flights discontinued on 50% of routes launched so far • US oil companies see big jump in profit *Politics & Governance* • DMK MLA arrested over remarks on Tamil Nadu CM • Uddhav Thackeray alleges Ram Temple funds used to split parties • RSS calls Ram Temple donation theft 'unfortunate', demands strict action • Government working to reset state's political culture: CM Suvendu Adhikari • Contempt Case: Calcutta HC seeks affidavits from Mamata Banerjee and Abhishek Banerjee *Law, Regulation & Governance* • Supreme Court halts CAG audit of Delhi power discoms • India extends anti-dumping duty on US, Malaysia, South Africa butyl alcohol *Global & Strategic Affairs* • DAC clears ₹52,000 crore proposals for the armed forces with focus on air defence • US must 'accept existing realities' on trade: Iranian Parliament Speaker Ghalibaf
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Amid opposition, from apparently 20 lakh "objectors", Tata Power has withdrawn its application to supply electricity in Karna
Amid opposition, from apparently 20 lakh "objectors", Tata Power has withdrawn its application to supply electricity in Karnataka. (DH) I guess consumers are again back at the mercy of State run ESCOMs!
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In a significant ruling, the Supreme Court has laid down clear guidelines for assessing the compensation of deceased, or inju
In a significant ruling, the Supreme Court has laid down clear guidelines for assessing the compensation of deceased, or injured, persons under the Motor Vehicle Act, based on their income. (DH)
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It's not just software and AI-tech companies that are seeing higher valuations. German drone maker, Quantum, raised $1.8 bill
It's not just software and AI-tech companies that are seeing higher valuations. German drone maker, Quantum, raised $1.8 billion at an $8 billion valuation. (WSJ)
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Alphabet's Google lost a year-long battle to overturn a fine of $4.69 billion imposed by the EU. (WSJ)
Alphabet's Google lost a year-long battle to overturn a fine of $4.69 billion imposed by the EU. (WSJ)
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You've probably already heard of Chanel perfumes and iconic quilted handbags. Soon you'd be able to buy Chanel shirts! Chanel
You've probably already heard of Chanel perfumes and iconic quilted handbags. Soon you'd be able to buy Chanel shirts! Chanel is buying out shirt maker, Charvet, a 200 year old company that sells its luxury apparel in Paris Vendome. (WSJ)
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"Energy Drinks" - what's that, asks the Food and Drug Administration. They've issued notices to manufacturers to stop "mislab
"Energy Drinks" - what's that, asks the Food and Drug Administration. They've issued notices to manufacturers to stop "mislabeling" such drinks. (HT)
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https://whatsapp.com/channel/0029VaK9Pdx7oQhe24NT923E/161 ITR Common utilities got updated !
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CA Foundation results have been declared
CA Foundation results have been declared
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The Karnataka State Govt is opposed to privatisation of power distribution. Ironically, Electricity Regulatory Commissions we
The Karnataka State Govt is opposed to privatisation of power distribution. Ironically, Electricity Regulatory Commissions were set up for exactly this reason - independence from State Government interference, oops, influence! I don't think they have the legislative power to prevent this. The question is will KERC be able to stand its ground! (DH)
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Vikram-1, India's first private sector orbital-class rocket is set to take off from Satish Dhawan Space Centre in Shriharikot
Vikram-1, India's first private sector orbital-class rocket is set to take off from Satish Dhawan Space Centre in Shriharikota, between 12th July and 4th August. It has been developed by Skyroot Aerospace. (DH)
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The world may or may not be your Oyster, but supply chains have global dependencies! A simple piston ring goes back and forth
The world may or may not be your Oyster, but supply chains have global dependencies! A simple piston ring goes back and forth 6 times just between the US, Mexico and Canada. (WSJ)
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Interesting data points... In India, Tata Electronics is assembling more iPhones for EXPORT than Taiwanese Company, Foxconn.
Interesting data points... In India, Tata Electronics is assembling more iPhones for EXPORT than Taiwanese Company, Foxconn. OTOH, Foxconn is assembling more iPhones for India, than Tata. (BS)
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AI-led tech layoffs up to 1st July 2026, have already crossed the 2025 full year number! However, 2023 saw the largest number
AI-led tech layoffs up to 1st July 2026, have already crossed the 2025 full year number! However, 2023 saw the largest number in recent years. (BS)
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Someone in the Govt woke up and realised that Telegram and Signal already had this username feature that WhatsApp was being p
Someone in the Govt woke up and realised that Telegram and Signal already had this username feature that WhatsApp was being prevented from implementing. Notices were promptly sent out to both. Maybe WA gently nudged someone... While we're on the topic, what about Instagram, LinkedIn and YouTube "@usernames" too! (BS)
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Today's News Headlines: *Economic Times* 📝 Coal India bags Rs 2,831 crore 600 MW solar plant deal in UP 📝 NPCI partners with HSBC India to enable real-time FX settlement for global UPI payments 📝 Cabinet approves two highway projects for Rs 14,115 crore 📝 Royal Enfield sales up 27 pc to 1,14,032 motorcycles in June 📝 GST collections rise 13.9% to Rs 1.95 lakh crore MoM in June 📝 SoftBank completes second $10 billion tranche of its $30 billion OpenAI investment 📝 Uber-backed Lime raises $167 million in US IPO 📝 Asset servicing company Dovetail Capital secures Rs 100 crore from Elev8 📝 US Fed chair Warsh says he will stick by 2% inflation target 📝 India Inc registrations jump 16% in June 📝 Mankind Pharma partners Denovo Sciences for AI-led drug discovery *Business Standard* 📝 MEIL, Analog plan $500 million push to bring physical intelligence to India 📝 Domestic passenger vehicle sales rise 24.6% in June on strong rural demand 📝 Sebi bars over 200 entities for alleged manipulation in five companies 📝 UPI volumes ease after record May; value falls to ₹28.92 trillion 📝 Godrej Properties bags Noida land parcel with ₹2,000 cr revenue potential 📝 Edelweiss AMC crosses ₹1 trn milestone in equity assets under management 📝 Accenture leases 346K sq ft office space in Pune at ₹2.52 cr a month 📝 EPACK Durable secures Andhra Pradesh nod for ₹1,084 crore investment plan 📝 India's power consumption grows 11.62% to 166.46 billion units in June 📝 Secured loans to drive MFI AUM growth to 20% in FY27: Crisil Ratings 📝 Policybazaar parent PB Fintech to invest Rs 20 cr in payments business 📝 'Powered' up: Pvt projects pipeline expands 70% in Q1 to ₹13.1 trn 📝 NPCI partners HSBC India, JP Morgan Payments for real-time forex settlement 📝 Manufacturing PMI falls to 3-month low in June amid int'l demand slowdown 📝 Domestic passenger vehicle sales rise 24.6% in June on strong rural demand 📝 VB-G RAM G Act comes into force: Centre hikes average wages by 10% 📝 ATF price slashed by ₹5/litre to ₹110 as global oil prices soften 📝 Zee board approves Rs 3,144 crore preferential fund raise from promoter 📝 Indian Railways freight loading rises 4% in June, 1.5% in Q1 FY27 *Financial Express* 📝 Hero MotoCorp to invest Rs 3,200 crore in Andhra Pradesh expansion 📝 Prudential HCL Health Insurance gets Irdai nod to commence insurance operations 📝 Ind-Ra downgrades Jana SFB promoter entities to default; bank’s ratings on watch 📝 MFI AUM to grow 20% in FY27 led by non-microfinance loans 📝 India imports record 4.93 million bpd crude in June, Russia remains top supplier 📝 Tourism ministry ropes in Google to promote Indian destinations 📝 Indian Railways approves Rs 200 crore Optical Fibre Project for South Eastern Railway; to cover 1,696 km *Mint* 📝 Magnitude 5.5 earthquake strikes near Jurm in Afghanistan's Hindu Kush region 📝 Indian Bank reports 13.3% growth in deposits, advances up 13.9% in June quarter 📝 Russia buys 60,000 metric tons gasoline from India to tackle shortages: Report 📝 Swedish court orders Google to pay $1.46 bn for favouring its price comparisons 📝 Accenture continues to expand India footprint with ₹355-crore Pune lease 📝 HSBC signs 1.2 million sq ft GCC deal with Prestige Group in Bengaluru 📝 China imposes ‘national security’ rules on overseas investments.
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With global prices easing slightly, the Govt cut prices of commercial LPG and Aviation Turbine Fuel. Private fuel supplier, N
With global prices easing slightly, the Govt cut prices of commercial LPG and Aviation Turbine Fuel. Private fuel supplier, Nayara Energy cut its petrol prices by ₹5 and diesel price by ₹3. The Govt has not changed prices of fuel, domestic LPG or CNG. (TOI)
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The Govt has notified the new Employees' Provident Fund Scheme, 2026 replacing the older 1952 Scheme. Withdrawals have been m
The Govt has notified the new Employees' Provident Fund Scheme, 2026 replacing the older 1952 Scheme. Withdrawals have been made more flexible and compliance tighter with Aadhar, PAN and linked bank accounts. (TOI)
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India's private sector manufacturing, PMI, fell to a 3-month low of 54.2 in June, from 55 in May. In other news, UPI transact
India's private sector manufacturing, PMI, fell to a 3-month low of 54.2 in June, from 55 in May. In other news, UPI transactions in June, also fell 3% to ₹29 trillion, as compared to May. (BS)
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