News Nook: Jun 10, 2025

Indian Sector Specific News:

A) BFSI:

1) Jana Bank Applies to Become Universal Bank

• Jana Small Finance Bank has applied to the RBI to change from a small finance bank to a universal bank.
• The bank’s stock rose 6.29% after the news, closing at ₹517.85.
• Source: CNBCTV-18

2) Nifty Hits 2025 High After RBI Rate Cut Boosts Banks

• Nifty 50 closed at 25,103, its highest in 2025, after RBI's sharper-than-expected rate cut lifted market sentiment.
• Bank, auto, and midcap stocks led the rally; Nifty Bank hit a record high and Jio Financial jumped over 6%.
• Source: CNBCTV-18

3) SEBI Investigates Jane Street’s Trades in India

• SEBI is probing Jane Street’s derivatives trading over the last 3 years for possible manipulation of major stock indexes.
• The investigation focuses on their algorithmic strategies in Nifty 50 and bank indexes.
• Source: Economic Times

4) SEBI Allows One-Time SGF Transfer from Currency to Equity Derivatives

• SEBI has allowed clearing corporations to shift excess core SGF from the currency segment to equity derivatives, easing pressure from low currency trading volumes.
• BSE’s ICCL and NSE Clearing used this relief, transferring ₹444 crore and ₹209 crore respectively to support the equity derivatives segment.
• Source: Moneycontrol

5) SEBI Launches Settlement Scheme for Brokers Using Unregulated Algo Platforms

• SEBI has introduced a settlement scheme for brokers linked with unregulated algo trading platforms, with likely lower penalties of ₹1 lakh per case.
• The scheme runs from June 16 to September 16, 2025, offering relief for pending cases before SEBI, SAT, or courts.
• Source: Moneycontrol

B) Automobile:

1) China’s Rare Earth Curbs May Disrupt Indian Auto Industry

• A report warns that India’s auto sector could face disruptions due to China tightening export controls on rare earth materials crucial for EVs and advanced components.
• These restrictions may raise costs and affect supply chains for Indian automakers relying on Chinese rare earths.
• Source: ANI News

2) Tata Motors Adds Factory-Fitted AC Across Entire Truck Range

• Tata Motors has launched factory-fitted air conditioning in all its truck models, including SFC, LPT, Ultra, Signa, Prima, and cowl variants.
• The new dual-mode AC system (Eco and Heavy) boosts driver comfort and efficiency, with added performance upgrades in heavy-duty trucks up to 320hp.
• Source: Zee Business

C) Telecommunication:

1) DoT Urges States to Use BSNL, MTNL for Data Security

• The DoT has asked state governments to prefer BSNL and MTNL for telecom services, citing data security and a Cabinet directive.
• Industry fears this move could hurt private telecom firms' revenue and disrupt fair competition.
• Source: Economic Times

2) 6G Leadership Vital for India’s Tech Sovereignty: Pemmasani

• MoS Chandra Sekhar Pemmasani emphasized the importance of 6G leadership while reviewing over 100 R&D projects under the Bharat 6G Mission.
• He highlighted India’s role in global standard-setting and stressed outcome-oriented efforts for technological sovereignty.
• Source: Economic Times

D) Energy:

1) IndiGrid to Acquire RSAPL and KNTL for ₹21.08 Billion

• IndiGrid will acquire stakes in RSAPL (300 MW solar project in Rajasthan) and KNTL (transmission project in Karnataka) from ReNew and partners.
• The combined enterprise value of both deals is ₹21.08 billion, with RSAPL having a 25-year PPA at ₹2.37/unit.
• Source: Powerline

2) Purvah Green Power Signs 1 GW Wind Turbine Deal with Envision Energy

• CESC subsidiary Purvah Green Power has signed a 1 GW wind turbine supply and commissioning agreement with Envision Energy India.
• The deal also includes 10 years of operations and maintenance (O&M) services from the average commissioning date.
• Source: Powerline

E) Agriculture:

1) Agri Production Up 40% in 10 Years: Shivraj Singh Chouhan

• BJP leader Shivraj Singh Chouhan said India’s agricultural production has grown by 40% over the last decade under PM Modi’s leadership.
• He credited reforms and schemes by the central government as part of celebrations marking 11 years of Modi government.
• Source: ANI News

F) FMCG:

1) FMCG Sector Sees Demand Uptick After RBI Rate Cut

• FMCG companies expect improved rural demand and a boost in consumption, thanks to RBI’s rate cut, government liquidity steps, and a good monsoon forecast.
• While volume growth slowed in Q1 FY26, small packs saw higher demand; premium products continue gaining traction, especially in urban markets.
• Source: Moneycontrol

G) Infrastruture:

1) ₹17.5 Trillion Investment Expected in Renewables, Roads & Real Estate by FY27: Crisil

• Crisil projects 15% annual investment growth in renewables, roads, and real estate, reaching ₹17.5 trillion over FY26–FY27, up from ₹13.3 trillion in the prior two years.
• Focus areas include storage-linked renewable projects, monetization in roads, and steady credit profiles for rated developers despite new business dynamics.
• Source: Mint

Indian Economy and Government Initiatives:

• India’s FY25 GDP growth slowed to 6.5%, a four-year low, despite strong March quarter performance (7.4%), with key growth drivers for FY26 likely to include government capex, rural consumption recovery, low interest rates, and improving consumer sentiment due to tax cuts and easing inflation.
• Urban demand remains weak, but rural strength (higher wages, strong monsoon, rising FMCG and tractor/two-wheeler sales) and RBI’s aggressive rate cuts are expected to stimulate broader economic revival in the coming quarters.

Indian Stock Market Update:

• Nifty 50 remains bullish above 25,000, with an upside target of 25,350–25,400; falling below 25,000 may weaken the trend. Bank Nifty support lies at 56,100–56,200, with potential to rally toward 57,700–57,900.
• Monday’s session saw broad-based gains, with Nifty up 0.4%, Bank Nifty up 0.46%, and mid/small caps rising up to 1.5%, led by IT, metals, healthcare, and oil & gas.
• Global sentiment improved on strong U.S. jobs data and progress in U.S.-China trade talks, while RBI’s aggressive rate and CRR cuts boosted domestic liquidity and FII inflows.

Bonus Briefs:

• Klarna CEO has warned that unchecked AI advancements could lead to mass job losses and potentially trigger a global recession. 
• Meanwhile, the UK Treasury plans to regulate BNPL firms like Klarna, mandating strict affordability checks to protect consumers.