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Indian Sector Specific News:

A) BFSI:

1) High-Level Government Meeting on Financial Inclusion

  • The Finance Ministry is convening a top-level meeting (June 30) with heads of public sector banks to discuss the progress of major financial inclusion schemes such as Pradhan Mantri Jan Dhan Yojana and Atal Pension Yojana.
  • Bank leaders will present detailed updates on implementation, achievements, and challenges, as the government pushes to extend banking services to underserved communities.
  • Source: ANI
2) SBI Card to Remove Air Accident Insurance from Premium Cards

  • From July 15, 2025, SBI Card will stop offering free air accident insurance (up to ₹1 crore) on its ELITE, PRIME, and several co-branded credit cards.
  • This change affects many premium users and reflects a new direction in SBI Card’s travel benefit policies.
  • Source: Business Today
3) Standard Chartered Under RBI Lens for Derivatives Sales Issues

  • The RBI is scrutinizing Standard Chartered Bank over flaws in how it sold risky derivative products to small and medium businesses, raising concerns about the bank’s risk controls.
  • Some clients were reportedly not properly informed about the dangers of these complex financial products, triggering regulatory attention.
  • Source: CNBC-TV18
4) SEBI Bans Sanjiv Bhasin, 11 Others Over Market Manipulation

  • SEBI has barred Sanjiv Bhasin and others from trading after accusing them of manipulating stock prices through TV and social media tips.
  • The regulator has ordered the seizure of ₹11.3 crore in alleged illegal gains and frozen the involved parties' bank and demat accounts.
  • Source: Fortune India
5) SEBI Approves New Expiry Days for NSE and BSE Derivatives

  • SEBI has allowed NSE to shift its weekly derivatives expiry from Thursday to Tuesday, while BSE will move its expiry to Thursday starting September 1, 2025.
  • The change aims to reduce volatility and avoid both exchanges having the same expiry day, based on regulatory guidelines and expert consultations.
  • Source: ETMarkets

B) Automobile

1) India’s Largest Auto Cargo Terminal Inaugurated at Maruti’s Manesar Plant

  • Railway Minister Ashwini Vaishnaw inaugurated the Gati Shakti Multi-Modal Cargo Terminal at Maruti Suzuki’s Manesar facility, boosting India’s freight and industrial logistics capacity.
  • The terminal is linked by a 10 km rail corridor to Patli station and is part of the larger 121.7 km Haryana Orbital Rail Corridor project.
  • Source: The New Indian Express

C) Pharma:

1) Pharma Stocks Tumble After Trump Warns of Import Tariffs

  • Indian pharma stocks dropped up to 4% after U.S. President Donald Trump said tariffs on imported medicines are coming soon, threatening India’s $12.7 billion export sector.
  • Analysts fear these tariffs could raise costs and hurt the competitiveness of Indian drugmakers, who supply nearly 40% of U.S. prescriptions.
  • Source: ETMarkets

D) Telecommunication:

1) TRAI Issues New Tariff Order to Boost PM-WANI Public Wi-Fi Scheme

  • TRAI has released the 71st Tariff Amendment Order to make broadband for Public Data Offices (PDOs) under the PM-WANI scheme more affordable, capping tariffs at no more than twice the regular retail FTTH rates.
  • The move aims to address low adoption of PM-WANI by reducing connectivity costs and removing the need for costly commercial agreements with telecom providers.
  • Source: Taasir News Network
2) Siemens Consortium Wins ₹4,100 Cr Contract for India’s Bullet Train Signaling

  • Siemens, along with Dineshchandra R Agrawal Infracon and Siemens Mobility, will equip India’s first high-speed rail project with advanced signaling and telecom systems under a ₹4,100 crore NHSRCL contract.
  • Siemens Limited’s ₹1,230 crore share includes design, installation, and 15 years of maintenance to ensure long-term operational reliability.
  • Source: The Hans India

E) Energy:

1) Global North Drives 70% of Future Oil and Gas Expansion: Report

  • A new report reveals that the U.S., Canada, Norway, and Australia are responsible for nearly 70% of upcoming oil and gas expansion from 2025 to 2035, threatening global climate goals.
  • Halting these expansions could prevent 32 billion tonnes of carbon emissions—equal to triple the annual emissions from all global coal plants.
  • Source: Carbon Copy

F) Agriculture:

1) India Needs Value-Driven Agri Export Shift to Reach $100 Billion Goal

  • India must pivot its $50 billion agri-exports from water-heavy staples like rice to high-value, climate-resilient goods like millets, maize, processed foods, and buffalo meat to stay globally competitive.
  • Achieving $100 billion in exports will require policy reforms, better infrastructure, global branding, farmer training, and a strong push toward value addition and sustainability.
  • Source: RuralVoice

G) IT:

1) IT Sector Set for Earnings Growth in FY26–27: Quantum AMC

  • Christy Mathai of Quantum AMC expects a strong earnings surprise in IT and auto sectors driven by interest rate cuts, rising tech spend, and healthy corporate cash flows.
  • While tariff uncertainty remains a concern, the macro backdrop of liquidity and capex momentum supports EPS growth; banks, IT, auto, and insurance are key investment picks.
  • Source: ET Now

H) FMCG:

1) FMCG Firms Cautious Amid Rising Crude Prices

  • FMCG companies are closely monitoring rising global crude oil prices but aren’t raising product prices yet, as many have short-term hedges in place.
  • With packaging and freight making up 20% of costs, firms are assessing if the trend is temporary before passing on any burden to consumers.
  • Source: Business Standard

Indian Economy and Government Initiatives:

  • A new FASTag-based Annual Pass for private vehicles, priced at ₹3,000, will launch on August 15, 2025, allowing up to 200 highway trips or one year of use—whichever comes first.
  • RBI Governor Sanjay Malhotra signaled that more interest rate cuts could be considered if inflation remains lower than projected, emphasizing a data-driven policy approach. He clarified that tools like CRR changes are not for frequent use, and the central bank remains focused on balancing inflation control with growth support.

Indian Stock Market Update:

  • Nifty 50 closed at 24,853.40, unable to cross the 25,000 resistance; key support now lies at 24,700 amid ongoing consolidation.
  • Bank Nifty also declined, with support pegged around 54,000–54,500, suggesting caution in the banking space.
  • Geopolitical tensions, especially the Israel-Iran conflict and Trump’s abrupt G7 exit, are driving global uncertainty and could weigh on sentiment.
  • IT stocks may gain ahead of the US Fed meeting, while pharma remains weak due to US tariff concerns.



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