Indian Sector Specific News:
A) BFSI:
1) Tata Capital Gets SEBI Approval for Mega IPO
- Tata Capital has received SEBI’s green light to launch its IPO, aiming to raise around $2 billion, which could be India’s biggest IPO of 2025.
- The company plans to start the public issue as early as August, following strong profits of ₹2,492 crore on ₹13,309 crore in revenue last year.
- Source: Business Standard
B) Automobile:
1) New Fuel Norms May Depend on Your Car’s Size
- The government is planning new fuel efficiency rules (CAFE 3) that could vary based on the size of the vehicle, with implementation from April 1, 2027.
- Industry players have been asked to share their views, especially since SUVs—making up 55% of FY25 car sales—may face stricter efficiency rules.
- Source: Economic Times
C) Pharma:
1) SC Backs Generic Medicine-Only Prescription Across India
- The Supreme Court has supported a nationwide mandate for doctors to prescribe only generic medicines, aiming to curb unethical pharmaceutical practices.
- It stated that such a move, already implemented in Rajasthan, could bring major reforms by ending brand-specific doctor prescriptions and reducing corporate influence.
- Source: newsoniar
2) Glenmark Launches TEVIMBRA, Enters Immuno-Oncology in India
- Glenmark has launched TEVIMBRA, its first immune-oncology drug in India, targeting advanced lung and esophageal cancers with a globally approved treatment.
- The drug offers a new, affordable cancer therapy option as part of Glenmark’s push to expand its innovative cancer care portfolio in a country facing rising cancer cases.
- Source: Glenmark Pharmaceuticals Press Release
D) Telecommunication:
1) DOT Pushes ISPs to Adopt Indian Standard Time
- The government has asked Internet Service Providers to sync their systems with Indian Standard Time (IST) to improve coordination, security, and infrastructure management.
- This move is part of the draft rules under “One Nation, One Time,” and may soon become legally binding with penalties for non-compliance.
- Source: CNBC-TV18
E) Agriculture:
1) Maharashtra Approves India’s First AI Policy for Agriculture
- Maharashtra has launched the MahaAgri-AI Policy 2025–2029 with ₹500 crore to revolutionize farming using AI, drones, blockchain, and advanced analytics for better productivity, water use, and export traceability.
- The policy includes real-time advisories, AI tools for precision farming, digital infrastructure, and strong support for startups and farmers through training, grants, and innovation platforms.
- Source: Maharashtra Government Press Release
F) Energy:
1) India’s Crude Oil Imports Hit All-Time High in May
- India imported 23.32 million metric tons of crude oil in May, up nearly 10% month-on-month, marking the highest monthly volume ever as fuel demand surged.
- Despite geopolitical tensions and rising prices, India’s oil consumption continues to grow, while imports from Russia dipped 15.7% amid shifting refinery strategies.
- Source: Economic Times
2) Oil Prices Drop 5% After Israel-Iran Ceasefire Deal
- Oil prices fell over 5%, hitting their lowest levels in over a week, after Israel accepted a U.S.-brokered ceasefire proposal with Iran, easing fears of supply disruptions.
- Brent and WTI crude both slumped as the geopolitical risk premium vanished, following Trump’s announcement of a complete ceasefire after a 12-day conflict.
- Source: Economic Times
3) GAIL to Invest ₹844 Crore to Boost Pipeline Capacity
- GAIL will invest ₹844 crore to expand the Dahej-Uran-Dabhol-Panvel pipeline, raising its capacity from 19.9 to 22.5 mmscmd over the next three years to meet rising gas demand.
- The company also delayed completion of its Mumbai-Nagpur-Jharsuguda pipeline project to September 2025, with costs rising by ₹411 crore.
- Source: Economic Times
G) IT:
1) AI Boom Triggers New Talent War in India’s IT Sector
- With AI job openings projected to cross 2.3 million by 2027, IT firms are racing to hire skilled talent and offering upskilling programs to bridge the demand-supply gap.
- Employers now seek AI professionals who not only code but can work across industries and spot business opportunities, pushing the boundaries of traditional tech roles.
- Source: Business Standard
Indian Economy and Government Initiatives:
- RBI’s recent 50-bps rate cut may offer only modest short-term benefits, with Saugata Bhattacharya stressing the need for better transmission to MSMEs and home loan borrowers.
- He prefers a gradual easing path and wants to observe how government policies shape demand before expecting broader effects.
Indian Stock Market Update:
- The US struck three Iranian nuclear facilities, escalating tensions in West Asia and rattling investor sentiment globally.
- Iran may close the Strait of Hormuz, a key global oil supply route, which could disrupt crude shipments and hurt oil-importing nations like India.
- Crude oil prices surged near $80 per barrel, raising concerns over inflation, higher input costs, and pressure on India’s trade balance.
- The dollar index rose and the rupee weakened, raising fears of foreign capital outflows from Indian equities.
- Analysts warn that despite strong domestic fundamentals, India is not insulated from prolonged global geopolitical and economic instability.
- While Sensex and Nifty fell, BSE Midcap and Smallcap indices gained, keeping overall market capitalization largely unchanged.
Bonus Brief:
- Bloomberg Economics warns that expiring tariff suspensions under President Trump and ongoing Middle East conflicts could drive oil above $130/barrel, potentially pushing U.S. inflation to 4% and delaying rate cuts.
- Rising energy prices or trade disruptions from escalating tensions may further strain the global economy, increasing uncertainty for central banks and markets.
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