Indian Sector Specific News:
A) BFSI:
1) HDB Financial Services IPO: Key Highlights
- HDFC Bank's NBFC arm, HDB Financial Services, has launched a big IPO worth ₹12,500 crore, open from June 25 to June 27, with shares priced between ₹700–₹740.
- The IPO includes ₹2,500 crore of new shares and ₹10,000 crore sold by HDFC Bank, and the grey market premium (GMP) is around ₹74—about 10% above the issue price.
- Source: ETMarkets
2) Sebi Proposes Checks on Powers of Stock Exchange Chiefs
- Sebi has suggested stricter board oversight on key functions like trading, risk, and compliance at stock exchanges and depositories.
- It proposes appointing two officers to independently head trading and risk/compliance, who will report to the board—without the MD being present in some meetings.
- Source: Economic Times
B) Automobile:
1) Safest Cars Under ₹10 Lakh in 2025
- If you're buying a car under ₹10 lakh and care about safety, top picks include Tata Punch, Maruti Dzire, Mahindra XUV 3XO, Tata Curvv, and Citroën Basalt—all scoring high in crash tests.
- These models come with safety features like 6 airbags, ESC, ISOFIX child seat mounts, and strong body structures, earning 4–5 stars in Global and Bharat NCAP ratings.
- Source: Zee Business
C) Pharma:
1) India Launches ₹5,000 Cr PRIP Portal to Boost Pharma & MedTech R&D
- The government has launched a ₹5,000 crore scheme called PRIP to support innovation in pharma and medical technology through a new online application portal.
- PRIP aims to close the R&D spending gap with global peers by funding the development of novel drugs and medical devices for various diseases.
- Source: Mint
2) EVA Pharma & CHICO Partner to Localise Cancer Drug Ingredient Production
- EVA Pharma and China’s CHICO Pharmaceutical have signed an MoU to locally produce high-potency cancer drug ingredients for the Middle East and Africa.
- The partnership will enable tech transfer for 10 advanced oncology APIs, boosting regional manufacturing and access to life-saving cancer treatments.
- Source: BioSpectrum Asia
D) Energy:
1) Cairn Oil & Gas Fuels Assam’s Tea Industry with Clean Energy
- Cairn Oil & Gas is now supplying natural gas to tea estates in Upper Assam, helping reduce fuel costs and carbon emissions in collaboration with Assam Gas Company Limited.
- Assam’s tea industry, producing over 650 million kg annually, is adopting cleaner energy and climate-resilient practices to ensure long-term sustainability.
- Source: Economic Times
2) NTPC Stock Falls After ₹1,547 Cr Block Deal Hits Market
- NTPC shares dropped up to 4% after a block deal involving 4.78 crore shares (0.9% equity) worth ₹1,547 crore took place, though the stock partially recovered later in the session.
- Despite strong FY25 results and plans to raise ₹18,000 crore via NCDs, the heavy trade volumes temporarily pressured the stock, which trades at a P/E of 13.5x versus the industry average of 33.9x.
- Source: Trade Brains
3) Oil Prices May Stabilize at $65 After Iran-Israel Ceasefire: SBI
- Crude oil prices are expected to settle around $65 per barrel following President Trump’s announcement of a ceasefire between Iran and Israel, easing fears of escalation.
- An SBI report noted that the ceasefire aligns with its most optimistic scenario, helping avoid a potential surge to $130–140 per barrel, which would have hurt oil-importing nations like India.
- Source: Economic Times
E) Agriculture:
1) Centre Reviews ‘Viksit Krishi Sankalp Abhiyan’; Focus on Rabi Strategy & Crop-Specific Planning
- Agriculture Minister Shivraj Singh Chouhan led a high-level review of the ‘Viksit Krishi Sankalp Abhiyan’, emphasizing crop-wise and state-specific strategies, sustainable farming, and a proposed “Crop War” on key crops like pulses, oilseeds, soybean, cotton, and sugarcane.
- Over 2,170 nodal officers shared insights from the campaign, with future plans focusing on biofortified crops, soil health, KVK strengthening, and strict action against substandard farm inputs.
- Source: PIB
F) IT:
1) Accenture’s Q3 Results Shake Indian IT; Sector Faces AI-Led Reset
- Accenture’s Q3 saw an 8% revenue rise to $17.7B, but a 10% drop in outsourcing bookings and 10,400 job cuts triggered concerns across India’s $280B software export sector.
- Infosys, HCLTech, Coforge, and Persistent shares fell as analysts warned of weak discretionary spending, AI-led shifts, and a structural change in outsourcing demand.
- Source: Economic Times
1) Rate Cuts Unlikely to Revive Affordable Housing Demand
- Despite being rate-sensitive, affordable housing remains unattractive due to poor connectivity, lack of social infrastructure, and long commutes from city outskirts.
- Developers like Mahindra Lifespaces, Tata Housing, and Prestige Estates are exiting the segment, citing high land and construction costs and unsustainable margins.
- Source: Financial Express
Indian Economy and Government Initiatives:
- India has emerged as the world’s fourth-largest economy in 2025, driven by a decade of economic reforms, digital innovation, and infrastructure development under Prime Minister Modi’s leadership. Key growth drivers include initiatives like Make in India, UPI, and a thriving startup ecosystem, alongside investments in green energy and global partnerships. With a youthful workforce and rising global influence, India is reshaping global economic dynamics while promoting inclusive and sustainable growth.
- NITI Aayog's latest report urges improved data quality and accountability to reduce fiscal leakages and enhance digital governance efficiency.
- Indian stock markets closed at their highest levels of 2025, with the Sensex rising 680 points to 82,756 and the Nifty breaching 25,200, driven by positive global sentiment after the Israel-Iran ceasefire.
- Gains were broad-based, led by IT, FMCG, and auto stocks, while over 40 Nifty companies ended in the green.
- Notable movers included Titan, Infosys, and KNR Construction, while defence stocks saw profit-taking.
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