News Nook: Jun 27, 2025

 Indian Sector Specific News:

A) BFSI: 

1) Pine Labs Files for ₹2,600 Cr IPO

• Pine Labs has filed papers with SEBI to raise ₹2,600 crore by selling new shares and allowing existing investors like PayPal and Mastercard to sell part of their stake.
• The money will be used to repay debt and support its international units in Singapore, Malaysia, and UAE; the company may also do a pre-IPO share sale of up to ₹520 crore.
• Source: Moneycontrol

2) Jio BlackRock Gets SEBI Nod to Start Brokerage Business

• Jio BlackRock has received SEBI approval to launch its brokerage services in India, aiming to offer affordable and tech-enabled investment solutions.
• The news pushed Jio Financial Services’ stock up by over 5% intraday; the brokerage arm will operate under Jio BlackRock Broking Pvt Ltd.
• Source: Economic Times

B) Automobile:

1) Govt Plans ₹13,000 Cr Incentive Scheme for Auto Parts Industry

• The Indian government is working on a new ₹13,000 crore scheme, separate from the existing PLI scheme, to boost local manufacturing of auto components and reduce import dependency.
• The proposal includes fiscal incentives like opex support, R&D funding, skill development, and cluster development, along with non-fiscal benefits such as digital tech adoption, global partnerships, and ease of doing business reforms.
• Source: Moneycontrol

C) Pharma:

1) Indian Pharma Exports to US to Stay Strong Despite Regulatory Scrutiny

• CareEdge Ratings expects Indian pharmaceutical exports to the US to maintain growth despite rising FDA inspections, as companies show better compliance and invest more in R&D and quality standards.
• With India hosting nearly 500 US FDA-approved facilities and contributing ~35% of its pharma exports to the US, improved regulatory performance (OAI down to 7% in 2024) boosts its role as a key global supplier.
• Source: PharmaBiz

2) Indian CRDMOs Gain from Global Pharma’s Diversification Push: Jefferies

• Indian Contract Research and Development & Manufacturing Organizations (CRDMOs) are seeing strong demand as global pharma companies diversify supply chains away from China.
• Jefferies notes this shift is benefiting Indian firms due to their cost advantage, regulatory compliance, and growing expertise in complex drug development and manufacturing.
• Source: ANI News

D) Telecommunication:

1) DoT Proposes New Cybersecurity Rules to Tackle Mobile Number Fraud

• The Department of Telecom has drafted new cybersecurity rules introducing a Mobile Number Validation (MNV) platform to curb frauds using phone numbers, especially in banking and UPI transactions.
• Entities like banks will pay ₹1.5 per number validation request, while others will pay ₹3; flagged numbers linked to fraud will be deactivated for 90 days with history auto-deleted post that period.
• Source: The Week

E) Agriculture:

1) Union Minister Shivraj Singh Chouhan Pushes for Farmer-Led Research & Agri Modernization

• Union Agriculture Minister Shivraj Singh Chouhan emphasized a farmer-first approach, stating that research topics will now be shaped through field discussions rather than decided solely in Delhi, aiming to bridge the lab-to-land gap.
• He highlighted a 44% rise in food grain output over 11 years and stressed modernization through genome editing, mechanization, and disease-resistant crops, with region-specific discussions planned for key crops like cotton, sugarcane, and pulses.
• Source: PIB

F) Energy:

1) India Diverts Record Rice Surplus to Ethanol Production

• With rice stocks far exceeding targets, India is diverting 5.2 million metric tons of rice to ethanol production to manage the surplus and support its ethanol blending program amid sugarcane shortages.
• The move has helped ease pressure on corn prices and ensures continuity of the country’s energy goals, backed by strong monsoon-driven harvests and lifted export curbs.
• Source: Economic Times

G) IT:

1) Nifty IT Becomes Worst-Performing Sector in H1 2025, Down Over 10%

• The Nifty IT index fell over 10% in H1 2025, underperforming as global headwinds, weak tech spending, and FII outflows hit major players like TCS (-16%) and Infosys (-14%); all constituents ended in the red.
• Analysts cite low earnings visibility, muted client budgets, and delayed deal closures; while some brokerages suggest long-term value, most remain cautious on a near-term turnaround.
• Source: Mint

H) Infrastructure:

1) PE/VC Investments in India Drop 53% in May 2025: EY-IVCA

• Private equity and venture capital investments in India saw a sharp 53% month-on-month decline in May 2025, as per the EY-IVCA PE/VC roundup report.
• The drop reflects cautious investor sentiment amid global uncertainties and a slowdown in large deal activity across sectors.
• Source: Communications Today

 Indian Economy and Government Intiatives:

• RBI says Indian economy stayed resilient in May 2025, backed by strong industrial and services growth despite global uncertainty.
• India’s manufacturing sector and merchandise exports have lagged behind but are now seen as potential growth engines amid global shifts and policy support. However, challenges like weak private investment, low global export share, and tepid demand continue to hinder progress.
• Andhra Pradesh is set to unveil Space Policy 4.0, targeting ₹25,000 crore investments and creating 35,000 jobs through space cities in Lepakshi and Tirupati. The policy emphasizes R&D, manufacturing, education tie-ups, and capital subsidies up to 45% to position the state as a global space tech hub.

Indian Stock Market Update:

• On June 27, the Sensex rose 303 points to 84,058.90 and the Nifty closed 88.8 points higher at 25,637.80, driven by broad-based buying except in IT and realty sectors.
• Midcap and smallcap indices gained 0.5%, with sectors like Capital Goods, Healthcare, PSU Banks, Oil & Gas posting gains; top Nifty gainers included Jio Financial, IndusInd Bank, Adani Enterprises, Asian Paints, and Apollo Hospitals.