News Nook: Jun 30, 2025

Indian Sector Specific News:

A) BFSI: 

1) Big Changes Coming to Your Credit Card from July 2025

• SBI, HDFC, and Kotak Bank are changing credit card benefits — SBI is removing air accident insurance, and HDFC will charge extra for gaming, wallet loads, and big utility payments.
• Kotak is ending the Myntra card and moving users to a new Kotak League Credit Card — users should check for any differences in rewards or charges.
• Source: Times of India

2) Meta to Block Unverified Investment Ads from July 31

• Starting July 31, 2025, Meta will only allow investment-related ads targeting Indians if the advertiser verifies with SEBI — this includes Facebook, Instagram, and WhatsApp ads.
• The move is aimed at stopping fake investment "gurus" or 'furus' by publicly displaying SEBI registration details on all such ads.
• Source: Moneycontrol

3) Curefoods Files for ₹800 Cr IPO to Expand Krispy Kreme and F&B Brands

• Curefoods has filed IPO papers with SEBI to raise ₹800 crore — funds will go into expanding Krispy Kreme kitchens, new restaurants, and buying equipment.
• Existing investors like Iron Pillar, Accel, and Chiratae will sell shares in the Offer for Sale (OFS) portion, but no major exits are expected.
• Source: CNBC-TV18

4) SEBI Closes Case Against Suzlon; Stock Inches Up

• SEBI has closed adjudication proceedings against Suzlon Energy, which had earlier received a show-cause notice — the stock rose nearly 1% in response.
• Suzlon shares hit ₹67.89 on BSE, with ₹5.63 crore turnover and over 8 lakh shares traded; the stock remains above all key moving averages.
• Source: Business Today

B) Pharma:

1) Torrent Pharma to Acquire JB Chemicals in ₹11,917 Cr Deal from KKR

• Torrent Pharmaceuticals will buy a 46.39% stake in JB Chemicals from KKR for ₹11,917 crore, followed by a merger and an open offer to public shareholders at ₹1,639.18/share.
• The deal gives Torrent access to JB’s chronic portfolio, international CDMO business, and strengthens its position in India’s pharma market.
• Source: Economic Times

C) Telecommunication:

1) Only Half of Eligible Firms Got Telecom PLI Incentives; ₹1,162 Cr Disbursed

• Out of 42 eligible manufacturers under the telecom PLI scheme, only 21 received incentives till March 31, 2025 — Jabil Circuit was the top beneficiary with ₹235.87 crore.
• Two companies, Coral Telecom and Alphion India, were rejected for failing to meet performance thresholds under the scheme that ends this fiscal.
• Source: Economic Times

2) CDN Regulation Debate Heats Up: Experts Warn of Overreach in New Telecom Law

• India’s CDN market is booming, but proposed Telecom Act regulations could disrupt growth — experts question if CDNs should be classified as telecom services needing licenses.
• CDNs like Akamai and Cloudflare speed up content delivery by caching data near users; regulating them like ISPs may raise costs and slow digital innovation.
• Source: SCC Online

D) Energy:

1) Reliance Power Eyes Overseas 1,500-MW Gas Project Using Existing Equipment

• Reliance Power is bidding for gas-based power projects in Kuwait, UAE, and Malaysia using two 750 MW equipment modules it already owns — potentially unlocking ₹2,000 crore in asset value.
• With demand for clean energy rising globally, Reliance aims to fast-track project execution, backed by its strong solar and battery energy pipeline.
• Source: Economic Times

E) Agriculture:

1) India’s Agriculture GVA Triples in 12 Years, Hits ₹48 Lakh Cr in FY24

• India’s agri GVA has surged 225% from ₹15 lakh crore in FY12 to ₹48 lakh crore in FY24 — thanks to better productivity and government policy support.
• Agriculture still forms 16% of GDP and supports over 46% of India’s population; UP leads with 17% of national output, followed by MP, Punjab, Telangana, and Haryana.
• Source: News18

2) Agriculture, Dairy Are ‘Red Lines’ in US Trade Talks: FM Sitharaman

• Finance Minister Nirmala Sitharaman said India is treading cautiously in trade talks with the US, calling agriculture and dairy “big red lines” due to their sensitivity.
• While hopeful for a “big, good” deal, she emphasized that deep consultations are underway for sectors like automobiles before finalizing any pact.
• Source: Moneycontrol

F) IT:

1) Muted Q1 Growth Expected for IT Firms Amid Global Uncertainty

• Indian IT giants like TCS, Infosys, Wipro, and HCL are likely to post low single-digit growth in Q1 FY26 due to ongoing geopolitical and macroeconomic challenges.
• While conditions are better than Q4, recovery remains uneven — firms report no major worsening in client spending but limited signs of acceleration.
• Source: Business Standard

G) Infrastructure:

1) Tamil Nadu Commits ₹8,000 Cr to Rural Roads, Housing Under Mega Infra Push

• Tamil Nadu is investing ₹8,000 crore to upgrade rural roads and housing — 20,000 km of roads under MGSMT and 2 lakh houses via Kalaignarin Kanavu Illam are being built or upgraded.
• The state also leverages central schemes like PMGSY and NABARD to expand connectivity and improve living conditions, with projects touching 10,000+ village panchayats.
• Source: UrbanAcres

Indian Economy and Government Initiatives:

• Finance Minister Nirmala Sitharaman emphasized continued economic reforms with focus on GST simplification, income tax easing, land monetisation, and strengthening rural banks.
• She noted rising private investments, healthy urban demand, and momentum in business activity, with key legislations like IBC amendments and IDBI Bank privatization on the cards.
• She also highlighted India’s “Goldilocks” economic moment, with strong macro fundamentals, rising exports and booming defense production under Atmanirbhar Bharat and emphasized continued banking sector strength, rural credit expansion, and strategic steps to tackle rare earth shortages and promote private sector investment despite global uncertainties.

Indian Stock Market Update:

• Sensex and Nifty ended lower, snapping a 4-day winning streak; Sensex fell 452 pts to 83,606, Nifty dropped 121 pts to 25,517.
• Midcaps outperformed, with Nifty Midcap index rising 356 pts, and PSU banks extended gains; Nifty PSU Bank index up over 2% for fifth straight session.
• Stock-specific moves: Raymond surged 14% ahead of its real estate arm listing, Sigachi Industries plunged 11% after a fire, and Trent rallied late on positive brokerage commentary.

Bonus Briefs:

• Top central bankers including Powell (Fed), Lagarde (ECB), and counterparts from Japan, South Korea, and the UK will meet in Portugal to discuss monetary policy amid global uncertainty from Trump’s presidency.
• Key focus will be balancing inflation risks with growth concerns, as central banks weigh policy trade-offs highlighted in the BIS's recent warning.
• Upcoming economic data—including US jobs, euro-zone inflation, and Chinese business surveys—will offer insight into how tariffs and policy shifts are impacting global growth.