Indian Sector Specific News:
A) BFSI:
1) FSIB Leadership Term Extended by One Year
B) Automobile:
1) India Exports 5.7 Million Vehicles in FY25, Auto Sector Shines
- In FY 2024–25, India exported 5.7 million vehicles, reflecting strong global demand and cementing its position as the world’s 3rd-largest auto market by sales.
- The auto sector now contributes 7.1% to India’s GDP, supports 3.7 crore jobs, and benefits from government initiatives like the ₹25,938 crore PLI scheme promoting EVs and advanced mobility tech.
- Source: KNN India
C) Pharma:
1) Pharma Export Growth Slows After March Surge
- After a strong 31.2% rise in March due to year-end targets and tariff concerns, India’s pharma exports grew just 1.5% in April–May, showing a clear slowdown.
- Despite pricing and regulatory challenges, exports to the US jumped 20.4% in FY25 to $10.5 billion, up from $8.7 billion in FY24.
- Source: Economic Times
2) Telangana Pharma Plant Blast: Death Toll Rises to 35
D) Agriculture:
1) India Stands Firm on Agriculture as US Tariff Deadline Nears
E) Energy:
1) LPG Cylinder Price Cut, Jet Fuel Cost Rises from July 1
- Oil companies have slashed the price of 19 kg commercial LPG cylinders by ₹58.50, bringing Delhi’s price down to ₹1,665, offering relief to restaurants and small businesses.
- In contrast, aviation turbine fuel (ATF) prices jumped 7.5% to ₹89,344.05/kL in Delhi, reversing recent cuts and likely increasing pressure on airline operating costs.
- Source: Economic Times
2) IEA: India to Lead Global Oil Demand Growth by 2030
- India’s oil demand is set to rise by 1 million barrels per day by 2030—more than any other country—driven by strong economic growth and rising transport and industrial fuel use.
- Demand for jet fuel and gasoline is expected to grow ~6% and ~4% annually, while LPG and naphtha consumption will rise with urbanisation, industrial activity, and clean cooking programs like Ujjwala Yojana.
- Source: Economic Times
F) Infrastructure:
1) Mumbai’s Real Estate Set for Boom with Massive Infrastructure Push
- Key infrastructure projects like Metro Line 3 & 6, Navi Mumbai Airport, Coastal Road, and the Bandra–Versova Sea Link are slashing commute times and boosting property values in areas like Andheri, BKC, Panvel, and Worli.
- Projects like the Mumbai–Ahmedabad Bullet Train and Panvel–Karjat Rail Corridor are transforming suburban markets into investment hotspots with strong long-term growth potential.
- Source: Trade Brains
Indian Economy and Government Initiatives:
- The RBI’s Financial Stability Report says the Indian economy is growing steadily and remains a key global growth driver, supported by strong fundamentals and stable financial institutions. Despite global uncertainties, banks, NBFCs, and insurers in India remain resilient with robust capital and low NPAs.
Indian Stock Market Update:
- Sensex rose 91 points to 83,697 while Nifty closed above 25,500 as investors tracked Asian cues and awaited clarity on US tariff talks.
- Apollo Hospitals jumped 4% after announcing a business restructuring; BEL gained 2%, while Nestle India and PB Fintech slipped 2%.
Bonus Briefs:
- The global economy is expected to stay resilient despite rising geopolitical challenges, though China may see slower growth due to weaker US demand and fiscal tightening.
- Former President Trump threatens new tariffs on Japan, while the EU shows openness to uniform tariffs amid global trade friction.
- US stocks hit new highs, aided by easing Middle East tensions; Brent crude has fallen below pre-conflict levels following the Israel-Iran ceasefire.
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