Indian Sector Specific News:
A) BFSI:
1) Single Premium Insurance Gets Popular Again as FD Rates Fall
- As bank fixed deposit (FD) interest rates start going down, many people are now showing more interest in single premium insurance plans because they seem like a better way to grow their money.
- ICICI Prudential Life Insurance says this shift could boost sales, even though their overall premium earnings fell due to lower annuity sales. They still see strong growth in protection and savings plans.
- Source: Economic Times
2) SEBI Fines Cressanda Promoters for Delayed Shareholding Disclosures
- SEBI has fined Smart Infraproperties ₹10 lakh and Yuvika Tradewing ₹2 lakh for not disclosing major shareholding changes in Cressanda Railway Solutions Ltd. on time, which could have misled investors.
- The promoters drastically cut their holding from over 30% to almost nothing without informing the market on time, violating key disclosure rules meant to protect investors.
- Source: SCC Online
B) Automobile:
1) Passenger Vehicle and Two-Wheeler Sales Drop Sharply in June 2025
- India's overall automobile sales fell 3.6% in June 2025 compared to last year, with passenger vehicle sales down 6.3% and two-wheeler sales dropping 3.4%, mainly due to weak demand and affordability issues.
- Experts blame stagnant incomes, rising car prices, and supply challenges; small cars like Maruti's Alto and WagonR are now out of reach for many Indian families despite upcoming hopes from the festive season and rate cuts.
- Source: The Wire & The Hindu
2) M&M Rises to Become India’s No. 2 Automaker in Q1 FY26
- Mahindra & Mahindra sales surged 22.3% YoY, reaching 1,52,067 units in April–June FY26, overtaking Hyundai to claim the second position behind Maruti Suzuki.
- Hyundai India saw an 11.5% drop to 1,32,259 units, while Tata Motors fell nearly 10% to 1,29,369 units, pushing Tata out of the top three .
- Source: Business Today
C) Pharma:
1) Trump Threatens Tariffs Up to 200% on Pharma Imports, Hints at India Trade Deal
- US President Donald Trump plans to impose tariffs on imported pharmaceuticals by August 1, starting low and rising to as high as 200% in a year to boost domestic manufacturing, potentially affecting major global drugmakers.
- He also mentioned upcoming semiconductor tariffs and called a trade agreement with India “most likely,” even as his administration sends unilateral tariff notices to trading partners.
- Source: Bloomberg via Economic Times
D) Telecommunication:
1) Draft Telecom Cyber Security Rules 2025 Aim to Curb Mobile Number Misuse
- The government has proposed new rules introducing a Mobile Number Validation (MNV) platform to verify user identities, prevent fraud, and empower regulators to suspend or disconnect numbers for security reasons.
- New rules also regulate IMEI usage, expand oversight to private users of telecom data (TIUEs), and introduce tiered fees for validation requests based on entity type; public feedback is open till late July.
- Source: Legality Simplified
E) Energy:
1) Trump Threatens Sanctions on Buyers of Russian Oil; India, China in Focus
- US President Donald Trump has warned of penalties for countries importing Russian oil, putting major buyers like India and China under global scrutiny, though markets remain calm for now.
- India's oil imports from Russia have surged since the Ukraine war, raising concerns over costlier alternatives if sanctions are imposed; China’s imports have stayed steady.
- Source: Economic Times
F) Agriculture:
1) Cabinet Launches 'Dhan-Dhaanya Krishi Yojana' to Boost Agri Growth in 100 Districts
- The Centre has approved the Prime Minister Dhan-Dhaanya Krishi Yojana, a 6-year scheme targeting 100 low-performing districts to boost crop productivity, irrigation, credit access, and storage through convergence of 36 schemes.
- Inspired by the Aspirational District Programme, it focuses on natural farming, crop diversification, and local livelihoods, with monthly progress tracking on 117 KPIs via dashboards and NITI Aayog oversight.
- Source: Press Information Bureau (PIB)
G) FMCG:
1) FMCG Sector Sees Leadership Shake-Up Amid Stagnant Growth
- Major FMCG firms in India- Hindustan Coca‑Cola Beverages, Hindustan Unilever, and L’Oréal have recently appointed new India heads to navigate weak growth, increased competition, and evolving consumer behaviour.
- Companies are banking on fresh leadership to accelerate digital transformation, AI adoption, and pivot to D2C and premium segments—experts say existing CEOs may lack “consumer‑technology thinking”, and the sector has been trailing GDP growth for four year.
- Source: Economic Times
2) Delhi HC Orders Delisting of FMCG Goods Misusing ‘Reliance’ and ‘Jio’ Trademarks
- The Delhi High Court has directed e-commerce platforms—including Amazon, Flipkart, Meesho, Snapdeal, and IndiaMART—to remove around 21 FMCG products infringing on Reliance and Jio trademarks, citing cases of counterfeit use on items like poha, pulses, salt, and more.
- Justice Saurabh Banerjee issued a dynamic injunction (dated July 10), restraining identified sellers from manufacturing, advertising, or selling such goods—citing consumer safety risks and the potential for brand confusion—and ordered the platforms to share seller details
- Source: Economic Times
Indian Economy and Government Initiatives:
- India’s economy is projected to grow at 6.5% in FY26, supported by low inflation, RBI rate cuts, and rising government capex, despite global geopolitical and trade uncertainties.
- The PMO has approved a major GST overhaul—including possible removal of the 12% slab and procedural simplifications—and plans to present the proposal to the GST Council in August after the monsoon session.
- Under the National Oil Palm Mission, the government aims to boost crude palm oil output from 0.35 MT to 2.3 MT by 2029 by expanding plantations to 1 million hectares and partnering with private players.
Indian Stock Market Update:
- Markets ended flat but steady, with the Sensex up 64 points at 82,634 and Nifty closing just above 25,200, supported by gains in banking and select IT stocks.
- PSU banks rallied, led by SBI, on reports of a possible FDI cap hike and a potential ₹25,000 crore QIP; Nifty Bank rose 162 points to 57,169.
- IT stocks like Wipro and Tech Mahindra gained 2%, while Shriram Finance, ICICI Prudential, and ICICI Lombard were among key losers.
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