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Indian Sector Specific News:

A) BFSI: 

1) TRAI to Shift BFSI Calls to 1600-Series to Fight Spam

  • TRAI will mandate all banks, financial services, and insurance companies to use a dedicated ‘1600-series’ for transactional and service calls in phases, aiming to reduce spam calls.
  • The decision was made in a meeting with RBI, SEBI, IRDAI, PFRDA, MeitY, DoT, MHA, and NPCI, with discussions also on tackling cyber fraud and misuse of telecom lines.
  • Source: New Indian Express
2) PSBs Plan to Disinvest Insurance Units as 100% FDI Opens Sector
  • State-run banks like SBI, Canara Bank, and PNB plan IPOs and stake sales in insurance subsidiaries, expecting higher valuations after the Centre’s move to allow 100% foreign investment in the sector.
  • The Insurance Amendment Bill, set for the ongoing session, also proposes composite licenses, simplified FDI rules, and permits foreigners as key managerial personnel in Indian insurance firms.
  • Source: Economic Times
3) REITs and InvITs May Soon Be Treated as Equity
  • The Finance Ministry supports classifying REITs and InvITs as equity, which SEBI may approve in its next board meeting, allowing mutual funds to invest more in them and giving retail investors better access.
  • SEBI may also raise mutual funds’ investment cap in REITs and InvITs from 10% to 20% of a scheme’s value.
  • Source: Moneycontrol

B) Energy:

1) Oil Prices Drop as US-EU Tariff Tensions Grow

  • Brent crude fell to $68.72 a barrel as fears of a US-EU trade war, with looming August 1 tariff threats, raised concerns about slowing fuel demand.
  • US crude also dipped, with West Texas Intermediate at $66.60 a barrel, as trade uncertainty outweighed support from a weaker dollar and low distillate stocks.
  • Source: Economic Times
2) India Defends Russian Oil Imports Amid Western Criticism
  • India stressed that energy security is its top priority and warned against Western “double standards,” as EU sanctions and US tariff threats target nations importing Russian oil.
  • Foreign Secretary Vikram Misri said global energy issues shouldn’t be seen only from Europe’s perspective, as new EU rules may hurt India’s oil exports worth $5 billion.
  • Source: The Economic Times
3) India Revises FGD Rules to Cut Power Costs and Balance Environment Goals
  • India exempted most coal plants from installing costly Flue Gas Desulphurisation (FGD) units after studies showed emissions from low-sulphur Indian coal can meet air quality standards by following chimney height norms.
  • The change prevents higher electricity costs (30 paise/unit) and extra carbon emissions, as only plants using high-sulphur coal (mainly in the Northeast) must install FGD systems.
  • Source: ETEnergyWorld

C) Agriculture:

1) India Boosts Agricultural Research and Trade via BRICS Collaboration

  • India, through ICAR and the BRICS Agricultural Research Platform, is working with BRICS nations on climate-resilient farming, crop diversification, and a new soybean research pact with Brazil’s EMBRAPA.
  • The government is also promoting agri-exports by improving cold chains, packaging, and certifications while showcasing Indian produce at global trade events like Gulfood and BIOFACH.
  • Source: Press Information Bureau (PIB)
2) India’s Strategy to Double Farmers’ Income
  • The government is aiming to double farmers’ income by boosting crop and livestock productivity, ensuring fair prices, promoting high-value crops, cutting costs, and supporting non-farm job shifts, with budget allocation rising to ₹1.27 lakh crore in 2025-26.
  • Support measures include MSP-based price support schemes (PM-AASHA), precision farming, digital agriculture (Agristack, AI/ML tools), cold chain infrastructure, and subsidies for horticulture and export-linked projects.
  • Source: Press Information Bureau (PIB)

D) FMCG:

1) FMCG Firms Slash Senior Roles, Focus on Entry-Level Hiring

  • Major FMCG players like HUL, Dabur, and GCPL cut senior roles by 32% and reduced overall headcount by 9.26% in FY25, citing weak urban demand, automation, and cost efficiency.
  • While permanent employee numbers dropped at HUL (−8.46%) and GCPL (−13.2%), entry-level hiring rose 6% in six months, with demand for digital, e-commerce, and niche roles like sustainability experts.
  • Source: StoryBoard18

Indian Economy and Government Initiatives:

  • Labour Minister Mansukh Mandaviya said the government will use internships to spread top companies’ work culture to smaller firms, boosting jobs and creating globally competitive workplaces.
  • The BioE3 Policy aims to make India a global biomanufacturing hub by supporting carbon capture, climate-resilient agriculture, smart proteins, and biotech startups, while creating jobs and boosting the bioeconomy.

Indian Stock Market Update:

  • Sensex surged 540 points to 82,726.64 and Nifty gained 159 points to close at 25,219.90, driven by auto, metals, oil & gas, pharma, private and PSU banks, which rose 0.5–1%.
  • Top Nifty gainers: Tata Motors, Shriram Finance, Bharti Airtel, Apollo Hospitals, and Bajaj Finance; Losers included Tata Consumer, HUL, BEL, UltraTech Cement, and Grasim.
  • Realty index fell 2.6%, media dropped 1%, and FMCG was down 0.5%, while BSE Midcap rose 0.24% and Smallcap ended flat.




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