Indian Sector Specific News:
A) BFSI:
1) IndiGo’s Insurance Premium to Increase
- IndiGo Airlines will likely pay a little more (single-digit percentage) for its insurance this year because global insurers are charging higher rates after a recent Air India crash.
- The airline’s massive $20 billion fleet is insured globally, and rising reinsurance costs in London are pushing up premiums for hull and liability coverage.
- Source: Economic Times
2) The Wealth Company Plans 4 New Mutual Fund Schemes
- The Wealth Company, a new mutual fund player, has filed for four schemes with SEBI, including flexi cap, arbitrage, thematic, and fixed income funds.
- Led by MD & CEO Madhu Lunawat, the company aims to make wealth creation accessible for all investors, not just big-ticket ones.
- Source: Cafemutual
3) KRT Receives SEBI Approval for ₹4,800 Crore REIT IPO
- Knowledge Realty Trust (KRT), backed by Sattva Group and Blackstone, has received SEBI’s approval to launch its ₹4,800 crore REIT public offering.
- The IPO will help monetize 30 prime office properties across major cities, following ₹1,400 crore already raised from investors last month.
- Source: TOI
B) Automobile:
1) VinFast Opens First Showroom in India, Plans 35 Dealerships by Year-End
- Vietnamese EV maker VinFast has opened its first Indian showroom in Surat, Gujarat, and plans to expand to 35 dealerships across 27+ cities by the end of 2025.
- Its VF 6 and VF 7 electric SUVs will be assembled locally at a new factory in Thoothukudi, Tamil Nadu, as part of its long-term commitment to India.
- Source: moneycontrol
C) Pharma:
1) India’s Pharma Exports Projected to Double to $65 Billion by 2030
- Despite US tariff threats, India’s pharma exports are expected to grow from $30.5 billion in FY25 to $65 billion by 2030, driven by complex generics, advanced therapeutics, and global acquisitions.
- Improved regulatory compliance and patent expirations will further boost Indian drugmakers’ share in key markets like the US and Europe.
- Source: Financial Express
D) Telecommunication:
1) Centre to Install 400 BSNL Towers in Remote, Naxal-Hit Areas of Chhattisgarh
- The central government will set up 400 BSNL towers in remote and Naxal-affected areas of Chhattisgarh to boost digital connectivity.
- The project will be executed in phases after approvals, aiming to provide 4G services and improve access in tribal and underserved regions.
- Source: NewsONair
E) Agriculture:
1) Union Agriculture Minister Reviews Development Work in Vidisha and Raisen
- Shri Shivraj Singh Chouhan chaired a DISHA meeting in Raisen, directing strict action against fake fertiliser sellers and emphasizing timely PM Awas Yojana installments, rural connectivity, and women empowerment through 43,613 Lakhpati Didis.
- He instructed officials to inspect crops, educate farmers on banned pesticides, speed up water and energy projects, and ensure every village connects to main roads for improved access.
- Source: PIB
2) NISAR Satellite Launch on July 30 to Boost Indo-US Space Collaboration
- The NASA-ISRO Synthetic Aperture Radar (NISAR) mission, launching on July 30 from Sriharikota, will provide vital global data on disasters, agriculture, and climate, marking a milestone in Indo-US scientific cooperation.
- Weighing 2,392 kg, the satellite will orbit Earth every 12 days, with freely accessible data to support research, disaster management, and sustainable development worldwide.
- Source: PIB
3) Agriculture NPAs Remain High Amid Loan Saturation Worries
- Bad loans in the agriculture sector remain elevated, with PSBs reporting NPAs of 5% or more—some nearing double digits—in April-June FY26, raising concerns over loan saturation.
- RBI data shows agriculture had the highest gross NPA ratio at 6.2% as of September 2024, with many banks still pushing farm loans to meet priority-sector lending norms.
- Source: Business Standard
F) Energy:
1) Oil Majors Retreat from Renewables, Refocus on Profitable Fossil Fuels
- Giants like BP, Shell, and Equinor are scaling back large renewable projects due to low returns, policy uncertainty, and stronger profits from oil and gas, despite earlier net-zero commitments.
- These firms are exiting climate frameworks like SBTi, shifting toward selective low-carbon plays such as carbon capture, hydrogen, and biofuels while prioritizing shareholder returns.
- Source: Saurenergy
Indian Economy and Government Initiatives:
- By July 20, 2025, 31,555 central government employees had opted for UPS, with 4,978 benefit claims processed out of 7,253 received, ahead of the September 30 deadline.
- Finance Minister Nirmala Sitharaman said India’s economic growth remains the top policy priority, with public capital expenditure serving as the main growth engine alongside job creation. She also emphasized attracting foreign investments through a favourable FDI policy and competitive state-level initiatives.
- Ajay Khanna: Building a $5-trillion economy requires a new trust-based partnership where government and industry co-create practical, transparent, and inclusive policies from the design stage.
Indian Stock Market Update:
- On July 28, the Sensex fell 572 points to 80,891, while the Nifty dropped 156 points to 24,681, with all sectoral indices ending in red except pharma.
- Realty, media, and capital goods sectors led the declines, while Shriram Finance, Cipla, and Hero MotoCorp were among top gainers on the Nifty.
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