Economic Times

• Reliance Industries (RIL) is reportedly set to undergo a major restructuring, with significant plans for its Fast-Moving Consumer Goods (FMCG) arm ahead of a potential mega IPO.
• The Reserve Bank of India (RBI)'s concerns regarding trust are reportedly stalling wealth transfer plans for affluent Indian families.
• Visa and Mastercard are actively working to address a $253 billion threat as cryptocurrencies continue to redefine rules in the routing game.
• The Adani Group has announced plans to invest $100 billion over the next five years in the clean energy sector.
• Startups are aiming to raise over ₹18,000 crore in what is being termed a "D-Street dhamaka."
• In the automotive sector, Hyundai Motor India recorded total sales of 60,924 units in June 2025, with SUVs contributing 67.6% to domestic sales.
• Maruti Suzuki India's total sales declined by 6.27% to 167,993 units in June 2025 compared to the previous year, while production fell by 4.17%.
• The Economic Times also highlighted that lenders are prohibited from levying pre-payment charges on floating rate loans and advances granted for business purposes to individuals and Micro and Small Enterprises (MSEs), effective January 1, 2026.
• SBI has classified Reliance Communications' (RCom) loan account as fraud, citing fund diversion and misuse of invoices.

Business Standard

• The Indian stock market is anticipated to have a muted start on Thursday, July 3, 2025, with GIFT Nifty futures trading slightly higher.
• Foreign Institutional Investors (FIIs) were net sellers of shares worth ₹1,970.03 crore, while Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹2,763.07 crore on July 2.
• Investment bankers saw an increase in equity capital market (ECM) fees in the first half of 2025, rising by 3.4% to an estimated $273 million, despite a dip in overall mop-up.
• State-owned Indian Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) for one-year maturity by 5 basis points (bps) to 9%, effective July 3.
• The Securities Appellate Tribunal (SAT) has directed OPG Securities to deposit ₹2.5 crore, while temporarily halting the recovery of a total disgorgement amount of ₹85.25 crore ordered by SEBI.
• Stocks to watch today include PNB, Indian Bank, PVR, Tata Power, Motilal Oswal, Hindustan Zinc, Escorts Kubota, Voltas, and Max Financials, with Indogulf Cropsciences also set for listing.

Mint

• The Nifty-50 Index closed 0.35% lower at 25,453.40 on Wednesday, influenced by weak global cues and concerns over US trade policies.
• Experts suggest that weak sentiment is likely to persist as long as the Nifty trades below 25,500, with potential retesting of 25,300 and 25,225 levels.
• The Bank Nifty declined by 0.80% to end at 56,999.20.
• Despite overall market pressure, sectors such as metals, pharma, and auto were among the key gainers.
• Mint also provided specific stock recommendations for buying or selling, including Tata Steel Ltd., Aurobindo Pharma Ltd., HBL Engineering Ltd., Inox Green Energy Services Ltd., and Can Fin Homes Ltd.
• V-Mart Retail reported a slower start to FY26 based on its latest business update.
• New SBI credit card guidelines are set to become effective on July 15.

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