📰 India Business Brief: Top Headlines for July 03, 2026

Business Standard

• Adani Ports and Special Economic Zone (APSEZ) has signed a definitive agreement with Terminal Investment Limited (TiL), an arm of the Mediterranean Shipping Company (MSC), to sell a 49% stake in Adani Vizhinjam Port for approximately $1.4 billion.
• The Indian primary market is preparing for a historic second half of 2026, with a ₹4.7-trillion IPO pipeline that includes highly anticipated listings from the National Stock Exchange (NSE) and Reliance Jio.
• Tata Motors is aggressively expanding its electric vehicle manufacturing capacity and supplier network to meet surging demand ahead of the Sierra EV launch.
• The IT Ministry has issued formal notices to Telegram and Signal regarding their "username" features, citing potential fraud risks similar to those previously raised with WhatsApp.
• Kotak Mahindra Bank has reached an agreement to acquire Deutsche Bank’s retail, affluent private banking, and wealth management businesses in India for ₹282.7 crore.

Economic Times

• Danish brewer Carlsberg has confidentially filed draft papers with the BSE for a $700 million initial public offering, aiming to capitalize on India’s expanding beer market.
• IIFL Finance successfully raised $300 million through four-year dollar bonds at a pricing of 7.60%, marking strong demand from international investors despite global volatility.
• HDFC Bank has officially launched its proprietary AI platform and advanced fraud monitoring system to enhance digital security and operational efficiency.
• SBI Mutual Fund is reportedly planning to launch a $1.2 billion IPO on July 13, which would be one of the largest asset management listings in the country.
• Indian sovereign bonds have seen a surge in demand as traders anticipate inclusion in global indices and find relief in oil-led inflation cooling.

Mint

• The Nifty IT index emerged as the standout performer in the previous session, surging 4.64% led by heavyweights Infosys and Tata Consultancy Services (TCS).
• RBI Governor Sanjay Malhotra stated that the central bank remains in a "wait-and-watch" mode regarding interest rates, emphasizing data dependency even as West Asian geopolitical risks show signs of easing.
• India is significantly increasing the use of domestic coal at power plants that were previously reliant on imports, a strategic move aimed at reducing high overseas procurement costs.
• Market analysts noted that the Nifty 50 has broken out of its prolonged consolidation range, closing at 24,175.70 and signaling a potential fresh directional move toward new highs by year-end.
• Qualcomm has forecasted $15 billion in data center chip sales by 2029, a projection that has positively influenced sentiment across the broader Indian technology and semiconductor-linked stocks.

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