๐ฐ India Business Brief: Top Headlines for July 04, 2025
Published: 2025-07-04 20:57 IST | Category: Markets | Author: Abhi
Business Standard
- The banking system's liquidity surplus reached โน4.04 trillion on Thursday, marking the highest level since May 19, 2022, primarily due to increased government spending and a record surplus transfer by the central bank.
- SEBI has barred US trading firm Jane Street from Indian markets, pending the return of alleged unlawful gains amounting to โน4,840 crore, and has updated key regulatory policy norms for transporting natural gas.
- The services sector in India ended the first quarter of FY26 on a strong note, with output and new order intakes rising at their fastest rates since August 2024, supported by robust international sales and job creation.
- Adani Group has emerged as the frontrunner to acquire Jaiprakash Associates Ltd (JAL) with a bid of up to โน12,500 crore.
- Electric motorcycle startup Matter Motor Works is actively exploring alternatives for rare earth magnets as existing stocks are projected to last only three to four months.
- The Indian National Space Promotion and Authorization Centre (IN-SPACE) facilitated the transfer of ten advanced technologies developed by ISRO to six Indian industries.
- India has proposed retaliatory duties against the US over auto tariffs at the WTO.
- The Supreme Court has declined to quash an FIR against HDFC Bank MD Sashidhar Jagdishan.
- India's fintech sector ranks third globally in funding rounds for the first half of 2025.
Economic Times
- The Sensex snapped a two-day losing streak, closing 193 points higher at 83,432.89, while the Nifty gained 55.7 points to settle at 25,461 on July 4, 2025.
- Investor caution persisted due to uncertainty over an India-U.S. trade deal and the looming July 9 deadline for potential US tariffs.
- Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, and UltraTech Cement were among the top gainers, while Trent saw a significant drop of 11.37%.
- Suzlon Energy received 'no adverse observations' from NSE and BSE, clearing the way for its merger with wholly-owned unit Suzlon Global Services Ltd.
- Godrej Consumer expects strong double-digit revenue growth in Q1.
- J.P. Morgan economists suggest that despite abundant liquidity in India's banking system, a significant increase in credit growth remains unlikely.
- The Rupee ended the week little changed, with traders focusing on the upcoming tariff deadline.
- The realty and oil & gas sectors showed strong performance.
- Former Niti Aayog CEO Amitabh Kant has been appointed as a Non-Executive Director to IndiGo's board.
- Patanjali Ayurved has been restrained by the Delhi High Court from airing television advertisements that disparage Dabur India's Chyawanprash products.
- India may permit imports of certain processed, genetically modified US farm products as part of efforts to finalize a trade deal with Washington.
- JSW Group has secured โน9,300 crore in financing for its acquisition of Akzo Nobel.
- UBS has initiated coverage on PNB Housing Finance with a 'Buy' rating, anticipating a potential 17% upside.
- Sundaram Home Finance is expanding its operations in Madhya Pradesh by inaugurating new branches.
Mint
- InCred Equities released its high-conviction stock ideas for July, recommending nine largecap stocks including HDFC Bank, TCS, Bajaj Finance, Maruti Suzuki, Axis Bank, NTPC, Bajaj Auto, Shriram Finance, and Lupin.
- The brokerage noted weak industrial production growth, credit growth, and investments, but highlighted above-normal monsoon rainfall in June 2025 as a key positive, covering the entire country nine days ahead of schedule.
- PNB reduced its MCLR by 5 basis points across various loan tenures.
- Bank of Baroda (BOB) has waived off minimum account balance charges on savings bank accounts.
- Experts recommended specific stocks under โน100 for intraday trading, including Lloyds Engineering Works, ESAF Small Finance Bank, and Motherson Sumi Wiring India.
- The Sensex and Nifty 50 closed with mild gains despite market volatility, with the Nifty reclaiming the 25,400 level.
TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News
Tags: Headlines Business News Economic Times Business Standard Mint Top News