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📰 India Business Brief: Top Headlines for July 01, 2025

Published: 2025-07-01 08:30 IST | Category: Markets | Author: Abhi

Economic Times

  • A wide range of new rules are set to take effect starting July 1, 2025, impacting sectors such as rail transport, taxation, and banking. These changes include mandatory Aadhaar for PAN applications, revised credit card rules by SBI Card, new charges on digital spends by HDFC Bank, and updated ATM fees from ICICI Bank.
  • Indian Railways will implement a marginal hike in passenger fares across select classes from July 1, 2025, with non-AC classes increasing by 1 paise per kilometer and AC classes by 2 paise per kilometer.
  • The Reserve Bank of India's financial stability report indicates that while Non-Performing Assets (NPAs) pose a risk, Indian banks remain healthy enough.
  • Discussions are underway for a potential US-India trade deal, expected "very soon," as former President Trump plans tariff talks.
  • External Affairs Minister Dr. S Jaishankar is scheduled to visit the United States from June 30 to July 2, 2025, to attend the Quad Foreign Ministers' meeting.
  • India has extended import curbs on low-ash metallurgical coke until December 31.

Mint

  • The stock market on Tuesday, July 1, 2025, is set for a trade setup for the Nifty 50 in relation to global markets, with a focus on eight recommended stocks for buying or selling.
  • Market experts suggest that a sustained move above 25,700 could reignite bullish momentum for the Nifty, with resistance at 25,600 and 25,800. Mirae Asset Sharekhan has recommended Tech Mahindra and Trent as top stock picks for the day.
  • The government has announced the interest rates for Public Provident Fund (PPF) and National Savings Certificate (NSC) for the second quarter of FY26.
  • GST has completed eight years, with stakeholders largely viewing it as beneficial for both the government and businesses.
  • The Reserve Bank of India has issued a warning regarding potential financial market shocks.
  • Filatex Fashions shares are expected to be in focus as a penny stock, following the company's growth update for FY2024-25.
  • German Green, Silverton Industries, and Juniper Green Energy have filed Draft Red Herring Prospectuses (DRHPs) for their Initial Public Offerings (IPOs).

Business Standard

  • As of July 1, 2025, the stock market's live updates indicate that GIFT Nifty has risen, while Asian markets show mixed trends, and the India and China June manufacturing PMI are being closely watched. Foreign institutional investors (FIIs) net sold shares worth ₹787.62 crore, while domestic institutional investors (DIIs) net bought shares worth ₹3,383.01 crore on June 30.

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