📰 India Business Brief: Top Headlines for July 02, 2025

Economic Times

• HDB Financial Services' IPO is scheduled to list on both the BSE and NSE on Wednesday, July 2, 2025.
• Indian stocks face a risk of overvaluation amidst a low-growth environment, as warned by the Reserve Bank of India (RBI).
• India's economic growth engine experienced a slowdown in June, though a rebound is anticipated soon.
• The government is exploring unlocking value from bank-owned subsidiaries through Initial Public Offerings (IPOs).
• Former US President Donald Trump has made statements regarding tariffs, placing the onus on India to respond in trade negotiations.
• Following a factory blast in Telangana, the management of Sigachi Industries has been booked for culpable homicide.
• Mahindra Group CEO Anish Shah stated that India is well-positioned to become a global manufacturing powerhouse.
• Torrent Pharmaceuticals is reportedly in advanced discussions with KKR to acquire JB Chemicals and Pharmaceuticals.

Mint

• The HDB Financial Services IPO allotment was announced on July 2, 2025.
• Market expectations for July 2, 2025, indicate what to anticipate for the Nifty 50 and Sensex.
• Donald Trump indicated that the US is "going to have a deal" with India, potentially involving "much less" tariffs.
• Prime Minister Modi's longest foreign tour in a decade commenced on July 2, 2025.
• Quad ministers collectively condemned the recent Pahalgam attack.
• Several stocks, including Blue Star, CESC, and DXC India, were recommended for buying on July 2, 2025.
• Details on personal loan interest rates from major banks for July 2025 have been released.

Business Standard

• Stock Market LIVE updates for July 2, 2025, showed GIFT Nifty trading higher, with mixed Asian markets, and the Crizac IPO opening for subscription. Foreign institutional investors (FIIs) net sold shares worth ₹1,970.03 crore, while domestic institutional investors (DIIs) net bought shares worth ₹725.60 crore on July 1.
• Saraswat Bank has approached the RBI with a proposal to acquire New India Cooperative Bank.
• The gross Non-Performing Asset (NPA) ratio for Indian scheduled commercial banks reached a 15-year low.
• Maruti Suzuki India reported a 6% decline in its total sales for June.
• The QUAD condemned the Pahalgam attack.
• A Niti Aayog paper concerning a potential India-US trade deal was taken offline.

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