🗞️ Daily Business Brief – june 29, 2026
- US-Iran Talks The US and Iran are set to hold fresh talks in Doha on Tuesday after Iran requested a meeting, according to US President Donald Trump.
- US Consumer Confidence June Consumer Confidence Index will be released at 7:30 PM IST, a key indicator for consumer spending and market sentiment.
- Delhi EV Policy New EV policy is expected to benefit TVS Motor, Bajaj Auto, Ather Energy, Servotech Renewable Power System and the electric mobility ecosystem.
- India Industrial Output May IIP grew 5.1% YoY, led by manufacturing (+5.5%) and electricity (+9.9%), while mining contracted 1.6%.
- HDFC Bank Former Axis Bank CFO Puneet Sharma is likely to become the bank’s next CFO, while Rajiv Kumar has been appointed Non-Executive Chairman for three years.
- Sterling & Wilson Renewable Energy JV secured a US$560 million LoA for the West Minya Solar Project in Egypt, strengthening its global renewable energy portfolio.
- Bandhan Bank CFO Rajeev Mantri has resigned from his position with effect from June 29, 2026.
- YES Bank Board approved fundraising of up to ₹16,000 crore, including ₹7,500 crore through equity and ₹8,500 crore via debt securities.
- RITES Signed an MoU with CONCOR to jointly provide project management consultancy services for logistics infrastructure projects.
- Jagsonpal Pharmaceuticals To acquire an 85% stake in Aequitas Healthcare, strengthening its domestic pharmaceutical business.
- Juniper Hotels CFO Tarun Jaitly has resigned and will step down effective July 15, 2026.
- SJVN Signed PPAs with GUVNL for 658 MW of hydro power projects in Himachal Pradesh.
- Fuel Sales Government to remove the 200-litre per person/vehicle cap on petrol and diesel purchases from July 1.
- NATO Urged European nations to increase investments in drones, AI-enabled warfare and stronger air defence systems.
- GIFT Nifty Achieved record open interest of US$21.56 billion and 4,46,150 contracts on June 25.
- BPCL To acquire a 40% stake in the Tiki Tar-Shell India JV for ₹85 crore, expanding its bitumen business.
- Zydus Life Extended the closing date for Sterling Bio API business acquisition to September 30, 2026.
- E-Commerce Exports India’s e-commerce exports are expected to grow by another US$10 billion over the next 2–3 years.
- Weak Monsoon Risk Experts warn that weak monsoon conditions and El Niño could impact industrial growth in the coming months.
- PSU Banks Canara Bank, Bank of Baroda and Indian Bank paid a combined dividend of ₹7,023 crore to the Government for FY26.
- Qatar Advisory Qatar temporarily suspended all maritime activities until further notice.
- Russian Crude India’s imports of Russian crude are expected to hit a record high amid continued discounted purchases.
- Samvardhana Motherson Delayed the HR Dhauliganga captive power stake acquisition closing to Q4 FY27.
- Energy Recovery Announced five new wastewater treatment projects across India’s textile, steel, petrochemical and solar industries.
- Power Sector India achieved a record peak electricity demand of 271 GW without any blackout.
- British American Tobacco Plans to cut 9,000 jobs while increasing AI adoption across operations.
- Green Steel Government is preparing a ₹5,000 crore incentive scheme to accelerate low-carbon steel production.
- Operation Amistad Indian Army’s field hospital has begun 24×7 free medical services in earthquake-hit Venezuela.
- Delhi EV Policy Only electric autos will be registered from January 1 next year, while new electric two-wheelers become mandatory from April 1, 2028.
- Mazagon Dock ₹80,000 crore India-Germany submarine project is nearing Cabinet approval, strengthening the long-term defence shipbuilding pipeline.
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