🗞️ Daily Business Brief – JULY 012, 2026
- India–EU Trade Commerce Minister Piyush Goyal will visit Belgium, Spain and Finland to participate in India-EU business forums and a high-level India-EU roundtable with industry leaders.
- India–Canada Trade India and Canada concluded the third round of negotiations for the proposed trade agreement, targeting bilateral trade of $50 billion by 2030.
- Crude Oil Oil-sensitive stocks including OMCs, ONGC, Oil India, paint and tyre companies will remain in focus amid reports of Iran again attempting to shut the Strait of Hormuz.
- HCL Technologies Q1FY27 earnings will be announced on Monday along with results from Bajaj Consumer, ICICI Prudential AMC and Nuvoco Vistas.
- HDFC Bank Seeks shareholder approval to raise up to ₹60,000 crore through AT-I, Tier-II and infrastructure bonds via private placement.
- JSW Energy Subsidiary JEPEL secured ₹443.74 crore orders from Bondada Renewable Energy for Battery Energy Storage Systems (BESS) and Power Conversion Systems.
- Power Grid Declared successful bidder for the Krishnagiri REZ Phase-I transmission project under the TBCB route.
- Sterlite Technologies Won a major European patent dispute after the EPO revoked Fujikura’s patent related to optical fibre technology.
- Pace Digitek Subsidiary Lineage Power signed an MoU with Bondada Renewable Energy to supply Battery Energy Storage Systems (BESS).
- NMDC Revised iron ore prices effective July 10, 2026.
- Keystone Realtors Q1FY27 pre-sales declined 42% YoY to ₹617 crore.
- Powerica Emerged as the successful bidder in GUVNL’s wind power auction for grid-connected projects.
- Fino Payments Bank June account openings increased 31% YoY, while loan referral disbursals more than tripled.
- NPPA Capped retail prices of 39 medicines, including drugs for hypertension, diabetes and heart disease.
- Swiggy Instamart FSSAI issued nine notices over alleged food safety violations, including complaints of expired and contaminated food products.
- China Temporarily banned helium exports amid renewed US-Iran tensions, potentially impacting semiconductor manufacturing.
- Adani Green Energy Q1 energy sales rose 30% YoY, supported by renewable capacity expansion to over 20 GW.
- Strait of Hormuz Maritime advisory confirmed the southern shipping route remained operational despite Iran’s closure announcement.
- HDFC Bank Workforce reduced by 3,343 employees during FY26 as automation initiatives gained pace.
- HDFC Bank Launched its in-house Generative AI platform ‘Neev’ to accelerate AI adoption across operations.
- Foreign Investors FPIs turned net buyers in July with ₹15,157 crore equity inflows and ₹9,853 crore invested in debt markets.
- US-Iran Conflict US CENTCOM completed another round of strikes targeting over 140 Iranian military installations while commercial shipping continues.
- Electronics Manufacturing Government and industry are working on strategies to achieve the ambitious $150 billion electronics exports target.
- ideaForge Technology Raised approximately ₹500 crore through a Qualified Institutional Placement (QIP).
- IREDA Declared loan accounts of Gensol Engineering and Gensol EV Lease, totaling over ₹672 crore, as fraud and reported the matter to RBI.
- Mankind Pharma Approved sale of Broadway Hospitality Services for ₹49 crore and plans to establish a Netherlands subsidiary with investment up to €5 million.
- RITES Secured a new order worth ₹79.22 crore.
- Mazagon Dock Shipbuilders Announced commissioning of INS Mahendragiri, the fourth indigenous Project-17A stealth frigate with nearly 75% indigenous content.
- Auto Industry Dealers launched a nationwide awareness campaign stating that E20 fuel is safe and has not resulted in engine damage complaints.
- Bank of America Expects RBI to keep rates unchanged for now and sees potential 50 bps rate hike from December.
- Foreign Fund Flows Report indicates nearly 60% of foreign inflows into India-focused funds since the 2024 peak have been withdrawn.
- Bullet Train Government announced plans for three bullet train corridors in Telangana, positioning Hyderabad as a high-speed rail hub.
- BRICS Transport ministers adopted a resolution focused on technology integration and connectivity.
- China Auto Industry Vehicle sales declined for the ninth consecutive month, although exports remained resilient.
- Tata Steel Dutch prosecutors summoned Tata Steel IJmuiden over alleged pollution from coke and gas plants.
- Gujarat Received ₹134.80 crore under the Centre’s Cotton Productivity Mission to support farmers.
- TCS Plans to deploy up to 8,900 AI engineers and is evaluating AI-focused acquisitions to strengthen its capabilities.
- US-Iran Tensions President Donald Trump warned of a large-scale military response if Iran acts on threats against the United States.
- Russia Sanctions US senators reached an agreement on advancing Russia sanctions legislation, increasing pressure on countries including India over Russian trade.
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