Economic Times

• Donald Trump stated that the US is "very close" to a trade deal with India.
• Indian electronics firms are reportedly looking to move away from Chinese deals.
• Amidst tariff uncertainties, India is exploring new trade routes and reform roadmaps.
• Adani has submitted an unconditional bid for Jaiprakash Associates.
• Global major investors are lining up for CDPQ's India InvIT.
• India's anti-obesity drug market is intensifying, with Mounjaro rapidly gaining sales and Wegovy joining the competition.
• The Finance Ministry reported that private consumption's share in India's GDP reached a two-decade high.
• Fintech companies have been urged to establish robust safeguards against hacking.
• The government has instructed Public Sector Banks (PSBs) to clear education loan applications within 15 days and streamline approval processes.
• Air India clarified that the ₹1 crore ex-gratia payout to AI-171 crash victims' families is an interim amount, with final compensation pending investigation.
• Tesla's stock saw a 7% decline after Elon Musk unveiled his 'America Party,' raising investor concerns.

Business Standard

• The Centre has received proposals worth ₹8,000 crore for a components scheme aimed at boosting electronics manufacturing.
• The Defence Secretary expressed readiness to ease entry barriers for private firms interested in the Advanced Medium Combat Aircraft (AMCA) project.
• "Corporate 'fraud accounts'" are posing significant challenges for the banking system.
• Lenders have asked bidders to sweeten their offers for the debt-laden Jaiprakash Associates.
• Jane Street is preparing to challenge SEBI's market manipulation charges.
• The Stock Market LIVE feed indicated that GIFT Nifty was trading flat amid mixed Asian markets, following Trump's announcement of tariffs on 14 countries.
• The Indian stock market is anticipated to remain range-bound with a negative bias due to fresh updates on trade tariffs affecting investor sentiment.
• Gold prices closed Monday's trading session flat, as safe-haven buying, influenced by new tariffs on Asian and African countries, offset a strong US dollar.
• Several IPOs are active today: Travel Food Services IPO entered its second day of subscription, Meta Infotech IPO closed for subscription, while Smarten Power Systems IPO and Chemkart India IPO entered their second day. GLEN Industries IPO also opened for subscription.
• B&K Securities initiated coverage of Dixon Technologies with a 'buy' rating and a target price of Rs 18946.

Mint

• Donald Trump stated that the US is "close to a trade deal with India" even as he announced new tariffs on 14 countries.
• Nikkei and Hang Seng futures saw gains following Trump's tariff announcement.
• A SEBI study revealed that 91% of individual traders incurred losses in the equity derivatives segment.
• The Indian stock market experienced an overnight shift in 8 key areas as of July 8.
• The Nifty 50 and Sensex are expected to react to Trump's tariff announcement, with the Nifty 50 finding support between 25,330 and 25,180.
• Indian equities ended flat in a subdued session, as investors evaluated comments from the US Treasury Secretary regarding tariffs effective August 1 for countries without finalized trade deals.
• Capgemini is set to acquire WNS for $3.3 billion, marking a significant deal in the Business Process Management (BPM) industry.
• A SEBI study indicated that net losses for individual traders in the F&O segment expanded by 41% to ₹1.06 lakh crore in FY25.

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