- India, New Zealand adopt Strategic Partnership Roadmap to 2030 with trade target of NZ$7 billion
- India and New Zealand established a Strategic Partnership, aiming for enhanced cooperation. They adopted a 2030 roadmap to guide joint actions over the next four years. Both nations agreed to double bilateral trade to NZD 7 billion by 2030. The leaders welcomed the signing of a comprehensive Free Trade Agreement. Cooperation will expand across trade, agriculture, and innovation sectors.
- Forex reserves rise $7.3 billion as FCNR & ECB flows pick up
- The country’s stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from the Reserve Bank of India (RBI) showed. Of the total reserves, foreign currency assets increased $4.5 billion to $545.5 billion, while gold reserves increased $2.6 billion to $105.2 billion during the week.
- E20 fuel may lead to 3-5% mileage hit in ‘some’ vehicles, Govt. admits as it defends blending
- However, the government added that E20 fuel has a higher-octane rating, and provides several other vehicular and emission-related advantages over unblended fuel.
- SBI Funds raises Rs 1,655 crore in a pre-IPO placement
- SBI Funds Management secured ₹1,655 crore from investors before its IPO. This pre-IPO share sale occurred ahead of the company’s upcoming public offering. The asset manager’s ₹11,693 crore IPO is the largest public issue scheduled for 2026. PI Opportunities Fund-II and Enam’s Akash Manek Bhanshali were among the significant investors. The transaction involved selling a 1.42% stake at ₹574 per share.
- Groww faces technical glitch, client withdrawals hit
- Groww experienced a temporary disruption affecting client fund withdrawals on Friday. This incident was attributed to an issue with its cloud service provider, Google Cloud Platform. Some users also reported difficulties depositing money into their accounts. The brokerage stated the problem was promptly resolved before market closing. Customers could then access their funds after the disruption ended.
- E20 petrol: Centre says 3-5% mileage drop possible, rejects engine damage claims
- The government defends its ethanol-blending programme, assuring motorists that the fuel is safe for vehicles and does not cause engine damage or significant performance issues.
- India assures six medals in U-23 men’s category at Asian boxing championships
- Leading the charge, Asian Champion Vishvanath (50kg) continued his dominant run with a convincing 5:0 win over Saudi Arabia’s Ibrahim Aljohani. Ganga (55kg)
