▶️ Services Growth Slows: India’s services PMI fell to a 17-month low of 57.4 in June as domestic demand softened, though export orders remained resilient.
▶️ Defence Boost: The Defence Acquisition Council cleared ₹52,000 crore worth of defence purchases, strengthening India’s drone and air defence capabilities.
▶️ Forex Reserves Decline: India’s forex reserves dropped $5.65 billion to $666.93 billion in the week ended June 26.
▶️ Coal Power at 19-Month High: Coal-fired electricity generation surged to its highest level since November 2023, driven by strong power demand in June.
▶️ Gold Monetisation Revival: The Centre is exploring a revamped Gold Monetisation Scheme by involving jewellers to unlock idle household gold.
▶️ JSW Steel Expands Green Capacity: JSW Steel has begun work on its ₹16,350 crore low-carbon steel project in Andhra Pradesh.
▶️ IPO Pipeline Grows: Moneyview and Chandan Steel have received SEBI approval to raise funds through initial public offerings.
▶️ Tata Power Adds Wind Capacity: Tata Power Renewable Energy commissioned its 100.8 MW Jewali Wind Project in Maharashtra, expanding its clean energy portfolio.
