Daily News Wrap – BILKULBAZAAR

July 1, 2026 Bilkul Bazaar

Daily Wrap | Bilkul Bazaar | 01 July 2026
9:00 PM | 30 June – 01 July 2026

Top Business National News Updates

1. GST Collections Rise Nearly 14% in June

India’s gross GST collections touched ₹1.94 lakh crore in June, registering a robust year-on-year growth of nearly 14%, indicating healthy economic activity and improved tax compliance.

2. Commercial LPG Prices Slashed

Oil marketing companies reduced the price of 19-kg commercial LPG cylinders by ₹183.50, offering relief to restaurants, hotels and small businesses from July 1.

3. Aviation Sector Gets Cost Relief

Along with the LPG price cut, Aviation Turbine Fuel (ATF) prices were also reduced, which could help airlines lower operating costs and improve margins.

4. RBI’s Forward Dollar Position Hits Record

The Reserve Bank of India’s net short forward dollar position has reached a record level as it continues to manage volatility in the rupee amid global market uncertainties.

5. Udaan Raises Fresh Capital Ahead of IPO

B2B e-commerce platform Udaan has secured $340 million in fresh funding as the company strengthens its balance sheet ahead of a planned initial public offering (IPO).

6. AI Startup Attracts Fresh Investment

An emerging artificial intelligence startup has raised $41 million to expand its operations in India, reflecting continued investor interest in the country’s AI ecosystem.

7. Government Plans Strategic LPG Storage Expansion

The Centre is working on building a 30-day commercial LPG storage buffer to strengthen India’s energy security following recent geopolitical disruptions in West Asia.

8. IndiGo Launches New Budget Fare Category

IndiGo has introduced a lower-priced fare option without check-in baggage, offering passengers more flexible and affordable travel choices.

9. PM Calls for Faster Economic Reforms

Prime Minister Narendra Modi urged ministries to accelerate reforms, improve coordination and simplify regulations to enhance the ease of doing business in India.

10. Markets Eye Corporate Earnings Season

Investors are now focusing on the upcoming first-quarter earnings season, with banking, IT and FMCG companies expected to set the tone for market sentiment.

International Business Updates

1. Global Manufacturing Shows Resilience

Factory activity across major economies remained resilient in June despite higher input costs arising from recent geopolitical tensions.

2. Oil Prices Recover on Supply Concerns

Crude oil prices edged higher after renewed concerns over global supply and uncertainty surrounding geopolitical developments in West Asia.

3. US Manufacturing Activity Slows

Fresh data showed that manufacturing activity in the United States moderated in June, although inflationary pressures on producers remain elevated.

4. General Mills Beats Market Expectations

Food giant General Mills reported better-than-expected quarterly earnings, supported by resilient consumer demand and strategic pricing.

5. Eurozone Manufacturing Posts Strong Quarter

The eurozone manufacturing sector recorded its strongest quarterly performance since 2022, supported by improving industrial output and easing inflation.

📈 Market Watch

Key Focus: June GST collections, fuel price revisions and the upcoming corporate earnings season.
Sectors to Watch: Banking, Aviation, Oil & Gas, FMCG, E-commerce and Artificial Intelligence.
“Whenever you see a successful business, someone once made a courageous decision.” — Peter Drucker

“Whenever you see a successful business, someone once made a courageous decision.” — Peter Drucker

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