02/06/2026
*Financial News*
Source: Leading Newspapers
*Compiled by RUDRA SHARES*
Vande Mataram
*Tuesday, 02 June 2026*
**Banking, Finance & Insurance**
• RBI reviews expected credit loss (ECL) rules amid concerns over impact on SME credit costs
• ICICI Bank appoints former SEBI whole-time member Ashwani Bhatia as independent director
• Weak market returns push more investors to pause SIP investments
• MCX launches 'Silver 100' futures to open silver market to small investors
• FIIs net sell shares worth ₹3,912 crore, while DIIs net buy ₹5,109 crore on June 1
• Morgan Stanley acquires Capri Global shares worth ₹96 crore, sells Lloyds Metals stake valued at ₹161 crore
**Automobiles & EV**
• Tata Motors and Mahindra lead as EV sales surge 79%
• Passenger vehicle sales accelerate in May; Maruti Suzuki posts record monthly sales of 2,42,688 units
• Tata Motors commercial vehicle sales rise 17% to 32,850 units in May
• Toyota Kirloskar Motor reports 7% growth in May sales at 33,128 units
• Mahindra & Mahindra domestic tractor sales grow 23% to 47,845 units in May
• JSW MG Motor India sells 6,048 units in May
• Ola Electric reports 23% jump in May registrations on strong demand
• M&M shares fall despite strong sales as crude oil and monsoon concerns weigh
**Infrastructure, Capital Goods & Data Centres**
• Sterling & Wilson bets big on India's data centre boom
• Anant Raj to invest ₹20,000 crore in Haryana data centre expansion
• JLR to raise $2 billion five-year loan from global banks
• Tata Digital considers ₹7,000 crore fund infusion across businesses
**Pharmaceuticals & Healthcare**
• Delhi High Court allows Intas to sell cancer drug Bevatas, overturning earlier order favouring Sun Pharma
**Energy, Oil & Utilities**
• Assam eyes greater role in India's energy growth after CM meets Petroleum Minister
• OMCs stare at large losses despite recent fuel price hikes
**Renewable Energy**
• Suzlon Group appoints Ashok Ramchandran as President of India business
**Information Technology & Digital**
• IT stocks rally on AI deal momentum and attractive valuations
• Persistent Systems gains after expanding Eastern European presence
• AI capex peaking could revive interest in India, says Browning
• AI token usage likely to become a key enterprise budgeting metric next year, says Happiest Minds CEO
• Anthropic's IPO advantage may widen lead over OpenAI
**Textiles & Apparel**
• Indo Count, Gokaldas Exports and other textile stocks rise after government removes cotton import duty for five months
**Consumer & FMCG**
• Coca-Cola explores India IPO for bottling arm amid intensifying competition from Campa Cola
**Economy & Policy**
• India achieves FY26 fiscal deficit target of 4.4% of GDP despite revenue and global challenges
• Manufacturing activity touches a three-month high in May despite cost pressures
• GST collections rise 3.2% to ₹1.94 lakh crore in May, aided by import-related revenues
• India and the US work to finalize remaining details of bilateral trade pact
• Trump cuts industrial equipment tariffs to 15% for select countries
• South Korea overtakes India in global market capitalization rankings after Taiwan
**Commodities**
• Gold stood at ₹1,54,908 per 10 grams (spot) on June 1
• Silver stood at ₹2,63,458 per kg (spot) on June 1
• Oil rises to $95 per barrel amid conflicting Iran war signals
• Gold remains under pressure amid uncertainty over US-Iran negotiations
**Politics**
• Mamata Banerjee alleges an organized attempt to weaken TMC, calls for dharna
• West Bengal cabinet expanded; 35 MLAs take oath as ministers
• Trinamool Congress expels two MLAs for anti-party activities
• Adhir Ranjan Chowdhury criticizes TMC governance
• BJP rules out leadership change in Arunachal Pradesh
*Jai Hind*
*Rudra Hai to Mudra Hai*
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