Finnovate Weekly Capsule (June 23 - June 27, 2025)

From India's booming current account surplus to IPO rushes and global financial shifts, this week’s roundup covers all the market-moving headlines you need to know. Let’s decode the economic, political, and investment signals that shaped June’s final week.

1. Q4FY25 Current Account Surplus at $13.5 Billion

Impact Analysis:

• The Q4 surplus helped bring FY25’s CAD down to $23.3 billion or 0.6% of GDP.
• Lower goods imports, stronger services exports, and robust remittances contributed to the positive balance.

2. Indo-US Trade Deal Faces Roadblock

Impact Analysis:

• US seeks better access for agriculture and services; India wants tariff rollbacks.
• A missed July 09 deadline could subject Indian exports to 26% tariffs.

3. Final US Q1 GDP Estimate Contracts Further to -0.5%

Impact Analysis:

• Worse than earlier estimates of -0.3% and -0.2%.
• Front-loaded imports to counter tariff impacts dragged GDP lower.

4. PCE Inflation Flat at 2.3% in May

Impact Analysis:

• Core PCE inflation stayed at 2.7%.
• Drop in personal income and outlays due to reduced government benefits and lower farm income.

5. HDB Financial IPO Closes with 17x Subscription

Impact Analysis:

• Received bids for 217.66 crore shares vs. 13.04 crore on offer.
• QIBs subscribed 55x, HNIs 9.98x, and retail 1.4x.
• IPO pricing disappointment created frustration among early investors.

6. JSW Group Acquires 75% in Akzo Nobel India

Impact Analysis:

• JSW will raise $468 million in loans to partially fund the $1.6 billion acquisition.
• Positions JSW strongly against paint market leaders like Asian Paints and Berger.

7. Torrent Pharma in Talks to Buy KKR Stake in JB Pharmachem

Impact Analysis:

• KKR’s stake valued at ₹13,400 crore at current market prices.
• Talks had stalled earlier due to valuation mismatch, now being revived.

8. BHEL Secures ₹6,500 Crore Contract from Adani Power

Impact Analysis:

• Covers supply and commissioning of six 800 MW thermal units.
• Includes steam turbine generators, auxiliaries, and on-site supervision.

9. Credila Files DRHP for ₹5,000 Crore IPO

Impact Analysis:

• Fresh issue: ₹3,000 crore; OFS: ₹2,000 crore by BPEA and HDFC Bank.
• May also raise ₹600 crore via pre-IPO funding.
• Focused on the education finance segment.

10. Indian Imports of Russian Crude at 2-Year High

Impact Analysis:

• June imports may have hit 2.13 million bpd.
• Offers strategic buffer amid geopolitical risks in the Strait of Hormuz.
• Discounts from Russia remain attractive.

11. Reliance Consumer to Set Up ₹1,622 Crore Plant in Andhra Pradesh

Impact Analysis:

• Expected to be operational by Dec 2026.
• Aims to challenge Coke and Pepsi’s dominance in India.
• AP, under Naidu’s leadership, is attracting major investments.

12. BOFA Forecasts 20% Upside in Gold by 2026

Impact Analysis:

• Gold has already rallied 40% in 2025.
• BOFA projects $4,000/oz, citing Trump’s fiscal plans weakening the dollar.

13. Mazagon Dock Acquires 51% in Colombo Dockyards

Impact Analysis:

• Deal valued at ₹452 crore.
• Expands Indian presence in the Indian Ocean trade route.
• Boosts international footprint of Mazagon Docks.

14. Tata Capital Plans ₹1,752 Crore Rights Issue

Impact Analysis:

• Tata Sons to take a majority of the issue.
• Prepares Tata Capital for its $2 billion IPO ahead of the Sept 2025 deadline.

15. Jio Blackrock Receives Broking & Clearing License

Impact Analysis:

• Adds broking to existing AMC and advisory businesses.
• Strategic move toward becoming a full-stack financial services firm.

16. Nifty May Hit Record Highs in July

Impact Analysis:

• Supported by solid GDP growth and narrowing CAD.
• If Indo-US trade deal is signed, a new high is likely by mid-July.

17. L&T Bets Big on Renewable Energy Projects

Impact Analysis:

• 20 GW renewable EPC added across India, UAE, Saudi Arabia, and Uzbekistan.
• Focuses on battery storage and solar parks at both state and national levels.

18. US-Israel Strike Iranian Nuclear Sites; Tensions Ease

Impact Analysis:

• US confirms deep damage using bunker-busting weapons.
• Peace talks have resumed and tensions in West Asia appear to be easing.

19. Berkshire Hathaway Has Been a Net Seller for 10 Quarters

Impact Analysis:

• Sold $175 billion in stock over 10 quarters.
• Now holds $350 billion in cash but hasn’t found attractive buying opportunities.

20. India Faces Copper Shortage Crisis

Impact Analysis:

• Produces only 10–15% of its 1.8 million tonne demand.
• Plans to invite Codelco and BHP to build copper facilities in India.

21. Government May Surpass FY26 Disinvestment Target

Impact Analysis:

• Expects nearly ₹80,000 crore in divestment vs. ₹47,000 crore budgeted.
• LIC stake sale (3%) and strategic IDBI Bank sale will drive inflows.

Disclaimer: The content in this article is for informational purposes only and does not constitute financial advice or investment recommendations. Please consult with a qualified financial advisor before making any investment decisions.