_Markets open today — last closed Thu 26 Jun (Muharram holiday)_
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📊 *ECONOMY & POLICY*
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📈 *Q1FY27 Disinvestment Already at ₹18,000 Cr — Tops All of FY26*
The government’s disinvestment receipts crossed ₹18,000 crore in the first quarter of FY27 alone, surpassing full-year FY26 proceeds, driven by OFS transactions in IRFC, Coal India, NHPC, NLC India, GIC Re, and Central Bank of India.
With an ₹80,000 crore FY27 target and only ~23% achieved, the PSU stake-sale calendar stays active — investors should expect more OFS windows through the year, particularly where pricing is attractive relative to market.
📎 _Read: Business Standard_
🤝 *India-UK CETA Goes Live July 15 — Auto, IT Stand to Gain*
The India-UK Comprehensive Economic and Trade Agreement and Double Contribution Convention come into force on July 15, 2026, providing duty-free access for ~99% of Indian exports to the UK, cutting auto import tariffs from 110% to 10% within quotas, and ending dual social security deductions for ~75,000 Indian IT professionals in the UK.
Mass-market EVs below GBP 40,000 are excluded from concessions, protecting Tata, M&M, and Maruti’s domestic EV turf — while Indian IT players (TCS, Infosys, Wipro) see an immediate payroll cost benefit on UK workforce.
📎 _Read: Business Standard_
🤝 *Board of Trade Meets July 3 to Chart $2 Trillion Export Roadmap*
Commerce Minister Piyush Goyal will chair a Board of Trade meeting on July 3 to develop strategies to scale India’s merchandise exports to $2 trillion by 2030-31 — up from $863 billion in FY26. India’s May exports hit a six-month high of $45.2 billion (+18% YoY).
Key agenda: improving FTA utilisation, cutting logistics costs, and strengthening the Districts as Export Hubs programme — especially timely as CETA and the India-US trade deal create new market access headroom.
📎 _Read: Business Standard_
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🏢 *COMPANIES*
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📈 *Telecom: Airtel Leads With 29L Net Adds in May; Vi Shows Signs of Life*
All three major telcos added net subscribers in May 2026 — Bharti Airtel led at 29.26 lakh, Reliance Jio at 21.54 lakh, and Vodafone Idea at 1.21 lakh (more than double its April figure).
Airtel’s monthly pace moderated but remains dominant; Vi’s uptick, while small, reduces fears of accelerated churn — a sector-wide positive heading into Q1FY27 ARPU and revenue disclosures.
📎 _Read: BusinessToday_
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🌍 *GLOBAL & WORLD*
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🔥 *Iran Asserts 30-Day Oversight of Strait of Hormuz — MOU Under Strain*
Iran’s Foreign Minister Abbas Araghchi declared the Strait of Hormuz will remain under Tehran’s “total oversight and management” for the next 30 days, warning against any external routing arrangements — a response to Oman’s IMO-backed alternative route announcement. The June 17 Islamabad MOU, which ended the US-Iran war, required Iran to clear mines and restore full shipping capacity within 30 days, but both sides are now accusing each other of violations; Iran struck tanker M/T Kiku, triggering fresh US retaliatory strikes on Iranian missile storage and coastal radar sites over the weekend.
For India — which imports ~50% of crude via West Asian routes — any re-escalation reverses the post-MOU relief in Brent, ATF costs, and the INR; the entire tailwind for OMCs, aviation, and the current account that came with de-escalation is now contingent on Tuesday’s Doha talks.
📎 _Read: NDTV Profit_
🔋 *US-Iran Agree to Halt Strikes; Doha Talks Set for June 30*
Even as weekend strikes escalated — Iran launched drones and missiles at Kuwait and Bahrain, US struck Iranian missile sites and coastal radar — a senior US official confirmed both sides agreed to “stop all kinetic activity,” with delegations now scheduled to meet in Doha on June 30 to address the Hormuz dispute. The talks, originally planned for Switzerland on nuclear issues, were relocated and refocused on maritime sovereignty.
The de-escalation signal has provided brief relief to crude markets (Brent at ~$72.50), but the talks are high-stakes — if Doha fails, Trump has threatened to “complete the job,” which would send oil back above $90 and trigger significant macro headwinds for India.
📎 _Read: BusinessLine / Axios_
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_Compiled by Investoscope · 29 Jun 2026_