At the BRICS summit in Rio de Janeiro on July 7, 2025, Prime Minister Narendra Modi outlined India’s vision for the grouping’s future as it prepares to assume the BRICS presidency from Brazil. Emphasizing a reimagined BRICS framework centered on Building Resilience and Innovation for Cooperation and Sustainability, Modi signaled a shift towards a people-centric, inclusive approach that prioritizes the concerns of the Global South.

Kolkata-based Glen Industries has announced its maiden IPO, seeking to raise Rs. 63.02 crore via the SME platform of BSE, with a price band of Rs. 92–97 per share. The entirely fresh capital issue, open from July 8 to 10, aims to fund the establishment of a new manufacturing unit in Purba Bardhaman, West Bengal, along with general corporate purposes. Specializing in eco-friendly food containers and biodegradable straws, Glen serves the HoReCa sector and exports to markets including Europe, the USA, Australia, the Middle East, and Africa.

Lodha Developers posted a robust 10% year-on-year increase in sales bookings for the first quarter of fiscal 2025-26, reaching Rs 4,450 crore despite geopolitical tensions that dampened market activity for two weeks. The Mumbai-headquartered real estate major remains confident about achieving its ambitious sales target of Rs 21,000 crore for the full fiscal year, buoyed by a strengthened launch pipeline and successful business development in Q1.

A recent Securities and Exchange Board of India (Sebi) report highlights that nearly 91% of individual traders faced losses in the equity derivatives segment during fiscal year 2025, mirroring a similar pattern from the previous year. The aggregate net losses surged 41% year-on-year, reaching Rs 1,05,603 crore. Concurrently, the number of unique individual investors declined by 20% compared to FY24, although it showed a 24% increase from two years ago.

China has formally expressed strong disapproval of Prime Minister Narendra Modi’s felicitations to the Dalai Lama on his 90th birthday and the attendance of several Indian ministers at the celebrations in Dharamshala, reiterating its long-held stance on Tibet-related matters. Beijing accuses the Dalai Lama of separatist activities disguised as religious leadership and warns India against interfering in China’s internal affairs. Meanwhile, the Dalai Lama’s recent declaration affirming the continuation of his reincarnation system has further intensified diplomatic sensitivities.

JSW Infrastructure has received a Letter of Award (LoA) from the Syama Prasad Mookerjee Port Authority for a Rs 740-crore project at Kolkata’s Netaji Subhas Dock. The initiative involves reconstructing Berth 8 and mechanizing Berth 7 to enhance container handling capacity. Awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under a 30-year concession, this project reinforces JSW Infrastructure’s strategy to expand its terminal footprint under India’s ongoing port privatization program.

Norges Bank Investment Management, custodian of the Government Pension Fund Global, has announced support for Zee Entertainment Enterprises Ltd’s (ZEEL) Rs 2,237.44 crore preferential issuance of fully convertible warrants to promoter group entities. This move will elevate promoter shareholding to 18.4%, reinforcing promoter commitment amid evolving market dynamics. With a 3.86% stake, Norges Bank is among ZEEL’s largest shareholders. The fund raise aims to strengthen ZEEL’s financial foundation and enable growth in core media and entertainment verticals.

Biocon Ltd’s subsidiary, Biocon Biologics Ltd, has obtained marketing authorizations from the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) for two Denosumab biosimilars, Vevzuo and Evfraxy. These approvals mark a significant advancement in the company’s international expansion in biosimilar therapeutics, targeting bone-related ailments such as skeletal complications in advanced cancers, osteoporosis, and bone loss due to hormone therapy.

Siemens Energy India Ltd (SEIL), freshly independent following its demerger from Siemens Ltd, posted a robust 36.3% increase in net profit to Rs. 246.1 crore in Q4 FY25. Revenues jumped to Rs. 1,893.9 crore, fueled by substantial gains in transmission and generation segments. Despite higher operating costs, the company sustained strong margins driven by healthy demand across its power business. Now a pure-play energy technology firm, SEIL is strategically aligned to support India’s ambitious energy infrastructure goals as the country accelerates toward a $7 trillion economy.

India’s parliamentary standing committee on transport has raised pressing concerns over the delayed probe into the Air India Express crash in Kozhikode and the soaring cost of domestic air travel. The panel has summoned aviation ministry officials to provide detailed explanations regarding both the accident’s investigation status and the rationale behind sharp airfare hikes. Amid mounting public frustration over high ticket prices and the need for transparent safety oversight, this development underscores the growing scrutiny of India’s aviation sector.