Crizac Ltd, a prominent player in the international student recruitment sector, witnessed an overwhelming response to its initial public offering (IPO), which closed with a subscription nearly 60 times the offer size. The Rs. 860-crore offer-for-sale attracted bids for over 154 crore shares against 2.58 crore shares available, demonstrating robust demand across institutional and retail investors. Despite no fresh capital being raised—since the IPO was entirely an offer-for-sale by promoters—the listing promises to elevate Crizac’s profile in the global education technology market.

The Indian rupee advanced by 16 paise to settle at 85.39 against the US dollar on Friday, buoyed by a softer dollar in global markets and easing crude oil prices. Market participants welcomed the US-Vietnam trade agreement announced by President Donald Trump, fueling hopes for further trade pacts before the critical July 9 deadline. Despite this optimism, lingering tariff uncertainties limit aggressive rupee gains.

Kolkata’s commercial real estate market has witnessed a remarkable 60% year-on-year increase in leasing activity during the first half of 2025, reaching 1.1 million square feet, according to Knight Frank India’s latest report. This surge marks the highest half-yearly transaction volume in a decade, driven largely by significant IT outsourcing deals and flexible workspace agreements. Peripheral Business Districts such as Salt Lake City and Rajarhat New Town dominated transactions, while vacancy rates dropped to the lowest levels since 2019.

Airpay, a leading fintech company, has introduced airpay money, a pioneering financial wellness platform tailored for India’s underserved middle-income segment, earning between Rs 20,000 and Rs 75,000 monthly. Unlike typical fintech apps centered on transactions or product sales, this platform emphasizes personalized financial education, habit formation, and holistic wellness.

UCO Bank has reported robust growth for the first quarter of FY26, with total business rising 13.67% year-on-year to Rs. 5.24 lakh crore. This expansion was driven by a 16.58% jump in total advances and an 11.57% increase in deposits. Domestic operations contributed significantly, with domestic advances rising nearly 20% and domestic deposits nearing 10% growth. The bank also witnessed a sequential uptick in business, reflecting continued momentum. While the CASA ratio saw a minor decline, the credit-deposit (CD) ratio improved meaningfully.

Reliance Infrastructure Ltd and Reliance Power Ltd have issued formal clarifications affirming their independence following the State Bank of India’s decision to designate the loan account of Reliance Communications (RCom) as fraudulent. The two Anil Dhirubhai Ambani Group (ADAG) companies emphasized there is no financial, operational, or managerial overlap with RCom, nor does Anil Ambani hold board positions in either company.

India’s premier energy trading platform, Indian Energy Exchange (IEX), reported a robust performance in June 2025, with total electricity trade volumes reaching 10,852 million units (MU), reflecting a 6.5% year-on-year increase. The exchange also witnessed significant momentum in renewable energy trading, particularly in Renewable Energy Certificates (RECs), with 32.32 lakh RECs traded in June alone. Notably, the IEX Green Market recorded a 30% surge in volumes, underscoring rising demand for green power.

India’s sugar industry has transformed into a Rs. 1.3 lakh crore economic powerhouse, playing a pivotal role in the nation’s journey toward rural empowerment, energy independence, and green fuel adoption. Speaking at the 2025 Cooperative Sugar Industry Conclave, Union Food Minister Pralhad Joshi lauded the sector’s remarkable evolution under pro-reform leadership. Driven by ethanol blending initiatives, policy reforms, and cooperative participation, the industry has emerged as a cornerstone of India's self-reliant energy ambitions.

India’s fintech sector raised USD 889 million in the first half of 2025, reflecting a 26% decline from USD 1.2 billion in the latter half of 2024 and a 5% drop from USD 936 million a year earlier, according to Tracxn. Despite this overall slowdown, early-stage investments witnessed a modest revival, rising 10% sequentially to USD 361 million, while seed and late-stage funding contracted. Bengaluru retained its dominance, accounting for 55% of total funding. Notably, acquisition activity increased, highlighting strategic consolidation within the industry.

IRB InvIT Fund has received strong backing from its unitholders to acquire 100 percent equity in three special purpose vehicles (SPVs) from IRB Infrastructure Trust, with the transaction valued at Rs 8,436 crore as of June 30, 2025. This strategic move consolidates IRB’s portfolio by adding the Hapur Moradabad, Kaithal, and Kishangarh Gulabpura tollways, thereby expanding its operations and maintenance order book by Rs 3,100 crore to approximately Rs 33,600 crore.