India has unveiled an ambitious long-term blueprint to transform its aluminium sector, aiming to scale up domestic production six times by 2047. The newly released Aluminium Vision Document, launched by Union Minister G. Kishan Reddy at a mining conference in Hyderabad, lays out a comprehensive roadmap focused on increasing bauxite output, enhancing recycling rates, ensuring raw material security, and adopting low-carbon technologies. The initiative is aligned with the national agenda of achieving a developed, resource-resilient economy by 2047.

Tata Steel has received a demand notice amounting to Rs. 1,902.7 crore from the Office of the Deputy Director of Mines, Jajpur, Odisha, citing alleged shortfall in mineral dispatches from its Sukinda Chromite Block for the year spanning July 23, 2023 to July 22, 2024. The notice, grounded in Rule 12A of the 2016 Mineral Concession Rules, includes both the sale value of the shortfall quantity and the proposed appropriation of the performance security.

Shares of Trent Ltd., a key retail arm of the Tata Group, witnessed a sharp sell-off on Friday, plunging nearly 12% amid investor disappointment over moderated short-term growth expectations. Despite reaffirming its long-term aspirations of robust expansion, the company’s management forecasted just 20% revenue growth for the first quarter of FY26 in its core fashion segment—a significant slowdown compared to its five-year compounded annual growth rate of 35%. The market’s response was swift, eroding over Rs. 26,000 crore in Trent’s market capitalization.

A Group of Ministers (GoM), led by Goa CM Pramod Sawant, convened to scrutinize GST revenue trends and devise strategies to counteract extensive Input Tax Credit (ITC) fraud, estimated to exceed Rs. 2 lakh crore. The GoM reviewed state-level revenue patterns, e-invoicing rollout, IT infrastructure enhancements, and best practices from Gujarat, Telangana, and Rajasthan. Key outcomes include identification of loopholes, cross-jurisdiction coordination, and a future report to the GST Council.

Muthoot FinCorp Ltd, a prominent player in the gold loan financing sector, has announced a Rs. 290 crore secured, redeemable non-convertible debenture (NCD) issue aimed at bolstering its business expansion and refinancing efforts. The Tranche VI NCD offering, open for subscription until July 17, 2025, features tenures ranging from two to six years with flexible interest payment options. Yields range between 9.2% and 9.8% per annum, catering to diverse investor preferences.

Air India has distributed interim compensation to nearly two-thirds of families affected by the June 12 Boeing 787 Dreamliner crash in Ahmedabad. The airline, under Tata Sons' stewardship, pledged Rs. 1 crore per deceased and Rs. 25 lakh interim assistance, with ongoing support for survivors. CEO Campbell Wilson confirmed that next-of-kin have been repatriated, and dedicated teams in Ahmedabad are assisting families. During a "Safety Pause," the carrier has curtailed services, ramped up aircraft checks, and invested in reliability measures.

A medical emergency involving an Air India pilot caused a disruption in operations on July 4, when the pilot collapsed shortly before he was scheduled to command flight AI2414 from Bengaluru to Delhi. The incident, which occurred in the early hours of the day, required immediate medical attention, prompting the airline to replace the crew member and deploy a standby pilot. Air India confirmed the development and stated that the affected pilot is currently stable and under medical supervision.

India is preparing to launch a comprehensive initiative aimed at transforming its domestic toy manufacturing industry into a globally competitive sector. Speaking at the Toy Biz International B2B Expo 2025, Commerce and Industry Minister Piyush Goyal outlined plans to roll out a production-linked scheme designed to support quality enhancement, job creation, and brand building—eschewing traditional export subsidies.

The United Arab Emirates (UAE) has solidified its position as the foremost importer of Indian mangoes, with shipments totaling 12,000 tonnes valued at USD 20 million in 2024, according to India’s commerce ministry. This milestone highlights robust demand for Indian agricultural produce in the Gulf region. The Agricultural and Processed Food Products Export Development Authority (APEDA) hosted a dedicated mango promotion event in Abu Dhabi to bolster this momentum.

Garuda Aerospace, a leading drone technology firm, has recently secured multiple contracts from government agencies across Gujarat, Tamil Nadu, and Jharkhand to deploy its AI-powered drone solutions for mining operations. These agreements include annual aerial surveys, digital mine closure planning, and comprehensive data analytics for mine monitoring. The firm’s innovative Drone-as-a-Service (DaaS) model is gaining traction, enabling scalable, cost-effective, and precise services.