India’s largest IT services company, Tata Consultancy Services (TCS), has launched an AI-focused innovation centre in Singapore aimed at accelerating the digital transformation of small and medium-sized enterprises (SMEs) and start-ups. Located at Changi Business Park within TCS Asia Pacific headquarters, the new facility will support up to 60 local businesses over the next 12 months, offering access to cutting-edge artificial intelligence solutions, top-tier consulting expertise, and collaborative development frameworks.

JM Financial Asset Management has introduced a new open-ended equity scheme—the JM Large & Mid Cap Fund—aimed at capturing the combined benefits of India’s robust large-cap companies and high-growth mid-cap firms. The New Fund Offer (NFO) opens on July 4 and closes on July 18. With a strategic focus on balancing liquidity, flexibility, and risk-adjusted returns, the fund targets long-term capital appreciation while minimizing volatility. Positioned to leverage India’s expanding economy, the scheme forms part of JM Financial Mutual Fund’s broader portfolio, which managed Rs.

In a strategic move marking its growing global footprint in biologics, Biocon Biologics Ltd, a subsidiary of Biocon Ltd, has received marketing authorization from the European Commission for Vevzuo and Evfraxy, two biosimilar versions of Denosumab. These biosimilars, used in the treatment and prevention of various bone-related conditions, represent Biocon’s foray into the bone health therapeutic segment and underscore its scientific depth in complex biologics.

MOIL Ltd., India's largest manganese ore producer, reported a significant rise in output for the first quarter of FY26, reaching 5.02 lakh tonnes—a 7% increase year-on-year. The state-owned miner also achieved its highest-ever monthly production in June, with 1.68 lakh tonnes, underscoring operational efficiency and sustained momentum. Backed by a robust mining infrastructure across Maharashtra and Madhya Pradesh, the company continues to scale output despite sectoral challenges.

AMD has underscored India’s significance as a critical market and engineering hub, deepening its collaboration with telecom giant Reliance Jio to deploy cutting-edge GPU technology for AI and data center applications. With over 8,000 employees in India, AMD is positioning itself as a key player in the country’s burgeoning AI ecosystem. The company’s leadership highlights the importance of a diversified AI hardware landscape, countering Nvidia’s perceived dominance.

Renewable energy firm ReNew Power has received an upgraded buyout proposal from a consortium of investors, offering to acquire all outstanding shares at USD 8.00 per share in cash. This revised bid values the company at approximately USD 880 million, marking a USD 100 million increase from an earlier offer. In response, ReNew’s board has constituted a Special Committee of independent directors, guided by external legal and financial advisors, to thoroughly review the proposal.

India’s digital identity infrastructure continues to show robust growth, with Aadhaar authentication transactions rising 7.8% year-on-year in June 2025, reaching 229.33 crore for the month. According to the Unique Identification Authority of India (UIDAI), the total cumulative Aadhaar authentications have now surpassed 15,452 crore since the system’s inception. Electronic Know Your Customer (e-KYC) and AI-driven face authentication technologies also posted significant gains, indicating increased adoption of digital public infrastructure across sectors.

India is on the cusp of a medical milestone with the ongoing Phase 3 trials of its first domestically developed dengue vaccine. Led jointly by the Indian Council of Medical Research (ICMR) and Panacea Biotec, this multi-centre trial is projected to complete participant enrollment by October 2025. Over 70% of the targeted 10,335 volunteers have already been enrolled across 20 research sites. The trial’s outcome—scheduled for late 2027 after a two-year observation period—could revolutionize dengue prevention, particularly through its promising single-dose regimen.

The Delhi government’s recent enforcement of a ban on refueling older petrol and diesel vehicles—specifically petrol vehicles over 15 years and diesel vehicles over 10 years—has ignited widespread public dissent. Implemented to curb pollution through automated surveillance technology at fuel stations, the policy has faced sharp criticism from vehicle owners who question its fairness and financial implications. Many argue that the policy contradicts the duration for which road tax is collected, reigniting a broader debate over the purpose of multiple taxes levied on vehicle owners.

Apple’s strategy to pivot a significant portion of its iPhone production to India has encountered an unexpected roadblock. Foxconn, Apple’s principal manufacturing partner, has recalled hundreds of Chinese engineers and technicians from its Indian operations. The sudden departure—initiated two months ago—may disrupt knowledge transfer, production training, and manufacturing efficiency at Foxconn’s iPhone facilities in southern India. With Apple aiming to relocate assembly of iPhones sold in the U.S.