Steamhouse India, a Surat-based industrial steam and gas supplier, has initiated the process for an initial public offering (IPO) through a confidential pre-filing route, aiming to raise between Rs 500 crore and Rs 700 crore. Founded in 2014 under the Sanjoo group’s industrial legacy, the company reported Rs 291.71 crore in revenue and Rs 25.97 crore in profit for FY24.

Daimler India Commercial Vehicles (DICV), a subsidiary of Daimler Truck AG, has introduced a new range of BharatBenz trucks—HX and TorqShift series—targeted at India’s rapidly expanding construction and mining industry. The launch, held at the company’s manufacturing facility in Oragadam, Tamil Nadu, follows six months of rigorous field trials involving nearly 200 units across multiple job sites.

State-run construction and project management company NBCC Ltd has secured a significant contract valued at Rs 354.88 crore from FDCM Gorewada Zoo Ltd. The agreement entrusts NBCC with project management and supervision services for the execution of the African Zoo, Safari Plaza, Animal Hospital, Quarantine Facility, and associated infrastructure at the Gorewada Zoo. This contract marks an important addition to NBCC’s portfolio, reinforcing its role as a key player in project management consultancy and real estate development within India’s infrastructure sector.

A controversy has erupted over the denial of certification to the Malayalam film JSK – Janaki vs. State of Kerala by the Central Board of Film Certification (CBFC), allegedly due to the film's use of the name ‘Janaki’, a reference to goddess Sita. The film, starring Union Minister and actor Suresh Gopi, has sparked political backlash, with Congress leader K.C. Venugopal accusing the government of stifling artistic freedom.

BMW Group India has delivered a robust performance in the first half of 2025, reporting a 10% year-on-year increase in total passenger vehicle sales across its BMW and MINI brands, reaching 7,774 units. The company also recorded 2,569 motorcycle deliveries under the BMW Motorrad banner. Leading the charge was its luxury electric vehicle portfolio, which saw a staggering 234% growth, cementing BMW’s dominance in India’s nascent premium EV market.

Mahindra Holidays & Resorts India Ltd. (MHRIL), via its wholly owned Finnish subsidiary Holiday Club Resorts Oy (HCR), has acquired full ownership of Keskinäinen Kiinteistö Oy Salla Star (KKOSS), a mutual real estate company in Finland. The transaction, valued at Rs. 2.35 crore, grants Mahindra direct control over a key asset it had leased since 2012. This move marks a strategic pivot from lease-based operations to full ownership, aimed at enhancing cost efficiency, asset security, and long-term sustainability in its Nordic hospitality business.

State-owned ONGC has forged a strategic alliance with Japan’s Mitsui OSK Lines to develop, own, and operate two Very Large Ethane Carriers (VLECs) to transport imported ethane intended for its subsidiary, ONGC Petro Additions Limited (OPaL). This initiative aligns with India’s shift away from ethane-rich LNG from Qatar under upcoming contract revisions in 2028. ONGC’s investment in ethane extraction infrastructure at Dahej and OPaL’s dual-feed cracker system necessitates a reliable ethane supply chain.

In a progressive step toward redefining workplace culture, Hindustan Zinc, the world’s largest integrated zinc producer, has launched a Guidebook to Inclusive Language to promote equity and foster a more inclusive environment across its operations. Designed as part of the company’s broader diversity initiative, the guidebook provides a strategic framework to support inclusive communication and equitable practices, especially for historically marginalized groups such as the LGBTQIA+ community, differently-abled individuals, and people from diverse ethnic backgrounds.

India’s public sector banks (PSBs) are undergoing a sweeping transformation under the seventh edition of the Enhanced Access & Service Excellence (EASE 7.0) reform agenda. Launched as a critical pillar of the government’s “Viksit Bharat” vision, these reforms are modernizing PSBs through deeper MSME outreach, digital innovation, artificial intelligence deployment, and improved risk management.

In a landmark move poised to reshape agricultural risk management, the National Commodity and Derivatives Exchange Ltd (NCDEX) has partnered with the India Meteorological Department (IMD) to develop and launch the country’s first weather derivatives. This collaboration is set to create innovative financial instruments that will help farmers, agribusinesses, and supply chains hedge against climate-induced uncertainties such as erratic rainfall and extreme weather.