In a pivotal move toward its global expansion strategy, IndiGo has officially commenced long-haul international services with the launch of direct flights between Mumbai and Manchester. Operated using a wide-body Boeing 787-9 Dreamliner, the thrice-weekly route marks a major milestone in IndiGo's evolution from a regional low-cost carrier to an emerging global player. The new service aims to boost connectivity for business travelers, students, tourists, and the Indian diaspora while reinforcing economic and cultural ties between India and the United Kingdom.

After two years of double-digit price appreciation, India’s residential real estate market is expected to enter a phase of steady, moderate growth. According to Crisil Ratings, housing prices are projected to rise by 4–6% over the medium term, while demand, measured in volume, is likely to increase by 5–7%. Though supply is set to outpace demand slightly—raising inventory levels—developers are expected to maintain healthy financial profiles, backed by strong cash flows and reduced leverage.

In a bold stand against rising operational costs, restaurants in Namakkal, Tamil Nadu, have ceased food delivery services via leading online aggregators Swiggy and Zomato. The move, which took effect on July 1, follows a growing outcry among local restaurant owners over steep commission rates, delayed payments, and hidden advertising charges. Despite earlier warnings and attempts at negotiation, talks between restaurant representatives and the platforms failed, prompting the indefinite suspension of services.

China has confirmed that Premier Li Qiang will attend the 17th BRICS Summit in Rio de Janeiro, Brazil, from July 5 to 8, marking a notable departure as President Xi Jinping will not participate for the first time in 12 years. The summit arrives at a pivotal moment following BRICS’ expansion to include five new members, including Saudi Arabia and the UAE, enhancing the bloc’s influence among emerging economies. India’s Prime Minister Narendra Modi will also attend.

Lodha Developers Ltd has been directed by the Supreme Court to deposit Rs 520.80 crore as a security measure linked to ongoing legal proceedings involving its recent acquisition of V Hotels Ltd (VHL) through insolvency. The case stems from allegations tied to transactions routed via VHL prior to the commencement of the Corporate Insolvency Resolution Process (CIRP), initiated by the Enforcement Directorate against VHL’s former promoters. Lodha has expressed confidence that the Supreme Court will expedite hearings and release the deposit soon.

Hyundai Motor India’s flagship SUV, the Creta, has claimed the top spot in India’s passenger vehicle market for June 2025, selling 15,786 units and outpacing long-time segment leaders from Maruti Suzuki. This milestone coincides with the Creta’s 10th anniversary in India, reinforcing its position as a dominant force in the SUV category. Maruti Suzuki’s Dzire and Brezza followed closely, with 15,484 and 14,507 units sold, respectively.

A new report from UK-based cybersecurity firm Sophos reveals that 53% of Indian organizations affected by ransomware in 2024 paid cybercriminals to regain access to their encrypted data. While ransom payments dropped significantly—median payouts fell by 79% to Rs. 4 crore (USD 481,636)—the broader financial impact of these attacks remains severe. Companies continue to bear substantial recovery costs, averaging over Rs. 8.4 crore (USD 1.01 million) excluding ransom payments.

India’s commercial real estate sector witnessed a significant boost in FY2024-25, driven largely by the rapid expansion of Global Capability Centres (GCCs). According to data from real estate consultancy Vestian, GCCs leased 31.8 million square feet of office space across seven major cities during the fiscal year—a 24% increase over the previous year. This surge underscores India’s growing strategic importance as a global operations hub, bolstered by a skilled workforce, cost efficiency, and a conducive business environment.

TVS Motor Company has introduced an upgraded variant of its flagship electric scooter, the iQube, priced at Rs 1.03 lakh (ex-showroom, Delhi). Designed for everyday urban commuting, the new iQube comes equipped with several advanced features, including Hill Hold Assist and a 3.1 kWh battery offering a certified range of 123 km per charge. This launch builds on the brand’s strong momentum in the electric vehicle (EV) space, having already sold over 6 lakh units of the iQube.

A groundbreaking report by the United Nations Development Programme (UNDP), in collaboration with the University of Denver’s Pardee Institute and Octopus Energy, outlines a transformative vision for the global energy future. The study finds that if countries align renewable energy deployment with broader development policies, it could lift 193 million people out of extreme poverty by 2060 and save the global economy USD 20.4 trillion.