India’s Department of Telecommunications (DoT) has initiated a fresh review of spectrum demand for Captive Non-Public Networks (CNPNs), also known as private 5G networks. This marks the second demand survey since provisions for CNPNs were introduced in mid-2022. With enterprise adoption still in its early stages, and telecom operators opposing direct spectrum allocation to private entities, the DoT aims to identify viable frequency bands better aligned with global device ecosystems. Stakeholders, including companies with a net worth above Rs.

Rajendra Prasad Goyal, Director (Finance) at NHPC Limited, has once again assumed the additional charge of Chairman and Managing Director (CMD), effective July 1, 2025. This interim appointment follows the retirement of Raj Kumar Chaudhary, who demitted office upon reaching superannuation. Goyal, a seasoned finance executive with over 36 years of experience at NHPC, has previously served in this capacity from March to August 2024.

India’s textile and apparel sector is charting an ambitious growth trajectory, with export figures already crossing USD 34.4 billion in FY 2023–24 and a national target of reaching USD 100 billion by 2030. Inaugurating the 73rd India International Garment Fair, Union Minister Margherita emphasized the strategic role of trade agreements with the UK, EU, and US in unlocking premium markets.

HDB Financial Services, a key non-banking financial subsidiary of HDFC Bank, made its debut on Indian stock exchanges on July 2, 2025, following a remarkably oversubscribed initial public offering. Attracting investor bids worth over Rs. 1.61 lakh crore, the IPO closed with nearly 27 times subscription. The company’s shares began trading on both the BSE and NSE with an estimated listing premium of around 10% over the issue price of Rs. 740.

Tata Motors is set to commence bookings for its much-anticipated Harrier EV, a landmark model priced from Rs. 21.49 lakh (ex-showroom). The electric SUV enters the market as the first all-wheel-drive (AWD) EV in its segment, available in rear-wheel-drive (RWD) and advanced AWD (QWD) variants. With a robust 75kWh battery and dual motors delivering a combined 391bhp and 504Nm torque, the top-tier AWD trim promises an impressive 622km range.

At the 4th International Conference on Financing for Development (FFD4) in Seville, Spain, India’s Finance Minister Nirmala Sitharaman delivered a compelling call for transformative reforms in the global financial architecture. She advocated for inclusive multilateral development bank (MDB) reforms, fairer credit rating practices, enhanced climate finance, and a reversal of declining Official Development Assistance (ODA). Stressing the need for a predictable and concessional climate finance mechanism, she underscored sovereign debt as a structural impediment to sustainable growth.

Bajaj Finserv Asset Management Company is evaluating the feasibility of launching a micro systematic investment plan (SIP) that allows investors to start investing with amounts as low as Rs. 100. The Pune-based mutual fund house, still in its early years, is working closely with technology partners and registrars to ensure the product’s viability. This initiative aligns with the Securities and Exchange Board of India’s (SEBI) push to deepen mutual fund penetration across broader demographics.

India’s manufacturing sector surged to a 14-month peak in June, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbing to 58.4 from 57.6 in May. This expansion reflects strengthened output, rising new orders, and unprecedented employment growth, driven largely by robust domestic demand and a sharp uptick in exports. The manufacturing landscape witnessed accelerated input buying and inventory adjustments to meet demand pressures, while inflationary pressures eased.

Indian Hotels Company Ltd (IHCL), India’s premier hospitality group and a Tata enterprise, has announced the signing of a 100-key greenfield Ginger hotel in Kanpur, Uttar Pradesh. This move underscores IHCL’s commitment to expanding its presence in high-potential Tier-II and Tier-III cities. Developed in partnership with JK Urbanscapes Developers, the upcoming property reflects IHCL’s strategic focus on scaling the Ginger brand in emerging urban markets.

Kolkata-based Luxmi Group, the heritage tea enterprise behind the Makaibari Darjeeling brand, has acquired a controlling interest in the UK’s Brew Tea Co., a boutique tea company known for its whole-leaf offerings and direct-to-consumer subscription model. The acquisition marks Luxmi’s strategic expansion into international markets and signals a renewed focus on ethical sourcing, vertical integration, and premium tea experiences.