Apollo Hospitals Enterprise Ltd (AHEL) has announced a strategic corporate reorganization aimed at unlocking shareholder value through the separation and eventual listing of its omnichannel pharmacy and digital health businesses. The plan involves a demerger of these operations into a new entity (NewCo), which will later amalgamate with Apollo HealthCo Ltd (AHL) and pharmaceutical distributor Keimed Pvt Ltd. The new Indian-owned and controlled entity aims to become a market leader in digital healthcare and pharmacy distribution, with a revenue target of Rs. 25,000 crore by FY27.

Zoomcar, the Bengaluru-based self-drive car-sharing platform, reported a significant reduction in its net losses for the fiscal year ending March 31, 2025, marking a pivotal step toward financial sustainability. The company's net loss narrowed to USD 25.62 million, a notable improvement from the USD 34.27 million loss in FY24. This turnaround was largely driven by aggressive cost optimization across operations, marketing, and technology. Despite a marginal drop in revenue, the company recorded a positive contribution profit for the first time, underscoring improved unit economics.

In a recent high-level meeting with industry stakeholders and export bodies, Commerce and Industry Minister Piyush Goyal called for a renewed focus on strengthening domestic manufacturing, reducing import reliance, and diversifying supply chains. As India navigates a challenging global trade environment, Goyal emphasized the importance of leveraging Free Trade Agreements (FTAs), reforming special economic zones (SEZs), and identifying alternative sources for critical imports like rare earth magnets.

India’s Finance Minister, Nirmala Sitharaman, underscored the pivotal role of private capital in enabling sustainable and inclusive global development during her address at the International Business Forum’s Leadership Summit in Seville, Spain. She emphasized the urgent need for private sector investment to supplement development finance, particularly for low- and middle-income countries, amidst growing global economic volatility and inconsistent foreign direct investment flows.

State Bank of India (SBI), the nation’s largest lender, has unveiled a transformative plan to solarise four million households by fiscal year 2026–27 as part of its commitment to India’s clean energy ambitions. The announcement, coinciding with the bank’s 70th anniversary, aligns SBI’s long-term strategy with the country’s Net Zero 2070 objective. The bank also reported landmark agricultural lending of over Rs.

Maharashtra’s government has overhauled its one-time vehicle tax structure effective July 1, resulting in higher costs for high-end cars, CNG/LNG vehicles, and goods carriers. The tax cap has increased from Rs 20 lakh to Rs 30 lakh, causing luxury vehicles priced above Rs 20 lakh to become more expensive by at least Rs 10 lakh in taxes. The revision also introduces price-based taxation for goods carriers instead of gross vehicle weight, significantly raising their tax liability.

Kerala’s Finance Minister K.N. Balagopal has categorically denied any reduction in funding for the state’s public health sector, responding to allegations of equipment shortages and procedural delays at Thiruvananthapuram Medical College Hospital. The controversy sparked political criticism from the opposition, which has called for a comprehensive review of healthcare delivery. Balagopal highlighted that health sector allocations have not only been maintained but increased over recent years, with substantial releases already made for the current fiscal.

In a move to safeguard domestic industries and stabilize market prices, the Indian government has extended the Minimum Import Price (MIP) for soda ash at Rs. 20,108 per ton until December 31, 2025. Soda ash is a vital input for glass, detergent, and chemical manufacturing sectors. Additionally, quantitative import restrictions on low-ash metallurgical coke from select countries have been prolonged for six months, allowing a controlled import volume of 14,27,166 tons.

Punjab National Bank (PNB), one of India’s leading public sector banks, has announced a landmark policy shift by eliminating penalties for non-maintenance of minimum average balance in savings accounts, effective July 1, 2025. The decision is part of a broader initiative to promote financial inclusion, particularly benefiting vulnerable segments such as women, farmers, and low-income households. With this move, PNB aims to reduce barriers to formal banking, reinforcing its commitment to equitable access and customer-centric financial services.

The Finance Ministry has called on private sector banks to intensify their engagement in government-led financial inclusion programs. During a high-level review meeting, Department of Financial Services Secretary M. Nagaraju emphasized the need for greater participation in flagship schemes such as the Pradhan Mantri Jan Dhan Yojana (PMJDY), PM Jeevan Jyoti Bima Yojana (PMJJBY), PM Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Pradhan Mantri Mudra Yojana (PMMY), and PM Vishwakarma.