In response to political backlash, Chief Election Commissioner Gyanesh Kumar defended the Election Commission of India’s decision to conduct a Special Intensive Revision (SIR) of Bihar’s electoral rolls—its first in over two decades. The revision, a constitutionally mandated exercise, seeks to eliminate ineligible entries and ensure all eligible voters are accurately included ahead of the upcoming state assembly elections.

In a dramatic political turn, Goshamahal MLA T Raja Singh tendered his resignation from the Bharatiya Janata Party (BJP), citing dissatisfaction over the reported appointment of N Ramchander Rao as the new Telangana state president. Singh, known for his controversial statements and deep-rooted Hindutva alignment, expressed disillusionment with the BJP’s leadership decisions, accusing internal factions of sidelining grassroots workers and compromising the party’s prospects in the state.

During his July 2–9 tour of Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia, Prime Minister Narendra Modi is expected to amplify India’s global campaign against cross-border terrorism, while pursuing deepened security ties and critical-mineral cooperation. With the BRICS Summit in Rio de Janeiro as its focal point, the visit will seek a unified declaration condemning the Pahalgam attack, alongside strategic agreements on rare earths like lithium and cobalt.

AM Green BV, controlled by Greenko’s founders Anil Chalamalasetty and Mahesh Kolli, will purchase a 17.5% stake in Greenko Energy Holdings from Japanese financial services giant Orix Corporation for USD 1.28 billion. This strategic acquisition boosts AM Green’s holding in the renewable energy producer to around 25%, while Singapore’s sovereign wealth fund GIC continues as the majority stakeholder with 58%. The deal forms part of Orix’s capital recycling strategy, with a concurrent investment in AM Green’s parent company.

India’s Goods and Services Tax (GST) regime has hit a historic milestone, with gross collections reaching an unprecedented Rs. 22.08 lakh crore in the 2024–25 fiscal year—doubling from FY21. This represents a 9.4% year-on-year increase, highlighting not just the maturing of India’s indirect tax system but also its role in fortifying the country’s economic resilience.

MobiKwik, a prominent fintech player, has appointed Saurabh Dwivedi as Chief Technology Officer (CTO), elevating him from Senior Vice President of Engineering. Dwivedi will oversee engineering functions spanning payments, financial services, platform infrastructure, and information security, with a strong emphasis on leveraging artificial intelligence to enhance product innovation, collections, and customer experience. Concurrently, Dhruv Wadhera has been promoted to Senior Vice President for Offline Payments, reinforcing the company’s focus on expanding its offline payment footprint.

Karnataka Bank, a prominent private sector lender, has announced the resignation of its Managing Director & CEO Srikrishnan Hari Hara Sarma, effective July 15, 2025, alongside executive director Sekhar Rao, who stepped down citing personal reasons and relocation challenges. These exits come amid reports of internal disputes with the bank's board. The bank has swiftly formed a search committee to fill the leadership vacuum and appointed a seasoned banker as Chief Operating Officer, who will take charge on July 2.

VinFast Auto India has announced a strategic partnership with myTVS to bolster its after-sales service and charging infrastructure as it prepares to launch its inaugural electric vehicle in the Indian market. The collaboration aims to establish 120 extended service workshops nationwide, ensuring comprehensive support for VinFast customers. Leveraging myTVS’s technology-driven service platform, this alliance underscores VinFast’s commitment to delivering quality customer experiences and scaling operations efficiently.

SKF India, a leading bearings manufacturer, has announced a strategic capital expenditure plan of Rs 1,210 crore to Rs 1,460 crore through 2030 aimed at enhancing production capabilities across its Haridwar, Pune, and Bangalore facilities. The investment targets robust growth in both industrial and automotive segments, with a focus on electric vehicle (EV) powertrain bearings and wheel-end components. Significant allocations include Rs 800-950 crore for industrial business expansion and Rs 410-510 crore for automotive capacity augmentation.

India’s industrial production growth slowed sharply to 1.2% in May 2025, marking a nine-month low, according to data released by the National Statistics Office (NSO). The slowdown reflects underperformance across key sectors including manufacturing, mining, and power generation. Manufacturing growth nearly halved to 2.6%, while mining output contracted marginally and power production declined significantly. The subdued performance contrasts starkly with May 2024, when industrial growth stood at 6.3%.