Reliance Defence Limited, promoted by Reliance Infrastructure, has entered a strategic partnership with US Department of Defense-authorized contractor Coastal Mechanics Inc to jointly capture India’s burgeoning Rs 20,000 crore defence maintenance, repair, overhaul (MRO), and upgrade sector. The collaboration aims to provide comprehensive lifecycle support and modernisation for critical military platforms, including Jaguar and MiG-29 fighter jets, Apache attack helicopters, and legacy systems.

Radisson Hotel Group has announced the launch of a new property under its Radisson Individuals brand—D Square Statue of Unity Kevadia, a 91-key hotel strategically located near one of India’s most iconic tourist attractions in Gujarat. This opening marks a significant step in the group’s strategy to deepen its presence in high-growth leisure destinations across India.

India’s banking sector has seen a marked deceleration in credit growth, particularly within the industrial and services segments, according to the Reserve Bank of India’s latest sectoral credit deployment data. For the fortnight ending May 30, 2025, credit to industry rose just 4.9% year-on-year, down from 8.9% during the same period last year. Non-food credit overall expanded by 9.8%, a significant drop from 16.2% in the prior year.

Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals and Pharmaceuticals in a transaction valued at Rs. 19,500 crore—marking the second-largest merger in India’s pharmaceutical industry after Sun Pharma’s acquisition of Ranbaxy in 2015. The multi-phase deal includes promoter and employee share purchases, followed by an open market offer, and culminates in a merger of JB Pharma into Torrent.

Jaiprakash Associates Ltd (JAL), the debt-laden infrastructure and real estate conglomerate currently under insolvency, is poised for a turning point as its Committee of Creditors (CoC) convenes on July 1 to evaluate five resolution proposals. These plans, submitted by major Indian corporates including Adani Enterprises, Vedanta, Dalmia Bharat, Jindal Power, and PNC Infratech, reflect strong interest in acquiring the diversified group’s distressed assets. With creditors’ claims totaling Rs.

In a landmark development within India’s B2B e-commerce sector, Jumbotail has raised USD 120 million (approximately Rs. 1,027 crore) in a funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc. This infusion brings the company’s total capital raised to USD 263 million. Simultaneously, Jumbotail has completed its acquisition of Solv India, a fintech-enabled B2B marketplace also backed by SC Ventures.

Toyota Kirloskar Motor (TKM) reported a 5% year-on-year increase in vehicle sales for June 2025, signaling sustained consumer demand and strategic market engagement. The company dispatched 28,869 units during the month, compared to 27,474 units in June 2024. With domestic sales accounting for the majority—26,453 units—and exports contributing 2,416 units, TKM attributes the growth to its focus on customer-centric services and value-added offerings.

Delhi-NCR’s housing market has outpaced expectations in Q2 FY2026, with residential sales projected to grow 16% year-on-year, reaching over 11,700 units. Driven by robust demand for luxury properties and a surge in new launches, the region has defied broader trends of slowing sales in other metropolitan areas. Major developers like DLF, Prestige Group, and Tribeca have launched high-value projects that have been swiftly absorbed by the market.

Vodafone Idea (Vi), despite its significant debt burden, has ambitiously expanded its 5G footprint to 23 additional cities across India, including key state capitals like Jaipur, Kolkata, and Lucknow. Building on its initial 5G launch in five major metros, the telecom operator now offers next-generation connectivity to a wider audience. Concurrently, Vi is enhancing its 4G infrastructure by deploying spectrum across multiple bands, resulting in improved data capacity and speed.

German Green Steel and Power Ltd., a vertically integrated iron and steel producer based in Gujarat, has submitted its draft red herring prospectus to the Securities and Exchange Board of India (SEBI) to initiate an initial public offering (IPO). The offering includes a fresh issue of equity shares worth up to Rs. 450 crore and an offer for sale of up to 20 lakh shares by the promoters. The company plans to use the proceeds for expanding its manufacturing capacity, investing in hybrid renewable energy infrastructure, and reducing its debt load.