Vadodara-headquartered Sudeep Pharma has initiated steps toward entering India’s capital markets, filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed initial public offering (IPO) will consist of a fresh issue worth ₹95 crore alongside an offer for sale (OFS) of over 1 crore shares by the promoter group.

Coal India Ltd (CIL), the state-run mining behemoth, recorded an 8.7% year-on-year decline in coking coal output in May 2025, producing 4.53 million tonnes. This drop comes as the Indian government intensifies efforts under its "Mission Coking Coal" to boost domestic supply and reduce reliance on imports. With the steel sector heavily dependent on coking coal, which remains essential for metallurgical processes, the government aims to ramp up local production to 140 million tonnes by 2029–30.

Gandhinagar Municipal Corporation (GMC) marked a historic achievement on Wednesday with the successful listing of its inaugural municipal bonds worth Rs 25 crore on the National Stock Exchange (NSE). The bond issuance garnered an overwhelming response, receiving bids amounting to Rs 225 crore, surpassing the issue size by nine times. This milestone places GMC as the fifth urban local body in Gujarat and the 17th nationwide to tap into the municipal bond market. The bonds, offering a coupon rate of 7.65%, are a significant step toward the state’s growing focus on urban development.

Marking its 118th foundation day, Punjab & Sind Bank announced a series of customer-centric digital innovations aimed at enhancing service delivery and operational efficiency. In the presence of Financial Services Secretary M Nagaraju, who acknowledged the sector’s improved health while calling for better service standards, the bank launched smart branches, revamped its call center, introduced cash flow-based MSME lending products, and inaugurated its CASA Back Office in Chandigarh.

Uttar Pradesh has entered a strategic partnership with the National Dairy Development Board (NDDB) to modernize its dairy infrastructure, enhance income for milk producers, and revitalize the state’s rural economy. The MoU, signed between the Uttar Pradesh Cooperative Dairy Federation (PCDF) and NDDB, involves the operational handover of three key dairy plants in Kanpur, Gorakhpur, and Kannauj, as well as a feed production facility in Ambedkar Nagar.

In a move aimed at streamlining urban mobility, ride-hailing platform Rapido has integrated Delhi Metro ticketing into its app, enabled through the government-backed Open Network for Digital Commerce (ONDC). The initiative allows commuters to purchase metro tickets directly on Rapido while also accessing affordable last-mile rides to and from metro stations at a fixed fare of ₹25. Rapido will offer a free first ride for new users booking metro tickets through its app.

Union Bank of India, one of the country’s prominent state-run lenders, has outlined plans to raise up to Rs 6,000 crore through a blend of equity and debt instruments, aiming to bolster its capital reserves and support business growth. The capital-raising strategy was approved during a board meeting held on Wednesday and includes multiple tranches of equity infusion and the issuance of Basel-III compliant bonds. The move underscores the bank’s forward-looking stance on strengthening its balance sheet amid evolving regulatory requirements and expanding credit demand across sectors.

Reliance Defence, led by Anil Ambani, has landed a landmark ₹600 crore export contract from Rheinmetall Waffe Munition GmbH, a German leader in defence technology. The deal, one of the largest of its kind in India’s high-tech ammunition sector, marks a pivotal moment in the company’s ambition to become a global defence supplier. The partnership is also aligned with India’s ‘Atmanirbhar Bharat’ and ‘Make in India’ missions, promoting indigenous manufacturing.

Samsung India is accelerating its push into the premium home appliance market, banking heavily on artificial intelligence and smart connectivity to reshape consumer preferences. The company expects AI-powered products to account for half its appliance sales in the first half of 2025, with projections reaching 70% by year-end. This transition coincides with the rising popularity of high-end appliances, driven by affluent, tech-savvy urban consumers. Alongside this innovation push, Samsung is expanding its retail footprint, aiming for 900 exclusive outlets across India by December.

Royal Orchid Hotels Ltd is entering a transformative phase of expansion, with an ambitious blueprint to triple its footprint to over 300 hotels and 20,000 rooms within five years. Led by Chairman and Managing Director Chander K Baljee, the company is executing a multi-pronged strategy that includes brand diversification, entry into the budget travel segment, and integration of wellness and artificial intelligence initiatives.