Hindustan Copper Ltd (HCL), India's sole vertically integrated copper producer, is set to host a high-level delegation from Chilean copper giant CODELCO in a landmark initiative aimed at strengthening bilateral cooperation in mining technologies, operations, and workforce development. This follows a formal memorandum of understanding signed during the April meeting between Indian Prime Minister Narendra Modi and Chilean President Gabriel Boric Font.

NTPC Ltd, India’s largest power generation company, has initiated a postal ballot process to seek shareholder approval for raising up to Rs 18,000 crore through non-convertible debentures (NCDs) or bonds via private placement. The capital will support the company’s ongoing capacity expansion, working capital needs, and general corporate purposes. The proposed fundraising, to be executed in multiple tranches over the next year, aligns with NTPC’s strategic focus on infrastructure development and operational efficiency.

Colgate-Palmolive (India) is preparing to significantly scale its presence in the Indian market by introducing more products from its global portfolio, according to Managing Director and CEO Prabha Narasimhan. With only two brands—Colgate and Palmolive—currently active in the country, the FMCG major is now in active dialogue with its U.S.-based parent to bring in new offerings tailored for Indian consumers. As the company deepens its commitment to digital-first products and e-commerce, it also remains firmly rooted in traditional trade.

In a strategic move following the untimely demise of Chairman Sunjay Kapur, Sona BLW Precision Forgings Ltd (commonly known as Sona Comstar) has elevated independent director Jeffrey Mark Overly to the position of Chairman. Overly, who has been associated with the company since 2021, brings over four decades of global operational expertise, including leadership roles at General Motors and Delphi Corporation. The board has also honoured the late Sunjay Kapur by naming him Chairman Emeritus.

Bandhan Bank, one of India’s leading private sector lenders, has extended its reach by inaugurating 18 new branches across Jharkhand, Andhra Pradesh, Bihar, and Odisha. With this expansion focused on semi-urban and rural regions, the bank’s total number of banking outlets now stands at 6,300 nationwide. The move aligns with Bandhan’s strategy of deepening financial inclusion while sustaining growth through region-specific banking solutions.

The Financial Services Institutions Bureau (FSIB) has commenced the process to appoint a new Managing Director and Chief Executive Officer for Canara Bank, ahead of the retirement of incumbent K. Satyanarayana Raju in December 2025. The position is central to steering the bank’s strategic and operational agenda, with the new leadership expected to uphold profitability, growth, and institutional stability. The FSIB has outlined eligibility criteria, with applications open until July 21, 2025, for candidates aged between 45 and 57.

India’s largest digital payments firm, PhonePe, has reportedly enlisted top-tier global investment banks — including Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley — as it prepares for a landmark initial public offering. Backed by Walmart, PhonePe has experienced exponential growth in both user base and revenue, recently turning profitable in FY24. The company recorded Rs. 5,064 crore in revenue, a 74% year-on-year increase, alongside a net profit of Rs. 197 crore.

Bondada Group, a prominent player in the construction and engineering sector, has secured a landmark project to develop a 400 megawatt hour (MWh) battery energy storage system (BESS) for Tamil Nadu Green Energy Corporation Limited (TNGECL). The initiative will see large-scale, standalone BESS installations at Vellalaviduthi and Thennampatty, aiming to fortify grid stability, enhance renewable energy integration, and manage peak demand in the state.

Vedanta Resources Limited (VRL), the London-based parent of Mumbai-listed Vedanta Ltd, has secured a term loan facility of up to USD 600 million as part of its ongoing strategy to optimize debt structure, reduce interest costs, and improve its credit profile. The new facility, with favorable terms and participation from global banks, will refinance a high-cost private credit facility. This strategic move is expected to yield annual interest savings of USD 50 million and aligns with VRL’s goal of achieving an investment-grade credit rating.

The Asian Infrastructure Investment Bank (AIIB), co-led by major stakeholders China and India, continues to operate without disruption despite geopolitical tensions between its top investors. In a recent interview, AIIB Vice President of Investment Solutions Ajay Bhushan Pandey emphasized the institution's commitment to multilateralism, professionalism, and global governance. With over 100 member nations and a portfolio exceeding USD 60 billion, the AIIB has emerged as a neutral, development-focused financial entity.