Manasum Homes, a Bengaluru-based senior living developer, announced plans to invest more than Rs 150 crore to broaden its footprint across South India. The company is currently developing over 450 senior living units in Bengaluru, Tirupati, and Mysuru through a combination of joint ventures and standalone projects. This strategic expansion follows the success of its existing communities in Bengaluru and Goa, which together comprise over 1,000 units.

SoftBank-backed e-commerce company Meesho has officially shifted its corporate domicile from Delaware to India, merging its US entity with its Indian arm. Approved by the National Company Law Tribunal in Bengaluru, this strategic move is designed to streamline the company’s path toward an initial public offering (IPO) in India. Following the merger, the Indian entity’s name was changed to Meesho Private Limited, signaling a renewed focus on solidifying its presence as a leading Indian e-commerce platform.

In a significant market development, Sunil Vachani, Chairperson and promoter of Dixon Technologies (India) Ltd., offloaded a 2.77% stake in the company through an open market transaction valued at Rs. 2,221.34 crore. This strategic divestment saw Motilal Oswal Mutual Fund acquiring a major portion, increasing its shareholding substantially. The move coincides with Dixon’s impressive financial performance, posting a fourfold surge in net profit for Q4 FY25 and solid revenue growth for the full fiscal year.

The Maharashtra State Road Transport Corporation (MSRTC), India's largest state-run bus service, has revealed a staggering increase in its accumulated losses, reaching Rs. 10,324 crore by the end of the 2023-24 financial year—more than double the Rs. 4,603 crore reported in 2018-19. A white paper detailing the corporation’s financial state also projects further losses of Rs. 1,217 crore for 2024-25.

India has prolonged its ban on Pakistani aircraft operating within its airspace by an additional month, extending the closure until July 24, 2025. This move forms part of a series of stringent retaliatory measures initiated in response to the April 22 Pahalgam terror attack that claimed 26 lives. Pakistan has reciprocated by similarly extending its airspace closure against Indian flights through the same date.

The Apple Farmers Federation of India (AFFI) announced its participation in the nationwide general strike scheduled for July 9, aiming to amplify apple growers’ longstanding demands. Central among these is a push for raising the import duty on apples to 100 percent, a plea that remains unaddressed by the government. With major apple-producing states like Jammu & Kashmir, Himachal Pradesh, and Uttarakhand facing rising input costs and absent minimum support price (MSP) guarantees, farmers are voicing their frustration.

Indian equity benchmarks Sensex and Nifty declined sharply on Monday, as escalating geopolitical tensions in the Middle East following US airstrikes on Iranian nuclear facilities unsettled investors. The 30-share Sensex shed 511.38 points to close at 81,896.79, after plunging over 900 points intra-day. The NSE Nifty fell 140.50 points to 24,971.90. The strikes disrupted earlier market hopes of easing regional conflicts, driving crude oil prices higher and prompting risk aversion. Despite the volatile environment, selective sectoral gains provided partial recovery.

State-owned construction and project management company NBCC Ltd has won a significant contract valued at Rs 296.53 crore from the Meerut Development Authority (MDA) for redevelopment projects in Meerut, Uttar Pradesh. This order marks a strategic expansion of NBCC’s project portfolio in urban infrastructure, leveraging its expertise in project management consultancy and real estate development.

EMS Limited, a Ghaziabad-based engineering, procurement, and construction (EPC) firm specializing in water and sewerage infrastructure, has emerged as the lowest bidder for two major projects valued at Rs 202.85 crore awarded by UP Jal Nigam (Urban). The contracts include the Agra Water Supply Reorganisation Scheme and the Nagar Nigam Ayodhya Sewerage Scheme, with timelines of 24 and 21 months respectively.

VFS Global’s Education, Trade and Migration (ETM) Services unit has entered into a strategic partnership with Rayad Group, an international immigration and legal consultancy, to provide immigration advisory services in India. This collaboration is designed to streamline access to expert guidance for individuals and businesses navigating increasingly complex global mobility requirements.