In a move reflecting deep respect for India’s freedom struggle, the Punjab government has declared July 31 a public holiday to commemorate the martyrdom anniversary of revolutionary hero Shaheed Udham Singh. Recognized for his historic retaliation against British colonial atrocities, Singh remains an enduring symbol of patriotic resistance. The decision is aimed at providing citizens an opportunity to pay homage to his sacrifice, with state offices, schools, and institutions expected to remain closed.

Severe monsoon-triggered flash floods have struck Himachal Pradesh, leaving at least three people dead in the Mandi district and causing widespread disruption across the region. Torrential rains have battered the hilly state, triggering landslides, blocking highways, and stranding hundreds of residents and tourists. Dharamsala, a prominent tourist destination, has been particularly affected, with major roadways rendered impassable due to debris and waterlogging.

In a significant development for the domestic power equipment manufacturing sector, Diamond Power Infrastructure Ltd., a subsidiary of Radiant Cash Management Services, has clinched a major order worth Rs. 1,349 crore from the Adani Group. The order encompasses the supply of power conductors for a range of transmission projects across India. This contract marks a substantial milestone in Diamond Power’s growth trajectory, reinforcing its role as a key player in the transmission and distribution value chain.

Mangalore Chemicals and Fertilizers Ltd. (MCFL), a subsidiary of Zuari Agro Chemicals, posted a 40% year-on-year rise in net profit for the first quarter of FY25, reaching Rs. 61.6 crore. The robust performance was supported by higher operational efficiency and strategic cost management despite a marginal dip in revenue. MCFL’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also improved, signaling stronger margins. With rising demand for agrochemicals and improved monsoon forecasts, the company remains optimistic about future quarters.

Namo Realtech, a rising player in India’s real estate landscape, has secured Rs. 350 crore in funding from a leading financial institution. The capital infusion is aimed at accelerating ongoing construction and fueling the company’s upcoming residential and commercial developments. Amid heightened competition and increasing regulatory oversight in the real estate sector, this funding represents both a vote of confidence in Namo Realtech’s execution capabilities and a strategic move to strengthen its market footprint.

In a decisive display of resilience, Jammu and Kashmir Bank has successfully neutralized a series of cyberattack attempts aimed at breaching its digital infrastructure. Backed by an advanced and constantly evolving cybersecurity framework, the bank reported no financial or data loss, reinforcing public trust in its digital ecosystem.

Kinetic Green has unveiled its latest offering in the electric vehicle (EV) segment—the DX Electric Scooter—targeting cost-conscious urban consumers and last-mile delivery riders. Priced at Rs. 94,990 (ex-showroom), the DX combines affordability with practical design, boasting a removable lithium-ion battery, a travel range of up to 120 kilometers, and smart connectivity features.

Ajanta Pharma reported a 4% year-on-year increase in net profit for the first quarter of FY25, with earnings reaching Rs. 255 crore. The company’s consistent performance was driven by robust growth across its branded generics markets, especially in Asia and Africa. Revenue from operations grew modestly, supported by strategic focus on core therapeutic segments and efficient cost control. While domestic business remained stable, exports provided the key boost.

Transport Corporation of India (TCI), a leading integrated supply chain and logistics service provider, reported a 19% year-on-year growth in net profit for the first quarter of FY25, reaching Rs. 124 crore. The company's performance was bolstered by steady demand in surface transport and multimodal logistics, along with operational efficiency gains. Total revenue rose by 8.6% to Rs. 1,017 crore, underpinned by resilient performance across all business segments. Management remains optimistic about demand recovery in key sectors, including infrastructure, manufacturing, and e-commerce.

In a significant development for India’s pharmaceutical industry, the proposed India-UK free trade agreement (FTA) will not include provisions for patent term extensions or data exclusivity. The exclusion of these clauses preserves India's existing intellectual property framework, safeguarding the country’s ability to produce and export generic medicines at affordable prices. This outcome marks a strategic victory for Indian negotiators, who have long resisted pressures to tighten intellectual property laws in ways that could restrict public access to essential drugs.