Safex Chemicals (India) Ltd., a prominent player in India’s specialty chemicals and agrochemical industry, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), seeking approval for an initial public offering (IPO). The IPO comprises a fresh issue of shares worth Rs. 450 crore and an offer for sale (OFS) of 35.73 million equity shares by promoters and investors. The funds will primarily be allocated toward debt reduction and general corporate purposes.

Dabur India Ltd, a stalwart in the FMCG sector, anticipates modest revenue growth in the June quarter, tempered primarily by a decline in beverage sales due to unseasonal rains and a shortened summer season. While overall operating profit is expected to slightly trail revenue growth, the home and personal care (HPC) division, led by strong performances from brands like Dabur Red, Odonil, and Gulabari, demonstrates robust expansion. International markets continue to fuel growth with double-digit gains.

Reliance Retail Ventures Ltd (RRVL) has strategically acquired a minority stake in UK-based FACEGYM, signaling its foray into the burgeoning facial fitness and skincare sector in India. This partnership seeks to blend FACEGYM’s innovative non-invasive facial workouts with Reliance’s omnichannel beauty platform, Tira, to create standalone studios and curated retail spaces in key Indian metros over the next five years.

Air India has compensated nearly two-thirds of the families affected by the tragic June 12 Dreamliner crash near Ahmedabad, which claimed 260 lives, including onboard passengers and those on the ground. Under Tata Sons’ ownership, the airline has provided interim payments of Rs. 25 lakh and committed Rs. 1 crore per deceased family, alongside ongoing support structures for long-term assistance. The carrier continues a strategic "Safety Pause," reducing flights by 15% to conduct rigorous aircraft inspections and enhance operational resilience.

In response to the State Bank of India’s recent classification of Reliance Communications’ (RCom) loan account as “fraud,” two other Anil Dhirubhai Ambani Group (ADAG) companies—Reliance Infrastructure and Reliance Power—have issued formal statements distancing themselves from the development. The companies emphasized that they are independent, publicly listed entities with no financial or operational ties to RCom, nor to its erstwhile director Anil Ambani.

Muthoot FinCorp Ltd, a leading gold loan financier, announced a Rs 290 crore fund-raising initiative through secured and redeemable non-convertible debentures (NCDs). The tranche VI NCD issue, open for subscription until July 17, 2025, offers flexible tenure options ranging from 24 to 72 months and various interest payout modes, with effective yields between 9.2% and 9.8% per annum.

AMD identifies India as a pivotal market and engineering hub, solidifying its collaboration with Reliance Jio through the deployment of high-performance graphic processing units (GPUs) in data centers. With a workforce of approximately 8,000 employees in India, the company underscores its commitment to driving AI advancements and supporting India’s Sovereign AI ambitions. AMD challenges the prevailing narrative of GPU market dominance, emphasizing a diverse ecosystem where multiple players can thrive.

Life Insurance Corporation of India (LIC) has introduced two innovative insurance products, Nav Jeevan Shree and Nav Jeevan Shree Single Premium, aimed at seamlessly integrating life cover with systematic savings. These offerings are tailored to meet evolving financial requirements across different life stages by enabling corpus accumulation through either regular premiums or lump sum investments. Amid a backdrop of fluctuating interest rates and economic volatility, LIC guarantees additions throughout the policy tenure, providing policyholders with a stable and secure investment vehicle.

UCO Bank reported a solid 13.67% year-on-year increase in total business for the quarter ended June 30, 2025, reaching Rs. 5.24 lakh crore from Rs. 4.61 lakh crore in the prior year period. This growth was primarily driven by a 16.58% rise in total advances to Rs. 2.25 lakh crore and an 11.57% increase in deposits to Rs. 2.99 lakh crore. Domestic advances outperformed with nearly 20% growth, supported by a 9.80% rise in domestic deposits.

In a strategic move aimed at capturing the dynamic growth of India’s evolving equity markets, JM Financial Asset Management has launched the JM Large & Mid Cap Fund, an open-ended equity scheme that offers investors a dual exposure to both large- and mid-cap companies. The New Fund Offer (NFO) opens for subscription on July 4 and will close on July 18, 2025. With a focus on blending liquidity, diversification, and risk-adjusted returns, the fund is designed to perform consistently across varying market conditions and sectoral cycles.