India

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.

State-owned mining company MOIL Ltd. has posted its highest-ever quarterly manganese ore production, reaching 5.02 lakh tonnes during the April–June period of FY2025, marking a 7% year-on-year increase. June alone saw output touch a new monthly high of 1.68 lakh tonnes, reflecting a 2% uptick over the same month last year.

Marico Ltd., one of India’s leading FMCG companies, expects modest growth in operating profit for the June 2025 quarter due to sustained inflation in key raw materials like copra and a high base from the previous year. Despite pressure on gross margins, the company continues to invest in brand equity, new product categories, and international markets. Encouraging signs of rural recovery, steady urban demand, and solid volume growth across core brands such as Saffola and Value-Added Hair Oils have led to a consolidated revenue growth in the low twenties.

In a strategic move aimed at strengthening its global footprint, InterGlobe Aviation, the parent company of IndiGo, has appointed former Niti Aayog CEO and India’s G20 Sherpa, Amitabh Kant, as a Non-Executive Director. Subject to regulatory and shareholder approvals, Kant’s induction to the board aligns with IndiGo’s broader vision to become a globally competitive airline by 2030.

The Tata Group is in advanced discussions to acquire full ownership of Resurgent Power Ventures Pte, a Singapore-based energy investment platform. Tata Power, which currently holds a 26% stake through a subsidiary, is negotiating with other shareholders—including ICICI Venture Funds, the Kuwait Investment Authority (KIA), and the Oman Investment Authority (OIA)—to purchase their combined 74% interest. The proposed deal would value Resurgent Power at approximately $2.1 billion, inclusive of debt.

Reliance Industries Ltd (RIL), India’s largest conglomerate by market capitalization, is initiating a strategic reorganization of its consumer-facing retail operations. The plan involves consolidating all of its fast-moving consumer goods (FMCG) brands—currently spread across multiple subsidiaries—into a standalone entity. This structural overhaul aims to provide specialized managerial oversight and attract investors with a concentrated interest in India’s growing consumer goods sector.

Shadowfax Technologies Ltd, the Flipkart-backed logistics startup, has taken a decisive step towards public listing by confidentially submitting its draft red herring prospectus to the Securities and Exchange Board of India (SEBI). The initial public offering (IPO) aims to raise Rs. 2,000–2,500 crore through a mix of fresh capital and an offer for sale by existing investors. Market insiders peg the company’s valuation at approximately Rs. 8,500 crore—significantly higher than its Rs.