Vodafone Idea is in talks with the government for AGR relief following a Supreme Court dismissal, crucial for its sustainability beyond FY26. CEO Akshaya Moondra highlighted the need for revised pricing amid low ARPU and industry challenges.
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NeoLiv, a Mumbai-based realty developer, has successfully sold all 263 residential plots in its inaugural project, 'NeoLiv Grand Park' in Kundli-Sonipat, Haryana, generating over Rs 300 crore in sales. The project, spanning 19.46 acres, experienced demand nearly four times the available inventory, highlighting strong buyer confidence.
RBI's recent report reveals a shift in credit distribution, with metropolitan bank branches' share declining to 58.7% in March 2025, from 63.5% five years prior, due to faster credit growth in non-metro areas. Despite this, metropolitan branches still lead in deposit mobilization, growing at 11.7%.
Indian manufacturers, Dixon Technologies and Florence Shoe Company, are rapidly expanding to capitalize on opportunities arising from global companies seeking alternatives to China, especially after Trump's tariffs. Dixon anticipates a $100 billion export potential in the US and EU, while Florence is increasing shoe production for major brands.
Evergent, a California-based AI-powered SaaS provider, has launched its global value center in Hyderabad, already employing 600 professionals and planning to expand to 1,000 by 2025. The company leverages Hyderabad's deep tech talent to develop AI-driven solutions for global media giants, managing over 920 million subscribers through its India-built platform.
Gautam Adani asserts the Adani Group's resilience and strategic adaptation amidst acquisitions and scrutiny, planning a $15–20 billion investment over five years. Despite facing allegations from Hindenburg Research and US authorities, the group has reduced debt, attracted investments, and reported record earnings. Adani emphasizes strong governance and compliance, highlighting expansion across various sectors and contributions to India's ambitions.
Finance minister Nirmala Sitharaman emphasized that embracing rapid technological advancements can significantly boost economic productivity, a primary goal for policymakers. Speaking at the Institute of Economic Growth, she highlighted the increased focus on capital expenditure post-Covid, with states recognizing its growth-enhancing multiplier effect.
Elon Musk's Starlink has received government approval to launch satellite-based communication services in India, including consumer and enterprise internet solutions. This follows the granting of three key licenses. While spectrum allocation is still pending, Starlink will need to establish ground infrastructure, a process requiring security clearances and several months to complete.
A Jefferies report indicates that AI implementation may disproportionately affect entry-level white-collar positions, raising unemployment concerns for recent US university graduates. Sectors like sales, customer support, and software development are particularly vulnerable. While some companies report net employment gains, others acknowledge AI-led staff reductions impacting service quality, highlighting the need for proactive skill development and workplace adaptation.
PM Narendra Modi will inaugurate the Chenab Bridge on June 6. This bridge is the world's highest railway bridge. It connects the Kashmir Valley with India via rail. The bridge is a part of the Udhampur-Srinagar-Baramulla Rail Link project. The project faced engineering challenges due to terrain and seismic sensitivity. The Katra-Srinagar Vande Bharat train service will also launch.
Indian equities experienced a significant surge in May, propelled by strong performances in defence stocks and microcaps. The Nifty 50 rose by 1.71%, while the Nifty Microcap 250 soared by 12.10%. Investor optimism was further fueled in June by a surprise rate cut from the RBI, boosting rate-sensitive sectors.