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.

Mahindra Holidays & Resorts India Ltd. (MHRIL), through its wholly owned Finnish subsidiary Holiday Club Resorts Oy (HCR), has acquired full ownership of a Finnish mutual real estate company, Keskinäinen Kiinteistö Oy Salla Star (KKOSS), for Rs. 2.35 crore. This strategic transaction consolidates HCR's position in the Nordic hospitality market, providing it with direct control over a property it has been leasing since 2012.

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.

Meesho, the Bengaluru-based e-commerce startup backed by Japanese investment giant SoftBank, has initiated a confidential filing with India’s Securities and Exchange Board (SEBI) for an initial public offering (IPO). The company, known for its asset-light, social commerce model, intends to raise at least Rs. 4,250 crore through the offering. By leveraging SEBI’s pre-filing confidentiality provision, Meesho aims to maintain strategic discretion while navigating fluctuating market conditions.

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.

Ather Energy, the Bengaluru-based electric two-wheeler manufacturer, has reached a major milestone by crossing the one lakh unit sales mark for its Rizta scooter. In celebration, the company has unveiled a new variant of the Rizta S, now equipped with a larger 3.7 kWh battery. This model offers an extended range of 159 km per charge, making it an attractive proposition for urban commuters seeking a practical and affordable electric scooter. Priced at Rs.