▶️ India-Japan Deepen Ties: India and Japan signed agreements to expand cooperation in AI, critical minerals and energy, strengthening their strategic economic partnership.
▶️ Private Credit Booms: Moody’s said India’s private credit market has doubled to $25 billion in five years and could double again by FY30.
▶️ Carlsberg Files for IPO: Brewing major Carlsberg has filed for an IPO of its India business, aiming to raise up to $700 million.
▶️ SBI Mutual Fund IPO: SBI Mutual Fund is set to launch its $1.2 billion IPO on July 13, making it one of India’s biggest asset management listings.
▶️ IBM to Build Quantum Computer: IBM will set up one of India’s first quantum computers in Amaravati by September 2026, boosting the country’s advanced computing ecosystem.
▶️ Microsoft Expands Digital Infrastructure: Microsoft has partnered with Lightstorm to build a new undersea cable connecting India and Southeast Asia, enhancing regional data connectivity.
▶️ Monsoon Gains Pace: The monsoon has advanced across north and central India, raising hopes for improved kharif sowing and stronger agricultural output.
▶️ Oil Firms Took Big Hit: Union Petroleum Minister Hardeep Singh Puri said the West Asia crisis caused ₹74,781 crore in fuel sales losses for Indian oil marketing companies.
