Weight-loss 'superdrug' becomes an instant blockbuster in India

DEE Development Engineers Limited plans to expand into hydrogen production. The company acquired a stake in Maldives Design Limited. This acquisition will help in hydrogen purification and ammonia cracking. The company aims for technology tie-ups for complete hydrogen plant manufacturing. The government's focus on green hydrogen presents significant business opportunities.

ARM Holdings' India arm has leased over 4 lakh sq ft of Grade-A office space in Bengaluru for 15 years, committing nearly Rs 1,000 crore in rental payments. This significant expansion highlights the growing confidence in India's innovation ecosystem and its role in the global semiconductor industry, reflecting a long-term commitment to R&D and engineering activities.

Gautam Adani, India’s second richest person, earned ₹10.41 crore in FY25, drawing salary from just two of his nine listed companies—Adani Enterprises and Adani Ports. His pay rose 12% from ₹9.26 crore in FY24 but remained lower than many industry peers and even some top executives within his group.

Maruti Suzuki and Hyundai Motor India anticipate export growth in FY26 despite domestic market challenges. Hyundai aims for a single-digit export volume increase, targeting emerging markets and aspires to be Hyundai's largest export hub outside South Korea. Maruti Suzuki projects a 20% export volume surge, driven by diversified markets and new models like Fronx and Jimny, aiming to sell 4 lakh units.

The IEA reports weakened investment momentum in critical minerals in 2024, despite strong demand expectations. Exploration plateaued, and funding for startups slowed. Refined material production concentrated among top suppliers like Indonesia and China, increasing geographic concentration. Surging supply, particularly from these nations, drove down prices for battery metals, with lithium prices plummeting over 80% since 2023.

A 15-member squad in Mumbai's AC local trains has fined 709 ticketless passengers, collecting Rs 2.30 lakh between May 30 and June 5. AC train delays, often caused by overcrowding due to ticketless commuters obstructing door closures, contribute to overall train punctuality issues. Western Railway operates 109 AC local services daily, with delays impacting the railway's schedule.

Sarees are experiencing a resurgence, particularly among Gen Z. Influencers are showcasing innovative ways to style them. They are pairing sarees with sneakers and modern accessories. Designers are adapting to this trend. Brands are witnessing increased sales to younger demographics. The focus is on making sarees accessible and versatile for everyday wear. This reinvention blends tradition with contemporary fashion.