Jio, Airtel add 99.8% of new telecom subscribers in May as Vi, BSNL lose users: Trai
https://timesofindia.indiatimes.com/business/india-business/jio-airtel-add-99-8-of-new-telecom-subscribers-in-may-as-vi-bsnl-lose-users-trai/articleshow/122117291.cms

In May, India's telecom sector saw a slight increase, reaching 120.7 crore subscribers, with Reliance Jio and Bharti Airtel capturing almost all new additions. Jio led with 27 lakh new mobile users, while Airtel added 2.75 lakh, offsetting losses from Vodafone Idea and BSNL. The broadband user base also grew, dominated by Jio and Airtel.

Strategic shipyard deal: Mazagon Dock Shipbuilders to acquire controlling stake in Colombo Dockyard for $52.96 million; India eyes regional maritime edge
https://timesofindia.indiatimes.com/business/india-business/strategic-shipyard-deal-mazagon-dock-shipbuilders-to-acquire-controlling-stake-in-colombo-dockyard-for-52-96-million-india-eyes-regional-maritime-edge/articleshow/122117431.cms

Mazagon Dock Shipbuilders Limited (MDL) is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC) for up to $52.96 million, marking its first international acquisition. This strategic move aims to expand India's maritime influence in the Indian Ocean Region amidst China's growing presence.

Fertilizers push: Coal India to infuse over Rs 1,067 crore in Talcher Fertilizers; coal gasification plant sees 65% progress
https://timesofindia.indiatimes.com/business/india-business/fertilizers-push-coal-india-to-infuse-over-rs-1067-crore-in-talcher-fertilizers-coal-gasification-plant-sees-65-progress/articleshow/122117611.cms

Coal India will invest over Rupees 1,067 crore in Talcher Fertilizers Limited. This investment supports India's first coal gasification-based ammonia urea plant. The Talcher project aims to produce 12.7 lakh tonnes of urea annually. The project faced delays due to the pandemic. Coal India views this investment as crucial for diversification and fertiliser self-sufficiency.

Forex watch: India’s reserves fall $1 billion to $697.93 billion this week; gold and SDR values decline
https://timesofindia.indiatimes.com/business/india-business/forex-watch-indias-reserves-fall-1-billion-to-697-93-billion-this-week-gold-and-sdr-values-decline/articleshow/122117957.cms

India's foreign exchange reserves decreased by $1.01 billion, reaching $697.93 billion in the week ending June 20, according to RBI data. This decline reverses the previous week's increase. The drop was primarily due to decreases in foreign currency assets, which fell by $357 million, and gold reserves, which slipped by $573 million.

Foreign debt climbs: India’s external debt rises 10% to $736.3 billion in FY25; debt-to-GDP edges up to 19.1%
https://timesofindia.indiatimes.com/business/india-business/foreign-debt-climbs-indias-external-debt-rises-10-to-736-3-billion-in-fy25-debt-to-gdp-edges-up-to-19-1/articleshow/122118155.cms

India's external debt experienced a 10% surge, reaching $736.3 billion by March 2025, with the debt-to-GDP ratio slightly increasing to 19.1%. The non-financial corporate sector held the largest share of borrowing, while loans constituted the major component of the total external debt. The US dollar remained the dominant currency in India's foreign borrowing.

JSW to buy Dulux paints biz for Rs 9,000 crore
https://timesofindia.indiatimes.com/business/india-business/jsw-to-buy-dulux-paints-biz-for-rs-9000-crore/articleshow/122122624.cms

Prada bows to massive online backlash! Italian brand forced to credit Kolhapuri chappal designs; legal options being mulled in India
https://timesofindia.indiatimes.com/business/india-business/prada-bows-to-massive-online-backlash-italian-brand-forced-to-credit-kolhapuri-chappal-designs-legal-options-being-mulled-in-india/articleshow/122124489.cms

Prada's 2026 menswear line, featuring sandals resembling Kolhapuri chappals, has sparked controversy in India over cultural appropriation. While Prada acknowledges the design's inspiration and commits to engaging with Indian artisans, LIDCOM is considering legal action due to the lack of credit and potential GI violation.