JM Financial Limited has taken a decisive step to strengthen its lending business by acquiring the remaining 2.98 percent stake in its non-banking financial company arm, JM Financial Credit Solutions Ltd (JMFCSL), from Moraine Master Fund LP. The transaction, valued at approximately Rs. 88.97 crores, was finalised on July 1, 2025, through a cash deal.
This move has resulted in JMFCSL becoming a wholly-owned subsidiary of JM Financial, marking a new chapter for the group’s financial services operations.
The acquisition involved the purchase of 84,343 equity shares, which represented the final minority interest in JMFCSL. Before this deal, JM Financial already held a 97.02 percent stake in the company.
The share purchase agreement was signed on June 27, 2025,and the completion of this transaction has allowed JM Financial to gain full operational and strategic control over its NBFC arm. According to the company,this consolidation is expected to boost its share in consolidated profits, optimise capital allocation, and streamline the distribution of profits within the group.
5 July 2025, communities around the world are coming together to celebrate the International Day of Cooperatives (CoopsDay) under the inspiring theme: “Cooperatives: Driving Inclusive and Sustainable Solutions for a Better World.”
This year’s event is especially significant, taking place during the United Nations International Year of Cooperatives (IYC2025)—a rare, once-in-a-decade moment to spotlight the vital role of cooperatives in creating fairer, more resilient societies.
CoopsDay 2025 also connects with two major global efforts: the UN’s High-Level Political Forum,
which is reviewing key Sustainable Development Goals, and the upcoming Second World Summit for Social Development. These milestones remind us that cooperatives are not just local solutions—they’re part of a global movement for change.
India’s 14-year-old Vaibhav Suryavanshi smashed the fastest known century in Youth ODIs. He scored three figures in just 52 balls against England in Worcester on Saturday. Suryavanshi knocked 13 fours and 10 sixes. He shared 219-run stand for the second wicket with Vihaan Malhotra, who remained unbeaten on 100.
With help of both centuries, India, put to bat, scored 393 for 9 in stipulated 50 overs.
India, leading the five-match series 2-1, are now well placed to seal the series with a win in Worcester.
At the 2025 Para-Archery Asian Championships in Beijing, Indian para-archers clinched two golds on Saturday taking total medal tally to seven. The women’s compound team of Sheetal Devi and Jyoti defeated China 148-143 to clinch gold. Harvinder Singh and Bhawna secured another gold in mixed recurve after a dramatic 5-4 shoot-off win.
India also earned three silvers in the men’s recurve open, men’s compound open, and mixed compound open events. Rakesh Kumar won two silvers – in the men’s compound team with Shyam Sundar Swami and in mixed doubles with Jyoti.
Reigning World Champion Gukesh Dommaraju has won the rapid title at the Rapid and Blitz tournament part of the 2025 Grand Chess Tour at Zagreb in Croatia.
The 19-year-old Indian player defeated America’s Wesley So in the final round to seal the rapid section.
Gukesh defeated Wesley in 38 moves with white pieces to secure his seventh win of the rapid section.
The 19-year-old scored 14 points out of a possible 18, to finish at the top of the standings. Jan-Krzysztof Duda of Poland is placed second with 11 points, with former World Champion and World No. 1 Magnus Carlsen of Norway third with 10 points.
The only other Indian in the fray, Praggnanandhaa Rameshbabu, got nine points, to share fourth place with Fabiano Caruana.
This is the third tournament of the Grand Chess Tour 2025 calendar – the Poland and Romania editions finished in April and May.
Praggnanandhaa won the title at Bucharest in Romania and finished third at Warsaw in Poland. Two tournaments will take place in the US in August, with the final one taking place in Brazil from September to October.
India contributed around 6.7 per cent to the global economy's incremental growth in FY25, and the State Bank of India (SBI) alone accounts for 1.1 per cent of the incremental growth, according to a report by SBI research.
The report highlights India's strong performance on the global economic front, adding $297 billion to the total increase in global GDP during FY25.
The world economy grew by $4,118 billion in FY25, and India's share in this was $297 billion.
This means India accounted for nearly 7 per cent of the total rise in the global economy, showing its growing importance and strength as one of the leading contributors to global growth.
The report also mentioned that out of India's contribution, SBI alone added $44 billion through its asset size. This contribution by SBI accounts for about 1.1 per cent of the total increase in global GDP in FY25.
The report adds that SBI also accounts for about 16 per cent of India's total GDP addition in FY25, showcasing the bank's strong role in the country's economy.
The report also mentioned that SBI contributed 8.7 per cent to the Gross Value Added (GVA) of financial services in India during FY25.
The bank's gross value added stood at ₹1,38,533 crore in FY25, up from ₹1,32,157 crore in FY24. This reflects a year-on-year growth of 5 per cent in SBI's value addition.
The government has reduced the toll rates up to 50% for the sections of National Highways that have structures like tunnels, bridges, flyovers or elevated stretches, a move which will lower travelling cost for motorists.
User charges at fee plazas on National Highways are collected as per NH Fee Rules, 2008.
The Ministry of Road Transport and Highways has made amendment to 2008 rules and notified a new method or formula for calculating toll charges.
The company’s approval from the Indian National Space Promotion and Authorisation Centre (IN-SPACe) paves the way for India’s entry into the global satellite broadband race, long dominated by international giants like Elon Musk’s Starlink, Eutelsat OneWeb, and Amazon’s Project Kuiper.
Ananth Technologies plans to launch a 4-tonne geostationary (GEO) communication satellite capable of delivering up to 100 Gbps of broadband capacity across India. Backed by an initial investment of Rs. 3,000 crore, the service is expected to go live in 2028, with potential for expansion based on market demand.
Unlike Starlink, OneWeb, and Kuiper, which operate in low Earth orbit (LEO) — offering low latency but requiring hundreds of satellites for coverage — Ananth’s strategy relies on a single geostationary satellite positioned over 35,000 km above Earth.
While GEO satellites typically have higher latency, they offer wider regional coverage, making them ideal for large, densely populated countries like India. A single GEO satellite can cover the entire Indian subcontinent, unlike LEO constellations which require a mesh network to ensure consistent coverage.
India and Trinidad and Tobago have signed six agreements aimed at strengthening bilateral cooperation in the areas of infrastructure, pharmaceuticals, development projects, sports, education, cultural exchange programmes and diplomatic training.
Puducherry has become the first state to include screening for tuberculosis (TB) patients under the initiative of “Family Adoption Program” where medical students adopt families as part of their community outreach.
When medical students adopt a family, they also screen all members of the family for TB.
The National Medical Commission had previously made it mandatory for medical students to adopt 3 to 5 families and follow up with them for three years.
Dr. Vasudevan added that to identify the reasons for TB-related deaths, Puducherry has now adopted an initiative of Verbal Autopsy.
Puducherry’s nine medical colleges are now working as pillars in the UT’s TB elimination fight, contributing to 45% of TB notifications and actively participating in Active Case Finding (ACF) drives.
These institutions are working with the State TB Cell to identify vulnerable populations and map them as moderate or high risk.
The mapped individuals are tested using highly sensitive tests – AI-enabled Handheld chest X-rays and NAAT – molecular diagnostics. People with co-morbidities and other vulnerabilities that predispose them to the disease, are identified in the database and are followed up with in the future case finding drives as well, added officials.
The National Tuberculosis Elimination Programme (NTEP) is being implemented in Puducherry UT from 20th February 2004 under Department of Health & Family Welfare Services and National Health Mission. Puducherry UT has only one NTEP district covering a population of 13.92 lakhs.
The Indian Navy commissioned INS Tamal (F 71) on 01 Jul 2025 at Yantar Shipyard, Kaliningrad, Russia, in the presence of VAdm Sanjay Jasjit Singh, the Flag Officer Commanding-in-Chief, Western Naval Command.
INS Tamal is the eighth multi-role stealth frigate in the series of Project 1135.6 and the second of the additional follow-on Tushil class of ships.
The first ship of Tushil class (INS Tushil) was commissioned on 09 Dec 24 in presence of Honourable Raksha Mantri. All seven ships inducted thus far are part of the Western Fleet - 'The Sword Arm' of the Indian Navy under the Western Naval Command. This ceremony marks the formal induction of INS Tamal into the Indian Navy.
The ship is commanded by Capt Sridhar Tata, a gunnery and missile warfare specialist.
The ship was launched on 24 February 2022. She sailed for her maiden sea trials Nov 2024, and completed an exhaustive schedule of Factory Trials State Committee Trials and the Delivery Acceptance Trials, both in harbour and at sea, by Jun 2025.
The ship has successfully carried out trial firing of all her Russian weapon systems including the vertical launched surface to air missile Shtil-1, artillery weapons and torpedos.
INS Tamal is manned by a crew of about 250 sailors and 26 officers. The officers and sailors of this ship embody the ships motto – Sarvatra Sarvada Vijaya (Victory always everywhere).
Andhra Pradesh has been placed in the ‘Good’ category in the Management Effectiveness Evaluation (MEE) of National Parks and Wildlife Sanctuaries 2020–25, conducted by the Wildlife Institute of India (WII).
The report was released by Union Environment Minister Bhupender Yadav during the Indian Conservation Conference (ICCON-2025), held from June 24 to 27 at WII in Dehradun.
Teghbir Singh has become the youngest ever in the world to scale the Mount Elbrus which is the highest peak of European continent and located in Russia at a height of more than 18,510 ft (5,642 metres). He is all of six years and nine months.
Hailing from Ropar, Teghbir started the trek to the Mount Elbrus on June 20 and walked all along to reach the Elbrus peak,
the highest point of the mountain, on June 28, 2025.
It is a low-oxygen trek and one needs preparation to tackle problems associated with altitude sickness. However, conquering all these challenges, Teghbir reached the summit, where normal temperature is -10 Celsius.
After conquering the peak, he received the Mountain Climbing Certificate issued by Mountaineering, Rock Climbing and Sports Tourism Federation Of Kabardino – Balkarian Republik (Russia).
The previous world record was set last year by Wagah Kushagra, a native of Maharashtra, at the age of 7 years and 3 months.
In August 2024, Teghbir had become the youngest Asian to scale Mt Kilimanjaro (highest peak of African continent). His name features in the Asia Book of Records and India Book of Records.
He had also reached Mt Everest Base Camp, Nepal, in April 2024
Suriname became the first country in the Amazon region to receive malaria-free certification from the World Health Organization (WHO). This historic milestone follows nearly 70 years of commitment by the government and people of Suriname to eliminate the disease across its vast rainforests and diverse communities.
With this announcement, a total of 46 countries and 1 territory have been certified as malaria-free by WHO, including 12 countries in the Region of the Americas.
Suriname’s malaria control efforts began in 1950s in the country’s densely-populated coastal areas, relying heavily on indoor spraying with the pesticide DDT and antimalarial treatment.
By the 1960s, the coastal areas had become malaria-free and attention turned towards the country’s forested interior, home to diverse indigenous and tribal communities.
