Amazon Enters Health Tech
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🗞️ Amazon Enters Health Diagnostics Space
Amazon India has launched at-home diagnostic services in six cities via its app, offering blood tests and preventive screenings. This marks its first move into India’s growing healthcare services sector.
💬 Expert Take:
“Amazon’s entry into diagnostics is a game-changer. It brings tech-driven convenience to preventive care and will push incumbents to innovate faster,”
— Dr. Ramesh Kulkarni, Digital Health Analyst, HealthNext Ventures
🗞️ HDB Financial ₹12,500 Cr IPO Goes Live
HDB Financial Services launched its long-awaited IPO despite regulatory headwinds. The NBFC is offering ₹12,500 crore worth of shares, backed by parent HDFC Bank, with high expectations from both institutional and retail investors.
💬 Expert Take:
“HDB’s IPO signals maturity in India’s NBFC space. Despite regulatory overhang, investor appetite remains strong given its HDFC pedigree,”
— Ananya Desai, VP, Capital Markets, OakTree Capital
🗞️ Govt Backs Rooftop Solar Startups
The government has introduced a ₹2.3 crore scheme to support startups working on rooftop solar. The initiative aims to scale domestic clean energy innovation and meet national emission targets.
🗞️ SEBI to Reform Mutual Fund Rules
SEBI plans to revamp mutual fund regulations, making them more investor- and industry-friendly. Proposed reforms include simpler onboarding, clearer disclosures, and better liquidity management.
🗞️ Cognizant Expands in India
Cognizant has announced a major investment in a new Indian campus to add tech jobs and expand operations. The move signals confidence in India’s digital talent pool.
🗞️ CBDT Relaxes TDS for IFSC Units
The CBDT has exempted specific IFSC payments from TDS deductions, improving ease of doing business in India’s GIFT City and attracting global financial firms.
🗞️ India Boosts Oil Imports Amid Middle East Crisis
India has ramped up crude imports from Russia and the US in response to the ongoing Iran-Israel conflict, to protect domestic supply chains and manage energy price volatility.
🗞️ Air India Trims Routes by 5%
Air India has reduced narrow-body aircraft services on 21 routes, effective July 15. The airline said this will streamline operations and improve profitability, though it may affect regional connectivity in the short term.