The India pharma market (IPM) grew at a strong rate of 11.5 per cent year-on-year (YoY) in June, due to a surge in acute therapies, according to a new report on Wednesday.

In comparison, in June last year, the IPM recorded 7 per cent growth. In May 2025, the pharma market grew 6.9 per cent, revealed the monthly report by Motilal Oswal Financial Services.

It noted that the latest growth was driven by a strong show in segments such as respiratory, cardiac, central nervous system (CNS), and pain therapies, which outperformed IPM in June.

Acute therapy growth stood at 11 per cent in June (vs. 7 per cent in June 2024 and 5 per cent in May 2025) owing to seasonality. Notably, anti-infectives showed considerable recovery in YoY growth in June vs prior months.

HDB Financial, a subsidiary of HDFC Bank and a recently listed upper-layer NBFC, on Tuesday posted a net profit of Rs 567.7 crore for the quarter ended June 30 (Q1 FY26) -- a 2.4 per cent drop compared to Rs 581.7 crore in the same quarter previous year (Q1 FY25).

However, the profit showed improvement on a sequential basis, rising 7 per cent from Rs 530.9 crore in the March quarter of FY25, according to its stock exchange filing.

Commercial development continued to anchor deal value in India in the April-June period this year, accounting for 62 per cent of total investment, as institutional capital targeted resilient, income-generating assets, according to a report on Tuesday.

The quarter saw 17 transactions worth $1.3 billion (including IPOs and QIPs), with 13 deals valued at $775 million excluding public market activity.

“With SM REIT momentum building and India’s largest-ever REIT issue expected in H2, the sector enters the second half of the year with cautious optimism and an institutional focus, said the report by Grant Thornton Bharat.

The January-June (H1 2025) reflects a sector recalibrating for long-term strength in the real estate sector in the country.

“While overall deal values moderated, institutional capital continues to flow steadily into commercial platforms, reinforcing the asset class’s resilience. The return of IPO and SME REIT activity, alongside anticipation of India’s largest REIT, signals that capital markets are gearing up to play a larger role in driving real estate growth,” explained Shabala Shinde, Partner and Real Estate Industry Leader, Grant Thornton Bharat.

Job market momentum and economic opportunity are growing in non-metro cities in India, according to a new report on Tuesday.

The Cities on the Rise report, by professional network platform LinkedIn, identifies Visakhapatnam, Ranchi, Vijayawada, Nashik, and Raipur as the fastest-growing non-metro hubs where professional opportunities are accelerating.

The report also highlights emerging tier-2 and tier-3 growth pockets – Rajkot, Agra, Madurai, Vadodara, and Jodhpur -- for professionals looking to relocate, tap into new industries, or grow their careers locally.

It attributed the success of these emerging cities to central and state government’s push for local development.

“Tier-2 and tier-3 cities are at the heart of India’s economic transformation. The influx of GCC investments, the local MSME boom, and the government’s vision of a Viksit Bharat are collectively turning smaller cities into serious career hubs,” said Nirajita Banerjee, LinkedIn Career Expert and India Senior Managing Editor.

Electric car-maker Tesla on Tuesday entered India with launching its Model Y vehicle with rear-wheel drive (RWD) at a starting price of Rs 59.89 lakh.

Tesla Model Y Long Range rear-wheel drive will cost Rs 67.89 lakh, according to the price list published on its website.

The Model Y starts at $44,990 in the United States, 263,500 yuan in China, and 45,970 euros in Germany. The Indian pricing represents a difference of around $15,000 compared to the vehicle's base price in the US, before any federal tax incentives.

According to available information, Tesla Model Y will initially be available in Mumbai, Delhi and Gurugram, and deliveries are likely to start in the third quarter this year.

Elon Musk-run electric car-maker Tesla is all set to enter the country with the opening of its first showroom in the financial capital on Tuesday, launching Model Y and Model S vehicles in the presence of Maharashtra Chief Minister Devendra Fadnavis.

Although not manufacturing in the country at the moment, the electric automaker is opening its first showroom in Mumbai. Called an "experience centre", the Tesla showroom in the financial capital is situated in a 4,000 square feet retail space, which is closer to US tech giant Apple's flagship store in the Bandra Kurla Complex (BKC).

According to experts, the move comes as part of Tesla's broader expansion strategy in India. In June, the company leased a commercial space in Mumbai's Kurla West, which is expected to serve as a vehicle service facility.

The Department for Promotion of Industry and Internal Trade (DPIIT) has opened applications for the fifth edition of the National Startup Awards (NSA), a flagship initiative under the Startup India programme.

In line with the government’s vision of Aatmanirbhar Bharat and the goal of a five-trillion-dollar economy, Startup India supports startups through initiatives such as startup recognition, tax exemptions, regulatory ease, funding access, and capacity building, according to a Commerce Ministry statement.

“Startups applying to NSA are evaluated through a rigorous multi-stage process involving eligibility screening, sectoral shortlisting, and assessment by expert panels comprising industry leaders, investors, academicians, and government officials. DPIIT leads the execution, with active involvement from concerned ministries and departments to ensure that winners reflect national priorities and sectoral diversity,” said the ministry.

The food delivery market in India is likely to see 13-14 per cent growth in the coming years and a stable-state EBITDA margin of 5 per cent, according to a new report, which added that competitive intensity is moderating in quick commerce which should continue to drive stocks in the near term.

Competitive intensity in the quick commerce market seems a lot more benign than it was six months ago.

Avenue Supermarts Ltd, the operator of the DMart retail chain, saw its consolidated net profit fell marginally in the first quarter of FY26 on a year-on-year basis (YoY), the company said in an exchange filing on Friday.

The Mumbai-based retail chain operator posted a consolidated net profit of Rs 772.10 crore for the quarter ended June 2025, marginally lower than Rs 773.68 crore reported in the corresponding quarter a year back.

Revenue from operations rose over 16 per cent year-on-year to Rs 16,359.7 crore, up from Rs 14,069 crore in Q1FY25, driven by a steady rise in store count and higher footfalls.

Mercedes-Benz India on Friday announced that it has made a strong start to the financial year 2025-26 by retailing 4,238 units in the April-June 2025 period (Q1) -- a 10 per cent growth compared to the same period last fiscal.

This strong growth was driven by high demand for both its core and top-end luxury vehicles, as well as a sharp rise in sales of battery electric vehicles (BEVs).