Category Archives: Business

Cooperatives drive inclusive growth in India: Report

New Delhi, July 6: India’s cooperative ecosystem is emerging as a strong pillar of inclusive development, playing a growing role in supporting rural livelihoods and broad-based economic participation, according to a recent report.

The report highlighted that cooperative institutions across agriculture, dairy, credit, fisheries, and small-scale enterprises are helping improve access to affordable finance, fair markets, and essential services. This has particularly benefited farmers, rural households, and self-help groups by strengthening income opportunities at the grassroots level.

It added that ongoing policy support, institutional reforms, and increasing digital adoption have improved transparency, efficiency, and outreach within the cooperative framework. These developments have enabled cooperatives to function more effectively as community-driven economic units.

Experts noted that the cooperative model continues to contribute to balanced regional development by reducing disparities between urban and rural economies. They said its expanding role in employment generation, skill development, and value-chain integration is helping position it as a key engine of inclusive growth in India’s development landscape.

India’s deal value jumps 127 pc to four-year high in Q2: Report

India–New Zealand Trade, Travel Surge Ahead of FTA Rollout

July 6: Trade and tourism between India and New Zealand are witnessing strong growth ahead of the implementation of the proposed Free Trade Agreement (FTA) between the two nations.

Export volumes from India have increased in recent months, reflecting higher demand for Indian goods and services in overseas markets. At the same time, there has been a noticeable rise in visitor arrivals from India to New Zealand, driven by tourism, education, and business travel.

Officials from both countries said this upward trend signals growing confidence among businesses and travellers as economic ties continue to strengthen. They added that the upcoming FTA is expected to further reduce trade barriers, simplify customs procedures, and open new opportunities for exporters, investors, and service providers.

The agreement is also expected to boost cooperation in sectors such as agriculture, technology, education, and tourism, while improving market access for businesses on both sides.

Overall, the rising trade and travel activity highlights deepening economic engagement between India and New Zealand ahead of the formal rollout of the FTA.

Best Buy India Head Surendra Bashani inspires future leaders at NMIMS Bengaluru MBA Batch 17 inauguration

Bengaluru, July 06: SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), School of Business Management (SBM), Bengaluru, officially welcomed the incoming cohort for its MBA Batch XVII (2026–2028) at its Bannerghatta campus during an inspiring orientation and inauguration program. This marks the beginning of a transformative academic journey for aspiring managers and change-makers who are poised to shape the future of industry and society.

The inauguration commenced with the traditional Deeksharambham ceremony, followed by the invocation, lighting of the lamp, and the singing of the NMIMS Anthem. The event brought together students, faculty, staff, alumni, and distinguished industry leaders to celebrate the commencement of the new academic session, introducing the fresh batch to SBM’s rigorous academic ecosystem, industry-oriented learning approach, and leadership development framework.

Addressing the incoming cohort the Chief Guest, Mr. Surendra Bashani, Head of Best Buy India, a seasoned global executive with decades of experience leading product, engineering, and business organizations, shared valuable perspectives on leadership, innovation, adaptability, and the vital importance of building high-performance teams in an increasingly dynamic corporate landscape.

Mr. Surendra Bashani, Head of Best Buy India, said: “The gap between corporate needs and academic learning is closing fast, and institutions like NMIMS are at the forefront of this evolution. To the MBA Batch of 2026–2028, the industry values leaders who bring a blend of technological adaptability and strategic problem-solving. I am confident that the rigorous environment here will prepare these minds to lead the next generation of global businesses.”

Welcoming the new batch, SBM Bengaluru leadership emphasized the importance of embracing learning beyond the classroom and developing the ethical grounding required to succeed in an increasingly interconnected and technology-driven business environment.

Dr. Narayani Ramachandran, Campus Director, NMIMS Bengaluru, stated: “At NMIMS Bengaluru, we don’t just teach business; we shape the leaders of tomorrow. As we welcome the MBA Batch of 2026–2028, our commitment remains fixed on delivering an education grounded in innovation, global perspectives, and strong ethical values. This new cohort represents the future of corporate leadership, and we are dedicated to providing them with the ecosystem they need to thrive.”

Reinforcing this vision, Dr. Narayani Ramachandran led the incoming batch in taking the Sustainability Oath, showcasing the institution’s deeply rooted commitment to responsible and sustainable leadership. The proceedings also featured an inspiring address by Dr. Mallika Srivastava, Program Chairperson, who highlighted the school’s commitment to combining academic rigor with industry relevance.

NMIMS School of Business Management, Bengaluru, follows the distinctive ‘One MBA, One Curriculum’ approach, ensuring a consistent and standardized learning experience across all NMIMS campuses. This integrated model guarantees that every NMIMS MBA graduate receives the same high-quality education, preparing them to excel in an increasingly competitive global business environment.

Sensex, Nifty extend 4-day winning streak as realty and auto stocks drive market rally

Mumbai, July 6: Indian equity benchmarks Sensex and Nifty extended their gains for the fourth consecutive trading session, supported by strong buying interest in realty and auto stocks.

The markets opened on a positive note and maintained upward momentum through the session, with sectoral strength in real estate and automobile shares leading the rally. Broader market indices also traded firm, indicating healthy participation across segments.

Analysts said investor sentiment has improved due to sustained domestic inflows and optimism in select sectors. Realty stocks gained on expectations of steady demand and strong project pipelines, while auto stocks advanced on hopes of stable sales trends and improving rural demand outlook.

However, market experts cautioned that global cues, including movements in crude oil prices, inflation trends, and overseas market performance, could influence near-term volatility. They also noted that intermittent profit booking may emerge after the recent multi-session rally.

Where Mumbai Gathers This Monsoon: The Fondue State Of Mind at Amelia

With every season, Amelia has given diners a new reason to return, creating limited-edition menus that capture the mood of the moment with imagination and intention. This monsoon, the restaurant continues that tradition with The Fondue State Of Mind, a seasonal offering that transforms one of Europe’s most cherished dining rituals into an experience designed for Mumbai’s rainy days and lingering evenings.

At the heart of the menu is fondue, a dish that has always been about bringing people together. Created to be shared, Amelia‘s collection of signature fondues invites guests to gather around the table, slow down and savour the simple pleasure of good food and even better company. From the timeless Swiss Cheese Fondue to the rich Truffle Mushroom Fondue, each pot is paired with accompaniments that make every bite a little different, before ending on a sweet note with the Chocolate Hazelnut Fondue.

The experience is complemented by a seasonal beverage menu inspired by the romance of the rains, featuring creations such as the warming Saffron Ember and the vibrant Monsoon Canopy, thoughtfully crafted to accompany the menu and the mood of the season.

More than a seasonal menu, The Fondue Affair celebrates the return of slow afternoons, shared tables and conversations that stretch well beyond the final course. It is Amelia‘s invitation to embrace the monsoon the way it was always meant to be enjoyed, together.

What: The Fondue State Of Mind at Amelia
Where: Amelia, BKC.
When: July onwards

Record Rental Activity Marks Strong Month for Dubai Real Estate

 Sales surge across all property segments as June takes Q2 deals to 38,157 worth AED110.2 billion

Dubai, UAE, July 06: The Dubai real estate market recorded a record number of rental contracts in June as property sales grew in value and volume month on month in another clear sign of growing confidence in the property sector.

A market analysis from fäm Properties today shows that 40,022 rental contracts were registered in June, making it the highest ever monthly total on record.

The volume of new contracts registered leapt 48.6% YoY to 19,245, while renewed contracts were up 28.5% YoY to 20,777, reflecting sustained demand across both new tenants and existing residents choosing to stay in Dubai.

Based on open data available from DXBinteract, June delivered 13,933 sales transactions valued at AED33.2 billion, a 35.5% MoM increase in volume and a 14.9% MoM rise in value.

This brought the total amount of sales transactions for Q2 to 38,157 deals worth AED110.2 billion, with an overall volume of 86,077 sales transactions worth AED286.2 billion for the first half of 2026.

“Buyers and tenants are showing a growing amount of confidence, and this is reflected in both rentals and sales, and across each of the property sectors,” said Firas Al Msaddi, CEO of fäm Properties.

“The consistent performance of Dubai South is what moves a location from emerging to established in buyers’ minds, and this is also a good sign for the market’s long-term direction.”

Month on month growth across each sector in June highlighted the market’s underlying strength and resilience as villa sales rose 46.5% MoM to 1,474 worth AED7.5 billion, with apartment sales climbing 32.3% MoM in volume to 11,605 worth AED17.8 billion.

In the commercial sector, including offices and shops, sales volumes climbed 42.7% MoM to 478 deals worth AED2.3 billion, while plot sales soared 68.3% in volume to 276 valued at AED5.4 billion.

Primary sales again dominated in June, with 10,398 transactions worth AED 21.6 billion compared with 3,535 valued at AED11.6 billion in the resale market.

For the fourth consecutive month, Dubai South ranked as the best-performing area in the emirate’s property sector, recording 2,869 transactions worth AED3.3 billion, an increase of 111% in volume and 106% in value MoM.

It was the eighth straight month in the top five for Dubai South, where growth has largely been driven by developer off-plan sales, reflecting genuine end-user and investor confidence in the government’s long-term development vision for this fully integrated, connected urban and business hub.

The most expensive apartment sold in June went for AED200 million at Bugatti Residences By Binghatti at Business Bay, while the most expensive villa fetched AED89 million at Eden Hills

With properties worth more than AED5 million accounting for 6.8% of sales, 8.3% were between AED3-5 million, 12.3% between AED2-3 million, 30.2% between AED1-2 million and 42.2% were below AED1 million.

TOP FIVE PERFORMING AREAS IN JUNE 2026

Transactions Sales value

Dubai South 2,869 AED3.3B

Jebel Ali First 1,153 AED1.4B

Al Barsha South Fourth 764 AED1.0B

Wadi Al Safa 5 526 AED815.3M

Al Thanya Fifth 497 AED1.4B

BEST-SELLING PROJECTS IN JUNE 2026

Primary market apartments

Primary market villas

Resale apartments

Resale villas

Integrated Townships: Talegaon’s Best Path to Lasting Value

Anil Pharande, Founder & Chairman – Pharande Spaces

Talegaon’s moment has arrived – and integrated townships are the clearest way to convert its infrastructure tailwinds into long-term, liveable value. The belt’s unique mix of industrial scale, improving regional connectivity, and still-intact natural character makes township-scale planning not just attractive, but strategically necessary.

Why Townships Fit Talegaon Perfectly

Talegaon has the land scale and flexibility needed for internal roads, green corridors, and social infrastructure that smaller projects cannot easily provide. With major industrial and logistics hubs expanding nearby – from auto-component manufacturers to warehousing parks – integrated townships can house the workforce closer to employment nodes, cutting commute times from over an hour to potentially 15-20 minutes.

The connectivity story strengthens this further. The Pune Ring Road, the Talegaon-Chakan-Shikrapur corridor, and access to the Mumbai-Pune Expressway and Lonavala link make large-scale, mixed-use communities more viable and more attractive for families, employers, and investors alike. A factory supervisor working in Chakan, for instance, could live in a Talegaon township and reach work in under half an hour – something impossible with today’s fragmented development patterns.

Talegaon’s appeal also extends beyond daily convenience into lifestyle and leisure. Lonavala is a short drive away, making spontaneous weekend breaks or even evening outings entirely feasible. Residents are also within easy reach of some of the region’s most popular cave sites and trekking trails, from Karla and Bhaja caves to the Sahyadri hill routes that attract both casual walkers and serious trekkers. This proximity to nature and heritage adds a dimension that few emerging micro-markets can offer – the ability to balance work, home, and recreation without long-distance travel.

What Integrated Townships Deliver for Everyday Life

Integrated townships do more than provide housing – they eliminate the daily friction that fragmented developments create. Consider what a typical week looks like for a resident:

– Children walk or take a short shuttle to an on-campus school instead of a 45-minute commute across town – A young family accesses a multi-specialty clinic within the township instead of driving to Pune for routine care – Weekend groceries and essentials come from an in-township retail street, not a 20-minute drive to the nearest mall. – Evening walks happen along landscaped green corridors and jogging tracks, not next to traffic-choked highways – Senior citizens have access to community clubs and healthcare on-site, reducing dependence on family for daily mobility

These aren’t add-ons, but the difference between a housing project and a functioning neighbourhood.

Townships also allow utilities to be planned more efficiently at scale. Water management, sewage treatment, energy systems, and waste handling become easier to manage when built into the framework from the start – meaning residents get consistent water pressure, reliable power backup, and proper waste segregation instead of the ad hoc fixes common in standalone buildings.

Just as important, township planning preserves Talegaon’s green advantage. Large open areas, better building orientation, and ecological buffers help protect the cleaner air and scenic character that make the location appealing in the first place – the same hills and open skies that draw weekend visitors from Pune and Mumbai today.

The Economic Logic

The strongest argument for integrated townships is that they can serve two markets at once. A 1BHK or 2BHK unit can offer affordable homes for workers in industrial and logistics sectors, while larger villas and premium apartments within the same township appeal to families seeking more space, better surroundings, and a higher quality of daily life.

This balance is hard to achieve in standalone projects. In a township model, infrastructure costs get spread more efficiently across thousands of units rather than hundreds, while the overall project retains the scale needed to appreciate over time as connectivity and employment improve.

Early buyers in well-planned townships near Pune’s other growth corridors have typically seen steadier price appreciation than buyers in isolated, single-building projects – precisely because the surrounding ecosystem matures alongside the homes.

Why Planning Matters Now

Talegaon is at a critical planning stage. Infrastructure investments are moving ahead, but demand must be met in a way that protects long-term liveability.

If growth comes through fragmented projects without proper road widths, green buffers, or social infrastructure, Talegaon could lose the very qualities that make it attractive today – narrow lanes clogging with traffic, ad hoc borewells straining groundwater, and encroachment eating into the green cover that currently defines the region.

The lesson from better-planned urban areas near Pune is clear: disciplined township development creates stronger long-term outcomes than piecemeal expansion.

What Buyers Should Look For

The ideal Talegaon township is a well-planned community offering housing across segments, a mixed-use core, strong internal connectivity, and large green buffers. Beyond the brochure, prospective buyers should specifically check for:

– A flood-free gradient – Talegaon’s abundant greenery and open spaces mean it receives heavier-than-average monsoon rainfall, so drainage planning and elevation matter more here than in drier parts of Pune – Easy access to workplace nodes in Chakan, Talegaon MIDC, and the broader industrial belt – On-site or near-site schools, healthcare, and daily-needs retail – Internal road widths and green buffers that won’t feel congested a decade from now – A developer track record of delivering – not just planning – township-scale infrastructure

It must be scientifically designed by an expert township developer who understands how to work with the area’s natural gradient and scenic character rather than against it. Integrated townships are not just one option for Talegaon – they are the best format for unlocking its advantages without compromising its future.

Anil Pharande is the Chairman of Pharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond.Pharande Promoters & Builders IS an ISO 9001-2000 certified company established in 1994. The company has built a substantial footprint over three decades and is today synonimous with premium gated communities, massive integrated townships and high-grade commercial office and retail projects.Pharande Spaces is renowned for its systematic town planning, green living concepts, and high-quality construction.

Veranda PHIRE Veranda PHIRE announces scholarships

Chennai, July 6: Veranda PHIRE, the BFSI skilling and placement vertical of Veranda Learning, has announced a special scholarship initiative for students who graduated in 2026, making its industry-focused Live Online Banking Career Program significantly more accessible.

Under this initiative, eligible graduates can enrol in Veranda PHIRE’s Live Online program for Rs. 15,000 or Offline classes in Chennai at Rs.20,000, against the regular course fee of Rs. 60,000 for Online and Rs.75,500 for Offline, enabling aspiring professionals to build job-ready skills and access placement opportunities in India’s fast-growing banking and financial services sector. Designed in collaboration with industry experts, the program equips learners with the practical knowledge, communication skills, and domain expertise required for entry-level roles across banks and BFSI organisations.

Veranda PHIRE has consistently partnered with leading BFSI employers and has facilitated more than 600 placements till March 2026 across marquee organisations, including Equitas Small Finance Bank, City Union Bank, HDB Financial Services, Jana Small Finance, RBL Bank and Axis Bank, among other leading financial institutions.

Speaking about the initiative, Pravin Menon, CEO, Veranda PHIRE, said,

“Many talented graduates are unable to pursue career-oriented training because of financial constraints. Through this scholarship initiative, we want to remove that barrier and provide deserving students with access to high-quality industry training and meaningful career opportunities in BFSI Sector. Our focus is not just on skilling learners but on preparing them for successful careers in the BFSI sector.”

The scholarship offer is available for a limited period and is applicable to eligible graduates from the 2026 batches.

Students interested in applying can visit Veranda PHIRE‘s official channels or contact the admissions team for eligibility details and enrolment.

Haaland Stuns Brazil Norway Pull Off Historic World Cup Shock to Reach Quarter-finals

New Jersey, July 06: Norway produced one of the biggest upsets of the FIFA World Cup 2026, defeating Brazil 2-1 at the New York New Jersey Stadium to book a place in the quarter-finals for the first time in their history. Erling Haaland once again proved to be the difference, scoring twice in the second half as the Nordic nation sent the five-time champions crashing out of the tournament. 

The opening 45 minutes ended goalless, but it was far from lacking in drama. Norway thought they had made the perfect start when Sander Berge found the net, only for the goal to be ruled out for offside. Brazil was then handed a golden opportunity after Kristoffer Ajer brought down Matheus Cunha inside the box. Bruno Guimaraes stepped up to take the first penalty of his international career, but his tame effort was comfortably saved by Orjan Nyland, who went on to make two more crucial stops to keep the scores level. 

Despite enjoying only around 35 per cent possession, Brazil’s lowest share in a World Cup match since records began in 1966 the Selecao looked the more threatening side before the break. Vinicius Junior and Martin Odegaard both forced fine saves from their respective goalkeepers, while Brazil created the better openings, finishing the half with an expected goals (xG) tally of 1.13 compared to Norway’s 0.44. 

Norway continued to dominate possession after the restart, patiently searching for an opening against a disciplined Brazilian defence. Carlo Ancelotti’s men remained compact, sitting deep and looking to hurt Norway on the counterattack rather than pressing high up the pitch. 

Just before the hydration break, Ancelotti introduced Neymar in place of Gabriel Martinelli, prompting a huge roar from the Brazilian supporters. The veteran’s arrival injected fresh energy into Brazil’s attack, but Norway’s defence continued to stand firm. 

The breakthrough finally arrived in the 79th minute, and it came from the man who has carried Norway throughout the tournament. Andreas Schjelderup delivered a superb cross from the left, and Haaland rose above Gabriel to power an unstoppable header beyond Alisson. It was the striker’s sixth goal of the World Cup and his 14th consecutive goal in a competitive international, making him only the eighth European player to score in each of his first four World Cup appearances. 

Brazil pushed desperately for an equaliser, but Norway remained composed and delivered the decisive blow in stoppage time. Schjelderup once again turned provider, picking out Haaland, who took one touch before drilling a low finish into the bottom-right corner to make it 2-0 and spark wild celebrations among the Norwegian fans. 

Brazil did manage a late consolation when Neymar converted a penalty in what could prove to be his final World Cup appearance, but it was too little, too late for the South American giants.

Nyland was outstanding throughout the contest, with his first-half penalty save from Guimaraes proving especially significant. While Brazil’s xG eventually climbed to 2.61, much of it came from the two spot-kicks they were awarded, underlining Norway’s disciplined defensive display. The Norwegians, despite recording just 1.05 xG, were ruthless when their chances arrived. 

For Brazil, the defeat marks a bitter end to another World Cup campaign and this is their earliest exit from the tournament since 1990. For Norway, however, this is a landmark moment in their footballing history. After returning to the World Cup for the first time in 28 years, they have now reached their maiden quarter-final and will face either England or Mexico with dreams of an even more remarkable run still alive.

Watch the FIFA World Cup 2026 LIVE and exclusively on Zee 5 in Hindi, English, Malayalam, and Bangla.