Stay updated with the top business news today from India's dynamic market landscape. From credit card spending surges to major acquisitions, here are the 6 biggest business stories shaping India's economy on June 25, 2025.
🔥 Breaking Trade News
Trump confirms US-China trade truce and hints at a big India trade deal — full market impact here.
1. Credit Card Spends Surge as Indians Travel More
Holiday travel helped push credit card spending to ₹1.9 lakh crore in May 2025, a 15% year-on-year rise. Over 760,000 new cards were issued in May alone, led by HDFC Bank, SBI, and Axis Bank.
- ₹1.9 lakh crore spend (up 15% YoY)
- 7.6 lakh new cards added
- 110+ million cards in circulation
Business News FAQs: Credit Cards
Why did credit card spending rise in May 2025 in India?
Due to increased holiday travel, credit card usage surged to ₹1.9 lakh crore—a 15% year-on-year growth.
Which banks issued the most credit cards in May 2025?
HDFC Bank led with 274,000 new cards, followed by SBI Cards and Axis Bank.
What is the outlook for credit card growth in FY26?
Growth is expected to stabilise, with lenders focusing on quality lending and cross-selling.
2. Hindalco Buys US-based AluChem for $125 Million
Hindalco Industries is acquiring AluChem, a US-based specialty alumina firm, to strengthen its high-tech materials portfolio. This acquisition will help double capacity to 1 million tonnes and improve EBITDA margins from value-added products.
- $125 million all-cash deal
- 500,000 tonnes capacity → 1 million target
- AluChem EBITDA: $381/tonne (2024)
Business News FAQs: Hindalco Acquisition
Why is Hindalco acquiring AluChem for $125 million?
To boost its specialty alumina portfolio and scale high-margin downstream operations.
What is AluChem known for?
Specialty alumina used in semiconductors, EVs, and precision ceramics.
How will the AluChem acquisition benefit Hindalco?
Increased production, better tech positioning, and higher EBITDA contribution.
3. Jaguar Land Rover to Invest ₹9,000 Cr in Tamil Nadu
JLR will assemble luxury SUVs—Range Rover & Velar—in Tamil Nadu by early 2026 under Tata Motors' plan. JLR may also move operations from Pune to this new facility. The launch of the Avinya EV is delayed to 2026.
- ₹9,000 crore investment
- Initial capacity: 30,000 units/year
- Avinya launch postponed due to feasibility
Business News FAQs: JLR Investment
What will Jaguar Land Rover manufacture in Tamil Nadu?
They will initially assemble Range Rover and Velar SUVs.
Why is JLR moving production to India?
To reduce import dependency and streamline local logistics and costs.
What's the update on the Avinya EV launch?
The Avinya EV launch has been delayed until 2026 due to challenges.
4. Reliance Retail to Merge Luxe Arm for Better Efficiency
Reliance Brands—handling luxury labels like Burberry, Versace, Tiffany—will merge into Reliance Retail to eliminate overlaps and prepare for an IPO.
- 85+ luxury brand partners
- ₹2,684 Cr FY24 sales (up 12%)
- 15% of RIL's EBITDA from retail
Business News FAQs: Reliance Brands
What is Reliance Brands and why is it merging with Reliance Retail?
It's the luxury arm being consolidated to drive synergy, reduce duplication, and prepare for IPO.
How many luxury labels does Reliance Brands manage?
Over 85, including top global names like Burberry, Armani, Tiffany.
What contribution does luxury retail make to Reliance's earnings?
15% of EBITDA, up from 10% four years ago.
5. Wegovy Weight-Loss Drug Launches in India at ₹17,345
Novo Nordisk's Wegovy, a weekly injectable for weight management, is priced at ₹17,345–₹26,015/month in India. It targets individuals with BMI >30 or >27 with comorbidities.
- 5 dosage strengths (0.25–2.4 mg)
- Reduces obesity and cardiovascular risk
- Competes with Mounjaro priced ₹14,000–₹17,500
Business News FAQs: Wegovy Launch
What is Wegovy and how does it work?
A once-weekly semaglutide injectable used for chronic weight management.
How much does Wegovy cost in India?
₹17,345 to ₹26,015 per month depending on dosage.
Who can use Wegovy in India?
Individuals with BMI over 30, or over 27 with related health conditions.
6. Myntra Expands Globally via Singapore
Flipkart-owned Myntra now ships to Singapore, offering 100+ Indian fashion brands and 100,000+ products with 4–7 day delivery, targeting the 6 million+ Indian diaspora.
- 70M monthly active users
- Targets 12–15% of Indian-origin shoppers in Singapore
- Plans further global expansion
Business News FAQs: Myntra Expansion
Why is Myntra targeting Singapore for international shipping?
Because of Singapore's large Indian diaspora and strong ecommerce market.
What products will Myntra ship to Singapore?
100+ fashion brands, expanding to 100,000+ SKUs with 4–7 day delivery.
Does Myntra plan to expand beyond Singapore?
Yes, further expansion depends on initial success.
Related Trade & Market News
Today's business developments come amid significant global trade movements. Trump confirms US-China trade truce and hints at a big India trade deal — full market impact analysis here, which could significantly boost Indian textile and pharmaceutical exports.
Additionally, ongoing diplomatic efforts in the region, including potential ceasefire developments in Middle East tensions, are creating positive market sentiment globally.
Summary: Today's top business news highlights India's growing consumer spending, strategic acquisitions, and expanding global presence. From credit card growth to luxury retail consolidation, these developments signal strong momentum in India's business landscape.
For the latest on trade developments, read about Trump's US-China trade truce and India deal implications. Bookmark this page for daily updates on "top business news today" and latest market insights from India. Follow BizNewsDaily for comprehensive business coverage.