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Heritage Foods says 'Fresh Paneer' label is descriptive, responds to FSSAI notice
Heritage Foods responded to FSSAI's show-cause notice concerning its 'Fresh Paneer' product label. The company stated the term accurately describes the dairy product's inherent nature. It clarified that 'Fresh Paneer' refers to refrigerated consumption with a limited shelf life. Heritage Foods also addressed the 'Health and Happiness' slogan as a corporate philosophy. The dairy firm reaffirmed its commitment to food safety and regulatory compliance.
Government notifies Navi Mumbai Airport as a Port for Import of drugs under Drug Rules
The Ministry of Health has enabled drug imports through Navi Mumbai Airport. This amendment strengthens the pharmaceutical supply chain and trade facilitation. Navi Mumbai Airport now joins other designated ports for drug importation. The total number of entry points for drugs has increased to forty-two. This initiative promotes ease of doing business and regulatory oversight.
Microsoft layoff: Employees offered up to 39 weeks' pay, stock vesting; here's who gets what
Microsoft announced layoffs affecting 4,800 employees, offering severance packages up to 39 weeks' pay. Compensation varies by employee level, with options for continued stock vesting and health insurance. The cuts aim to streamline costs amid significant AI investments.
Honasa Consumer sets up subsidiary, Honasa Health
Honasa Conusmer announced that it has incorporated Honasa Health as a wholly owned subsidiary on 7 July 2026, to scale a highly differentiated B2C nutrition portfolio.
General insurers clock 16.7% premium growth
The general insurance sector saw a 16.7% premium income rise in June. Standalone health insurers led this growth with a 31% increase. First quarter collections for FY27 also climbed by 11.1%. Niva Bupa Health Insurance showed strong premium growth of 34% in June. ICICI Lombard General Insurance reported a 13.7% premium increase for the month.
Economic and trade cooperation remains a key pillar of India-Indonesia ties
India and Indonesia issued a joint statement on the State Visit by Prime Minister of India to Indonesia. Prime Minister Modi and President Prabowo held official bilateral talks on 7 July 2026 at Istana Merdeka, Jakarta. The official talks covered the full spectrum of bilateral relations, including political engagement, defence and security cooperation, maritime cooperation, trade and investment, digital economy, science and technology, space, critical minerals, energy, agriculture, health, pharma, education, culture, tourism, youth exchanges and people-to-people ties, in addition to regional and global developments of mutual interest. They also witnessed the exchange of a number of bilateral documents, aimed at further strengthening the India-Indonesia Comprehensive Strategic Partnership.
General insurance premiums rise 14% in June; health insurers clock 31% growth
Niva Bupa Health Insurance outperformed the segment, reporting 35% growth in premium collections, while Star Health and Allied Insurance recorded a 19% increase.
Vatika Hotels refinance Rs 550 crore debt with Kotak
Vatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the company. The hotel owner experienced financial stress during the Covid-19 pandemic. Vatika Hotels' debt has significantly declined after restructuring and equity infusion. The company now holds a BBB investment-grade rating, reflecting improved financial health.
Manipal Health Enterprises gets SEBI nod for ₹8,000 crore IPO
Investors selling shares include TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S and Phoenix Bear Investments, LLC.
India's wellness industry poised for growth amid focus on preventive healthcare, rising income: EBG Group chief
India's wellness market, valued at over $150 billion, is set for growth fueled by rising health consciousness and disposable incomes. EBG Group is launching Carlton Wellness India, an integrated ecosystem blending traditional Indian healing with modern hospitality. This platform will offer diverse wellness experiences, from city centers to retreats, emphasizing preventive care and holistic wellbeing for everyday life.
Fermenta Biotech receives FSSAI approval for its Vitamin D3 (Cholecalciferol) - Plant Source
For use as ingredient in Health Supplements, Nutraceuticals and Food Products
Yes Bank shares gain 2% after Q1 advances rise 18% to Rs 2.85 lakh crore, deposits up 14%
Yes Bank shares climbed 2% following a robust Q1 FY27 business update. The private lender reported an 18.4% year-on-year surge in loans and advances, reaching Rs 2.85 lakh crore. Deposits also saw a healthy 14% YoY increase to Rs 3.15 lakh crore. The bank's Liquidity Coverage Ratio improved significantly, indicating strong financial health. These positive developments have boosted investor confidence.