Reliance Industries, the most valuable corporation in India based on market valuation, is owned by Mukesh Ambani. According to Forbes, as of July 22, he has a net worth of Rs 976320 crore, making him the richest man in Asia. Reliance Industries, which operates in a number of industries including telecom, retail, and oil, is chaired by him. The market value of the firm dropped to Rs 20,30,488.32 crore on Monday, a loss of Rs 73,470.59 crore. It happened after Reliance's stock fell more than 3% following the announcement of a 5% decline in net earnings for the June quarter.

Food delivery giants Zomato and Swiggy hike platform fees to ₹6, a 20% increase in key cities like Delhi-NCR, and Bengaluru to increase their earnings. Both Zomato and Swiggy started charging platform fees only last year. Zomato, with 2.2–2.5 million daily orders, could see ₹25 lakh additional daily profit, aiming for ₹1.25–1.5 crore daily revenue.

Tata Motors and Mahindra and Mahindra have cut the prices of their SUV models to boost demand. Mahindra and Mahindra said its XUV700's fully-loaded AX7 range now starts at Rs 19.49 lakh, a price cut of over Rs 2 lakh. Complementing the same, the Punch.ev from tata motos is being offered with a benefit of up to Rs 30,000. As Tata Motors has revised the starting prices of its flagship SUVs, the Harrier (Rs 14.99 lakh) and the Safari (Rs 15.49 lakh) and extended benefits of up to Rs 1.4 lakh on other popular SUV variants. Never before seen benefits on the Nexon.ev (up to Rs 1.3 lakh), have made it the most accessible it has ever been," Tata Passenger Electric Mobility Chief Commercial Officer Vivek Srivatsa said in a statement.

To test the Indian market, Xiaomi will showcase its first electric car in Indian on July. As per the reports, the Chinese company may not launch its electric vehicle in India. 

After the billionaire Elon Musk postponed a visit to India in late April, Musk’s team hasn’t made any further inquiries with officials in New Delhi. According to sources, "The government is given to understand that Tesla has capital issues and doesn’t plan on pledging fresh investment into India in the near future," The loss of interest in India comes as Tesla reported a second consecutive drop in quarterly deliveries globally and faces heightened competition in China. Musk announced major staff reductions in April, the EV maker’s first new model in years, the Cybertruck, has been slow to ramp up while construction of a new plant in Mexico has been delayed.

The Adani narrative has transcended beyond Adani and is now developing into a public dispute between American researcher and short seller Hindenburg and financial market regulator SEBI. The Adani Saga is expected to conclude in disarray.

BSNL launches a special 4G SIM card for Amarnath Yatra pilgrims. This SIM card provides users with the benefit of unlimited voice calling and data while traveling. Amarnath Yatra 2024 runs from 29 June to 19 August, during which Baba Barfani is seen. This SIM helps pilgrims stay connected with family.

Jio tariff increase: Reliance Jio has announced a significant tariff hike from July 3, 2024, and discontinued two popular prepaid plans, ₹395 and ₹1,559 options. These plans offered unlimited 5G data and had long validity, making them popular among users.

As of July 2, 2024, petrol and diesel prices in India are unchanged from March 2024. Fuel prices, influenced by international crude oil fluctuations, are updated daily at 6 am by state-run oil companies such as Hindustan Petroleum and Indian Oil.

The Oil marketing companies announced a reduction in the price of 19 kg LPG commercial cylinders on Monday. before the price of an LPG commercial cylinder was reduced by Rs 30 for 19kg, the cost was 1676 in Dehli, but now it is 1646.