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Apollo Micro Systems Acquires 41% of Premier Explosives for ₹1,550 Cr—July 10
Apollo Micro Systems acquires 41% stake in Premier Explosives for ₹1,550 crore. Deal combines defense electronics with missile propellants, creating integrated defense manufacturer.
ED Raids Ex-MLA Deep Narayan Singh Yadav Over ₹23 Crore Asset Case—July 9
ED raids ex-SP MLA Deep Narayan Singh Yadav’s 11 premises in Jhansi and Lucknow over ₹23.02 crore disproportionate assets case. More than 60 criminal cases registered against him.
Rajnath Singh to Inaugurate Lucknow-Kanpur Expressway on July 13, 2026
Defence Minister Rajnath Singh inaugurates 63-km Lucknow-Kanpur Expressway on July 13. Car tolls rising from ₹95 to ₹115. Project cost ₹4,700 crore with six lanes and trauma centre.
Man Charged Over False Bomb Threats to Parliament House, July 9
Man charged with two counts of communicating false bomb threats to Parliament House and HTX offices. Faces up to 7 years jail and S$50,000 fine if convicted.
Trump Ties US Troop Presence in Europe to Greenland Deal at NATO Summit—July 9
Trump links US troop withdrawal from Europe to acquiring Greenland at NATO summit. Denmark’s PM says Greenland is ‘not for sale.’ Tensions rise over defense spending and Iran support.
Mallock Limited Collapses Into Administration With £1.1m HMRC Debt—July 9
Vehicle logistics firm Mallock Limited enters administration with £1.1m unpaid tax debt to HMRC. The company served Lookers, Sytner, and major German brands before collapse.
Sonos Restructures With 3% Workforce Reduction, Senior Design and Research Executives Depart
Sonos confirmed a 3% workforce reduction last month, cutting roughly 40 employees globally. That trim has since claimed several senior design, product, and research leaders. Some held over a decade of tenure at the Santa Barbara-based audio company. CEO Tom Conrad frames the changes as a push for speed, not cost-cutting. A company spokesperson insists…
UK Councils Spend Record £1.26bn on Temporary Housing in 2024-25
UK councils spent a record £1.26bn on temporary housing in 2024-25, up 1,077% since 2011. The LGA warns the reimbursement system is broken and demands long-term solutions from government.
BASF’s €8.7B China Plant Turns Profit in 100 Days; Ludwigshafen Cuts 3,370 Jobs
BASF’s €8.7B Zhanjiang plant in China hits profitability in 100 days, while Ludwigshafen workforce shrinks from 33,370 to 30,000. CFO calls China launch ‘spectacular’ as home plant fights to return to black.