Godrej Properties on Friday reported a 19 per cent decline in net profit to Rs 382 crore for the fourth quarter of financial year 2024-25 (Q4 FY25), down from Rs 471 crore in the same quarter last fiscal (Q4 FY24).

The real estate developer also reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 634 crore for the quarter, slightly lower than Rs 649 crore reported in the same quarter last fiscal.

However, the net profit rose compared to the previous quarter (Q3), when it stood at Rs 163 crore, according to its stock exchange filing.

Despite the drop in profit on a yearly basis, the company’s revenue from operations showed strong growth.

Revenue jumped 49 per cent year-on-year (YoY) and 119 per cent quarter-on-quarter (QoQ) to reach Rs 2,122 crore in the March 2025 quarter.

Jaiprakash Power Ventures Limited (JPVL) has reported a sharp fall of over 73 per cent in its net profit at Rs 155.67 crore for the March quarter (Q4 FY25), down from Rs 588.79 crore in the same period last fiscal, mainly due to lower income and rising expenses.

JPVL’s total income for the quarter dropped to Rs 1,366.67 crore from Rs 1,863.63 crore in the year-ago period.

Revenue from operations also declined by 11 per cent to Rs 1,340 crore, compared to Rs 1,514 crore in the corresponding quarter last year.

The company’s expenses surged to Rs 1,165.75 crore in the March 2025 quarter, up 15 per cent from Rs 1,013.05 crore a year earlier.

The fall in profit is also due to the absence of exceptional income this year. In the March 2024 quarter, the company had reported an exceptional gain of Rs 302.41 crore, which had boosted its bottom line then.

Hyundai Motor and its affiliate Kia said on Friday their combined vehicle sales in the United States surged 16 per cent in April from a year earlier, driven by strong demand for sport utility vehicles (SUVs).

Hyundai and Kia sold a total of 162,615 vehicles in the U.S. last month, up from 139,865 units a year ago, according to the companies' sales data.

Hyundai's vehicle sales jumped 19 percent to 81,503 units from 74,111 over the cited period, while those of Kia advanced 14 percent to 74,805 from 65,754, reports news agency.

Hyundai's sales figures include those of its independent luxury brand, Genesis. Strong sales of Hyundai's Palisade and Santa Fe, as well as Kia's Telluride and Sportage SUV models contributed to the robust monthly performance.

South Korea's antitrust regulator said on Friday it has decided to fine Meta Platforms, the operator of Facebook and Instagram, on charges of violating the country's law on consumer protection.

Meta Platforms was slapped with a 6 million-won ($4,176) fine and ordered to take necessary measures to align with the Act on the Consumer Protection in Electronic Commerce, according to the Fair Trade Commission (FTC).

The FTC said the U.S.-based company failed to fulfill consumer protection obligations under the law, reports news agency.

According to the FTC, Meta Platforms failed to inform e-commerce sellers of their obligations under the consumer protection act and encourage them to comply with those obligations.

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday announced robust financial results, with net profit surging 7.5 times to Rs 3,845 crore in Q4 FY25 compared to Rs 449 crore in the same period in FY24.

AEL recognised an exceptional gain of Rs 3,946 crore after Adani Wilmar Ltd’s 13.5 per cent stake sale in the January-March quarter (Q4).

For the entire fiscal (FY25), revenue increased by 2 per cent to Rs 1,00,365 crore and consolidated profit before tax (PBT) up by 16 per cent to Rs 6,533 crore.

EBITDA increased by 26 per cent to Rs 16,722 crore last fiscal, driven by continued strong operational performance from incubating businesses, the company said in a statement.

"At Adani Enterprises, we are building businesses that will define the way forward for India's infrastructure and energy sector," said Gautam Adani, Chairman of the Adani Group.

SUV sales accelerated in the Indian market during April with automakers such as Mahindra & Mahindra, Toyota Kirloskar Motor and Kia Motors recording robust double digit growth during the month.

Mahindra & Mahindra sold 52,330 SUVs in the domestic market during the month, reflecting a strong 28 per cent growth over the same month last year with its models such as the Scorpio, Thar, and XUV doing well in the market. Together with exports, the company’s sales in this segment went up to 54,860 units during the month with an overall growth rate of 19 per cent.

Its Automotive Division President, Veejay Nakra, said: "These numbers indicate the strength of our portfolio and customer offerings. We began the fiscal year on a strong note, building on last year’s momentum."

Kia India reported a sales growth of 18.3 per cent in April 2025, with 23,623 units sold in the domestic market compared to 19,968 units in April 2024.

India’s Gen Z is becoming increasingly tech-savvy and informed, with nearly half (46 per cent) of them saying that chipset performance plays a key role in their smartphone purchase decisions, a new report said on Thursday.

Young users are no longer just choosing smartphones based on looks or price -- they now pay close attention to what powers their devices, said the report by CyberMedia Research (CMR).

According to Prabhu Ram, VP-Industry Research Group (IRG), CMR, “Gen Z is at a remarkable inflection point in history. They are the first globally connected generation, united by a shared fluency in technology.”

For them, smartphones are not just devices -- they are expressions of identity and tools for exploration.

Tata Motors on Thursday reported a 7 per cent year-on-year decline in its total domestic sales for the month of April, selling 70,963 units compared to 76,399 units in April 2024.

The company also saw a dip in overall sales, including domestic and international markets, which stood at 72,753 units, down from 77,521 units a year ago.

In the commercial vehicle segment, domestic sales fell 10 per cent to 25,764 units in April 2025.

Within this segment, heavy commercial vehicle (HCV) trucks saw an 8 per cent decline, selling 7,270 units, while sales of small commercial vehicles (SCV cargo and pickups) dropped sharply by 23 per cent to 9,131 units.

The number of daily Unified Payments Interface (UPI) transactions in the country rose to 596 million in April, up from 590 million in March, according to National Payments Corporation of India (NPCI) figures released on Thursday.

Transactions worth Rs 24 lakh crore were carried out in April, down from Rs 24.8 lakh crore in the previous month. This is the 12th consecutive month to record payments above Rs 20 lakh crore.

The pace of growth remained healthy at 34.5 per cent, despite a 50.7 per cent annualised increase in volumes in April 2024. The value of transactions rose 21.9 per cent from the year-ago period.

Daily transaction volumes were also higher for FASTag payments, used for parking and toll collection, at 12.75 million compared with 12.2 million in the previous month, reflecting the growth in the economic activity of the country.

Despite geopolitical tensions and the global economic slowdown, Mumbai scaled an all-time high of 52,896 new property registrations in January-April this year, which represents an 8 per cent rise over the 48,819 properties registered during the same four months in 2024, according to a report released by real estate consultancy Anarock on Thursday.

An analysis of the data of the Inspector General of Registration (IGR), Maharashtra, reveals that the overall revenue collected from property registrations in Mumbai stands at around Rs 4,633 crore in the first four months of 2025. This is 21 per cent more than the same period (January - April 2024) last year, when the revenue collected was Rs 3,836 crore.

“Further analysis of the property registrations data and demand trends from January to April shows that the average ticket price of sold homes was Rs 1.57 crore, reminiscent of 2023 and 2024, when it was Rs 1.56 crore,” Anarock chairman Anuj Puri said.