The Adani Portfolio of companies on Thursday reported a landmark fiscal result for FY25, as EBITDA scaled to an all-time high of Rs 89,806 crore ($10.5 billion), up 8.2 per cent year-on-year.

Excluding non-recurring prior period items, the growth stands even higher at 18 per cent (on-year). Meanwhile, profit after tax (PAT) rose to an all-time high of Rs 40,565 crore.

Gross assets increased to Rs 609,133 lakh crore at a six-year (FY19-FY25) CAGR of over 25 per cent, as the Adani Portfolio registered record capex of Rs 126,000 crore ($14.7 billion).

"A key highlight of FY25 is the continued industry-beating Return on Assets (RoA) of 16.5 per cent, which is among the highest in any infrastructure business globally, underpinning the attractive asset base and the execution capabilities of the Adani Portfolio to continuously churn out the best quality assets across sub sectors," said Jugeshinder 'Robbie' Singh, GCFO, Adani Group.

As Mumbai’s energy demand grows rapidly, Adani Electricity has taken a major step toward enhancing power reliability by equipping its frontline teams — “Power Warriors” — with advanced mobile infrared (IR) imaging tools.

These compact, smartphone-enabled devices are transforming how power infrastructure is monitored and maintained across the city.

Mumbai’s fast-paced redevelopment and climate shifts place growing pressure on power assets like transformers, switchgear, and distribution panels.

To stay ahead of potential faults, Adani Electricity has rolled out mobile thermal imaging devices that allow on-the-spot detection of equipment stress or overheating—often before any outward sign of failure appears.

“Our field teams can now identify and address developing issues during their first site visit — preventing power interruptions before they happen,” said the company.

Google may launch a cheaper version of YouTube Premium without its music streaming component in South Korea in a move aimed at addressing concerns over alleged anti-competitive practices, the country's antitrust watchdog said on Thursday.

The self-proposed measure is part of negotiations between the U.S. tech giant and the Fair Trade Commission (FTC), which has been investigating Google over suspicions that it violated fair trade rules by bundling YouTube Music to its premium subscription service.

In July last year, the FTC issued a report equivalent to a formal prosecution complaint, accusing Google Korea of unfairly bundling YouTube Music with YouTube Premium, thereby restricting consumer choice and abusing its market dominance, reports news agency.

The regulator claims Google's practice effectively forced consumers to subscribe to both services, limiting options for those who may have only wanted access to ad-free video streaming.

The Spices Board has launched the 'Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development (SPICED)' scheme for the fiscal year 2025-26 under which financial assistance is offered across the value chain to farmers and Farmer Producer Organisations (FPOs) to enhance the production, quality and export of spices.

The scheme is aimed at increasing the productivity of small and large cardamom, improving the quality of post-harvest processes, and encouraging the production and export of value-added, GI-tagged, and organic spices. It also helps in enabling compliance with global food safety and phytosanitary standards and boosting the capacity of stakeholders across the value chain.

Online applications for the SPICED scheme will open on May 26. Spice exporters can apply under the scheme’s export development and promotion components until June 30, while farmers and FPOs can submit applications under the development components in other categories until September 30.

IndusInd Bank on Wednesday reported a net loss of Rs 2,329 crore in the March quarter (Q4 FY25), compared to a profit of Rs 2,349.15 crore in the same period of the previous financial year.

The bank said that the Board is in an advanced stage in the selection process for new CEOs and will submit the recommendations to the RBI by June 30.

Its Managing Director and CEO Sumant Kathpalia has resigned from his post in connection with the derivatives accounting lapse that has eroded the private sector bank's net worth. Deputy CEO Arun Khurana had also quit after accounting discrepancies were unearthed in the bank's derivatives portfolio by an independent audit.

Lokpriya Gopinath Bordoloi International (LGBI) Airport, Guwahati, achieved 7.67 per cent growth in 2024-25 fiscal over the previous financial year (2023-24), officials said on Wednesday.

A spokesperson of the LGBI airport, Guwahati said that the airport, has witnessed significant growth with the airport successfully managed 6.57 million passengers, with 3.26 million domestic arrivals and 3.30 million domestic departures, and 91,594 international passengers, a record high for international passengers since the starting of the commercial operation on October 8, 2021.

On December 12, 2024, the airport achieved a single-day record, serving 21,444 passengers, including transit travellers. She said that LGBI airport has expanded its international route network, introducing direct flights to Paro, Malaysia and Singapore, contributing to increased international passenger traffic and Aircraft Traffic Movements (ATMs).

The number of passengers flown by India’s domestic airlines during April this year crossed the 1.43 crore mark, which represents an 8.45 per cent increase compared to the same month of the previous year, despite bad weather impacting operations during the month, figures released by the Directorate General of Civil Aviation on Wednesday showed.

Passengers carried by domestic airlines during January-April this year went up to 575.13 lakh, which represents a 9.87 per cent increase over the corresponding figure of 523.46 lakh during the same period of the previous year.

Bad weather was a significant factor in flight disruptions during April, accounting for 38.8 per cent of all cancellations in air tickets by passengers. This directly impacted 20,840 passengers, as a result of which airlines had to shell out Rs 41.69 lakh in compensation and facilities, marking a 117 per cent increase month-on-month.

With a financial outlay of Rs 2,000 crore, the PM E-Drive scheme will support the installation of approximately 72,000 EV public charging stations across the country, the government said on Wednesday.

These stations will be strategically deployed along 50 national highway corridors, within high-traffic destinations such as metro cities, toll plazas, railway stations, airports, fuel outlets, and state highways, the Ministry of Heavy Industries said in a statement.

Union Minister for Heavy Industries, HD Kumaraswamy, chaired a inter-ministerial coordination meeting to review and accelerate the implementation of EV charging infrastructure under the PM E-Drive scheme.

The scheme, launched under the visionary leadership of Prime Minister Narendra Modi, aims to build a nationwide EV-ready ecosystem to enable cleaner transport and reduce India’s dependency on fossil fuels.

Nearly seven in 10 young professionals (67 per cent) in India are open to new opportunities but don’t know what job titles or industries to search for, according to new research on Wednesday.

The research by LinkedIn, the world’s largest professional network, based on a survey of 2001 employed and unemployed Indian respondents aged 18-78, showed that 65 per cent of professionals in India can explain their career goals to a friend. However, they don’t know how to search for that role, and 64 per cent find job filters confusing.

Another 74 per cent said they wish they could discover relevant roles they hadn’t thought to search for.

As job titles evolve and skills become central to hiring decisions, there is increasing demand among job seekers for easier ways to find opportunities based on their skills and goals, rather than predefined titles or keywords, the research said.

The Gemini app now has over 400 million monthly active users and we are seeing strong growth and engagement particularly with the 2.5 series of AI models, Sundar Pichai, CEO of Google and Alphabet, has said.

Over seven million developers are building with Gemini, five times more than this time last year, and Gemini usage on Vertex AI is up 40 times, said Pichai during the ‘Google I/O 2025’ conference in the US.

“For those using 2.5 Pro in the Gemini app, usage has gone up 45 per cent,” he informed.

This time last year, “we were processing 9.7 trillion tokens a month across our products and APIs. Now, we’re processing over 480 trillion — that’s 50 times more”, Pichai added.

He further stated that what all this progress means is that “we’re in a new phase of the AI platform shift, where decades of research are now becoming reality for people, businesses and communities all over the world”.