Maruti Suzuki India on Friday reported a 4.29 per cent drop in its net profit at Rs 3,711.1 crore for the fourth quarter of last fiscal (Q4 FY25), compared to Rs 3,877.8 crore in the same period in the previous fiscal.

According to its stock exchange filings, the company’s total expenses rose 8.55 per cent YoY to Rs 37,585.5 crore in the March 2025 quarter.

However, the company’s revenue from operations rose by 5.86 per cent year-on-year (YoY) to Rs 38,848.8 crore, up from Rs 36,697.5 crore a year ago.

The automaker also registered a slight growth in overall income, which stood at Rs 40,674 crore during the quarter, compared to Rs 38,235 crore in the year-ago period.

The Union Ministry of Road Transport and Highways has issued a show-cause notice to Ola Electric Mobility Limited over missing trade certificates.

In the notice dated April 24, the ministry asked Bhavish Aggarwal-run Ola Electric to provide detailed information about the number of stores and service centres it currently operates, as well as the number of trade certificates it has obtained in the past three years, including their issuance dates, as per a media report.

The company has also been asked to clarify whether it is stocking unregistered vehicles at its centres, report added.

The ministry further demanded model-wise and variant-wise data for the 7,820 electric scooters Ola Electric claimed to have delivered in February this year.

The company has been directed to respond within seven days of receiving the notice to avoid any adverse action.

Apple is reportedly planning to shift the entire assembly of iPhones sold in the United States to India by as early as next year.

This would mark a major move in Apple’s global manufacturing strategy, as the tech giant continues to reduce its dependence on China, according to a report by Financial Times.

The final decision will depend on how quickly India can ramp up its supply chain and how trade talks between China and the US progress.

According to the report, US President Donald Trump has been pressuring Apple to move away from China due to ongoing trade tensions.

Trump recently confirmed that talks are ongoing with China regarding tariffs. In the meantime, Apple’s contract manufacturers in India are already stepping up production.

The Enforcement Directorate (ED) has detained BluSmart co-founder Puneet Jaggi from a Delhi hotel, after the agency conducted raids in a case related to Gensol Engineering Ltd.

The raids were conducted at company’s offices in Delhi, Gurugram, and Ahmedabad under the Foreign Exchange Management Act (FEMA).

The ED is investigating Gensol promoter brothers Anmol Singh Jaggi and Puneet Singh Jaggi after a SEBI report accused them of financial irregularities, corporate misgovernance and fund diversion.

Gensol was yet to issue a statement.

Adani Energy Solutions Limited (AESL) on Thursday reported an impressive 103 per cent annual profit after tax (PAT) growth in FY25 at an all-time high of Rs 2,427 crore, as the company posted 87 per cent PAT growth at Rs 714 crore in Q4 (January-March).

The Adani Group company also showed strong growth of 42 per cent (year-on-year) in its total income at Rs 24,447 crore in FY25, which is highest ever is driven by the contributions from the recently commissioned transmission projects, robust energy sales in Mumbai and Mundra utilities and contribution from the smart metering business.

“Out of Rs 24,447 crore, the Service Concession Arrangement (SCA) Income under IND-AS 115 in FY25 was Rs 5,064 crore against Rs 858 crore in FY24,” said the company.

PAT witnessed a sharp increase of 103 per cent YoY, resulting from higher EBITDA, and aided by reversal of net deferred tax liability of Rs 469 crore in full year, primarily due to divestment of Dahanu plant in Adani Electricity Mumbai Limited (AEML) and regulatory income of Rs 148 crore, it added.

FMCG major Nestle India Limited on Thursday reported a 5 per cent year-on-year (YoY) decline in net profit to Rs 885.4 crore for the January–March quarter (Q4) of FY25, primarily due to rising raw material costs.

The company faced mounting pressures from increased prices of key commodities such as coffee, cocoa, and milk, which dented overall profitability during the quarter, according to its stock exchange filing.

Export sales also fell sharply, registering an 8.65 per cent drop YoY. This decline in exports dragged the company’s overall sales growth down to 3.7 per cent, despite a moderate improvement in domestic demand.

Persistent cost inflation remained a major challenge. While edible oil prices remained stable, surging costs of coffee, cocoa, and milk -- particularly with the onset of summer -- added pressure to the company’s bottom line.

Nestle India said profitability was squeezed even as it tried to maintain momentum in its core product categories.

Eternal (Zomato) on Thursday clarified that Rakesh Ranjan, the CEO of its food delivery business, has not resigned from his position.

The company issued the statement after a media report claimed that Ranjan was stepping down as part of a leadership reshuffle, with Zomato’s co-founder and CEO Deepinder Goyal expected to take interim charge.

Zomato’s parent company, Eternal Group, announced that as of now, Ranjan has not submitted any resignation and continues to be part of the leadership team.

“We would like to clarify as on date, there has been no resignation tendered by Mr. Rakesh Ranjan and he still continues to be part of the leadership team,” the company said in its stock exchange filing.

The online food platform added that leadership changes are a regular part of their efforts to improve the organisation's effectiveness.

गुरुवार को एक नई रिपोर्ट में कहा गया है कि मार्च में व्हाइट-कॉलर हायरिंग में 38 प्रतिशत की साल-दर-साल वृद्धि दर्ज की गई है।

इस वृद्धि को वैश्विक व्यापार में देश के बढ़ते महत्व के संकेत के रूप में देखा जा रहा है, खासकर तब जब अंतरराष्ट्रीय कंपनियां अमेरिकी राष्ट्रपति डोनाल्ड ट्रम्प द्वारा पेश किए गए नए टैरिफ अनिश्चितताओं के कारण चीन पर अपनी निर्भरता कम करना चाहती हैं।

फाउंडिट (पूर्व में मॉन्स्टर एपीएसी एंड एमई) की रिपोर्ट के अनुसार, सूचना प्रौद्योगिकी (आईटी), विनिर्माण, बैंकिंग, वित्तीय सेवाएं और बीमा (बीएफएसआई) और स्वास्थ्य सेवा जैसे क्षेत्रों ने इस भर्ती वृद्धि का नेतृत्व किया है।

यह कंपनियों द्वारा अपनी आपूर्ति श्रृंखलाओं को भारत में स्थानांतरित करने और यहां अपने परिचालन का विस्तार करने के कारण हो सकता है।

The country is witnessing a robust rise in white-collar hiring, with a 38 per cent year-on-year (YoY) growth recorded in March, a new report said on Thursday.

The growth is being seen as a sign of the country’s growing importance in global business, especially as international companies look to reduce their dependence on China due to fresh tariff uncertainties introduced by US President Donald Trump.

Sectors like information technology (IT), manufacturing, banking, financial services, and insurance (BFSI), and healthcare have led this hiring surge, according to a foundit (formerly Monster APAC & ME), report.

This could be due to companies shifting their supply chains to India and expanding their operations here.

V. Suresh, CEO of foundit, said that India is now not just a talent hub but also a critical growth engine for companies across the world.

The demand for homes prices Rs 1 crore and above bolstered the Indian property market in the first quarter this year, preventing overall sales of 65,250 units from hard landing, a report said on Thursday.

Residential sales in Q1 2025 (January-March) experienced only a modest decline and added up to 65,246 units. This limited drop was primarily due to robust demand in the Rs 3-5 crore and Rs 1.5-3.0 crore segments, which helped counterbalance the slowdown in relatively affordable housing, according to a JLL report.

The steady growth in higher ticket size homes indicates increasing affluence among homebuyers, changing lifestyle preferences and buyers prioritising larger and premium properties.