Tata Elxsi, a design-led technology services company, on Thursday reported a 14 per cent decline in its net profit for the fourth quarter of the financial year 2024-25 (Q4 FY25).

The company posted a net profit of Rs 172 crore in Q4, down from Rs 199 crore in the same period last year.

The drop in profits came as the company faced headwinds in key verticals such as automotive and media and communications.

Revenue for the quarter also slipped by 3.3 per cent year-on-year (YoY) to Rs 908.3 crore, compared to Rs 939 crore in the corresponding quarter of the previous year.

The operating margin narrowed to 22.8 per cent, down from 26.3 per cent last year, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) falling 16 per cent to Rs 207.3 crore.

Despite the slowdown, Tata Elxsi’s board has recommended a final dividend of Rs 75 per share for the financial year, subject to shareholder approval.

IT major Infosys on Thursday announced that it has added 6,388 employees in FY25, taking its total headcount to 323,578, compared to 317,240 in the previous financial year.

However, the company reported a modest increase in its workforce during the fourth quarter (Q4) as it added 199 employees during the period.

This marks the third consecutive quarter of headcount growth for Infosys. The company added 5,591 employees in Q3 and 2,456 in Q2.

After a period of slow hiring, Infosys has now started hiring across different levels, including freshers.

The company plans to recruit around 15,000 to 20,000 fresh graduates in FY26.

The Board of Directors of Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL), which is a related party.

APPH holds the entities which own and operate the North Queensland Export Terminal (NQXT) — a dedicated export terminal with a current nameplate capacity of 50 million tonnes per annum (MTPA).

The transaction will further enhance the APSEZ’s global transport and logistics footprint and fast-track its journey to handle 1 billion tonnes per annum by 2030.

The terminal is located at the Port of Abbot Point, approximately 25 km north of Bowen, in North Queensland on Australia’s east coast.

According to Adani Ports, the transaction will be completed on a non-cash basis. APSEZ will issue 14.38 crore equity shares to the CRPSHPL, in exchange for the acquisition of 100 per cent interest in APPH.

This is based on an enterprise value of NQXT of 3,975 million Australian dollars.

Mumbai Indians captain Hardik Pandya won the toss and elected to bowl first against Sunrisers Hyderabad in Match 33 of the Indian Premier League (IPL) 2025 at the Wankhede Stadium here on Thursday.

Both sides are coming into the match with wins in their respective matches and decided to go ahead with the same playing XIs as their previous matches.

Mumbai Indians decided to go with former captain Rohit Sharma starting among the impact substitutes.

The Ministry of Statistics and Programme Implementation (MoSPI) on Thursday said it now plans to release the Index of Industrial Production (IIP) data within 28 days instead of 42 days.

"From April 2025 onwards, the All India Index of Industrial Production (IIP) will be released on the 28th of every month at 4:00 p.m. within 28 days from the reference month. For a particular month, IIP will be released as Quick Estimates followed by a Final Estimate,” said the ministry in a statement.

The ministry will release the next IIP estimates on April 28.

Hyundai Motor will temporarily suspend production of its Ioniq 5 and Kona electric vehicles (EVs) at its main domestic plant next week, as weakening overseas demand continues to weigh on exports, according to industry sources on Thursday.

The automaker plans to shut down Line 12 at its Plant 1 in Ulsan, 305 kilometers southeast of Seoul, where the two EV models are assembled, from April 24-30, citing declines in orders from key export markets, including Europe, Canada and the United States.

Infosys, one of India’s top IT companies, on Thursday reported a 11.7 per cent year-on-year (YoY) drop in its consolidated net profit for the fourth quarter of the financial year 2024-25 (Q4 FY25) to Rs 7,033 crore, compared to Rs 7,969 crore in the same quarter last year.

However, Infosys' revenue rose by nearly 8 per cent YoY to Rs 40,925 crore as compared to Rs 37,923 crore in a year-ago period.

The company reported an operating margin of 21 per cent, slightly lower than the 21.3 percent margin in the previous quarter but up from 20.1 percent in the same quarter a year ago.

Infosys also announced a final dividend of Rs 22 per equity share for FY25. The record date for dividend payment and the Annual General Meeting (AGM) has been set as May 30. The dividend will be paid on June 30.

“The company's board of directors decided on the dividend payout and fix the record date along with the results. Recommended a final dividend of Rs 22 per equity share for the financial year ended March 31,” the company said in its exchange filing.

To further promote ease of doing business and ensure uniformity across import monitoring platforms, the Ministry of Coal on Thursday said it has rationalised the registration fee of the Coal Import Monitoring System (CIMS) portal.

The registration fee has been revised to a flat rate of Rs 500 per consignment, effective from April 15, 2025.

This replaces the earlier fee structure, which ranged from Rs 500 to Rs 1,00,000 per consignment, and rationalisation in registration fee aligns CIMS with similar Import Monitoring Systems such as the Steel Import Monitoring System (SIMS), Non-Ferrous Import Monitoring System (NFIMS), and Paper Import Monitoring System (PIMS) — all of which operate under a flat fee model, according to a Ministry of Coal statement.

The board of IDFC FIRST Bank on Thursday approved raising up to Rs 7,500 crore from Warburg Pincus and Abu Dhabi Investment Authority (ADIA) amid global uncertainties.

The board approved a preferential issue of equity capital (CCPS) amounting to approximately Rs 4,876 crore to Currant Sea Investments, an affiliate company of global growth investor Warburg Pincus and approximately Rs 2,624 crore to Platinum Invictus Limited, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) managed by its Private Equities Department.

The proposed issues are subject to shareholder and regulatory approvals. The rationale behind this fundraising is that the bank plans to scale up its optimal profitability and aims to grow the overall loan book at 20 per cent for the next few years, the bank said in an investor presentation.

LG CNS, an information technology affiliate of South Korea's LG Electronics, said on Thursday it has signed agreements to develop electric vehicle (EV) charging infrastructure and smart city solutions in the United States.

Under a deal with the New York City Economic Development Corporation, LG CNS will install and operate EV charging stations at the Brooklyn Army Terminal (BAT), a former military supply base now being redeveloped into a modern commercial, manufacturing hub.

As part of the Pilots at BAT programme, the company will also implement a charging and discharging control system, along with a mobile app providing real-time energy usage data for users, according to LG CNS, reports news agency.

LG CNS also signed a separate contract with a U.S. government agency to build smart city infrastructure in Hogansville, Georgia.

The project includes the installation of smart poles and an integrated control system designed to improve public safety, connectivity and urban operations through AI-driven solutions.