The confluence of a favourable fiscal policy that supports both capex and consumption and easing monetary policy across all its levers — rates, liquidity and regulations and robust services exports – that augur well for the job market outlook are likely to aid the growth momentum for India, a Morgan Stanley report has said.

The GDP print for December quarter “reaffirms our view that growth is in recovery mode, after having bottomed out in QE Sep-24”, according to the report.

The high frequency data for January/February suggests a mixed trend with gradual signs of recovery.

While implied March quarter growth is at 7.6 per cent (as per advance estimate), “we believe growth will likely track lower than that at 6.7 per cent”.

“As such, we expect FY25 growth to be 6.3 per cent,” the report estimated.

Mahindra & Mahindra on Saturday announced that its overall auto sales for the month of February stood at 83,702 vehicles, a growth of 15 per cent, including exports.

In the ‘Utility Vehicles’ segment, Mahindra sold 50,420 SUVs in the domestic market, a growth of 19 per cent and 52,386 vehicles overall, including exports. The domestic sales for Commercial Vehicles stood at 23,826.

“In February, we clocked SUV sales of 50,420, a growth of 19 per cent and 83,702 total vehicles, a growth of 15 per cent. This strong performance is a result of a continued positive momentum for our SUV portfolio,” said Veejay Nakra, President, Automotive Division, M&M Ltd.

Shares of real estate company Signature Global India Limited on Friday witnessed a sharp decline by 4.14 per cent to close at Rs 1,042 after posting weak third quarter (Q3 FY25) financial results.

The company’s shares have been on a downward trend, dropping 13.64 per cent in the last month, 30.34 per cent over six months, and 22.1 per cent in the past year.

The real estate developer reported a significant rise in total expenses, which increased to Rs 835.89 crore in Q3, up 6.54 per cent from Rs 784.60 crore in Q2.

Compared to the same quarter last year (Q3 FY24), expenses have surged 179 per cent from Rs 299.70 crore.

The Indian stock market on Friday witnessed a sharp sell-off as weak global cues and trade tensions weighed on investor sentiment and both the domestic benchmark indices ended the day with heavy losses.

The Sensex plunged 1,414 points, or 1.9 per cent, to close at 73,198 after touching an intraday low of 73,141.

The index lost 2,113 points, or 2.8 per cent, over the week and dropped 4,303 points, or 5.6 per cent, in February.

Adani Green Energy Limited (AGEL), India’s largest renewable energy company, on Friday surpassed a record 12,000 megawatts (MW) operational portfolio with the commissioning of an additional 275 MW solar capacity at the world’s largest renewable energy plant at Khavda in Gujarat.

AGEL is the first renewable energy company in India to reach this landmark. The 12,258.1 MW portfolio consists of 8,347.5 MW solar, 1,651 MW wind and 2,259.6 MW wind-solar hybrid capacity, according to an AGEL statement.

“The milestone underscores AGEL’s commitment to deliver 50,000 MW of clean, affordable and reliable power by 2030. The 12,258.1 MW operational portfolio will power more than 6.2 million homes and avoid about 22.64 million tonnes of CO2 emissions annually. The emissions avoided are equivalent to carbon sequestrated by 1,078 million trees,” the company said.

The Unified Payments Interface (UPI) provides an opportunity to other countries to learn from India’s experience and get ideas on how to adopt it in their own countries, said Professor Carlos Montes, Lead Innovation Hub, University of Cambridge Business School here.

Professor Montes, who is on a tour to India for attending and speaking at the NXT event in the national capital on Saturday, was briefed about the working and achievements of UPI system which recorded an all-time high of 16.99 billion transactions in January this year with the value exceeding ₹Rs 23.48 lakh crore.

Montes was glad to see the success of the UPI payment system.

“The growth of UPI shows that the government is making sure that the technology that they develop is user friendly for citizens, and that there is a regular and constant innovation in the same which explains the high adoption rate of UPI in India,” the Cambridge Professor noted.

Only one out of three Ola Electric scooters sold in February was officially registered, according to latest data from the government's VAHAN portal.

While the company claimed to have sold 25,000 scooters during the month, only 8,390 were registered on the VAHAN website.

The discrepancy is due to ongoing contract renegotiations with Rosmerta Digital Services Private Limited and Shimnit India Private Limited, the firms responsible for vehicle registrations, as per an exchange filing on February 19.

"As a result of these ongoing negotiations, the registration numbers for the month of February 2025, as reflected on the VAHAN portal, will be temporarily impacted, while there will be no change in sales," the company said in its regulatory filing.

However, the company added that the registration process will return to normal in the coming weeks.

SpiceJet's stock on Thursday took a hit by falling over 8 per cent during an intra-day low as the brokerage firm Nuvama slashed its target price by 14 per cent while maintaining a 'hold' rating.

At the closing bell, the share saw a slight recovery to close at Rs 44.72, down by Rs 3.25 or 6.78 per cent.

The firm raised concerns about the airline’s lack of transparency in financial data, a sharp 41 per cent drop in available seat kilometres (ASKM) year-on-year (YoY), and the fact that 30 per cent of its aircraft remained grounded in the second quarter.

Kia, South Korea's second-biggest carmaker, said on Thursday it has unveiled its new electric vehicle (EV) models and future electrification strategy at an event in Spain.

Kia showcased three key models -- the Kia EV4, Kia PV5 and Kia Concept EV2 sport utility vehicle (SUV) -- representing its latest electric technology and design innovations.

The EV4 is Kia's first electric sedan, the PV5 is its first purpose-built vehicle (PBV) equipped with Hyundai Motor Group's dedicated PBV platform named E-GMP.S and the Concept EV2 is a compact addition to its growing dedicated EV lineup, reports news agency.

Electric vehicle maker Kinetic Green faced a major financial setback in FY24, with its losses widening 11 times to Rs 77 crore as compared to the Rs 7 crore in the previous year (FY23).

The biggest contributor to its rising losses was a massive jump in advertising expenses, which surged 8.2 times to Rs 58 crore in FY24.

Additionally, employee benefit costs increased by 52.4 per cent, further straining the company’s finances.