India’s manufacturing sector continued its healthy performance in May, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) recording a reading of 57.6, it said on Monday.

While slightly lower than April’s 58.2, the index remains well above the neutral 50 mark -- signifying sustained expansion in the sector, according to data compiled by S&P Global.

“India’s May manufacturing PMI signalled another month of robust growth in the sector,” said Pranjul Bhandari, Chief India Economist at HSBC.

“The acceleration in employment growth to a new peak is certainly a positive development. Input cost inflation is picking up, but manufacturers seem to be able to lessen the pressure on profit margins by raising output prices,” she added.

The growth was powered by solid domestic and overseas demand, as well as successful marketing efforts that boosted export orders to one of the highest levels seen in the last three years.

More than 6.1 crore farmers in India, across 14 states in the country, have digital IDs, similar to Aadhar card, that are linked to their land records, according to the latest government data.

Created under Agri Stack as part of the Digital Agriculture Mission, these IDs are maintained by the State Governments/ Union Territories. They will be linked to various farmer-related data, including land records, livestock ownership, crops sown, and benefits availed. It will also help expedite credit, crop insurance, and PM Kisan payments.

Uttar Pradesh (1.3 crore) has the highest number of farmer IDs generated, followed by Maharashtra (99 lakh), Madhya Pradesh (83 lakh), Andhra Pradesh (45 lakh), Gujarat (44 lakh), Rajasthan (75 lakh).

Other states like Tamil Nadu, Assam, Bihar, Chhattisgarh, Odisha, Kerala, Telangana, and Madhya Pradesh have also made progress in providing IDs, as per the data.

India’s aviation industry has expanded at a rapid pace to become the world’s third-largest aviation market in terms of passenger traffic, according to a report compiled by the International Air Transport Association (IATA).

IATA’s country director for India, Nepal and Bhutan, Amitabh Khosla, said India’s rise to the third rank in the global market comes on the back of stronger airlines, growth of connectivity, and increased airport infrastructure.

He described the aviation industry as a key driver of employment, economic activity, international trade and investment in the country.

India’s aviation now accounts for 1.5 per cent of the country’s Gross Domestic Product (GDP) and has created approximately 7.7 million jobs, both directly and indirectly, across the country, the report states.

The Unified Payments Interface (UPI) has posted a robust recover in the month of May by processing 18.68 billion transactions, up from 17.89 billion in April.

As per data by the National Payments Corporation of India (NPCI), the UPI transactions mark a 33 per cent year-on-year (YoY) surge compared to 14.03 billion transactions in the same month last year.

The UPI transactions rose to Rs 25.14 lakh crore (by value) last month, a 5 per cent increase from Rs 23.95 lakh crore in April. This reflects a 23 per cent rise from Rs 20.45 lakh crore in May last year.

The average daily transaction volume stood at 602 million, while the average daily transaction value reached Rs 81,106 crore.

Hyderabad-based microfinance company Spandana Sphoorty Financial Limited has reported a net loss of Rs 434.3 crore year-on-year (YoY) for the fourth quarter ending March 31 (Q4 FY25).

This is a sharp reversal from the same quarter previous fiscal (Q4 FY24) when the company had posted a profit of Rs 128.6 crore, according to its stock exchange filing.

The company’s revenue from operations dropped significantly by 38 per cent, falling to Rs 414.8 crore in Q4 FY25 from Rs 669 crore in the same period in previous financial year.

Real estate company Puravankara Limited has posted a net loss of Rs 88 crore in Q4 FY25, compared to a net loss of Rs 6.7 crore in the same period in previous fiscal.

Revenue from operations also declined significantly, falling 41 per cent year-on-year (YoY) to Rs 541.6 crore, down from Rs 920 crore, according to its stock exchange filing.

The company's operating performance took a hit, with EBITDA (earnings before interest, taxes, depreciation and amortisation) declining 73 per cent to Rs 30.5 crore from Rs 113.4 crore in the same quarter last financial year.

As a result, the EBITDA margin shrank to 5.63 per cent, compared to 12.32 per cent in Q4 FY24.

Vodafone Idea has reported a wider net loss of Rs 7,166.1 crore for the fourth quarter ended March 31 (Q4 FY25), compared to a loss of Rs 6,609.3 crore in the previous quarter (Q3 FY25).

This rise in losses comes despite some year-on-year improvement, as the loss had stood at Rs 7,674.6 crore in the same quarter previous fiscal (Q4 FY24), according to its stock exchange filing.

The telecom company also saw a decline in its revenue from operations, which dropped slightly to Rs 11,013.5 crore in Q4 from Rs 11,117.3 crore in Q3 -- a decrease of around 0.93 per cent.

Total income also slipped by about 1.22 per cent quarter-on-quarter (QoQ) to Rs 11,228.3 crore.

Property registrations across budget categories in the city continued to scale new high in the first five months of 2025, a report showed on Saturday.

According to the Maharashtra State Revenue Department, the overall revenue collected by the authorities from property registrations and the total registrations in Mumbai in January to May 2025 was at a record high.

An analysis of the data of Inspector General of Registration (IGR), Maharashtra revealed that the overall revenue collected from property registrations in Mumbai stood at nearly Rs 5,695 crore in the first five months of 2025, according to the report by Anarock Group.

This is 17 per cent more than last year’s corresponding period (January- May 2024) when the revenue collected was approx. Rs 4,860 crore.

Adani Energy Solutions Ltd (AESL) on Friday said it has won a Rs 1,660 crore inter-state transmission project in Maharashtra.

The project scope includes the establishment of 3,000 megavolt-amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL’s overall transmission network to 26,696 ckm (circuit kilometres) and 93,236 MVA of transformation capacity.

AESL, India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, said it is scheduled to commission the project by January 2028.

The project, housed under the Special Purpose Vehicle (SPV), WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas.

The project SPV has formally been transferred to AESL.

FSN E-Commerce Ventures Limited, the parent company of popular fashion brand Nykaa, on Friday reported 27.86 per cent sequential drop in its net profit at Rs 19.05 crore, down from 26.41 crore in Q3 FY24.

The company also reported 8.89 per cent decrease in its total income at Rs 2,070 crore in Q4, compared to Rs 2,272.74 crore in Q3, according to its stock exchange filing.

Falguni Nayar-run Nykaa registered a decrease of 9.08 per cent in its revenue from operations at Rs 2,061.76 crore in the January-March quarter, from Rs 2,267.21 crore in Q3.

Meanwhile, total expenses decreased by 8.8 per cent in Q4.