As Apple ramps up its India manufacturing plans, iPhone exports from the country to the US surged 76 per cent (year-on-year) in April, according to a new report.

According to latest estimates by market research firm Omdia, nearly 3 million ‘India-made’ iPhones were shipped to the US in April.

In comparison, iPhone shipments from China plummeted by a massive 76 per cent to just 900,000 units.

This marks the first time India has consistently outpaced China in supplying iPhones to the American market, according to a report by CNBC, citing the data.

“Apple has been preparing for this kind of trade disruption for years. The April spike likely reflects strategic stockpiling ahead of tariff hikes,” Le Xuan Chiew, research manager at Omdia, was quoted as saying in the report.

South Korea's hydrogen fuel cell electric vehicle (FCEV) sector is facing a sharp downturn this year, with both domestic sales and exports falling significantly amid a lack of demand, industry data showed on Wednesday.

According to the Korea Automobile and Mobility Association (KAMA), only 18 hydrogen vehicles, including both passenger and commercial models, were exported from January to April, down 70 percent from 60 units a year ago.

Domestic sales came to 965 units over the cited period, raising concerns that the annual tally may dip to the lowest in years, reports news agency.

Hyundai Motor Co., which had led the global hydrogen vehicle market with models like the Nexo and the Xcient commercial truck, is losing momentum due to limited model availability and a lack of hydrogen infrastructure.

The Life Insurance Corporation of India on Tuesday reported a 38 per cent jump in net profit to Rs 19,013 crore for the January-March quarter of the financial year 2024-25 compared to the corresponding figure of Rs 13,763 crore in the same period of the previous year.

The company declared a final dividend of Rs 12 per share for FY25. The Board has fixed July 25, 2025, as the "record date" for ascertaining the eligibility of members of the corporation for the proposed final dividend, the LIC said in a stock exchange filing.

India’s coal imports declined by 7.9 per cent to 243.62 million tonnes (MT) during financial year 2024-25 due to the increase in domestic production of the fossil fuel, resulting in a massive saving in foreign exchange to the tune of $7.93 billion (Rs 60681.67 crore) in the import bill, according to a Coal Ministry statement issued on Tuesday.

The country had imported 264.53 MT of coal in the previous financial year.

The non-regulated sector, excluding the power sector, experienced a more significant decline, with imports dropping by 8.95 per cent year-on-year. Although coal-based power generation grew by 3.04 per cent from FY 2024-25 compared to the previous fiscal year, imports for blending by thermal power plants decreased sharply by 41.4 per cent. This highlights India’s ongoing efforts to reduce its dependence on imported coal and enhance self-sufficiency in coal production, the statement said.

Bharat Sanchar Nigam Limited (BSNL) on Tuesday reported a net profit of Rs 280 crore for the January-March quarter, making it the second consecutive profitable quarter after the loss-making telecom major surged out of the red for the first time in the October-December quarter of 2024-25.

BSNL had made a loss of Rs 849 crore in the fourth quarter of the previous financial year. The company’s loss for the full financial year 2024-25 has now been reduced by 58 per cent to Rs 2,247 crore in FY-25 from Rs 5,370 crore in FY-24.

The government-owned telecom major’s total income shot by 10 per cent to Rs 23,427 crore during 2024-25 from Rs 21,302 crore in 2023 -24.

The government’s support through strategic revival initiatives, including spectrum allocation, and capital infusion have played a key role in bolstering the company’s operations.

With India on the brink of becoming the world’s fourth-largest economy, the milestone will boost the country’s manufacturing and medical technology sector, according to the Association of Indian Medical Device Industry (AiMeD) on Tuesday.

NITI Aayog on Monday said India is set to become the fourth largest economy in the world by overtaking Japan by the end of 2025.

The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April, said that India is expected to be the fourth largest economy in the world with a GDP of $4.19 trillion in 2025, ahead of Japan.

For the medical devices sector, the achievement will boost indigenous manufacturing and self-reliance, said Rajiv Nath, Forum Coordinator of the AiMeD.

“A growing economy allows us to scale up R&D, invest in new technologies, and become globally competitive,” Nath said.

Bengaluru has been ranked among the top 12 global tech powerhouses, alongside leading markets in the US, according to a report released on Tuesday.

The report by by real estate consulting firm CBRE stated that Bengaluru is the largest tech talent market in the Asia-Pacific region, along with Beijing and Shanghai, with its tech workforce exceeding 1 million. This makes the city a critical node in the global technology and innovation landscape.

Bengaluru joins cities like Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo and Toronto.

The report underscores Bengaluru's leadership in AI development talent, stating that it has the most AI-related professionals in India, placing it on par with established US clusters like San Francisco and New York.

Maruti Suzuki and Honda Cars India have clocked a robust increase in exports to the Japanese market, reflecting the improving quality and acceptance of India-made cars in developed markets.

According to figures compiled by the Society of Indian Automobile Manufacturers (SIAM), India’s car exports to Japan jumped to $616.45 million in the first nine months (April-December) of 2024-25, which represents a close to 3-fold jump over the $220.62 million worth exports in full financial year of 2023-24.

The Maruti Suzuki India is the biggest exporter its off-roader sport utility vehicle (SUV) Jimny to Japan. Mexico, Australia, and South Africa are currently the top four export markets for this car.

This is the second SUV after the Fronx that the company is exporting to its parent company in Japan. The company exports its Fronx SUVs to Japan from its Guajart plant with the consignments being shipped out from the Pipavav Port in the state.

Interglobe Aviation, the operator of IndiGo Airlines, saw its stock slipping nearly 3 per cent on Tuesday after its co-founder Rakesh Gangwal offloaded 2.26 crore shares worth nearly Rs 11,928 crore in a block deal.

The block sale constituted 5.8 per cent of Gangwal’s stake in the leading budget airline, according to multiple reports. Gangwal had resigned from the board of InterGlobe Aviation in 2022 and remained one of IndiGo’s largest shareholders.

The floor price for the transaction has been pegged at Rs 5,260 per share, representing a discount of around 3 per cent to the last closing price, according to reports.

The stock, however, recovered from early losses and was trading at Rs 5,318.00 apiece, down 1.88 per cent around 11 am.

Fintech company Infibeam Avenues on Monday reported 15 per cent sequential decline in profit from operations in the January-March period (Q4) to Rs 54 crore, from Rs 64 crore in the December quarter (Q3).

The company said in a stock exchange filing that its income from operations stood at Rs 1,160 crore in the March quarter of FY25, which is 8.4 per cent higher than the December quarter's income from operations of Rs 1,070 crore.

The company's profit from operations grew 17 per cent (year-on-year) in the March quarter. The company had a profit of Rs 46 crore in the March quarter of FY24.

The company's expenses increased by 8.88 per cent on a quarterly basis to Rs 1,103 crore in the January-March period, from Rs 1,013 crore in the October-December period.