Hyundai Motor India on Friday reported a slight decline in its net profit for the fourth quarter of financial year 2024-25 (Q4 FY25).

The automaker posted a net profit of Rs 1,614 crore for Q4, down nearly 4 per cent from Rs 1,677 crore recorded in the same quarter last fiscal (Q4 FY24), according to its stock exchange filing.

However, Hyundai’s revenue from operations rose by 1.5 per cent year-on-year (YoY) to Rs 17,940 crore during the March 2025 quarter.

The company also announced a final dividend of Rs 21 per equity share for FY25, as per its exchange filing.

India’s 2024–25 sugar season is projected to conclude with a net sugar production of approximately 261 to 262 lakh tonnes which will leave a comfortable buffer stock of 52 lakh tonnes to meet domestic demand, the Indian Sugar & Bio-energy Manufacturers Association (ISMA) said on Friday.

The production includes 257.44 lakh tonnes of sugar produced up to mid-May in the current season, along with an estimated 4 to 5 lakh tonnes anticipated from the special crushing season in Tamil Nadu and Karnataka, the ISMA statement explained.

“The season commenced with an opening stock of 80 lakh tonnes. Considering the projected domestic consumption of 280 lakh tonnes and export estimates of up to 9 lakh tonnes, the closing stock is likely to be around 52 – 53 lakh tonnes. This reflects a comfortable buffer, ensuring that the country has a sufficient sugar stock to meet its domestic sugar demand,” ISMA said.

The stock of Turkish ground-handling firm Celebi Airport Services tanked 10 per cent on Friday after India revoked the security clearance of the company amid calls to ban Turkish businesses, in the wake of their country supporting Pakistan which harbours terrorism.

The stock fell 222 points, or 10 per cent, to trade at 2,002 in Istanbul on Friday, extending its losses to nearly 30 per cent in four sessions. The stock was under pressure in the past few days amid clamour for action against the Turkish firm.

In a notification, the Ministry of Civil Aviation said on Thursday that “in the exercise of power conferred upon DG, BCAS, the security clearance in Celebi Airport Services India Pvt Ltd is hereby revoked with immediate effect in the interest of National Security.”

Realty major Signature Global (India) Limited has reported a 37 per cent decline in revenue, dropping to Rs 520.4 crore for the fourth quarter (Q4) of FY25, compared to Rs 827.6 crore in Q3.

Similarly, the company’s total income slipped by 33.83 per cent -- from Rs 862.1 crore in Q3 to Rs 570.4 crore in Q4, according to its stock exchange filing.

However, despite the revenue drop, Signature Global managed to more than double its net profit.

The company posted a net profit of Rs 61.1 crore in Q4, up from Rs 29.1 crore in the previous quarter, marking a growth of around 110 per cent.

The net profit attributable to owners of the holding company stood at Rs 61 crore, up by approximately 109.62 per cent from Rs 29.1 crore in Q3.

EaseMyTrip Founder Nishant Pitti on Friday accused rival online travel and hospitality major MakeMyTrip of putting the travel data of Indian Armed Forces personnel into danger, alleging that "half of MakeMyTrip's board -- five out of 10 directors have direct ties to China, including pivotal appointments by Trip.com, a company with Chinese ownership".

According to Pitti, "three of the four most strategic board committees (at MakeMyTrip) are either led or significantly influenced by directors with clear Chinese affiliations, giving them disproportionate sway over critical decisions".

"MakeMyTrip may dismiss this as a ‘motivated accusation’ but when national security is at stake, silence is not an option,” he said in a statement.

After Swiggy, its online food delivery rival Zomato has made a new change to its Gold membership benefits for the rainy season.

Starting from Friday, Gold members will no longer be exempt from surge fees during rainy weather. This means that even paying subscribers will have to pay an extra fee for food delivery when it rains.

The company informed users about this change through an in-app notification. The message said, “Starting May 16, surge fee waiver during rains will not be part of your Gold benefits.”

However, Zomato has not shared the exact amount of the surge fee yet. Zomato explained that this extra charge will help the company provide better compensation to delivery partners who work in difficult weather conditions.

The chief executive officer (CEO) of HD Hyundai, South Korea's leading shipbuilding conglomerate, met with US Trade Representative (USTR) Jamieson Greer to explore cooperation in the shipbuilding sector, the company said on Friday.

HD Hyundai CEO Chung Ki-sun and Greer held the meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) trade ministers' meeting, held on Jeju Island from Thursday to Friday, the company said in a press release.

The meeting marked the first official dialogue between the USTR and South Korea's shipbuilding industry, reports news agency.

During the talks, Chung emphasised the need to strengthen bilateral cooperation in shipbuilding through joint technology development, process collaboration and workforce training programmes, the company said.

Adani Airport Holdings has terminated the ground handling concession agreement with Turkish firm Celebi at Mumbai and Ahmedabad airports with immediate effect.

In a statement, Adani Airports said that after the government’s decision to revoke Celebi's security clearance, “we have terminated the ground handling concession agreements with Celebi at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and Ahmedabad's Sardar Vallabhbhai Patel International Airport (SVPIA)”.

“Accordingly, Celebi has been directed to immediately hand over to us all ground handling facilities to ensure uninterrupted operations,” said the company.

It further stated that the company will continue to provide seamless service to all airlines without disruptions through new ground handling agencies.

Saregama India Limited, part of the RPSG Group and chaired by Sanjiv Goenka, on Thursday reported a decline in both revenue and net profit in the fourth quarter (Q4) of FY25 compared to the previous quarter (Q3 FY25).

The company’s revenue from operations fell sequentially by 50.16 per cent to Rs 240.82 crore in Q4, from Rs 483.43 crore in Q3, according to its stock exchange filing.

Similarly, Saregama’s profit after tax (PAT) in Q4 stood at Rs 59.86 crore, a 3.98 per cent drop sequentially from Rs 62.34 crore reported in Q3.

Profit attributable to the owner of the company declined by 3.50 per cent, from Rs 62.31 crore in Q3 to Rs 60.13 crore in Q4.

Total income also took a hit as it dropped by 48.21 per cent, coming in at Rs 258.47 crore in the March quarter (Q4), compared to Rs 499.14 crore in the December quarter (Q3).

Shares of Muthoot Finance on Thursday slipped 7.25 per cent or Rs 163.90 to hit an intra-day low of Rs 2,096 on the national Stock Exchange (NSE) amid Reserve Bank of India's (RBI) draft loan-to-value (LTV) norms.

.On the Bombay Stock Exchange (BSE), the shares were trading at Rs 2,096.40, down by Rs 166.35 or 7.35 per cent during the intra-day session.

The decline in Muthoot Finance's share price was driven by concerns over the Reserve Bank of India’s (RBI) draft regulations on LTV norms for gold loans.

According to analysts, the RBI’s draft guidelines, if implemented, could have a near-term impact on the disbursement LTV of Muthoot Finance and its peer non-banking financial companies (NBFCs).

As per a note by Motilal Oswal, "Until the final gold-lending guidelines are published by the RBI, the growth outlook on gold loans will remain uncertain."