Eureka Forbes Ltd has reported a striking twofold increase in consolidated net profit for the March 2024 quarter, underscoring the success of its ongoing business transformation under private equity ownership. Backed by strong product sales, operational efficiencies, and strategic innovation, the company posted a net profit of Rs. 49.48 crore, compared to Rs. 21.38 crore a year earlier. Revenues rose over 10%, while EBITDA margins reached a lifetime high of 13%. For the full fiscal year, net profit surged 72%.

India’s markets regulator, the Securities and Exchange Board of India (SEBI), has issued a final reminder to investors impacted by the collapse of Karvy Stock Broking Ltd (KSBL) to file their claims before the looming June 2, 2025 deadline. This follows KSBL’s declaration as a defaulter by the National Stock Exchange in November 2020, after the firm was found guilty of serious regulatory violations, including misappropriating client funds.

In a strategic move to align with regulatory mandates on public shareholding, the Sajjan Jindal Family Trust divested a 2% stake in JSW Infrastructure, India’s second-largest private port operator, raising Rs. 1,210 crore through an open market transaction. This development is part of a broader compliance initiative with the Securities and Exchange Board of India's (SEBI) minimum public shareholding (MPS) rules, which require newly listed companies to ensure 25% public ownership within a set timeframe.

Karnataka is poised to benefit from the Union Government’s PM E-Drive Scheme, with the allocation of electric buses set to occur in a phased and prioritized manner. Union Minister for Heavy Industries H.D. Kumaraswamy confirmed the development following a formal request by the Karnataka government to bolster urban transport infrastructure. The Rs. 10,900 crore scheme, running from April 2024 to March 2026, aims to distribute over 14,000 electric buses across nine major cities.

NBCC (India) Ltd, a state-owned construction and real estate entity, has successfully sold 446 residential units in Noida, Uttar Pradesh, raising approximately Rs. 1,468 crore through an e-auction process. The sale pertains to Aspire Silicon City Phase-IV in Sector 76 and marks a crucial financial milestone in the government-led initiative to revive stalled Amrapali Group housing projects. Acting under the Supreme Court’s directive, NBCC is overseeing the completion of over 38,000 unfinished homes.

The Reserve Bank of India (RBI) has levied monetary penalties on Deutsche Bank AG’s India operations and Yes Bank for breaching specific regulatory guidelines. Deutsche Bank was fined Rs. 50 lakh for failing to adhere to norms related to the central repository of large common exposures across banks. Yes Bank, meanwhile, faced a penalty of Rs. 29.60 lakh for lapses in the presentation and disclosure of financial statements. The central bank clarified that the penalties stem from compliance deficiencies and do not reflect on the legitimacy of customer transactions or agreements.

Vodafone Idea (VIL), India’s beleaguered telecom operator, has sounded a grave warning to the government, stating that it will be forced to shut operations beyond FY26 unless immediate relief is provided on its Adjusted Gross Revenue (AGR) dues. In a letter to the Department of Telecommunications (DoT), VIL CEO Akshaya Moondra urged intervention, stressing that without government support, the company’s ongoing funding discussions with banks would collapse, and its capital investment cycle would stall.

The European Union and India have unveiled two ambitious research and innovation initiatives under the EU-India Trade and Technology Council (TTC), committing a joint investment of €41 million (approximately Rs. 394 crore). These efforts aim to tackle marine pollution and accelerate the development of waste-to-renewable hydrogen technologies. Co-funded through the EU’s Horizon Europe programme and supported by India's Ministry of Earth Sciences and Ministry of New and Renewable Energy, these initiatives signify a strengthened bilateral alliance in sustainable innovation.

Emami Ltd, one of India’s leading fast-moving consumer goods (FMCG) companies, reported a 10.5% year-on-year rise in consolidated profit after tax for the quarter ended March 2025, reaching Rs. 162.17 crore. The growth was underpinned by robust performance in its core business and steady volume expansion. Revenue from operations grew to Rs. 963.05 crore, while total income climbed to Rs. 984.21 crore. For the full fiscal year, Emami’s profit rose by nearly 11% to Rs. 802.74 crore.

Auto-component manufacturer Pricol Limited reported a consolidated net profit of Rs. 34.94 crore for the quarter ended March 2025, marking a decline from Rs. 41.50 crore in the same period last year. Despite quarterly pressures, the company posted a 19% increase in annual net profit to Rs. 167.02 crore for FY25, supported by robust revenue growth and strategic acquisitions. Total annual income rose to Rs. 2,708.56 crore, reflecting strong operational performance.