Shares of PNB Housing Finance surged by nearly 10% on Tuesday following the company’s impressive quarterly performance, highlighted by a 25% rise in net profit. The firm reported a net profit of Rs 550 crore for the March quarter, up from Rs 439 crore in the same period last year. As a result, the company’s stock price spiked by 9.99% on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), reaching Rs 1,085.40 and Rs 1,084.85, respectively. The positive earnings report has sparked investor optimism, marking a strong conclusion to the company's fiscal year.

Shares of Gensol Engineering Ltd. have hit new lows, continuing their steady decline due to ongoing issues surrounding the company. On Tuesday, the stock plunged 5%, reaching the lowest permissible trading limit and marking a 52-week low at Rs 82.20 on the Bombay Stock Exchange (BSE). The decline also hit Rs 81.36 on the National Stock Exchange (NSE), triggering the 14th consecutive day of losses. At its peak, the stock traded at Rs 1,125.75, but it has now experienced a staggering 92.69% loss, raising significant concerns among investors.

Crude oil prices faced downward pressure in early trade on Tuesday, with futures on the Multi Commodity Exchange (MCX) dipping by Rs 27 to Rs 5,254 per barrel. The decline reflects a broader weakening in global demand, as market participants adjust their positions amidst less-than-optimistic signals from overseas markets. This price drop is indicative of the volatility often experienced in the commodities market, where global economic factors, including shifts in demand and supply, play a significant role in influencing pricing trends.

In a bold move towards a sustainable energy future, Talwandi Sabo Power Ltd. (TSPL), a key player in the Vedanta Power portfolio, has launched a state-of-the-art biomass manufacturing facility in Mansa, Punjab. With a capacity of 500 tonnes per day, the new plant is set to transform agricultural stubble into eco-friendly bio-pellets, which will significantly reduce TSPL’s carbon footprint. This initiative is part of the company’s broader strategy to reduce its reliance on coal and align with India's green energy goals.

As gold prices soar, jewellery retailers are offering attractive discounts on making charges and gold value to entice customers ahead of the auspicious Akshaya Tritiya festival. Leading brands like Tanishq, Senco Gold, MP Jewellers, and PC Chandra Jewellers are offering a range of discounts to take advantage of the buying season. Despite the rise in gold prices, which have surged over 30% in the last year, strong consumer confidence and the appeal of gold as a safe investment are expected to drive robust sales during the festival.

The Indian auto component industry is poised to experience a revenue setback of up to Rs 4,500 crore in the current fiscal year, as exports to the United States face adverse impacts from newly imposed tariffs. A recent report by Icra highlights that Indian auto component manufacturers could see a decline in growth, with revenue growth forecasted to ease to 6-8% by FY2026.

Vodafone Idea (VIL) has expanded its 5G network to Chandigarh and Patna, with plans to bring 5G services to Delhi and Bengaluru by May 2025. This follows a successful 5G launch in Mumbai, where the service has already gained significant traction. With over 70% of eligible users enjoying the new service, VIL is enhancing its market position by offering unlimited 5G data on select plans. The company aims to capture the growing demand for high-speed connectivity, including applications such as streaming, gaming, and cloud services.

: A new report by Climate Risks Horizon suggests that India could eliminate its dependence on thermal coal imports by 2029 if it increases its renewable energy capacity by 50 gigawatts annually. This ambitious shift would save India approximately USD 66 billion in foreign exchange over the next five years, with potential savings of USD 173 billion by 2034. The report also highlights India’s growing reliance on imported coal, which has been exacerbated by global price volatility and currency fluctuations.

Mahindra Lifespace Developers Ltd, a major player in India's real estate sector, reported a mixed set of results for the latest quarter and fiscal year. While the company's residential sale bookings saw a slight decline in the March quarter, its pre-sales for the entire 2024-25 fiscal rose 20%, showcasing overall growth. The firm also posted a notable 19% increase in quarterly net profit despite the challenges faced in the sector.

Experion Developers, a prominent real estate firm backed by Singapore’s AT Capital Group, is set to invest over Rs 2,000 crore into a new luxury housing development in Gurugram, aimed at capitalizing on the growing demand for premium residences. The project, titled ‘The Trillion,’ will feature 540 high-end apartments and is expected to be completed within the next 5 to 7 years. With a focus on offering luxury living in one of India's most sought-after real estate markets, Experion Developers is betting on strong demand, particularly for high-end properties in the region.