Company News
Ola again makes it to top spot in sales in April; e2W market share at 22.4%
The impact of the government subsidy on escooters, which has been halved to ₹5,000 from April 1, is clearly taking its toll on overall sales of e2Ws
 "Ola again makes it to top spot in sales in April; e2W market share at 22.4%")
High import tariffs don't help nations become competitive: Lamborghini exec
India currently levies an import duty of up to 110 per cent on completely built units (CBUs) of automobiles
 "High import tariffs don't help nations become competitive: Lamborghini exec")
PVR INOX debuts in Jabalpur via FOCO model for expansion in smaller cities
With this opening, PVR INOX currently has 1,738 screens across 352 properties in 111 cities
 "PVR INOX debuts in Jabalpur via FOCO model for expansion in smaller cities")
Vedanta Q4 results: Consolidated net profit rises by 154% to ₹3,483 cr
The mining major's net sales jumped by 13.9 per cent to Rs 40,455 crore in the January-March quarter on a year-on-year basis (YoY)
 "Vedanta Q4 results: Consolidated net profit rises by 154% to ₹3,483 cr")
India can be in top 5 mkts for Costa Coffee in 5 yrs: Philippe Schaillee
The Indian consumer is starting to shift from tea to coffee and then increasingly moving to premium coffee, he added
 "India can be in top 5 mkts for Costa Coffee in 5 yrs: Philippe Schaillee")
Amazon India's 9th Prime Day returns this July with big deals, perks
The event promises some of the biggest deals of the summer across categories such as electronics, beauty products, kitchen essentials, and fashion for Prime members
 "Amazon India's 9th Prime Day returns this July with big deals, perks")
Godrej Agrovet Q4 results: PAT rises 24% to Rs 71 cr, income up marginally
Total income rose to Rs 2,146.59 crore in the fourth quarter of last fiscal from Rs 2,144.47 crore in the corresponding period of the preceding year, according to a regulatory filing
 "Godrej Agrovet Q4 results: PAT rises 24% to Rs 71 cr, income up marginally")
Infosys to accelerate digital transformation at Yorkshire Building Society
Leveraging cloud, data, artificial intelligence, and cybersecurity solutions, Infosys will help Yorkshire Building Society achieve its 2030 strategic plan
 "Infosys to accelerate digital transformation at Yorkshire Building Society")
Indian Oil inks five-year deal with Trafigura to import US-linked LNG
Supplies under the deal would begin from the second half of this year, he said, adding that the price of the LNG is linked to the US Henry Hub benchmark
 "Indian Oil inks five-year deal with Trafigura to import US-linked LNG")
Adani Group puts on hold $10 bn chip deal with Israel's Tower Semiconductor
Adani Group pauses its $10 billion chip venture with Israel's Tower Semiconductor after internal review reportedly cites weak demand and limited partner investment
 "Adani Group puts on hold $10 bn chip deal with Israel's Tower Semiconductor")
Sundar Pichai's protection costs Google $8 mn in 2024 amid rising risks
Google spent $8.27 million on CEO Sundar Pichai's security in 2024, citing rising threats and global travel as key reasons behind the 22 per cent surge in protection costs
 "Sundar Pichai's protection costs Google $8 mn in 2024 amid rising risks")
Coromandel International Q4 results: Net profit rises 73% to Rs 384 crore
The fertiliser maker's consolidated pre-tax profit rose to Rs 384 crore ($45.38 million) in the quarter ended March 31, from Rs 222 crore a year earlier
 "Coromandel International Q4 results: Net profit rises 73% to Rs 384 crore")
Orient Green Power Q4 results: Loss narrows to Rs 15 cr as revenue up 15%
The board has also approved the reappointment of Kodumudi Sambamurthi Sripathi as Chairman, Non-Executive & Independent Director of the company for 5 years with effect from November 3, 2025
 "Orient Green Power Q4 results: Loss narrows to Rs 15 cr as revenue up 15%")
Exide Industries Q4 results: PAT falls 10% to Rs 255 cr on higher costs
The company's standalone profit after tax fell 10.3% year-on-year to Rs 255 crore ($30.1 million) for the three months ended March 31
 "Exide Industries Q4 results: PAT falls 10% to Rs 255 cr on higher costs")
Indian Oil to import LNG under 5-year agreement with US-based Trafigura
India is seeking to increase its energy purchases from the United States to address trade imbalances with the world's largest economy
 "Indian Oil to import LNG under 5-year agreement with US-based Trafigura")
Vedanta Q4FY25 results: Profit surges 154% to ₹3,483 cr on higher volumes
The income of the company in the January-March quarter increased to Rs 41,216 crore over Rs 36,093 crore in the year-ago period, Vedanta said in a filing to BSE
Aster DM acquires 5% stake in QCIL via Rs 849 cr share swap deal
The transaction involved Aster DM Healthcare acquiring 1,90,46,028 equity shares of QCIL from BCP and TPG, the company noted
 "Aster DM acquires 5% stake in QCIL via Rs 849 cr share swap deal")
Ikea launches its first 'Plan & Order Point' service in India
This service will be available at its experience centre in East Bengaluru and spans 740 sq metres
 "Ikea launches its first 'Plan & Order Point' service in India")
Blinkit-Airtel SIM delivery paused as DoT asks telcos to abide by KYC norms
The move came after DoT queried Airtel on the process being followed and made it clear that stipulated norms have to be complied with
 "Blinkit-Airtel SIM delivery paused as DoT asks telcos to abide by KYC norms")
Japan's Rakuten to invest $100 mn in India, increase hiring: India unit CEO
Rakuten currently employs 4,000 people in India - 90 per cent of whom are tech staff - and plans to recruit people who it considers "power users" of AI
 "Japan's Rakuten to invest $100 mn in India, increase hiring: India unit CEO")
