Ujjivan Small Finance Bank reported a 66% year-on-year decline in net profit for the first quarter of FY25, with earnings falling to Rs. 116 crore from Rs. 342 crore in the same period last year. The downturn was driven primarily by a significant rise in provisions and contingencies, which surged more than fourfold. Despite steady growth in net interest income and stable loan disbursements, the bank’s bottom line was weighed down by elevated credit costs and balance sheet adjustments.

India’s proposed cybersecurity norms for telecom operators have sparked a growing chorus of concern among privacy advocates and digital rights experts. While the new framework seeks to fortify the country’s communication infrastructure against growing cyber threats, critics argue it could lead to unchecked surveillance, data overreach, and erosion of civil liberties. The draft mandates heightened compliance measures, deeper scrutiny of network equipment, and real-time access to certain data by enforcement agencies.

M&B Engineering Ltd is set to open its initial public offering (IPO) on July 30, aiming to raise Rs. 650 crore to support its growth trajectory. The company, known for its specialized engineering solutions in the industrial and infrastructure sectors, plans to use the capital for capacity expansion, debt reduction, and technology upgrades. The IPO will consist of both fresh equity issuance and an offer for sale by existing stakeholders.

In a significant development for India's electronics manufacturing sector, the government has officially approved the joint venture between Dixon Technologies and Chinese handset design company Longcheer. The collaboration is expected to substantially scale up local smartphone production capabilities and deepen domestic value addition. The approval paves the way for Dixon to further integrate design and development expertise into its manufacturing operations, enhancing competitiveness under the Production-Linked Incentive (PLI) scheme.

JSW Energy, one of India’s leading power producers, has entered into a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for the supply of 230 megawatts (MW) of wind power. This strategic move is part of the company’s broader commitment to renewable energy expansion, with the new capacity forming a portion of a larger 1.3-gigawatt wind energy pipeline already under development.

ITC Ltd, one of India's most diversified conglomerates, has unveiled a strategic investment plan worth Rs. 20,000 crore to bolster its manufacturing infrastructure and accelerate sustainability-led growth. The capital will be deployed across multiple new units, including food processing, personal care, and packaging, as well as green energy and agri-based operations. This long-term investment underscores ITC’s intent to deepen its presence in value-added sectors, create employment, and reinforce India’s self-reliance in high-growth consumer categories.

In a strategic move to bolster its capital structure and fund future growth, Embassy Office Parks REIT has successfully raised Rs. 2,000 crore through a listed, rated, and secured debenture issue. This marks a significant capital infusion for India’s first publicly listed real estate investment trust, reinforcing its robust market position and long-term growth vision.

Anant Raj Ltd, a prominent real estate and infrastructure development company, reported a robust 38% year-on-year increase in consolidated net profit for the first quarter, reaching Rs. 126 crore. The performance was underpinned by strong revenue growth and operational efficiencies across its real estate portfolio. With a consistent uptick in residential demand and strategic execution of premium housing and commercial projects in the Delhi-NCR region, the company has continued to build momentum.

In a significant stride toward scaling its specialty chemicals and packaging film capabilities, SRF Ltd has greenlit an investment of Rs. 750 crore for two strategic projects. The chemical major plans to establish a new agrochemical unit and a BOPP (biaxially oriented polypropylene) film plant to meet surging domestic and export demand. The move underscores SRF’s commitment to strengthening its presence across high-margin sectors and diversifying its product portfolio in line with global sustainability and food safety trends.

In a major transaction that underscores the growing appetite for high-end real estate in India's financial capital, DLF and Trident have successfully sold 416 luxury residential units in Mumbai for a total consideration of Rs. 2,300 crore. This landmark deal reflects both developers' ability to tap into the premium housing segment, which continues to thrive despite broader economic uncertainties.