In a move aimed at enhancing market stability and curbing speculative behavior, the Securities and Exchange Board of India (SEBI) has directed exchanges to impose higher margin requirements on electricity futures contracts. The regulatory intervention seeks to prevent excessive volatility in this emerging derivative segment and ensure it serves its intended purpose of price discovery and risk hedging.

The Income Tax Department has officially enabled online filing for ITR-2 for the assessment year 2024–25, providing a streamlined avenue for individuals and Hindu Undivided Families (HUFs) with income from sources beyond salary or pension. This development marks a key milestone in the ongoing digitization of India’s tax infrastructure, making it more convenient for taxpayers with capital gains, multiple properties, or foreign assets to file returns efficiently.

Bandhan Bank has posted a sharp 65% year-on-year decline in net profit for the first quarter, with earnings slipping to Rs. 372 crore. The fall in profitability was primarily attributed to elevated provisions and contingencies during the quarter, despite moderate growth in interest income. While advances and deposits showed healthy year-on-year growth, the bank’s asset quality came under pressure, resulting in higher credit costs.

Eco Recycling Ltd., a pioneer in India’s electronic waste management sector, has announced a significant expansion of its operational capacity. The company has increased its e-waste processing capabilities by 18,000 metric tonnes (MT) annually, marking a pivotal step toward addressing the country’s growing environmental and regulatory challenges around electronic waste.

Eco Recycling Ltd., a pioneer in India’s electronic waste management sector, has announced a significant expansion of its operational capacity. The company has increased its e-waste processing capabilities by 18,000 metric tonnes (MT) annually, marking a pivotal step toward addressing the country’s growing environmental and regulatory challenges around electronic waste.

In a calculated escalation of its economic offensive against Russia, the European Union has imposed new sanctions targeting Rosneft, the Kremlin-backed oil giant. The revised measures include a significant reduction in the price cap for Russian crude, further restricting the revenue Moscow can generate from energy exports. These sanctions are part of the EU’s broader effort to weaken Russia’s financial capacity to sustain its military operations in Ukraine.

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Texmaco Rail & Engineering Ltd. has successfully commissioned a 10-megawatt (MW) solar power plant in Raipur, Chhattisgarh, marking a strategic step in its commitment toward clean energy adoption and operational sustainability. The plant is expected to significantly reduce the company’s carbon footprint and offset a portion of its power requirements through renewable sources. With this initiative, Texmaco Rail joins a growing list of industrial players investing in solar infrastructure to align with India’s renewable energy ambitions and reduce dependency on conventional power.

Hindustan Zinc Ltd., India’s leading zinc producer, reported a 5% year-on-year drop in net profit for the first quarter of FY25, with earnings settling at Rs. 2,234 crore. The dip was primarily attributed to weaker metal prices and lower income from by-products, despite marginal improvements in production volumes and cost optimization efforts. Revenue for the quarter stood at Rs. 7,379 crore, marking a 4% annual decrease.

Axis Bank has appointed Neeraj Gambhir as its Executive Director, marking a key addition to the lender’s senior management at a time of accelerating transformation in the Indian banking sector. With over three decades of experience across capital markets, treasury operations, and risk management, Gambhir is expected to play a pivotal role in shaping the bank’s strategic direction.