State Bank of India (SBI), the nation’s largest lender, has paid a substantial dividend of Rs. 8,076.84 crore to the government for the financial year 2024-25, reflecting a strong financial performance. The dividend per share rose to Rs. 15.90 from Rs. 13.70 in the previous year, underscoring SBI’s robust profitability. The bank reported a record net profit of Rs. 70,901 crore, marking a 16 percent increase over the prior fiscal year. This dividend payout highlights SBI’s sustained growth and its critical role in bolstering government revenues amid evolving economic challenges.

Continental Tyres, a global automotive supplier, has unveiled plans to invest approximately Rs. 100 crore in India to bolster its production capabilities and diversify its passenger vehicle and light truck product range. This strategic move reflects the company's commitment to meeting the evolving preferences of Indian motorists, particularly in the SUV and premium vehicle categories.

In a significant move to bolster its regional footprint, Indian IT services giant Wipro has announced the relocation of its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The company, renowned for its global technology services, has simultaneously appointed Mohamed Mousa as the Managing Director for the Middle East region. This relocation reflects Wipro’s commitment to expanding its presence in the Saudi market and aligning with the Kingdom’s Vision 2030 agenda, which emphasizes economic diversification and digital transformation.

The Securities and Exchange Board of India (Sebi) has levied a Rs. 3 lakh penalty on Motilal Oswal Financial Services Ltd for breaching stock brokers' norms related to trading terminals and oversight of authorized persons. The violations were uncovered during a thematic inspection focused on the broker's control over authorized persons for the period spanning April 2022 to January 2024. Sebi found multiple instances of trading from unapproved locations and terminals, along with fund-based relationships between authorized persons and clients, contravening established regulations.

Punjab Chief Minister Bhagwant Mann and AAP leader Arvind Kejriwal are set to unveil the ‘FastTrack Punjab Portal,’ a digital initiative designed to streamline investor approvals within 45 days. The portal aims to transform the state’s industrial ecosystem by replacing bureaucratic delays with a disciplined, transparent, and proactive governance framework.

India’s hospitality industry is poised to moderate its growth rate to 6-8% in the current financial year, according to rating agency Icra, which revised the sector outlook from “positive” to “stable.” The recent terror attack in Pahalgam, Jammu and Kashmir, has temporarily dampened foreign tourist arrivals, though a gradual recovery is expected. Domestic tourism remains the mainstay driving demand, supported by improved infrastructure, enhanced air connectivity, and expansion in MICE (meetings, incentives, conferences, and exhibitions) events.

Shaula Real Estates Pvt Ltd, a recently incorporated private real estate firm co-directed by Tanya Arvind Dubash, eldest daughter of Godrej Industries Chairman Adi Godrej, has purchased a luxury duplex apartment in Mumbai’s prestigious Naman Xana project for Rs 225.76 crore. The transaction, completed in May 2025, marks one of the highest-value residential sales in the city, reflecting a robust resurgence of high-end real estate activity post-pandemic. The expansive duplex spans over 11,400 square feet, underscoring continued demand for premium housing among India’s industrial elite.

Bata Brands SA, a global footwear leader, sees substantial potential to increase its leather shoe exports from India, positioning the country as its second-largest sourcing hub. CEO Sandeep Kataria highlighted that while India currently exports millions of leather shoes, there is significant room for growth. With design centers in both Italy and Gurugram, Bata aims to cater to emerging markets more effectively.

Jaiprakash Associates Ltd (JAL), currently under the Corporate Insolvency Resolution Process (CIRP), has secured an extension for the submission of resolution plans until June 24, 2025. The extension, approved by the Committee of Creditors (CoC), follows requests from several prospective resolution applicants (PRAs). A diverse group of 25 bidders—including Adani Enterprises, Vedanta, Patanjali Ayurveda, and other key players—has expressed interest in acquiring JAL’s assets. With outstanding creditor claims amounting to Rs.

IRB Infrastructure Developers Ltd reported a 9% year-on-year increase in its toll revenue for May 2025, reaching Rs. 581 crore compared to Rs. 536 crore in the same period last year. The company attributed this robust growth to heightened travel activity during the vacation season, alongside the addition of approximately 4.5 lakh new vehicles on Indian roads. Major contributors included the IRB MP Expressway, Golconda Expressway, and Ahmedabad Vadodara Super Express Tollway.