Tata Starbucks, the 50:50 joint venture between Tata Consumer Products Ltd (TCPL) and Starbucks Corporation, reported a wider net loss of Rs. 135.7 crore for FY25, up from Rs. 82.16 crore the previous fiscal year. Despite the financial setback, the company's revenue grew 5% to Rs. 1,277 crore, bolstered by aggressive store expansion. With 58 net new stores added and presence extended to 19 new cities, Tata Starbucks now operates 479 outlets across 80 cities, making it the largest organized café operator in India.

GIC Re, India’s premier state-owned reinsurer, reported a 17% decline in net profit to Rs. 2,183 crore for the quarter ended March 2025, despite a notable 19% increase in gross premiums collected. The underwriting segment swung to a loss of Rs. 392 crore, reversing the prior year's profit. However, for the full fiscal year, the company posted a modest 3% rise in net profit to Rs. 6,701 crore on a 10.7% growth in gross premium income. The board recommended a robust dividend payout, reflecting confidence in the company’s financial health amid evolving market conditions.

Welspun Enterprises Ltd (WEL), a leading player in India’s infrastructure development sector, has reaffirmed its leadership continuity with the reappointment of Balkrishan Goenka as Executive Chairman and Sandeep Garg as Managing Director. The board’s decision, announced on Monday, extends both executives’ terms by one year, from June 1, 2025, to May 31, 2026.

The Delhi High Court’s division bench has decisively rejected the appeal by KAL Airways and Kalanithi Maran seeking damages exceeding Rs 1,300 crore from SpiceJet. The claims, which originated during arbitration proceedings and were initially dismissed by a tribunal comprising three retired Supreme Court judges, had already been dismissed earlier by a single-judge bench of the Delhi High Court.

India’s prominent edtech firm Byju’s faces a significant operational setback as its flagship learning app has been removed from the Google Playstore due to unresolved payment disputes with Amazon Web Services (AWS), the app’s key technology vendor. The dispute has been ongoing since April 2024, coinciding with the company’s insolvency proceedings overseen by an appointed Resolution Professional. While Byju’s Premium Learning and Exam Prep apps remain accessible, the delisting reflects escalating financial pressures on the firm amidst investor litigation and regulatory scrutiny.

Blue Dart Express Ltd., one of India's leading logistics and express delivery service providers, reported a sharp 29% year-on-year decline in net profit for the March quarter of FY25, amounting to Rs. 55.15 crore. This came despite a 7.13% rise in revenue from operations to Rs. 1,417.32 crore. For the full financial year, net profit dropped 16.14% to Rs. 252.42 crore. The company attributed the dip in profitability to increased operational expenditures and front-loaded investments in aviation and infrastructure.

Monte Carlo Fashions Ltd has posted a significant reduction in its net loss for the March quarter of FY25, with losses narrowing to Rs. 10.34 crore from Rs. 17.76 crore in the same quarter last year. Despite a marginal dip in quarterly revenue to Rs. 205.93 crore, the company reported a strong full-year performance with a 35.4% jump in net profit to Rs. 81.17 crore. This turnaround was supported by a decline in quarterly expenses and a modest rise in annual revenue. Shares of the apparel firm closed higher on the BSE, reflecting investor confidence in its financial recovery.

On May 28, Food and Consumer Affairs Minister Pralhad Joshi is set to convene a high-level meeting with leading industry stakeholders to address growing concerns over the use of 'dark patterns' in digital commerce. The discussion will explore actionable strategies to reinforce consumer rights and ensure ethical user interface practices across platforms. Attendees will include top e-commerce giants from diverse sectors, as well as legal experts and consumer advocacy groups.

In a significant stride toward enhancing agricultural productivity, Insecticides India Ltd (IIL) has launched ‘Altair,’ a patented pre-emergent herbicide designed to address the persistent issue of weed infestation in paddy farming. Developed by Japan’s Nissan Chemical Corporation, Altair will be exclusively marketed in India by IIL. The herbicide promises broad-spectrum, long-lasting protection by forming a protective soil barrier shortly after transplantation.

Pharmaceutical major Lupin Ltd. has entered into a strategic license and supply agreement with Costa Rica-based SteinCares to commercialize its biosimilar ranibizumab in Latin America, excluding Mexico and Argentina. Under this collaboration, SteinCares will lead regulatory filings and distribution, while Lupin will retain responsibility for manufacturing. The move aligns with Lupin’s broader vision of increasing access to advanced biologic therapies in emerging markets.