Tensions between geopolitics and infrastructure development surfaced in India this week after Madhya Pradesh’s Urban Development and Housing Minister, Kailash Vijayvargiya, directed the cancellation of metro contracts involving any Turkish company. His comments came amid rising diplomatic strains between India and Turkiye, following the latter’s vocal support for Islamabad during the recent Operation Sindoor.

Geojit Financial Services revealed a 38 percent drop in consolidated net profit to Rs 32.21 crore for the quarter ending March 2025, compared to Rs 51.91 crore a year earlier. The firm’s quarterly revenue contracted 15 percent to Rs 177.48 crore, despite a slight sequential rise from the preceding quarter. EBITDA also declined by 35 percent year-over-year. However, Geojit’s full fiscal year 2024-25 results reflected resilience with a 20 percent rise in consolidated revenue to Rs 749.32 crore and a 15 percent net profit increase to Rs 172.49 crore.

India’s formal employment ecosystem continued to show signs of resilience in March 2025, with the Employees’ Provident Fund Organization (EPFO) reporting a net addition of 14.58 lakh members. This represents a year-on-year increase of 1.15%, underscoring stable job growth and sustained economic activity. The surge in new enrollees—particularly among younger workers and women—signals both a strengthening labor market and improving social security awareness. Rejoiners also rose notably, reflecting workforce mobility and greater financial foresight.

VA Tech WABAG Ltd, a leading player in the water treatment sector, reported a consolidated net profit of Rs 99.5 crore for the January-March 2025 quarter, reflecting a substantial year-on-year increase. The company’s annual net profit rose to Rs 294.8 crore, supported by a steady rise in consolidated total income, reaching Rs 3,338.6 crore for FY25. Chairman and Managing Director Rajiv Mittal attributed this growth to disciplined execution under the strategic framework ‘Wriddhi,’ alongside a healthy order book and balanced project portfolio.

Mediatek’s expanding footprint in India is driven predominantly by the country’s robust talent pool rather than geopolitical considerations, according to David Ku, the company’s Co-COO and CFO. While the fabless semiconductor giant acknowledges challenges in developing chip manufacturing capabilities domestically, it continues to invest in software development and research in India. Ku underscored that geopolitical shifts, such as the US-China tariff dispute, have limited influence on their long-term strategy, which prioritizes talent acquisition.

Kerala is witnessing a significant uptick in industrial activity following the Invest Kerala Global Summit (IKGS) 2025, with projects worth Rs 4,886 crore already underway or slated to begin shortly. Four projects valued at Rs 1,211 crore have commenced work, promising over 3,000 new jobs. Additionally, foundation stones for eight more projects, totaling Rs 2,675 crore and expected to generate 8,800 jobs, will be laid imminently. Further investments exceeding Rs 1,000 crore, with 2,400 jobs forecasted, are set to launch in June.

Rail Vikas Nigam Ltd (RVNL), the government-owned infrastructure development firm under the Ministry of Railways, announced a 4 percent decrease in consolidated net profit for the quarter ending March 31, 2025. The company posted Rs 459.15 crore, down from Rs 478.56 crore in the same quarter last year. Total consolidated revenue also contracted by 5.4 percent to Rs 6,613.90 crore, reflecting challenges in operational income. Despite a dip in profits and revenues, RVNL demonstrated cost control with a reduction in expenses.

National Aluminium Company Ltd (Nalco), the state-owned integrated aluminium producer, reported a dramatic rise in its consolidated net profit for the fourth quarter of fiscal year 2025, surging to Rs. 2,067.23 crore—more than double the Rs. 996.74 crore recorded a year earlier. This exceptional performance was underpinned by higher revenues from operations, which rose to Rs. 5,267.83 crore during the quarter. The company’s full-year profit also climbed sharply to Rs.

Nepal has commenced real-time electricity exports to India, capitalizing on increased hydropower generation driven by seasonal rainfall. The Nepal Electricity Authority (NEA) is currently supplying between 150 MW and 200 MW of electricity daily to the Indian market, as river-fed hydropower plants operate at higher capacity. This seasonal surplus is typical for Nepal, where hydropower projects—mostly run-of-river systems—experience peak generation from June to November. With domestic demand nearly matched by production, the country sells excess energy at competitive rates.

As Apple prepares to open its Worldwide Developers Conference (WWDC) 2025 from June 9 to 13, anticipation is mounting for the unveiling of iOS 19. However, insiders reveal that expected advancements in artificial intelligence—especially those involving Siri and the Apple Intelligence platform—will not be taking center stage. Internal disagreements and cultural resistance to AI’s iterative development model have reportedly delayed Apple’s push into the generative AI space.