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By Vrinda Chaturvedi , 20 May 2025
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ICRA Pegs India’s FY25 GDP Growth at 6.3%, Signals Caution Ahead of Official Data Release

India's gross domestic product (GDP) growth for the fourth quarter of FY2024–25 is projected at 6.9%, according to leading credit rating agency ICRA. While this indicates a modest rebound from Q3’s 6.2% growth, it falls significantly short of the 7.6% expansion implied by the National Statistical Office’s (NSO) full-year forecast of 6.5%. ICRA now expects GDP for FY25 to grow by 6.3%—below the government’s estimate—citing weak private consumption, uneven investment activity, and a divergence in export performance.

Tags

  • Economy
  • GDP
By Amrita Bhatia , 19 May 2025
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Protean eGov Plunges After Losing Bid for PAN 2.0 Contract: Market Reacts to Strategic Setback

Shares of Protean eGov Technologies nosedived 20% on Monday after the company disclosed it had been disqualified from the selection process for the Income Tax Department’s ambitious PAN 2.0 project. The steep decline erased investor confidence, triggering the lower circuit on both the BSE and NSE. While the firm clarified that its existing PAN issuance services remain unaffected, the exclusion from this high-value government digital infrastructure contract raises questions about its future participation in public-sector technology modernization.

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  • IT
  • Stock Markets
By Agamveer Singh , 19 May 2025
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Vodafone Idea Shares Plunge After Supreme Court Rejects AGR Waiver Pleas, Signaling Regulatory Rigour

Vodafone Idea’s stock plummeted nearly 9 percent following the Supreme Court’s dismissal of its plea for waiver of adjusted gross revenue (AGR) dues, a ruling that underscored judicial resolve in upholding regulatory frameworks. The firm’s market capitalization shrank by nearly Rs. 7,000 crore in a single trading session, reflecting investor concern over the financial implications. The court labeled the telecom companies’ petitions as "misconceived," reiterating that government interventions remain beyond judicial obstruction.

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  • Telecom
  • Stock Markets
By Agamveer Singh , 19 May 2025
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Affle 3i Reports Strong Growth, Driven by CPCU Business Model and Industry Dynamics

Affle 3i, a leading technology firm specializing in mobile advertising solutions, has posted impressive financial results for the March quarter, showing a robust growth trajectory. The company reported a 17.8% year-on-year increase in its consolidated net profit, reaching Rs 103 crore, compared to Rs 87.4 crore in the same period last year. This performance highlights Affle’s ability to capitalize on favorable industry trends while driving continued expansion through its innovative business model.

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  • Company Results
  • Technology Sector
By Manbir Sandhu , 19 May 2025
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Revolutionizing Credit Discipline: A Look at the Insolvency and Bankruptcy Code’s Impact

The Insolvency and Bankruptcy Code (IBC) has proven to be a significant catalyst for change in India’s credit and corporate restructuring landscape. With over 30,000 cases settled before admission, involving defaults worth Rs 13.78 lakh crore, the IBC has spurred debtors to take proactive action in distress situations. As of December 2024, the code’s provisions have not only improved credit discipline but have also demonstrated its effectiveness in facilitating recovery for creditors.

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  • Business
  • Banking
By Agamveer Singh , 19 May 2025
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KVN Property and Puravankara Forge Strategic Partnership to Develop Major Housing Project in North Bengaluru

KVN Property Holdings LLP has entered into a joint venture with Puravankara Ltd to develop a major housing project in North Bengaluru, with an estimated revenue potential exceeding Rs 3,300 crore. The collaboration targets a 24.59-acre land parcel, with a projected saleable area of approximately 3.48 million square feet. The project is expected to meet the growing demand for mid-income housing in a high-growth corridor. This article explores the details of the partnership, the projected scale of the development, and the strategic positioning of both firms in India’s real estate market.

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  • Real Estate
By Anant Kumar , 19 May 2025
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GAIL and Karnataka Join Forces to Power a 1 GW Renewable Energy Future

In a strategic move underscoring India's commitment to clean energy, state-owned GAIL (India) Ltd has entered into a memorandum of understanding with the Government of Karnataka to explore the development of renewable energy projects totaling up to 1 gigawatt (GW) over the next five years. The collaboration supports GAIL's broader objective of achieving net-zero carbon emissions by 2035 and aligns with Karnataka’s ambition to position itself as a national leader in sustainable energy.

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  • Energy
  • Business
By Kirti Srinivasan , 19 May 2025
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Birla Corporation Posts Strong Q4 Recovery on Cement Momentum, Charts Strategic Growth for FY26

Birla Corporation, the flagship company of the MP Birla Group, delivered a notable recovery in the fourth quarter of FY25, with a 32.7% jump in consolidated net profit to Rs. 256.6 crore, driven by strong sales volume and improved price realisation in its cement division. This rebound came after three lackluster quarters for the industry, signaling a return to operational strength.

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  • Business
By Keshav Kulshrestha , 19 May 2025
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Bank of India Posts 82% Surge in Q4 Profit on Robust Recoveries and Treasury Gains

Bank of India reported a dramatic 82% year-on-year increase in net profit for the fourth quarter, reaching Rs. 2,626 crore, driven largely by extraordinary gains from treasury operations and recoveries on written-off accounts. Despite muted core income growth due to narrowing net interest margins, the state-owned lender demonstrated strong operational resilience amid a complex macroeconomic environment. The bank remains cautiously optimistic for FY26, forecasting moderate credit and deposit growth while maintaining prudent capital buffers.

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  • Banking
By Amrita Bhatia , 19 May 2025
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India Emerges as a Strategic Growth Engine for Google Cloud’s Global Ambitions

India's evolution into a global digital powerhouse has made it a focal point for Google Cloud’s expansion strategy. With a growing appetite for advanced cloud solutions and a robust builder economy that creates for both domestic and international markets, the country has become one of the company’s fastest-growing markets worldwide. According to Google Cloud's India chief, the firm’s aggressive investments—from local cloud regions to subsea infrastructure—reflect its commitment to scale and innovation.

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  • Technology Sector

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