RITES Ltd, a premier engineering consultancy and a Navratna public sector undertaking, is strategically positioning itself for robust growth in the coming fiscal year through focused international outreach, export order wins, and domestic market diversification. Despite a modest 4.3% year-on-year decline in operating revenue to Rs. 615 crore for the March quarter, the company posted a 3.4% rise in net profit to Rs. 141 crore.

Foxconn’s latest facility near Bengaluru is nearing operational readiness, with commercial iPhone shipments from the region expected to commence as early as June. Situated in the Information Technology Investment Region (ITIR) of Devanahalli, the plant underscores India’s rising prominence in global electronics manufacturing amid shifting geopolitical dynamics. With a reported capital investment of Rs. 21,911 crore and government incentives totaling Rs. 6,970 crore, the project is a major milestone for Karnataka’s industrial ambitions.

Mercedes-Benz India, the country’s leading luxury automobile manufacturer, is set to implement a two-phase price increase across its vehicle lineup, citing adverse currency fluctuations and rising operational costs. The adjustment, which ranges from Rs. 90,000 to Rs. 12.2 lakh depending on the model, will be rolled out in June and September 2025. The decision comes as the Euro has weakened significantly against the Indian rupee, intensifying import-related cost pressures.

In a significant policy shift, India has imposed new port restrictions on specific imports from Bangladesh, including categories such as ready-made garments and processed food products. The move, enacted through a notification by the Directorate General of Foreign Trade (DGFT), appears to be aimed at regulating the flow of certain goods while maintaining strategic transit commitments to neighboring nations. Notably, these restrictions will not apply to Bangladeshi consignments moving through India en route to Nepal or Bhutan.

Veteran actor Paresh Rawal has officially confirmed his withdrawal from Hera Pheri 3, dispelling rumors of creative differences with director Priyadarshan. The announcement has triggered an outpouring of disappointment across social media, with fans demanding the return of his iconic character, Baburao Ganpatrao Apte. The Hera Pheri franchise, long cherished for its unforgettable humor and memorable trio—Akshay Kumar, Suniel Shetty, and Paresh Rawal—now stands at a crossroads.

Qualcomm has introduced the Snapdragon 7 Gen 4 chipset, setting a new benchmark for performance and intelligence in the mid-range smartphone segment. Built on a cutting-edge 4nm architecture, the platform integrates a host of premium features, including robust AI capabilities, enhanced gaming performance, and next-generation connectivity. With support for on-device generative AI, the chipset marks a major leap in real-time image generation, voice interaction, and seamless multitasking.

India’s capital markets regulator, the Securities and Exchange Board of India (Sebi), resolved 4,239 investor grievances in April through its digital redressal system, SCORES. While this reflects a proactive approach to investor protection, the number of fresh complaints exceeded resolutions, with 4,341 new grievances registered during the month. Consequently, pending complaints rose slightly to 4,263 by April-end.

Global consulting and IT services leader Accenture posted a 5% year-over-year increase in revenue for its second fiscal quarter, reaching USD 16.66 billion—positioned at the top end of its guidance. Despite foreign exchange headwinds and a modest dip in new bookings, the company maintained strong client engagement, highlighted by USD 1.4 billion in generative AI-related contracts. Accenture also narrowed its full-year revenue outlook to 5–7% growth in local currency terms.

Borosil Renewables Ltd. has reported a significant reduction in consolidated net losses for the March 2024 quarter, driven by a notable uptick in revenue. The company’s losses narrowed to Rs. 29.52 crore from Rs. 53.32 crore year-over-year, while total income rose to Rs. 385.44 crore. As part of its forward-looking strategy, the board has proposed raising up to Rs. 500 crore, pending shareholder approval. Additionally, Ashok Jain, a longstanding executive, will transition to a non-executive role post-July 2025, in recognition of his continued value to the organization.

Data Patterns (India) Ltd., a leading player in the defence and aerospace electronics sector, posted an impressive 60% year-on-year increase in profit after tax for the January–March 2025 quarter, rising to Rs. 114.08 crore. This performance, backed by a significant revenue spike and a healthy EBITDA, underscores the company’s strategic focus on operational efficiency and consistent execution. For the full fiscal year ending March 31, 2025, net profit rose to Rs. 221.81 crore. The Board has recommended a final dividend of Rs. 7.90 per share.