Garware Technical Fibres, a key player in the technical textiles industry, reported a modest year-on-year increase of 1.4% in consolidated profit after tax (PAT), reaching Rs. 71.05 crore for the fourth quarter of FY25. Despite the relatively flat profit growth, the company achieved a healthy 13% increase in revenue, driven primarily by its robust geosynthetics segment and expanding aquaculture business in Chile. While profit before tax (PBT) faced headwinds due to reduced other income, operating EBITDA improved by 17% year-over-year.

In the wake of Turkiye's vocal support for Pakistan during the recent Operation Sindoor conflict, jewellers in Lucknow have imposed a self-declared boycott on all Turkish-origin jewellery. Once a popular commodity—particularly during the recent Akshay Tritiya festival—Turkish jewellery has now been pulled from shelves as a form of economic protest. This local commercial response reflects a broader national sentiment, as diplomatic tensions between India and Turkiye escalate.

Rajesh Power Services, a consultancy and EPC firm based in Ahmedabad, has reported a significant surge in profitability for the fiscal year 2024–25, with net profit more than tripling to Rs. 93.36 crore from Rs. 26.02 crore in the previous year. The company also recorded a substantial jump in total income to Rs. 1,114.66 crore, underscoring its growing footprint in the power transmission and infrastructure sectors. Backed by fresh orders worth Rs.

Bharat Heavy Electricals Ltd (BHEL), India’s largest state-owned engineering and manufacturing enterprise, recorded a 3% increase in consolidated net profit for the fourth quarter ended March 31, 2025. The rise to Rs. 504.45 crore was primarily driven by significant gains in its industrial segment, offsetting muted growth in its core power division. Quarterly revenue rose to Rs. 9,142.64 crore from Rs. 8,416.84 crore a year earlier. For the full fiscal year, BHEL’s net profit nearly doubled to Rs. 533.90 crore.

Prime Minister Narendra Modi is set to preside over the forthcoming Governing Council meeting of NITI Aayog on May 24, signaling renewed momentum for India’s top policy think tank. The annual gathering, which brings together chief ministers, Union ministers, and lieutenant governors, is a crucial platform for intergovernmental coordination and strategic policy formulation. While the agenda is still being finalized, the meeting is expected to address pressing national priorities, including economic growth, federal cooperation, and development planning.

India's Commerce and Industry Minister Piyush Goyal has indicated openness to extending the compliance timeline for a sweeping Quality Control Order (QCO) concerning electrical appliances, following significant concerns raised by domestic manufacturers. The industry has welcomed the quality mandate but seeks a phased implementation due to the challenges of certification, testing infrastructure, and complex global supply chains.

Borosil Renewables has greenlit an ambitious expansion plan worth Rs. 950 crore to enhance its solar glass production capacity by 600 tonnes per day (TPD). The move comes in the wake of supportive government policy, particularly the imposition of anti-dumping duties on Chinese and Vietnamese imports, which is expected to strengthen the domestic solar manufacturing ecosystem. The investment will see the commissioning of two new furnaces at the company’s Bharuch facility, reinforcing Borosil’s strategic positioning as a key enabler of India’s clean energy transition.

Hyundai Motor India reported a modest 4% decline in consolidated profit after tax (PAT) for the fourth quarter of FY25, weighed down by softer domestic sales despite higher exports and a marginal rise in total revenue. The automaker posted Rs. 1,614 crore in quarterly net profit, compared to Rs. 1,677 crore in the same period last year. For the full fiscal year, net profit fell 7%, while revenue remained relatively stable. As the company navigates demand headwinds, it is turning to a Rs.

Moody’s Ratings has downgraded the United States’ long-standing Aaa credit rating to Aa1, marking a historic shift in how global markets may perceive the fiscal reliability of the world’s largest economy. The downgrade, attributed to rising federal debt and persistent fiscal deficits, drew immediate political backlash, particularly from former President Donald Trump's camp. White House representatives questioned the credibility and motives behind the move, fueling a broader debate over the intersection of economic analysis and political influence.

The Goods and Services Tax Network (GSTN) has deferred the planned locking of Table 3.2 in Form GSTR-3B, a move that would have restricted the ability of taxpayers to edit pre-filled data on inter-state supplies to unregistered persons and composition dealers. Originally scheduled to take effect from the April 2025 tax cycle, the change has been delayed following strong feedback from businesses. This decision offers critical relief for sectors heavily reliant on business-to-consumer (B2C) transactions.