Jubilant Pharmova Ltd reported a sharp financial turnaround in the fourth quarter ended March 31, 2025, posting a consolidated net profit of Rs. 151.3 crore, reversing a loss of Rs. 61.8 crore from the same period last year. The company’s revenue and profitability saw robust growth both quarterly and annually, reflecting operational efficiency and strategic execution. For the full fiscal year, net profit surged to Rs. 836.3 crore—an exponential rise from Rs. 72.7 crore in FY24. With strong earnings and improved margins, the board has proposed a final dividend of Rs.

Following a robust rally that pushed benchmark indices to seven-month highs, Indian equity markets experienced a moderate correction on Friday, driven primarily by profit-taking in IT stocks and Bharti Airtel. The BSE Sensex fell 200 points, while the NSE Nifty declined by 42 points, as investors locked in gains. Sectoral divergence was notable, with select large-cap stocks retreating even as mid and small-cap indices sustained upward momentum. Global market cues were mixed, with Asian markets mostly subdued and European bourses trading higher.

India’s energy consumption saw a marked uptick in the first half of May, as seasonal travel, rising temperatures, and agricultural activity boosted demand for key fuels. Petrol usage jumped by over 10% year-on-year, while diesel consumption edged up 2% amid rural and transport-sector demand. Although aviation fuel posted modest growth due to regional flight restrictions, cooking gas continued its strong upward trend, powered by government-backed Ujjwala connections.

Shares of India’s defence and aerospace companies extended their strong upward trajectory on Friday, buoyed by continued investor optimism in the wake of heightened military engagement under Operation Sindoor. Leading firms across segments—ranging from drone technology to missile systems—posted significant gains despite broader market weakness. The rally reflects heightened expectations for defence procurement and indigenous manufacturing as geopolitical tensions intensify.

Shares of Bharti Airtel slid nearly 3% on Friday after Singapore Telecommunications Ltd (Singtel) announced the sale of approximately 1.2% of its direct stake in the Indian telecom major. The transaction, valued at SGD 2 billion (around USD 1.5 billion), was part of Singtel’s broader capital management strategy aimed at optimizing its asset portfolio and enhancing shareholder value.

Popular Indian television actress Dipika Kakar, known for her roles in daily soaps and reality TV, has been diagnosed with a liver tumor, her husband Shoaib Ibrahim revealed in a recent video blog. The tumor, reportedly the size of a tennis ball, was discovered following a series of medical consultations and diagnostic tests prompted by persistent abdominal pain. While early assessments suggest the mass may be benign, additional tests are pending to determine the final diagnosis and treatment strategy.

The Bollywood grapevine is abuzz with speculation that Naomika Saran, granddaughter of screen legends Rajesh Khanna and Dimple Kapadia, may soon be stepping into the spotlight. Spotted outside Maddock Films' office and making stylish public appearances alongside her grandmother, the 20-year-old has reignited curiosity about a potential debut in the film industry. Despite her low-key online presence, Naomika has managed to capture the public imagination.

Ukrainian President Volodymyr Zelenskyy has announced he will not personally attend the upcoming peace negotiations with Russia in Istanbul, a summit also absent of Russian President Vladimir Putin and former US President Donald Trump. Ukraine’s delegation will be led by Defence Minister Rustem Umerov alongside senior military and intelligence officials. Zelenskyy criticized Russia’s delegation, accusing Moscow of undermining the process and called for intensified sanctions. Meanwhile, the Kremlin confirmed its delegation will be headed by presidential aide Vladimir Medinsky.

Adani Airport Holdings has formally ended its ground handling agreements with Turkish aviation firm Celebi at the Mumbai and Ahmedabad airports following the revocation of the latter’s security clearance by the Indian government. The termination, announced on Thursday, is aimed at ensuring compliance with national regulations while maintaining uninterrupted airport operations. All ground handling services will now be managed by alternative agencies selected by Adani, with existing Celebi employees absorbed under current employment terms.

IndusInd Bank has come under sharp scrutiny from investors after disclosing an internal audit finding of unsubstantiated balances amounting to Rs. 595 crore in its “other assets” category. Following a whistleblower complaint, the bank’s Internal Audit Department (IAD), under the direction of the Audit Committee, uncovered and subsequently adjusted these balances against corresponding “other liabilities” in January 2025. The revelation sent the bank’s shares tumbling nearly 6% on the BSE. The IAD report also flagged potential accountability issues among senior employees.