Crompton Greaves Consumer Electricals Ltd (CGCEL) posted a 28.7% year-on-year increase in consolidated net profit for the March quarter of FY25, reaching Rs. 171.74 crore. This performance was driven primarily by robust growth in its consumer durables segment and a strong contribution from its subsidiary Butterfly Gandhimathi. Revenue from operations rose 5.08% year-on-year to Rs. 2,060.64 crore, even as the lighting products division registered a marginal decline. For the full fiscal year, CGCEL reported a 27.7% jump in net profit to Rs. 564.08 crore.

Kotak Mahindra Asset Management Company (Kotak AMC) has successfully closed the first tranche of its 'Kotak Credit Opportunities Fund', raising Rs. 1,200 crore with the goal of mobilizing an additional Rs. 800 crore within the next quarter. The alternative investment fund (AIF) is strategically designed to capitalize on gaps in India’s existing credit ecosystem, aiming to deliver gross internal rates of return between 14–16%. Backed by ultra-high-net-worth individuals (UHNIs), family offices, and institutions, Kotak AMC is also committing Rs. 300 crore of its own capital.

In a strategic move reflecting confidence in India’s burgeoning elder care segment, Neo Asset Management has invested USD 20 million (approximately Rs. 170 crore) in Nobel Hygiene, a leading manufacturer of adult diapers. The investment, a mix of primary and secondary capital, aims to accelerate the company’s expansion in distribution and strengthen its flagship brand, Friends. As Nobel Hygiene prepares for an anticipated public offering, the partnership with Neo underscores the growing relevance of senior wellness products and the evolution of consumer health sectors in India.

In a significant step toward digital innovation in the Nordic banking sector, Indian IT giant Infosys has broadened its strategic collaboration with Norway’s largest financial institution, DNB Bank ASA. The expanded alliance aims to accelerate DNB’s IT transformation by modernizing core banking systems, enhancing technological resilience, and delivering personalized customer services. Leveraging the Infosys Finacle platform and advanced technologies such as AI and machine learning, Infosys will support DNB in optimizing operations and minimizing systemic disruptions.

Indian actress Urvashi Rautela once again captured the spotlight at the prestigious Cannes Film Festival, making a grand appearance at the 78th edition’s opening ceremony. Her extravagant fashion choice and elaborate makeup made her one of the most visually arresting personalities at the event. However, the glamour was accompanied by controversy, as a widely circulated video showed the actress being courteously escorted off the red carpet by event ushers.

Cochin Shipyard Ltd, one of India’s premier public sector shipbuilders, reported a consolidated net profit of Rs 287.18 crore for the fourth quarter of FY25, marking a 10.93% year-on-year increase. The profit surge was driven by significant growth in total income, which rose to Rs 1,914.79 crore for the quarter. Despite a corresponding rise in expenses, the company maintained solid bottom-line momentum. For the full fiscal year, profit climbed to Rs 827.33 crore.

Siemens Limited, a key player in industrial and infrastructure solutions, reported a sharp 37% year-on-year decline in net profit for the March quarter, falling to Rs. 408 crore. The drop was primarily attributed to elevated material costs and under-absorption of fixed expenses within its Digital Industries division. Despite profit challenges, revenue remained steady and the company recorded a substantial 44% surge in new orders, underscoring robust demand in Mobility and Smart Infrastructure.

Chemco Group, in collaboration with Kandoi Group of Industries, has announced a strategic Rs 450 crore investment to establish two state-of-the-art plastic packaging plants in Gujarat’s industrial hubs of Vapi and Dahej. These facilities will feature an integrated closed-loop system for recycling PET bottles into high-quality industrial packaging, emphasizing sustainability, traceability, and environmental stewardship.

In a decisive step against escalating digital fraud, Bharti Airtel has introduced an AI-driven fraud detection solution designed to identify and block malicious websites across all major Over-The-Top (OTT) communication platforms, including WhatsApp, Telegram, Facebook, Instagram, and email. Initially launched in Haryana, the service will soon be available nationwide at no extra cost to Airtel mobile and broadband users.

India is poised to lead global oil demand growth among major economies in 2025 and 2026, with consumption rising at rates more than double that of China, according to OPEC’s latest outlook. Forecasts project India’s daily oil demand increasing from 5.55 million barrels in 2024 to 5.99 million barrels by 2026, supported by rapid economic expansion, infrastructure development, and rising transport fuel needs. While the U.S. remains the largest consumer, India’s surging demand highlights its expanding energy requirements amid heavy import reliance.