Microsoft is laying off approximately 7,000 employees, or 3% of its global workforce, as part of a strategic move to streamline operations and reduce costs. This decision marks the company's largest round of layoffs since 2023 and follows similar efforts by rival tech firms like Google to reallocate resources towards artificial intelligence (AI) development. The layoffs, spanning various levels and geographies, are intended to reduce management layers and refocus on AI, which is seen as a key driver of future growth.

Max Financial Services has reported a net profit of Rs 38.28 crore for the fourth quarter ended March 31, 2025, a significant turnaround from the net loss of Rs 50.08 crore during the same period in the previous year. However, the company’s total income for the quarter saw a decline, falling to Rs 12,396 crore from Rs 14,897 crore in Q4 FY24. For the full fiscal year, Max Financial posted a modest growth in net profit, marking a 2.81% increase compared to FY24. Despite these gains, the company's shares saw a slight dip on the Bombay Stock Exchange.

Finance Minister Nirmala Sitharaman recently conducted a review of India’s financial inclusion initiatives, aiming to enhance their reach and customer experience. The review covered several prominent schemes, including the Jan Dhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and PM Vishwakarma. Sitharaman emphasized the need to expand these initiatives to cover more citizens and improve the banking experience for the masses, with an eye on further strengthening the country’s financial ecosystem.

Manali Petrochemicals Ltd (MPL), a subsidiary of AM International, Singapore, posted a consolidated profit after tax of Rs. 10.81 crore for Q4 FY25, marking a significant rise from Rs. 5.27 crore in the same period last year. For the full fiscal year, MPL’s net profit reached Rs. 29.31 crore, buoyed by improved cost controls, efficiency measures, and product diversification. Total consolidated income for the year stood at Rs. 921.63 crore.

SpiceJet is set to resume its Haj flight operations from Srinagar starting May 14, 2025, following the recent reopening of airports in Jammu and Kashmir. The airline will operate two services to Medina, utilizing wide-body Airbus A340 aircraft. With plans to facilitate the travel of approximately 15,500 Haj pilgrims, SpiceJet’s move is part of its broader strategy to enhance its footprint in regional and international travel. The airline has also resumed scheduled operations to Srinagar, further stabilizing its network after the disruptions caused by geopolitical tensions.

Tata Steel is embarking on a capital expenditure program of Rs. 15,000 crore for FY2025-26, signaling a bold commitment to both capacity expansion and sustainable steelmaking. The lion’s share of this investment—approximately 80 percent—is allocated for domestic operations, with the rest directed toward strategic projects in the United Kingdom and the Netherlands.

Bollywood megastar Aamir Khan is making headlines not only for his much-anticipated film Sitaare Zameen Par but also for his potential future collaboration with acclaimed director Rajkumar Hirani. The two are in advanced talks for a slice-of-life film, expected to begin production in 2026. This film will mark their third collaboration, following the immense success of 3 Idiots (2009) and PK (2014).

GlaxoSmithKline Pharmaceuticals (GSK India) reported a robust financial performance for the March quarter, with a 36% increase in consolidated net profit to Rs. 263 crore, compared to Rs. 194 crore in the previous year. The company’s revenue from operations also rose to Rs. 974 crore in Q4, up from Rs. 930 crore last year. For the fiscal year ending March 31, 2025, GSK’s net profit soared to Rs. 927 crore, reflecting a significant jump from Rs. 590 crore in FY24.

India’s leading natural gas utility, GAIL (India) Ltd., is actively pursuing equity participation in U.S.-based liquefied natural gas (LNG) projects to secure long-term supply contracts. The state-run company has attracted five proposals for a potential 26% stake in a U.S. liquefaction facility, bundled with a 15-year LNG supply deal. This strategic move comes as India seeks to bridge its widening energy demand-supply gap amid rising gas consumption and limited domestic output.

In a recent regulatory development, Groww Invest Tech—formerly known as Nextbillion Technology—has settled an adjudication case with the Securities and Exchange Board of India (SEBI) by paying Rs. 34.12 lakh. The settlement stems from a technical glitch that occurred on January 23, 2024, which led to a temporary disruption in client services. SEBI’s investigation revealed lapses in system monitoring, client communication protocols, and cybersecurity practices.