Oberoi Realty, one of India's premier real estate developers, reported a significant 45% drop in its consolidated net profit for the March quarter of FY25. The company’s net profit for the period fell to Rs 433.17 crore, down from Rs 788.03 crore in the corresponding quarter of the previous year. This decline was primarily attributed to a reduction in overall income. However, despite this setback, the company posted an increase in its full-year financial performance, reflecting resilience in a challenging market environment.

As part of its ongoing efforts to meet the evolving needs of its Indian customer base, Singapore Airlines is set to launch a revamped dining experience for its premium passengers. Starting May 1, 2025, the airline will introduce upgraded versions of its Shahi Thali and Ruchi Thali meals, designed in collaboration with renowned chef Sanjeev Kapoor. These new menu options will be available on flights between India and Singapore, showcasing the airline's commitment to offering a unique and culturally rich dining experience for its passengers.

In a bid to streamline the availability of frequently used currency denominations, the Reserve Bank of India (RBI) has issued new directives for banks and White Label ATM Operators (WLAOs). The central bank's latest move requires ATMs to dispense Rs 100 and Rs 200 denomination notes, improving public access to these commonly used notes. Banks have been instructed to implement this change gradually, with the target set for full compliance by March 2026. This policy is aimed at addressing currency distribution challenges and ensuring smoother financial transactions for the general public.

The India Electronics and Semiconductor Association (IESA), a key industry body representing the Electronics System Design and Manufacturing (ESDM) sector in India, has appointed Ruchir Dixit as its Chairperson for the fiscal year 2025-26. This announcement reflects the ongoing transformation within India’s rapidly evolving semiconductor and electronics sectors, as the country continues to make significant strides in electronics manufacturing and design.

In the financial year 2024-25, Aadhaar's utility and adoption reached new heights, with over 2,707 crore authentication transactions conducted, including a record-breaking 247 crore transactions in March alone. These figures underscore the growing reliance on India’s 12-digit unique identifier system, which has become integral to the delivery of government services and private sector offerings. The increasing use of advanced technologies such as AI-driven face authentication highlights the system's evolving role in streamlining processes and improving accessibility.

Greenply Industries Ltd, a key player in India’s plywood and MDF (Medium Density Fiberboard) industry, has reported a sharp 41.45% decline in its consolidated net profit for the March quarter, citing challenging market conditions. Despite the profit slump, the company’s revenue for the quarter showed positive growth, reflecting its resilience in a competitive market. As Greenply continues to expand its market share and improve its operational margins, it remains optimistic about future prospects, particularly in the MDF sector.

Jharkhand’s Chief Minister, Hemant Soren, is making significant strides in attracting international investment to the state, particularly in sectors like construction, urban development, and technology. During his official visit to Sweden and Spain, Soren engaged in high-level meetings with leading global companies to discuss potential partnerships and innovations in these domains. His efforts reflect Jharkhand’s desire to integrate best global practices into its future development initiatives.

In light of ongoing market volatility and shifting investor sentiment, LG Electronics has postponed the initial public offering (IPO) of its Indian subsidiary, LG Electronics India Ltd (LGEIL). Originally slated for the second week of May, the company has now decided to delay the offering for at least one quarter. Industry insiders suggest that further delays may occur if market conditions do not improve by August.

In a bid to revolutionize India's agricultural practices, Union Agriculture Minister Shivraj Singh Chouhan has called for a more robust role for the country's 731 Krishi Vigyan Kendras (KVKs), which are the cornerstone of agricultural research and extension services. During a virtual dialogue, the minister emphasized the need for a six-point agricultural strategy aimed at boosting production, lowering costs, ensuring fair crop prices, and promoting sustainable farming practices.

Market regulator Securities and Exchange Board of India (Sebi) has taken swift action against stock broker Patel Wealth Advisors (PWAPL), prohibiting the firm from trading in securities using its proprietary account. The ban comes after Sebi found evidence of the broker’s involvement in the manipulative trading practice known as "spoofing," which resulted in unlawful gains of approximately Rs 3.22 crore. Additionally, four directors from the firm have been restrained from any securities dealings, and Sebi has launched a comprehensive investigation into the matter.