In a landmark move aimed at bolstering India’s artificial intelligence ecosystem, Lightspeed-backed startup Sarvam AI has been selected by the central government to spearhead the development of the country’s first sovereign generative AI platform. The initiative, announced by Union Minister Ashwini Vaishnaw, marks a significant milestone in India’s ambition to compete with global AI giants.

IRM Energy Ltd has entered into a tripartite agreement with IAV Biogas Pvt Ltd and GAIL (India) Ltd to integrate compressed bio-gas (CBG) into its city gas distribution (CGD) network in Tamil Nadu's Namakkal and Tiruchirappalli districts. Signed under the Ministry of Petroleum and Natural Gas's CBG-CGD Synchronisation Scheme, this initiative marks a pivotal step toward accelerating India's clean energy transition.

Aurum PropTech Ltd, a rising force in India’s property technology sector, reported a reduced consolidated net loss of Rs. 33.37 crore for the financial year ending March 2025, reflecting improved operational performance despite mounting expenses. Total income climbed to Rs. 284.98 crore, supported primarily by its rental management business, which contributed 60% of revenues. While total expenses continued to rise, the company demonstrated progress toward narrowing its deficit.

Cholamandalam Investment and Finance Company Ltd, the financial services arm of the Murugappa Group, has posted strong financial results for the quarter and full fiscal year ending March 31, 2025. Driven by broad-based growth in disbursements and disciplined credit management, the company’s profit after tax surged to Rs. 4,262.70 crore for the year, marking a 25% rise over the previous year. Total disbursements breached the Rs. 1 lakh crore milestone, while assets under management (AUM) expanded by 30% year-on-year.

Chennai Petroleum Corporation Ltd (CPCL), a subsidiary of Indian Oil Corporation, reported a substantial drop in net profit for the fourth quarter and full fiscal year 2024–25, driven by deteriorating refining margins and reduced crude processing volumes. The company’s Q4 net profit fell 25% year-on-year to Rs. 469.93 crore, while annual profits collapsed by over 93% to Rs. 173.53 crore. Operational revenue remained largely stagnant, but earnings were sharply impacted by the halving of gross refining margins.

Shanthi Gears Ltd, a key player in India’s industrial gear manufacturing sector and a Murugappa Group subsidiary, has released its financial results for the quarter and full fiscal year ending March 31, 2025. The company reported a slight year-on-year dip in Q4 profits, but annual figures indicate robust growth in both profit and revenue. Strategic focus on capital efficiency, cash flow, and sustained order intake has enabled the company to maintain stability amid a complex macroeconomic backdrop.

The Pension Fund Regulatory and Development Authority (PFRDA) recently held a strategy review and felicitation event to recognize outstanding contributions by banks and financial institutions to the growth of the Atal Pension Yojana (APY). In FY 2024-25, the scheme saw an 18% increase in new enrollments, with over 1.17 crore new subscribers, pushing total coverage to 7.61 crore. The event highlighted the significant role played by public sector and regional rural banks, particularly from the South Zone, in expanding the scheme, which offers guaranteed pensions to millions of Indians.

Union Minister Chirag Paswan recently highlighted the vast potential of India's food processing sector, stressing its pivotal role in establishing India as a global food hub. He emphasized the importance of innovation, skill development, and youth empowerment in driving the sector's growth. Through initiatives such as SUFALAM 2025, the Ministry of Food Processing Industries is committed to enhancing food production, reducing wastage, and fostering collaboration between startups and stakeholders.

Maruti Suzuki, India’s leading automaker, is facing muted growth in the domestic passenger vehicle segment, particularly in the small car market, despite recent income tax relief measures. Chairman R.C. Bhargava highlighted affordability challenges as the primary factor behind the decline, pointing out that only 12% of Indian households earn above Rs. 12 lakh annually—limiting demand for cars priced Rs. 10 lakh and above.

Gold prices experienced a notable decline on Monday, with futures contracts falling by Rs 391 to Rs 94,601 per 10 grams, as a result of subdued demand in the domestic market. The decline in gold prices was mirrored in global markets, where futures for the precious metal dropped nearly 1% to USD 3,286.89 per ounce. Analysts suggest that weak global cues and the muted demand in the spot market have contributed to this downward movement in prices.