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By Kirti Srinivasan , 26 April 2025
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SBI Card Faces Profit Slide Despite Revenue Growth Amid Rising Defaults

SBI Cards and Payment Services Ltd, India’s second-largest credit card issuer, reported a 19% decline in net profit for the March quarter of FY25, registering Rs. 534 crore as elevated defaults weighed on earnings. While overall income rose to Rs. 4,832 crore during the period, the spike in non-performing assets led to a significant increase in impairment losses. For the full fiscal year, the company's net profit dropped by 20%, despite growth in interest income and an expanding balance sheet.

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  • Banking
By Manbir Sandhu , 26 April 2025
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India Targets Logistics Reform to Boost Investment and Ease of Doing Business

India is accelerating its logistics sector reform to streamline regulations, attract investment, and enhance overall efficiency, according to senior government officials. Speaking at a recent industry forum, officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Warehousing Development and Regulatory Authority (WDRA) emphasized the government’s ongoing efforts to reduce bureaucratic hurdles and increase private sector access to PM Gati Shakti data.

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  • Logistics
  • Business
By Gurminder Mangat , 26 April 2025
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Black Box Delivers Record-Breaking Order Wins in Q4 FY25, Signaling Strategic Breakthrough

Black Box, the IT arm of the Essar Group, has posted its strongest quarterly performance to date, securing order wins worth Rs. 1,550 crore in Q4 FY25—a more than twofold increase compared to the preceding quarter. This milestone underscores the company’s successful transformation strategy and growing foothold in global digital infrastructure markets. Major deals span healthcare, hyperscale data centers, transportation, education, and telecom across geographies including the United States, Asia-Pacific, and India.

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  • IT
By Gurminder Mangat , 26 April 2025
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Indian Energy Exchange Powers Ahead with Record-Breaking Volumes and Robust Profit Growth in FY25

Indian Energy Exchange (IEX) has posted a strong performance for the fourth quarter and full fiscal year 2024–25, driven by record trading volumes in both electricity and renewable energy certificates (RECs). The company reported a consolidated net profit of Rs. 117.11 crore in Q4 FY25—a 21.2% increase year-over-year—on the back of a 17% rise in total income. For the fiscal year, net profit surged to Rs. 429.16 crore.

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  • Energy
By Vinod Pathak , 26 April 2025
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TCS Unveils India-Centric Tech Suite to Power Data Sovereignty and AI-First Growth

Tata Consultancy Services (TCS), India’s largest IT services provider, has introduced a suite of innovative, India-focused digital solutions aimed at bolstering the country’s data sovereignty and accelerating its adoption of artificial intelligence. The marquee announcement includes the launch of TCS SovereignSecure Cloud, an indigenous cloud platform tailored for government and public sector institutions. Complementing it are TCS DigiBOLT, a low-code AI development platform, and the company’s globally recognized Cyber Defense Suite.

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  • IT
  • Business
By Shilpa Reddy , 26 April 2025
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Tech Mahindra’s Strong FY25 Finish Signals a Strategic Turnaround Amidst Industry Shifts

Tech Mahindra has concluded the fiscal year 2025 with robust financial results, showcasing a transformative phase in its operational and strategic direction. The IT giant posted an impressive 76.5% year-over-year jump in consolidated net profit for the March quarter, buoyed by new deal wins and improved operating margins. Revenue grew modestly, but notable growth across verticals such as retail and logistics signals sectoral diversification.

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  • IT
  • Business
By Gurminder Mangat , 26 April 2025
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Axis Bank Navigates Economic Headwinds with Stable Earnings and Improved Asset Quality in FY25

Axis Bank, India’s third-largest private lender, reported a slight dip in net profit for the fourth quarter of FY25, even as it maintained steady income growth and significantly improved its asset quality. For the full fiscal year, the bank delivered a robust net profit of Rs. 26,373 crore—an increase over the previous year—despite operating in a challenging macroeconomic and liquidity environment. This article delves into the bank’s financial performance, risk profile, and strategic positioning as it prepares for an optimistic FY26 outlook amid improving economic fundamentals.

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  • Banking
By Kirti Srinivasan , 26 April 2025
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SBI Life Insurance Maintains Profit Stability Amid Revenue Headwinds and Strategic Shifts

SBI Life Insurance, one of India's premier life insurers, posted a marginal increase in quarterly profit for Q4 FY25, even as overall income and premium collections saw a decline. The company’s net profit rose slightly to Rs. 813.5 crore, reflecting operational stability despite muted revenue growth. For the full fiscal year 2024–25, SBI Life recorded a 27% rise in annual net profit, driven by disciplined cost management, expansion in the value of new business, and an increase in assets under management.

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  • Insurance
  • Business
By Gurminder Mangat , 26 April 2025
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Rebuilding Trust & Real Estate: Jaypee Infratech’s Rs. 6,000 Crore Revival Under Suraksha Group

Jaypee Infratech Ltd (JIL), once a symbol of India’s struggling real estate sector, is undergoing a significant revival under the leadership of Suraksha Group. Following a long-drawn insolvency resolution, the Mumbai-based conglomerate has committed nearly Rs. 6,000 crore to complete over 20,000 long-delayed housing units within the next three years. With tangible progress on the ground, renewed RERA approvals, and improving financial stability, JIL aims to restore both infrastructure and consumer trust.

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  • Real Estate
By Vinod Pathak , 26 April 2025
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ACC Ltd Navigates Profit Dip Amid Record Revenues and Strong Cement Demand

Despite a noticeable year-over-year decline in net profit for Q4 FY25, ACC Ltd, a leading player in India's cement industry and a key component of the Adani Cement portfolio, reported its highest-ever quarterly revenue—signaling underlying business strength. The company’s operational momentum, backed by record-breaking sales volumes and strategic capacity expansions, has offset near-term profitability pressures.

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  • Cement Sector
  • Business

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