Eternal Ltd, formerly known as Zomato, moved swiftly on Thursday to quash speculation surrounding the departure of Rakesh Ranjan, CEO of its food delivery segment. In a regulatory filing, the company clarified that Ranjan remains an active member of its leadership team, emphasizing that internal reshuffling is a routine practice aimed at improving operational efficiency.

Adani Energy Solutions Ltd (AESL) concluded the March 2025 quarter with an impressive 87% year-on-year rise in consolidated net profit, reaching Rs. 713.66 crore, driven by robust revenue growth. The company’s total income for the quarter stood at Rs. 6,596.39 crore, significantly higher than the Rs. 4,855.18 crore recorded a year ago. Despite a strong finish to the fiscal year, AESL reported a full-year net profit of Rs. 921 crore—down from Rs. 1,195.61 crore in FY24—primarily due to cost escalations.

India’s corporate sector demonstrated a mixed financial performance in the March 2025 quarter, with overall revenue growth stagnating at 5–6%, while profitability widened due to sector-specific tailwinds and operational efficiencies. According to a detailed assessment by Crisil Ratings, EBITDA margins improved by up to 60 basis points, led by gains in telecom, pharmaceuticals, and consumer discretionary sectors. Meanwhile, staple-driven FMCG, IT services, and auto sectors experienced margin compression.

Axiscades Technologies Ltd., a prominent Indian engineering and technology solutions provider, has appointed Anurag Sharma as the CEO of its German subsidiary, add-solution GmbH. This strategic leadership change is aimed at bolstering the company’s footprint in Europe, particularly in the aerospace, automotive, and industrial sectors. Sharma, a seasoned executive with a career spanning over three decades, brings expertise from global technology leaders like Siemens, Ansys, and Altair.

Waaree Technologies, a key player in India's renewable energy and instrumentation sector, reported a marked improvement in its financial performance for the March 2025 quarter, narrowing its net loss to Rs. 3.03 crore from Rs. 5.50 crore a year earlier. Despite a sharp decline in revenue, the company significantly reduced its expenditure, underscoring its commitment to cost optimization and operational efficiency. In a move signaling strategic continuity, the board reappointed Kirit Chimanlal Doshi as Chairman and Managing Director for another three-year term.

In a decisive move to elevate transparency and accountability in India’s rapidly growing environmental, social, and governance (ESG) ecosystem, the Securities and Exchange Board of India (SEBI) has revised its regulatory framework governing ESG Rating Providers (ERPs). Targeting the increasingly prevalent subscriber-pays model, SEBI now mandates that ESG rating reports be shared concurrently with both subscribers and rated entities. The reforms aim to eliminate information asymmetries, ensure fair representation of issuer viewpoints, and mitigate potential conflicts of interest.

Refex Industries Ltd., a prominent player in India’s renewable energy and wind solutions sector, posted an impressive 43.60% year-on-year rise in consolidated net profit for the quarter ended March 31, 2025. Profit stood at Rs. 47.92 crore, compared to Rs. 33.37 crore in the same period last year. The company also reported a robust 83.80% surge in total income, reaching Rs. 643.88 crore. Backed by its diversified business strategy and expansion into wind energy, the firm closed FY25 with a 70.34% increase in annual profit.

In a strategic move poised to enhance its global trajectory, InterGlobe Aviation Ltd., the parent company of India’s leading airline IndiGo, has announced the appointment of Michael Whitaker—a seasoned aviation leader and former head of the U.S. Federal Aviation Administration (FAA)—as an Independent Director on its board. The appointment, pending shareholder and regulatory approvals, coincides with the departure of Venkataramani Sumantran, who will step down as Independent Director and Chairperson upon completion of his term on May 27.

GreenLine Mobility Solutions, a pioneering venture under the Essar Group, has partnered with global tire reinforcement leader Bekaert to initiate a transformative shift in India’s road logistics sector. The collaboration aims to significantly reduce carbon emissions by deploying liquefied natural gas (LNG)-powered trucks at Bekaert’s Ranjangaon plant in Maharashtra. With each vehicle capable of cutting up to 24 tonnes of CO₂ emissions annually, this initiative supports India’s broader ambition of establishing a gas-based economy.

NTPC Green Energy Ltd (NGEL), the renewable energy arm of NTPC, is set to consider a proposal to raise up to Rs 5,000 crore by issuing bonds in one or more tranches during the fiscal year 2025-26. The proposal will be discussed at the board meeting scheduled for April 29, 2025. The funds raised will further fuel the company’s green energy initiatives, marking a significant step in NTPC’s transition to cleaner energy sources. This strategic move reflects the growing push for sustainable energy solutions in India and NTPC's commitment to leading the charge in green energy investments.