Minda Corporation Ltd. has announced a reduction in its stake in Furukawa Minda Electric Pvt Ltd, a joint venture with Japan’s Furukawa Electric Group. Following a share subscription agreement with Furukawa Electric Company Ltd (FEC) and Furukawa Automotive Systems Inc., Minda’s holding in the venture will drop from 25% to 17.54%. This restructuring, which will see FEC’s stake increase to 82.46%, is part of a strategic shift that further solidifies Furukawa Electric’s dominant position in the venture.

Minda Corporation’s Stake Reduction in Furukawa Minda Electric

Rupesh Jain, the founder of Candere, has ventured into the lab-grown diamond jewellery industry with the launch of 'Lucira', a brand aimed at revolutionizing modern luxury. With a strong focus on the bridal segment, Lucira offers solitaires, engagement rings, and eternity bands, among other designs. The brand plans to expand both nationally and internationally, with flagship stores slated for major Indian cities. Jain envisions Lucira becoming a leading name in the global lab-grown diamond market, capitalizing on India's growing influence in the sector.

Global cybersecurity leader Kaspersky has reported impressive double-digit growth in India for 2024, underscoring the country’s strategic importance within the company’s Asia-Pacific (APAC) expansion plans. As Kaspersky celebrates 25 years of operations in the region, it continues to bolster its presence through enhanced support, an expanded workforce, and cutting-edge technological solutions. The company’s success is attributed to a robust partnership network and an increased focus on artificial intelligence (AI) and machine learning.

In a remarkable display of coordination and compassion, Surat Airport remained operational an extra hour on Wednesday night to facilitate the arrival of a delayed Air India Express flight carrying the mortal remains of a terror attack victim. The flight, originally scheduled to depart earlier, was intentionally delayed to accommodate the transfer of the remains and ensure the timely arrival of the deceased’s family.

Hindustan Zinc Ltd (HZL), a subsidiary of the Vedanta Group, is spotlighting the significant role of galvanisation in mitigating the severe economic impact of corrosion, which costs India nearly 5% of its annual GDP. The company has launched the 'ZungKeKhilaafZinc' campaign to raise awareness about the far-reaching consequences of corrosion, which leads to billions in preventable losses.

Databricks, a prominent U.S.-based data and artificial intelligence (AI) company, has unveiled plans to invest over Rs 2,134 crore (USD 250 million) in India over the next three years. The investment will focus on advancing research and development (R&D), training initiatives, and expanding its workforce, with the aim of bolstering innovation in data and AI. This announcement reflects Databricks’ commitment to India as a key growth market, with a focus on enhancing the capabilities of local talent and fostering collaborations with leading Indian companies across multiple sectors.

In a significant move to bolster its 4G and 5G services, telecom giant Vodafone Idea (Vi) has entered into a strategic partnership with Cisco, aimed at enhancing its network infrastructure. This collaboration, part of Vi’s broader Rs 30,000 crore investment plan in network expansion, will see the deployment of Cisco’s Multiprotocol Label Switching (MPLS)-based transport network. Although the financial terms of the deal were not disclosed, this partnership signifies a key step in Vodafone Idea’s efforts to stay competitive in the rapidly evolving telecommunications market.

ACC Ltd, a key player in the Indian cement industry, reported a 20.4% year-on-year decline in net profit for the March quarter, falling to Rs 751.04 crore. Despite this, the company's revenue from operations grew by 12.7% to Rs 5,207.3 crore. The cement maker, now part of Adani Cement, achieved a record-high sales volume of 11.9 million tonnes, reflecting strong demand in the housing and infrastructure sectors. For the full fiscal year, ACC posted a modest profit increase of 2.87%.

Laurus Labs, the Hyderabad-based pharmaceutical company, has reported impressive financial results for the fourth quarter of FY25, with net profit soaring three-fold to Rs 234 crore. This marks a significant increase from Rs 76 crore in the same quarter of the previous fiscal year. The company's revenue also saw a rise, reaching Rs 1,720 crore compared to Rs 1,440 crore in FY24. For the entire fiscal year, Laurus Labs reported a profit of Rs 358 crore, up from Rs 161 crore in FY24.

ICICI Securities has reiterated a REDUCE rating on Tech Mahindra, setting a target price of Rs 1,250 amid persistent macroeconomic uncertainty and sector-specific headwinds. Although early signs of turnaround strategies are visible, the company's muted revenue performance and challenging outlook in key verticals like Communications and Manufacturing limit near-term upside potential.