On April 17, 2025, Labour Minister Mansukh Mandaviya will inaugurate a newly upgraded 220-bed Employees' State Insurance Corporation (ESIC) hospital in Ranchi, Jharkhand. This facility is set to significantly enhance healthcare delivery under the Employees' State Insurance (ESI) Scheme. The upgraded hospital will provide speciality and super-speciality treatments, benefiting over 5 lakh insured workers and their families in the region. The inauguration also highlights the establishment of an ESI medical college with 50 MBBS seats.

The Reserve Bank of India (RBI) has initiated a new survey aimed at assessing the business conditions of selected companies in the services and infrastructure sectors for the first quarter of fiscal year 2025-26. The survey will capture data on key indicators such as demand, financial stability, employment, and pricing. It is part of the 44th round of the Quarterly Services and Infrastructure Outlook Survey and the 110th round of the Quarterly Industrial Outlook Survey.

Shares of the Indian Renewable Energy Development Agency Ltd (IREDA) surged nearly 6% on Wednesday after the state-owned company reported a significant 49% increase in standalone profit after tax (PAT) for the quarter ending March 2025. The company’s strong financial performance, with a 37% year-on-year rise in revenue, has bolstered investor confidence. For the fiscal year 2025, IREDA posted a record PAT of Rs. 1,699 crore, reflecting a 36% increase compared to FY24.

Ultraviolette, a leading Indian manufacturer of premium electric motorcycles, has announced a strategic partnership with the Netherlands-based MotoMondo for the official import and distribution of its vehicles in the UK and Benelux region (Belgium, Netherlands, Luxembourg). This collaboration marks a pivotal step in Ultraviolette’s global expansion, with the company preparing to launch its F77 MACH 2 RECON model at competitive prices in these European markets.

In a move set to impact the city gas distribution sector, the Indian government has announced a reduction in the supply of lower-cost APM (Administered Price Mechanism) gas to key distributors such as Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL), and Adani Total Gas Ltd. The supply cut, up to 20%, will be replaced with more expensive gas, further inflating operational costs. The companies warn that this shift may affect their profitability, with potential price hikes in compressed natural gas (CNG) and piped natural gas (PNG) for consumers.

In its annual advertising safety report, Google revealed significant efforts to combat advertising fraud and policy abuse in 2024. In India alone, the company suspended nearly 2.9 million advertiser accounts and removed over 247 million ads for policy violations. On a global scale, Google suspended over 39 million accounts and removed 5.1 billion ads. The company’s introduction of advanced AI-driven tools and large language models (LLMs) helped streamline investigations and enhance its defenses against new fraud tactics, including AI-generated impersonation ads.

ArcelorMittal Nippon Steel (AMNS) India, one of the largest players in the domestic steel industry, has raised concerns over the US administration’s decision to impose 25% tariffs on India’s steel and aluminium exports. The company warns that the move could disrupt global trade flows and lead to a surge in steel imports into India, threatening the profitability of domestic manufacturers. Additionally, the Indian government is considering imposing a safeguard duty to mitigate the effects of higher imports.

Yes Bank has been slapped with a tax demand of Rs 244.20 crore for the assessment year 2016-17, following a reassessment order that the bank claims incorrectly inflated the tax liability. The demand stems from a rectification order issued by the Jurisdictional Assessing Officer (JAO), which recalculated the income and tax payable. Yes Bank has disputed the demand, arguing that the recalculated tax assessment lacks justification. The bank intends to file a rectification application with the JAO and pursue further remedies, including an appeal, to contest the levy of the additional tax.

Wipro, India's fourth-largest IT services company, posted a robust 25.9% increase in its consolidated net profit for the March quarter, rising to Rs 3,569.6 crore from Rs 2,834.6 crore in the same period last year. Despite this growth, the company experienced only a marginal rise in revenues, reflecting the ongoing macroeconomic uncertainty. For the full fiscal year, profits climbed 18.9%, while revenues slightly declined. Looking ahead, Wipro expects a decline in revenue for the first quarter of FY26.

Emmvee, a prominent player in India's renewable energy landscape, announced a major expansion of its solar module production capacity, adding 2 gigawatt peak (GWp) to its existing operations. With this move, the company increases its total module production capacity to 6.6 GWp. The expansion, which includes a state-of-the-art manufacturing unit spanning 4 lakh square feet and employing over 500 new professionals, demonstrates Emmvee's commitment to enhancing technological capabilities and meeting growing global demand for solar energy solutions.