The World Bank has approved funding support for a hydropower project in Bhutan involving Tata Power, marking a significant boost to regional clean energy cooperation. The financing underscores global lenders’ confidence in cross-border renewable energy initiatives and Bhutan’s long-standing hydropower-led development model. The project is expected to enhance Bhutan’s generation capacity while reinforcing electricity trade with India, a key export market. For Tata Power, the backing strengthens its renewable portfolio and international footprint.

Paytm has demonstrated operational resilience despite the financial impact of contributions to the Payments Infrastructure Development Fund (PIDF). The digital payments major managed to absorb the policy-related cost through stronger revenue growth and improved sales traction across its core businesses. While regulatory-linked outflows added pressure to near-term margins, higher merchant adoption, expanding payment volumes, and diversification into financial services helped stabilize performance.

Cipla reported a steep year-on-year decline in net profit for the third quarter, reflecting margin pressure despite stable operational performance. The pharmaceutical major posted a 57% drop in consolidated profit to Rs 676 crore, weighed down by higher input costs, normalization in pricing, and a challenging global demand environment. While revenue streams remained resilient across key markets, profitability was constrained by elevated expenses and a tougher competitive landscape. Management maintained a cautious outlook, emphasizing operational efficiency and portfolio optimization.

Nokia has announced plans to expand its presence in Karnataka with the establishment of a new Global Capability Centre, reinforcing India’s growing role in the company’s global operations. The move underscores Nokia’s confidence in the state’s technology ecosystem, skilled talent pool, and supportive policy environment. The proposed centre is expected to focus on advanced research, product engineering, and digital innovation across telecom and network technologies.

The Adani Group has completed the acquisition of Indo-Asian News Service (IANS), marking a strategic entry into India’s news and content services space. The transaction adds a media asset to the conglomerate’s diversified portfolio, which already spans infrastructure, energy, logistics, and digital platforms. While financial terms were not disclosed, the takeover reflects a broader trend of corporate consolidation within the media industry.

A new study by The Energy and Resources Institute (TERI) has recommended that Auto LPG be formally integrated into India’s clean fuels strategy, citing its potential to deliver immediate environmental and economic benefits. The report highlights Auto LPG as a low-emission, cost-effective alternative to conventional automotive fuels that can be rapidly scaled using existing infrastructure. By positioning Auto LPG as a complementary option alongside electric mobility and compressed natural gas, the study underscores a pragmatic, technology-neutral approach to reducing vehicular emissions.

Coforge Ltd. delivered a strong third-quarter performance, reporting a 16 percent year-on-year increase in net profit to Rs. 297 crore, underscoring its operational resilience amid a cautious global technology spending environment. The mid-tier IT services firm benefited from steady demand across core verticals, disciplined cost management, and improved execution efficiency. While macroeconomic uncertainty continues to influence client decision-making, Coforge’s diversified portfolio and focus on long-term digital transformation engagements supported earnings growth.

The government has cleared comprehensive wage and pension revisions for employees and retirees of public sector insurance companies, the National Bank for Agriculture and Rural Development (NABARD), and the Reserve Bank of India (RBI). The decision brings long-awaited relief to thousands of workers and pensioners across key financial institutions, addressing compensation structures that had not kept pace with inflation and rising living costs. The revisions are expected to improve disposable incomes, enhance retirement security, and strengthen employee morale.

Shares of InterGlobe Aviation Ltd., which operates India’s largest airline IndiGo, declined sharply after the company reported a drop in profit for the third quarter, unsettling investor confidence. The earnings setback reflected rising operating costs, volatile fuel prices, and pressure on passenger yields despite steady growth in travel demand. The market reaction underscores heightened sensitivity to margin performance in the aviation sector, where profitability remains closely tied to external factors such as fuel costs and currency movements.

DLF Ltd. reported a 16 percent decline in sales bookings during the April–December period, with total sales standing at Rs. 16,176 crore, reflecting a moderation in India’s residential real estate market after a phase of exceptional growth. The slowdown comes against a high base set last year and a more cautious buying environment shaped by interest rate conditions and selective project launches.