Reliance Industries reported a 2.4% rise in Q4 FY25 net profit to INR 19,407 crore, driven by gains in telecom and retail, offsetting weakness in oil and petrochemicals. EBITDA rose 3.6% to INR 48,737 crore despite higher finance costs. Annual profit stood nearly flat at INR 69,648 crore, while Reliance became the first Indian company to cross INR 10 lakh crore net worth. Jio Platforms' profit rose 26%, Reliance Retail's profit grew 29%, but oil-to-chemicals EBITDA fell 10% amid weak margins. - PTI

The rupee closed 8 paise lower at 85.41 against the US dollar on Friday, reversing early gains amid heightened geopolitical tensions after the Pahalgam terror attack and weak domestic equities. The currency moved between 85.08 and 85.65 during the session. Analysts cited volatility driven by geopolitical concerns and dollar demand. Meanwhile, the dollar index rose 0.24% and Brent crude fell 0.66%. FIIs bought equities worth INR 2,952 crore, and India's forex reserves rose for the seventh straight week to USD 686.145 billion. - PTI

Odisha CM Mohan Charan Majhi said the state is confident of achieving its target of producing 130 mtpa of steel by 2030, requiring 190 million tons of iron ore. Speaking at India Steel 2025, he noted Odisha currently produces 58% of India's iron ore and aims to raise it to 70% by 2030-31. Assuring investors of mineral availability and strong infrastructure support, Majhi outlined plans for a full metal-based value chain. Over 200 delegates, including Tata Steel, JSW, and Russian officials, attended the event. - PTI

Amazon India announced plans to offer free health check-ups to over 80,000 delivery associates through medical camps across the country by end-2025. The initiative, already launched with camps in Tamil Nadu and Delhi-NCR, is part of Amazon's commitment to the health and safety of its delivery workforce. Conducted by Marsh and Care Insurance, the camps provide services such as eye exams, dental check-ups, BMI assessments, and general consultations. Delivery associates can access these services by presenting government-issued ID at Amazon's delivery stations. - PTI

Nokia Solutions and Networks India sold a 0.95% stake in Vodafone Idea for INR 786 crore through an open market transaction, offloading 102.70 crore shares at INR 7.65 apiece, NSE data showed. Meanwhile, Goldman Sachs acquired a 0.55% stake, buying 59.86 crore shares for INR 458 crore. Vodafone Idea shares fell 5.93% to close at INR 7.46 on Friday. Last year, Vodafone Idea had allocated shares to Nokia and Ericsson to partially clear dues, giving them 1.5% and 0.9% stakes, respectively. - PTI

Oriental Hotels Ltd reported a standalone net profit of INR 17.69 crore for Q4 FY25, up from INR 16.33 crore a year ago, while total income rose to INR 133.36 crore. For the full year, profit stood at INR 44.52 crore and income at INR 444.63 crore. The Board recommended a final dividend of INR 0.50 per share. Driven by a 15% rise in average room rates, Q4 EBITDA grew 33% to INR 40 crore. The company expects continued double-digit growth supported by asset upgrades and strong sector demand. - PTI

Cube Highways Trust raised INR 1,152 crore through AAA-rated non-convertible debentures across two tenors to refinance existing rupee loans. The three-year series, subscribed 2.6 times, was raised at a 7.2503% coupon, while the seven-year series, subscribed twice, was raised at 7.3006%. Participants included mutual funds, insurance companies, a pension fund, and NBFCs. CEO Vinay Sekar said the transaction will diversify Cube InvIT's funding sources. Cube InvIT is backed by investors like ADIA, Mubadala, I Squared Capital, and British Columbia Investment Management Corporation. - PTI

Alpha Wave Global and UAE-based International Holding Company (IHC) have sought Competition Commission of India approval to acquire less than 10% stake in Haldiram Snacks Food. The investment follows Haldiram's announcement of minority stake sales to IHC, Alpha Wave, and Temasek, valuing the company at around USD 10 billion. The move comes after the merger of Haldiram's Delhi and Nagpur businesses. Haldiram, established in 1937, is India's leading snack brand with products sold in over 80 countries. No competition law concerns have been raised. - PTI

Maruti Suzuki Chairman R C Bhargava said income tax relief on annual earnings up to INR 12 lakh is unlikely to revive small car demand, stressing that affordability issues persist as 88% of Indian households earn below INR 12 lakh annually. Bhargava highlighted rising ownership costs and urged for lower taxes and fewer regulations to revive growth. With domestic demand expected to stay soft, Maruti plans to boost exports by 20%, launch an electric e-Vitara and a new SUV, and aim for 50% market share by 2031. - PTI

NDTV reported a consolidated net loss of INR 61.97 crore for Q4 FY25, compared to a net profit of INR 8.68 crore a year earlier, citing strategic investments to expand presence and modernise infrastructure. Total income rose 8.28% to INR 128.24 crore, driven by high-impact event coverage. Annual consolidated loss widened to INR 218.01 crore despite a 20.23% rise in total income to INR 472.18 crore. NDTV expanded its portfolio with NDTV Marathi and NDTV World and reported a 47% surge in digital users. - PTI

The Reserve Bank of India (RBI) imposed a penalty of INR 1.61 crore on Indian Bank for contraventions under the Banking Regulation Act and non-compliance with norms on interest rates, Kisan Credit Card Scheme, and MSME lending. Separately, Mahindra & Mahindra Financial Services was fined INR 71.30 lakh for lapses under NBFC regulations and Know Your Customer (KYC) guidelines. The RBI clarified that the penalties are for regulatory deficiencies and do not impact the validity of transactions or agreements with customers. - PTI

Shriram Finance reported a 9.95% rise in Q4 FY25 net profit to INR 2,139 crore, while full-year profit surged over 35% to INR 9,761 crore. Core net interest income grew 13.4% to INR 6,051 crore, despite net interest margin compressing to 8.25%. Executive Vice Chairman Umesh Revankar attributed NIM pressure to excess liquidity and higher credit costs, but expects margins to improve to 8.5% in FY26. The company targets 15% AUM growth, led by rural demand and personal loans, despite urban softness. - PTI

Reliance Retail reported a 29.1% rise in Q4 FY25 net profit to INR 3,545 crore and a 15.65% increase in gross revenue to INR 88,620 crore, driven by digital commerce, new store openings, and strong consumer demand. FY25 gross revenue grew 7.85% to INR 3,30,870 crore, while net profit rose 11.33% to INR 12,388 crore. Digital and new commerce contributed 18% of revenue. Reliance Retail's customer base grew to 349 million, while consumer brands revenue touched INR 11,450 crore, making it India's fastest-growing FMCG company. - PTI

At the Shanghai Auto Show, Chinese, German, and Japanese automakers focused on expanding beyond the US amid high tariffs under President Trump. Companies like Soling and Gestamp are shifting towards Asia, Latin America, and Eastern Europe due to political and supply chain instability. Great Wall Motor and Leapmotor are prioritizing non-US markets, while Nissan plans a USD 1.4 billion expansion in China. Auto suppliers, adapting to sanctions, expect tariffs to be temporary but are preparing for long-term global shifts amid changing regulatory landscapes. - PTI

Uttar Pradesh Power Corporation Ltd (UPPCL) has fully digitized the process for increasing electric load, set to roll out on May 1 through the UPPCL website and 'Jhatpat' portal. Consumers can submit applications online without visiting departmental counters, and payments for processing fees and security deposits will also be digital. Bulk load approvals for multi-story buildings and colonies will be fully online. UPPCL Chairman Ashish Kumar Goyal said the move will streamline the process, ensuring faster, transparent, and hassle-free service for consumers. - PTI

Orient Electric Ltd (OEL) reported a more than two-fold rise in Q4 FY25 net profit to INR 31.26 crore, driven by efficiency gains and premiumisation efforts. Revenue from operations rose 9.41% to INR 861.85 crore, with electrical consumer durables contributing INR 614.24 crore and lighting & switchgear INR 247.61 crore. Total expenses grew 5.64% to INR 823.2 crore. For FY25, OEL's net profit rose 10.54% to INR 83.21 crore, while total income grew 9.82% to INR 3,105.52 crore, the company said. - PTI

Investors' wealth eroded by INR 8.88 lakh crore over two days as the Sensex dropped 903.96 points, closing at 79,212.53 on Friday amid profit-taking and rising Indo-Pak tensions following the Pahalgam terror attack. The BSE market cap fell to INR 4,21,58,900.91 crore. Major laggards included Adani Ports, Axis Bank, and Tata Motors, while IT stocks like TCS and Infosys gained. The BSE smallcap and midcap indices tumbled over 2.4% each, with sectoral losses led by services, utilities, and realty sectors. - PTI

CII-West Bengal State Council outlined a plan to strengthen the MSME ecosystem, promote regional industrial clusters, and drive sustainable development in the state. Highlighting West Bengal as India's second-largest MSME hub, Chairman Debashis Dutta said CII will connect MSMEs with large industries, encourage digital adoption, and enhance ESG readiness. The council proposed a cluster-based approach in sectors like leather and textiles, and district-level plans for North Bengal. Meanwhile, 'IndusTech Kolkata 2025' began at Biswa Bangla Convention Centre with over 250 companies showcasing innovations. - PTI

The Trump administration announced moves to loosen federal safety rules for self-driving car development, aiding US automakers like Tesla in competing with Chinese rivals. The Transportation Department will allow exemptions for self-driving vehicles used in research and demonstrations, streamline crash reporting requirements criticized by Elon Musk, and work toward a single national standard. Transportation Secretary Sean Duffy said the changes aim to boost innovation amid global competition. The move follows Tesla's announcement to begin self-driving taxi rollouts in Austin, Texas, this June. - PTI

Mahindra Holidays & Resorts India Ltd (MHRIL) reported a 12.31% decline in consolidated PAT to INR 72.95 crore for Q4 FY25, impacted by lower revenue of INR 778.83 crore. For FY25, PAT rose to INR 125.95 crore and revenue grew to INR 2,780.85 crore. The company added 520 keys during the year, expanding its inventory to 5,847 keys, with resort occupancy at 85% in Q4. MD and CEO Manoj Bhat highlighted strong resort revenue growth and steady European operations despite economic headwinds. - PTI

Mphasis reported a 13.6% rise in Q4 FY25 net profit to INR 446.5 crore, driven by higher margins and strong BFSI segment growth. Revenue from operations grew 8.7% to INR 3,710 crore, with operating margins at 15.3%. Total contract value of new wins more than doubled to USD 390 million. For FY25, net profit rose 9.5% to INR 1,702.1 crore, and revenue grew 7.16% to INR 14,230 crore. CEO Nitin Rakesh highlighted broad-based performance, record EPS, and a strong growth pipeline despite macro uncertainty. - PTI

Gold prices retreated by INR 839 to INR 95,073 per 10 grams on MCX Friday as the US dollar strengthened amid signs of easing US-China trade tensions. The June contract dropped 0.87%, while the August contract fell INR 760 to INR 95,858. Globally, gold futures slipped 1.20% to USD 3,308.34 per ounce. Analysts cited weaker safe-haven demand due to potential trade war de-escalation and focus on upcoming US economic data. In Mumbai spot markets, gold prices fell up to INR 655 per 10 grams. - PTI

Reliance Retail's consumer business revenue surged to INR 11,500 crore in FY25, becoming its fastest-growing vertical, driven by brands like Independence and Campa, which achieved double-digit market shares in key markets. Sales grew 3.5 times year-on-year through expansion across 1 million outlets via 3,200 distributors. New launches like Campa Energy and Spinner, the acquisition of Velvette, and plans for export distribution further strengthened its FMCG presence. - PTI

Shares of Maruti Suzuki India fell nearly 2% on Friday after the company reported a 1% year-on-year decline in consolidated net profit to INR 3,911 crore for Q4 FY25, impacted by higher expenses. The stock closed 1.81% lower at INR 11,685.90 on the BSE. Total revenue rose to INR 40,920 crore from INR 38,471 crore a year earlier, while total expenses increased 8.5% to INR 37,585 crore. On a standalone basis, net profit fell to INR 3,711 crore from INR 3,878 crore. - PTI

Axis Bank shares fell over 3% on Friday, closing at INR 1,165.30 on the BSE, after the lender reported a marginal decline in Q4 profit to INR 7,117 crore. The stock dropped as much as 5% intraday, wiping out INR 12,971.93 crore in market valuation. Higher loan loss provisions, which surged 64% to INR 1,369 crore, and an 83% plunge in trading income impacted earnings. CEO Amitabh Chaudhry said the bank prioritized profitability over growth in FY25 amid a challenging environment. - PTI

DCB Bank reported a nearly 14% rise in net profit to INR 177 crore for Q4 FY25, up from INR 155.68 crore a year ago, driven by higher income. Total income grew to INR 1,961 crore from INR 1,581 crore in the year-ago period. Gross NPA improved to 2.99% while net NPA stood at 1.12%. The bank's board recommended a dividend of INR 1.35 per share, subject to shareholder approval. DCB Bank shares closed 1.55% lower at INR 127.10 on the BSE. - PTI

Hindustan Zinc Ltd (HZL) reported a 47.3% jump in consolidated net profit to INR 3,003 crore for Q4 FY25, driven by record metal volumes, lower production costs, and higher renewable energy usage. Income rose to INR 9,314 crore, while zinc cost of production dropped 5% YoY to USD 994 per metric tonne. CEO Arun Misra's tenure has been extended by a year, and the company has earmarked USD 225-250 million for growth capex. HZL continues to maintain its position as a leading low-cost, resilient global zinc producer. - PTI

Maruti Suzuki India reported a 1% YoY decline in Q4 FY25 consolidated net profit to INR 3,911 crore due to higher expenses, even as revenue rose 6% to INR 40,920 crore. Sales grew 3.5% to 6,04,635 units, with exports rising 8%. For FY25, consolidated net profit rose 7.5% to INR 14,500 crore, with revenue reaching INR 1,52,913 crore. Maruti maintained its top position in exports, contributing 43% of India's passenger vehicle exports. The board recommended a dividend of INR 135 per share. - PTI

Tata Technologies Ltd reported a 20.12% rise in Q4 FY25 consolidated PAT to INR 188.87 crore, driven by higher income and lower expenses. Total income rose to INR 1,342.73 crore, while expenses declined slightly to INR 1,088.20 crore. For FY25, PAT stood at INR 676.95 crore and income at INR 5,292.58 crore. CEO Warren Harris highlighted 17 large deal wins, including a marquee USD 500 million contract. CFO Savitha Balachandran said the company achieved strong profitability, record cash flows, and maintained margins above 18% for a fourth consecutive year. - PTI

Bank of Maharashtra reported a 23% rise in Q4 FY25 net profit to INR 1,493 crore, driven by higher core income and improved asset quality. Total income grew to INR 7,711 crore, while NII rose 20.6% to INR 3,116 crore. Gross NPAs declined to 1.74% and net NPAs to 0.18%. For FY25, net profit grew 36% to INR 5,520 crore. The board approved raising INR 7,500 crore through debt and equity, and recommended a dividend of INR 1.5 per share. The bank plans 1,000 new branches over five years. - PTI

Amid shifting global conditions, Singapore Prime Minister Lawrence Wong pledged to steer the nation through challenges by strengthening ties with neighbours and pushing for an ASEAN-EU free trade deal. In a video message, Wong highlighted collaborations with Malaysia and Indonesia, plans for deeper ASEAN integration, and new initiatives through the CPTPP. Facing economic uncertainties and global trade tensions, Wong affirmed Singapore's commitment to shaping its destiny. The remarks come as Singapore heads to the polls on May 3, with Wong leading his first general election as PM and PAP chief. - PTI

Funskool India aims to achieve revenue of USD 40-45 million in FY26, building on a 20% YoY growth in FY25, driven by global trade shifts and rising demand for Indian manufacturing. CEO K A Shabir said the company is deepening partnerships with global toy brands and expanding capacity at its Ranipet and Goa units. Funskool, contributing 20% of India's toy exports, with 40% shipments to the US, is also strengthening its homegrown brands portfolio, including Giggles, Fundough, and Play and Learn, under the 'Make in India' initiative. - PTI