Avenue Supermarts Ltd, the operator of the DMart retail chain, saw its consolidated net profit fell marginally in the first quarter of FY26 on a year-on-year basis (YoY), the company said in an exchange filing on Friday.

The Mumbai-based retail chain operator posted a consolidated net profit of Rs 772.10 crore for the quarter ended June 2025, marginally lower than Rs 773.68 crore reported in the corresponding quarter a year back.

Revenue from operations rose over 16 per cent year-on-year to Rs 16,359.7 crore, up from Rs 14,069 crore in Q1FY25, driven by a steady rise in store count and higher footfalls.

Mercedes-Benz India on Friday announced that it has made a strong start to the financial year 2025-26 by retailing 4,238 units in the April-June 2025 period (Q1) -- a 10 per cent growth compared to the same period last fiscal.

This strong growth was driven by high demand for both its core and top-end luxury vehicles, as well as a sharp rise in sales of battery electric vehicles (BEVs).

The Centre on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative, with the maximum incentive set at Rs 9.6 lakh per vehicle.

This marks the first time the government is extending direct support for electric trucks, aiming to accelerate the country’s transition to clean, efficient and sustainable freight mobility. The scheme is expected to support the deployment of approximately 5,600 e-trucks across the country.

Karnal-based Oswal Pumps on Friday announced its financial results for the fourth quarter (Q4) of FY25, reporting a 20.51 per cent decline in profit on a quarter-on-quarter (QoQ) basis.

The company posted a net profit of Rs 63.90 crore during the January–March period (Q4), down from Rs 80.39 crore in the October–December quarter (Q3 FY25), according to its stock exchange filing.

The company said its revenue from operations stood at Rs 364.63 crore in Q4 -- a decline of around 4 per cent from Rs 379.74 crore in the previous quarter

The gold prices in international markets are in a consolidation phase, and such consolidation prepares a fertile surface for the yellow metal to move in an upward trend, a report said on Friday.

The market is currently focusing on two factors for the movement- direction of the US interest rate and anticipated decline in the US Dollar against other major currencies, said Emkay Wealth Management in its latest Navigator report.

Amid unclarity over the likely impact of the tariffs on the US retail prices, with the Fed on hold, one of the major triggers for gold price movement is missing.

Tata Elxsi's net profit declined over 20 per cent to Rs 144.36 crore in the first quarter of FY26 on a year-on-year (YoY) basis, as per its exchange filing on Thursday.

The Tata Group's firm had posted Rs 184.07 crore profit in the same quarter in FY25.

To strengthen India's agriculture sector and make AI models more sensitive to the country’s linguistic and cultural diversity, Google on Thursday launched a new agricultural monitoring and event detection (AMED) application programming interface (API).

The company also announced a collaboration with the Indian Institute of Technology (IIT) Kharagpur to build localised datasets on India’s rich cultural tapestry. It will help in equipping global Large Language Models with better linguistic and cultural context at the local level.

The new mechanism will provide information on crops and field activity across India that will eventually empower the ecosystem to build targeted solutions that support agricultural productivity and resilience, the global tech giant said in a statement.

Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a robust 14.6 per cent year-on-year increase in individual premiums for June this year, according to data released by the Life Insurance Council.

The Government-owned company posted a higher growth rate than the corresponding figure of 12.12 per cent for private life insurers during the month.

LIC collected Rs 22,082.37 crore in group premiums in June this year, compared to Rs 23,731.13 crore in June 2024. The overall new business premium fell 3.43 per cent from Rs 28,366.87 crore for the month of June 2024 to Rs 27,395 crore for the month of June 2025.

Kicking off the Q1 FY26 earnings season, IT bellwether Tata Consultancy Services (TCS) on Thursday said it registered around 6 per cent growth in net profit (year-on-year) at Rs 12,760 crore, which surpassed analyst expectations.

The IT major saw revenue from operations growing 1.3 per cent (on-year) to Rs 63,437 crore for the April-June quarter.

TCS declared an interim dividend of Rs 11 per share of Re 1 face value each.

Hero Motors Limited (HML) on Thursday placed its fresh IPO document on the capital markets regulator SEBI’s website. According to the document, the company’s profit declined around 60 per cent to Rs 17.03 crore in the year ended on March 31, 2024 as compared to Rs 40.50 crore in preceding financial year (FY23).

The company aims to raise Rs 1,200 crore through selling equity shares at face value of Rs 10 each -- up from Rs 900 crore in its earlier filing.

The company had originally submitted its DRHP in August last year, but subsequently withdrew the application.

According to the fresh IPO document, the company's profit for the 9 months of FY25 ended in December 2024 stood at Rs 22.39 crore.

Meanwhile, its net revenue (revenue from operations + other income) increased marginally to Rs 1,083.41 crore in the year FY24. It was Rs 1,069.9 crore in FY23. The net revenue stood at Rs 823.8 crore for the 9 months of FY25.