Tata Group’s retail arm Trent Limited on Tuesday reported a sharp 47 per cent drop in its net profit for the March quarter (Q4 FY25), which fell to Rs 350 crore from Rs 654 crore in the same period last fiscal.

The steep fall was largely due to a one-off gain of Rs 543 crore in the base quarter, which had inflated last year’s numbers, the company said in its stock exchange filing.

Chairman Noel Tata acknowledged the quarter’s weakness, noting that full-year figures offered a better picture of the company’s performance, especially given the seasonal nature of retail and real estate-related challenges.

"In FY25, we built on the agenda of strongly growing our reach and becoming more accessible to our customers. Given the seasonality of the business, nature of the real estate market and our approach to inventory management, the full year performance is more representative with respect to revenues, operating profitability and network expansion vis-a-vis any individual quarter," he said.

The Department of Posts on Tuesday partnered SBI Funds Management Limited (SBIFM), a prominent asset management company, to simplify the customer on-boarding process for mutual fund (MF) investors.

The collaboration will leverage India Post’s extensive network to provide doorstep KYC verification services for investors of SBI Mutual Fund.

The initiative aims to streamline the KYC process, ensuring convenience, security, and regulatory compliance for investors across India, said the Ministry of Communications.

As part of the MoU, India Post will facilitate the completion of KYC formalities for SBI Mutual Fund investors by collecting the necessary forms and documents from investors across the country.

The KYC documents will be collected by India Post’s trained personnel, ensuring a high level of security, accuracy, and privacy in the process.

Mumbai-based real estate firm Oberoi Realty saw its share price decline by Rs 46.80 or 2.82 per cent to Rs 1,610 on the National Stock Exchange (NSE) on Tuesday.

The fall came after the company reported a 45 per cent drop in its consolidated net profit for the fourth quarter (Q4) of FY25.

According to its filing with the Bombay Stock Exchange (BSE), Oberoi Realty’s net profit for the January-March quarter stood at Rs 433.17 crore, compared to Rs 788.03 crore in the same period last fiscal.

The sharp fall in profit was mainly due to a steep rise in land acquisition costs and a drop in operational revenue.

Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday reported the highest 9 per cent annual PAT growth at Rs 5,158 crore in FY25, while crossing 100 million tonnes per annum (MTPA) capacity last fiscal.

With this feat, Ambuja is now the ninth-largest cement company in the world.

The company, which also reported the highest-ever annual revenue at Rs 35,045 crore, up 6 per cent (year-on-year). It delivered the highest-ever annual volume at 65.2 million tonnes in FY25, up 10 per cent (on-year)

Moreover, it recorded its highest EBITDA in a quarter at Rs 1,868 crore, up 10 per cent YoY, and PAT on a standalone basis went up by 75 per cent at Rs 929 crore.

In the wake of the mega unified payments interface (UPI) outage earlier this month, the National Payments Corporation of India (NPCI) has asked banks to ensure that all the API requests (traffic) sent to UPI is monitored and moderated in terms of appropriate usage.

The relentless transaction status checks by banks resulted in the massive UPI outage on April 12, leaving millions stranded.

In a notification, the NPCI has said that banks will initiate the first check transaction status API after 90 seconds from the initiation/authentication of the original transaction.

“After the timers are changed, members may initiate the same after 45 to 60 seconds of the initiation/authentication of original transaction, after NPCI revised communication,” said the agency.

Banks may initiate maximum of three check transaction status APls, preferably within two hours from the initiation/authentication of the original transaction, it added.

The Cellular Operators Association of India (COAI) on Tuesday welcomed the government's decision to step in and address the growing menace of spam and scam calls originating from Over-The-Top (OTT) platforms.

The Ministry of Electronics and Information Technology (MeitY) has decided to take the lead on this issue, as was conveyed during a recent meeting of the Joint Committee of Regulators (JCoR).

The industry sees this as a much-needed move, especially since spam and scam activities are increasingly shifting to OTT communication apps like WhatsApp, Signal, and others.

While the Department of Telecommunications (DoT), along with Telecom Service Providers (TSPs), has been tightening regulations around Unsolicited Commercial Communications (UCC) on traditional telecom networks, similar control over OTT platforms has been missing.

Paytm's parent company, One97 Communication Ltd, has said that its subsidiary, First Games Technology Private Limited, received a show-cause notice from the Directorate General of GST Intelligence (DGGI).

The notice, received on April 28, 2025, relates to an ongoing Goods and Services Tax (GST) matter that has been under review across the online gaming industry for over 18 months.

The DGGI has taken the position that GST should be levied at 28 per cent on the total entry amount, instead of the 18 per cent GST currently paid on the platform fee or revenue earned by gaming companies.

In its stock exchange filing, Paytm emphasised that this is an industry-wide issue, and that several other online gaming operators have received similar notices in the past.

This matter is currently pending before the Supreme Court, which has granted interim relief by staying further proceedings on previously issued notices after hearing writ petitions filed by multiple gaming companies.

Hyundai Motor said on Tuesday it has introduced a revamped version of its Xcient heavy-duty hydrogen fuel cell truck at a clean transport exhibition in the United States.

The upgraded Xcient, which includes a newly designed hydrogen fuel cell system, was showcased at the Advanced Clean Transportation Expo 2025 in Anaheim, California, on Monday (US time), reports news agency.

Hyundai Motor said the revamped Xcient is tailored to meet a wide range of customer needs, including port transportation and medium-distance logistics. It is powered by a 180 kilowatt-hour (kWh) hydrogen fuel cell system.

For hydrogen storage, it is fitted with 10 tanks that together hold approximately 68 kilograms of hydrogen, enabling the vehicle to support a wide range of commercial transportation needs.

India's industrial growth, based on the Index of Industrial Production (IIP), edged up to 3 per cent in March this year after slowing to 2.9 per cent in February, according to data released by the Ministry of Statistics on Monday.

The data showed that the manufacturing sector, which provides quality jobs for the country’s young graduates passing out of the country’s universities and engineering institutes, recorded a 3 per cent growth in March compared to the same month last year.

The power sector output grew by a more robust 6.3 per cent growth during the month while the mining sector proved to be a laggard with a mere 0.4 per cent growth in March.

Within the manufacturing sector, 13 out of 23 industry groups have recorded a positive growth in March this year compared to the same month of the previous year. The top three positive contributors for the month are – "Manufacture of basic metals" (6.9 per cent), "Manufacture of motor vehicles, trailers and semi-trailers" (10.3 per cent) and "Manufacture of electrical equipment" (15.7 per cent), according to the official statement.

India’s job market is surging ahead with renewed momentum in 2025, with applications from women for enterprise roles seeing a 92 per cent surge, a new report said on Monday.

The report based on the first quarter of this year by jobs and professional networking platform Apna, witnessed a record-breaking 1.81 crore job applications -- a 30 per cent increase from the previous year. This reflects India’s growing economic optimism and digital hiring boom across sectors.

Women’s participation in the workforce soared, with over 62 lakh applications -- a 23 per cent year-on-year jump.

This growth was most pronounced in Tier 2 and 3 cities such as Chandigarh, Indore, and Jamshedpur, driven by flexible work options, gender-inclusive hiring, and expanded opportunities in sectors like BPO, finance, and HR, the report said.

Freshers also powered India’s employment engine, contributing over 66 lakh applications -- a 46 per cent year-on-year (YoY) increase. With companies increasingly recruiting from beyond metro cities, emerging talent hubs like Rajkot, Warangal, and Meerut are now part of the mainstream hiring narrative.