87 pc of Indian firms shift focus to domestic markets amid global uncertainties

IANS | May 29, 2025 6:10 PM

New Delhi, May 29 (IANS) Amid global uncertainties, Indian businesses are rethinking their trade strategies to adapt to evolving market dynamics, with 87 per cent of firms pivoting their focus toward domestic clients, prioritising local customer needs to ensure stability, a new HSBC Global report said on Thursday.

Ola Electric’s net loss doubles in Q4, revenue tanks 62 pc

IANS | May 29, 2025 5:23 PM

New Delhi, May 29 (IANS) Ola Electric's financial performance took a sharp beating in the fourth quarter (Q4) of FY25, as the Bhavish Aggarwal-led electric vehicle maker on Thursday reported a steep drop in revenue and a two-fold increase in net losses on year-on-year (YoY) basis.

Century Plyboards’ Q4 net profit falls 34 pc, expenses climb

IANS | May 29, 2025 4:48 PM

Mumbai, May 29 (IANS) Century Plyboards (India) Limited on Thursday reported a 34 per cent year-on-year (YoY) drop in its net profit to Rs 52.50 crore for the fourth quarter (Q4), down from Rs 79.50 crore in the same quarter previous fiscal (Q4 FY24).

85.5 pc of Indian households now own at least 1 smartphone: Centre

IANS | May 29, 2025 4:41 PM

New Delhi, May 29 (IANS) A comprehensive survey by the Ministry of Statistics on Thursday showed that in rural areas, approximately 96.8 per cent of persons in the age group 15-29 used mobile phones at least once during the last three months for making personal calls and accessing the internet.

Labour productivity must be raised to pave way for Viksit Bharat: Suman Bery

IANS | May 29, 2025 4:25 PM

New Delhi, May 29 (IANS) A sustained rise in labour productivity is a prerequisite for realising the Viksit Bharat dream, where each citizen is visibly empowered and where every Indian becomes an equity holder in the growth aspirations of the new and progressive India, NITI Aayog Vice Chairman Suman Bery said on Thursday.

Apex Ecotech’s Q4 net profit falls 18 pc, revenue drops 31 pc

IANS | May 29, 2025 3:35 PM

Mumbai, May 29 (IANS) Apex Ecotech Limited has reported a weak performance for the fourth quarter of FY25, with the company’s net profit dropped by 18.2 per cent year-on-year (YoY) to Rs 7 crore in Q4, down from Rs 8.56 crore in the year-ago period (Q4 FY24).

Venus Pipes and Tubes clocks 5.2 pc drop in Q4 profit

IANS | May 29, 2025 2:52 PM

Mumbai, May 29 (IANS) Venus Pipes and Tubes Limited, a leading manufacturer and exporter of stainless-steel pipes and tubes, has reported a 5.2 per cent year-on-year drop in its profit after tax (PAT) at Rs 23.7 crore for the March quarter (Q4) of FY25, compared to Rs 25 crore in the same period in previous fiscal.