Overview

• Reliance Industries reported a 9% rise in consolidated revenue for Q4, driven by strong performance in digital services and retail, with cash profits reaching Rs 1.46 lakh crore for FY25.
• Mahindra & Mahindra announced plans to acquire a 58.96% stake in SML Isuzu for Rs 555 crore, aiming to strengthen its position in the commercial vehicle sector.
• GAIL India signed a Memorandum of Understanding with Container Corporation of India to explore the use of liquefied natural gas (LNG) as an alternative fuel in logistics.
• IDFC First Bank reported a sharp 58% year-on-year drop in Q4 standalone net profit to Rs 304.1 crore, raising concerns over sectoral challenges.
• Indian Railway Finance Corporation emerged as the lowest bidder for a Rs 5,000 crore term loan for NTPC, pending board approval, signaling potential growth in infrastructure financing.