8, May 2025
Emkay Global Financial Services
The Fed remained in a wait-and-watch mode yesterday, with rates on hold at 4.25-4.5%, frozen by what it described as ‘increasing but balanced risks of higher unemployment and higher inflation’. It, however, reiterated that policy is “well positioned†to wait for further clarity. The statement indicates that the FOMC is looking through the 1Q GDP contraction and still sees growth at the start of the year as “solid†.
Powell did not add much color to the presser beyond underscoring the balanced albeit increasing risks and the need to remain data dependent. Powell referred to “waiting†over 20 times. One notable is that despite risks being balanced, Powell did indicate a kind of ranking on dual mandates preferring inflation, by stating that “without price stability, we could not achieve the long periods of stronger labor market conditions†.
This is neither a hawkish nor a dovish change – simply an acknowledgement of the stagflationary risks imparted by trade policy.
It appears that this classic supply-shock conundrum will keep the Fed on hold till there is a clearer sign of weakening in the labor market, implying that the summer could stay dry as far as the Fed’s additional easing is concerned. The next Fed move could be delayed till September.
In fact, Powell did not bite on the query about the June FOMC in his presser, though his tone indicated that staying on hold on this policy was an easy call for the Committee, thereby raising the bar to act as soon as next month. The OIS market is still pricing around three 25bp cuts in 2025.
Tactical easing to continue in rest of the world
While the Fed grapples with at least a temporary rise in inflation due to tariffs, central banks across Europe (including EMs) and Asia are clearly in an easing mode. Among G-3, the ECB is at the forefront of this move and will diverge from the Fed by easing this quarter. China, on the other hand, has continued its easing bias.
Meanwhile, patchy global narrative on growth and tariff noise, and a generally weaker broad USD, has allowed EM central banks, including the RBI, to be less focused on the FX fight and enjoy some policy flexibility on rate settings in general.
We maintain we could see RBI’s terminal rate at 5.25% (+/-25bps) in this cycle, no doubt contingent on the extent of the global slowdown/recession. However, we are keeping a tab on fluid global dynamics and FX moves as well – both of which would be imperative inputs in the RBI’s reaction function. Besides, policy focus toward keeping liquidity in surplus and toward, or even higher than, 1% of NDTL should be seen as a de facto rate cut which could thus lead to reassessment of the depth of conventional rate cuts. We note that India has been the best-performer among key sovereign debt markets, with 10-year easing ~44bps CYTD vs 26-27bps in same-tenor USTs and +17-18bps in German Bund.
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- By Neel Achary
8, May 2025
Mother’s Day Gifting Essentials by Fiama, Charmis & EDW Essenza
Fiama Joyous Celebration Gift Set
Celebrate love and indulgence this Mother’s Day with our Joyous Celebration Pack—a gift that embodies care, freshness, and the essence of nature. With 85% natural origin content, it transforms every bathing ritual into a refreshing and uplifting experience, making it the perfect way to pamper your special someone.
EDW Essenza Ignite
This Mother’s Day, celebrate with EDW Essenza’s new fragrance – Ignite. A mesmerising blend of Black Currant, Mandarin, Jasmine, and Patchouli, Ignite radiates sensuality, sophistication, and irresistible charm. Let this exquisite fragrance weave an unforgettable tale of romance, making every moment magical, every memory eternal, and every spritz a celebration of passion.
Charmis Deep Radiance Face Serum
Charmis Deep Radiance Face Serum is a skincare product designed to enhance your skin’s radiance and vitality. This 30ml serum is formulated to provide deep hydration and improve your skin’s overall texture, leaving you with a more radiant and youthful complexion.
8, May 2025
Snowflake Drives the Future of Automotive with New AI-Powered Solutions
No-Headquarters/BOZEMAN, Mont. – May 8, 2025 – Snowflake, the AI Data Cloud company, today announced the continued expansion and significant momentum of its AI Data Cloud for Manufacturing with a focused acceleration of automotive-specific solutions. Since April 2023, Snowflake has seen significant adoption of its platform within the manufacturing sector, including a substantial 416% increase in the development of Data Application and Data Collaboration initiatives, reflecting the growing use of Snowflake to build custom manufacturing solutions and securely share data. Additionally, Snowflake has seen a 185% increase in Analytics deployments as manufacturers leverage the platform for deeper business insights, and a 188% growth in Data Science solutions deployed for advanced predictive modeling and AI applications.
Now, Snowflake is further tailoring its AI Data Cloud to meet the unique demands of the automotive industry. This strategic investment reflects the growing demand from global manufacturers, including those in the automotive sector, seeking to accelerate their digital transformation and AI-driven innovation. Global technology and manufacturing companies like Siemens already leverage Snowflake to transform operations across their businesses with AI and advanced analytics, while maintaining strict security and governance standards.
The automotive industry is undergoing a fundamental transformation driven by four key trends: connected and software defined vehicles, autonomous driving, electrification, and advanced manufacturing (Industry 4.0). This evolution generates massive volumes of data across vehicle development, manufacturing, supply chain, and after-sales services. Snowflake’s powerful data sharing and AI capabilities, combined with specialized partner solutions, enable the entire auto ecosystem of suppliers, original equipment manufacturers (OEMs), distribution, sales, and service providers to seamlessly collaborate on vehicle development, optimize production processes, and leverage real-time data insights across the entire automotive value chain. Notably, 80% of major automotive OEMs already rely on Snowflake’s platform for their data and AI initiatives.
Automotive industry leaders, such as CarMax, Cox Automotive, Nissan, Penske Logistics, and more, are already using Snowflake’s existing easy, connected, and trusted platform to transform their automotive operations through advanced analytics, real-time connected vehicle insights, and secure data collaboration.
“Snowflake’s platform has increased CarMax’s ability to navigate the unique challenges of the used car market,” said Abhi Bhatt, VP of Data & Analytics Engineering at CarMax. “By modernizing our data platform with Snowflake, we’ve enhanced our agility to respond quickly to market changes, improved our data coverage, and enabled delivery of a more seamless customer experience. Snowflake’s platform provides the scalable and AI-ready foundation to continue innovating and leading in the automotive retail space.”
“Snowflake is a critical component of Subaru of New England’s cloud strategy,” said Guy Mitrano, Vice President, Chief Information & Digital Officer at Subaru of New England. “It’s helping us future-proof our data foundation and deliver faster, smarter insights to our internal teams and Retailers – empowering us to make better decisions, support our business operations, and scale with the automotive industry’s rapid digital transformation.”
“Modern vehicles are generating unprecedented volumes of data, and automotive companies need AI solutions that are easy to implement, capable of handling massive datasets from across the entire value chain, and trusted for critical decisions,” said Tim Long, Global Head of Manufacturing at Snowflake. “Snowflake’s automotive solutions build on our manufacturing expertise to provide the automotive industry with the foundation they need to integrate data across their operations, scale their connected vehicle initiatives, and accelerate innovation in this rapidly evolving market.”
Vijayant Rai, Managing Director- India, Snowflake, said, “The automotive industry is undergoing a profound shift, where vehicles are no longer just machines, but intelligent, connected systems powered by data. At Snowflake, we are proud to be at the heart of this transformation. Our AI Data Cloud is helping manufacturers globally and in India unlock real-time insights, accelerate innovation, and collaborate securely across the entire auto ecosystem. As India and the world move toward smart, sustainable mobility, Snowflake is committed to empowering the auto industry with the data agility and AI capabilities it needs to shape the future of mobility.”
Leveraging a comprehensive partner ecosystem and rich data marketplace, Snowflake is enabling automotive businesses to:
Integrate Data and Connect Silos Across the Automotive Lifecycle: Enable seamless data sharing across design systems, production environments, connected vehicles, service operations, and warranty systems to provide a holistic view of vehicle performance and customer experience. Accelerate development cycles, reduce operational costs, and deliver enhanced services by breaking down barriers between business units, systems, clouds, and partners.
Leverage a Scalable and Performant Platform for Connected Vehicle Data: Support the massive data volumes generated by software-defined and autonomous vehicles with an architecture designed for high-resolution sensor and camera data. Decouple storage from compute to efficiently manage exponential growth while maintaining performance. Consolidate all vehicle streams into a single platform that scales without compromising accessibility or insights.
Drive New Revenue Opportunities Through Data Monetization and Enhanced Customer Experiences: Create new revenue streams by securely sharing and monetizing automotive data products through Snowflake Marketplace. Gain a comprehensive view of customer interactions across all touchpoints to deliver personalized experiences and services. Enable secure collaboration with ecosystem partners while maintaining strict privacy controls and compliance.
Unlock and Scale Advanced Analytics with AI/ML Capabilities: Democratize access to AI and ML tools across the organization, enabling teams to develop predictive models without specialized infrastructure. Accelerate innovation in vehicle design, production quality, and maintenance by analyzing billions of observations from thousands of sensors. Leverage your preferred development languages and tools to build custom AI applications that transform operations and customer engagement.
Optimize Supply Chain Resilience and Operational Efficiency: Gain real-time visibility across suppliers, inventory systems, and logistics partners to mitigate disruptions and reduce costs. Improve demand forecasting accuracy, minimize stockouts, and reduce excess inventory. Transform fragmented information systems into a unified platform that accelerates time to market and enables collaborative, data-driven decision-making.
Snowflake’s extension into automotive represents a natural evolution in helping the auto ecosystem transform from traditional manufacturers into digital consumer device companies, empowering them to navigate the most significant technological disruption in the industry’s history. To accelerate industry innovation, Snowflake’s comprehensive ecosystem of partners, including leaders like Accenture, AWS, Deloitte, and EY, delivers additional automotive-focused solutions, technologies, and expertise. Additionally, Blue Yonder, CGI, Cirrus Link Solutions, Concept Reply, DXC Technology, evolv Consulting, HighByte, HiveMQ, kipi.ai, LandingAI, LTIMindtree, Mendix, Sigma, Siemens Digital Industries Software, Tredence Inc. and Vertex Software have developed specialized solutions on Snowflake’s platform to drive product transformation through accelerated software-defined vehicle development, manufacturing transformation through AI-powered quality control and predictive maintenance, and supply chain transformation through real-time visibility and optimization. Through Snowflake Marketplace, automotive companies can get direct access to third-party data sets including dealer insights, EV charging station information, automotive trends and consumer behavior, driving mobility data, and vehicle inventory data to enhance their analytics and decision-making capabilities.
8, May 2025
HCLTech recognized as a Customers’ Choice in 2024 Gartner Voice of the Customer report for Public Cloud IT Transformation Services
NEW YORK and NOIDA, India, May 08, 2025—HCLTech, a leading global technology company, has been recognized with a Customers’ Choice distinction in the 2024 Gartner® Voice of the Customer report for Public Cloud IT Transformation Services.
HCLTech has been rated 4.9/5 in the report. This rating is based on 90 reviews, the highest number recorded for this study, received over an 18-month consideration period ending November 30, 2024. 96% of reviewers expressed their willingness to recommend HCLTech.
“HCLTech believes these achievements reinforce our clients’ trust in us and our focus on delivering customer-first, transformative solutions to drive scalable, future-ready cloud environments for our clients. Our CloudSMART framework, combined with our broad catalog of industrialized services, empowers businesses to migrate, modernize and innovate faster on public cloud infrastructure while harnessing the full potential of emerging technologies like generative AI (GenAI),” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech.
The ‘Voice of the Customer’ is a document that synthesizes Gartner® Peer Insights™ reviews into insights for IT decision-makers. This aggregated peer perspective, along with the individual detailed reviews, is complementary to Gartner® expert research and can play a key role in the buying process of clients as it focuses on direct peer experiences of implementing and operating a solution.”
8, May 2025
Beyond Swiping: Aisle’s Wine & Sushi Experience Redefines Modern Dating in Bengaluru
Bengaluru, May 08, 2025 – In response to the growing demand for more meaningful, face-to-face connections in an increasingly digital dating landscape, Aisle Network recently hosted the fourth edition of its signature event series, Aisle Experiences. This time, the event’s theme was a ‘Wine & Sushi Afternoon’, and the event brought together a curated group of like-minded singles in an intimate setting. The experience highlighted Aisle’s commitment to fostering genuine connections in an era where conversations often remain transactional.
Building on the success of its earlier Single Mixers, Aisle, in its latest edition of Aisle Experiences — Wine & Sushi Afternoon — welcomed 25 attendees, all eager to explore the possibility of genuine connections. The event featured a guided, hands-on sushi-rolling session led by an expert chef, complemented by curated cocktails, fine wine, and delicious appetizers.
Chandni Gaglani, Head of Aisle Network, shared her enthusiasm about the event, stating, “At Aisle, we believe that while dating apps are a great starting point for sparking connections, it’s through real-world interactions that our most authentic selves truly shine. Aisle Experiences creates that space for singles to connect in a relaxed, genuine setting, where shared interests and meaningful conversations can naturally unfold. The Wine & Sushi Afternoon perfectly captured this spirit, showing how an easy-going, engaging environment can lead to real, lasting connections.”
Aisle ensured a warm and welcoming environment, with engaging icebreaking activities and attentive hosts who helped participants ease into conversations. The experience offered a refreshing alternative to typical dating formats, fostering a safe and friendly space for like-minded singles to interact meaningfully. This hybrid model leverages the advantages of online dating while offering a balanced and inclusive physical environment. For singles ready to trade endless swiping for real conversations and seeking relationships built on shared experiences and genuine chemistry, Aisle Experiences offers the perfect starting point.
8, May 2025
IN-SPACe and Govt. of Karnataka sign MoUs to Build Centre of Excellence for Space Technologies and Space Manufacturing Park
Bengaluru, May 8, 2025: In a strategic development, the Indian National Space Promotion and Authorisation Centre (IN-SPACe), and the Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka, have signed MoUs to accelerate the state’s rise as India’s foremost commercial-space launch-pad. The MoUs signed include one for establishing a Centre of Excellence for Space Technologies in Bengaluru and the other for setting up of a public-private space manufacturing park that will anchor next-generation satellite and launch-vehicle production.
The MoUs were signed by Dr Ekroop Caur, IAS, Secretary to Government (Electronics, IT, Biotechnology and Science &Technology), Government of Karnataka; and Mr Lochan Sehra, IAS, Joint Secretary, IN-SPACe, in the presence of Dr Shalini Rajneesh, IAS, Chief Secretary to the Government of Karnataka, and Dr Pawan Goenka, Chairman, IN-SPACe. The MoUs will establish the framework for Government of Karnataka and IN-SPACe to collaborate and partner for the setting up of the Centre of Excellence for Space Technologies and the Space Manufacturing Park.
Karnataka has a mature ecosystem across the space sector value chain comprising of Government, private and MSME players, including ISRO headquarters, space related public sector undertakings such as DRDO labs and facilities, HAL, BEL, BHEL, NAL, and academic and research institutions. The MoUs will enable and support the state’s NewSpace ecosystem towards the national vision as per the Indian Space Policy, 2023 and promote innovation in the sector.
IN-SPACe, on the other hand, has been spearheading India’s space ambitions by enabling ease of doing business with the active participation of government as well as non-governmental entities. As the global space ambitions soar high, IN-SPACe is acting as a nodal agency to shape India’s growing space economy. This signing of MoUs with the Karnataka government aligns with the goal to give impetus to regional ambitions that club with the holistic national projections.
Dr Shalini Rajneesh, Chief Secretary to Government of Karnataka, said, “The MoUs with IN-SPACe mark a new chapter in Karnataka’s space journey creating a seamless talent and value chain with the regulatory support required to compete globally.”
Dr. Pawan Goenka, Chairman, IN-SPACe said, “State of Karnataka has emerged as a hub for new age space start-ups and enterprises. The MoUs will bolster this ecosystem and support the state and country’s efforts in succeeding in the NewSpace era. We look forward to working shoulder-to-shoulder with the state to see more satellites, engines and deep-space technologies developed and manufactured in the state.”
As the global space sector moves from agency-driven programmes to agile public-private partnerships, today’s signing cements Karnataka’s role as India’s launch-pad for breakthrough NewSpace technologies propelled by government vision, private ingenuity and an unrivalled talent pool. IN-SPACe, being the regulator of space in India, is driving core R&D and innovation to propel India’s growth. This MoU is another in line of IN-SPACe’s long-term vision to make India a space-forward economy, with the active participation of the states.
8, May 2025
CREATIVE ABBY AWARD 2025 POWERED BY ONE SHOW SHORTLIST ANNOUNCED: Leo, Enormous, FCB, VML, McCann, Famous, Havas lead shortlist
May 8, 2025; Mumbai, India: The AdClub announced the Round 1 shortlist of creative entries in the ABBY Awards 2025 powered by One Show.
Leo Burnett, Enormous Brands, FCB, VML, McCann, Famous Innovations, and Havas lead the shortlisted entries. Prominent companies in the shortlist are Good Morning Films, Tribes Communications, Atom Network, Cheil, Schbang, Mudra Max, Y&H, Grey Group, Hogarth Studios, Vanilla Films, Mindshare, BBH, Tilt Brand Solutions, Bennett Coleman, RedBus, Havas Life, Maitri, and Coral Media.
Digital companies shortlisted include Schbang, BC Web Wise, Digitas, Interactive Avenues, Krafton, The New Thing by Talented, Rapidues Technologies, Social Panga, etc. Design firms shortlisted are Open Design, Hyphen Brands, and Tree Design. Video craft companies shortlisted include Good Morning Films, Vanilla Films, Bang Bang, Kitchen Video, and Superfly Films.
Client and brand companies shortlisted are led by AIS, Jaguar, P&G Whisper, Manifest, The Times of India, Buckaroo, Axis Bank, Coca-Cola, Finolex, Reliance General Insurance, Durex, Flipkart Minutes, Lays, Navneet Education, BGMI, Ikea, Star Cement, RedBus, Samsung, Central Railway, and Dream 11.
Client and brand companies also shortlisted include Kansai Nerolac Paints, 7Up, Durex India, Henlo Pet Nutrition, Oreo, Spotify, Uber, KitKat, P&G Shiksha, Swiggy, Acko, Apollo 24/7, BMC, MyMuse, Robin Hood Army, Alembic Pharmaceuticals, Rapido, Sebamed, UltraTech, Yatra, CaratLane, Cathay Pacific, Dorset, Honda Motorcycle, Navbharat Times, Neeman’s, Pentonic, Pepsi, The Telegraph, and US Nomads Cafe.
Publishers and broadcasters include Bennett Coleman, ABP, Jagran Prakashan, Viacom, Star India, Hindu Group, and Zee Entertainment. Content companies include Hogarth Studios, Publicis Production, and Ryde Studio. Start-up agencies making their mark are Y&H, tgthr, Brave, and Believe Trinity.
Ajay Kakar, Chairman, Awards Governing Council, the Abby Awards said, “The shortlist for the ABBY Awards 2025—across both Creative and Media categories—is now out. It’s heartening to see the breadth and diversity of agencies, clients, brands, publishers, and broadcasters who have made it through the first round of rigorous jury evaluation. This wide representation is a reflection of the vibrancy and depth of talent in our industry. With the second and third rounds of judging ahead, we now look forward to seeing the best rise to the top. All roads lead to the awards nights between 21st and 23rd May.”
8, May 2025
Voltas Consolidated Financial Results of the company for Q4 FY25
8th May 2025, Mumbai: The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, announced the Consolidated Financial Results (including the Consolidated Segment Report) of the Company for the quarter and year ended 3i5t March, 2025.
Consolidated Results for the quarter and year ended 31st March, 2025:
For the year ended 31st March 2025, the company reported a 24% increase in Consolidated Total Income, reaching~ 15,737 crores, up from~ 12,734 crores in the same period last year. Profit before tax surged by 145%, amounting to ~ 1,191 crores compared to ~ 486 crores previously. Net Profit (after tax) also experienced a significant rise, standing at~ 834 crores, up from~ 248 crores in the corresponding period last year. This marks the highest ever profit in the company’s history. For the quarter ended 31st March 2025, the Consolidated Total Income grew by 14%, reaching~ 4,847 crores, compared to ~ 4,257 crores in the same quarter last year. Profit before tax soared by 97%, amounting to~ 343 crores from~ 174 crores. Net Profit (after tax) also saw a substantial increase, climbing to ~ 236 crores from ~ 111 crores in the corresponding quarter last year. Segment Revenue and Results for the quarter and year ended 31st March, 2025:
Consolidated Segment Results for the year ended 31st March, 2025:
(A) Unitary Cooling Products: The Unitary Cooling Products business continued to maintain its growth momentum. Overall volume growth for year ended were recorded at 36%, with growth in certain allied categories, like Air Coolers was over 70% for the year, becoming close 2nd player. Valtas remains the market leader in both Split and Window Air-conditioners, recording an YTD market share of ~19% as of March 2025. Segment Revenue grew by 30%, reaching~ 10,614 crores, up from~ 8,160 crores in the same period last year. Segment Result also saw a significant increase of 29%, in lines with growth in revenue, amounting to ~ 892 crores compared to~ 693 crores in the corresponding previous year.
Voltas Beko:
The performance of our JV — Voltbek Home Appliances Private Limited continued to be robust, with a volume growth of 56% in the year ended 31’1 March, 2025. This growth was further complemented by a significant increase in market share within the refrigerator and washing machine categories.
(B) Electro-Mechanical Projects and Services: This segment encompasses both Domestic and International Projects businesses. The Domestic Projects business, which includes MEP, Water, Electrical, and Solar sectors, experienced a growth of approximately 17% during the quarter ended March 2025. The focus on completion certification and various project management initiatives has resulted in robust bottom-line growth. The Domestic Projects continue to expand their order book and maintain a positive outlook.
In the International Projects business, recovery is visible primarily driven by projects in UAE and Saudi Arabia. For the year ended March 2025, segment revenue increased by 13%, reaching ” 4,157 crores, compared to “ 3,683 crores in the same period last year. The segment result was a positive ” 169 crores, a significant turnaround from a loss of~ 328 crores last year. For the quarter, segment revenue was ~ 1,138 crores, compared to ~ 1,098 crores in the same quarter last year. Losses have reduced from Rs 108 crores to~ 2 crores mainly due to improved order booking, better project execution and working capital management.
(C) Engineering Products and Services: The segment faced certain headwinds in its performance, owing to macro-economic factors and likewise the challenges faced by the industry. Revenue reported for current year was~ 569 crores as against~ 588 crores in the previous year, the segment results were ~ 155 crores, compared to ~ 206 crores in the corresponding period last year. For the quarter, segment revenue was~ 132 crores, compared to” 156 crores in the same quarter last year. Segment Result for the quarter was” 34 crores, as against~ 48 crores in the corresponding quarter last year.
8, May 2025
Voltas Consolidated Financial Results of the company for Q4 FY25
8th May 2025, Mumbai: The Board of Directors of Voltas Limited, the global air conditioning and engineering services provider of the Tata Group, announced the Consolidated Financial Results (including the Consolidated Segment Report) of the Company for the quarter and year ended 3i5t March, 2025.
Consolidated Results for the quarter and year ended 31st March, 2025:
For the year ended 31st March 2025, the company reported a 24% increase in Consolidated Total Income, reaching~ 15,737 crores, up from~ 12,734 crores in the same period last year. Profit before tax surged by 145%, amounting to ~ 1,191 crores compared to ~ 486 crores previously. Net Profit (after tax) also experienced a significant rise, standing at~ 834 crores, up from~ 248 crores in the corresponding period last year. This marks the highest ever profit in the company’s history. For the quarter ended 31st March 2025, the Consolidated Total Income grew by 14%, reaching~ 4,847 crores, compared to ~ 4,257 crores in the same quarter last year. Profit before tax soared by 97%, amounting to~ 343 crores from~ 174 crores. Net Profit (after tax) also saw a substantial increase, climbing to ~ 236 crores from ~ 111 crores in the corresponding quarter last year. Segment Revenue and Results for the quarter and year ended 31st March, 2025:
Consolidated Segment Results for the year ended 31st March, 2025:
(A) Unitary Cooling Products: The Unitary Cooling Products business continued to maintain its growth momentum. Overall volume growth for year ended were recorded at 36%, with growth in certain allied categories, like Air Coolers was over 70% for the year, becoming close 2nd player. Valtas remains the market leader in both Split and Window Air-conditioners, recording an YTD market share of ~19% as of March 2025. Segment Revenue grew by 30%, reaching~ 10,614 crores, up from~ 8,160 crores in the same period last year. Segment Result also saw a significant increase of 29%, in lines with growth in revenue, amounting to ~ 892 crores compared to~ 693 crores in the corresponding previous year.
Voltas Beko:
The performance of our JV — Voltbek Home Appliances Private Limited continued to be robust, with a volume growth of 56% in the year ended 31’1 March, 2025. This growth was further complemented by a significant increase in market share within the refrigerator and washing machine categories.
(B) Electro-Mechanical Projects and Services: This segment encompasses both Domestic and International Projects businesses. The Domestic Projects business, which includes MEP, Water, Electrical, and Solar sectors, experienced a growth of approximately 17% during the quarter ended March 2025. The focus on completion certification and various project management initiatives has resulted in robust bottom-line growth. The Domestic Projects continue to expand their order book and maintain a positive outlook.
In the International Projects business, recovery is visible primarily driven by projects in UAE and Saudi Arabia. For the year ended March 2025, segment revenue increased by 13%, reaching ” 4,157 crores, compared to “ 3,683 crores in the same period last year. The segment result was a positive ” 169 crores, a significant turnaround from a loss of~ 328 crores last year. For the quarter, segment revenue was ~ 1,138 crores, compared to ~ 1,098 crores in the same quarter last year. Losses have reduced from Rs 108 crores to~ 2 crores mainly due to improved order booking, better project execution and working capital management.
(C) Engineering Products and Services: The segment faced certain headwinds in its performance, owing to macro-economic factors and likewise the challenges faced by the industry. Revenue reported for current year was~ 569 crores as against~ 588 crores in the previous year, the segment results were ~ 155 crores, compared to ~ 206 crores in the corresponding period last year. For the quarter, segment revenue was~ 132 crores, compared to” 156 crores in the same quarter last year. Segment Result for the quarter was” 34 crores, as against~ 48 crores in the corresponding quarter last year.
7, May 2025
Mother’s Day: gadgets to gift your mother to make her day extra special
Mother’s Day is more than a date on the calendar, it’s a celebration of the endless love, strength, and warmth that only a mother can give. And what better way to show your appreciation than by gifting her something truly meaningful? This year, surprise your mom with smart, stylish gadgets that seamlessly blend into her lifestyle and add a spark of joy to her everyday moments. From immersive sound experiences and creating memories, Sony India’s premium range of devices offers the perfect way to say ‘Thank you, Mom’. We have curated a list of thoughtful tech gifts that she will not just love, but use, enjoy and remember for a long time.
LinkBuds Fit
The recently introduced LinkBuds Fit make an ideal gift for your mother as they deliver exceptional sound quality and have a long-lasting battery, ensuring a smooth and enjoyable listening experience.
WH-CH520 and WH-CH720N
The newly launched WH-CH520 and WH-CH720N wireless headphones make for an ideal Mother’s Day gift, combining style, comfort and impressive performance. These elegant headphones deliver loud and clear sound ensuring an immersive listening experience. With seamless connectivity and a long-lasting battery, they facilitate a hassle-free user experience.
ULT Field 1 Bluetooth Speaker
The Sony ULT Field 1 Bluetooth speaker is the perfect gift for your mother. This compact yet powerful speaker is an amalgamation of class and powerful sound. With its punchy bass, sleek design and water-resistant build, it is ideal for both indoor relaxation and outdoor fun. The long-lasting battery and seamless Bluetooth connectivity ensure uninterrupted music all day long, because mothers deserve a soundtrack as vibrant as they are.
ED0C2421SRS-XV800 speaker
Whether you’re hosting a cozy family get-together or surprising your mom with an impromptu karaoke session, this premium speaker is designed to make every moment unforgettable. With its deep, room-filling audio and IPX4 splash-proof design, it’s ready for both living room sing-alongs and garden parties alike.
