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Adani Ports partners Oceaneering for Europe expansion

Adani Ports has partnered with US-based Oceaneering International to expand its offshore and subsea operations in Europe. The collaboration will be led through Adani’s marine arm, Astro Offshore, as the company strengthens its global presence beyond traditional port operations.

As part of the expansion, Adani Ports has added its first ultra-deepwater vessel, which will support offshore energy and underwater infrastructure projects. The company plans major investments in its marine business over the coming years.

The partnership is expected to help Adani Ports strengthen its position in the global offshore services market and support its long-term plans to build a larger international marine and logistics network.

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Uber, Adani join hands for India data centre

Uber will build its first data centre in India in partnership with the Adani Group, marking a major expansion move for the ride-hailing company. The development was discussed during Uber CEO Dara Khosrowshahi’s recent meeting with Adani Group chairman Gautam Adani in India.

The data centre is expected to improve Uber’s local digital infrastructure, support AI-driven services and help manage customer data within the country. The move also aligns with India’s growing push for data localisation.

The partnership highlights India’s increasing importance in global technology and digital infrastructure investments. It also strengthens Adani Group’s presence in the growing data centre business.

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General Motors lays off 600 IT employees

General Motors (GM) has laid off around 600 employees from its IT division as part of a major restructuring aimed at strengthening its focus on artificial intelligence and advanced technology.

The layoffs mainly affected salaried employees working in software and information technology roles in the United States. Reports said the company is shifting towards newer digital and AI-driven operations as the automobile industry becomes more dependent on software and automation.

While many employees lost their jobs, GM said it will continue hiring people with skills in areas such as artificial intelligence, cloud computing and data engineering.

The move reflects a growing trend among global companies, many of which are reducing traditional technology roles while investing more in AI-related jobs and automation systems.

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PVR INOX returns to profit with ₹187 cr Q4 gain

PVR INOX reported a net profit of ₹187 crore in the March quarter, compared to a ₹125 crore loss in the same period last year.

Revenue rose 26% year-on-year, supported by stronger ticket sales, better movie releases and higher spending on food and beverages. Improved theatre occupancy and advertising income also boosted earnings.

The multiplex operator said operational efficiency and a strong film lineup helped drive the recovery. The company has now returned to profitability after a weak previous year, reflecting a revival in cinema-going demand across India.

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Indian Hotels Q4 profit jumps 15% to ₹600 cr

Indian Hotels Company Limited reported a 15% year-on-year rise in net profit to around ₹600 crore in the fourth quarter, supported by strong demand and higher occupancy across its hotels.

Revenue grew about 14% to ₹2,765 crore, reflecting steady recovery in both leisure and business travel segments. EBITDA also improved by nearly 15%, showing better operating performance.

The Tata Group firm said its diversified hotel portfolio helped sustain growth. The board recommended a dividend of ₹3.25 per share, subject to approval. The results highlight continued strength in India’s hospitality sector amid rising travel demand.

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Jewellers to meet PMO over gold buying concerns

India’s jewellery industry will meet Prime Minister Narendra Modi’s Office officials after his appeal urging citizens not to rush into gold purchases amid global uncertainty and high prices.

Industry bodies said the message has raised concerns about weaker demand, especially during the wedding season. Shares of listed jewellery companies also saw pressure after the appeal.

Jewellers told officials that gold remains a key household asset and warned that panic sentiment could hurt sales. However, they also admitted that high prices are already slowing demand.

The government said the aim is to prevent panic buying and ensure economic stability, not to discourage gold purchases.

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Noel Tata votes against key reappointments at Tata Trust

Noel Tata has voted against extending the terms of trustees Venu Srinivasan and Vijay Singh at the Tata Education and Development Trust (TEDT), highlighting a rare disagreement within the Tata Trusts setup.

The decision came as both trustees were due for reappointment, which required unanimous approval. However, Noel Tata’s opposition led to a split among trustees, delaying a clear outcome.

The issue reflects differences over governance and leadership direction within TEDT. The Tata Trusts typically function through consensus, making this divide notable.

A final decision on the reappointments is still awaited.

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FMCG firms hike prices as costs rise

FMCG companies in India are gradually increasing prices of daily essentials like soaps, biscuits, detergents and packaged foods as inflation and higher input costs weigh on profits.

Rising prices of raw materials, fuel and packaging are forcing firms to pass on costs to consumers through small, steady hikes or reduced discounts. In some cases, pack sizes are also being trimmed.

While demand for essentials remains steady, households are becoming more price-conscious and shifting to smaller packs. Companies are trying to balance affordability with profitability amid ongoing cost pressures.

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300 employees opt for Tata Motors VRS

Around 300 employees have opted for Tata Motors’ voluntary retirement scheme (VRS) introduced across its passenger and commercial vehicle divisions. The scheme was offered to permanent employees aged between 40 and 55 after discussions with worker unions.

Employees choosing the VRS were offered compensation based on age and years of service, along with medical and retirement-related benefits. Reports said around 750 employees were eligible for the programme.

The step comes as Tata Motors focuses on improving operational efficiency and expanding its electric vehicle business, where increased automation is gradually changing manufacturing requirements.

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Gautam Adani meets Vietnam President in Mumbai

Industrialist Gautam Adani met visiting Vietnamese President To Lam in Mumbai on Thursday in a brief interaction following a major India–Vietnam business forum. The meeting reportedly lasted around 15 minutes and took place at a hotel in south Mumbai. No official details of the discussion were released by either side.

The interaction is being seen as part of broader efforts to strengthen trade and investment ties between India and Vietnam during the President’s official visit. The visit has focused on expanding cooperation in infrastructure, energy, manufacturing, and other key sectors. Adani Group has shown interest in Southeast Asia, including Vietnam, for future investments.