Raymond has demerged its real estate arm, Raymond Realty, with shareholders receiving 1:1 shares. The standalone unit, posting stable financials and expanding via JDAs, targets a listing by September FY26 and has a revenue potential of Rs 40,000 crore.

Wall Street s main indexes opened higher on Wednesday after the week s strong start, as soft inflation data and the U.S.-China tariff truce boosted sentiment, while Donald Trump s Gulf tour stoked expectations of additional trade agreements.

Shree Cement Ltd, the country s third largest cement group by capacity, on Wednesday reported 14.9 per cent decline in consolidated net profit to Rs 575 crore for March quarter FY25.

Gold June futures dropped ₹1,300 on Wednesday, extending total losses to over ₹7,000 from recent highs. Analysts recommend a sell-on-rise strategy, with further downside likely amid easing inflation, global tariff relief, and geopolitical ceasefire signals.

Ixigo posted its strongest quarter yet with Q4FY25 revenue rising 72% YoY to ₹284 crore and PAT surging 128% to ₹17 crore. GTV grew 65% YoY to ₹4,418 crore, driven by growth in flights, buses, and operating leverage.

Karnataka Bank reported an 8% YoY decline in Q4FY25 net profit to ₹252 crore, citing higher expenses and accounting policy changes. While income rose 2.6%, operating profit and margins declined. Asset quality improved and deposits rose 7%.

Country s largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal. The bank s Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans.

The U.S. dollar fell on Wednesday, adding to a drop in the prior session after weaker-than-expected U.S. consumer inflation data as investors await signs that global trade battles will continue to ease.

FICCI has appealed to the RBI to maintain the current co-lending rules, which allow NBFCs to originate loans and then sell a significant portion to banks. They argue that the proposed shift to a joint lending model, requiring simultaneous disbursal, would disrupt credit access and force NBFCs to reduce operations, potentially leading to job losses.