From Key Q4 Earnings To High-Octane WAVES Summit — The Week That Was
Here are the five major events that took place in the past week.
The last week of April smoothly slid into the first days of May as well, as smoothly as rupee rose up the ranks. It was the advent of something sizzling — not just the temperatures — but also a fun-filled international summit centred around creativity and innovation.
The same creation and innovation that took the form of India's First Deep-Water Container Transshipment Facility in another state. Read ahead to find out the major events that took place in the past week.
It's Raining Earnings
Eternal, Trent, Adani Ports are some of the heavyweights that announced their earnings in the past week.
Eternal: Eternal reported a 7.9% rise in revenue. Ebitda was down 55.6% at Rs 72 crore compared to Rs 162 crore in the same quarter last year.
Adani Ports: Adani Ports' revenue jumped 23% to Rs 8,488 crore versus Rs 6,897 crore in the same period last year. Ebitda was up 23.8% at Rs 5,006 crore versus Rs 4,044 crore and net profit also up by almost 48%
Trent: The Tata Group retailer reported a 47% year-on-year decline in standalone net profit to Rs 350 crore for the January–March quarter. Revenue rose 29% to Rs 4,106 crore, slightly below Bloomberg estimates, while Ebitda jumped 38% to Rs 656 crore, beating the Rs 609-crore forecast. Margins expanded to 16%, versus 14.7% expected.
WAVES Opens At High Tide
PM Modi's address at WAVES Summit
The World Audio Video Entertainment Summit is a four-day international affair meant to provide a forum where innovation and collaboration across media, entertainment and technology can be celebrated. The Inaugural WAVES summit began on Thursday and will end on Sunday. The summit's agenda is to bring to the forefront India's booming prominence in animation, visual effects, gaming and extended reality (XR) and to foster talent and expand entrepreneurship in the same arenas.
Prime Minister Narendra Modi Inaugurated the WAVES Summit and emphasised India's emergence as an "Orange Economy". Underlining the significance of creative and cultural capital Modi said: "This is the right time to create in India, and create for the world."
Photo Source: Unsplash
Rupee Rattles Loudly
The week was especially remarkable for the Indian rupee. The currency emerged as the best performer among Asian currencies on Monday, as per Bloomberg reports, and had its strongest close since November 2024 on Wednesday. It strengthened to 83.86 a dollar, past the 84 mark, in early trade on Friday and was the highest since Oct 1, 2024.
The US dollar "bounced from steep declines last month as President Trump's erratic tariff policies drove fears of a recession and snapped confidence in US assets", as per Anil Kumar Bhansali, executive director at Finrex Treasury Advisors LLP.
Ather Races To Go Public
(Photo: Ather Energy/Unsplash)
Ather opened up to the public on April 28, 2025. It was subscribed 16% on the first day of bidding, 28% on the second and fully subscribed on the final day of bidding.
Ather Energy is a pure play Indian electric two-wheeler maker, and also provides associated product ecosystem, comprising software, charging infrastructure and smart accessories, all of which are conceptualised and designed by the company.
Post the IPO, the Bengaluru-based EV maker is on its mark to break ground for its new plant in Maharashtra, in an attempt to redraw its growth curve.
Smoother Sails Ahead With Inauguration Of Vizhinjam Port
(Source: NDTV Profit)
Lastly, India got its first ever deep sea automated port called the Vizhinjam International Deepwater Multipurpose Seaport. The port is projected to play a pivotal role in substantiating India's status in overseas trade.
It is speculated to reduce logistical costs for Indian manufacturers by 30–40% and make India more self reliant. Moreover, it will boost India's competitiveness in terms of export. The port has been built by the Adani Group and was inaugurated by Prime Minister Narendra Modi on Friday.
Editor's Cut
Stories from this week that are a must-read:
Ola Electric Likely In SEBI Crosshairs Over Alleged Insider Trading.
Private Banks Pivot To Mid-Corporate Lending As Retail Growth Slows.
India-US Trade Deal: Steel And Auto Tariffs Unlikely In First Tranche Of BTA.
Why We Crave Validation (And Why It’s Okay To Want It, Sometimes).
In This Economy... From Conflict Zones To Corporate Corridors.
Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
