Life Insurance Corporation of India (LIC) on Thursday (April 24, 2025) announced that it will expedite claim settlements of Pahalgam terror attack victims in an effort to provide financial relief to their families.

Expressing deep grief over the death of innocent citizens in the terrorist attack, CEO and MD Siddharta Mohanty said LIC has decided to offer concessions to mitigate the hardships of the claimants.

In lieu of death certificates, any evidence in government records of death of the policyholder due to the terrorist attack or any compensation paid by the Union or State governments will be accepted as proof of death. All efforts will be taken to ensure that the claimants are reached out to and claims settled expeditiously to the affected families,” he said in a release.

For assistance, the claimants may contact the nearest LIC branch, division, or customer zones. They may also call LIC call centre at 022 68276827, the company said.

Insurance aggregator Policybazaar said it would like to offer a job to a family member in any of the Policybazaar or Paisabazaar offices located across India or sponsor a child’s education for every impacted Indian family in Pahalgam. “It is a very small gesture towards creating a social security cover for these families,” co-founder Alok Bansal said in a social media post.

Cement maker ACC Ltd on Wednesday (April 23, 2025) reported a 20.4% decline in consolidated net profit to ₹751.04 crore during the March quarter.

The company had posted a profit of ₹943.39 crore in the year-ago period, according to a regulatory filing from ACC, which is now a part of Adani Cement.

Its revenue from operations was at ₹5,991.67 crore, up 12.7% in the March quarter. It was at ₹5,316.75 crore in the corresponding period a year ago.

ACC’s total expenses in the March quarter were at ₹5,514,82 crore, up 13.11%.

During the March quarter, ACC’s revenue from the cement business was at ₹5,685.53 crore, up 11.14%.

During the quarter, ACC reported a sales volume of 11.9 million tonnes, reporting a growth of 14%, which, according to the Adani group firm is the “highest-ever sales volume in a quarter” for the company.

Similarly, its revenue from ready mix concrete was at ₹419.92 crore, up 32.12% in the March quarter.

The total income of ACC, which includes other income, was at ₹6,066.52 crore, up 12% in the March quarter of FY25. According to the company, this is the “highest-ever quarterly revenue”.

For the financial year ended on March 31, 2025, ACC’s net profit was at ₹2,402.27 crore, up 2.87%.

Similarly, in FY25, ACC’s total income was at ₹22,834.74 crore, up 11.65%. It was at ₹20,451.77 crore a year before.

Commenting on results, Whole-Time Director & CEO Vinod Bahety said, “This year has been marked by strategic milestones that reinforce our position as a leader in the Indian cement industry. Our capacity expansion initiatives, including the commissioning of new grinding units supported by debottlenecking and modernisation, are aligned with growing infrastructure and booming demand of the nation.”

The board of ACC has approved a dividend of ₹7.50 per equity share having a face value of ₹10 each fully paid-up for 2024-25, which, according to the company, is in the context of the ongoing capex and growth plans.

Over the outlook, ACC said, “The growth is anticipated to range of 7-8% for the coming fiscal, driven by ongoing consumption demand in the housing and infrastructure segments, as well as the favourable impact of the pro-infra and housing Budget 2025.”

Cement consumption grew 8% during Q4 FY25, marginally higher as compared to 7% in the previous quarter. The increase in demand was driven by a pick-up in construction activities, improvement in rural demand, traction in the real estate sector, and increased government spending on infrastructure and construction activities.

“As per the growth trends observed in Q3 and Q4 FY25, it is projected that cement demand during FY26 will continue to benefit from the momentum gained by government spending on infrastructure and construction activities,” it said.

Shares of ACC Ltd on Wednesday settled at ₹2,068 on the BSE, up 0.79% from the previous close.

Intelligent engineering and technology solutions provider Cyient’s consolidated net profit for the quarter ended March declined more than 5% to ₹186.4 crore from ₹196.9 crore a year earlier.

The lower net profit came on an over 3% increase in total income to ₹1,950.2 crore (₹1,884.2 crore).

In a release, Cyient said during the quarter its Digital, Engineering, and Technology (DET) segment revenue declined 1.2% at ₹1,472 crore, while net profit at ₹163 crore was a year on year de-growth of 6%. The company has declared a final dividend of ₹14 per share (par value of ₹5 each) for 2024-25.

For the fiscal, Cyient DET net profit was 12.2% lower at ₹605 crore. It came on a 1.6% decline in revenue to ₹5,816 crore.

“Our top customers demonstrated strong growth this fiscal year despite the headwinds in demand. While there are some uncertainties in the near term, we are working very closely with our customers in navigating through the current challenges. We expect this to last at least through the first half of FY26,” executive vice chairman and managing director of Cyient Krishna Bodanapu said.

At a group level, “we now have three well-balanced growth vectors for the future. Our recent carve-out, Cyient Semiconductors, focuses on technology development and disruption led by AI. The DET business focuses on technology services with engineering competence as the core, and our DLM business focuses on engineering-led product manufacturing opportunities. With this, we are well-positioned to address a wide spectrum of growth opportunities in this emerging macro and geopolitical environment,” he said in a release.