*BW Businessworld Morning Newsletter* www.businessworld.in _Top Economy & Business Stories_ *23 May 2025* *Shadow Network And Puppeteers of Power* https://www.businessworld.in/article/shadow-network-and-puppeteers-of-power-557586 *The 2025 Year-to-date IPOs Drought* https://www.businessworld.in/article/the-2025-year-to-date-ipos-drought-557583 *UPI & Internet Surge Propelling India’s Vending Revolution: Wendor’s CEO* https://www.businessworld.in/article/upi-internet-surge-propelling-indias-vending-revolution-wendors-ceo-557589 *India Defends Celebi Ground Handling Ban In Court, Cites National Security Concerns* https://www.businessworld.in/article/india-defends-celebi-ground-handling-ban-in-court-cites-national-security-concerns-557582 *ITC’s Net Profit Surges To Rs 19,807 Cr In Q4 On Exceptional Gain* https://www.businessworld.in/article/itcs-net-profit-surges-to-rs-19807-cr-in-q4-on-exceptional-gain-557571 *Honasa Consumer Q4 Profit Drops 18% YoY; FY25 Profit Declines 32% Despite Revenue Growth* https://www.businessworld.in/article/honasa-consumer-q4-profit-drops-18-yoy-fy25-profit-declines-32-despite-revenue-growth-557581 *Trent & Bharat Electronics Join Sensex, Nestle & IndusInd Bank Exit In Index Rejig* https://www.businessworld.in/article/trent-bharat-electronics-join-sensex-nestle-indusind-bank-exit-in-index-rejig-557580 *Grasim Q4 Profit Falls 18% Despite Record Revenue, Paints and Cement Businesses Drive Growth* https://www.businessworld.in/article/grasim-q4-profit-falls-18-despite-record-revenue-paints-and-cement-businesses-drive-growth-557585 *Railways Part Of Indian Economy & Identity, Says MoS Pemmasani* https://www.businessworld.in/article/railways-part-of-indian-economy-identity-says-mos-pemmasani-557551