Topic
indian-markets
Business Four of Top 10 Firms Add Rs 1.43 Lakh Crore; SBI Leads Gains
Indian markets ended the week higher, with four of the ten most valued companies adding Rs 1.43 lakh crore to their market capitalisation. State Bank of India led with a Rs 63,922.03 crore gain, while Reliance Industries, TCS and L&T also advanced; six other top-10 firms lost Rs 1.23 lakh crore combined.
Business IPO Bonanza: Dhoot Transmission, Shiprocket Among 5 Companies Raising Rs 7,443 Crore This Week
Five companies — Dhoot Transmission, Molbio Diagnostics, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering — will raise a combined Rs 7,443 crore through IPOs opening between August 10 and August 12, according to Business Today. The line-up includes India's largest dairy IPO from Milky Mist and IFC's return to mainboard anchor investing after five years through Molbio Diagnostics.
Commodities MCX Gold Futures Drop to Rs 1,44,022 per 10g on Weak Spot Demand
Gold futures on MCX fell Rs 818 to Rs 1,44,022 per 10 grams on weak spot demand, with a firmer dollar and profit booking also weighing on prices. The World Gold Council reported steady Q2 demand at 1,269 tonnes, while bullion gained 1.7% in the month.
Business Paradeep Phosphates Q1 net profit rises 24% to ₹393 crore on 36% revenue growth
Paradeep Phosphates Ltd reported a 24% year-on-year rise in Q1FY27 net profit to ₹393 crore, driven by a 36% revenue increase to ₹6,124 crore. The board also approved a ₹250-crore investment for an aluminium fluoride plant as part of its diversification into industrial chemicals.
Business ITC Now Second Largest FMCG Company by Revenue, Aims for Top Spot
ITC's non-tobacco FMCG business crossed Rs 24,000 crore in revenue, making it the second-largest FMCG company in India by revenue after Hindustan Unilever, surpassing Nestle and Britannia. Chairperson Sanjiv Puri announced the milestone at the annual general meeting, saying the company aspires to become India's number one FMCG player.
Business Top-5 Valued Firms Add Rs 1.54 Lakh Crore in Market Cap; TCS Emerges Biggest Gainer
Five of India's 10 most-valued companies added Rs 1.54 lakh crore to their market capitalisation last week. TCS was the biggest gainer, adding Rs 72,072 crore after reporting a 4.61% rise in June-quarter net profit. The rally was driven by encouraging IT sector earnings and renewed buying in financial stocks.
Business Reliance Industries Q1 Profit Falls 25% to Rs 23,196 Crore, Revenue Rises 25%
Reliance Industries reported a 25% decline in Q1 profit to Rs 23,196 crore, beating estimates, as revenue rose 25% to Rs 3.1 lakh crore. The drop was due to a one-off gain in the year-ago quarter from the sale of a stake in Asian Paints. EBITDA grew 10% to Rs 51,403 crore, led by strong performance in O2C and Jio.
Business Front-Running Patterns in PMS Detected by Sebi's AI Tools, Says Regulator
Market regulator Sebi has deployed artificial intelligence tools that have generated actionable alerts uncovering front-running patterns in the portfolio management services (PMS) industry. Sebi executive director Manoj Kumar revealed the findings at the Apmi PMS Leadership Conclave, stating the regulator is analysing investor impact and adopting a handholding approach to compliance. Apmi chairman Biharilal Deora said the review would support industry growth.
Business Reliance Industries Q2 FY27 Results: Record EBITDA, Revenue Surges 25% Year-on-Year
Reliance Industries Ltd reported its highest-ever quarterly core profit and EBITDA for the June quarter, with consolidated revenue rising 25.4% year-on-year to Rs 3.12 lakh crore. Recurring EBITDA increased 10.1% to a record Rs 54,067 crore, despite geopolitical tensions and volatile commodity markets. The Oil-to-Chemicals and Jio Platforms businesses drove strong performance.
Business Oberoi Realty Q1 Profit Rises 29% to ₹543.51 Crore, Total Income Up 27%
Oberoi Realty reported a 29% year-on-year increase in consolidated net profit to ₹543.51 crore for the June quarter, driven by higher total income which rose 27% to ₹1,361.69 crore. The Mumbai-based developer, one of India's leading real estate firms, disclosed the results in a regulatory filing on July 17, 2026.
Business Noel Tata to Step Down from Six Tata Group Company Boards in November at Age 70
Noel Tata, chairman of Tata Trusts, will step down from the boards of six Tata group companies in November when he turns 70, triggering the conglomerate's retirement age limit for non-executive directors. He will retain his seat on Tata Sons. The departure sets off boardroom changes amid internal conflict at Tata Trusts.
Business Why BSE Sensex Surged Nearly 800 Points: Top Reasons Behind Today's Rally
The BSE Sensex surged 791 points to close at 76,991 on Wednesday, driven by global market recovery, RBI Governor's dovish comments, falling crude oil prices, optimism over a US-India trade deal, and continued foreign investor buying. IT and banking stocks led the gains.
Business Why Indians Aren't Giving Up on SIPs Despite Muted Market Returns: JP Morgan
Monthly SIP inflows in India rose 48% year-on-year to Rs 310 billion in May 2026, according to a JP Morgan report, even as the Nifty 50 delivered a two-year CAGR of just 0.8% and foreign investors sold $36 billion of equities. SIPs now contribute 77% of total equity and balanced fund net inflows, reflecting a structural shift in retail investing habits supported by tax and policy incentives.
Business Sensex Rises 291 Points, Nifty Settles Above 24,100 on US-Iran Talks Optimism
Benchmark Indian equity indices ended nearly 0.4% higher on Monday, with the Sensex gaining 291 points to close at 77,094 and the Nifty jumping 90 points to settle at 24,103. The rally was driven by growing optimism over progress in US-Iran talks aimed at ending the West Asia conflict. Broader indices also advanced, with the Midcap 100 adding over 0.3% and the Smallcap 100 climbing 0.6%.
Business Stock Markets Eye Positive Start as US-Iran Sign MoU, Crude Oil Drops; Fed Comments Weigh on Wall Street
Indian equity markets are expected to open positively on Thursday, buoyed by the US-Iran interim peace agreement and a further drop in crude oil prices. However, Wall Street ended lower overnight after new Federal Reserve Chair Kevin Warsh signalled possible higher interest rates. The Nifty PSU bank index outperformed, and technical indicators support a bullish bias.
Business Indian IT Stocks Crash Rs 1.35 Lakh Cr on Accenture Warning; Analyst Sees Further Downside
Indian IT stocks suffered a massive sell-off on Friday, erasing nearly Rs 1.35 lakh crore in market value, after Accenture's weaker-than-expected outlook reignited fears of AI-driven disruption. The Nifty IT index fell 6%, taking its calendar-year decline to 29%. Brokerages warned of further earnings downgrades and valuation compression for Indian IT firms.
Business Reliance AGM 2026: Isha Ambani Sets Rs 1 Lakh Crore FMCG Revenue Target Amid Jio IPO Filing
At its 2026 Annual General Meeting, Reliance Industries unveiled ambitious FMCG growth targets and a key milestone for Jio Platforms' IPO. Executive Director Isha Ambani said Reliance Consumer Products aims for Rs 1 lakh crore revenue by FY30, while Chairman Mukesh Ambani announced the approval of Jio Platforms' draft red herring prospectus. The group also reported strong retail performance, including Smart Bazaar crossing 1,000 stores and rapid quick commerce expansion.
Business Brookfield, BCI, GIC sell 7.3% unitholding in Altius InvIT for ₹3,656 crore
Brookfield, BCI and GIC sold a combined 7.3% unitholding in Altius Telecom Infrastructure Trust for ₹3,656 crore through open market transactions. Infrastructure major Larsen & Toubro acquired a 1.25% stake. The transaction reflects ongoing portfolio rebalancing by large institutional investors in India's telecom infrastructure sector.
Business Profitability Remains Key Concern as Zepto Lines Up IPO Amid High-Volume Pitch
Quick-commerce platform Zepto has updated its draft red herring prospectus for an IPO, highlighting rapid order growth but persistent losses. The company processed 210 million orders in Q1 FY26, nearly double Swiggy Instamart, but Blinkit leads with both order volume and profitability. Zepto's adjusted EBITDA loss stood at Rs 1,248 crore in the March quarter, while Blinkit posted a profit.
Business Dalal Street Outlook: Inflation, Fed Verdict, Crude Oil, and US-Iran Deal Hopes to Steer Indian Markets
Indian equity markets face a week shaped by domestic inflation data, the US Federal Reserve's interest rate decision, crude oil price movements, and progress on the proposed US-Iran agreement. Foreign portfolio investor outflows remain a pressure point, while a strong previous week saw the Sensex gain 1,284.61 points.
Business AI Stock Valuations Are a 'Definite Bubble,' Says India's Chief Economic Adviser
India's Chief Economic Adviser V Anantha Nageswaran has described AI-related stock valuations as a 'definite bubble,' stating that much of the hype is driven by companies seeking capital. He cautioned that fears of AI-driven job losses are exaggerated and that a serious assessment can only occur after the market excitement subsides.