Stock Market Crash Highlights: Nifty Ends Below 24,250; Sensex Slumps 400 Points, Halts Three-Day Gaining Streak

• Nifty 50 ended 0.39% or 95.80 points lower at 24,238.50.
• Sensex declined 0.57% or 442.93 points to close at 77,708.52.

• Steel Exchange of India reported a consolidated net profit of Rs 15 crore in Q1, up 21% from Rs 12.4 crore in the previous quarter.
• Revenue declined 6.4% quarter-on-quarter to Rs 270 crore from Rs 288 crore.
• EBITDA fell 32.3% to Rs 34.2 crore from Rs 50.5 crore, while EBITDA margin narrowed to 12.7% from 17.5% in the preceding quarter.

• Fortis Healthcare said its subsidiary Agilus Diagnostics has appointed Vijender Singh as Managing Director and Chief Executive Officer, according to an exchange filing.
• The appointment is part of the leadership team at Agilus Diagnostics.
• The company disclosed the development through a regulatory filing.

• Indian Overseas Bank said it has mobilised $300 million in FCNR deposits over the last month and currently has around $350 million in legacy FCNR deposits.
• The bank expects total FCNR deposits to reach $1 billion by September 2026, with an additional $600-650 million likely to be mobilised in the coming months.
• Management said corporate loan demand from existing customers remains moderate, but it does not see any challenges in corporate lending.
• Treasury income stood at around Rs 2,000 crore, with a sequential increase of about Rs 200 crore.
• The bank plans to open around 50 new branches this year, with 20-25% of the new branches expected to be located in Tamil Nadu.

• Turtlemint Fintech told NDTV Profit that it turned profitable in the fourth quarter and expects to remain profitable through the year.
• The company said it has historically grown at a CAGR of 45% and that 95% of insurance distribution in India takes place through agents.
• Turtlemint said it has built the capability to recruit agents at scale, supporting its distribution network.
• The renewal book contributes around 20% of total revenue and helps drive growth in service EBITDA, which has increased by more than 40%.
• Management said the renewal business provides visibility and supports continued profitability.

• Coca-Cola has selected four banks to manage the proposed initial public offering of its India bottling unit, CNBC-TV18 reported, citing people familiar with the matter.
• The move marks a step forward in preparations for a potential listing of the bottling business.
• Further details, including the size and timeline of the proposed IPO, were not immediately available.

• Anant Raj said it will invest Rs 74.9 crore in its subsidiary, Ashok Cloud, according to an exchange filing.
• The investment will be made to support the subsidiary's business operations and growth plans.
• The company disclosed the proposed investment through a regulatory filing.

• MCX silver September futures rose 1.3% to Rs 2.19 lakh per kg.
• MCX gold August futures gained 0.7% to Rs 1.42 lakh per 10 grams.

• Karur Vysya Bank’s net profit rose 44.9% year-on-year to Rs 756 crore, while net interest income increased 32% to Rs 1,423 crore. Operating profit grew 36% to Rs 1,096 crore.
• Provisions fell to Rs 90.3 crore from Rs 258 crore a year earlier and Rs 118 crore in the previous quarter. The gross NPA ratio improved to 0.74%, while the net NPA ratio remained unchanged at 0.19%.

• The government said no proposal to change capital gains tax rates is under consideration at present. Capital gains tax policies are reviewed periodically as part of the annual Budget process.
• Long-term capital gains tax on equity transactions generated Rs 1.29 lakh crore in assessment year 2025-26, compared with Rs 72,249 crore a year earlier.

• UltraTech Cement’s consolidated net profit rose 16.9% year-on-year to Rs 2,600 crore, above the estimate of Rs 2,436 crore. Revenue increased 15.8% to Rs 24,648 crore, against the estimate of Rs 24,107 crore.
• EBITDA grew 13.7% to Rs 5,015 crore, while the margin narrowed to 20.3% from 20.7%. Grey cement volumes rose 12.2% to 41.3 million tonnes. The company expects capacity additions of 15.9 MTPA in FY27 and 29.8 MTPA in FY28.

• France’s CAC 40 rose 0.27%, while Germany’s DAX gained 0.25% and Spain’s IBEX 35 advanced 0.28%.
• The UK’s FTSE 100 fell 0.26%, while Switzerland’s SMI declined 0.15%.

• Hong Kong’s Hang Seng gained 2.36%, while China’s Shanghai Composite rose 0.85%.
• South Korea’s Kospi fell 4.46%, Japan’s Nikkei 225 declined 4.03% and Australia’s ASX 200 slipped 0.06%.

• Nifty PSU Bank rose 2.26%, followed by Nifty Pharma at 1.73% and Nifty Media at 1.20%.
• Nifty Financial Services fell 1.26%, while Nifty Bank and Nifty Auto declined 1.02% and 0.50%, respectively.


 

• Lohia Corp's Whole-Time Director Gaurav Lohia and CFO Anupam Agarwal said all of the company's growth plans will be funded internally.
• The company is currently operating at around 75% capacity utilisation.
• Management said the order book stood at Rs 1,350 crore as of March 31 and is sufficient to support its growth plans.
• The company also expects growth in imports and margins going forward.

• Average petrol prices across the US have risen above $4 per gallon, according to data from the American Automobile Association (AAA), Bloomberg reported.
• The move reflects an increase in fuel costs for consumers across the country.
• Rising fuel prices are closely tracked by investors for their potential impact on inflation and consumer spending.

• Mahindra Logistics reported a consolidated net profit of Rs 25.4 crore in Q1, compared with a loss of Rs 10.8 crore in the year-ago period.
• Revenue rose 23.3% year-on-year to Rs 2,003 crore from Rs 1,625 crore.
• EBITDA increased 49.3% to Rs 115 crore from Rs 77.1 crore, while EBITDA margin improved to 5.7% from 4.7% a year earlier.

• Indian Overseas Bank reported a Q1 net profit of Rs 1,659 crore, up 49.3% from Rs 1,111 crore in the year-ago period.
• Net interest income (NII) rose 34% year-on-year to Rs 3,688 crore from Rs 2,746 crore.
• Asset quality improved, with gross NPA declining to 1.33% from 1.42% in the previous quarter and net NPA falling to 0.18% from 0.21%.
• Provisions stood at Rs 834 crore, compared with Rs 844 crore a year ago and Rs 1,006 crore in the preceding quarter.
• Other income increased to Rs 2,160 crore from Rs 1,481 crore in the corresponding quarter last year.

• Deepak Goel of Laser Power told NDTV Profit that the company expects healthy revenue contribution from its conductor business by Q4 FY27 or Q1 FY28.
• He said the company remains optimistic about revenue growth from the conductor segment going forward.
• Goel added that TS Conductor has patented its technology, which supports the company's offerings in the segment.

• Aadhar Housing Finance said it has allotted non-convertible debentures (NCDs) worth Rs 350 crore, according to an exchange filing.
• The fundraising was completed through the issuance of NCDs.
• The company disclosed the allotment through a regulatory filing.

• Can Fin Homes told NDTV Profit that loan delinquencies have declined despite the ongoing geopolitical tensions and related disruptions.
• The company expects loan disbursements of around Rs 13,000 crore in Q2 and said it remains on track to meet its borrowing targets for the quarter.
• Management said inflation has led to higher property ticket sizes, with Telangana and Karnataka continuing to report larger ticket values.
• The company added that maintaining net interest margins (NIMs) should not be a challenge going forward.

• Dynamic Cables reported a consolidated net profit of Rs 25 crore in Q1, up 37.4% from Rs 18.2 crore in the year-ago period.
• Revenue increased 33.2% year-on-year to Rs 349 crore from Rs 262 crore.
• EBITDA rose 39.1% to Rs 38.1 crore from Rs 27.4 crore, while EBITDA margin improved to 10.9% from 10.5% a year earlier.

• Godrej Agrovet said it has inaugurated an oil palm complex in Telangana, according to an exchange filing.
• The company said its cumulative investment in the facility stands at Rs 300 crore.
• The oil palm complex is part of the company's efforts to expand its presence in the oil palm value chain.

• Vinay Rustagi of Premier Eneries told NDTV Profit that the company expects demand momentum to continue through FY27.
• He said the extension of ALMM-II will have no impact on the company's margins or business operations, adding that no orders were deferred in anticipation of the extension.
• Rustagi said the policy framework under ALMM-II should be maintained and upheld.
• The company has started commercial production at its 11 GW manufacturing facility.
• He also said ALMM-3 could require capital expenditure of more than Rs 5,000 crore over the next three years.

• Shyam Metalics reported consolidated net profit of Rs 345 crore for Q1, up 8.2% from Rs 319 crore in the previous quarter. Revenue rose 4.1% to Rs 5,455 crore from Rs 5,240 crore.
• Calculated EBITDA increased 5.3% to Rs 765 crore from Rs 727 crore, while EBITDA margin improved to 14% from 13.9%.
• The company declared an interim dividend of Rs 1.80 per share.
• Shyam Metalics also approved raising up to Rs 4,500 crore through a Qualified Institutions Placement (QIP) and other permissible modes.

• Piramal Pharma said its board will meet on July 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
• The company also said its trading window, which was closed from July 1, will remain shut until July 31, 2026, both days inclusive.
• The disclosure was made under SEBI Listing Regulations.

• Honeywell Aerospace has secured an avionics contract from IndiGo covering 810 Airbus aircraft, according to Bloomberg.
• IndiGo has selected Honeywell Aerospace's Auxiliary Power Units (APUs) for its fleet of 810 Airbus jets.
• The agreement is among the largest aircraft equipment deals linked to IndiGo's ongoing fleet expansion plans.

 

• The Airline Pilots' Association of India (ALPA India) has urged the Directorate General of Civil Aviation (DGCA) to suspend flights to Dubai and Abu Dhabi, citing the deteriorating security situation in the Middle East, according to a letter seen by NDTV Profit.
• The pilots' body said threats in the region have raised aviation safety concerns and warned of risks including missile attacks, GPS jamming and electronic warfare.
• ALPA India has called for a comprehensive and independent threat assessment before flight operations continue and urged authorities to adopt a precautionary approach amid tensions in the Gulf.
• The association also offered technical support to the DGCA for conflict-zone risk assessments.

• Oswal Pumps told NDTV Profit that it expects a ramp-up in commercial production after the second quarter.
• The company said discussions are underway for testing new projects and that it has planned the required capital expenditure for its solar power segment.
• Management said pricing pressure continues to affect both the company and the industry.
• Oswal Pumps added that a large part of its sales currently comes from key government projects, while KUSUM 2.0 remains an important topic of discussion across the industry.
• The company also sees scope for improvement in data collection and recovery processes.

• KPI Green Energy said it has commissioned a 200 MW AC / 269 MW DC solar power plant in Khavda, according to an exchange filing.
• The project has been developed for Coal India.
• The commissioning marks the start of operations at the solar power facility under the company's executed project portfolio.

 

• Minda Corporation said it has acquired an additional 2.5 crore shares of its subsidiary through a rights issue, according to an exchange filing.
• The company invested Rs 25 crore as part of the share subscription.
• The transaction increases Minda Corp's stake in the subsidiary.

• Tata Power CEO & MD Praveer Sinha told NDTV Profit that the company sees hydro storage as a significant opportunity in India and expects demand for pumped storage projects to increase.
• He said Tata Power has several pumped hydro projects currently undergoing the approval process.
• Sinha added that pumped hydro projects can provide clean energy solutions and expressed optimism about the company's newly announced project.
• The company expects to commission the new pumped hydro project in the first half of 2029.

• India's benchmark 10-year government bond yield rose 5 basis points to 6.83%.
• The move indicates a decline in bond prices, as yields and bond prices move in opposite directions.
• The 10-year government bond yield is a key indicator tracked by investors to gauge borrowing costs and interest rate expectations.

• Pace Digitek said its subsidiary has entered into an agreement with Megmeet Electrical India for AI data centre power infrastructure solutions, according to an exchange filing.
• Under the pact, Megmeet will supply AI data centre power systems to the company's arm.
• The partnership is aimed at supporting power infrastructure requirements for AI-focused data centre projects.

• Former Chief Economic Adviser Krishnamurthy V Subramanian said India can achieve economic growth of 8% to 9% by implementing reforms in land, labour, capital, the judiciary and bureaucracy.
• He said reforms that reduce business and financing costs could lift private investment, attract foreign capital and reduce India’s exposure to external shocks.

Source: PTI

• Swaraj Engines’ net profit rose 11% year-on-year to Rs 55.5 crore, while revenue increased 21.5% to Rs 588 crore.
• EBITDA grew 14.2% to Rs 76.6 crore. The EBITDA margin narrowed to 13% from 13.9% a year earlier.

• Richard Redogila expects crude oil to trade between $78 and $98 a barrel over the next 30 days, with further attacks likely to push prices higher.
• Redogila said markets are accounting for headwinds from higher crude prices and that the US-Iran agreement appears to have broken down. OPEC is seeking to divert vessels away from the Strait of Hormuz.

• India has continued to record economic growth despite headwinds from the conflict in West Asia, Prime Minister Narendra Modi said.
• Modi also highlighted the Vikram-1 rocket and hydrogen train launches as milestones for India, while calling for a productive Monsoon Session.

• JSW Steel expects domestic demand to grow 7% to 9% and sees higher volume growth in the second quarter. The company reported 15% volume growth in Q1 FY27, while growth in value-added products supported profitability.
• Net debt declined to Rs 46,000 crore. JSW Steel expects lower coking coal prices to benefit performance in the third quarter.

• Borosil Renewables expects to retain its margin momentum in the second quarter and ramp up capacity in Q4 FY27. The company does not expect to raise funds until next year.
• The company said it met 93% of its electricity requirement through renewable sources. It expects new manufacturers to enter the solar glass business, while India continues to face a shortage of domestically produced cells.

• PC Jeweller rose 2.47%, while Sky Gold and Senco Gold gained 2.21% and 1.49%, respectively.
• Vaibhav Global fell 1.55%, while Tribhovandas Bhimji Zaveri and Thangamayil Jewellery declined 0.96% and 0.85%, respectively.


 

• The US expects China’s leader to visit in September, with preparatory teams set to travel to the country. The US also stressed the need for continued dialogue between the two nations.
• The US called on other countries to help protect shipping through the Strait of Hormuz and said meetings with Quad, Japanese and South Korean representatives are planned during ASEAN engagements.

• Smartworks Coworking has added more than 1,100 seats in Pune for L&T Technology Services.
• The addition expands L&T Technology Services’ office portfolio with Smartworks to 2,750 seats, according to an exchange filing.

• Khoon Goh said global oil trade routes may see a gradual diversion, though alternatives to the Strait of Hormuz remain limited.
• Crude oil prices, corporate earnings and El Niño are the key factors for Indian markets, Goh told NDTV Profit.

• Bernstein upgraded ICICI Bank to Outperform from Market-perform and raised its target price to Rs 1,800 from Rs 1,550.
• The brokerage cited improving growth in key retail segments, the bank’s deposit franchise and valuations trading below historical averages.

• BofA initiated coverage on PI Industries with a Buy rating and a target price of Rs 3,050.
• The brokerage expects earnings downgrades to end and sees a growth shift in FY28, supported by the agrochemicals business and other growth segments.

• Vedanta Ltd. rose 1.98%, while Vedanta Oil & Gas and Vedanta Power gained 0.84% and 0.37%, respectively.
• Vedanta Iron & Steel fell 2.04%, while Vedanta Aluminium declined 0.32%.


 

• Nifty 50 fell 0.59% or 143.75 points to 24,190.55.
• Sensex declined 0.74% or 581.97 points to 77,569.48.

• Bharat Petroleum fell 0.92%, while Hindustan Petroleum declined 0.76%.
• Indian Oil Corporation traded 0.25% lower.


 

 

• Mahanagar Gas fell 0.87%, while Indraprastha Gas declined 0.72%.
• GAIL traded 0.50% lower.


 

• Mawana Sugars fell 0.90%, while Dalmia Bharat Sugar and Shree Renuka Sugars declined 0.79% and 0.72%, respectively.
• Avadh Sugar, Bajaj Hindusthan Sugar, Dwarikesh Sugar Industries and Balrampur Chini Mills also traded lower.


 

• InterGlobe Aviation, which operates IndiGo, fell 1.71%.
• SpiceJet declined 1.57%.


 

• Tech Mahindra rose 1.90%, followed by Birlasoft at 1.04%. Happiest Minds, Wipro, Coforge and Oracle Financial Services gained between 0.50% and 0.66%.
• Newgen Software fell 1.01%, while Latent View Analytics declined 0.72%.


 

• Nifty PSU Bank rose 1.32%, followed by Nifty IT at 0.78% and Nifty Pharma at 0.75%.
• Nifty Financial Services fell 1.66%, while Nifty Bank and Nifty Realty declined 1.30% and 1.25%, respectively.

• Indian equity benchmarks declined on Monday amid weak global cues following an escalation in the conflict between the US and Iran.
• Nifty 50 fell as much as 0.8% to 24,149.90, while Sensex declined 559 points or 0.72% to 77,591.93.

The Indian rupee opened lower and depreciated by as much as 16 paise to 96.43 against the US dollar.

• Punjab National Bank’s net profit rose 214% year-on-year to Rs 5,253 crore, while net interest income increased 2% to Rs 10,798 crore. Operating profit grew 6% to Rs 7,519 crore.
• The gross NPA ratio declined by 17 basis points sequentially to 2.78%, while the net NPA ratio fell by one basis point to 0.28%. The cost of funds eased by eight basis points to 4.36%.

• Axis Bank’s net profit rose 23% year-on-year to Rs 7,114 crore, while net interest income increased 8% to Rs 14,646 crore. Operating profit grew 1% to Rs 11,659 crore.
• Net interest margin narrowed by 16 basis points sequentially to 3.46%, marking a fifth straight quarterly decline. Management expects margins to improve from the first-quarter level, supported by retail disbursements.

• Kotak Mahindra Bank’s net profit rose 26% year-on-year to Rs 4,123 crore, while net interest income increased 9% to Rs 7,928 crore. Operating profit grew 10% to Rs 6,131 crore.
• Net interest margin narrowed by 14 basis points sequentially to 4.53%. The bank expects above-system loan growth and stable margins, while forecasting a one-time ECL impact of less than 2% of net worth.

• ICICI Bank’s net profit rose 16% year-on-year to Rs 14,805 crore, while net interest income increased 13% to Rs 24,384 crore. Operating profit grew 9% to Rs 20,386 crore, while provisions fell 31%.
• Net interest margin widened by 4 basis points sequentially to 4.36%. Management expects loan growth momentum to continue and margins and funding costs to remain range-bound.

• Reliance Industries’ consolidated net profit rose 23% quarter-on-quarter to Rs 20,946 crore, while revenue increased 5% to Rs 3.09 lakh crore. EBITDA grew 8% to Rs 47,517 crore, with the margin widening to 15.4% from 15%.
• O2C EBITDA rose 17% and oil and gas EBITDA increased 19%. Retail EBITDA fell 9%, marking its largest sequential decline in 20 quarters. Net debt declined to Rs 1.23 lakh crore.

• Nifty July futures rose 1.03% to 24,345, trading at a premium of 11 points.
• The highest call open interest was at the 25,000 strike, while the highest put open interest was at the 23,000 strike. Kaynes Technology India remained under the F&O ban.

• The price band for Fujiyama Power Systems has been revised to 10% from 5%.
• Oriental Hotels has been excluded from the Additional Surveillance Measure framework.

• Helios Mutual Fund bought 2.46 lakh Landmark Cars shares at Rs 520.28 apiece. Junomoneta Finsol and QE Securities also bought shares in the company.
• HRTI sold 1.33 crore PC Jeweller shares at Rs 9.83 apiece, while Axis Mutual Fund sold 5.94 lakh shares of ZF Commercial Vehicle Control Systems India at Rs 2,330.03 each. Mrs Bectors Food Specialities, IKIO Technologies, Nilkamal and Paisalo Digital also recorded bulk transactions.

• Action Construction Equipment
• Authum Investment & Infrastructure
• Bajaj Healthcare
• BlueStone Jewellery and Lifestyle
• Canara HSBC Life Insurance
• Central Mine Planning & Design Institute
• D.P. Abhushan
• Indo Thai Securities
• Indian Overseas Bank
• Jaiprakash Power Ventures
• Mahindra Logistics
• Rallis India
• SG Mart
• Shyam Metalics and Energy
• SML Mahindra
• Sobha
• Swaraj Engines
• Transformers & Rectifiers (India)
• Tourism Finance Corporation of India
• UltraTech Cement
• Karur Vysya Bank
• Vimta Labs
• Venus Remedies
• Dynamic Cables
• Aurum PropTech
• Tinna Rubber & Infrastructure

The six-month anchor lock-in ends for 12.1 crore shares of Amagi Media Labs, representing 56% of the company’s total outstanding equity.

• ICICI Bank and Sangam India held board meetings on July 18 to consider fundraising proposals.
• India Shelter Finance Corporation, Indo Thai Securities, Shyam Metalics and Energy, and Sobha have board meetings scheduled for July 20 to consider fundraising.

• Pine Labs: Anand Raisinghani resigned as President and Chief Business Officer, Setu, effective July 17, 2026.
• Torrent Pharmaceuticals: Curatio Inc., the company's wholly owned subsidiary in the Philippines, was dissolved with effect from July 10, 2026.
• Anupam Rasayan India: Completed the acquisition of Mates Visa Consultancy, a wholly owned subsidiary, on July 17, 2026.
• NTPC: THDC commissioned an 11 MWac floating solar plant at the Khurja Super Thermal Power Project from July 17, 2026.
• NTPC: Appointed Dr Som Nath Sachdeva as an Independent Director for a three-year term with effect from July 18, 2026.
• Samvardhana Motherson International: Received court approval on July 17, 2026, for the acquisition of Motherson's Yutaka Giken and Shinnichi businesses.
• Anand Rathi Share & Stock Brokers: Bombay High Court quashed an arbitral award of Rs 4.94 crore. The company said it will pursue legal remedies.
• Reliance Power: The CBI conducted search and seizure operations at the company's office on July 18, 2026.
• Reliance Infrastructure: The CBI searched the company's registered office in connection with RCFL/RHFL transactions.
• Aarti Drugs: Gujarat Pollution Control Board ordered the closure of the company's Saykha plant with effect 15 days after July 18, 2026.
• Amara Raja Energy & Mobility: Andhra Pradesh Pollution Control Board revoked closure orders for the company's Tirupati and Chittoor facilities on July 18, 2026.
• Baazar Style Retail: Filed two civil suits before the Alipore Court. One seeks recovery of Rs 28.18 crore, while the other seeks an injunction over alleged defamation.
• Alembic Pharmaceuticals: NATCO Pharma received tentative USFDA approval for Olaparib tablets. Alembic will distribute the product in the US.
• Karur Vysya Bank: Revised MCLR rates with effect from July 22, 2026. Overnight MCLR increased to 8.85% from 8.75%, one-month to 8.75% from 8.65%, six-month to 9.15% from 9.10%, and one-year to 9.35% from 9.25%. Three-month MCLR remains unchanged at 8.95%.
• Vedanta Aluminium, Hindustan Zinc, Vedanta Oil & Gas and Vedanta Power: Promoter group entered into a $1 billion bridge financing facility on July 15, 2026.
• EPACK Durable: Mohammed Kaishulla resigned as Chief Information Officer with effect from the close of business on July 18, 2026.
• REC: Incorporated Beed Parli Power Transmission Ltd and Yavatmal Power Transmission Ltd for Maharashtra transmission projects.
• Neogen Chemicals: CRISIL downgraded the company's ratings on July 18, 2026, citing delays in its battery chemicals project.
• Tata Power: Received a Letter of Award from SECI for a 324 MW/2,592 MWh pumped storage project for 40 years, with annual revenue of Rs 351.3 crore.
• South Indian Bank: Increased MCLR rates by 5 basis points across multiple tenures.
• NATCO Pharma: Received tentative USFDA approval for Olaparib tablets on July 18, 2026. Litigation remains ongoing.
• Rossari Biotech: Approved the transfer of its entire stake in Rossari International Ltd to Rossari (Singapore) Pte. Ltd., a wholly owned subsidiary.
• SEAMEC: Vessel Samudra Sevak was off-hired from 2:30 p.m. on July 18, 2026, following a technical issue and emergency docking.
• Axis Bank: Appointed Rajeev Mantri as Chief Financial Officer with effect from September 28, 2026.
• Prism Johnson: Maharashtra Pollution Control Board directed forfeiture of a Rs 10 lakh bank guarantee on July 17, 2026, over alleged consent non-compliance.
• NBCC: Proposed the merger of wholly owned subsidiary HSCC. The appointed date is April 1, 2026. DIPAM has issued a no-objection certificate.
• Avantel: Received a purchase order worth Rs 20.81 crore from L&T for SATCOM services. The order is to be executed by July 2027.
• Navneet Education: Navneet Learning LLP signed an agreement on July 17, 2026, to divest part of its stake in K12 Techno Services for Rs 329.68 crore.
• Bajel Projects: Incorporated a wholly owned subsidiary in the UAE on July 18, 2026, to undertake EPC projects.
• Rane Holdings: Subsidiary Rane Steering Systems received a GST show-cause notice for FY23 involving Rs 11.88 crore, including a penalty of Rs 1.07 crore.
• Allied Blenders & Distillers: MAILLP filed its defence and a counterclaim worth Rs 34.86 crore on July 17, 2026.
• Hexaware Technologies: Appointed Eravi Gopan to lead Hyperscaler and Strategic Technology Partnerships with effect from July 18, 2026.
• SPML Infra: Allotted 6.93 lakh equity shares and 95.39 lakh warrants at Rs 186 per share, raising funds and converting Rs 7.16 crore of debt.
• Chemplast Sanmar: Reported a minor fire at its Karaikal EDC plant on July 17, 2026. There were no casualties. Operations remain disrupted and damage assessment is underway.
• SIS: Acquired 6.53 lakh shares of UDS for Rs 12.67 crore, increasing its stake to 6.65% on July 17, 2026.
• Cipla: USFDA inspected InvaGen's Central Islip facility from July 13 to July 17, 2026. One Form 483 observation was issued.
• Tech Mahindra: Shareholders approved AGM resolutions 1 to 4. Resolution 5 relating to Krishnam Parasramka remains stayed following a Kolkata High Court order.
• MPS: NCLT Chennai approved the first-motion application for the amalgamation of ADI BPO Services with MPS.
• Sigma Advanced Systems: Board approved the allotment of 1.33 crore equity shares at Rs 347 per share on a preferential basis, raising Rs 460 crore.
• NMDC: Appointed Vivek Nishant Nath as Director (Commercial) for a five-year term with effect from July 15, 2026.
• Zee Entertainment Enterprises: Cancelled an unutilised commitment of $215.1 million on July 18, 2026.
• Adani Power: Board will consider fundraising through equity and other instruments on July 22, 2026.
• Gulshan Polyols: Received an incentive of Rs 5 crore from the Department for Promotion of Industry and Internal Trade under the North East Industrial Development Scheme (NEIDS) 2017.
• Piramal Finance: Will seek shareholder approval to raise up to Rs 4,000 crore through a QIP, rights issue or other permissible modes.
• J&K Bank: Signed a share purchase agreement to sell 1.02 crore shares of PNB MetLife for Rs 120.10 crore.
• Jagsonpal Pharmaceuticals: Completed the acquisition of an 85% stake in Aequitas Healthcare Pvt. Ltd.
• Zota Healthcare: Acquired 2.35 lakh shares of Davaindia Health Mart for Rs 119.52 crore through conversion of a loan extended to its subsidiary.
• Sterlite Technologies: Expanded its optical connectivity portfolio in the US with the launch of the CONCAT solution.
• Olectra Greentech: Was impleaded as a respondent in a PIL before the Telangana High Court challenging land acquisition and allotment, including 150 acres allotted to the company for its EV manufacturing facility at Seetharampur, Hyderabad.
• Aditya Birla Capital: Invested Rs 484 crore in Aditya Birla Sun Life Insurance through a rights issue.
• ACME Solar Holdings: Said claims regarding damage to battery energy storage system containers are incorrect and that no containers were damaged.
• GAIL (India): Signed an agreement with KABIL to strengthen collaboration in critical minerals.
• Alkem Laboratories: Wholly owned subsidiary Alkem Medtech completed the acquisition of a 51%–55% stake in Switzerland-based Occlutech Holding AG, making it a step-down subsidiary.
• India Glycols: NCLT's Allahabad Bench approved the demerger of the Bio Pharma undertaking into Ennature Bio Pharma and the Spirits & Biofuel undertaking into IGL Spirits.
• Pfizer: Temporarily discontinued Premarin Cream in India due to supply constraints and said it is evaluating options to restore supplies.
• HCLTech: Opened a Global Technology Centre in GIFT City.
• Authum Investment & Infrastructure: NCLT Mumbai approved the company's resolution plan for the acquisition of Creatoz Builders under the insolvency process.
• JSW Cement: JSW Steel approved the sale of JOPL shares worth up to Rs 811 crore in the proposed IPO.
• Dr Lal PathLabs: Income Tax Appellate Tribunal allowed the company's appeal on July 16, 2026, permitting ESOP expense deduction of Rs 32.66 crore.
• Smartworks Coworking Spaces: Approved expansion of around 2.47 lakh sq. ft., taking total leased capacity beyond 13.7 million sq. ft. The expansion, to be completed by July 2026, involves an investment of around Rs 35 crore.
• Power Grid Corporation of India: Declared the successful bidder for a tariff-based competitive bidding project involving the installation of two synchronous condenser units at the 765/400/220 kV Fatehgarh-II substation.
• NIIT Learning Systems: Approved the merger of NIIT USA with StackRoute Learning.
• Belrise Industries: Closed its QIP and allotted 7.73 crore equity shares at Rs 220 per share, raising around Rs 1,700 crore.
• RailTel Corporation: Faces an arbitration claim of Rs 60.26 crore from 3i Infotech over termination of a Wi-Fi monetisation project. The company has filed a counterclaim of Rs 91.34 crore.
• DCM Shriram: Approved renewable energy investments of up to Rs 105 crore through the acquisition of at least a 26% stake in SPVs to secure an additional 58 MW of green power for its Bharuch plant. Total renewable power capacity will increase to 176 MW.

Reliance Industries (Q1, Consolidated)

• Revenue to Rs 3.09 lakh crore versus Bloomberg estimate of Rs 3.01 lakh crore.
• Ebitda to Rs 47,517 crore versus Bloomberg estimate of Rs 46,367 crore.
• Margin at 15.4% versus Bloomberg estimate of 15.4%.
• Net profit to Rs 20,946 crore versus Bloomberg estimate of Rs 20,451 crore.
• Net profit up 23.4% to Rs 20,946 crore versus Rs 16,971 crore. (QoQ)
• Revenue up 5.2% to Rs 3.09 lakh crore versus Rs 2.94 lakh crore. (QoQ)
• Reliance Jio ARPU at Rs 215.60.
• Reliance Jio subscribers at 53.3 crore.

Axis Bank (Q1, Standalone YoY)

• Net interest income up 8% to Rs 14,646 crore versus Rs 13,560 crore. (Up 1% QoQ)
• Pre-provision operating profit up 1% to Rs 11,659 crore versus Rs 11,515 crore. (Up 16% QoQ)
• Provisions down 44% to Rs 2,223 crore versus Rs 3,948 crore.
• Provisions down 37% to Rs 2,223 crore versus Rs 3,522 crore. (QoQ)
• Net profit up 23% to Rs 7,114 crore versus Rs 5,806 crore. (Up 1% QoQ)
• Gross NPA at 1.28% versus 1.23%. (Up 5 bps QoQ)
• Net NPA at 0.39% versus 0.37%. (Up 2 bps QoQ)
• Net interest margin down 16 bps at 3.46% versus 3.62%.
• Gross slippage ratio at 1.79% versus 1.63%. (Up 16 bps QoQ)

Punjab National Bank (Q1, Standalone YoY)

• Net interest income up 2% to Rs 10,798 crore versus Rs 10,578 crore. (Up 4% QoQ)
• Operating profit up 6% to Rs 7,519 crore versus Rs 7,081 crore. (Flat QoQ)
• Provisions up 100% to Rs 792 crore versus Rs 396 crore. (Down 13% QoQ)
• Net profit up 214% to Rs 5,253 crore versus Rs 1,675 crore. (Up 1% QoQ)
• Gross NPA at 2.78% versus 2.95%. (Down 17 bps QoQ)
• Net NPA at 0.28% versus 0.29%. (Down 1 bp QoQ)
• Net interest margin up 3 bps at 2.50%.
• Operating expenses down 13% to Rs 7,613 crore.

Kotak Mahindra Bank (Q1, Standalone YoY)

• Net interest income up 9% to Rs 7,928 crore versus Rs 7,259 crore. (Up 1% QoQ)
• Operating profit up 10% to Rs 6,131 crore versus Rs 5,564 crore. (Up 5% QoQ)
• Provisions down 45% to Rs 668 crore versus Rs 1,208 crore. (Up 29% QoQ)
• Net profit up 26% to Rs 4,123 crore versus Rs 3,282 crore. (Up 2% QoQ)
• Gross NPA at 1.18% versus 1.20%. (Down 2 bps QoQ)
• Net NPA at 0.27% versus 0.25%. (Up 2 bps QoQ)
• Fresh slippages at Rs 1,321 crore versus Rs 1,018 crore QoQ and Rs 1,812 crore YoY.
• Net interest margin down 14 bps at 4.53% versus 4.67%. (Versus 4.65% YoY)

India Cements (Q1, Consolidated YoY)

• Revenue down 0.6% to Rs 1,019 crore versus Rs 1,025 crore.
• Ebitda up 84.5% to Rs 155 crore versus Rs 84 crore.
• Margin at 15.2% versus 8.2%.
• Net profit at Rs 26.9 crore versus loss of Rs 133 crore.
• One-time loss at Rs 25.3 crore versus loss of Rs 124 crore.

Yes Bank (Q1, Standalone YoY)

• Net interest income up 17% to Rs 2,786 crore versus Rs 2,372 crore. (Up 6% QoQ)
• Other income up 3% to Rs 1,798 crore versus Rs 1,752 crore. (Up 4% QoQ)
• Operating expenses up 4% to Rs 2,880 crore versus Rs 2,766 crore. (Up 5% QoQ)
• Operating profit up 25% to Rs 1,704 crore versus Rs 1,358 crore. (Up 5% QoQ)
• Provisions up 39% to Rs 394 crore versus Rs 284 crore.
• Provisions up 110% to Rs 394 crore versus Rs 188 crore. (QoQ)
• Net profit up 34% to Rs 1,071 crore versus Rs 801 crore. (Flat QoQ)
• Gross NPA flat at 1.3%.
• Net NPA flat at 0.2%.
• Return on assets down 10 bps at 0.9% versus 1.0%.
• Net interest margin flat at 2.7%.

HDFC Bank (Q1, Standalone YoY)

• Net interest income up 7% to Rs 33,534 crore versus Rs 31,438 crore.
• Other income down 41% to Rs 12,822 crore versus Rs 21,730 crore.
• Operating profit down 21% to Rs 28,168 crore versus Rs 35,734 crore.
• Provisions up 17.2% to Rs 3,060 crore versus Rs 2,610 crore.
• Net profit up 5% to Rs 19,060 crore versus Rs 18,155 crore.
• Gross NPA at 1.17% versus 1.15%. (Up 2 bps QoQ)
• Net NPA at 0.41% versus 0.38%. (Up 3 bps QoQ)
• Net interest margin down 12 bps at 3.26% versus 3.38%.
• Credit cost up 5 bps at 0.4% versus 0.35%.
• Yield on advances down 10 bps at 7.7% versus 7.8%.
• Cost of funds flat at 4.4%.

ICICI Bank (Q1, Standalone YoY)

• Net interest income up 13% to Rs 24,385 crore versus Rs 21,635 crore.
• Net profit up 16% to Rs 14,804 crore versus Rs 12,768 crore.
• Gross NPA at 1.38% versus 1.40%.
• Net NPA at 0.35% versus 0.33%.
• Provisions down to Rs 1,260.5 crore versus Rs 1,814.6 crore.
• Provisions at Rs 1,260.5 crore versus Rs 96.2 crore. (QoQ)
• Return on assets at 2.49% versus 2.40%.
• Net interest margin at 4.36% versus 4.32%.
• Treasury gain of Rs 151 crore versus loss of Rs 106 crore.
• Loan growth at 19.6% YoY and 5% QoQ.

IDBI Bank (Q1, Standalone YoY)

• Interest income up 7.4% to Rs 7,541 crore versus Rs 7,021 crore.
• Net interest income up 10.1% to Rs 3,486 crore versus Rs 3,166 crore.
• Operating profit down 7.9% to Rs 2,168 crore versus Rs 2,354 crore.
• Net profit up 5.4% to Rs 2,115 crore versus Rs 2,007 crore.
• Gross NPA at 2.30% versus 2.32%. (Down 2 bps QoQ)
• Net NPA at 0.16% versus 0.15%. (Up 1 bp QoQ)
• Net interest margin down 54 bps at 3.61% versus 4.15%.
• CASA ratio at 43.64% versus 44.59%.

JK Cement (Q1, Consolidated YoY)

• Revenue up 20.3% to Rs 4,032 crore versus Rs 3,353 crore.
• Ebitda down 5.8% to Rs 648 crore versus Rs 688 crore.
• Margin at 16.1% versus 20.5%.
• Net profit down 14.5% to Rs 278 crore versus Rs 324 crore.

Rossari Biotech (Q1, Consolidated YoY)

• Revenue up 28% to Rs 697.2 crore versus Rs 543.7 crore.
• Ebitda up 19% to Rs 80.6 crore versus Rs 67.8 crore.
• Margin at 11.6% versus 12.4%.
• Net profit up 4% to Rs 35 crore versus Rs 33.6 crore.

Bhansali Engineering Polymers (Q1, Consolidated YoY)

• Revenue up 53% to Rs 471 crore versus Rs 308 crore.
• Ebitda up 55.6% to Rs 82.4 crore versus Rs 52.95 crore.
• Margin at 17.48% versus 17.19%.
• Net profit up 43% to Rs 65.6 crore versus Rs 45.9 crore.

Punjab & Sind Bank (Q1, Standalone YoY)

• Net interest income up 15.4% to Rs 1,039 crore versus Rs 900 crore.
• Operating profit up 1% to Rs 545 crore versus Rs 540 crore.
• Provisions down to Rs 94 crore versus Rs 217 crore.
• Net profit up 23.2% to Rs 332 crore versus Rs 269 crore.
• Gross NPA at 2.21% versus 2.40%.
• Net NPA at 0.65% versus 0.79%.

Can Fin Homes (Q1, Standalone YoY)

• Total income up 7% to Rs 1,096 crore versus Rs 1,020 crore.
• Net profit up 19.6% to Rs 268 crore versus Rs 224 crore.

GIFT Nifty traded at 24,295, around 39 points below the Nifty 50’s Friday close of 24,334.30.

• Brent crude rose nearly 4% to trade above $91 a barrel, its highest level since mid-June.
• The increase followed an escalation in the Middle East conflict, raising concerns that higher energy costs could affect the global inflation outlook.

• Japan’s Nikkei 225 fell 4.03%, while South Korea’s Kospi declined 0.38%.
• Australia’s ASX 200 rose 0.30%, bucking the regional trend as Middle East tensions and uncertainty over technology stocks weighed on markets.