Business
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businessPrime Minister Modi has wished Skyroot Aerospace success for its Vikram-1 launch, marking a historic milestone for India's private space sector. The launch underscores the country's growing capabilities and government support for innovation.
businessReliance Industries Limited (RIL) achieved a milestone with its June quarter revenue surpassing ₹3 lakh crore, marking a 25% increase. Despite this, net profit fell to ₹20,946 crore. The oil-to-chemicals segment led revenue growth, while Jio Platforms and Reliance Retail faced profit challenges.
businessState-run oil companies have kept petrol and diesel prices unchanged on July 18, despite a sharp rise in global crude oil prices. Brent crude settled above $88 per barrel amid Middle East tensions, but Indian consumers see no immediate impact on fuel costs.
businessSeveral major companies, including Reliance Industries and JSW Steel, are set to announce their Q1 FY27 earnings on Friday. The market is reacting to recent earnings from Wipro and Tech Mahindra, with the latter seeing a positive response. Analysts expect steady performance from Reliance, driven by its oil-to-chemicals business.
businessTrack Q1 FY27 earnings as major companies like Reliance Industries, Tata Technologies, and JSW Steel announce their results. Investors are focused on revenue, profit, and guidance for market insights.
businessBHEL shares rose over 2% following its Q1 results, driven by improved execution and a strong order book. Analysts maintain a positive outlook on the company's future performance.
businessTSMC is expected to report a record net profit for Q2, driven by strong AI chip demand. Analysts predict a 59% year-on-year increase in profit, highlighting TSMC's pivotal role in the AI boom. Investors await guidance on future growth and capital expenditure plans.
businessHDB Financial Services, Union Bank, and HDFC AMC are among over 40 companies set to announce their Q1 FY27 earnings today. These results are crucial for understanding the financial health and market strategies of these firms.
businessHSBC has initiated coverage on Pidilite with a Buy rating and a target price of Rs 1,890, citing the company's strong brand and growth potential. The firm highlights Pidilite's expansion into the waterproofing segment as a key growth driver.
businessMumbai's lakes are holding less than 50% of their capacity despite recent rains. IMD forecasts light rainfall until July 17, which may help replenish water levels.
businessBiocon founder Kiran Mazumdar-Shaw has announced management changes at Syngene, aiming for a turnaround by the next fiscal year. The move comes after admitting the company had 'lost its way'.
businessReliance Infrastructure shares hit the lower circuit for the fifth consecutive session amid insolvency-linked trading restrictions. The company is seeking a review of these curbs, which have impacted investor confidence and stock performance.
businessA rumoured FDA inspection in Satara's Maan taluka led to milk collectors dumping hundreds of litres of milk, raising concerns over quality and adulteration. The incident highlights the need for better communication and regulatory enforcement.
businessMotilal Oswal Financial Services Ltd outlines its succession plan with Pratik Oswal and Vaibhav Agrawal joining the board. The firm targets a 10X profit growth over the next decade, driven by a strategic focus on Indian financial markets. Co-founders Oswal and Agrawal's partnership remains central to the company's success.
businessTicket prices for the England vs Argentina semi-final in the FIFA World Cup 2026 have surged on the resale market, with listings running into thousands of dollars. The high-profile clash featuring Messi and Kane has driven immense fan interest and demand.
businessEngland's World Cup win against Norway was overshadowed by controversy as FIFA used Connected Ball technology to validate Jude Bellingham's equaliser. The incident has sparked debate on the role of technology in sports.
businessDMart is refocusing its e-commerce strategy by closing operations in seven cities to concentrate on larger metropolitan areas. This shift comes amidst growing competition in the rapid delivery sector from giants like Amazon and Flipkart. DMart reported a first-quarter net income of 9.3 billion rupees, missing estimates.
businessThis week, 143 companies, including HDFC Bank and HCL Technologies, will announce their earnings. Investors will focus on growth trends and profitability, especially in IT, steel, and banking sectors. Key announcements from Reliance Industries and major banks will provide insights into sectoral growth.
businessThe JEECUP 2026 Round 2 seat allotment results have been released. Candidates can check their results online using their login credentials. This marks a crucial step in the admission process for polytechnic courses in Uttar Pradesh.
businessFormer U.S. President Donald Trump has issued a warning to Iran, threatening military action if Tehran attempts to assassinate him. This follows Iran's threats since 2020, after the assassination of General Qassem Soleimani.
businessNewgen Software shares surged over 11% as IT stocks rallied following TCS's Q1 results, which indicated market stabilization. This rise reflects renewed investor confidence in the IT sector.
businessTCS, GM Breweries, and Anand Rathi Wealth are set to announce their Q1 FY27 results today. Key focus areas include revenue, EBIT margins, and strategic developments. These earnings will provide insights into the companies' market positioning and future prospects.
businessAs Q1 results near, 11 auto stocks, including Maruti Suzuki and TVS Motor, are in focus. The brokerage remains optimistic about Steel Strips Wheels and Eicher Motors, reflecting confidence in the sector's growth potential.
businessMaruti Suzuki is set to challenge a Rs 9 crore customs duty demand issued by authorities. The company plans to take legal steps, asserting compliance with regulations. Despite the demand, Maruti's shares closed at Rs 14,528 on the NSE.