The Economic Times

Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs and progress in battery manufacturing supported the company's operational turnaround despite year-on-year revenue decline.

Eight stocks from the BSE 200 index hit fresh 52-week highs, reaching their highest price levels in the past year, indicating strong investor interest, and potential upward momentum in the share price.

Fossil Group Inc. is exploring an initial public offering for its India business. This potential listing could raise as much as $300 million. The US-based company may sell up to a 25% stake in Fossil India. This move follows other multinationals seeking value from their Indian operations. The offering is anticipated to occur early in the coming year.

Vikram Solar experienced an astonishing 85 percent drop in profits for the June quarter, primarily attributable to increased expenses. On a positive note, the company's revenue from operations showed a healthy uptick during this period. In a strategic move, Vikram Solar has also greenlit the expansion of its wafer and ingot manufacturing facility, expected to be operational by fiscal year 2029.

Lupin Ltd has reported a remarkable sixteen percent surge in profit after tax for the first quarter, showcasing their continued success. The firm experienced considerable growth in consolidated total revenue from operations, largely driven by a staggering forty-two percent increase in sales in the US market. Moreover, sales in India rose nearly fourteen percent, reflecting strong domestic demand.

Premier Energies reported remarkable growth, with profits soaring more than 53% in the latest quarter. The uptick in revenue can be attributed to robust demand across vital business sectors. The company has made significant strides in enhancing manufacturing, particularly in solar cells and modules. Moreover, plans are underway for new facilities to further elevate production capacities, as Premier Energies invests in expanding its solar initiatives and diversifying into new markets.

In the first quarter of FY27, JK Tyre & Industries reported a staggering 73 percent decline in profits, primarily due to soaring raw material prices linked to the West Asia crisis. Their consolidated net profit plummeted to Rs 44.09 crore from Rs 163.35 crore year-on-year, even as revenue rose to Rs 3,946.24 crore. Notably, domestic volumes surged by 25 percent in both replacement and OE segments.

In the June quarter, Arvind SmartSpaces achieved remarkable results with an eight-fold rise in net profit. The company's total income surged to Rs 322.02 crore, while sales bookings more than doubled to Rs 432 crore. This exceptional performance stemmed from robust pre-sales and overall income growth, solidifying the firm's position as a leading player under the Lalbhai Group from Ahmedabad.

In the June quarter, Mrs Bectors Food Specialities reported a notable 25.53 percent increase in net profit. Their operating revenue surged by sixteen percent to reach Rs 548.75 crore, bolstered by a 19 percent growth in the biscuit sector and a remarkable 40 percent rise in the bakery segment. Additionally, the EBITDA margin saw an improvement of eighty basis points, reaching 13.1 percent.

Titan Q1 Results: Consumer discretionary major Titan Ltd on Friday reported 63% year-on-year (YoY) growth in its consolidated net profit at Rs 1,777 crore in the first quarter, compared with Rs 1,091 crore in the last year quarter. Total income in the reporting period rose 40% YoY to Rs 20,753 crore.

State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due to El Nino conditions.

Hindalco Industries reported a record 75% year-on-year jump in June-quarter consolidated net profit to Rs 7,013 crore, driven by strong India aluminium and copper operations and a recovery at Novelis. Revenue rose 32% to an all-time high of Rs 84,825 crore, while EBITDA surged 73% to Rs 14,989 crore, reflecting robust operational performance despite exceptional expenses.

Thirty-four BSE stocks doubled in six months, with 12 delivering returns of 169% to 923%. Retail investors raised stakes in several multibaggers while booking profits in others during June 2026 quarter.

Kamika Ekadashi Date 2026: On August 9, 2026, devotees will celebrate Kamika Ekadashi, a holy day devoted to Lord Vishnu. Devotees will engage in a day of fasting and perform rituals aimed at enhancing their spiritual journey. The fast will conclude, known as Parana, on August 10, 2026. Bestowing praises on Lord Vishnu and presenting Tulsi leaves is considered significant, as this observance is thought to purify sins and invite divine blessings.

Indias Strategic Forces Command conducted the 10th test of the Agni-IV ballistic missile, and its sixth user trial. Since Agni-IV is already inducted into service, the test was less about developing new technology and more about demonstrating operational readiness, reliability and deterrence credibility.

Global equity funds extended their inflow streak to 11 weeks, attracting $21.15 billion in the week ended August 5. Strong corporate earnings and easing crude prices boosted risk appetite. European and Asian equity funds led regional inflows, while emerging market equities saw their strongest weekly inflows in over five months.

Widely admired for his leadership, consistency and professionalism, Rahane joins Amsterdam Flames at a time when European cricket is entering an exciting new phase of development. His arrival underlines the franchise's ambition to build a world-class brand while contributing meaningfully to the long-term growth of the sport.

India is reviewing its bilateral investment treaty model soon. The cabinet will decide on changes to attract more foreign capital. This review comes as India negotiates new pacts with developed nations. Indian industry bodies also seek faster dispute resolution for investors. The nation aims to boost foreign direct investment compared to peers.

SBI shares rose sharply on Friday after the lender reported a 10% year-on-year rise in Q1 FY27 standalone profit to Rs 21,121 crore, beating Street estimates. Net interest income rose 15% to Rs 46,992 crore, while total business crossed Rs 110 trillion. The stock remains 9% below its 52-week high.

State Bank of India reported a ten percent year-on-year net profit growth. Its net interest income also saw a fifteen percent rise during the quarter. Total business crossed one hundred ten trillion rupees, with deposits exceeding sixty trillion. Advances grew nineteen percent year-on-year, driven by broad-based loan segment expansion. Margin improvements were noted, defying earlier analyst expectations of pressure.

JPMorgan Chase CEO Jamie Dimon believes massive capital expenditure in artificial intelligence by hyperscalers will ultimately pay off despite market anxiety. Speaking to CNBC, Dimon noted that AI infrastructure demand is driving US economic growth and GDP, though individual data centre project risks require careful case-by-case analysis.

Suzlon Energy shares rose after a U.S. judge ordered the Pentagon to lift its freeze on reviewing onshore wind projects. According to Reuters, U.S. District Judge Karin Immergut granted a preliminary injunction sought by renewable energy groups, who said the freeze had caused a otal halt in wind project development across the country.

Sebi has defended the new Closing Auction Session (CAS), saying it offers better price discovery and execution certainty than the earlier VWAP-based system. The regulator said CAS aligns Indian markets with global practices and aims to reduce price disruption. Traders, however, remain concerned about unpredictable closing prices and risk management.

Ixigo shares fell nearly 9% despite the online travel company reporting its highest-ever quarterly profit in Q1FY27. The stock came under pressure after brokerages turned cautious, citing continued investments in hotels, AI and other growth initiatives that could weigh on near-term profitability. Shares later pared losses but remained down over 8% during Fridays session.

Nielsen will acquire DoubleVerify for about $2.15 billion in an all-cash deal. This acquisition aims to create an independent media intelligence platform for advertisers. The combined entity expects over $4 billion in pro forma revenue. DoubleVerify will operate as a private company under its existing brand name. The transaction is anticipated to conclude in the first quarter of 2027.

Godrej Consumer Products shares fell 4.3% after the FMCG major reported its June quarter results. Consolidated net profit rose 12% year-on-year to Rs 505 crore, while revenue from operations increased 18% to Rs 4,225 crore. Despite healthy growth, the stock declined as investors reacted to the quarterly performance.

The Reserve Bank of India has rejected Religare Enterprises' proposed demerger plan. Stock exchanges had previously given their no-objection to the company's restructuring proposal. Religare Enterprises will now engage further with the regulator for clarifications. This demerger was the first major restructuring since the Burman family took over. The Securities and Exchange Board of India has closed proceedings against former executives.

The Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) could affect flexi and overdraft loan products across corporate, MSME and unsecured personal loan segments, according to a Morgan Stanley report.

Brokerages Axis Capital and Elara Capital initiated coverage on Adani Green Energy, citing its ambitious plan to expand renewable energy capacity to 50 GW and strong long-term growth prospects. The firms see up to 23% upside, backed by robust capacity additions, improving cash flows and India's accelerating clean energy transition.

Behari Lal Engineering will launch its IPO on August 12 with a price band of Rs 271285 per share, aiming to raise over Rs 301 crore through a fresh issue and an offer for sale. The company plans to use the proceeds to expand manufacturing capacity, install rooftop solar systems, repay debt, and support general corporate purposes.

Chavda Infra has announced a 1:1 bonus issue, with shareholders set to receive one additional share for every share held. The Ahmedabad-based infrastructure companys stock has surged 53% in a month and 71% from its 52-week low, taking its market capitalisation above Rs 439 crore.

Priyanka Gandhi criticized Mohan Bhagwat's support for Gen Z protests. She stated young people do not need his certificate. Bhagwat had earlier backed Gen Z's genuine grievances and honesty. He insisted protests by youth are not anti-national in democracy. Gandhi also questioned Amit Shah's absence from parliamentary sessions.

OpenAI plans a unique doughnut-shaped smart speaker for a 2027 release. This AI-first device will feature moving parts and advanced humanlike interactivity. It aims to offer a premium look and feel, costing over $300. The company is collaborating with Jony Ive's LoveFrom studio on the design. OpenAI believes its new product does not violate any Apple trade secrets.

Three daughters of 72-year-old Shiv Charan Gupta watched their father's cremation through a video call after they said they could not travel to Sonipat for his funeral. Gupta lived at an old age home in Haryana. Staff and volunteers at the home performed his last rites on August 3.

Ashmita Chaliha and Rakshitha Ramraj advanced to the Korea Masters semifinals. Chaliha secured a significant upset against top seed Hina Akechi of Japan. Ramraj overcame a game deficit to defeat compatriot Tanvi Sharma in a tough match. Both Indian players displayed resilience and skill in their respective quarterfinal victories. They will now compete for a place in the tournament's final round.

The Tamil Nadu Assembly unanimously passed a resolution seeking fair tax devolution. This resolution aligns with constitutional principles of fiscal and cooperative federalism. Finance Minister N Marie Wilson presented the resolution to the Union government. The state emphasised its economic contribution and development needs.

Chief Economic Adviser V Anantha Nageswaran stressed proactive AI safety and security in finance. He warned AI must not foster financial exclusion and humans must remain involved. Fintech aids economic adoption, especially for SMEs and retail personal finance. Sustained cross-border payment growth depends on expanding trade volumes.

Ireland vs Afghanistan 2nd ODI Live Streaming: As the second ODI unfolds on August 7, 2026, at Bready Cricket Club, Ireland and Afghanistan are set to clash, both eager to claim their inaugural victory after the first match was abandoned. Ireland rides high on the momentum from a recent T20 series triumph, while Afghanistan embarks on a new era under fresh leadership.

Samvardhana Motherson International shares surged after the company posted record Q1 FY27 revenue of 35,244 crore (up 17% YoY) and a 70.1% YoY jump in profit after tax to 1,032 crore, aided by recent acquisitions including Shenzhen Autocruis and the Wiring Harness businesses of Nexans Autoelectric and Yutaka Giken expected to add nearly $2 billion in annualized revenue.

The new closing auction session (CAS) has rattled Dalal Street, with traders saying long-standing strategies are no longer working. SEBI, however, remains confident the system will improve as participation rises. Weak liquidity and volatile closing prices have intensified concerns, forcing traders and brokerages to adapt to the new market mechanism.

Crompton Greaves Consumer Electricals shares fell to a day's low of 250 on Friday, even after posting strong Q1 results a day earlier. The company reported a 15.2% YoY jump in PAT to 143 crore (6.4% margin) and 11.8% YoY revenue growth to 2,235 crore, driven by broad-based performance across segments.

Kalyan Jewellers shares witnessed an uptick on Friday after Jefferies initiated coverage with a Buy rating and Rs 830 target, implying 39% upside. The stock has rallied 63% in a month. Analysts see further gains, citing strong momentum, franchise-led expansion, healthy returns and improving operating performance.

Jefferies' Christopher Wood is reshuffling his India long-only model portfolio, dropping HDFC Bank and PB Fintech's PolicyBazaar in favor of Multi Commodity Exchange of India (MCX) and eyewear retailer Lenskart Solutions. The move, detailed in his GREED & fear report, signals a shift toward exchange infrastructure and consumer retail plays.

Indraprastha Medical Corporation shares surged over 8.5% to Rs 392.90 following strong Q1FY27 earnings. The healthcare operator reported a 9% YoY increase in consolidated net profit to Rs 56 crore and an 11% rise in revenue to Rs 406 crore. The company also fixed September 18 as the dividend record date.

Tata Investment Corp and Tata Chemicals shares rallied up to 7% after the RBI classified Tata Sons among the 16 upper-layer NBFCs, reviving focus on the holding company's potential listing. The central bank is also examining Tata Sons' application to surrender its core investment company registration.

Hero MotoCorp shares jumped over 3% to Rs 5,739 following strong Q1 FY27 results. The two-wheeler giant reported a 29% YoY rise in standalone net profit to Rs 1,454 crore and a 36% surge in revenue to Rs 12,999 crore, beating market estimates on operational margin performance. Brokerages maintain a Buy call.