News Overview

Axis Bank delivered a strong Q1 FY27 performance with a 23% jump in net profit, improved asset quality, and healthy loan growth. However, the stock dropped more than 5% after earnings. Here's a detailed look at why the market focused on shrinking margins and future profitability instead of headline profit growth.

Adani Power shares climbed nearly 2% ahead of its Q1 FY27 earnings announcement scheduled for July 22. The board will also consider fundraising proposals, while recent acquisitions, a 25-year power supply agreement with MSEDCL, and a ₹2 lakh crore capacity expansion plan continue to strengthen the company's long-term growth outlook.

HDFC Bank shares dropped nearly 5% on July 20 after the bank's Q1 FY27 earnings missed market estimates. Despite reporting year-on-year growth in net profit and NII, investors reacted negatively to the earnings miss. However, Jefferies, Bernstein, and Nomura continue to maintain bullish ratings, citing strong asset quality and long-term growth prospects.

Hyderabad-based Skyroot Aerospace scripted history with the successful launch of Vikram-1, India's first privately developed orbital-class rocket. Mission Aagaman carried multiple domestic and international payloads into Low Earth Orbit, marking a major milestone for India's commercial space sector.

Axis Bank reported a 23% jump in Q1 FY27 net profit to ₹7,114 crore, driven by 8% growth in net interest income, improved asset quality, robust loan growth, and a strong capital position. Here's a detailed look at the bank's June quarter performance.

The SBI Funds Management IPO allotment status is expected to be announced after the issue was subscribed 41.73 times. Here's how to check your allotment online, along with the latest GMP, estimated listing price, refund process, and key IPO details.

The National Stock Exchange (NSE) will launch derivatives on the Nifty India FPI 150 Index from August 12 after receiving SEBI approval. The new futures and options contracts are expected to strengthen risk management, improve market liquidity, and provide foreign investors with a diversified benchmark for Indian equities.

Jio Financial Services shares surged after the company delivered strong Q1 FY27 results. Triple-digit profit growth, rising interest income, expanding lending operations, and continued growth in payments, insurance, and asset management boosted investor sentiment.

Bharat Heavy Electricals Ltd (BHEL) reported a strong Q1 FY27 performance, returning to profitability with a net profit of ₹378 crore and a 40.3% year-on-year revenue growth. Improved EBITDA, higher margins, and strong Power segment performance drove the earnings recovery.

Jio Financial Services reported a strong Q1 FY27 performance with consolidated net profit rising 156% year-on-year to ₹830 crore. The company saw robust growth in lending, payments, asset management, and insurance businesses, strengthening its position in India's financial services sector.