News Overview

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.

Tech Mahindra reported a strong Q1 FY27 performance with higher revenue, improved margins, strong deal wins above $1 billion for the third consecutive quarter, and better attrition levels. Shares gained 1.13% after the results announcement.

Wipro reported a mixed Q1 FY27 performance with marginal profit growth, higher revenue, and strong large deal bookings, but operating margins declined due to wage hikes, lower utilisation, and continued investments. The IT major expects a subdued Q2 outlook.

Asian markets witnessed sharp volatility on July 16, 2026, with heavy selling in semiconductor and AI-related stocks dragging Japan and South Korea lower, while Hong Kong outperformed after China approved Apple Intelligence. Indian equities ended largely flat as investors balanced global market weakness, elevated crude oil prices, geopolitical tensions, and domestic earnings expectations.

The rupee's recovery has unravelled as escalating tensions in the Middle East, higher oil prices, and a widening trade deficit push the currency back toward record lows. The analysis explores the RBI's intervention strategy, inflation risks, and why India's dependence on imported crude remains its biggest structural vulnerability.

ABB India shares surged to a fresh 52-week high after parent ABB posted record Q2 CY2026 results, highlighted by a 30% jump in global orders and an 81% rise in India order inflows. Strong financial performance, a $75 million India investment plan, and a healthy domestic order book boosted investor confidence.

Indian benchmark indices ended largely unchanged on July 16, 2026, with IT and Auto stocks supporting the market while Realty and Financial Services lagged. Rising Brent crude prices, fresh US-Iran tensions, weak global cues, and profit booking ahead of the Q1 earnings season kept investor sentiment cautious despite selective sectoral gains.

Swiggy Instamart and HPCL have launched India's first on-demand LPG cylinder delivery service through a quick-commerce platform. The pilot begins in Bengaluru, offering 5 kg and 10 kg cylinders without requiring an existing HP Gas connection, while Swiggy stock gained 1.06% following the announcement.

ICICI Lombard General Insurance reported a sharp 46% fall in Q1 FY27 net profit due to higher fire claims, additional motor third-party provisioning following a Supreme Court ruling, and weaker investment income. The disappointing results triggered a 13% fall in the stock price, while leading brokerages cut earnings estimates and target prices. Here's a detailed analysis of the results, key risks, positives, and what investors should watch next.