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Aditya Birla Capital Ltd on Friday reported a 40 per cent rise in profit to Rs 1,175 crore for the first quarter ended June. The firm saw growth across its lending and insurance businesses. To fuel future plans, the company also raised Rs 4,000 crore in equity capital during the quarter.
Bajaj Finserv net profit rose 18% as the firm announced plans to enter the reinsurance business. Strong growth in its lending arm, Bajaj Finance, helped boost overall results. While the insurance sector saw profits fall, the company got regulatory approval to start new asset management services for its customers.
Banking credit to industries grew 19.2 percent year on year, latest RBI sectoral data for June 2026 showed. Personal loans also remained strong, rising 16 percent. Medium enterprises saw the fastest growth at 30 percent. Gold jewellery loans surged 93 percent, while credit card growth fell to just 2 percent.
Adani Airport Holdings is among 10 bidders for the second phase of the Catania airport privatisation in Sicily. The process started in 2022 with Mediobanca as the adviser. This deal could be worth up to 600 million euros. Many global firms showed interest as the airport serves as a key hub.
The Union Cabinet on Friday approved the continuation of the PM-KISAN scheme from 2026-27 to 2030-31 with a Rs 3.15 lakh crore outlay. Union Minister Ashwini Vaishnaw said the decision reflects the government's belief that "the prosperity of farmers forms the foundation of the nation's prosperity." This ensures continued income support.
Prime Minister Narendra Modi will inaugurate the Alluri Sitarama Raju International Airport at Bhogapuram in Andhra Pradesh on August 1. Built for over ₹5,640 crore, this modern facility handles 6 million passengers yearly. It uses advanced technology and sustainable designs to boost local trade, tourism, and jobs across the state.
Cognizant launched its first global Codex Hackathon with OpenAI for 10,000 associates across six Indian cities. The event, themed "Engineering the Frontier," helped staff build practical AI solutions. Colleen Kapase said, "Cognizant is bringing Codex to its workforce at significant scale." The company plans to involve 50,000 more associates soon.
The Reserve Bank of India on Friday directed banks to install note authentication machines at branches located near international borders. The central bank said, "efforts of some of the banks in the matter were not adequate." Staff must also get training on security features to help detect fake currency notes.
Coinbase shares fell 5.6% in premarket trading on Friday after the company reported a third straight quarterly loss. Bitcoin value dropped 27% in 2026, hurting crypto stocks. Analysts said, "We are encouraged that Coinbase is diversifying its business," as the firm now uses stablecoins and retail derivatives to support growth.
Apollo Micro Systems handed over an indigenously developed Safety & Detonation Device to the Indian Navy. The company said this move helps reduce procurement costs and boosts defence self-reliance. Following the news, shares of the company got a lift and settled 2.74 percent higher at Rs 388.45 per share today.
Tata Motors' proposed acquisition of Italy's Iveco Group has entered the final stage of regulatory approvals. The company expects to receive final clearance by the end of August. "The regulatory process is reaching its final stage," Iveco said. Tata Motors plans to launch its public tender offer in early September.
NCC won three new projects worth ₹1,052.71 crore in July 2026. These orders for its buildings and water divisions came after the company secured a ₹2,090 crore reservoir project from the Bihar government. NCC said these orders were received in the normal course of business, helping its order book grow.