Thermax Q1 profit plunges 83% as margins collapse despite higher revenue

Thermax reported an 83.4% decline in consolidated net profit for the quarter ended June 30. Profit fell to ₹25 crore as higher costs hit margins, even though revenue rose 6.7% to ₹2,303 crore. The company also started restructuring moves and secured a ₹400-crore data centre order in the US.

'Manthan 2.0' is here; M&M to shift into 'attack mode' amid global churn, says Anand Mahindra

Anand Mahindra said on Thursday that the world has entered "Manthan 2.0" amid global uncertainty. M&M will now move into "attack mode" to seize new opportunities. The company reported a 34% rise in profit to Rs 5,455 crore, as India gains global relevance through its manufacturing scale and stability.

Rupee rises nine paise to 95.67 against U.S. dollar

The rupee rose nine paise to 95.67 against the U.S. dollar on Thursday, July 30, 2026. This gain followed positive domestic equity markets and foreign capital inflows. While a softer dollar helped, volatile crude oil prices restricted the rise. Traders now watch U.S. economic data to see how the currency moves.

Stock markets end higher for second day led by buying in blue-chips, foreign fund inflows

Benchmark equity indices Sensex and Nifty ended higher on Thursday (July 30, 2026), driven by a rally in blue-chip stocks and foreign fund inflows. The Sensex rose 273.55 points to 77,928.15, while the Nifty gained 66.95 points. Investors used dips as buying opportunities despite global headwinds and sharp intraday market swings.

Bain-backed Dhoot Transmission eyes ₹2,250 crore IPO in early August

Bain-backed Dhoot Transmission plans a ₹2,250 crore IPO in early August. The company filed papers in February and got Sebi approval in May. The offer includes a ₹1,400 crore fresh issue and a stake sale by Bain Capital. This auto parts maker saw its revenue grow to ₹2,653 crore recently.

Vedanta Aluminium Q1 Results: Stock jumps 3% from lows on strong operating performance

Vedanta Aluminium shares jumped 3% from their lows on Thursday, July 30, after the company reported strong June quarter results. Net profit rose 33.8% to ₹5,629 crore, while revenue grew 12% sequentially. The firm also achieved its highest-ever quarterly production, showing solid growth as a new standalone entity this year.

'My biggest nightmare': Nithin Kamath of Zerodha warns of South Korea-like crash risk in Indian stock markets

Zerodha co-founder Nithin Kamath warned that margin trading funding poses a major risk to Indian stock markets. He said, "My biggest nightmare as a broker is what's happening in the Korean markets right now." Kamath fears that a sharp market correction could trigger forced selling, similar to South Korea.

US bond yield is global finance's Achilles heel: Uday Kotak after Fed meeting

The 30-year US Treasury bond yield hit a 19-year high on Thursday after the Federal Reserve kept interest rates steady. Uday Kotak said, "Players may take note of the new conductor of markets' symphony." Many investors worry about inflation as the Fed faces internal disagreements over future rate policy moves.

Dabur shares slide 2% as analysts stay cautious despite solid Q1 numbers

Dabur shares fell nearly 2 per cent on Thursday to trade around ₹425 on the NSE. Despite reporting a 15 per cent rise in net profit to ₹591 crore for Q1 FY27, analysts stayed cautious. They cited concerns over input costs and revenue momentum, keeping their ratings measured for now.

Planning to withdraw from your mutual fund SIP? Here's the impact on your financial goals - Withdrawing from your investments?

Withdrawing from mutual fund SIPs can significantly delay your long-term financial goals. ET Wealth reported that early withdrawals are most damaging because they reduce capital available for compounding. For example, a Rs 2 lakh withdrawal after three years delays your target by 8 months, costing you valuable time and growth.

Is government increasing Rs 21,000 wage ceiling for Employees' State Insurance Scheme (ESIC) coverage?

NK Premachandran asked in Lok Sabha on July 27, 2026, if the government plans to increase the Rs 21,000 ESIC wage ceiling. Shobha Karandlaje said the government revises the limit periodically, but she did not announce any new proposal. The last revision happened on January 1, 2017, for many workers.

Westlife Foodworld Q1 revenue climbs 12%; profit slips amid margin pressure

Westlife Foodworld reported revenue of ₹735.6 crore for the June quarter, up 12% from a year ago. However, net profit fell 52% to ₹0.59 crore due to margin pressure. The company plans to add over 60 McDonald's restaurants during FY27 as it works to improve its long-term growth and sales.