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PhonePe remains India’s largest payments platform, but Paytm is ahead on profits. In FY26, PhonePe’s revenue rose 11% to Rs 7,920 crore, but its loss widened 62% to Rs 2,792 crore. Meanwhile, Paytm grew revenue 22% to Rs 8,437 crore and posted a Rs 552-crore profit through better cost management.
Zebra Technologies is focusing on frontline AI to support workers in factories and retail stores. CEO Bill Burns said, "Frontline AI is a bigger opportunity than office-based generative AI." The company, which got $5.4 billion in 2025 revenue, uses these tools to help many people working in logistics and warehouses.
Kaynes Semicon plans a major expansion into the full chip value chain through global partnerships. Chief executive Raghu Panicker said, "The company plans to pursue these areas through joint ventures." They aim to submit project applications under the India Semiconductor Mission by mid-August, once the government opens the window.
IIT Madras director V Kamakoti said AI surveillance and multi-session NEET exams can restore trust in the National Testing Agency. He is part of a task force set up by Prime Minister Narendra Modi. Kamakoti said the biggest challenge is rebuilding trust in the people handling critical stages of the process.
India plans an Rs 80,000-crore incentive package to attract global companies for deepwater oil exploration. The government will fund up to half the cost of drilling exploratory wells to reduce risks. India is also auctioning eighteen deepwater and ultra-deepwater blocks, with the bid deadline set for September seventeenth.
The petroleum and natural gas ministry is planning an ₹80,000-crore incentive package to attract foreign investment into deepwater oil and gas exploration. The government may reimburse up to 50% of drilling costs for exploratory wells. This move aims to reduce risks and bring global companies with advanced technology to India.
Apple surpassed Nvidia as the world’s most valuable company on Monday, July 27. Apple shares gained over 1% to reach a $4.95 trillion market cap, while Nvidia shares fell 5%. Investors rewarded Apple for its cautious spending, as the company outperformed Nvidia’s 4% gain with a 24% rise in 2025.
Barclays said investors should stay away from Anheuser-Busch Inbev as shares face pressure. A new tax in Brazil and the end of the 2026 FIFA World Cup will likely hurt the beer giant. The bank noted that the recent boost in alcohol consumption during the tournament is only temporary for them.
India’s state-owned banks are rushing to sell bad loans before the RBI’s ECL framework starts in April 2027. Lenders want to clear legacy debt to hold higher provisions. Hari Hara Mishra said, “Sale to ARCs gives banks upfront payment and an immediate exit from a bad loan,” helping improve their balance sheets.
MarketSmith India shared stock recommendations for 28 July as the Nifty 50 rose 228.50 points to close at 23,995.95 on Monday. The index reclaimed its 50- and 100-DMA, showing strong buying interest. Many sectors like Media and IT performed well, while the advance-decline ratio showed that 2,259 stocks got gains.
AU Small Finance Bank hiked interest rates on FCNR(B) and NRE fixed deposits to attract more overseas funds. The bank raised its peak FCNR(B) rate to 7.40% and NRE rates to 7.60%. This move follows RBI measures from June 2026, which gave banks more flexibility to offer competitive deposit rates.
Waaree Renewable Technologies Ltd on Monday said it inked an early contract agreement to enter the Australia and New Zealand market. The firm will develop a large solar project with battery storage in New Zealand. Sunil Rathi said, "This agreement marks an important milestone in Waaree Renewable Technologies Ltd's international expansion strategy."