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JSW Steel’s consolidated profit for the June quarter more than doubled to Rs 4,696 crore. The company got a boost from higher revenue and lower finance costs. Shares climbed 1.4% on Friday as the firm beat market estimates. Many investors saw the steelmaker grow sales volumes to 6.25 million tonnes.
Reliance Industries reported its Q1 FY27 earnings on July 17. The company said it made a steady start despite global challenges. Jio added 8.9 million users, while Retail revenue rose 7.4%. Mukesh Ambani said, "The company is optimistic about FY27 as it moves ahead with the proposed Jio IPO."
The Indian Sugar & Bio-energy Manufacturers Association and the National Federation of Cooperative Sugar Factories Ltd. said on Friday that the current sugar price surge is unjustified. They confirmed stocks are comfortable to meet demand. “There is no justification for panic buying or speculative trading in the domestic sugar market.”
Chip stocks fell this week as investors pulled back from AI-exposed companies. The Philadelphia SE Semiconductor Index is down 11%, marking its largest one-week fall since March 2025. Toni Meadows said, "The pullback reflects profit-taking and rising scrutiny of AI capex sustainability." Many shares, including Nvidia, also got hit hard.
Reliance Industries made a steady start to FY27 with strong operating performance across its businesses in the June quarter. Chairman Mukesh Ambani said, "The upcoming IPO will be an important milestone in Jio’s journey." The company got a record consolidated profit of Rs 23,196 crore, showing growth of 6.1 percent.
Foreign promoters trimmed stakes in fewer Nifty-500 firms during FY26 compared to FY25. Data showed that 40 companies saw a reduction in foreign promoter stake, while 21 companies witnessed an increase. Despite FPIs net selling ₹1.80 lakh crore from Indian equities, these promoters showed more faith in the local market.
Domestic institutional investors invested nearly ₹9,809 crore this week as FIIs remained net sellers. DIIs extended their buying streak to eight sessions on Friday, purchasing equities worth ₹1,017.89 crore. Meanwhile, Indian benchmark indices rallied nearly 1% on Friday, led by gains in banking and IT stocks despite the broader market weakness.
MakeMyTrip pre-filed a draft prospectus for an initial public offering of its Indian subsidiary on July 17, 2026. The Nasdaq-listed firm said it plans to list shares through an offer for sale. This move aims to boost brand visibility and help the company attract top talent in a competitive market.
SpaceX’s $75-billion share sale fell below its $135 IPO price, touching $130.74 on Thursday. Many mega IPOs, including SK Hynix and Hyundai Motor India, showed similar trends after initial hype. While some companies rewarded investors, these large offerings often struggled to maintain value, leaving many people with only modest gains.
Reliance Industries reported strong June-quarter results as Jio Platforms moved closer to a public listing. Mukesh Ambani said, “The IPO will be an important milestone in Jio’s journey.” Meanwhile, Reliance Consumer Products doubled its revenue. Jio saw healthy earnings growth of 15% as digital services scaled up across India.
EPF withdrawals are not always tax-free for salaried employees. If you withdraw over ₹50,000 before completing five years of service, TDS is deducted at 10%. However, withdrawals after five years of continuous service remain tax-free. Many people use these funds during job changes, but rules vary based on your specific situation.
The 30-share Sensex rose 0.75% for the week, while the Nifty 50 gained 0.53%. Investors shrugged off West Asia tensions and bought shares on strong June-quarter earnings. Feroze Azeez said, "DIIs bought more than ₹10,000 crore, absorbing much of the selling pressure and helping the broader market remain stable."