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Reliance Retail reported its June quarter revenue rose 7.4% to Rs 90,408 crore. However, profit after tax fell 14.2% to Rs 2,806 crore. The company said the drop happened because they spent many resources on the quick commerce business. These infrastructure investments also caused their EBITDA margin to fall to 7.9%.
The Central Board of Direct Taxes started showing foreign income and asset data in the Annual Information Statement this week. Taxpayers should check these details before filing their returns to avoid errors. Neeraj Agarwala said, "The taxpayer should retain adequate documentary evidence to substantiate the reporting adopted in the return."
Zepto’s IPO anchor book is nearing closure, with Norges and Motilal Oswal likely to take 40-45% of the portion. The company’s valuation is pegged at $5.1 billion for the issue. Three top Indian bankers also showed interest in the deal, which follows Zepto’s confidential pre-filing with Sebi in December 2025.
NLC India Renewables said on Friday that it appointed four investment banking institutions as book running lead managers for its proposed IPO. SBI Capital Markets, IIFL Capital Services, IDBI Capital Markets and HDFC Bank got the roles. This move helps the green energy firm list shares and grow its renewable capacity.
Shree Balaji (Mala) Textiles Ltd. IPO has a grey market premium of 27 percent ahead of its July 22 opening. The company aims to raise Rs 18.9 crore through this fresh issue. Investors showed interest as the shares trade at a Rs 19 premium, reflecting positive sentiment for the textile player.
Investors are paying over 100 times earnings for the top 10 Nasdaq 100 stocks with the highest P/E ratios. This high valuation showed that many people have big growth expectations for these companies. Experts said that looking at business fundamentals and market conditions helps to better understand these premium prices.
Ultraviolette Automotive targets 1,000 monthly sales by the end of 2026. The company plans to scale annual production capacity to 1.5 lakh units. CEO Narayan Subramaniam said, “Phase two will take us to 1.5 lakh units a year.” They also aim to double their retail experience centres to 100 this year.
Zepto is considering cutting its IPO size by 20% to raise $650-700 million. Investors pushed for this change due to valuation concerns, as the company now eyes a $3.5-4 billion valuation. One person said, “Domestic mutual funds have been pushing hard for a rationalised pricing” before the upcoming price band announcement.
Joel Tillinghast said, "People who have had success in other parts of their lives have difficulty accepting how much failure there is in the stock market." Many investors struggle when they face losses. He showed that accepting failure is a key part of building wealth and staying disciplined over time.
MakeMyTrip (India) Ltd has filed confidential papers with Sebi for a proposed initial public offering on Indian stock exchanges. The company said the move aims to boost its financial strength. MakeMyTrip expects to use the funds for long-term growth and strategic initiatives as travel demand in India continues to rise.
Poonawalla Fincorp reported a net profit of ₹308 crore for the quarter ended June 30, 2026, up from ₹63 crore last year. The firm saw its Net Interest Income grow 87.5% to ₹1,196.8 crore. CEO Arvind Kapil said, "This quarter marks another firm step in our journey toward sustained, predictable profitability."
RBL Bank reported a net profit of Rs 254 crore for the June quarter, beating analyst estimates. The profit grew 27 per cent compared to last year. Asset quality improved as bad loans fell to 1.3 per cent. Following the news, RBL Bank shares rose 1.4 per cent on Friday.