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Nazara Technologies expects combined revenue to reach ₹3,500-4,000 crore in FY27 as Blue Tile powers growth. Founder Nitish Mittersain said the move provides certainty on valuations. The company also raised ₹733 crore through a preferential issue. Mittersain will step back from CEO duties to focus on long-term strategy and acquisitions.
Muthoot FinCorp got a perpetual Authorised Dealer Category-II forex licence from the Reserve Bank of India. This licence lets the company offer more services like currency exchange and multi-currency cards. It removes the need for periodic renewals, helping the firm serve many students, travellers, and businesses through its wide network.
Tata Chemicals shares rose up to 5% after the RBI retained Tata Sons in the Upper Layer NBFC list. Tata Chemicals holds a 3% stake in Tata Sons, valued at about Rs 20,000 crore. This value is more than the market capitalisation of Tata Chemicals stock, which helped the shares.
Bharti Airtel’s Nxtra Data is acquiring up to 85% stake each in Rochak Systems and Rovision Tech Hub. This move helps the firm reach its goal of 1 gigawatt capacity. Nxtra plans to use these new sites to build data centres, supported by external funding and major capital expenditure plans.
US President Donald Trump ordered 15% tariffs on imported polysilicon and solar panels starting Dec. 4. Signed on Thursday, the move sets minimum import prices to encourage domestic production. While officials hope this helps the US supply chain, many fear the fees will raise costs for renewable power developers nationwide.
SBI, Titan, and Ola Electric are among the companies to declare Q1 results 2026 today. Brokerage firms expect SBI to show steady credit growth. Titan likely saw jewelry demand growth despite some headwinds. Meanwhile, Kotak said, "We expect the company to report EBITDA loss of Rs2.1 bn in 1QFY27."
Around 60 per cent of nearly 600 realty projects in Kolkata should get clearance soon, CREDAI said on Thursday. Most remaining projects will likely get the green signal before August 15. Sushil Mohta said the government made "significant progress in a short time" to help restart stalled construction work across city.
Lyft beat revenue estimates for the second quarter on Thursday as record bookings reached $5.50 billion. However, higher spending on rider incentives caused net income to miss expectations. CFO Erin Brewer said, "what you're seeing really is an increase on a year-over-year basis is rider incentives." Marketing expenses surged 68% overall.
Crude oil futures traded higher on Friday morning after reports that Iran plans to ban US and Israeli ships from the Strait of Hormuz. Brent oil reached $83.49, while WTI crude hit $78.05. Experts said, "There doesn't seem to be much of a compromise," as tensions between nations grew.
Firmus raised $2 billion in equity this week, pushing its valuation above $10.5 billion. The company said the funds will speed up AI factory build-outs in Australia and Asia. Co-CEO Oliver Curtis said, "This investment allows us to move on multiple fronts at once," as the firm expands its infrastructure.
The Reserve Bank of India proposed higher housing loan limits and new exposure norms for rural co-operative banks on August 6. The draft rules allow banks with deposits over ₹10,000 crore to sanction loans up to ₹3 crore. These changes aim to give lenders more flexibility while managing financial risks.
Airbnb boosted its annual revenue forecast on Thursday after seeing strong travel demand in the US and Europe. The company said, “The uplift in revenue growth and margin reflects the strong demand on our platform.” Shares jumped 11% as many travelers used the site for homes, hotels, and local activities.