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Ola Electric reported a Q1 loss of Rs 336 crore, while revenue fell 45% year-on-year to Rs 455 crore. The company said it streamlined operations and lowered costs after its FY26 reset. Deliveries nearly doubled from the previous quarter, and market share improved to 8.4% as many customers bought their scooters.
The RBI proposed major changes to how non-banking financial companies offer revolving credit facilities to retail customers. These firms must now provide term loan-like products instead of flexi loans or overdrafts. This rule aims to ensure credit follows a clear repayment structure, as repaid amounts will no longer be available again.
Hindalco Industries Ltd beat Q1 estimates as net profit jumped to ₹7,013 crore. Managing director Satish Pai said, "We are going to be a lot more financially prudent." Despite strong results, the firm remains cautious about bauxite auctions. It will avoid paying high premiums to keep production costs under control.
Union Minister Nitin Gadkari said only 84 wayside amenities have EV charging stations on India’s highways. Rajasthan leads with 20 facilities, followed by Haryana with 18. While the government plans these sites every 40 to 60 km, many states saw no new charging points added during the 2025-26 financial year.
Karnataka MPs and areca growers met Union Home Minister Amit Shah in Delhi on Friday. They urged him to stop illegal arecanut imports, which hurt native farmers. The delegation said growers already face high costs and crop diseases. They asked for stricter checks at borders to protect the local market.
Congress leader Rahul Gandhi on Friday called E20 a "big issue" and said the fuel is destroying vehicles. He alleged that the blended petrol is stealing from citizens and linked it to corruption. Meanwhile, Union Minister Hardeep Singh Puri said India’s fuel network remains stable and resilient despite recent concerns.
Kaynes Technology India Ltd reported a net profit of ₹56 crore for the first quarter of FY27, which fell 24.4% from last year. Although revenue grew 40.5% to ₹946 crore, the profit missed market estimates. Shares of the company ended at ₹3,850.00, up by ₹28.00 on the BSE Friday.
Garuda Aerospace, Naini Papers, and Adroit Industries India got SEBI approval to launch their IPOs. SEBI issued observations on their draft papers in August 2026. These companies can now proceed with their fund-raising plans within one year. Garuda Aerospace aims to raise Rs 1,000 crore through its new share issue.
US stock futures edged higher on Friday as investors awaited a key employment report. Dow futures rose 27 points, or 0.05%, while S&P 500 futures gained 0.14% and Nasdaq 100 futures advanced 0.39%. Upbeat forecasts from Microchip Technology and Atlassian also supported sentiment as traders watched for Federal Reserve policy changes.
Inox Green Energy Services reported an 86% jump in consolidated profit to ₹41 crore for the quarter ended June 30, 2026. The company said it expects to complete the acquisition of Wind World’s 4.5 GW O&M portfolio in Q2FY27. Revenue grew as the firm expanded its total service portfolio.
Hitachi Energy India reported a net profit of ₹294.2 crore for the April-June quarter, more than doubling from last year. Revenue grew 68.6% to ₹2,493.7 crore, beating estimates. Managing Director N. Venu said the performance reflected "strong market momentum driven by investments in energy transition and energy security in India."
Titan reported a 62.88% increase in its Q1FY27 consolidated net profit to Rs 1,777 crore. Revenue from operations also rose 40.32% to Rs 20,787 crore. The jewellery business remained the biggest growth driver. Titan said stable gold prices, strong festive demand and its jewellery exchange programmes supported healthy growth across key categories.
Samvardhana Motherson shares rallied nearly 10% to hit a fresh 52-week high of Rs 169.80 on the NSE. Brokerage houses raised their price targets, citing strong growth in the non-auto segment. "We expect sustained margin improvement with operating leverage," said Nomura. The company also saw gains from its recent acquisitions.