Short news for quality minds. Power your niche.Smartly curated short news for quality minds. Want your own niche feed? Integrate with us today.
Godrej Consumer Products reported a 19 per cent jump in Q1 revenue to ₹4,225 crore on Friday. The company got a boost from 9 per cent volume growth. Profits rose 11 per cent, and the board declared a ₹5 dividend. Strong sales in home and personal care helped the firm.
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.
Aurobindo Pharma is among eight stocks that hit 52-week highs on Friday. Even though the Sensex fell 455 points to settle at 78,499, these specific shares showed strong momentum. Many of these companies got a boost, with some stocks seeing a surge up to 20% in a single month.
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.
Former Syndicate Bank chairman Ajay Nanavati shared his 1977 Tata Group job offer, which showed a starting salary of Rs 960 per month. He chose the role to work at Bombay House despite having better-paying options. He said, "The lure of working at Tata, inside Bombay House, mattered more."
SBI Q1 profit rose 10% to Rs 21,121 crore as lower provisions and stronger NII boosted earnings. The bank’s operating profit expanded 9.77% to Rs 33,529 crore. Total income reached Rs 1.43 lakh crore, while gross NPA fell to 1.47%. Following these results, SBI’s share price rose 3% on Friday.
Global equity funds attracted fresh investor money for an 11th straight week in the week ended August 5. Investors poured a net $21.15 billion into these funds as strong corporate earnings and lower oil prices boosted confidence. Many investors also bought bonds, while money market funds got $57.48 billion in inflows.