Stocks in news: UltraTech, Eternal, RIL, ICICI Bank, HDFC Bank, Jio Financial
ADVERTISEMENT UltraTech Cement, Eternal, IDBI
Shares of UltraTech Cement, Eternal and IDBI will be in focus as the company will announce its fourth quarter results.
ICICI Bank
ICICI Bank, India's second largest private lender, reported a standalone net profit of Rs 12,768 crore, up 15% year-over-year compared to a profit of Rs 11,059.11 crore in the corresponding quarter of last year.
HDFC Bank
HDFC Bank, India's largest private sector lender, on Saturday announced its first-ever bonus issue, with the board approving the allotment of shares in a 1:1 ratio.
Yes Bank
Yes Bank reported a 59% growth in its Q1FY26 standalone net profit at Rs 801 crore versus Rs 502 crore in the year ago period.
RBL Bank
Private sector lender RBL Bank on Saturday reported a standalone net profit of Rs 200.33 crore for the first quarter ended June 2025, a 46% year-over-year decline
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RIL
Mukesh Ambani-led Reliance Industries (RIL) reported a 78% growth in its Q1FY26 consolidated net profit at Rs 26,994 crore versus Rs 15,138 crore in the year ago period.
Sona Comstar
Sona Comstar entered China EV market via JV to manufacture driveline systems with Jinnaite Machinery (JNT) in China.
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Punjab & Sind Bank reports
Punjab and Sind Bank reported a net profit growth of 48% to Rs 269 crore in the first quarter.
JK Cement
JK Cement's net profit rose 75% to Rs 324 crore in the first quarter, while revenues increased 19% to Rs 3,352 crore.
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Warbug Pincus
Warbug Pincus (Currant Sea Investments B.V) received RBI approval for its proposed 9.99% investment In IDFC First Bank
Jio Financial
Jio Financial to form 50:50 reinsurance joint venture with Allianz.
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Dr Reddy's received seven USFDA observations after Srikakulam plant inspection.
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India.com
13 minutes ago
- India.com
No Rafale or F-35! Army Demands Rs 1.12 Lakh Cr Defence System, Gets Only Rs 36,000 Cr
New Delhi: After Operation Sindoor, India's defense upgrades are speeding ahead like a bullet train. With over Rs 3 lakh crore being pumped into military modernisation, the government is on a mission to acquire or indigenously develop fighter jets, submarines and advanced missile systems. One by one, big-ticket purchases are being cleared, and the pace is relentless. Earlier this month, the Ministry of Defence approved military procurements worth over Rs 1 lakh crore in one go. Among them, Rs 44,000 crore has been set aside for 12 Mine Counter Measure Vessels and Rs 36,000 crore has been sanctioned for six regiments of the Quick Reaction Surface-to-Air Missile system, better known as QRSAM. These six QRSAM regiments will be split evenly between the Indian Air Force and the Army. But here is the twist. This is only a fraction of what the armed forces actually asked for. The Army had demanded 11 regiments. What they got was only three. The Air Force's separate demand? Also unmet. If both services were to receive the full complement, 11 regiments each, the total cost would have soared to Rs 1.12 lakh crore. But the government stopped short. Enter the 'Baby S-400' Apart from being a missile defense system, QRSAM is being nicknamed the 'Baby S-400'. India already has three operational regiments of Russia's S-400 system and expects two more by next year. But defense planners know that S-400s and indigenous Akash systems alone cannot transform the country into a secure fortress. The threat matrix has changed. China is watching, and so is Pakistan. And they are not standing still. Operation Sindoor proved India's air defense muscle. But it also exposed gaps, ones that Pakistan tried to exploit through waves of drone incursions, many supplied by Turkey and China. Hundreds were launched. All were neutralised. But the lesson stuck – air defense needs to be multi-layered, relentless and everywhere. That is where the QRSAM fits in. Designed by the Defence Research and Development Organisation (DRDO), it is built to intercept fighters, drones and helicopters within a 30 km radius. Not as long-range as the S-400's 400 km or Akash's 100-200 km reach, but perfect for quick and short-range airspace protection in dense threat environments. More importantly, it's Indian-made, fast, precise and combat-ready. Not Enough for a Fortress At Rs 6,000 crore per regiment, scaling up to the Army's full demand alone would cost Rs 66,000 crore. Add the Air Force's likely mirror request and you are staring at a Rs 1.12 lakh crore bill. Expensive? Yes. But what is the price of making the skies over India completely off-limits to 5th-gen fighter jets, drones, cruise missiles or worse? With full deployment, India's air defense would shift from deterrence to denial. Nothing would be able to breach the perimeter. During Operation Sindoor, India's air defenses held. But in military planning, holding is never enough. The military is not asking for luxury, it is asking for survivability. Against future drone swarms, supersonic fighters or long-range missile salvos, six regiments are just a start. If the government greenlights the remaining 16 regiments, the Army and the Air Force both, it would send a message that India is preparing. And once QRSAM rings the nation's skies, even the birds will need clearance to fly.
Time of India
25 minutes ago
- Time of India
Good if US trade pact sealed by August 1, but nation first: Piyush Goyal
Commerce and industry minister Piyush Goyal on Sunday said it would be good if India and the US can do a trade agreement before August 1 but New Delhi's priority is to protect its national and public interests. "Koi deadline ke hisab se Bharat negotiate nahi karta (India doesn't negotiate its trade agreements based on deadlines)," Goyal added at an event in Mumbai on the opportunities for exports in the UK market following the bilateral free trade agreement. Explore courses from Top Institutes in Please select course: Select a Course Category Product Management Management Healthcare Data Analytics Data Science healthcare Design Thinking Public Policy Leadership Degree Operations Management Digital Marketing PGDM Artificial Intelligence Data Science Technology Others CXO Project Management Finance Cybersecurity MBA others MCA Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details He was responding to a question about the August 1 deadline when the US' reciprocal tariffs imposed on most countries, including India, are expected to come into force. The minister said the talks are going well with the US and India will do a good bilateral trade agreement (BTA) by October-November. American trade negotiators are slated to visit India in August for the next round of negotiations for the proposed BTA, the first tranche of which is aimed to be concluded by October. The fifth round of talks concluded in Washington last week. The countries aim to more than double bilateral trade to $500 billion. The two sides were working to finalise an interim trade deal before August 1. "Our discussions with the United States are progressing very well. I am fully confident that by the October-November 2025 timeline, we will secure a good agreement," Goyal said. This was his first outreach programme with industry after the India-UK Comprehensive Economic and Trade Agreement (CETA) was signed on July 24. Exporters from gems and jewellery and marine sectors, among others, participated in the event. "It is the most comprehensive free trade agreement India has ever entered with 30 chapters, including environment, gender, anti-corruption," Goyal said about CETA. "It has so many positives and new things that today the world wants to do business with India." He said India is in the process of finalising trade agreements with developed countries with whom it doesn't compete but complement. Whether it is New Zealand, Oman, the US, or the EU, India's agreements will be made with a "well-thought-out strategy" as the country negotiates from a position of strength and confidence, the minister said. He alleged that the previous UPA government had left Indian trade, farmers and fishermen to the mercy of a non-market economy by its move to join the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement between Asean countries and China, Japan, South Korea, Australia and New Zealand.
Time of India
27 minutes ago
- Time of India
Amid FDI slump, focus turns on chemical, leather and electronics
The government has identified chemicals, ESDM (electronics system design & manufacturing), leather and footwear as sectors in which it wants to attract more foreign direct investment (FDI). It's also working with states on a larger plan to encourage investment from overseas. The efforts come as FDI equity inflows dropped 24.5% to $9.34 billion in the March quarter from the year before. Net FDI inflows were $35 million in May, 98% lower from the year before and 99% lower than the $3.9 billion in April 2025. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Leadership Digital Marketing Data Science Project Management Public Policy MBA healthcare Others PGDM Product Management Operations Management Artificial Intelligence Healthcare Management Data Science Data Analytics Finance MCA Technology CXO others Degree Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details "Invest India has identified some sectors and the department is also focusing on some," said an official. "There is a push to diversify supply chains and talks are happening even at the state level." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas in Dubai | Search Ads Get Info Undo The key sectors attracting the maximum inflows include services, computer software and hardware, telecommunications, trading, construction development, automobile, chemicals and pharmaceuticals. Live Events Certain toy companies, as per the official, are keen to shift a part of their supply chains to India. The Department for Promotion of Industry and Internal Trade (DPIIT) is discussing ways of attracting FDI with Andhra Pradesh and Karnataka, the official said. "UP, Odisha, MP and Maharashtra are picking up in FDI," the person added. The exercise is significant as India seeks to achieve an annual FDI of $100 billion from $70-80 billion now. Jan Vishwas Continuing with its efforts toward ease of doing business, the official said a cabinet note on the Jan Vishwas 2.0 legislation to decriminalise and deregulate certain laws, is in the final stages. The bill is scheduled to be introduced in the ongoing monsoon session of parliament. The Jan Vishwas (Amendment of Provisions) Bill 2025 seeks to promote ease of doing business and improve regulatory compliance and more than 100 provisions in various laws could be decriminalised to further reduce legal complexities and the compliance burden. "We have completed inter-ministerial consultations and the cabinet note is in its final stages," the official said. Under the Jan Vishwas (Amendment Of Provisions) Act 2023, around 183 provisions in 42 Acts related to 19 departments were decriminalised. Overall, more than 40,000 compliances across the country have been eliminated or simplified and there is a significant push to reduce the burden of criminalisation of many laws.
