Time to live the life on the slow lane
The deluge that's cooling oil prices despite the Iran conflict
Can Indian IT protect its high valuation as AI takes centre stage?
Engine fuel switches or something else? One month on, still no word on what crashed AI 171
As GenAI puts traditional BPO on life support, survival demands a makeover
Stock Radar: ITC Hotels hits fresh record high in July – time to buy or book profits?
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
These large- and mid-cap stocks can give more than 24% return in 1 year, according to analysts
Suited for the long term, even with headwinds: 8 stocks from healthcare & pharma sectors with upside potential of up to 39%
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Business Standard
27 minutes ago
- Business Standard
Q1 results today: ABB, Federal Bank, Finolex among 56 firms on August 2
Q1FY26 company results: Balaji Amines, Neogen Chemicals, Medplus Health Services, and Advanced Enzyme Technologies are also to release their April-June quarter earnings reports today Apexa Rai New Delhi ABB India, Federal Bank, Balaji Amines, Mirza International, Neogen Chemicals, and Finolex Industries are scheduled to announce their earnings report for Q1FY26. A host of other companies also expected to declare their Q1 results today include Medplus Health Services, Advanced Enzyme Technologies, Gujarat Ambuja Exports, Sarda Energy & Minerals, IKIO Technologies, Exxaro Tiles, and Utkarsh Small Finance Bank. Q1 results highlights from August 1 ITC: Cigarette-to-soap conglomerate ITC reported a 3 per cent year-on-year (Y-o-Y) rise in consolidated net profit at ₹5,244.2 crore for Q1FY26, driven mainly by its cigarettes and agri businesses, up from ₹5,091.59 crore a year earlier. Consolidated gross revenue grew 19.5 per cent to ₹23,129 crore, while net revenue stood at ₹21,495 crore — exceeding Bloomberg estimates. Sequentially, gross revenue rose 13.5 per cent from ₹20,376 crore. PC Jeweller: The jewellery maker reported a 4 per cent year-on-year (Y-o-Y) rise in consolidated net profit at ₹161.93 crore for the quarter ended June 2025, up from ₹156.06 crore a year earlier. Total income surged to ₹807.88 crore in Q1FY26, compared to ₹439.78 crore in the same period last year. Last month, the board approved a ₹500 crore equity infusion from promoters and Capital Ventures Pvt Ltd to prepay loans, aiming to become debt-free by the end of this fiscal. Market close highlights from August 1 Indian benchmark equity indices closed lower on Friday, tracking global jitters after US President Donald Trump announced fresh tariffs on several trading partners, including 25 per cent tariffs on Indian imports, effective August 7. While the adjusted tariff on India was maintained at 25 per cent, the move weighed on investor sentiment. The BSE Sensex declined 585.67 points or 0.72 per cent to end at 80,599.91, after trading between 81,317.51 and 80,495.57. The NSE Nifty50 fell 203 points or 0.82 per cent to settle at 24,565.35, with an intraday range of 24,784.15 to 24,535.05. Barring Trent, Asian Paints, HUL, ITC, Kotak Mahindra Bank, and Reliance Industries, all Sensex components ended in the red. The top laggards included Sun Pharma, Tata Steel, Infosys, Maruti Suzuki India, and Tata Motors, which declined between 4.43 and 2.41 per cent. List of firms releasing Q1 FY26 results on August 2 Saven Technologies Ltd Aanchal Ispat Ltd ABB India Ltd Ad-Manum Finance Ltd Advanced Enzyme Technologies Ltd AJAX Engineering Ltd Albert David Ltd AMJ Land Holdings Ltd Antariksh Industries Ltd Annvrridhhi Ventures Ltd Ashika Credit Capital Ltd Atvo Enterprises Ltd Balaji Amines Ltd Bhageria Industries Ltd Bharat Bhushan Finance & Commodity Brokers Ltd Birla Precision Technologies Ltd Damodar Industries Ltd Eraaya Lifespaces Ltd Epigral Ltd Exxaro Tiles Ltd Federal Bank Ltd Finolex Industries Ltd Gujarat Ambuja Exports Ltd GSL Securities Ltd HB Estate Developers Ltd HB Leasing & Finance Company Ltd IKIO Technologies Ltd Incap Ltd Indo Thai Securities Ltd Krishna Ventures Ltd Lead Financial Services Ltd Madhav Infra Projects Ltd Manbro Industries Ltd Mawana Sugars Ltd Medplus Health Services Ltd Milestone Furniture Ltd Mirza International Ltd Neogen Chemicals Ltd Patels Airtemp India Ltd Pet Plastics Ltd Pioneer Agro Extracts Ltd Prime Industries Ltd Real Growth Corporation Ltd Sarda Energy & Minerals Ltd Shivkamal Impex Ltd Sirca Paints India Ltd Sportking India Ltd Stylam Industries Ltd Tashi India Ltd Tirupati Finlease Ltd Urja Global Ltd Utkarsh Small Finance Bank Ltd Veljan Denison Ltd Vishnu Chemicals Ltd VL E-Governance & IT Solutions Ltd Zenith Fibres Ltd
Economic Times
27 minutes ago
- Economic Times
No Iron Don to protect D-Street, indices slump 1% under US fire
India's equity indices ended almost 1% lower on Friday, marking their fifth straight week of losses-the longest losing streak in two years-as concerns over the fallout of US tariffs on Indian exports weighed on sentiment. ADVERTISEMENT The NSE Nifty fell 0.8% or 203 points to finish at 24,565.35. The BSE Sensex moved 0.7% or 585.67 points lower at 80,599.91. Both indices declined 1.1% in the past week. "The structural long-term trend is dictated by the earnings, which are around expectations; however, the challenge is the lack of enough clarity on the tariff front, and this uncertainty is expected to linger," said Pankaj Pandey, head of retail research at ICICI Direct. "From that perspective, the market is lacking a near-term trigger for a decisive move." The recent losing run, initially triggered by fatigue after a strong rebound, has been exacerbated by Donald Trump's announcement that the US will impose 25% tariffs on Indian exports, along with an additional non-tariff penalty for buying crude oil and military equipment from said a pullback was due after Nifty's surge from 22,000 levels to almost 25,700 levels in the last couple of months. ADVERTISEMENT "The five consecutive weeks of losses in Nifty were marked by foreign selling with the overseas investors remaining 90% short on index futures-a multi-month low that added selling pressure amid tariff imposition concerns," said Nilesh Jain, head of derivatives and technical research at Centrum are watching whether the Nifty is able to hold above a key support of 24,000. ADVERTISEMENT "A further dip towards the 200-day moving average of 24,000 levels could be a short-term bottom, and investors can accumulate quality stocks," said Jain. "A sharp and sustainable rebound is expected around 24,000 levels, but it may take some more time to materialise." The Nifty Midcap 150 and the Smallcap 250 indices declined 1.3% and 1.6%, respectively, on Friday. Out of the 4,169 shares traded on the BSE, 1,297 advanced, while 2,718 declined. In the past week, the mid-cap index shed 1.9% while the small-cap index tumbled 3%. ADVERTISEMENT Pharma stocks were among the top losers on reports that Trump has asked 17 of the world's biggest pharmaceutical majors to lower prices of existing drugs. Sun Pharmaceutical Industries tumbled 4.5% on Friday, emerging as the biggest loser on the index, after the first-quarter net profit fell 20%. The Nifty Pharma index dropped 3.3%Foreign portfolio investors (FPIs) sold shares worth a net of ₹3,366.4 crore on Friday. Their domestic counterparts bought shares worth ₹3,186.9 crore. In July, overseas investors dumped shares worth 38,214.5 crore- the highest selling since February this home, the Volatility Index or VIX-the market's fear gauge-gained 3.7% to almost 12 on Friday, indicating traders expect higher risks in the near term. ADVERTISEMENT Elsewhere in Asia, South Korea tumbled almost 4%, while Hong Kong and Japan fell 1.1% and 0.7%, respectively. China and Taiwan declined around 0.5% each.
Time of India
27 minutes ago
- Time of India
Nayara looks inward as overseas options shrink
Squeezed by sanctions, Nayara Energy is said to have reached out to Indian state-run refiners and marketers, offering its export volumes of petrol and diesel to these companies, according to two sources aware of the development. "Nayara has offered to the oil marketing companies (OMC) the petrol and diesel volumes that they export since they may no longer be able to export that going forward," said a senior industry official aware of the development. The OMCs, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Nayara Energy did not reply to an email query. According to sources, Nayara Energy has also reduced run rates at its refinery, currently operating it at about 80 per cent. Nayara Energy runs India's second-largest single-location refinery in Vadinar, Gujarat, with a capacity of 20 million tonnes per annum. Nayara Energy delivers approximately 8 per cent of India's refining output and is currently expanding capacity to enhance its presence in the petrochemical and alternate energy sectors. The company, which has 6,300 retail outlets now, had plans to expand the network by over 50 per cent by 2030. But on July 18, the European Union member states introduced sanctions against Russia to target the oil and energy sector revenues. Since Russian oil and gas giant Rosneft has 49.13 per cent stake in Nayara Energy, the company was caught in the direct line of fire of the sanctions. The sanctions also complicate Rosneft's plans to divest its 49 per cent stake in Nayara. As part of the sanctions, the price cap on Russian oil was lowered by 15 per cent to $47.6 a barrel from $60. Also, sanctions were imposed on 'shadow fleet ships' that are largely used to move crude oil from Russia. Contesting the sanctions, Nayara reiterated its deep commitment to India's energy security and long-term growth, announcing plans to invest over '70,000 crore in the long term across petrochemicals, ethanol plants , and marketing infrastructure expansion, among other projects. Nayara has already set up a polypropylene unit in Vadinar, Gujarat, to diversify its product portfolio and become a prominent player in the high-growth petrochemical industry . Nayara Energy has invested over '14,000 crore since August 2017 in various projects in India, including upgrading existing refining facilities, investing in a new petrochemical plant, and other new infrastructure projects. "Nayara Energy will continue to invest over '70,000 crore in the long term towards petrochemicals, ethanol plants, marketing infrastructure expansion, and refinery reliability, including ESG projects," the statement said. "We are equally committed to community development, with an annual CSR budget of '200 crore dedicated to meeting the diverse needs of the communities we serve." On July 21, Nayara Energy said its operations are closely aligned with India's national priorities, as it contributes around 8 per cent to the country's total refining capacity, 7 per cent of India's retail petrol pump network, and about 8 per cent of polypropylene capacity. It also employs over 55,000 direct and indirect employees across the country.
