News

Nuvama on RIL

Buy, TP ₹1767

NE ecosystem to ramp up in 4–6 quarters; largest multidecadal growth driver.

Q1 EBITDA at INR429bn (+11% YoY), below est. on weak retail (+13%), O2C (+11%); PAT beat on one-off.

Highlights:

iii)                GH2 production on track to start before PLI deadline of FY27.

Macquarie on RIL

O-P, TP ₹1500

CLSA on ICICI BK

Nomura on ICICI BK

Bernstein on ICICI BK

Nuvama on ICICI BK

GS on ICICI BK

Morgan Stanley on RIL

OW, TP ₹1617

Jefferies on RIL

Buy, TP ₹1726

Nomura on RIL

Buy, TP ₹1,600

CITI on RBL BK

CLSA on RBL BK

IIFL On RBL BKHSBC on RILBuy, TP ₹1630

Foreign Portfolio Investors (FPIs), once the dominant force in Indian equities, continue to hold a significant stake in Indian companies—about 16% of the total market capitalisation at the end of June 2025.

While their aggressive selling has moderated in recent months, FPIs have yet to turn decisively overweight on India, which remains the world’s fifth-largest equity market by value.

Jefferies on Bandhan BK

Macquarie on Bandhan BK

CLSA on Bandhan BK

The Board of Sun TV Network Ltd. has approved the acquisition of a 100% equity stake in Northern Superchargers Ltd., a London-based cricket franchise that competes in The Hundred, a professional league run by the England and Wales Cricket Board (ECB).

Reliance Industries has started the financial year on a strong footing, with Chairman and Managing Director Mukesh Ambani saying the company will maintain its long-term momentum. “Reliance will continue its stellar track record of doubling every 4–5 years,” he said in a statement after the Q1 FY26 results.

Axis Bank’s unexpected spike in bad loans and provisions in Q1 FY26 that dented its profitability was not entirely the result of the bank’s own internal decisions.

CNBC-TV18 has learnt that a regulatory intervention by the Reserve Bank of India (RBI) prompted the bank to revisit its asset classification and stress recognition practices, particularly in its unsecured retail and small business loan portfolios.

Japan’s currency had dropped for two weeks, and bond yields spiked ahead of the vote on concern that a poor showing by Prime Minister Shigeru Ishiba would open the door to more spending and tax cuts. While the ruling Liberal Democratic Party and its partner lost their majority in the chamber, their final tally may be enough to keep Ishiba in the job.

Oil was little changed after its first weekly drop this month, with the focus on trade deal progress and the European Union’s efforts to curb Russian energy exports.

Brent crude held near $69 a barrel after falling 1.5% last week, while West Texas Intermediate was above $67. EU envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline.

Mastek Ltd posted a strong set of numbers for the first quarter of FY26, with net profit rising 28.7% year-on-year to ₹92 crore, compared to ₹71.5 crore in Q1FY25.

Dr. Reddy’s Laboratories received a Form 483 with seven observations from the USFDA following a GMP and Pre-Approval Inspection at its FTO 11 formulations facility in Srikakulam, Andhra Pradesh.

Retail-focused non-bank lender, L&T Finance Ltd, on Friday (July 18) reported a consolidated profit after tax of ₹701 crore for Q1FY26, a 10% sequential and 2% year-on-year rise, driven by robust growth in its retail portfolio and a focus on cost and asset quality.

State-owned engineering firm IRCON International Limited on Friday (July 18) said it has secured three major infrastructure contracts totalling over ₹1,869 crore, including two for Mumbai Metro projects from the Mumbai Metropolitan Region Development Authority (MMRDA), and one from Rail Vikas Nigam Limited (RVNL) for a railway project in Madhya Pradesh.

Reliance Retail Ventures, the consumer-facing arm of Reliance Industries, on Friday posted an 11.3% year-on-year (YoY) rise in consolidated revenue to ₹84,172 crore for the quarter ended June 30, even as the figure missed Street expectations. A CNBC-TV18 poll had estimated revenue at ₹87,800 crore.

Reliance‑backed Jio Financial Services and German insurer Allianz announced the formation of a 50:50 joint venture in India’s reinsurance market on Friday, July 18. Alongside this, both parties also signed a non‑binding term sheet to explore equally owned general and life insurance JVs in India.

Sona BLW Precision Forgings Ltd. (Sona Comstar) has announced a joint venture with China-based Jinnaite Machinery Co. Ltd. (JNT) to manufacture and supply driveline systems and components for automotive OEMs in China and global markets. The board of directors of Sona Comstar has approved the formation of the joint venture (JV), either directly or through its wholly owned subsidiary, with Hubei-based JNT.

ICICI Bank Ltd | The bank delivered a strong June quarter, with Net Interest Income rising 10.6% YoY to ₹21,635 crore and net profit up 15.4% YoY to ₹12,768 crore—both beating CNBC-TV18 estimates.

NLC India’s renewable energy subsidiary, NIRL, plans to go public in the second quarter of FY26. The IPO aims to raise around ₹4,000 crore to support the company’s expansion initiatives, according to a senior official.

Kalpataru Ltd reported a 41% year-on-year rise in pre-sales, reaching ₹4,531 crore in the last fiscal year. The growth was driven by strong demand for residential properties.

HDFC Bank Ltd | India’s largest private lender posted a strong June quarter, with Net Interest Income rising 5.4% YoY to ₹31,438 crore. The bank’s net profit stood at ₹18,155 crore, significantly higher than the CNBC-TV18 poll estimate of ₹17,067 crore. The bank also declared a 1:1 bonus issue and a ₹5 special interim dividend.

TRADE SET UP

Central Bank of India Ltd., the state-run lender, also reported results for the June quarter on Saturday, July 19.

Mumbai-based private lender, Yes Bank Ltd. reported its June quarter results on Saturday, July 19.

Private sector lender RBL Bank Ltd. reported results for the June quarter on Saturday, July 19, where a decline in core income hurt the lender’s profitability. NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.