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LTM Q1 Results: Profit up 6%, margins top estimates despite flat revenue
LTM (formerly LTIMindtree) reported a steady June quarter, with profit rising nearly 6% and operating margins beating Street estimates despite largely flat revenue growth. Management remained optimistic, citing a strong order book and healthy demand pipeline.
Aditya Birla Group proposes $1.26 billion expansion of Odisha alumina refinery
Aditya Birla Group plans a significant expansion for its Odisha alumina refinery. The company will invest an additional $1.26 billion to triple its current capacity. This substantial investment will bring the total proposed expenditure to about $2.1 billion. The expansion project will be managed by the group entity Hindalco Industries. This development aims to significantly boost alumina production in the region.
SIF AUM jumps 29% to Rs 17,858 crore in June; inflows surge 171% MoM
Specialised Investment Funds saw assets grow significantly in June 2026. Total inflows into these funds also experienced a substantial increase. Hybrid Long-Short Funds continued their dominance within the SIF segment. The broader mutual fund industry also reported healthy investor participation during the month. SIP contributions reached a record high, indicating sustained retail interest.
Banks remain top sector bet, see value in IT at current valuations: UTI AMC's Vetri Subramanian
UTI AMC CEO Vetri Subramanian said banking and financial stocks remain his highest-conviction investment idea as favourable valuations, healthy balance sheets and sustained credit growth could support earnings growth and a valuation re-rating. He also said current IT valuations justify staying invested, with AI integration likely to create opportunities for Indian technology companies, while urging caution on sectors trading at elevated valuations such as defence.
Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.
Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.
Muthoot Microfin zooms 16% on strong Q1 biz update; stock hits 52-week high
Muthoot Microfin reported a healthy provisional business update for Q1FY27, with AUM rising 18% YoY to ₹14,457 crore, supported by continued portfolio expansion and strong disbursement momentum.
Paytm rallies 5%, fintech stock price nears 52-week high; here's why
Analysts at JM Financial Institutional Securities expect Paytm to report healthy Q1FY27 performance, led by strength in their respective core businesses.
Jewellery companies put shine on D-St with strong biz updates
Jewellery stocks surged significantly on Thursday, defying broader market weakness. Companies reported robust business updates for the April-June quarter, showcasing resilience. Senco Gold and Kalyan Jewellers posted strong revenue and same-store sales growth. Despite macroeconomic challenges, demand for organised players remained healthy. Investors are advised to focus on fundamentally strong, organised jewellery companies.
Laser Power & Infra IPO: Issue receives tepid response on Day 01, subscribed 0.17x; GMP signals healthy listing - livemint.com
Laser Power & Infra IPO: Issue receives tepid response on Day 01, subscribed 0.17x; GMP signals healthy listinglivemint.com
Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdge
Bank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond markets and overseas borrowings for funding. The Reserve Bank of India's policy measures make external funding more attractive for businesses. This shift will reduce reliance on traditional bank loans for corporate financing needs. Overall credit demand remains healthy, but banks will finance a smaller share.
TCS Q1 Results: Profit rises 5% YoY to Rs 13,349 crore; co declares Rs 12/share dividend
TCS Q1 Results: TCS reported a 5% year-on-year rise in Q1FY27 consolidated net profit to Rs 13,349 crore, while revenue grew 14% to Rs 72,275 crore. The company declared an interim dividend of Rs 12 per share, maintained a healthy order book of $9.5 billion, and continued to expand its AI-led business momentum.