SMS Pharmaceuticals posted Q1 FY2027 results for the quarter ended June 30, 2026, with consolidated net profit at ₹20.90 crore, up 16% year on year. Standalone net profit was ₹21.13 crore, also up 16%. Basic and diluted earnings per share were ₹2.23. The board approved the reappointment of Ramesh Babu Potluri as Chairman and Managing Director for five years from October 1, 2026, to September 30, 2031, subject to shareholder approval, and the company holds 99.99% of its subsidiary.

The International Energy Agency said the clean-energy transition will require more than USD 750 billion of investment in mining and refining through 2040. Copper accounts for the largest share at about USD 310 billion, followed by nickel at USD 280 billion. The IEA projects lithium demand to more than triple by 2040 and copper demand to rise by more than 25 per cent, adding around 7 million tonnes, while supply gaps for copper and lithium could persist through 2035. These dynamics underpin medium- to long-term price support for base industrial metals such as copper and nickel.

ITC reported a 27% year-on-year fall in standalone net profit for the first quarter of fiscal 2024, citing record cigarette taxation in India and weaker agribusiness exports amid the West Asia crisis. Revenue from operations rose 28% to ₹26,943.23 crore, but net revenue fell 14%. Analysts had expected net profit to decline by only 10–11%, while cigarette volumes slipped 6–7% year on year. ITC holds more than 75% of India’s legal cigarette market.

India’s content producer Optimystix Entertainment, known for shows including “Comedy Circus” and “Crime Patrol,” will open its initial public offering (IPO) on Aug. 7 to raise up to Rs 107.88 crore. The offer is priced in a Rs 165-174 per-share band, implying a valuation of Rs 405 crore. The IPO combines a fresh issue with an offer for sale by founder and promoter Vipul D. Shah. The company is not listed on any global major exchange, and the IPO is aimed solely at India’s capital market with no direct linkage to traditional stock indices or macro assets such as commodities, FX, or interest rates.

A handwritten note seen during the Camp David U.S.-Japan-South Korea summit indicated U.S. Treasury officials were considering buying $5 billion to $10 billion worth of Japanese yen. The photo was made public at 11:33 ET, and the dollar fell about 0.8% versus the yen over the next roughly 45 minutes, sliding from 158.9 to 157.6. The disclosure was described as the first U.S. signal of potential unilateral yen intervention since the 2011 G7 coordinated action, stoking expectations for a stronger yen.

MTN Nigeria Communications Plc reported a net profit of N707.5 billion for the first half of 2026, up 70.6% year on year. Service revenue rose 25.9% to N3.0 trillion, while EBITDA increased 39.2% to N1.67 trillion and the EBITDA margin improved to 55.9%. The company also declared an interim dividend of N26 per ordinary share.

Pakistan’s Oil and Gas Regulatory Authority (OGRA) said LPG prices will rise from August, setting the 11.8kg household cylinder at Rs3,001. The regulator also lifted the per-kilogram rate to Rs254 for August. In the oil market, crude futures fell in a single session as supplies continued moving through the Strait of Hormuz despite ongoing geopolitical strains. Even so, Brent and WTI were still on track for monthly gains of about 20%.

Canada’s real GDP rose 0.3% in May, outpacing economists’ expectations, and an advance estimate showed a further 0.2% increase in June, Statistics Canada said. The figures put second-quarter annualized growth on track to top 3%, above the Bank of Canada’s 2.5% projection. Brent crude averaged above US$100 a barrel in May, while Western Canada Select averaged US$83 a barrel. The combination of firm economic momentum and high oil prices has strengthened Canada’s energy-export performance and helped support Brent prices.