Sterling & Wilson is preparing an initial public offering of about ₹1,500 crore for its generator business subsidiary, Sterling Green Power Solutions. The company’s FY26 order book stood at about ₹2,900 crore, with provisional revenue of ₹1,167 crore and an operating margin of 11.5%. Shapoorji Pallonji’s stake has fallen to 42%, and Sterling Green has ceased to be its subsidiary, according to a CareEdge Ratings report. The IPO proceeds are expected to fund global and domestic capacity expansion, including a Dubai facility and a new plant in Pune.

India has lifted a four-year ban and approved exports of 5 million tonnes of wheat and 1 million tonnes of wheat products in 2026, as global wheat prices surge. CBOT wheat futures have risen more than 14% over the past month, alongside higher Middle East freight costs and drought concerns in Europe, the USA and Australia, bringing Indian wheat to export parity for Bangladesh. Wheat stocks in India’s central pool stand at 57.8 million metric tonnes versus combined PDS and buffer requirements of 28.5 million tonnes, and Delhi wholesale wheat prices rose 1.7% over the past month.

Gold and silver posted sharp gains this week, with Comex August gold up 1.3% to USD 4,070.8 per ounce and September silver nearly 5% higher at USD 58.90 per ounce, while India’s gold price rose 1.6%. Prices were supported after Brent crude briefly moved back above USD 100 per barrel following Houthi strikes on Saudi-owned vessels, alongside rising US-Iran tensions and the approaching July 29 Federal Reserve policy meeting, lifting safe-haven and inflation-hedge demand. China’s central bank also continued buying gold in May, adding to official-sector support.

AU Small Finance Bank reported Q1 FY2025 results with net profit up 37% year on year to Rs 796 crore, while net interest income rose 31.8% to Rs 2,695.5 crore. Provisions fell 30.3% and the bank said its asset-quality metrics improved year on year, with gross and net NPA lower than a year earlier. Deposits and loans increased 24% and 23% year on year, respectively. The bank set July 31, 2026 as the record date to determine shareholders eligible for a final dividend, if declared.

Tata Consumer Products said it will fully pass on any rise in raw material costs driven by the West Asia conflict or El Niño to consumers to protect profitability. The company has already raised tea prices and is staying cautious on items such as pulses, pending further developments in weather and geopolitical risks. While gross margins in its India business may face near-term pressure, it expects its full-year operating margin to expand by 50–70 basis points.

V-Mart Retail reported FY27 Q1 results (quarter ended June 2026), with net profit rising 40.5% year-on-year to Rs 47.21 crore and revenue up 23% to Rs 1,088.81 crore. During the quarter, the company opened 15 new stores and shut one underperforming outlet, taking its total store count to 591. The results outpaced market expectations, pointing to stronger operating efficiency and scale benefits as its value-retail model continues to gain traction in smaller cities.

Volkswagen has withdrawn its full-year revenue growth forecast and now expects sales revenue to fall by as much as 3%, citing rising tariff costs and intensifying competition from China. The automaker reported second-quarter operating profit of €3.5 billion, down 9.5% from a year earlier. Chief executive Oliver Blume is pushing a restructuring plan that includes proposals to cut about 100,000 jobs to improve cost competitiveness. The shift underscores the earnings pressure on German carmakers as they face electrification challenges alongside geopolitical and trade headwinds.

Motilal Oswal Financial Services reported a consolidated net profit of Rs 1,273 crore for Q1 FY27, up nearly 10% from Rs 1,162 crore a year earlier. Revenue from operations rose more than 25% to Rs 3,426 crore, while operating profit after tax reached a record Rs 1,513 crore. Asset management profit jumped 73% to Rs 245 crore, making up 40% of overall PAT, and total AUM increased 31% to Rs 2.12 lakh crore. Crisil upgraded the company’s long-term credit rating to AA+ Stable.

Japan’s Nikkei 225 fell 2.69% to 64,634.04 on Friday, taking its monthly loss to more than 7% and pushing it into technical correction territory. The decline followed a 7% overnight drop in Alphabet shares after the company flagged higher AI spending plans and faster cash burn, reigniting concerns over the sustainability of AI infrastructure investment. Semiconductor and AI-linked stocks led the selloff, with Advantest down 6.33%, Tokyo Electron down 5.43% and SoftBank Group down 7.42%.