1d ago
ACC June-quarter profit drops 60% to ₹147 crore as costs rise and volumes fall
ACC reported a 60% year-on-year fall in net profit for the June quarter to ₹147 crore, while EBITDA declined 41% to ₹457 crore. Sales volume slid 7% to 10 million tonnes and revenue fell 8% to ₹5,790 crore. The company cited planned maintenance at larger integrated units, a higher master supply agreement (MSA) share with parent Ambuja Cements, and higher fuel and logistics costs linked to the West Asia conflict. It said the proposed amalgamation with Ambuja has received a SEBI no-objection certificate, is awaiting NCLT approval, and is expected to be completed during FY27.
1d ago
7-23
Nasdaq to immediately suspend and delist firms valued under $5 million for 30 straight sessions after SEC approval
The U.S. Securities and Exchange Commission approved a Nasdaq listing rule on July 23, 2026 that would immediately suspend trading and begin delisting proceedings if a company’s market value stays below $5 million for 30 consecutive trading days. The change is aimed at curbing manipulation and volatility in microcap stocks. Nasdaq has identified nearly 180 listed companies that currently sit below the threshold, and about a third are based in Asia. In 2023, 140 Nasdaq-listed companies fell below $5 million for 30 straight days.
7-23
7-23
Lohia Corp’s ₹1,102crore IPO opens July 23 with ₹404425 price band
Industrial machinery maker Lohia Corp launched its IPO on July 23, 2026, raising ₹1102 billion at a price band of ₹404–425 per share. The offer is entirely an offer-for-sale, meaning the company will not receive any proceeds. The issue includes allocations for QIBs, NIIs and retail investors, with anchor investors subscribing ₹492 billion. Lohia Corp reported FY26 revenue of ₹1717 billion and net profit of ₹193.45 billion, and the shares are set to list on BSE and NSE on July 30.
7-23
7-22
India’s gem and jewellery exports jump 26.51% in June to USD 2.21 billion on stronger gold jewellery demand
India’s gem and jewellery exports rose 26.51% year on year in June 2026 to USD 2.21 billion, led by gold jewellery exports that climbed 54.50% to USD 1.09 billion and polished lab-grown diamonds that increased 52.25%. A 10.28% month-on-month drop in international gold prices reduced input costs and helped exporters offer more competitive prices abroad. April–June 2026 exports were nearly flat in dollar terms at USD 6.61 billion (+0.04%) but rose 10.76% in rupee terms. Exports continue to face constraints from a technical regulatory issue linked to GST applicability on gold imports by RBI-notified nominated agencies.
7-22
7-21
India’s July 21 earnings round-up: ATGL Q1 PAT falls 14% as Bajaj Auto and TVS Motor post profit gains
On July 21, 2026, several listed Indian companies reported first-quarter results, with Bajaj Auto, TVS Motor, Granules India, Adani Energy Solutions and Mahindra Finance posting year-on-year net profit growth of 42%–124% that beat market expectations. Shares of some companies, including KVB, Sobha, UltraTech and Bandhan Bank, rose in response. Nifty50 ended down 0.21%, even as investors began reassessing the earnings quality of domestic manufacturing and financial stocks.
7-21
7-21
Nickel outlook tied to Indonesia’s 2026 RKAB quota plan as proposal targets 360 million tonnes
Indonesia is considering raising its 2026 RKAB nickel mining quota to around 360 million tonnes from 250-260 million tonnes, a move that would mark the first meaningful easing of supply restrictions this year if confirmed. Nickel is currently quoted at $16,950 a tonne, below earlier highs but above the 2025 average of $15,161/tonne. The International Nickel Study Group (INSG) forecasts a modest 32,000-tonne deficit in 2026, while BMI expects the market surplus to narrow to 154,000 tonnes. With Indonesia accounting for 60 per cent of global refined nickel supply, shifts in its policy remain a central driver for prices.
7-21
7-20
IOB profit jumps 49.3% in Q1; Mahindra Logistics up nearly fivefold; Shyam Metalics gains 21%; Sobha more than triples
On July 20, 2026, several Indian listed companies reported FY2026 first-quarter earnings, led by Indian Overseas Bank (IOB) with net profit up 49.3% year on year and Mahindra Logistics (MAHLOG) posting nearly fivefold growth. Shyam Metalics (SHYAMMETL) said net profit rose 21%, while Sobha (SOBHA) reported profit up more than threefold. Most companies also reported strong revenue growth, and some shares advanced on the day. The results collectively point to faster credit expansion in India’s banking sector and a rebound in profitability across parts of the manufacturing and infrastructure supply chain.
7-20
7-18
ISMA and NFCSF say ₹44–45/kg sugar price spike lacks fundamentals, cite comfortable supply and stocks
India’s sugar price has jumped to ₹44–45 per kg, but industry bodies ISMA and NFCSF said on July 17, 2026 the move is not backed by fundamentals because supply and inventories are comfortable. The groups said the industry will seek to start crushing for the 2026–27 season as early as possible to help stabilise the market. They also urged traders and buyers to avoid speculative buying and hoarding, and to stop spreading misleading information.
7-18
7-17
JSW Steel more than doubles June-quarter profit to ₹4,696 crore as realisations improve
JSW Steel reported FY27 June-quarter net profit of ₹4,696 crore, more than double the ₹2,209 crore posted a year earlier, helped by better realisations and lower finance costs. Revenue rose 10 per cent to ₹47,364 crore. EBITDA climbed 32 per cent to ₹9,373 crore, while EBITDA per tonne increased 27 per cent to ₹14,990. Net debt fell by ₹7,713 crore sequentially to ₹46,157 crore, and the company said it completed the Bhushan Power and Steel joint venture with JFE and commissioned the Vijayanagar BF-3 expansion.
7-17