Axis Bank reported a 4% year-on-year drop in net profit for the first quarter of FY25, closing the period with earnings of Rs. 5,806 crore. The dip in profitability comes despite a steady rise in net interest income (NII) and loan growth, as the bank increased provisioning and experienced a marginal dip in fee income. While core banking metrics remained stable, a combination of higher operating expenses and conservative risk provisioning dragged down the bottom line.

Wipro Ltd., one of India's leading IT services companies, reported a 9.8% year-on-year increase in consolidated net profit for the first quarter of FY25, reaching Rs. 3,336.5 crore. This rise comes amid early signs of stabilization in client spending across key markets, particularly in North America. The company’s revenue remained steady, with marginal growth, while cost optimization and productivity improvements contributed to the margin uptick.

Reliance Infrastructure Ltd (RInfra), a key player in India’s engineering and infrastructure landscape, has announced plans to raise up to Rs. 9,000 crore through a combination of equity and debt instruments. This ambitious capital raising initiative aims to significantly reduce existing liabilities and provide fresh impetus to the company’s infrastructure and energy ventures. By strengthening its financial position, RInfra seeks to navigate sectoral challenges, tap into emerging opportunities, and reinforce investor confidence.

DB Corp, one of India’s largest print media companies and publisher of leading regional newspapers, reported a 31% decline in consolidated net profit for the first quarter of FY26, which fell to Rs. 80.84 crore. The subdued performance was primarily attributed to tepid advertising revenues and higher operational costs, reflecting a challenging environment for the traditional media sector still navigating structural shifts and cyclical pressures.

Tech Mahindra has reported a robust 34% rise in consolidated net profit for the first quarter of fiscal 2026, with earnings climbing to Rs. 1,141 crore from Rs. 851 crore a year ago. Revenue also grew to Rs. 13,270 crore, reflecting steady demand for digital transformation and 5G-led services despite a globally cautious IT spending environment. Enhanced operating efficiencies and disciplined cost management helped strengthen margins, underscoring the company’s resilience.

State Bank of India, the nation’s largest lender, has formally launched its qualified institutional placement (QIP), setting the floor price at Rs. 811.05 per share. This capital-raising exercise is designed to bolster the bank’s equity reserves, supporting its expanding loan book and preparing for future regulatory requirements. The QIP has drawn considerable attention from institutional investors, reflecting confidence in SBI’s fundamentals and its strategic positioning in India’s evolving credit landscape.

Anthem Biosciences’ initial public offering has garnered extraordinary interest from investors, with the issue subscribed an impressive 63 times by the close of bidding. This robust demand reflects market optimism surrounding the company’s growth trajectory, operational strengths, and the broader appeal of India’s thriving biopharmaceutical sector. Both institutional and retail investors raced to secure allocations, signaling confidence in Anthem’s business fundamentals and its potential to capitalize on global demand for specialized research and manufacturing services.

Tech Mahindra's shares came under pressure following the release of its first-quarter earnings, which fell short of market expectations. The IT services major reported subdued performance across key financial metrics, reflecting continued demand softness in the global technology outsourcing sector. Revenue and profit margins remained under strain, particularly in the communications vertical, as clients delayed discretionary spending. The muted earnings prompted a decline in investor sentiment, resulting in a drop in the company’s stock price.

Cisco has clinched a pivotal deal to supply advanced networking equipment to Vodafone Idea, reinforcing its strategic footprint in one of the world’s fastest-growing digital markets. This agreement underscores Vodafone Idea’s commitment to modernize its infrastructure and prepare for heightened data demands, while also showcasing Cisco’s prowess in delivering scalable, next-generation solutions. As India’s telecom sector pivots towards 5G and enterprise-grade services, such collaborations are vital for both technological progression and long-term financial resilience.

In a significant financial maneuver, Nokia has sold its entire stake in Vodafone Idea for approximately Rs. 786 crore. This move underscores the Finnish telecom giant’s strategy to recalibrate its investment portfolio, potentially to focus on core growth areas such as 5G networks and enterprise solutions. The transaction also reflects broader investor sentiment around India’s telecom sector, which continues to wrestle with intense competition and mounting debt.