India

Jio Platforms, the digital arm of Reliance Industries, reported a 25% year-on-year rise in net profit for the quarter ended June 2025, reaching Rs. 7,110 crore. The robust performance was underpinned by sustained growth in subscriber additions, improved ARPU (average revenue per user), and cost efficiency measures. Revenue for the quarter stood at Rs. 26,750 crore, reflecting an 11% increase over the previous year. Jio continues to consolidate its position as India’s largest telecom player, with a focus on high-margin digital services and deeper rural penetration.

Reliance Retail Ventures Ltd. has acquired the rights to the iconic Kelvinator brand in India, marking a significant step in its continued expansion into the fast-growing home appliances sector. The deal grants Reliance perpetual ownership of the brand across a broad range of product categories, positioning the conglomerate to challenge established players in refrigerators, air conditioners, and kitchen appliances.

GNG Electronics, a fast-rising player in India’s electronics manufacturing services (EMS) sector, has announced its initial public offering (IPO) with a price band of Rs. 225 to Rs. 237 per equity share. The IPO is aimed at funding the company’s capacity expansion, improving its working capital, and accelerating its transition into a major contract manufacturer for diversified sectors.

In a strategic effort to sharpen its focus on core infrastructure operations and reduce debt, the Adani Group has sold a 20% stake in its fast-moving consumer goods (FMCG) arm, Adani Wilmar, for Rs. 7,150 crore. The divestment is aligned with the group’s broader capital recycling initiative aimed at optimizing its portfolio following recent regulatory scrutiny and global investor expectations. The transaction, executed through block deals, marks one of the group’s largest non-infrastructure-related stake sales and signals a continued shift toward capital efficiency and sectoral clarity.

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.

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.