Garden Reach Shipbuilders and Engineers Ltd. (GRSE) will announce its quarterly results on Friday, August 8, 2025. The Kolkata-based public sector undertaking operates under the Ministry of Defence and specializes in designing and manufacturing warships for the Indian Navy and Coast Guard. The company's trading window for designated persons has been closed since July 1 and will reopen 48 hours after the results announcement. In the previous quarter, GRSE reported strong performance with revenue increasing 62% to Rs 1,642 crore, net profit rising 119% to Rs 244 crore, and EBITDA margin improving to 13.5%. The company's shares have gained 71.13% in the last six months and 58.03% year-to-date, though they declined 9.83% in the past month. The stock hit a 52-week high of Rs 3,538.4 on June 23, 2025.

Capital market stocks declined for the second consecutive day, with BSE falling 3.2% to Rs 2,921.30, Angel One dropping 2%, and CDSL declining 2.7% to Rs 1,524.20. The selling pressure stems from reports that SEBI may introduce measures to curb speculative activity in derivatives markets, including potentially shifting from weekly expiry contracts to bi-monthly or monthly formats. Additional proposals under evaluation include raising margin requirements for options trading while easing them for cash trades, and revising Securities Transaction Tax with higher rates for options and lower rates for cash market trades. SEBI data shows retail investor net losses widened 41% to Rs 1.05 lakh crore in FY25 from Rs 74,812 crore in FY24, with 91% of retail traders registering net losses. The number of unique derivatives traders fell 20% year-on-year, though remaining 24% higher than two years ago.

Swiggy is looking to generate Rs 2,500 crore through the sale of its stake in Rapido. The food delivery company aims to monetize its investment in the bike taxi service provider.

Sirca Paints India Limited held an Extraordinary General Meeting on August 05, 2025, where shareholders approved the issuance of 20,11,000 equity shares on preferential basis to certain identified non-promoter persons through a special resolution. The meeting was conducted via video conferencing with 70 shareholders present, representing 39,166,848 shares or 80.04% of the capital. The resolution received overwhelming support with 99.9985% votes in favor and only 0.0015% against. The voting included both remote e-voting (conducted from August 2-4, 2025) and e-voting during the meeting. Pravesh Kumar & Associates served as the scrutinizer for the voting process, confirming that the special resolution was passed with requisite majority.

Allied Digital Services Limited secured a five-year contract worth Rs 420 crore from a leading European multinational pharmaceutical company. The agreement involves transforming digital workplace solutions for over 120,000 employees across 66 countries in the Americas, Europe, and Middle East. The contract scope includes deskside and hardware support, collaboration and meeting room technology management, audio-video platform support, and Installation, Move, Add, and Change (IMAC) services. Allied Digital will also establish dedicated IT experience centers in key regions. CMD Nitin D Shah stated this engagement validates the company's global capabilities in delivering large-scale transformative projects and solidifies their position as a trusted enterprise-grade solutions provider.

Indian benchmark indices Nifty and Sensex traded mixed as the Reserve Bank of India's Monetary Policy Committee unanimously kept the repo rate unchanged at 5.5%. Rate-sensitive sectors declined with auto and consumer stocks falling up to 1% each, while realty stocks dropped 2.33%. The Nifty Bank index fell 0.5% from its day's high. The RBI maintained its neutral policy stance and kept GDP growth forecast unchanged at 6.5% for the full year. However, the central bank lowered its Consumer Price Inflation forecast to 3.1% from 3.7% for the financial year. Governor Sanjay Malhotra stated the Indian economy is well-positioned in the changing global landscape. Piramal Group's Chief Economist expects a 25 basis points rate cut in the October meeting and revised the terminal policy rate estimate to 4.75% from 5% due to the sharp downward revision in inflation forecast.

National Securities Depository Ltd. shares began trading on BSE at Rs 880, marking a 10% premium over the Rs 800 issue price. The stock later climbed to Rs 911, representing a 13% gain from the issue price and 3.5% above the opening price. The IPO was entirely an offer for sale of up to 5.01 crore equity shares by existing shareholders including IDBI Bank, National Stock Exchange of India, and State Bank of India, expected to fetch up to Rs 4,012 crore. The company raised Rs 1,201.44 crore from anchor investors, with Life Insurance Corporation of India, Capital Group and Fidelity among prominent participants. The offering concluded on Friday and listed only on BSE.

NCC Ltd. shares ended a five-day decline, gaining 4.64% to Rs 220.8 despite posting weak quarterly results. The company secured new orders worth Rs 3,658 crore in the first quarter, representing 17% of its expected full-year order inflow of Rs 22,000-25,000 crore. Quarterly revenue declined 6.3% to Rs 5,179 crore, while net profit dropped 8% to Rs 192.14 crore, though margins improved slightly to 8.8% from 8.6%. The stock has declined 29.98% over 12 months and 20.41% year-to-date. Trading volume was 14 times the 30-day average. Of 15 analysts covering the stock, 10 maintain buy ratings, three hold, and two sell, with an average price target implying 23.4% upside.

Shares of Anil Ambani Group companies declined sharply as the Enforcement Directorate continues investigating alleged fraud. The ED questioned Anil Ambani for eight hours and plans to call him again within seven to ten business days. The probe centers on a 17,000-crore default, which the ED considers one of the biggest corporate loan frauds. Reliance Home Finance was worst affected, hitting a 5% lower circuit at Rs 4.36 per share. Reliance Power also fell 5% to Rs 42.94, while Reliance Infrastructure dropped 2.90% to Rs 273.2. The combined market capitalization of Anil Ambani Group companies declined by Rs 1,231 crore to Rs 28,829 crore.

The Supreme Court has permitted TATA Power to increase electricity tariffs in Delhi. The decision affects the company's pricing structure for power distribution in the capital city.

Allied Digital has secured a major contract worth ₹420 crore with a European pharmaceutical firm. The contract represents a significant business win for the company.

S&S Power Switchgear Limited's wholly owned subsidiary, S&S Power Switchgear Equipment Limited, has received a Letter of Award from Transrail Lighting Limited. The contract involves supplying 400KV Disconnectors for a project in Botswana, with an order value exceeding ₹5 crores. The delivery is scheduled to be completed within the current financial year. The awarding entity is a domestic company, and there are no related party interests or promoter group connections involved in this transaction.

Elon Musk's social media platform X has filed a lawsuit against India's government in Karnataka High Court, challenging the country's expanded internet censorship system. Since 2023, India has empowered thousands of government officials and police to directly submit content removal orders through a government website called Sahyog, launched in October. X argues these actions are illegal and unconstitutional, violating free speech by allowing suppression of legitimate criticism of public officials. The company cites around 1,400 posts or accounts that agencies ordered removed between March 2024 and June 2025, with over 70% of notices issued by the Indian Cybercrime Coordination Centre. The takedown orders targeted various content including misinformation, news reports about a railway station stampede that killed 18 people, and political cartoons mocking government officials. India's government contends its approach tackles unlawful content and ensures online accountability, stating that companies like Meta and Google support its actions. The case challenges the legal basis for both the Sahyog website and the IT ministry's 2023 directive that expanded takedown authority beyond the original two ministries to all federal and state agencies.

Bharat Electronics Ltd (BEL) and Ideaforge Technology shares gained up to 3% following the Defence Acquisition Council's approval of capital acquisitions worth Rs 67,000 crore for indigenous defence manufacturing. BEL shares rose 1.8% to Rs 393.45, while Ideaforge Technology surged 2.8% to Rs 450.90. The approved projects include procurement of indigenous medium altitude long endurance drones, autonomous surface vessels, mountain radars, and upgrades to infantry combat vehicles and air defence systems. Key defence companies including Adani Defence, Solar Defence & Aerospace Ltd, and Hindustan Aeronautics Ltd are expected to be frontrunners for these contracts. The MALE drones will carry multiple payloads and weapons for extended-range surveillance and combat missions, enhancing round-the-clock surveillance capabilities of armed forces.

GTPL Hathway Limited completed the acquisition of the remaining 49% equity stake in GTPL Vision Services Private Limited on August 05, 2025. The company acquired 1,00,000 equity shares of Rs. 10/- each from existing shareholders, converting GTPL Vision from a subsidiary to a wholly owned subsidiary. The transaction was completed at around 11:00 p.m. on the specified date.

NSDL shares did not list on NSE as NSE is a promoter and selling shareholder in the IPO. NSE held around 24% stake, exceeding SEBI's 15% ownership cap for market infrastructure institutions, requiring stake reduction through the offer for sale. The ₹4,011-crore IPO was subscribed 41.01 times with a price band of ₹760-800 per share. NSDL debuted on BSE at ₹880, representing a 10% premium to the issue price of ₹800, and traded at ₹906 after hitting an early high of ₹920. The company raised ₹1,201 crore from anchor investors. Other selling shareholders included SBI, HDFC Bank, IDBI Bank, Union Bank of India, and SUUTI. Market analysts suggested booking partial profits near listing levels while retaining some shares with a stop-loss around ₹850.

Pidilite Industries' board will meet on August 6 to consider issuing bonus shares to shareholders, marking the company's first such move since March 2010 when it declared a 1:1 bonus. The board will also review quarterly results alongside the bonus proposal. The adhesive manufacturer last issued free shares 15 years ago and has maintained regular dividend payments of ₹20, ₹16, and ₹11 per share in 2025, 2024, and 2023 respectively. The company conducted a share buyback in 2018 at ₹1,000 per share. For the June quarter, Pidilite is expected to report 9% revenue growth and 7.5% EBITDA growth, with volume growth projected between 8-10%. Shares are trading at ₹2,994, up 4.5% in 2025.

Maris Spinners Limited reported a net loss of Rs 45.34 lakh for the quarter ended June 30, 2025, compared to a net loss of Rs 68.03 lakh in the corresponding quarter of the previous year. The company's revenue from operations stood at Rs 3,996.84 lakh for the quarter, significantly lower than Rs 4,291.85 lakh in the same period last year. Total comprehensive loss for the period was Rs 45.34 lakh versus Rs 68.03 lakh in the previous year quarter. The company's equity share capital remained unchanged at Rs 792.48 lakh with a face value of Rs 10 per share. Earnings per share improved to negative Rs 0.57 from negative Rs 0.86 in the corresponding quarter. The company submitted these unaudited financial results to the Bombay Stock Exchange in compliance with listing regulations.

Umiya Holding Private Limited, a promoter group entity, acquired 13,800 additional shares of Umiya Buildcon Limited through open market purchases. The acquisition increased their shareholding from 67,75,896 shares (36.27%) to 67,89,696 shares (36.34%) of the total voting capital. The shares were acquired on August 5, 2025. Umiya Buildcon Limited was formerly known as MRO-TEK Realty Limited and is listed on both BSE (scrip code: 532376) and NSE (scrip code: UMIYA-MRO). The company's total equity share capital remains at 1,86,84,602 shares.

Promoter Amit Raj Sinha reported the invocation of pledged shares in Sigachi Industries Limited on August 1, 2025. Out of 25 lakh equity shares previously pledged on July 16, 2024, 10 lakh shares (0.26% of total share capital) were invoked. Following the invocation, Sinha's shareholding decreased from 2.35 crore shares (6.15%) to 2.00 crore shares (5.24%). His remaining pledged shares stand at 15 lakh shares (0.39% of total share capital). The promoter group includes multiple family members and entities, with total holdings of 13.85 crore shares (36.25% of share capital) after the transaction.

Sri Lotus Developers shares listed at ₹179.10 on BSE and ₹178 on NSE, representing a 19% premium over the issue price of ₹150. The Mumbai-based real estate developer raised ₹792 crore through a fresh issue of 5.28 crore shares. The company will allocate ₹550 crore to subsidiaries for new projects and investments, with remaining funds for general corporate purposes. Post-IPO, promoter holding will decrease to 81.9% from 91.81%. The company specializes in residential and commercial properties, focusing on redevelopment projects in Mumbai's western suburbs' ultra-luxury and luxury segments. It operates 13 ongoing or upcoming projects with 16.9 lakh square feet of saleable area, with 54% being redevelopment projects and 46% greenfield projects. Financially, the company reported PAT of ₹228 crore and revenue of ₹550 crore in FY25, compared to PAT of ₹119 crore and revenue of ₹462 crore in FY24. EBITDA margin expanded to 52.6% in FY25 from 34.2% in FY24.

The rupee strengthened 15 paise to 87.73 against the US dollar in early trade on Wednesday, supported by a weakening greenback as markets awaited the Reserve Bank's MPC meeting outcome. However, rising global Brent crude prices and foreign institutional investor outflows limited further gains. The rupee had previously hit an all-time low, closing 22 paise lower at 87.88 on Tuesday after US President Donald Trump renewed tariff threats on Indian goods over India's Russian oil purchases. RBI Governor Sanjay Malhotra's rate-setting panel is scheduled to announce the bi-monthly monetary policy on Wednesday after three days of deliberations. Market experts suggest the rupee may remain range-bound with RBI protecting the 88 level while foreign portfolio investors continue buying dollars. Brent crude rose 0.62% to $68.06 per barrel, while the dollar index declined 0.07% to 98.71. In domestic equity markets, BSE Sensex gained 113.41 points to 80,823.66 and Nifty rose 19.20 points to 24,668.75. Foreign institutional investors sold equities worth $22.48 crore on a net basis on Tuesday.

M&B Engineering shares listed at ₹385 per share on NSE and ₹386 on BSE, matching the IPO price. The steel roofing and pre-engineered building solutions company's IPO was oversubscribed 38.11 times overall, with QIB segment subscribed 38.63 times, NII 40.22 times, and retail investors 34.36 times. The ₹650 crore IPO included a fresh issue of ₹275 crore and offer for sale of ₹375 crore. The company operates through Phenix and Proflex divisions, has completed over 9,500 projects, and maintains annual capacity of 103,800 metric tonnes for PEB structures. Fresh capital will fund equipment, transport vehicles, IT upgrades, debt repayment, and corporate purposes.

High net worth individuals (HNIs) reduced their holdings in 11 stocks during the June quarter despite these stocks delivering double-digit returns. The most significant exit was from Swiggy, where HNI shareholding dropped from 10.62% to 3.53%, representing approximately Rs 5,400 crore in selling. Other notable exits included Nitco (Rs 1,800 crore selling), Waaree Energies (Rs 1,400 crore selling despite 30% gains), and Nazara Technologies where investor Rekha Jhunjhunwala fully exited. HNIs also reduced positions in Oriental Trimex, RIL, RBL Bank, and Nykaa, all of which posted positive returns. Meanwhile, HNIs increased investments in stocks like Kaveri Defence, where ownership rose from 24.61% to 47.99%. The total market wealth of HNIs grew 15.5% to Rs 9.32 lakh crore during the quarter. Top HNI holdings by value include RIL (Rs 28,000 crore), Infosys (Rs 25,000 crore), and HDFC Bank (Rs 24,000 crore). Analysts suggest mixed earnings outlook with some sectors showing weakness while others remain optimistic about long-term market prospects.

National Securities Depository Ltd (NSDL) shares listed on BSE at Rs 880, representing a 10% premium over the issue price of Rs 800 per share. The Rs 4,012 crore IPO was entirely an offer for sale of 5.01 crore shares and received strong investor response with overall subscription of 41.02 times. QIBs led the subscription at 103.97 times, followed by NIIs at 34.98 times and retail investors at 7.76 times. The anchor portion raised Rs 1,201.44 crore. NSDL is a Sebi-registered Market Infrastructure Institution serving India's dematerialized securities market with services including demat operations, trade settlements, and corporate actions. The company operates 3.94 crore active Demat accounts through 294 depository participants. NSDL reported 12% revenue growth to Rs 1,535.19 crore and 25% PAT increase to Rs 343.12 crore. The IPO was priced at P/E of 46.63 and price-to-book value of 7.98, with proceeds intended to provide liquidity to existing shareholders.

Mutual funds invested ₹5,294 crore in IPOs during the April-June quarter, with eight of nine companies being small caps. Top investments included Ather Energy (₹1,351 crore), HDB Financial Services (₹1,331 crore), and Schloss Bangalore (₹679 crore). Small cap funds led AUM growth at 20%, the highest among equity categories, reversing from the previous quarter's lowest position. In performance analysis of 335 equity schemes, 90% outperformed Nifty 50 TRI but only 41% beat their category benchmarks. Invesco Mutual Fund showed strongest benchmark outperformance with 81% of schemes exceeding category benchmarks. Sectoral allocation remained concentrated in Private Banks (30%), IT-Software (15%), and Pharmaceuticals (13.5%), while Telecom Services and Auto Ancillary gained positions in the top 10 sectors.

Britannia's quarterly earnings received cautious responses from analysts at Jefferies and Morgan Stanley, both highlighting competitive pressures affecting margins. The company reported 9.8% product sales growth with underlying volume growth estimated at around 4%. Double-digit growth was seen across four focus states and bakery categories including rusk, wafers, and croissants. However, gross margins showed lower-than-expected sequential expansion, causing EBITDA to fall below estimates. Management noted heightened competition across product categories and reported marginal consumption uptick in both urban and rural segments. Morgan Stanley maintained an 'Underweight' rating with a target price of Rs 4,850, citing margin miss due to competitive intensity. Both brokerages acknowledged the company's focus on sustaining growth through brand investments and product innovation while maintaining cautious outlook on profitability.

Bosch has announced plans to acquire Johnson Controls Hitachi through an open offer process. The acquisition will involve purchasing shares from existing shareholders through the open offer mechanism.

Blue Cloud Softech Solutions Limited successfully implemented its EduGenie digital learning platform at Corporate Commerce College in Hyderabad. The AI-powered platform provides real-time virtual training, adaptive learning, and integrates CRM-LMS modules for commerce education. The implementation generated ₹25 lakhs in revenue for the company. EduGenie enables students to attend live virtual classes and access recorded sessions, while offering personalized learning through AI-driven features that modularize lecture recordings and auto-generate Q&A sets. Chairman Janaki Yarlagadda stated the platform represents their vision for personalized, scalable, and intelligent education. Blue Cloud Softech, incorporated in 1991, operates as an AI and cybersecurity company with presence across multiple countries including India, UK, USA, UAE, Israel, France, Singapore, and Tanzania.

Anil Ambani requested seven days to provide documents and details to the Enforcement Directorate during a nine-hour questioning session regarding an alleged ₹17,000-crore loan fraud case. This marked his first interrogation by the ED under the Prevention of Money Laundering Act. The investigation focuses on suspected financial irregularities by companies linked to the Reliance Anil Dhirubhai Ambani Group, including alleged money laundering, illegal loan disbursals, and fund diversion. A Look Out Circular has been issued against Ambani in this case. Reliance Infrastructure stated the matter involves a ₹6,500 crore exposure that was publicly disclosed and has been settled through mediation, noting that Ambani has not been on its board since March 2022.

Seven state-run companies are reporting their June quarter results, including BHEL, IRCON International, RITES, HUDCO, Power Finance Corporation (PFC), Balmer Lawrie, and Shipping Corporation of India Land Assets. BHEL is expected to return to profitability with 22% revenue growth, while ordering activity is projected between ₹11,000-15,000 crore compared to ₹9,488 crore last year. BHEL shares gained 3% and are up 6.6% year-to-date. IRCON shares declined 10% in the last month and 20% year-to-date, with the company holding an order book of ₹27,208 crore. RITES shares fell 9% in the last month and 13% year-to-date, with March quarter revenue declining 4.3% to ₹615 crore but EBITDA rising 5.4% to ₹185.5 crore. PFC's Net Interest Income is expected to increase 16.2% to ₹5,028 crore with net profit projected up 7.5% to ₹3,999 crore, though shares are down 7.5% this year. HUDCO showed improved asset quality and 26.3% NII growth in March quarter, but shares declined 8% year-to-date.

Murae Organisor has fixed Thursday, August 7, 2025, as the record date for its bonus issue in the ratio of 1:10, meaning shareholders will receive one bonus share for every ten shares held. Wednesday marks the last trading day for investors to qualify for the bonus shares due to the T+1 settlement cycle. Investors must own shares by the end of Wednesday's trading session to be eligible. The company's bonus declaration reflects increased corporate action activity in the broader market and may indicate confidence in future earnings and intent to broaden its investor base. While bonus issues don't directly increase shareholder value as stock prices typically adjust downward, they improve liquidity and often lead to enhanced retail participation.

Gujarat Fluro announced plans to invest ₹1,200 crore in the EV sector and ₹400 crore in other areas during the current fiscal year. The company expects 25% growth in its fluoropolymers business for FY26 and aims to achieve 20,000 metric tonnes capacity in R32 refrigerant by the end of FY26. The company anticipates meaningful revenue from battery materials starting in FY27.

Torrent Power reported renewable energy capex of Rs 350 crores in Q1, with plans for significant acceleration in the second half of the year. The company has 3 gigawatts of solar projects in its pipeline. Management expects total capex of Rs 7,000-8,000 crores for FY26, with a slightly higher amount projected for FY27.

Transformers and Rectifiers (India) Limited submitted its monitoring agency report for the quarter ended June 30, 2025, regarding funds raised through a Qualified Institutional Placement. The report, prepared by India Ratings and Research Private Limited, confirmed no deviation from the stated objects of the QIP. The company raised INR 5,000 million through the QIP conducted from June 10-13, 2024, issuing 75,18,796 equity shares at INR 665 per share. During the quarter, the company utilized INR 200.53 million, bringing total utilization to INR 1,939.90 million, with INR 3,060.10 million remaining unutilized. The funds were allocated for business expansion through capital expenditure (INR 1,450 million), working capital requirements (INR 1,250 million), debt repayment (INR 613.80 million), inorganic growth and general corporate purposes (INR 1,574.35 million), and issue expenses (INR 111.85 million). Issue expenses exceeded the planned amount by INR 29.93 million, totaling INR 141.78 million, which was ratified by the Board of Directors. Unutilized proceeds were temporarily deployed in fixed deposits, mutual funds, and other investment instruments. The monitoring agency noted delays in implementation of more than three months, with completion now estimated for July 2026 instead of Fiscal 2025.

Aurobindo Pharma expects to surpass €1 billion in yearly revenues for Europe by FY26. The company anticipates strong EBITDA from Q3 due to the PLI project and projects around ₹150 crores in PLI incentives based on 7,000-8,000 tonnes production. The pharmaceutical company maintains its EBITDA margin outlook at 20-21% for FY26 and anticipates single-digit growth. Additional details will be provided in the November call.

The Indian rupee opened at 87.72 against the US dollar, showing an improvement from the previous closing rate of 87.80. This represents a strengthening of the rupee in the opening session.

Nitin Spinners reported that 35-40% of its sales come from higher value products, with fabrics contributing 22% and specialized yarns accounting for 15-20%. The company expects to maintain FY25 revenue levels in FY26 and anticipates EBITDA margins to remain around 14-15%. Management projects additional revenue of Rs 1,000 crores from new capacity expansion with an internal rate of return of 14-15%. The company is focusing on developing value-added products in both fabric and yarn segments.

Nifty 50 opened at 24641.35, down by 8.2 points or 0.03%. Nifty Bank opened at 55329.8, declining by 30.45 points or 0.06%.

Zerodha Fund House has launched a Multi Asset Passive Fund of Funds with a strategic allocation of 30% each to large cap and mid cap ETFs, 25% to gold ETF, and 15% to government securities ETFs. CEO Vishal Jain explained that the 40% combined allocation to gold and G-sec ETFs is designed to reduce portfolio volatility, with gold serving as a hedge during market turbulence and government securities providing stability. The fund targets beginners and investors seeking a diversified, low-maintenance investment solution. Jain emphasized that equal exposure to large caps and mid caps covers 80-85% of the Indian equity market, balancing stability with growth potential. The company plans to expand its solution-oriented products while maintaining focus on simple, broad-based passive funds as core portfolio building blocks.

DLF announced plans to invest approximately Rs. 5,000 crore annually in FY26 and FY27 for rental properties. The company is targeting 8-9 million square feet in offices and 1-1.5 million square feet in malls for leasing this year. DLF aims for Rs. 20,000-22,000 crore in pre-sales by FY26, having already achieved Rs. 11,500 crore in Q1. For its DCCDL rental business, exit rentals are expected at Rs. 5,900 crore by March 2026, with the total rental portfolio projected to reach Rs. 6,700 crore.

GPT Infraprojects has outlined its financial projections and growth targets. The company expects to maintain debt levels between ₹140-150 crores by year-end. Revenue growth is projected at 20-22% for the next 3-4 years, with specific targets of 22-23% growth in FY26. The company aims to achieve nearly ₹2000 crore revenue by FY27-28. EBITDA margins are expected to remain at 13% going forward. For the concrete sleeper segment, GPT Infraprojects projects revenues of ₹85 crore domestically and ₹140 crore on a consolidated basis for FY26.

Triveni Turbine anticipates revenue and order book growth for FY26, though the company expects flat performance in the first half compared to the previous year. Growth is projected to begin after 9 months, with notable growth expected in Q4. The company indicated that revenue will be delayed in FY26 due to order execution timing issues. Despite challenges in Q1, management remains optimistic about long-term growth prospects. The company plans to provide updates on the Organic Rankine Cycle market during its upcoming earnings call.

Azad Engineering has maintained its revenue growth outlook at 25-30% for FY26. The company expects EBITDA margins to be in the range of 33-35%, which will depend on product and segment mix. Depreciation is anticipated at Rs. 48 crore for FY26. The company indicated stronger growth possibilities once new facilities begin operations.

Surrey Police stated that the death of Sunjay Kapur, Chairman of auto components company Sona BLW Precision Forgings (Sona Comstar), is being treated as non-suspicious. Kapur, 53, died on June 12 while playing polo at Guards Polo Club in Surrey. His mother, Rani Kapur, has approached UK authorities seeking investigation into what she calls highly suspicious circumstances. A coroner's report referenced in media indicates the cause of death as left ventricular hypertrophy and ischemic heart disease, both related to heart attack. Rani Kapur's legal representative noted discrepancies, including no mention of a bee sting in the report despite earlier claims. Following Kapur's death, Sona Comstar appointed Jeffery Mark Overly as chairman on June 23. The company's shareholders approved the appointment of Kapur's wife, Priya Sachdev Kapur, as non-executive director on July 25. Rani Kapur has claimed majority shareholding in Sona Group based on a 2015 will, though the company states she has not been a shareholder since at least 2019.

More than a dozen Indian companies have launched or announced initial public offerings worth 187 billion rupees ($2.1 billion) in the two weeks leading up to August 12. This deadline marks the last day companies can use their audited financials from the March quarter in IPO filings. Indian rules allow financials up to 180 days old in IPOs, while U.S. SEC guidelines limit this to 135 days. Foreign investors prefer audited financial statements before committing capital. Around ten companies raised over 97 billion rupees ($1.1 billion) between July 25 and August 1, with more deals planned including Knowledge Realty Trust REIT, JSW Cement Ltd., All Time Plastics Ltd. and Highway Infrastructure Ltd. targeting over 90 billion rupees combined. The rush is driven by ample market liquidity and concerns about potential slowdowns due to U.S. tariff threats on Indian exports. Indian companies raised approximately $7.28 billion through IPOs from January through July and are expected to raise another $18 billion in the second half of 2025. Major upcoming offerings include Tata Capital Ltd. targeting $2 billion and LG Electronics' Indian unit planning a billion-dollar IPO.

Apple is expected to launch its iPhone 17 series on September 9, according to German publication iPhone-ticker.de, citing information from local smartphone providers. The launch would include four models: iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max. Pre-orders could begin September 12, with sales and deliveries starting September 19. This timeline aligns with Bloomberg's Mark Gurman's earlier reports suggesting the event would occur between September 8-12, with September 9 being most likely. Apple launched the iPhone 16 series on September 9 last year. Apple has not officially announced the launch date.

Takyon Networks debuted on the BSE SME platform with shares expected to list around the issue price of Rs 54 due to zero grey market premium. The Rs 20.48 crore IPO was oversubscribed 21.77 times, with non-institutional investors subscribing 37 times, retail investors 19.99 times, and QIBs 13.29 times. The company, established in 2009, provides IT infrastructure and networking solutions across education, government, defense, healthcare, telecom, and hospitality sectors. Headquartered in Noida with over 500 employees, Takyon reported 33% profit growth to Rs 6.96 crore in FY25, though revenue declined 4% to Rs 103.48 crore. IPO proceeds will fund working capital needs (Rs 10 crore), loan repayment (Rs 3 crore), and general corporate purposes.

OpenAI is in early discussions for a secondary stock sale that would allow current and former employees to sell shares at a $500 billion valuation. The company is targeting a sale worth billions of dollars, with existing investors including Thrive Capital showing interest in purchasing employee shares. This represents a significant increase from OpenAI's previous $300 billion valuation during a $40 billion financing round led by SoftBank Group Corp. The discussions follow OpenAI's recent completion of an $8.3 billion second tranche of that financing round, which was oversubscribed by approximately five times. OpenAI has recently launched new technology platforms and is preparing to release its GPT-5 model.