🗞️ Daily Business Brief – JULY 02 , 2026
- Marico expects consolidated Q1FY27 revenue growth in the early twenties, supported by strong performance across India, digital and international businesses. India business reported double-digit underlying volume growth with Parachute delivering a multi-quarter high.
- Coal India supplied 51.44 MT of coal to power plants in June, up 5.9% YoY, driven by higher electricity demand during the peak summer season.
- Adani Enterprises launched a Qualified Institutional Placement (QIP) to raise up to ₹10,000 crore for future growth and expansion.
- LG Electronics India received relief after GST authorities dropped a proposed tax demand of ₹116.72 crore for FY22.
- Sterlite Technologies successfully raised ₹1,500 crore through a QIP with participation from domestic and global institutional investors.
- Punjab National Bank reported Q1FY27 total business of ₹29.99 lakh crore, up 10.32% YoY, with advances growing 12.85% and deposits rising 8.52%.
- Varun Beverages announced the merger of South African subsidiary Twizza into Bevco without any cash consideration or fresh share issuance.
- Ujjivan Small Finance Bank reported 25.1% YoY growth in deposits to ₹48,307 crore, with CASA deposits rising 37.8%.
- CSB Bank reported 26% YoY growth in total deposits to ₹45,415 crore, led by healthy term deposit growth.
- PC Jeweller posted approximately 21% YoY revenue growth in Q1 while reducing debt by over 90%; management expects to become debt-free this quarter.
- PB Fintech witnessed a block deal as Temasek’s MacRitchie Investments planned to sell a 2.6% stake worth approximately ₹1,908 crore.
- AWL Agri Business saw AustralianSuper sell a 1.3% stake through a block deal valued at around ₹297 crore.
- Bank of Baroda agreed to an out-of-court settlement of ₹5,700 crore in the long-running NMC Health dispute.
- Ajanta Pharma received a Voluntary Action Indicated (VAI) classification from the USFDA for its Paithan manufacturing facility.
- Power Grid is set to receive an ¥80 billion funding package from JBIC and Japanese banks.
- NBCC secured fresh orders worth ₹955.13 crore during Q1FY27.
- Tata Technologies rallied after expanding its partnership with Tenneco through a $100 million engineering services agreement.
- Kernex Microsystems successfully commissioned the KAVACH 4.0 railway safety system on a 207-km North Central Railway section.
- Reliance Industries committed ₹6,500 crore towards compressed biogas (CBG) infrastructure and targets 500 plants over the long term.
- Maruti Suzuki inaugurated its Kharkhoda manufacturing facility with an investment of ₹35,000 crore. The plant has an initial capacity of 5 lakh units, expandable to 10 lakh units, and operates entirely on renewable electricity.
- Adani Enterprises will form a 50:50 joint venture with IRH to develop an $11.5 billion aluminium project in Odisha.
- Inox Clean Energy received a ₹700 crore investment from the Poonawalla Family Office at a valuation of ₹70,000 crore.
- YES Bank received regulatory relief after NSE lifted restrictions on YES Securities onboarding new clients.
- Hindustan Zinc achieved its highest-ever Q1 mined metal production of 268 KT, while refined zinc output increased 6% YoY.
- Brainbees Solutions announced that subsidiary Swara Baby filed DRHP for a proposed ₹1,000 crore IPO.
- Cochin Shipyard is likely to receive Navratna status, enhancing its financial and operational autonomy.
- Central Bank of India reported total business growth of 18.36% YoY to ₹8.34 lakh crore, with advances rising nearly 29%.
- Union Bank of India reported advances growth of 12.5% YoY while maintaining a healthy CASA ratio above 35%.
- Bajaj Finance reported AUM growth of 24% YoY to ₹5.47 lakh crore and booked over 16 million new loans during Q1.
- UCO Bank posted total business growth of 15.46% YoY with advances rising 21.33%.
- Avenue Supermarts (DMart) reported standalone revenue growth of 15.14% YoY with store count increasing to 503.
- Bajaj Housing Finance reported 24% YoY growth in AUM to ₹1.50 lakh crore and disbursements of ₹19,500 crore.
- Mahindra Finance delivered 21% growth in disbursements while maintaining stable asset quality and a liquidity buffer exceeding ₹14,600 crore.
- Bank of Baroda reported Q1FY27 business growth of 15.46% YoY, with advances increasing 17.42%.
- Baazar Style Retail posted 29% YoY revenue growth, opened 18 stores, and expanded its network to 276 stores.
- Aeroflex Industries expanded manufacturing capacity by 50% to 9,000 units annually, strengthening future growth potential.
- India-Japan Summit resulted in multiple agreements covering AI, semiconductors, defence, energy security, strategic oil reserves, investment, and infrastructure, reinforcing long-term bilateral cooperation.
- Defence Ministry is expected to clear major procurement proposals including HAMMER missiles, VERBA systems, MP-ATGMs and pseudo satellites.
- Electric Vehicles Delhi plans to expand EV charging infrastructure to 32,000 charging points by 2030.
- Green Energy ACME Group secured green ammonia and methanol agreements with leading Japanese companies.
- Technology Government aims to strengthen India’s technology ecosystem while encouraging the return of Indian talent working overseas.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
