🗞️ Daily Business Brief – JULY 05 , 2026
- Nykaa (FSN E-Commerce) expects Q1 consolidated GMV, NSV and revenue growth in the early-30% range. Beauty business is expected to grow in the high-20s, while Fashion NSV growth is projected in the mid-50s, supported by the successful Nike partnership. Store count reached 324.
- OPEC+ is expected to approve another oil production increase from August, potentially keeping crude oil prices under pressure amid improving global supply.
- ICICI Prudential Life will seek IRDAI approval to reclassify Prudential from a promoter to an investor under insurance regulations.
- GK Energy received empanelment from MSEDCL for 10,000 off-grid solar water pumping systems worth ₹236 crore.
- Utkarsh Small Finance Bank reported modest loan and deposit growth, while CASA deposits rose 15.1% YoY with CASA ratio improving to 22.1%.
- IDBI Bank reported total business growth of 15% YoY to ₹5.84 lakh crore, supported by strong advances and deposit growth.
- NTPC Green Energy signed a Power Purchase Agreement with PTC India for the sale of 1,200 MW solar power.
- HDFC Bank reported healthy Q1 business growth with gross advances up 15.4%, deposits up 14.7% and advances under management up 12.4% YoY.
- Dabur India expects double-digit growth in both revenue and PAT during Q1 FY27, driven by strong domestic and international demand.
- Vedanta Power reported a strong 38% YoY increase in power sales during Q1 FY27.
- IndusInd Bank reported a 2.3% YoY decline in net advances, indicating relatively weaker business momentum.
- NBCC secured construction work orders worth approximately ₹132 crore across Assam and Odisha.
- Godrej Consumer Products expects consolidated revenue growth in the high-teens during Q1 backed by broad-based demand.
- L&T Finance reported retail disbursements of ₹23,800 crore, up 36% YoY.
- Fortis Healthcare entered Odisha through an operations and management agreement for a 300-bed multi-specialty hospital in Cuttack.
- AWL Agri Business reported mid-single-digit volume growth during Q1, supported by Food & FMCG and alternate channels.
- CreditAccess Grameen reported record Q1 disbursements of ₹6,107 crore with improving asset quality and GLP growth of 16%.
- Vedanta Oil & Gas reported a 17% YoY decline in average daily production during Q1.
- Enviro Infra Engineers secured sewage treatment projects worth ₹257 crore under the Namami Gange Programme.
- Prestige Estates will acquire a 50% stake in Advent Convention & Hotels for up to ₹504 crore.
- HUDCO signed an MoU with Bihar Government to provide infrastructure financing up to ₹1 lakh crore over five years.
- Sobha Ltd reported record quarterly sales bookings of ₹3,656 crore, up 76% YoY.
- Kotak Mahindra Bank posted healthy business growth with advances up 15.1% and deposits rising 11.7% YoY.
- Waaree Energies received SEBI exemption for promoter stake transfer to a family trust under succession planning.
- Coal India formed a joint venture with UPRVUNL to develop renewable energy projects in Uttar Pradesh.
- AU Small Finance Bank delivered strong Q1 business growth with deposits up 23.5% and loan book up 22.6% YoY.
- Shakti Pumps received a ₹354 crore MSEDCL order for 15,000 solar water pumping systems.
- Oswal Pumps secured an additional ₹236 crore PM Kusum order from MSEDCL.
- Axis Bank reported strong Q1 growth with advances up 18.8% and deposits up 18.2% YoY.
- RBL Bank reported healthy loan growth but weaker CASA ratio and sequential deposit decline.
- Info Edge JobSpeak report showed hiring strength in Telecom, FMCG, Insurance and AI roles, while IT, Banking and Education remained weak.
- Tata Power commissioned its 100.8 MW Jewali Wind Project in Maharashtra.
- IDFC FIRST Bank delivered robust business growth with loans up 20.6%, deposits up 17.7% and CASA up 24.7% YoY.
- Yes Bank reported loans growing 18.4% and deposits rising 14.3% YoY.
- Bandhan Bank reported healthy growth in loans, deposits and improved CASA ratio to 29.4%.
- Godrej Properties received a ₹10 lakh regulatory penalty from CGRERA.
- Vedanta Iron & Steel reported higher iron ore, steel and pig iron production during Q1.
- India Semiconductor Mission gained momentum as PM Modi inaugurated India’s third semiconductor plant with a target of producing 500 million chips annually.
- India Exports Government targets $1 trillion exports in FY27 through higher merchandise and services exports.
- Housing Sector Maharashtra notified major reforms for cooperative housing societies, improving governance, transparency and homeowners’ rights.
- Chinese Semiconductor Research Researchers developed a chip capable of reducing brain-modeling latency to milliseconds, advancing AI and neuroscience applications.
- Government Policy Gold Monetisation Scheme may be revamped with jewellers likely to become collection partners.
- Auto Sector Industry demand remains healthy in H1 FY27, although OEM margins are expected to remain under pressure due to costs.
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