🗞️ Daily Business Brief – JULY 15, 2026
- Himadri Speciality Chemical reported its highest-ever quarterly revenue, while consolidated net profit rose 26.3% YoY to ₹230 crore.
- MRPL returned to profitability in Q1 FY27, supported by stronger operating performance, higher revenue, and improved refining margins.
- HDFC Life Insurance delivered a resilient Q1 with VNB and VNB margins ahead of estimates, aided by a stronger protection business and value-focused product mix.
- HDB Financial Services posted its highest-ever quarterly PAT of ₹785 crore, up 38.3% YoY, driven by healthy business growth.
- Angel One reported strong Q1 earnings as net profit more than doubled YoY, supported by robust revenue growth and operating leverage.
- ICICI Lombard General Insurance reported a 46% YoY decline in Q1 net profit to ₹403 crore due to exceptional items impacting earnings.
- India Pesticides received Technical Equivalence (TEQ) approval in the European Union for a fungicide product, strengthening its international market presence.
- RBI reported May current account deficit at $2 billion versus a $0.7 billion surplus a year ago, while net FDI recorded a marginal outflow of $0.1 billion.
- Network18 reported its fourth consecutive quarter of growth despite a challenging macro-economic environment.
- ICICI Prudential Life clarified that IRDAI regulations do not require Prudential to divest its stake in the company.
- India Economy unemployment rate remained stable at 5.5% in June, with workforce participation largely unchanged.
- Semicon 2.0 and the new mobile manufacturing scheme received Cabinet approval, providing a major boost to India’s electronics manufacturing ecosystem.
- Hero MotoCorp saw the value of its Ather Energy investment surge to nearly ₹14,000 crore and approved an additional investment of up to ₹1,000 crore.
- Groww received a licence to offer US stock trading, currently under testing, while management highlighted softer F&O and commodity ETF trading volumes.
- EMS Ltd secured a ₹103 crore water infrastructure project from UP Jal Nigam (Urban), Varanasi.
- Ather Energy approved fundraising of up to ₹1,200 crore through equity shares and convertible warrants.
- Apollo Micro Systems secured defence orders worth ₹134 crore, while subsidiary IDL Explosives won an additional ₹55.2 crore order.
- India-Nepal reviewed power cooperation, hydro projects, electricity trade and new transmission connectivity.
- Government of India proposed a complete ban on Paraquat Dichloride citing significant health risks.
- Prime Minister Narendra Modi hailed Cabinet approvals for Semicon 2.0, mobile manufacturing and urea policy as major steps under Make in India.
- PM Modi will visit Haryana, Chandigarh and Punjab on July 17 to inaugurate projects worth ₹26,800 crore.
- External Affairs Minister S. Jaishankar held discussions with Belgium on defence, clean energy, mobility and pharmaceutical cooperation.
- State Bank of India appointed Sunil Ramgopal Agrawal as Chief Financial Officer effective August 1, 2026.
- India-EU agreed to begin formal Horizon Programme discussions and deepen cooperation in semiconductors, AI, 6G and quantum technologies.
- Emmvee reported a record order book of 9.9 GW and expects ALMM List-II implementation to support future growth.
- Brigade Enterprises approved a ₹180 crore preferential warrant issue and ₹1,500 crore NCD fundraising.
- NTPC Green Energy JV Ayana Renewable Power won a 50 MW wind power project under SECI.
- Adani Group Chairman Gautam Adani filed an affidavit denying any agreement linked to dismissal of the U.S. criminal indictment.
- Ministry of Ports approved a greenfield shipbuilding cluster at Porbandar and a ship repair facility at Vadinar.
- Cabinet approved the National Investment Policy for Urea (NIPU-2026), proposing 8–9 new gas-based fertiliser plants.
- Jain Resource Recycling received a factory safety order following a furnace accident; operations at Unit-II will resume after compliance.
- Adani Power signed a 25-year power supply agreement with Maharashtra for a 1,600 MW ultra-supercritical thermal power project.
- Cabinet approved highway projects worth ₹25,500 crore for Varanasi.
- Semiconductor Mission is expected to attract investments of nearly ₹4 trillion under the government’s semiconductor initiative.
- Patanjali clarified that there are no raids being conducted by any government department.
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