Lohia Corp will launch its IPO on July 23, with the issue comprising a pure offer for sale of over 2.59 crore shares. The technical textile machinery maker reported a 64% YoY jump in FY26 net profit and a 25% increase in revenue, ahead of its market debut.
JK Cement Ltd reported a 15.3 percent decline in net profit for the June quarter. The company posted Rs 274.62 crore profit, down from Rs 324.25 crore last year. Revenue from operations increased by 20.25 percent to Rs 4,031.72 crore. Total expenses rose by 25.5 percent during the same period. JKCL's total income, including other income, grew 19.41 percent.
RBL Bank reported a 27% YoY rise in Q1 FY27 standalone net profit to Rs 254 crore, while net interest income increased 12%. The lender said Emirates NBD’s majority ownership has expanded its growth opportunities, with management expecting stronger momentum in corporate banking, trade finance and cross-border business.
IDBI Bank reported a 5% YoY rise in Q1 FY27 standalone net profit to Rs 2,115 crore, while net interest income grew over 10%. Deposits and advances posted healthy growth, asset quality improved year-on-year despite a marginal sequential uptick in NPAs, and capital adequacy remained robust.
Legendary investor Fred C. Kelly argued that investment success depends more on mastering psychology than predicting markets. In his classic work, he explains why following the crowd often leads to losses and how patience, discipline and independent thinking can help investors avoid costly emotional mistakes.
ICICI Bank Q1 Results: ICICI Bank posted a 15.9% YoY rise in Q1 FY27 standalone net profit to Rs 14,805 crore, while net interest income grew 12.7%. Asset quality improved, advances and deposits registered healthy growth, and provisions declined, supported by strong core operating performance and robust fee income during the quarter.
HDFC Bank Q1 Results: HDFC Bank reported a 5% YoY rise in Q1 FY27 standalone net profit to Rs 19,060 crore, while net interest income increased 7%. Profit beat Nomura’s estimate but missed Kotak’s forecast. Asset quality remained stable, provisions declined sharply year-on-year, and the bank maintained a strong capital adequacy ratio.
Bitcoin recovered towards $64,000 after an AI-driven selloff pushed the cryptocurrency below the $63,000 mark. Experts said risk-off sentiment weighed on crypto markets, though softer US inflation data helped revive investor confidence. Analysts highlighted key technical levels and cautioned that the broader downtrend remains intact.
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