RETAIL RESULTS
HDFC Bank CEO Sashidhar Jagdishan to step down in October
Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the successor selection process.
Bajaj Finance, L&T Finance poised to benefit as NBFC earnings recovery broadens: Siddhartha Khemka
India’s NBFC sector is showing signs of a broad-based cyclical recovery, with FY27 first-quarter results pointing to stronger loan growth, improving asset quality, lower credit costs and emerging operating leverage. Earnings estimates are also being upgraded, raising expectations of sustained profitability and a potential valuation re-rating across leading lenders.
CNG prices will come down after US-Iran situation normalises: BJP spokesperson Shahnawaz Hussain
In Delhi, the cost of CNG has gone up by Rs 3.89 per kg, reflecting a response to rising import costs and geopolitical uncertainties on a global scale. Significant unrest in West Asia has disrupted vital shipping lanes for natural gas. Nonetheless, Indraprastha Gas Limited continues to protect consumers from harsh market fluctuations while ensuring a reliable supply of CNG.
Sugar supply likely to improve on switch to fortnightly quota
Under the fortnightly quota, sugar mills will be required to sell at least 40% of the allocation in the first week and the remaining quantity in the succeeding week. It was observed that in certain cases, sugar sold by mills at the beginning of the month was being dispatched or lifted by buyers only towards the end of the month, leading to artificial scarcity, the government said in a statement.
Gap shares surge 24% after Old Navy leadership shake-up, profit forecast raised
Gap shares jumped as much as 24.1% after the retailer named Michael Francis as Old Navy CEO and raised its annual profit forecast. The appointment comes as Old Navy struggles with falling comparable sales, while Gap's other brands gain momentum. Investors are betting on a turnaround at the company's biggest brand.
From Nike to Starbucks, some American brands are losing aura in China
Global companies once relied on China for consistent growth and expansion. Economic challenges and strong local competitors now impact foreign brands significantly. Brands like Nike and Starbucks are losing market share to domestic rivals. However, some companies succeed by adapting to local tastes and preferences. Success in China now depends on understanding the market rather than global prestige.
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Government to allocate fortnightly sugar sale quota to mills from September to prevent artificial scarcity
Retail sugar prices are easing as ex-mill rates decline significantly. The government will now allocate sugar fortnightly to mills from September. This new system aims to prevent artificial scarcity and ensure smooth supply. Mills must dispatch sold sugar within seven days of sale.
Indian Bank’s ₹1,500 crore treasury bet comes with a gold push: CEO Binod Kumar
Indian Bank anticipates treasury income between Rs 1,000 and Rs 1,500 crore this fiscal year. The lender expects its gold loan book to surpass Rs 1.5 lakh crore during this period. Gross non-performing assets are targeted to decrease to 1.5-1.6 percent by year-end. The bank plans to sell Rs 200 crore in bad loans to an asset reconstruction company.
AI ecommerce projects may fail without clean, centralised data: Report
The report said data readiness is one of the biggest factors determining whether AI projects move beyond experimentation and deliver measurable business outcomes. It noted that AI systems depend heavily on the quality of the information they receive, making data infrastructure a critical foundation for businesses looking to scale AI.
Oil & gas stocks after 6 months of West Asia crisis: Who beat markets, who lagged & what’s next?
The Nifty Oil & Gas Index lagged behind the broader market following the onset of the West Asia conflict. Despite this, Aegis Logistics and Chennai Petroleum Corporation demonstrated strong performance among sector stocks. Conversely, state-run oil marketing companies saw their values drop significantly. Analysts believe OMCs are a cautious investment choice, necessitating stable crude prices for a turnaround. Meanwhile, Aegis Logistics and Chennai Petroleum retain distinct investment opportunities moving forward.
'Croma on turnaround path as losses narrow, quality of growth gets better': CEO
Infiniti Retail, Croma's operator, is on a strong turnaround path, significantly reducing losses. The company achieved operational profitability in FY26, swinging to a profit of ₹159 crore. Total income grew thirteen percent to ₹21,784 crore, with sales growth nearly doubling. Infiniti Retail closed thirty-five unviable stores and plans to add forty-five new outlets. Continuous cost optimization is now a habit in the business.
Customer data stolen in cyberattack on three British airports
MAG, which operates the Manchester, London Stansted and East Midlands airports, said the data of 8.7 million customers had been compromised. The cyberattack took place over the weekend, and MAG said it became aware of it Tuesday.
Sugar prices may fall soon as 3-3.5 lakh tonnes of refined sugar is expected to enter Indian market
Refined sugar stocks are entering the domestic market, helping ease supply concerns, while duty-free imports of raw sugar are expected to further strengthen availability ahead of the festive season. Ex-mill sugar prices have already fallen by around 20%, suggesting that speculation, rather than an actual shortage, was behind the recent price rise. Consumers can therefore expect sugar prices to become more reasonable in the coming days.
Sugar shortage bites: Retailers cap purchases, prices surge 29% ahead of Raksha Bandhan
Major retailers are limiting sugar purchases to three kilograms per customer. Quick commerce platforms also restrict sugar sales to a few packs. This comes as sugar supplies tighten before the Raksha Bandhan festival. Government-approved raw sugar imports aim to ease the tight stock situation. Prices have risen significantly and are expected to continue increasing.
Piramal Finance’s Rs 2,100-crore QIP sees 10x demand as BlackRock, Goldman lead institutional interest
Piramal Finance’s first QIP since listing attracted bids worth around Rs 21,000 crore, nearly 10 times the Rs 2,100 crore on offer, amid strong demand from global investors and major domestic mutual funds. BlackRock, Goldman Sachs Asset Management and several leading Indian AMCs participated in the issue, which was priced at the upper end of the Rs 2,000-2,110 range.
PNB Housing outshines peers on strong loan growth
PNB Housing Finance shares have seen significant gains this year. The company is focusing on affordable and emerging housing segments. This strategic shift aims to improve its valuation and return ratios. Disbursements and net profit are expected to grow robustly in coming years. Stable asset quality and new financing initiatives support future growth.
FSSAI flags food safety lapses at Andaz Delhi, JW Marriott
FSSAI has issued notices to Andaz Delhi and JW Marriott, Aerocity. Inspections revealed significant food safety and hygiene deficiencies at both establishments. Andaz Delhi faced issues with expired food and improper storage practices. JW Marriott, Aerocity, had licensing and relabelling irregularities noted by the regulator. Further action will depend on compliance and sample analysis results.
Gigged and Gagged: Algorithms, gig platforms are reshaping cities faster than planners and regulations can adapt
Algorithms and logistics are subtly redesigning India's urban geography and economics. Dark stores and ride-hailing platforms are altering street-level operations and traffic patterns. Informal services are transforming residential areas with app-mediated worker circulation. Existing zoning regulations struggle to keep pace with these rapid changes. New principles are needed to integrate gig work into urban planning.
Onion supply comfortable to meet domestic demand in coming months: Govt
Government assures ample onion supply for upcoming months. Robust production and buffer stocks support domestic demand. Targeted market interventions aim to stabilize seasonal price pressures. Onion exports remain strong to several key destinations. Prices of other essential vegetables and pulses are also stable.
Hindustan Copper OFS oversubscribed on both days, says govt. Here are all the details
Hindustan Copper’s government OFS drew strong institutional demand, with the non-retail portion subscribed 3.41 times on Tuesday. The Centre exercised the full greenshoe option, taking the potential stake sale to 6%, while retail investors can bid on Wednesday at a floor price of Rs 514 per share. The company’s strong Q1 performance and plans to expand mining capacity also remain in focus.
These 8 banking stocks have an upside potential of up to 22% in 1 year, according to analysts
When it comes to the banking sector, one should, at this point of time, give some leeway in terms of credit growth. The more important thing to watch for in individual banks is the growth of their digital footprints. If that number is not going up, it can be a cause for concern. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Dmart owner eyes debt market comeback after 7-year hiatus, bankers say
Avenue Supermarts is preparing to venture into the corporate debt market shortly. The retailer intends to secure around ten billion rupees via bonds with a maximum maturity of three years. Notably, the company last issued bonds back in October 2019. There is significant interest from mutual funds in these investment opportunities.
US stocks today: US stocks close higher on tech rebound as Nvidia earnings gain focus
US stocks closed higher as technology and semiconductor shares recovered ahead of Nvidia's earnings. Lower oil prices and Treasury yields offered relief, while investors assessed AI spending and stretched valuations. Weak consumer confidence added to economic concerns, with upcoming PCE inflation data and Fed commentary keeping rate expectations in focus.
Axis Bank bets on data centres to gold loans to outpace industry credit growth
Axis Bank expects credit growth to exceed industry averages this fiscal year. Strong demand stems from corporate sectors and retail borrowers seeking gold loans. This credit boom is projected to boost the bank's overall earnings significantly. Axis Bank is also preparing key businesses for potential public listings. The bank aims for sustained credit growth while managing lending margins effectively.
Hindustan Copper shares fall 6% as govt opens OFS at 10% discount
Hindustan Copper share price: The government has announced its intention to divest a 3% holding in Hindustan Copper through an offer for sale, commencing for non-retail investors on August 25, with retail options shortly thereafter. The share floor price is pegged at Rs 514, below the closing value. If the offer is met with high demand, an extra 3% may be available.
German broker Scalable opens investment platform to major AI chatbots
The new service, which Scalable said was a first for a European bank, comes in addition to the app and website as ways to access customer accounts and includes a number of security measures.
Festive hiring boom shifts to tier II and III cities as demand surges
Temporary hiring for festivals is now expanding beyond major Indian cities. Tier II and Tier III markets are experiencing faster growth in seasonal employment opportunities. E-commerce and organised retail are driving this significant shift in hiring patterns. Companies are increasingly focusing on these smaller cities for their fulfillment needs.
Walmart shares fall 8% as Q2 results flag risks of rising inventory
Walmart shares fell 8% despite strong second-quarter results, with revenue rising 5.9%, e-commerce sales jumping 23% and operating income increasing 28.8%. Investors focused on tariff refund benefits and a 6.7% increase in global inventory, raising concerns over underlying performance.
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