Maruti Suzuki India (MSIL) reported a mixed Q1 FY27, with record quarterly sales driving strong revenue growth, but operating performance was below expectations due to higher commodity and other costs impacting margins. Brokerages anticipate sustained sales growth for the company in the current fiscal year, supported by new launches, robust demand, and significant capacity expansion.
The Supreme Court has established a five-member high-powered committee, led by former top court judge Justice R Subhash Reddy, to investigate allegations of police excesses against student protesters and violence against police personnel during recent demonstrations in Delhi.
'The prime minister has given us the task of taking at least 300 satellites to orbit in the next five to six years.'
A widow in Kanpur has alleged that jewellery worth approximately Rs 50 lakh vanished from her State Bank of India (SBI) locker, leading police to register an FIR against the branch manager and unidentified staff members. The complainant, Rashmi Arora, discovered the locker empty after a period of non-operation and a bank merger.
Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.
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'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'
Tamil Nadu Chief Minister C Joseph Vijay announced official vehicles and a monthly allowance for MLAs to address public grievances and monitor government projects in their constituencies. This initiative aims to reduce financial burden, improve transparency, and ensure grassroots service delivery.
Bajaj Finance, India's largest private-sector NBFC, reported a 29 per cent year-on-year increase in standalone net profit to 5,346 crore for Q1FY27, propelled by robust growth in net interest income and assets under management, which surpassed 4 trillion.
'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'
The Supreme Court has reserved its decision on a plea by the Tamil Nadu government challenging a Madras High Court verdict. The High Court had ruled that individuals converting to Islam are not automatically entitled to reservation benefits under the Backward Class (Muslim) category solely based on their conversion.
The Allahabad High Court has ruled that investigating agencies cannot impose a blanket debit freeze on a person's bank account during cybercrime investigations. The court stated that restraint must be proportionate to the suspected proceeds of crime, directing banks to de-freeze accounts beyond the disputed amount. This ruling aims to protect innocent account holders from complete financial deprivation due to minor disputed transactions.
State Bank of India (SBI) reported a 13.73 per cent increase in its June quarter consolidated net profit, reaching Rs 24,113 crore, primarily due to improved core income and a decline in provisions for non-performing assets.
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The Maharashtra government has constituted a high-level committee to address road repairs, traffic congestion and management issues in the rapidly expanding Chakan industrial belt in Pune district, and set up a mechanism for time-bound redressal of industrial grievances.
'Some people may not like what I am saying, but shortcomings have to be pointed out. These deficiencies should be rectified within the next three months.' 'This is Gorakhpur, where our CM himself resides. If such shortcomings exist here, then what will happen?'
'I've seen a lot of meetings over the years, but this was the first time I've seen the deputy chief minister and the industries minister sit through something like this with 200 to 300 industrialists, local residents and politicians from both the ruling side and Opposition, all in the same room.'
Mahindra & Mahindra's Q1FY27 results missed consensus estimates due to declining gross margins, but strong demand for its SUV portfolio and strategic price hikes are expected to drive near-term gains, particularly in the auto segment, despite headwinds in farm equipment.
'Being the defending champions certainly gives us confidence, but every Olympiad is a new event and starts from scratch.'
ArcelorMittal reported a significant 62 per cent year-on-year decline in its net income, reaching USD 683 million in the June 2026 quarter, despite a quarter-on-quarter increase in sales and improved performance from its Indian joint venture, AMNS India.
Tata Consumer Products reported healthy revenue growth in Q1 FY27, driven by its India branded business and accelerating momentum in newer segments, which are now expected to sustain double-digit sales growth and improve profitability.
Mahindra & Mahindra (M&M) Ltd reported a significant 34 per cent year-on-year increase in Profit After Tax (PAT) to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments despite challenging macro-economic conditions.
US Vice-President J D Vance's unexpected phone call to Prime Minister Narendra Modi on August 8 has ignited speculation about a potential diplomatic overture, possibly seeking India's support amidst the escalating US-Iran conflict and a shifting global power landscape, suggests Ambassador M K Bhadrakumar.
Sebi Chairman Tuhin Kanta Pandey has defended the newly rolled out Closing Auction System (CAS), stating that it is a transparent mechanism and that the industry needs time to understand the change. He acknowledged initial turbulence and concerns from fund houses but noted an increase in mutual fund participation.
Bharti Airtel's first-quarter (April-June/Q1) performance for 2026-27 (FY27) surpassed estimates across most metrics, fuelled by robust growth in both its India and Africa operations, with significant increases in average revenue per user (Arpu) and subscriber additions.
Cognizant reported a 1.4 per cent year-on-year dip in net profit for the April-June quarter to $636 million, while revenue grew 4.5 per cent to $5.5 billion. The company has also cut the top end of its annual guidance, citing a slowdown in macroeconomic conditions and rising uncertainty.
Descendants of a Madhya Pradesh businessman are seeking repayment from the UK government for a Rs 35,000 loan made during World War I. The UK Debt Management Office has responded, asking for further documentation to examine the claim, which the family estimates to be worth crores today with interest.
ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.
Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.
Japan is deepening its defence relationship with India while simultaneously expanding its economic, infrastructure and security engagement with countries around India -- particularly Bangladesh. The result is an emerging Japanese conception of South Asia in which India remains the strategic anchor, but the geography surrounding India is becoming increasingly important, points out Varun Arya.
Former Pakistan Test spinner and chief selector Iqbal Qasim has criticised the current generation of Pakistani cricketers for prioritising financial gain, particularly through leagues like the PSL, over dedicated skill development and game awareness, attributing this to a lack of vision among selectors and a general disinterest among young players.
The Kerala high court has set aside the Centre's decision not to renew the FCRA certificate of two NGOs, accused by central agencies of funding agitations against the Vizhinjam sea port, saying that financial support to a protest cannot be seen as diversion of foreign funds.
Legal experts are divided on whether an FIR can be lodged against former Allahabad High Court judge Justice Yashwant Varma, who resigned after a Lok Sabha-appointed panel found him guilty of charges related to unexplained cash found at his residence.
A delayed ITR could prompt greater scrutiny, document requests or processing delays.
The Supreme Court on Monday asked an apex court-appointed committee to verify claims that around 24,000 families affected by the 2023 Manipur ethnic violence are yet to receive benefits under government rehabilitation and welfare schemes.
Joe Root will captain England on a permanent basis for the first time since 2022 in the upcoming three-match Test series against Pakistan, with Jordan Cox taking the number three spot due to Jacob Bethell's injury and Dan Lawrence earning a recall.
'I was like I can't afford it. I cannot survive in Mumbai, so I will go back to the mountains.' 'But by God's grace, at that very moment, I got Adarsh Baal Vidyalaya, and Mumbai stopped me from leaving.'
The Cockroach Janta Party (CJP) founder Abhijeet Dipke has launched an online petition urging Prime Minister Narendra Modi to address India's youth on critical issues like education, unemployment, and the rising cost of living during his Independence Day speech. This initiative follows CJP's successful 36-day agitation against NEET irregularities, which led to the resignation of the Union Education Minister. The CJP is now broadening its campaign with a nationwide "Kya Bolti Public" tour to gather youth views for a comprehensive Youth Reform Charter.
Rajya Sabha proceedings were adjourned following an uproar over an alleged derogatory 'lungiwala' remark made by BJP MP Sushmita Dev against CPI(M)'s John Brittas, who had moved a privilege motion. Dev denied the accusation, stating she had not cast aspersions on any state's attire.
