Apollo Hospitals Q1 Results: Net profit jumps 38% YoY to Rs 610 crore; revenue rises 21%
Apollo Hospitals reported a 38.4% year-on-year rise in Q1FY27 net profit to ₹610 crore, while revenue grew 20.6% to ₹7,044 crore. EBITDA increased 28.2%, supported by higher healthcare volumes, complex procedures, capacity expansion and strong international patient growth.
Nebius shares soar 22% as AI demand powers revenue beat
Nebius shares jumped nearly 22% after the AI cloud provider beat revenue estimates, driven by surging infrastructure demand, larger contracts and higher prices. Core AI cloud revenue increased sixfold, while major customer deals and capacity commitments highlighted strong future growth.
Indel Money to raise up to Rs 500 crore via public issue of NCDs
Indel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures. The issue will open on August 18 and close on August 31, with an option for early closure. Proceeds will fund onward lending, refinancing existing debt, and general corporate purposes.
BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit
Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving a preferential allotment of equity shares and warrants, could see its stake grow to 49.9 percent. The investment signifies Bank of America’s commitment to strengthening its foothold in India’s financial landscape, utilizing local […]
Grasim Industries swings to profit in Q1, revenue rises 21% YoY
Grasim Industries reported strong Q1 FY27 results, with standalone net profit reaching Rs 247 crore and revenue rising 28% YoY. Consolidated net profit jumped 51% to Rs 2,146 crore, driven by robust performance across core and growth businesses.
Parag Parikh Flexi Cap Fund among 8 equity mutual funds that received over Rs 2,000 crore inflows in July
Eight equity mutual funds received over Rs 2,000 crore in inflows in July, led by Parag Parikh Flexi Cap Fund with Rs 5,040 crore, followed by two HDFC funds.
Lenskart Q1 Results: Profit zooms 182% YoY to Rs 228 crore; revenue up 34%
Lenskart Solutions reported a 182.3% YoY jump in Q1 FY27 profit to Rs 228 crore, while revenue rose 33.6% to Rs 2,214 crore. EBITDA increased 61.3% to Rs 589 crore, with margins expanding and product margin crossing 70% for the first time.
MCX, NISM launch centre to strengthen India’s commodity market skills
MCX and NISM have signed an MoU to establish the MCX-NISM Centre for Commodity Markets, focusing on professional training, research, investor awareness and academic engagement. The initiative aims to strengthen expertise in commodity derivatives, risk management, compliance and responsible participation.
Axis Bank raises $300 million via bonds
Axis Bank has successfully secured USD 300 million from international investors, aimed at bolstering its growth initiatives. With a coupon rate of 5.348 percent, the newly issued senior notes will be listed on the India International Exchange and NSE IFSC. This issuance aligns with all necessary regulatory standards, demonstrating the bank’s commitment to growth.
Embassy Office REIT to enter Nifty 500, only investment trust in Nifty Midcap 150
Embassy Office Parks REIT will be included in the Nifty 500 and Nifty Midcap 150 from September 30, 2026, as part of NSE Indices’ latest periodic review. The REIT will also enter several other broad-based indices, potentially increasing its visibility and participation from institutional and passive investors.