JSW Steel Profit Up 155%
Your daily dose of business news
🗞️ RIL’s Q1 Net Soars 76% to ₹30,783 Cr
Reliance Industries Ltd (RIL) reported a massive 76% jump in Q1 net profit at ₹30,783 crore, boosted by a one-time gain and steady energy margins.
💬 Expert Take:
"RIL’s strong quarterly numbers reinforce its diversified growth engine — the one-time gain shows smart asset play too."
— Rajeev Bansal, Equity Research Lead, AlphaInvest
🗞️ JSW Steel Profit Surges 155% on Robust Demand
JSW Steel posted a 155% YoY surge in Q1 profit to ₹2,209 crore, driven by healthy steel demand and sustained government capex push.
🗞️ Reliance Retail Buys Kelvinator Brand
In a strategic move, Reliance Retail has acquired Kelvinator to strengthen its home appliances play and expand its product portfolio.
🗞️ India a Prime Investment Hub Amid Global Uncertainty
Amid global uncertainty, India remains a top destination for investors, backed by resilient domestic consumption and policy stability.
💬 Expert Take:
"Global capital is looking for predictable growth — India’s demographics and reforms keep it top of the list."
— Meera Patel, Senior Economist, BrightCap Advisors
🗞️ Retail Investment Booms: Demat Accounts at 19.4 Cr
Retail investors are pouring into equities — India’s demat accounts have surged to 19.4 crore, reflecting booming retail participation.
🗞️ SEBI May Tighten Margins for Power Futures
SEBI may soon impose additional margin requirements during high volatility in electricity futures to contain risks.
🗞️ GNG Electronics Files ₹460 Cr IPO
GNG Electronics has filed for a ₹460 crore IPO — the funds will fuel capacity expansion and working capital needs.
🗞️ Online Utility for ITR-2 Filing Enabled
The Income Tax Dept has rolled out the online utility for ITR-2 for AY 2025-26 — simplifying filing for individuals & HUFs with more complex income sources.
📊 Market Updates – July 18, 2025
📉 Sensex: 81,757.73 ▼ −0.61%
📉 Nifty 50: 24,968.40 ▼ −0.57%
💵 USD/INR: ₹86.16 ▲ slightly weaker
🪙 Gold (24K): ₹99,330/10 g ▶ steady
🪙 Silver: ₹1.14 lakh/kg ▲ +0.5%
🛢️ Brent Crude: US $69.37/bbl ▶ stable