Major Corporate Developments
Reliance Industries logged a robust Q2 performance with year-on-year 14.6% EBITDA growth, led by victories in its O2C, Jio, and retail businesses.
Reliance Retail logged a 17% increase in Q2FY26 net profit to ₹3,439 crore, highlighting robust consumer demand momentum.
Adani Green is planning to go to the board with a proposal to raise up to $1 billion to finance new green projects.
Up to 300 staff were affected at Zepto as the fast-commerce venture pursues cost savings, with the bigger aim of breaking even by FY26.
Economy & Banking
HDFC Bank’s Q2 net profit rose 11% to ₹18,641 crore, net interest income up 5%, marking consistent retail credit growth.
ICICI Bank and Yes Bank too reported 5% and 18% YoY earnings growth respectively, marking sustained banking industry resilience.
RBI Governor Shaktikanta Das said India can absorb external shocks, bolstered by healthy domestic demand and macroeconomic policies.
Rate cuts in GST may be able to support consumer demand beyond the festival season, according to Finance Ministry estimates.
Industry Developments
IndiGo Airlines doubled up on wide-body aircraft orders, ordering 30 Airbus A350s, venturing into long-haul international segments.
Reliance Industries has confirmed that its solar cell manufacturing facility will begin production in November, as part of a 40 GWh battery-storage plan.
SCHOTT Glass India declared a ₹150 crore Gujarat expansion spurred by pharmaceutical glass demand.
Strides Pharma partnered with Bangladesh’s Incepta to launch a WHO-supported contraceptive in African markets.
Market & Investment Highlights
The Nifty Auto Index increased 0.66%, supported by EV sector demand optimism.
Hotel luxury expansion continues across India, where more than 20,000 new rooms are anticipated by 2030 — a $1 billion expansion trend led by leading conglomerates.
Gold prices also reached all-time highs, going past ₹1.31 lakh per 10g on MCX during the festive season and investor appeal.
