🇮🇳 India Daybook: HDFC Bank Hits Deposit Milestone, Titan Recommends ₹15 Dividend

📍 QUARTERLY UPDATE

• HDFC Bank: The private sector lender reported a 14.6% year-on-year increase in total deposits, reaching ₹31.70 lakh crore for the quarter ended June 30, 2026. Gross advances grew by 15.4% to ₹30.61 lakh crore, while CASA deposits saw a steady rise of 9.4% YoY.
• Titan Company: The Tata Group firm registered standalone revenue growth of 9% in Q1. The company aggressively expanded its footprint by adding 61 net new stores during the quarter, taking its total retail network to 3,096 outlets.
• Marico: In its Q1 update, the FMCG major noted a modest volume rise in its domestic business. The company highlighted that operating margins are expected to show an upward trend compared to the previous year.

📍 CORPORATE ACTION

• Raymond: The company has finalized July 11, 2026, as the record date for the demerger of its lifestyle business. Under the scheme, shareholders will be allotted four shares of Raymond Lifestyle for every five shares held in the parent company.
• Inox Wind: The company announced the completion of a ₹900 crore capital infusion by its promoter, Inox Wind Energy Limited. The funds were raised via equity sales through block deals to strengthen the company’s net debt-free position.

📍 DIVIDEND

• Titan Company: The Board has recommended a dividend of ₹15 per share for the financial year. The record date to determine shareholder eligibility has been set for July 9, 2026.
• Axis Bank: Shares will be in focus as the bank has fixed July 10, 2026, as the record date for its final dividend of ₹1 per equity share.
• Other Ex-Dates: Several blue-chip companies including Nestle India, Dr. Reddy’s Laboratories, and JSW Steel are scheduled to go ex-dividend later this week.

📍 MARKET PULSE

• Benchmark Indices: The Nifty 50 closed at 24,270.85, gaining 0.39%, while the BSE Sensex rose 0.34% to end at 77,763.91.
• Sectoral Performance: The IT and Pharmaceutical sectors were the primary drivers of the rally, supported by positive global cues and cooling crude oil prices.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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