🇮🇳 India Daybook: IREDA Labels Gensol as Fraud; HCLTech & DMart Results in Focus — July 13, 2026

📍 Q1 EARNINGS TODAY

• HCLTech: The IT major is scheduled to report its June quarter results today; investors will watch for margin guidance and deal pipeline commentary.
• Bajaj Consumer Care: Expected to announce Q1 FY27 results with a focus on rural demand recovery.
• Nuvoco Vistas: The cement player will release its quarterly scorecard today.
• Other Results: ICICI Prudential AMC, Khaitan Chemicals, Plastiblends India, and Simbhaoli Sugars are also slated to report.

📍 EARNINGS REACTION

• Avenue Supermarts (DMart): Reported an 11% YoY rise in Q1 net profit to ₹861 crore, while revenue jumped 15% to ₹18,795 crore.
• Indian Bank: The stock remains in focus after reporting a 10.1% rise in Q1 net profit to ₹3,273 crore with improved asset quality.

📍 REGULATORY & FRAUD ALERTS

• IREDA: The state-owned lender has declared Gensol Engineering and Gensol EV Lease as fraud accounts. The total outstanding exposure stands at approximately ₹672 crore.
• SBI: The bank has reduced the Offer for Sale (OFS) size for the upcoming SBI Fund Management IPO to a 4.89% stake from the earlier planned 6.3%.
• Ashoka Buildcon: Settled a long-standing dispute with NHAI; the authority has agreed to withdraw the suspension and close proceedings after a settlement payment of ₹1.04 crore.
• Swiggy: Issued a clarification stating that the recent FSSAI order regarding its "Toing" platform was related to license updates rather than food safety concerns.

📍 ACQUISITION & STRATEGY

• TCS: The company is reportedly hunting for AI-focused acquisitions and plans to deploy up to 8,900 forward-deployed engineers to accelerate AI adoption for global clients.
• NTPC: The board has approved a massive investment of ₹20,456.70 crore for the Lara Supercritical Thermal Power Project.

📍 ORDER WIN

• 63 Moons Technologies: Its subsidiary, 63SATS Cybertech, reported a robust Q1 FY27 order book of ₹288 crore, achieving over 80% of its full-year target.
• Electronics Mart India: Commenced commercial operations of a new 6,500 sq. ft. multi-brand store in Peddapuram, Andhra Pradesh.

📍 PHARMA UPDATES

• Lupin: Received tentative USFDA approval for generic Enzalutamide tablets (prostate cancer) and generic Bictegravir/Emtricitabine/Tenofovir tablets (HIV treatment).

📍 CORPORATE ACTIONS

• M&M Financial Services: The stock will be in focus as it processes a final dividend of ₹7.50 per share.
• Galactico Corporate Services: Board meeting scheduled for today to consider various fund-raising proposals.
• Indus Towers: Appointed Abhishek Maheshwari as the new Chief Financial Officer.

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