🇮🇳 India Daybook: Wipro & Tech Mahindra Earnings in Focus; Kirloskar Brothers Bags Overseas Order — July 16, 2026

📍 ORDER WIN

• Kirloskar Brothers: The company has successfully secured a significant overseas supply contract, boosting its international order book.
• Ayana (NTPC Green Subsidiary): Won a 50 MW wind power project in a tender conducted by the Solar Energy Corporation of India (SECI) at a tariff of Rs 3.85/kWh.

📍 EARNINGS

• Himadri Specialty Chemical: Reported a strong Q1FY27 with net profit jumping 26.3% YoY to ₹230 crore; revenue rose 28% to ₹1,432 crore. The board also approved a ₹368 crore capex plan for specialty carbon black and carbon nanotubes.
• HDFC Life Insurance: Posted an 11.5% increase in consolidated net profit at ₹611 crore for the June quarter, with new business premium growing 12% YoY.
• Angel One: Financial performance surged as net profit doubled to ₹231.4 crore, supported by a 25.4% rise in total income and a growing client base.
• Mangalore Refinery and Petrochemicals (MRPL): Reported a record net profit of ₹946 crore for the first quarter, driven by strong refining margins.
• Network18 Media: Reported a consolidated loss of ₹38.7 crore for the April-June quarter, contrasting with its performance in previous periods.
• Earnings Today (July 16): Wipro, Tech Mahindra, Jio Financial Services, Polycab India, and Alok Industries are scheduled to announce their quarterly results today.

📍 ACQUISITION

• Spandana Sphoorty Financial: The company has completed the acquisition of the remaining stake in Criss Financial and is re-evaluating its merger scheme for fresh approval.

📍 USFDA

• Alembic Pharmaceuticals: Disclosed that the USFDA issued a Warning Letter to a clinical investigator at its Vadodara facility regarding a 2025 bioequivalence study. The company clarified there are no data integrity issues or operational restrictions.

📍 OTHER CORPORATE NEWS

• RIR Power Electronics: The semiconductor manufacturer is scheduled to be listed on the National Stock Exchange (NSE) starting today, July 16, 2026.
• Brigade Enterprises: Board has approved the issuance of warrants worth ₹180 crore and the raising of up to ₹1,500 crore via non-convertible debentures (NCDs).
• Latent View Analytics: Appointed Sonal Ramrakhiani as the new Chief Executive Officer to lead the company's next phase of growth.
• Exide Industries: Has further invested ₹100 crore in its wholly-owned subsidiary, Exide Energy Solutions, to bolster its battery manufacturing capabilities.
• Sotefin Bharat: The robotic parking solutions provider's IPO opens today, July 16, aiming to raise approximately ₹89.76 crore via the BSE SME platform.
• Medplus Health: A subsidiary received suspension orders for drug licenses at three stores in Karnataka for a limited period.
• Tata Capital: Successfully raised $400 million through its second international bond issuance under its $2 billion MTN programme.

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