🇮🇳 India Daybook: Paytm Eyes First-Ever Bonus Issue; Wipro & Tech Mahindra Post Strong Q1 Results

📍 EARNINGS

• Wipro: The IT major reported a consolidated net profit of ₹33.5 billion for the June quarter (Q1FY27), with an EBIT margin standing at 15.64%.
• Tech Mahindra: Reported a robust 8.2% sequential growth in net profit to ₹1,465 crore. New deal wins saw a significant 33% YoY surge, reaching $1.078 billion.
• Jio Financial Services: Net profit more than doubled to ₹830 crore for Q1FY27, compared to ₹325 crore in the year-ago period.
• ITC Hotels: Posted a 53% jump in consolidated net profit to ₹133.71 crore, supported by a 15% growth in revenue from operations.
• Ceat: While net profit dipped to ₹4 crore, the company saw a 22.4% rise in revenue to ₹4,318 crore and announced a major expansion plan.
• Borosil Renewables: The company successfully returned to profitability, reporting a consolidated net profit of ₹868 million for the first quarter.

📍 CORPORATE ACTION

• Paytm (One 97 Communications): The board is scheduled to meet on July 20, 2026, to consider the company's first-ever bonus share issue alongside its quarterly results.
• Dividends (Ex-Date July 17): High-value dividends go ex-date today for Honeywell Automation (₹110/share), Pfizer (₹75/share), Lupin (₹18/share), and JK Lakshmi Cement (₹6.50/share).
• CDSL: Today marks the record date for the final dividend of ₹12.75 per share for the previous financial year.
• Reliance Infrastructure: The board has approved a massive fund-raising plan of up to ₹6,000 crore through equity or equity-linked instruments.

📍 IPO

• Caliber Mining & Logistics: The company's ₹450 crore IPO opens for public subscription today with a price band of ₹402–₹424 per share.

📍 EXPANSION & CAPEX

• Ceat: Approved a capital expenditure of ₹1,205 crore to significantly scale up its Nagpur plant capacity by FY31.
• NTPC: The government has permitted the state-run power major to invest up to ₹20,000 crore in renewable energy capacity addition.
• Hero MotoCorp: Expanded its global footprint by entering Germany, its 53rd international market, via a partnership with KSR Group.

📍 PARTNERSHIPS & DEALS

• Tata Motors: Entered into a Memorandum of Understanding (MoU) with UCO Bank to offer tailored financing solutions for its commercial vehicle portfolio.
• Prestige Estates: Reported a strong start to the fiscal year with Q1 pre-sales reaching ₹6,579.3 crore following the launch of four new projects.

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