📰 India Business Brief: Top Headlines for July 17, 2026

Business Standard

The Indian corporate landscape is buzzing with the start of the Q1 earnings season and significant leadership appointments in the banking sector.

• Reliance Industries (RIL), Wipro, Jio Financial Services, Maruti Suzuki, and JSW Steel are among the major companies scheduled to report their first-quarter results today.
• ACME Solar’s subsidiary has officially commissioned a 110.336 MWh Battery Energy Storage System (BESS) project in Rajasthan, with commercial operations beginning today, July 17, 2026.
• HDFC Bank has received RBI approval to appoint former Chief Election Commissioner Rajiv Kumar as its part-time chairman for a three-year term.
• State Bank of India (SBI) has named Sunil Ramgopal Agrawal as its Chief Financial Officer (designate).
• HDB Financial Services reported a robust 38% year-on-year growth in net profit, reaching ₹785 crore for the recently concluded quarter.

Economic Times

National policy and the private space sector take center stage with major announcements regarding international trade and infrastructure.

• India and the United Kingdom have officially signed the Comprehensive Economic and Trade Agreement (CETA), which is expected to make 99% of Indian exports to the UK duty-free.
• Skyroot Aerospace is preparing for a historic milestone with the first orbital launch attempt of its indigenously developed Vikram-1 rocket, scheduled for tomorrow from Sriharikota.
• The ET Prime Unicorn 100 report reveals a shift in the startup ecosystem, with one in three Indian unicorns now profitable in FY25 as the focus moves from "growth-at-all-costs" to financial stability.
• The Union Cabinet has approved two major elevated highway corridors in Varanasi, worth ₹25,446 crore, to improve connectivity for religious tourism along the Ganga and Varuna rivers.
• The EPFO has successfully credited annual interest to approximately 35 crore member accounts, completing the process significantly earlier than in previous years.

Mint

Market analysts are tracking technical indicators and global cues as the Nifty faces resistance amid heightened volatility in the Middle East.

• Gift Nifty indicates a flat-to-mildly positive opening for domestic equities, following a session where the Nifty 50 closed slightly lower at 24,072.75.
• Foreign Portfolio Investors (FPIs) were heavy net sellers in the previous session, offloading domestic equities worth ₹4,200 crore.
• Escalating geopolitical tensions between the US and Iran have kept crude oil prices elevated, with Brent crude climbing past $85 a barrel, dampening risk appetite.
• Technical experts suggest the Nifty 50 faces crucial resistance at 24,400, while support is firmly placed at the 23,800–23,900 zone.
• Top stock recommendations for the day include Adani Power, IndusInd Bank, Tanla Platforms, and Info Edge (India).

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News