📰 India Business Brief: Top Headlines for July 27, 2026

Business Standard

• Prime Minister Narendra Modi has constituted a high-powered task force under Nandan Nilekani to ensure the sanctity of the examination system and oversee comprehensive reforms.
• Odisha has officially commenced land acquisition for IndianOil’s mega Paradip project, which involves an investment of ₹61,077 crore.
• ONGC has marked a significant milestone by starting India’s first deepwater exploration well off the Odisha coast.
• Hindustan Zinc announced a massive ₹25,000 crore capital expenditure plan to expand its refined metal capacity.
• The news agency highlighted a 35-year retrospective on the 1991 economic reforms, noting that the economy has grown from $270 billion to a globally integrated powerhouse.
• In sports-business news, Mirabai Chanu clinched India’s first gold at the 2026 Commonwealth Games, setting a new record.

Economic Times

• Foxconn is deepening its Indian footprint with new investments targeted at semiconductors, electric vehicles (EVs), and space technology as the country moves up the value chain.
• PhonePe reported that its FY26 losses surged by 62% to ₹2,792 crore, even as revenues saw an 11% increase.
• French automotive parts maker Forvia has committed an additional €70 million investment to expand its operations in India.
• The number of space startups in India has grown exponentially, reaching over 400 in 2026, up from just one in 2014, according to government data provided to the Rajya Sabha.
• Maruti Suzuki is accelerating its SUV-centric strategy to maintain its growth trajectory in the competitive domestic market.
• FSSAI has suspended the license of Westend Agro Products following allegations of altering expiry dates on products.

Mint

• Over 68 companies, including Bharat Electronics (BEL), Coal India, Tata Power, and Canara Bank, are scheduled to release their Q1 FY27 financial results today.
• Gift Nifty signals a positive opening for the domestic market this Monday, despite the Sensex and Nifty recording their steepest weekly decline in months last week.
• Market sentiment remains cautious as global crude oil prices surged past $100 per barrel last week due to escalating US-Iran tensions.
• Indus Towers is expected to report steady EBITDA growth for Q1, driven by higher tower counts despite a slowdown in network expansion by major telcos.
• Fractal Analytics reported a robust Q1 performance with net profit jumping 92% to ₹72.3 crore.
• Analysts identify the 23,600–23,650 zone as a crucial support level for the Nifty 50 as it navigates current global volatility.

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