🇮🇳 India Daybook: Bajaj Finance Shines, BSE Reacts to SEBI Action, Tata Power Renewables Hits Record

📍 FINANCIAL RESULTS & BUSINESS UPDATES

• Bajaj Finance: The non-banking financial company (NBFC) reported strong Q1 FY26 performance, booking 13.49 million new loans, a 23% increase year-on-year. The total customer base expanded to 106.51 million, and assets under management (AUM) grew by 25% year-on-year to approximately ₹441,400 crore. Its deposit book also reached around ₹72,100 crore, reflecting a 15% year-on-year rise.
• Vedanta Limited: The company announced a mixed performance for the quarter ended June 2025, with its Lanjigarh Refinery achieving a record alumina output of 587 kilotons. The business also saw a 150% quarter-on-quarter growth in ferro chrome production, driven by a 66% growth in ore output.
• Bank of Baroda: The bank posted a 12.63% year-on-year rise in Global Advances to ₹12.07 trillion in Q1 FY26. Global Deposits also increased by 9.13% to ₹14.36 trillion.
• Bandhan Bank: The bank reported a 6.4% year-on-year increase in Loans and Advances, reaching ₹1.33 lakh crore as of June 2025. Total Deposits grew by 16.1% year-on-year to ₹1.55 lakh crore, although CASA deposits saw a dip of about 6% year-on-year.
• Indian Energy Exchange (IEX): IEX recorded a 15% year-on-year increase in electricity traded volumes in Q1 FY26, reaching 32,382 million units (MU). This growth was propelled by robust performances in its Real-Time Market (RTM) and Green Market segments. Additionally, IEX's traded volume in June 2025 was 10,852 MU, a 6.5% increase compared to the same period last year.
• MIC Electronics: The company reported a standalone net profit of ₹166.77 lakh for the quarter ended June 2025.
• Godrej Consumer: The company anticipates strong double-digit revenue growth in Q1.

📍 NEW ORDERS & PROJECTS

• NBCC (India): The company secured new work orders totaling ₹65.73 Crore. These contracts primarily involve project management consultancy (PMC) services for various building developments, including external works at the Energy Institute in Bengaluru.
• KPI Green Energy: The company's share price was in focus after it secured a repeat order for a 100 MW solar project.
• Tata Power Renewable Energy Limited (TPREL): A subsidiary of Tata Power, TPREL achieved a record 45,589 rooftop solar installations in Q1 FY26, marking a significant 416% year-on-year growth. This milestone increased TPREL's nationwide total to 2,04,443 rooftop solar installations, with a cumulative capacity exceeding 3.4 GW.

📍 STRATEGIC INVESTMENTS & PARTNERSHIPS

• Reliance Industries (Reliance Retail Ventures Ltd - RRVL): RRVL, the retail unit of Reliance Industries, has made a strategic minority investment in FaceGym, a UK-based facial fitness and skincare brand. This marks RRVL's entry into the beauty and wellness sector.
• Oil and Natural Gas Corporation (ONGC): ONGC has entered into an agreement with Japan's Mitsui O.S.K. Lines Ltd (MOL) to build, own, and operate two Very Large Ethane Carriers (VLECs). These carriers will be used to transport imported ethane to ONGC Petro Additions Ltd (OPaL) for captive petrochemical use.
• Torrent Pharma: The company is set to acquire an additional 2.41% stake in JB Chemicals for ₹620 Crore.
• Zaggle: The company signed a three-year deal to power Apollo Health's employee expense and benefits platform.

📍 REGULATORY & CORPORATE ACTIONS

• BSE Limited: Shares of BSE plunged 7.34% following the Securities and Exchange Board of India's (SEBI) ban on US-based trading firm Jane Street from Indian markets. SEBI accused Jane Street of manipulating index levels on expiry days to make substantial profits in index derivatives, particularly Nifty and Bank Nifty options, and has ordered the impounding of illegal gains amounting to ₹4,843.57 crore.
• Suzlon Energy: The company cleared a regulatory hurdle for its merger with a subsidiary.
• VRL Logistics: The company announced its first-ever bonus share issue.
• Emcure Pharmaceuticals: Reports indicate that BC Investments IV, backed by Bain Capital, is likely to divest a 2.4% equity stake in Emcure Pharmaceuticals through block deals.
• IndiGo (InterGlobe Aviation): The parent company of IndiGo announced the appointment of Amitabh Kant, former Niti Aayog CEO and India's G20 Sherpa, as a Non-Executive Director to its board.
• Patanjali Ayurved: The Delhi High Court has restrained Patanjali Ayurved from airing television advertisements that disparage Dabur India's Chyawanprash products.
• Dividend Announcements: Several companies, including Nestle India, SKF India, Tech Mahindra, and Thermax, had July 4, 2025, as their record date for dividends of ₹10 or more per share.
• Sapphire Foods India: The company clarified that there is no material information requiring disclosure regarding news items about a merger between the company and Devyani International, stating it evaluates various strategic opportunities in the ordinary course of business.

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