🇮🇳 India Daybook: Dr. Reddy's & HPCL Lead Q3 Earnings; RBI Approves SMBC Subsidiary

📍 Q3 EARNINGS TODAY

• Dr. Reddy's Laboratories: The pharmaceutical giant is scheduled to report its Q3 results today, with analysts focusing on US market growth and generic launch pipelines.
• HPCL: The state-run refiner will announce its quarterly numbers; investors are watching for marketing margins and gross refining performance.
• Bank of India: Set to release its third-quarter earnings, with a focus on asset quality, loan growth, and net interest margins.
• Oracle Financial Services: The IT firm is expected to report its Q3 performance today, following a sector-wide focus on deal execution.
• Tata Communications: Quarterly results are on the radar for this telecom infrastructure provider to assess digital platform revenue.
• Other Results: PNB Housing Finance, UTI AMC, Bajaj Consumer Care, KEI Industries, and Rajratan Global Wire are also slated to announce earnings.

📍 REGULATORY & LICENSING

• Sumitomo Mitsui Banking Corporation (SMBC): The Reserve Bank of India has granted in-principle approval to the Japanese banking major to establish a wholly-owned subsidiary (WOS) in India.
• PhonePe: The Walmart-backed fintech has received SEBI's nod for its proposed Initial Public Offering (IPO), reportedly eyeing an April listing.
• Cian Healthcare: Trading in the stock will be suspended effective today due to actions related to a resolution plan.

📍 EARNINGS WRAP-UP

• SRF: The chemical conglomerate reported a 59.6% surge in consolidated net profit to ₹432.66 crore for the December quarter and declared an interim dividend of ₹5 per share.
• AU Small Finance Bank: Posted a 26% year-on-year rise in net profit at ₹668 crore, supported by steady interest income.
• ITC Hotels: The hospitality major reported record-breaking revenue and profit for Q3 FY26 amid a surge in domestic travel.
• Tata Teleservices (Maharashtra): The company’s net loss narrowed significantly to ₹150.43 crore compared to a loss of ₹315.11 crore in the year-ago period.

📍 ORDER WIN

• Bharat Electronics (BEL): Secured additional orders worth ₹569 crore for defence electronics and missile systems since late December.
• K2 Infragen: Bagged a significant railway project worth ₹262 crore, boosting its infrastructure order book.
• Suzlon Group: Confirmed a massive 838 MW wind energy order from Tata Power Renewable Energy, marking one of its largest wins for FY26.

📍 CORPORATE ACTIONS

• Angel One: Shares will trade ex-dividend today for a substantial payout of ₹23 per share.
• ICICI Prudential AMC: The stock goes ex-dividend today for a dividend of ₹14.85 per share.

📍 STRATEGIC INVESTMENTS

• Reliance Industries: Committed to doubling its investment in Gujarat to ₹7 lakh crore over the next five years, focusing on green energy and retail.
• Adani Group: Announced a ₹1.50 lakh crore investment plan for a 37 GW renewable energy park in Mundra and Kutch.
• AM Group: Plans to establish a 1GW AI compute hub in Greater Noida with a total investment of $25 billion.

📍 ACQUISITION

• Eat App: The restaurant reservation platform acquired rival ReserveGo and entered a strategic partnership with Swiggy to scale its Indian operations.
• Inspira Global: Acquired a stake in Burger King India as Everstone Capital exited its investment in the fast-food chain.

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