🇮🇳 India Daybook: Axis Bank Q3 Profit Rises, Marico Snaps Up 4700BC Popcorn Brand

📍 ORDER WIN

• Axiscades Technologies: The company has secured a new contract deal, further expanding its footprint in the engineering and technology solutions space.
• Boeing: The aerospace major announced expectations for increased Dreamliner orders from Indian carriers, citing robust market growth and fleet expansion plans.

📍 ACQUISITION

• Marico: The FMCG giant has entered into a definitive agreement to acquire the 4700BC popcorn business from PVR INOX in a deal valued at ₹226.8 crore.
• Emkay Global: Financial markets are tracking the company after noted investor Mahi Madhusudan Kela acquired a 1.12% stake in the firm during the December quarter.

📍 QUARTERLY RESULTS

• Axis Bank: Reported a 3% year-on-year increase in net profit to ₹6,490 crore for Q3 FY26, supported by a 15% growth in its total balance sheet.
• Asian Paints: The paint major is set to release its Q3 results today, with analysts expecting an 8% rise in PAT and a pickup in volume growth.
• Vodafone Idea / Tata Consumer / Marico: These key entities are scheduled to announce their December quarter financial results today, January 27.
• Zee Entertainment: The stock will be in focus as the company reports its Q3 earnings following the recent market volatility.

📍 PHARMA & USFDA

• Sun Pharma / Cipla / Zydus: These pharmaceutical leaders are recalling specific drug products from the U.S. market due to quality concerns and regulatory observations from the USFDA.

📍 FUNDRAISING & DEBT

• Greenko Energy: The renewable energy company has successfully raised ₹4,800 crore from the National Bank for Financing Infrastructure and Development (NaBFID) to fund its green energy projects.

📍 OTHER CORPORATE NEWS

• Eternal: The quick-commerce player is facing investor scrutiny over high cash burn rates in its expansion phase, leading to a recent dip in share price despite profitable core operations.
• India-EU FTA: Market sentiment is buoyed by news that India and the EU have concluded FTA negotiations; a summit is scheduled for today to discuss potential tariff reductions for European automakers.
• Shadowfax: The logistics firm is under the scanner as grey market trends hint at a potentially discounted debut for its upcoming IPO.

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