Several major Indian companies reported quarterly earnings on April 29, 2026, with most posting profit growth. Adani Power, Vedanta, Indian Overseas Bank (IOB), Federal Bank, Indian Bank, Granules India, Bajaj Finance, and Bansal Wire all recorded higher profits compared to the year-ago period. NDTV bucked the trend, reporting a wider net loss for the quarter. The results span a wide range of sectors, power, metals, banking, pharmaceuticals, consumer finance, and media, giving a broad read on corporate health heading into the new financial year. Bajaj Finance and the two public sector banks, IOB and Indian Bank, are among the more closely watched names for signals on credit demand and asset quality. NDTV's widening loss stands out as the outlier, pointing to continued pressure on its revenue or cost base, though specific figures were not detailed in the initial report. For Vedanta and Adani Power, profit growth reflects conditions in commodity and energy markets respectively. Investors will watch for management commentary on margins, loan growth, and demand outlook as full result details emerge through the day.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
