Leela Palaces Hotels & Resorts reported operating revenue of Rs 352 crore in the first quarter of the current fiscal, up 28% year on year. Net profit rose more than fivefold to Rs 48.8 crore over the same period. The chain said RevPAR increased 17% and operating EBITDA climbed 41%, supported by strength in average daily rates and higher domestic leisure and MICE demand.

ITC reported a 27% year-on-year decline in standalone net profit to Rs 3,579 crore for the April–June quarter of FY27, while revenue from operations rose 28% to Rs 26,943 crore. EBITDA fell 28% to Rs 4,514 crore and total expenses jumped more than 50% to Rs 22,829 crore. Cigarette segment revenue surged 81% to Rs 15,384 crore, even as overall profitability came under pressure. The results act as a direct fundamental catalyst for ITC’s stock.

India’s fiscal deficit for the first quarter of FY27 (April 2025–March 2026) widened year on year to Rs 3.1 lakh crore, equal to 18.2% of the full-year budgeted Rs 16.96 lakh crore. The government kept its FY27 deficit target unchanged at 4.3% of GDP and said its fiscal consolidation path remains intact. The figures reflect near-term revenue and spending timing and do not provide a clear directional signal for Indian sovereign bonds, the rupee, or interest-rate assets.

Capital Group bought a 1.49% stake in India’s IIFL Finance for Rs 374.02 crore via a block deal on the National Stock Exchange (NSE), acquiring about 63 lakh shares at an average price of Rs 590 each. The purchase was made through open-market transactions from an affiliate of Fairfax India. After the deal was executed on Thursday, IIFL Finance shares rose 2.43% to Rs 622.60 on Friday.

Thermax reported FY27 first-quarter results showing an 86% year-on-year drop in net profit to Rs 22 crore, while EBITDA fell 69.08% to Rs 69.5 crore after a one-time Rs 91 crore project cost overrun in its Industrial Infra segment. Revenue still rose 7% year on year and order inflow increased 2%. The stock sold off sharply, falling as much as 16% to an intraday low of Rs 3,567 on the BSE.

Indo-MIM, an Indian precision engineering company, priced its IPO at Rs 485 per share. The stock debuted at around a 45% premium and rose 4.74% to Rs 776.90 in its second session, taking its two-day gain to more than 60% above the issue price. The move highlights upbeat investor sentiment toward the company’s outlook and positioning, as the market continues price discovery after the listing.

Nifty 50 companies’ share of aggregate profits in the Nifty 500 fell to 51% in FY26 from 87% in FY18. Over the same period, their share of total NSE-listed market capitalisation declined to 40.5% from 62.3% in FY14. The shift indicates earnings growth is spreading from megacaps to mid- and small-cap listed companies, weakening the Nifty 50’s traditional dominance while lending relative support to broader indices such as the Nifty 500.

South Korea’s Kospi index surged 15.3% on Friday to 6,447.10, marking one of its biggest one-day gains on record. The rally was driven by a rebound in U.S. AI chip-linked stocks, including Micron Technology, up 18.36%, and Lam Research, up 17.98%. In Seoul, Samsung Electronics rose 21.5% and SK Hynix climbed 25.6%. The move was attributed to an “AI-related stock rebound” and a rise tracking Wall Street’s gains.

Mumbai-based edtech firm Fusion Klassroom Edutech has raised Rs 11.08 crore from six anchor investors ahead of its IPO. The Rs 39.04 crore offering is priced at Rs 159 per share, with about 6.96 lakh shares allocated to anchor investors. The public issue will open for subscription from July 31 to August 4. The company’s shares are proposed to list on the BSE SME platform on August 7.