Market calendar

Reserves slipped from the record high, ending a ten-week run of gains.

Factory output fell 0.3% and capacity utilisation held at 76.3% - the goods economy stalled in August.

A higher yen policy rate lifts Japanese bond yields and pressures the global carry trade.

A higher yen policy rate lifts Japanese bond yields and pressures the global carry trade.

Contract signings lead completed sales by one to two months - the earliest housing turn signal.

A second regional factory read to pair with the Empire State survey.

The fastest weekly signal on whether the US labour market is cracking.

Revised down from the 3.3% flash; core eased to 2.1% after the ECB's September hike.

The fastest weekly signal on whether layoffs are picking up.

Homebuilding is one of the most rate-sensitive parts of the US economy.

UK rate call - moves the pound and global bond yields. No BoE meeting in October.

UK rate call - moves the pound and global bond yields. No BoE meeting in October.

Revised down from the 3.3% flash; core eased to 2.1% after the ECB's September hike.

UK rate call - moves the pound and global bond yields. No BoE meeting in October.

Commercial crude stocks fell to 423.4M bbl, 1% above the five-year average; WTI settled the week at $101.27.

Rising import prices feed through to goods inflation a few months later.

Commercial crude stocks fell to 423.4M bbl, 1% above the five-year average; WTI settled the week at $101.27.

Consumer spending rebounded sharply in August — the strongest read on US demand.

The Fed raised rates by a quarter point to 3.75%-4.00%, saying inflation stays elevated and the action supports a timelier return to 2%.

The Fed raised rates by a quarter point to 3.75%-4.00%, saying inflation stays elevated and the action supports a timelier return to 2%.

First regional factory gauge each month - an early read on US manufacturing demand.

Exports $43.81B (+26% YoY) outpaced imports $70.67B (+14%) - a narrower deficit supports the rupee.

Record August; two-wheelers 20,34,698 (+10.5%) - a direct read on consumer demand and auto stocks.

Monthly labour-market check for ages 15+; second straight decline.

Factories beat but shoppers and builders did not - a strong-supply, weak-demand split that caps commodity demand.

Tracks factory-gate prices — an early signal of margin pressure for producers.

Indian equity and derivative markets are shut for the day; no cash or F&O trading.

India's headline retail inflation — the number the RBI targets at 4%. Highest since Dec 2024.

Tenth straight weekly gain - a bigger RBI buffer against rupee volatility.

Strips out food and energy — the Fed watches this for the underlying trend.

Second-lowest reading since 1952; 1-year inflation expectations jumped to 4.6% on record September pump prices.

Headline US inflation, year-on-year. Core CPI came in at 2.4%.

Weekly pulse on layoffs — the fastest-moving US labour market indicator.

Sales fell as inventory hit a 4.9-month supply — buyers are gaining leverage as rates bite.

Commercial crude stocks slipped to 424.1M bbl, in line with the five-year average — a read on US oil demand.

The fastest weekly signal on US layoffs.

Quarter ended Aug 31, 2026: total revenues $19.345B, cloud revenue $11.607B up 62%, cloud infrastructure $7.388B up 121%, GAAP net income $4.760B ($4.679B available to common after $81M preferred dividends), diluted EPS $1.56, RPO $664B.

Quarter ended Aug 28, 2026: record revenue $6.76B, GAAP net income $1.827B, GAAP diluted EPS $4.62, FY26 revenue target raised to $26.58B-$26.63B.

Tracks prices at the factory gate — an early warning for consumer inflation.

First ECB hike of the cycle; the statement said inflation stays well above target for an extended period.

Factory-gate inflation beat at 3.8% on commodity costs and tech demand; core CPI edged up to 1%.

Tracks how much households are borrowing on cards and loans — a gauge of consumer appetite and stress.

Auto exports rose 43% and semiconductor exports 129.8% — a read on global goods demand ahead of the holiday season.

NYSE and Nasdaq shut; weekly US statistical releases shift a day later.

The group paused its monthly hikes while it reviews member capacity to set 2027 baselines — a supply signal for crude prices.

Reserves are the RBI's buffer for defending the rupee; FCA rose $9.34B and gold $2.19B.

Held steady — a rising jobless rate is what would push the Fed to cut faster.

The single biggest read on US job creation; shapes how fast the Fed cuts or holds. Unemployment rate held at 4.1%.

Week ended Aug 29. Layoffs still historically low.

Q2 revised: productivity +1.4%, unit labour costs revised down to +1.2%; labour share 52.8%, lowest since 1947.

Beat the 50.6 consensus; services hiring rose for a fourth month, the longest run since 2023.

Final August readings came in a tick under the flash — euro-area private-sector growth is steady but slow.

Services PMI 55.4, 26th month of expansion; new orders 60.9, but employment still contracting at 47.8.

Wider deficits subtract from GDP and feed the tariff debate.

Final August reading, revised down from the 54.5 flash; hiring hit a 15-month high even as new orders stayed soft.

July new orders for manufactured goods rose to $663.6B from $657.8B.

Week to Aug 28: stocks fell to 424.5M bbl, about 1% above the 5-year average.

Quarter ended Jul 31, 2026; total revenue $1,546.8M, product revenue $1,491.9M (+37% YoY); GAAP net loss attributable to Snowflake $191.7M (-$0.55/diluted sh); RPO $9.00B (+30% YoY); FY27 product revenue guidance raised to $6,070M (+36%).

Activity rose modestly since early July, led by data-centre demand; employment up very slightly; prices up moderately in 8 of 12 districts.

An early private-sector read on hiring, two days before the official jobs report.

Quarter ended Aug 2, 2026; GAAP net income $13.088B, GAAP diluted EPS $2.68; infrastructure software revenue $8.75B; Q4 FY26 revenue guidance ~$34.8B; quarterly dividend $0.65/share.

Auto demand is a live read on US consumer spending and credit appetite.

July construction spending slipped to $2.158T from $2.168T.

Final August reading, a shade under the 52.8 flash but still the strongest since May 2022; output grew for a third month.

August ISM Manufacturing PMI - still in expansion.

Openings per unemployed worker is the Fed's favourite gauge of labour-market slack.

Festive stocking: Maruti +35% to 1,76,971; Tata PV +59% to 65,253; M&M SUVs +50% to 59,257; Hyundai +23.6% to 54,396.

Above 50 means factory activity is still expanding.

Monthly GST take is the cleanest high-frequency read on domestic demand; August rose 14.8% YoY.

Private-survey counterpart to the official PMI — skews to smaller exporters.

Energy at 14.3% pushed euro-area inflation further above the ECB's 2% target.

China's factory gauge stayed below 50, the line between expansion and contraction; non-manufacturing was 49.0.

Headline growth number for the economy; came in above the RBI's 7% projection.

First read on Apr-Jun growth. RBI has just raised its full-year FY27 call to 6.7%.

India's import cover and the RBI's firepower to steady the rupee.

Revised up from the 51.0 preliminary but still -6.3% on July; year-ahead inflation expectations eased to 4.0%.

Preliminary benchmark cut total non-farm employment by 79K (private -178K); economists had looked for an upward revision.

Factory, mining and power output - the monthly pulse of India's industrial economy. Manufacturing rose 7.3%.

Chair Warsh's first Jackson Hole keynote: economy at full employment but inflation 'more concerning'; named PCE as his gauge and called financial conditions not restrictive.

July goods deficit widened to $119.6B from $102.0B; figure is the BOP-basis goods balance, which revises the advance print.

The fastest weekly signal on US layoffs.

Auto demand is a big-ticket read on household willingness to borrow and spend.

Crude stocks 428.9M barrels, about 1% above the five-year average; gasoline drew 2.5M.

GAAP EPS $4.29 includes $2.43 per share from $2.61B of gains on strategic investments; FY27 revenue guidance raised to $46.1-46.4B.

Orders for long-lived goods; a lead indicator for business investment.

Second read on Q2 growth; unrevised from the advance estimate.

The inflation measure the Fed actually targets at 2%.

GAAP net income $59.69B and GAAP EPS $2.46 include $7.77B of net gains on equity securities; Q3 FY27 revenue guided to $108.0B plus or minus 2%.

Tracks homebuilding activity, a rate-sensitive part of the economy.

Gauge of housing demand at current mortgage rates.

How households feel about jobs and income — a lead indicator for spending.

Big beat: activity fastest since April 2022 as a services surge offset a 5-month low in factories; S&P says Q3 is tracking near 3% annualised vs 1.5% in Q2.

Layoffs stay historically low, though the 4-week average rose to 204,000 and continuing claims climbed to 1.80M.

China's benchmark lending rate sets mortgage and corporate loan pricing; no cut since May 2025.

Total revenues $187.94B; operating income +28.8% to $9.38B; GAAP net income attributable to Walmart $6.37B; company raised FY27 adjusted EPS outlook to $2.80-$2.87.

A second straight build, but far smaller than last week's 17.4M surge. Rising stocks weigh on crude prices.

Target raised full-year EPS guidance to $9.90-$10.90 including the tariff refund, or $8.25-$9.25 excluding it.

Malhotra wants more clarity on inflation before recalibrating; Dy Gov Gupta sees CPI peaking near 5.9% in Q3.

Driven by the 13% Ofgem energy price cap rise - gas +14.7%, the most since Oct 2022. Keeps the BoE cautious on cuts.

Minutes show the hawkish camp is bigger than the 3 dissenters; Warsh also floated cutting to six meetings a year.

Starts fell 12.4% from June and 13.5% below a year ago (single-family 808K, -9.9%), but permits rose 5.0% to 1.443M - a weak build month with a healthier pipeline.

Net earnings $4.766B; company reaffirmed FY2026 guidance of 2.5-4.5% total sales growth and flat-to-2% comparable sales.

Second straight monthly gain, led by factory output; capacity utilisation edged up to 76.3%, still below its long-run average.

Biggest monthly drop in over a year; autos -1.8% and online -2.2% led the pullback.

Sentiment fell 7.6% and year-ahead inflation expectations rose to 4.3% — a caution signal for spending.

India's largest iron ore miner — volumes are a read on steel demand.

Pre-sales, not profit, is the number that moves realty stocks.

Steep fall as one-off lenalidomide (generic cancer drug) sales faded from the base.

Wholesale inflation eased slightly; fuel & power +20.05% still far above retail CPI at 4.45%.

Weekly layoffs proxy — 209K, up from 200K the prior week; still historically low.

Producer (factory-gate) inflation — final demand +4.7% YoY, unchanged MoM (SA); cooling from June's 5.5%.

Stock hit the 20% upper circuit on the print.

A wider deficit means more dollars leaving India — pressure on the rupee.

Headline P&L not yet independently verifiable; order book and guidance shown instead.

Tata Motors Passenger Vehicles Ltd (TMPV) — the PV/EV/JLR entity after the Oct-2025 demerger (former Tata Motors Ltd, BSE 500570). Distinct listed co from Tata Motors (Commercial Vehicles, BSE 544569, Aug-12 row) — NOT a duplicate.

India Gate basmati maker: much stronger margins on a softer topline; earnings call 17 Aug.

Tracks US oil supply/demand balance — a driver of crude prices.

Factory output accelerated, led by manufacturing and capital goods.

Tata Motors Ltd — the Commercial Vehicles entity (BSE 544569) after the Oct-2025 demerger; distinct from Tata Motors Passenger Vehicles (TMPV, the Aug-13 row) — NOT a duplicate. Board Aug 12.

Bearings maker — automotive biz demerged; the -47.6% headline is vs the pre-demerger ₹118 cr base that INCLUDED automotive; continuing Industrial ops grew. SKF India ≠ SK Finance ≠ SBFC Finance. Board Aug 12 (date corrected from Aug 11).

Defence PSU — order-book execution read; stock at 52-week high on results.

LNG importer — revenue swings with gas prices/volumes; earnings driven by regas margins. Standalone headlined per outlets (cons barely differs).

Aditya Birla flagship (cement via UltraTech, VSF, chemicals, B2B/paints); consolidated headlined per house rule.

Headline US inflation - the number the Fed and bond markets react to first.

Retail inflation is the RBI's target variable - it decides the repo rate path.

GAAP net income $1,178M; gross margin 17.5% (vs 9.5% a year ago); record $60B+ new orders; FY27 revenue outlook $65–72B.

India's largest online recruitment (Naukri) plus real-estate/matrimony platform; also holds large Zomato and PB Fintech stakes.

Logistics leader; profit fell on Ecom Express integration & network costs despite strong parcel-volume growth.

Specialty oleochemicals maker (food/plastic additives).

Precision defence/energy components. Consolidated PAT +19.5%, rev +25.9%; EBITDA ₹64.1 cr, margin 37.6%. Standalone published as the clean absolute.

Loss narrowed on cost cuts but revenue slid on price cuts and lower volumes; consolidated per house rule.

Mid-market hotel chain; profit up on higher occupancy and room rates.

Snack-foods maker; sharp profit rebound as Rajkot plant resumed after last year's fire; earnings call Aug 10.

India's largest bank; standalone PAT is the headline per the bank house rule (consolidated carried alongside).

Defence & space optics/electronics. PBT ₹28 cr (+44%); ₹1 dividend, record date Aug 28.

Consolidated PAT fell 34% on a margin squeeze — EBITDA ₹152 cr (-17%), margin 18.7% vs 22.2%; EPC/execution costs doubled. Order book 4.4 GW.

Wind O&M arm of Inox Wind; consolidated net profit nearly doubled YoY.

Upstream oil & gas PSU (distinct from Indian Oil / OMC refiners) — profit surges on high crude realisations.

The single biggest read on the US labour market; drives Fed rate expectations.

Weekly count of new unemployment filings — the fastest read on the labour market; still historically low.

Q2 ended Jun 2026; revenue $3.61B beat $3.58B est; GAAP net income $816M; diluted EPS $1.37; management raised FY guidance to at least mid-teens revenue growth.

Diversified financials; profit jump led by alternative asset-management and MF gains.

Corrected — the prior auto-fill carried a wrong revenue (₹219 cr, +16%); verified rev is ₹230.98 cr (+22.8%).

IT services; consolidated per house rule. Margin compression on AI-native transition; book-to-bill 1.18x.

World's largest 2-wheeler maker (Nifty 50). Consolidated PAT down 17% on JV/associate drag even as standalone PAT rose 29% to ₹1,454 cr; volumes 16.77 lakh units (+23%). ₹1,706 cr was Q1 FY26, not this quarter. Consolidated headlined per house rule.

Train ticketing led (39% of revenue); adj EBITDA dipped on hotels + AI-platform investment.

Hospital + diagnostics growth drove double-digit revenue; margins eased on higher opex.

Consolidated PAT +16%; EBITDA ₹2,450 cr, margin 29.6%; strong US/branded-generics growth.

US commercial crude stocks rose ~3.0M bbl (vs a ~1.9M draw expected) — a bearish surprise on softer demand.

Services PMI 54.1 — 25th straight month of expansion but below 54.5 est; Business Activity jumped to 59.1 & New Orders 57.2, yet Employment slipped to 47.4 (contraction) and Prices stayed hot at 70.3.

Annualised pace of new-vehicle sales; a read on big-ticket consumer demand.

ADP private payrolls rose just 44K in July — weakest in 6 months, below ~70K est; all gains in services (+47K), goods -3K; annual pay +4.4%.

Trailing-12-month free cash flow topped $10B for the first time.

GAAP net income $2.64B vs $5.26B a year ago on prior-year one-time tax benefits.

GAAP net income $1.50B included ~$1.06B of equity investment gains; ex-equity ~$439M.

Services PMI (final) eased to a 4-year low from 57.4 in June on softer new business — still expansionary above 50.

Profit surged off a low base (Q1 FY26 PAT ₹10 cr); glass-lined-equipment order intake strong. Consolidated per house rule.

Volume-led turnaround on operational efficiencies/cost rationalisation, not revenue growth.

Higher input/employee/other costs squeezed margins despite double-digit revenue growth.

NOT to be confused with JK Cement (separate, bigger co; its Q1 was ₹274.62 cr -15%). Fuel/material costs + a ₹130 cr exceptional charge drove the decline.

Biopharma major — profit jump led by biosimilars & generics; consolidated per house rule.

Raised full-year guidance; reported EPS included $3.03 of acquired IPR&D charges.

MPC held the repo rate at 5.25% for a 4th straight meeting and kept the neutral stance (SDF 5.0%, MSF 5.5%); Gov. Sanjay Malhotra flagged inflation edging above target on fuel/food, seen peaking in Q3 — the repo rate sets loan EMIs and bank margins.

Deficit narrowed $4.4B as imports fell — a small positive for Q3 GDP.

Job openings eased from 7.54M — a mild labour-demand cooling the Fed tracks.

Record revenue led by data center; Q3 revenue guide $12.7–13.3B.

Auto-components supplier; record quarterly revenue tracks strong OEM demand.

Volume-led (patients +10%, tests +11%); specialty & TruHealth outgrew; FY27 guide kept at 14-16% growth. Results declared Aug 5.

Beauty GMV +28%; margins at a 12-quarter high — profitability inflection.

Flat bottom line despite +15% income — depreciation/finance costs on new capacity (Subansiri Lower 250MW). Corrected an earlier over-stated auto-fill.

Air-cooler maker; profit dipped on a softer cooling season.

India's largest oil & gas producer; standalone soared on high crude prices, consolidated hit by refiner arm HPCL.

Rail-transport PSU consultancy; margin eased YoY.

Tariff hikes + subscriber upgrades drove ARPU; telecom bellwether.

Margin squeeze despite strong revenue; stock fell ~14% on the print.

Luggage maker; revenue grew but margins compressed on higher costs.

Private-survey read (now RatingDog-branded) on China's smaller exporters — stayed in expansion at 50.9 even as the official NBS PMI fell to 49.2.

GAAP net income $1.06B (55% margin); GAAP operating income $912M (47% margin).

Factory activity pulse — above 50 means expansion. Jul jumped to 55.6, highest since May 2022, well above the 54.0 forecast (Production 58.5, Employment back in expansion at 52.8).

Factory-activity gauge — above 50 signals expansion. Jul eased to 53.5 (June 54.2), the softest reading in nearly five years and below the 53.9 flash; still a 57th straight month of expansion.

India's largest stainless-steel maker; MD flagged West-Asia conflict disrupted production. Results out Aug 3; call Aug 4.

Real-estate bellwether; profit edged up even as revenue fell on lower sales bookings/deferred launches.

Cryogenic-equipment maker; steady revenue growth, healthy order inflow. Results out Aug 3; call Aug 4.

Hotel operator; steady RevPAR growth despite geopolitical headwinds (no absolute Q1 PAT in press — operational basis).

Fintech turned in its third consecutive profitable quarter; shares jumped ~8%.

IT services large-cap; EBIT margin 13.5% (-280bps QoQ), record TCV $1.15bn incl a $650M deal; signed a business-combination agreement to acquire Nagarro SE.

Consolidated PAT ₹263.11 cr (+11% YoY vs ₹237.17 cr); Rev ₹5,606.71 cr (+8%). Sales volume -6% but pricing power + product mix expanded margins.

Gross GST ₹2.11 lakh cr (+15.4% YoY); net after refunds ₹1.81 lakh cr (+15.8%); domestic +10.1%, imports +28.8% (₹66,511 cr). A real-time gauge of activity and consumption.

July dispatches: Maruti 241,421 total (domestic all-time high 200,123); M&M 1,03,860 (+26%, SUVs 60,048 +20%, dom tractors 32,643 +21%); Hyundai 75,360 (+25.4%, dom 54,210); Tata Motors 39,641 (+37%). A demand pulse for autos and consumer spend.

Consolidated PAT ₹2,825 cr (+43% YoY vs ₹1,974 cr); AUM ₹1,91,532 cr (+43%); EPS ₹69.72. Board flagged leadership succession — Alexander George MD, George Alexander Muthoot Exec Vice Chairman, K R Bijimon CEO, all eff 1 Oct 2026.

Consolidated PAT ₹48 cr (-6% YoY vs ₹51 cr); Rev from ops ₹287 cr (+21.6%); EBITDA ₹56 cr (+12%), margin 19.5% (vs 21.2%). Sonal Ramrakhiani appointed CEO.

Wages+benefits both +0.9% in Q2; a touch above the +0.8% consensus — a stickier read on labour-cost pressure the Fed watches.

Revenue beat on higher oil prices; profit held back by planned refinery maintenance.

Volumes +29.3% and revenue +36%, but EBITDA margin slipped to ~8.2% (from 10.4%) on higher raw-material and operating costs, dragging profit lower.

Hydro PSU; consolidated PAT roughly flat as higher interest/finance costs offset a ~52% revenue jump; standalone PAT ₹259 cr.

Tiles maker's profit jumped 56% on volume growth and softer gas costs; a read on the building-materials / housing-demand cycle.

Lending drove the quarter (Bajaj Finance PAT +28%, BHFL +23%, Bajaj Life NBV +87%); board approved pursuing a re-insurance business. Headline is profit attributable to owners; total consolidated PAT was ₹6,297 cr.

Slid to a loss as the West Asia conflict spiked crude costs and squeezed refining margins, despite a record first-quarter throughput of 19.2 MMT.

Profit surge flattered by ₹528 cr of other income; core margin stayed thin — EBITDA margin eased to ~3.0% (from 3.8%) in the low-margin EMS model.

Profit fell as EBITDA margin compressed to ~16.8% (from ~29.7%) on the West Asia crude spike hitting input costs, even as revenue jumped 28%.

Both back below 50: factory PMI 49.2 (lowest since Feb, ends a 4-month expansion) and non-manufacturing 49.0 (sharpest drop in 3+ years) — a bellwether for global demand and commodities.

BoJ held its policy rate at 1.00% (8-1 vote; Takata dissented for a 25bp hike) and signalled readiness to hike further. BoJ policy shifts ripple through the yen and global carry trades.

Transaction revenue fell on a ~25% QoQ drop in crypto spot volumes; posted a GAAP net loss.

Weekly initial claims rose to 197K from 188K but stayed historically low — no sign yet of labour-market cracking.

GAAP net income $4.39B (+19% YoY); operating margin 60.2%; gross dollar volume $2.9T; $4.9B buybacks in the quarter.

Profit up 19% YoY but -21% QoQ vs ₹2,965 cr on a one-time loss; board cleared a ₹33,873 cr NINL (Odisha) expansion.

Driven by auto + farm-equipment volume growth, stronger M&M Financial Services and Tech Mahindra margins; 400-500bps commodity inflation a drag. Parent M&M — distinct from MMFSL, which reported Jul 21.

Record AUM ₹5.47L cr (+23.9%); new loans booked 1.61 cr (+20% YoY). Consolidates Bajaj Housing Finance — headline is attributable-to-owners PAT.

Defence shipbuilder: strong operating quarter with EBITDA margin up to 15.2% (from 11.5%). Corrects an earlier auto-fill that understated PAT/revenue.

City-gas margins squeezed by costlier raw gas procurement YoY, though profit recovered ~47% sequentially; volumes up ~7%.

Textile & acrylic-fibre maker's profit up ~50% on margin expansion (EBITDA margin 17.5% vs 13.7%). Corrects an earlier auto-fill that understated PAT/revenue.

Loss narrowed on quick-commerce scale — Instamart GOV +40%, food-delivery GOV ₹9,490 cr (+17%); EBITDA loss cut 32% to ₹650 cr.

Q2 net income includes ~$53.4B pre-tax non-operating gain (mainly Anthropic stake); AWS op income $16.6B.

Fed's preferred gauge cooled — headline PCE eased to 3.7% YoY (-0.1% MoM) and core to 3.3% (+0.1% MoM), both matching forecasts; energy fell on the Iran truce. Consumer spending +0.3%. Still above the 2% target.

Real GDP grew 1.5% annualized in Q2, cooling from Q1's 2.1% and below the ~2.1% consensus — consumer spending, investment and exports rose while government spending fell.

Fiscal Q3 ended Jun 27, 2026; GAAP gross margin 50.1%; EPS included ~$0.11 tariff-refund benefit.

MPC held Bank Rate at 3.75% in a 6-3 vote — three members wanted a 25bp HIKE on lingering energy-price risk (dissents up from two). July MPR: CPI at 2.6% but seen rising later in 2026. Next decision Sep 17.

Week to Jul 24: stocks 404.5M bbl, ~7% below the 5-yr average — a draw after last week's +2.0M build. Moves crude prices and energy stocks.

Record net revenue and loan originations ($14.8B); added 1.1M members to 15.8M (+35% YoY); adj EBITDA $358M.

Record revenue; results include $129M gain (~$0.14 EPS) from deconsolidation of Robinhood Ventures Fund I.

Consolidated per house rule. Sequential profit recovery on textiles; lower debt.

Consolidated per house rule.

Consolidated attributable-to-owners per house rule; OFAC settlement paid 14 May 2026. Operating quarter strong (record EBITDA); loss is one-off.

Consolidated per house rule (standalone/other summaries cite ~₹94 cr). Margin expansion on operating leverage.

Bank → standalone per house rule. Profit driven by better NIMs and lower slippages.

Consolidated per house rule. Record quarter on strong project execution.

Consolidated per house rule. Revenue nearly doubled on capacity ramp; margin compressed on mix.

Consolidated per house rule. Strong operational turnaround on margin expansion.

Consolidated per house rule. Profit fell on a one-off residential base; hospitality/annuity core grew double-digit.

HELD unfilled per no-guess bar (demerger trap). After the May/Jun-2026 demerger, Vedanta split into separately-listed Aluminium / Oil & Gas / Power / Iron & Steel entities + the VEDL parent; each reported Q1 SEPARATELY (Oil&Gas PAT +₹945 cr, Iron&Steel +₹121 cr, Power −₹423 cr loss; Hindustan Zinc, still a VEDL sub, PAT ₹5,469 cr ~2x YoY). No clean single VEDL-parent consolidated Q1 number available — do NOT fill VEDL with a demerged-entity figure (same class of trap as Tata Motors CV/PV).

Consolidated per house rule. Profit fell on a high pre-sales base (Q1 FY26 had ₹12,126 cr pre-sales); operations steady.

Consolidated (continuing ops) per house rule. Brand turnaround lifted margins to a record.

Profit pressured by ~$2.4B legal charge + ~$1.18B severance (8,000 role cuts); operating margin 31%.

Fiscal Q4 ended Jun 30, 2026; net income $35.8B (+31%); FY26 revenue $331.8B.

Held the target range at 3.50-3.75% (upper bound 3.75%) on a 9-3 vote; three dissents (Hammack, Kashkari, Logan) favoured a 25bp hike as inflation stays above 2%. Chair Warsh. Sets the US policy rate — moves global bonds, the dollar and risk assets.

Factory-output gauge (new 2022-23 base year); June growth accelerated to 7.3% YoY, led by manufacturing and capital goods.

Fiscal Q3 (ended Jun 30): net revenue +14% to $11.6B, payments volume +10%, 71.7B processed transactions; non-GAAP EPS $3.32.

Record quarterly revenue $1,065.4M; product revenue +215%; GAAP net income $196.3M; operating income $182.2M; FY26 guide raised to $3.9-4.2B.

Q2 revenue up 8% to $24.6B; loss widened on $280M VC-25B (Air Force One) charge; 171 commercial deliveries, highest since 2018.

Q2 revenue +5% to $8.68B; adjusted EPS $1.38 beat; GAAP net income $1.1B ($1.25/sh); raised full-year non-GAAP EPS guidance.

Gauge of US household mood — a lead read on spending and demand. Fell 1.4 pts; Present Situation 114.9 (3rd monthly drop), Expectations flat at 74.7.

Wind-energy major. Revenue jumped but PAT slipped on logistics disruption and project-mix change; margin contracted. Consolidated basis.

PepsiCo's largest bottler outside the US. VBL reports on a calendar year, so this is Q2 CY2026. Consolidated basis (house rule for non-financials).

Orders for long-lasting goods — an early read on business-investment appetite. Jun rose +0.3% MoM ($334.8B) after a volatile spring (Apr +8.5%, May -4.5% on swings in aircraft orders).

Mid-cap IT bellwether; Encora consolidation drove the 49% revenue jump and 110% PAT growth. Consolidated basis (house rule for IT). Corrected 28 Jul — auto-fill had wrong ₹3,080cr/-16% figures.

Small-finance lender transitioning to a universal bank — deposit costs are the pressure point.

Microfinance stress and deposit costs are the swing factors for this lender.

Diagnostics bellwether — fastest revenue growth in four years on volume + pricing.

First read on July US activity — composite at an 8-month high signals resilient growth.

India's biggest power generator — capacity additions and plant load factors matter most.

Follows JSW Steel's strong quarter — a second read on steel prices and spreads.

Large public-sector lender; its provisional update already showed advances up 17%.

Largest retail NBFC — AUM growth signals vehicle/SME credit demand.

Largest private life insurer — APE and VNB margin gauge new-business momentum.

Weekly layoffs pulse — the fastest read on the US job market; a multi-month low.

Fastest revenue growth since 2011 on AI-driven data-center demand; the GAAP loss reflects charges while non-GAAP profit returned.

Profit fell 39% on weaker US business & higher expenses; FY27 margin guidance maintained.

Recently listed e-commerce platform — losses roughly halved as revenue grew 48%.

Mid-cap IT with heavy BFSI exposure; management guided to further sequential acceleration in Q2 FY27.

Airline swung to a loss on an 86% jump in fuel expenses despite 20% revenue growth.

Deposit rate held at 2.25% (unanimous); Lagarde flagged a possible move at the September meeting amid the energy-price shock.

Steady growth quarter; profit dipped sequentially. Ashiss Kumar Dash named CEO-designate.

Crude stocks rose for the week to Jul 17, reversing the prior week's draw.

Profit jumped on higher generation; board approved a ₹15,000 cr QIP and a higher debt ceiling.

Profit and revenue rose on 27% capacity growth to 20.1 GW; highest-ever quarterly EBITDA.

OMC slid into loss as the West Asia crude spike lifted input costs while fuel prices were held down.

Profit recovered on sharply lower provisions and slippages; NII near-flat as advances shrank YoY.

Premium liquor volumes are a clean signal of urban discretionary spending.

Renewable-capacity ramp — a proxy for India's green-energy build-out.

Profit fell on higher finance costs and depreciation from aggressive capacity expansion; installed base 14,535 MW.

Profit fell on a ₹106 cr one-time actuarial charge tied to India's new labour-code wage definition; EBITDA up 8%.

A staples bellwether — volume growth signals whether urban consumption is recovering.

Loss driven by holding petrol/diesel/LPG prices below cost during the crude spike; ₹3,485 cr LPG under-recovery.

Profit slumped on a semaglutide API inventory provision and a 35% fall in North America sales.

Revenue leapt as Blinkit's inventory-led (1P) model grosses up sales; quick commerce turned adjusted-EBITDA positive.

Net income up 298% to $112.1B, largely unrealized equity-securities gains; operating income $40.8B (+30%).

GAAP net income $1.11B (-5% YoY); operating income $398M (-57%), operating margin 1.4%; record 480,126 deliveries.

Profit growth came from lower provisions rather than lending — advances up 16.4% but NII up only 6%.

Record quarterly revenue; standalone profit runs above consolidated because the financial-services arm drags the group number.

Domestic like-for-like RevPAR up 14%; portfolio now 645 hotels after 11 openings in the quarter.

Consolidated YoY is not like-for-like — Bajaj Auto International Holdings was folded in from Nov 2025 with a one-quarter reporting lag, so much of the 65% revenue jump is inorganic.

A ₹532 cr swing in regulatory deferral balances flatters the profit jump; total PAT including minorities was ₹1,237 cr.

Beat estimates — volumes 41.31 MT (+12.2%), EBITDA ₹5,146 cr (+12.1%), grey cement realisation ₹5,218/tonne (+3.7%).

Record quarterly EBITDA ₹203 cr (+182%), margin 8%; cash balance ₹13,529 cr. Board also took up a maiden bonus issue.

Lower provisions (-45% YoY) and ~15% loan growth offset NIM pressure.

Beat on a ~44% drop in provisions; core NII +8% to ₹14,646 cr; NIM eased to 3.46%.

Beat estimates; consolidated PAT ₹15,440 cr (+14%); provisions down ~30% YoY.

NIM slipped to a record-low 3.26%; gross advances +15.4% YoY.

Housing starts rebounded sharply from May's weak 1.20M; building permits, a leading gauge, eased to 1.37M (-3%).

Factory, mining and utility output edged up in June — a gauge of the industrial economy's health.

Second straight monthly rise and highest since February on cheaper gas; 1-yr inflation expectations eased to 4.2% from 4.6%.

Profit more than doubled and beat the ~₹3,070 cr estimate on stronger steel prices, higher volumes and a better product mix.

India's largest company by market cap — sets the tone for energy, retail and telecom.

Weekly layoffs pulse; 208K is a multi-week low — labor market still tight.

Core gauge of US consumer spending; June +0.2% MoM, +6.7% YoY (gas-station drag; ex-gas +0.7%).

Reliance's financial-services arm; profit up on dividend income, Jio Credit AUM ₹30,667 cr (2.6x YoY).

No.3 IT exporter; muted profit, soft Q2 guide (-1.5% to +0.5% CC), ₹2 interim dividend.

Crude stocks fell 1.7M bbl to 409.7M (~6% below the 5-yr average), swinging back to a draw after last week's build — supportive for oil prices.

Wholesale inflation cooled to 5.5% YoY (-0.3% MoM SA), below the 6.2% forecast and down from 6.0% — echoing the soft June CPI and easing pressure on the Fed's PCE gauge.

Second day of the semiannual Monetary Policy Report — followed the soft June CPI/PPI as traders parsed the rate path into the July 29 FOMC.

Wholesale inflation rose to 9.87% on fuel (+27.4%) and food (+6.14%) — far above retail CPI at 4.38%, a squeeze on producer margins.

Headline CPI fell to 3.5% YoY; prices dropped 0.4% on the month, the biggest 1-month fall since April 2020, as energy slid 5.7%. Core held at 2.6%.

PAT +20% YoY, revenue ₹34,579 cr (+13.9%); ₹12/share interim dividend; FY27 guidance held at 1-4% cc.

Deficit widened ~59% YoY as imports (+31%) outpaced exports (+15.5%) — pressures the rupee and current account.

17-month high — food inflation crossed 5% (5.32%), firming the case for a hawkish RBI on Aug 4-6.

Layoffs staying low even as hiring cools — claims steady near 215K.

Kicked off India's Q1 season — ₹12 interim dividend, $9.5B order book, margins at 24%.

First build after 10 straight weekly draws — a swing factor for crude prices.

NYSE & Nasdaq shut (July 4 falls on Saturday); thin global liquidity.

Weak +57K print — hiring is cooling, which feeds Fed rate-cut expectations.

Weekly US crude stockpile change — moves oil prices and energy stocks.

Indian equity, F&O and currency markets shut for the day — no trading.

Indian equity markets shut for the day — no cash or F&O trading.

Weekly US crude stock change — moves oil prices and energy stocks.

Weekly US oil stockpiles — swings crude prices and energy stocks.

Upper bound of the fed funds target — anchors global rates and the dollar.

Key US inflation print; drives Fed policy path and US bond yields.

Headline US labour-market gauge; shapes Fed rate expectations and global risk sentiment.