🇺🇸 BOFA STICKS WITH FED HIKES DESPITE WEAK JOBS
• US payrolls fell 23K in July, while previous months were revised down by another 103K.
• Unemployment rate eased to 4.1%.
• Wage growth slowed to 3.2%, while labour-force participation declined.
• Despite weak jobs data, BofA expects the Fed to hike rates by 75 bps this year, starting in September.
• BofA says inflation remains the Fed’s primary concern.
• US payrolls fell 23K in July, while previous months were revised down by another 103K.
• Unemployment rate eased to 4.1%.
• Wage growth slowed to 3.2%, while labour-force participation declined.
• Despite weak jobs data, BofA expects the Fed to hike rates by 75 bps this year, starting in September.
• BofA says inflation remains the Fed’s primary concern.
US OFFICIAL: PROGRESS BETWEEN OMAN AND IRAN ON STRAIT OF HORMUZ, DEAL EXPECTED SOON
US HOUSING MARKET UNDER PRESSURE:
AMERICA’S LARGEST MORTGAGE LENDER REPORTED A $451.9 MILLION Q2 LOSS, SENDING ITS STOCK DOWN 35% — ITS BIGGEST-EVER DROP — TO AN ALL-TIME LOW.
30-YEAR MORTGAGE RATES HAVE CLIMBED TO 6.69%, THEIR HIGHEST LEVEL IN MORE THAN A YEAR.
AMERICA’S LARGEST MORTGAGE LENDER REPORTED A $451.9 MILLION Q2 LOSS, SENDING ITS STOCK DOWN 35% — ITS BIGGEST-EVER DROP — TO AN ALL-TIME LOW.
30-YEAR MORTGAGE RATES HAVE CLIMBED TO 6.69%, THEIR HIGHEST LEVEL IN MORE THAN A YEAR.
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US COMPANIES SEE GROWING BUSINESS INTEREST IN INDIA AS BILATERAL TRADE CROSSES $240 BILLION: ENVOY GOR
NMDC:
Sets Lump Ore Price At ₹5,250/Tonne & Fines Price At ₹4,500/Tonne w.e.f Aug 8, 2026
Sets Lump Ore Price At ₹5,250/Tonne & Fines Price At ₹4,500/Tonne w.e.f Aug 8, 2026
US SEMICONDUCTOR BUBBLE SHOWS SIGNS OF BURSTING:
SEMICONDUCTOR STOCKS’ WEIGHT IN THE S&P 500 HAS FALLEN TO 16.2%, DOWN FROM A JUNE 2026 PEAK OF 19.7%.
SEMICONDUCTOR STOCKS’ WEIGHT IN THE S&P 500 HAS FALLEN TO 16.2%, DOWN FROM A JUNE 2026 PEAK OF 19.7%.
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TARIFF RATIONALISATION TO CONTINUE; MORE MEASURES LIKELY IN FY28 BUDGET: FM NIRMALA SITHARAMAN
SK hynix Inc. said Friday it will invest a combined 54.3 trillion won (US$38.3 billion) to build new semiconductor fabrication plants in response to rapidly growing demand for artificial intelligence (AI) memory chips - Yonhap
EXCELSOFT TECHNOLOGIES | Q1 FY27 Results
• Net Profit: ₹9 Cr, ↑56% YoY, ↓45% QoQ
• Revenue: ₹80 Cr, ↑44% YoY, ↓1% QoQ
• EBITDA: ₹13 Cr, ↑30% YoY, ↓47% QoQ
• EBITDA Margin: 16.2% vs 17.9% YoY, 30.3% QoQ
• Net Profit: ₹9 Cr, ↑56% YoY, ↓45% QoQ
• Revenue: ₹80 Cr, ↑44% YoY, ↓1% QoQ
• EBITDA: ₹13 Cr, ↑30% YoY, ↓47% QoQ
• EBITDA Margin: 16.2% vs 17.9% YoY, 30.3% QoQ
UNIVERSAL CABLES | Q1 FY27 Results
• Net Profit: ₹70 Cr, ↑109% YoY, ↑27% QoQ
• Revenue: ₹945 Cr, ↑57% YoY, ↑12% QoQ
• EBITDA: ₹92 Cr, ↑58% YoY, ↑33% QoQ
• EBITDA Margin: 9.7% vs 9.6% YoY, 8.2% QoQ
• Net Profit: ₹70 Cr, ↑109% YoY, ↑27% QoQ
• Revenue: ₹945 Cr, ↑57% YoY, ↑12% QoQ
• EBITDA: ₹92 Cr, ↑58% YoY, ↑33% QoQ
• EBITDA Margin: 9.7% vs 9.6% YoY, 8.2% QoQ
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100% US TARIFF THREAT LOOMS OVER INDIA AS SENATE PASSES RUSSIA SANCTIONS BILL
The US Senate has passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by an 86–11 vote. The legislation would allow the US President to impose tariffs of up to 100% on goods from major buyers of Russian oil and gas, with India and China among the countries potentially affected.
The US Senate has passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by an 86–11 vote. The legislation would allow the US President to impose tariffs of up to 100% on goods from major buyers of Russian oil and gas, with India and China among the countries potentially affected.
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CANADA DEPORTS 3,323 INDIANS IN H1 2026, HIGHEST AMONG ALL NATIONALITIES
Canada removed 3,323 Indian nationals between January and June 2026, the highest number for any nationality, according to official Canada Border Services Agency (CBSA) data.
Canada removed 3,323 Indian nationals between January and June 2026, the highest number for any nationality, according to official Canada Border Services Agency (CBSA) data.
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ASTRAZENECA: CO GETS INDIA PERMISSION TO MARKET TRASTUZUMAB DERUXTECAN
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KIRAN VYAPAR | Q1 FY27 Results
• Net Profit: ₹19.45 Cr, ↑1% YoY, vs Net Loss of ₹10.46 Cr QoQ
• Revenue: ₹33.06 Cr, ↑21% YoY, ↑208% QoQ
• EBITDA: ₹24.19 Cr, ↑31% YoY, vs EBITDA Loss of ₹0.55 Cr QoQ
• EBITDA Margin: 73.2% vs 67.7% YoY and -5.1% QoQ
• Net Profit: ₹19.45 Cr, ↑1% YoY, vs Net Loss of ₹10.46 Cr QoQ
• Revenue: ₹33.06 Cr, ↑21% YoY, ↑208% QoQ
• EBITDA: ₹24.19 Cr, ↑31% YoY, vs EBITDA Loss of ₹0.55 Cr QoQ
• EBITDA Margin: 73.2% vs 67.7% YoY and -5.1% QoQ
B & A | Q1 FY27 Results
• Net Profit: ₹2.58 Cr vs Net Loss of ₹2.29 Cr YoY; vs Loss of ₹20.51 Cr QoQ
• Revenue: ₹71.60 Cr, ↑29% YoY, ↑64% QoQ
• EBITDA: ₹6.38 Cr vs EBITDA Loss of ₹0.01 Cr YoY; vs Loss of ₹15.55 Cr QoQ
• EBITDA Margin: 8.9% vs -0.0% YoY and -35.6% QoQ
• Net Profit: ₹2.58 Cr vs Net Loss of ₹2.29 Cr YoY; vs Loss of ₹20.51 Cr QoQ
• Revenue: ₹71.60 Cr, ↑29% YoY, ↑64% QoQ
• EBITDA: ₹6.38 Cr vs EBITDA Loss of ₹0.01 Cr YoY; vs Loss of ₹15.55 Cr QoQ
• EBITDA Margin: 8.9% vs -0.0% YoY and -35.6% QoQ
BANCO PRODUCTS | Q1 FY27 Results
• Net Profit: ₹122.40 Cr, ↑12% YoY, ↓17% QoQ
• Revenue: ₹1,183.90 Cr, ↑22% YoY, ↑8% QoQ
• EBITDA: ₹212 Cr, ↑16% YoY, ↓6% QoQ
• EBITDA Margin: 17.9% vs 18.8% YoY and 20.6% QoQ
• Net Profit: ₹122.40 Cr, ↑12% YoY, ↓17% QoQ
• Revenue: ₹1,183.90 Cr, ↑22% YoY, ↑8% QoQ
• EBITDA: ₹212 Cr, ↑16% YoY, ↓6% QoQ
• EBITDA Margin: 17.9% vs 18.8% YoY and 20.6% QoQ
RDB INFRASTRUCTURE AND POWER | Q1 FY27 Results
• Net Profit: ₹4.44 Cr, ↑63% YoY, ↑3% QoQ
• Revenue: ₹28.41 Cr, ↓58% YoY, ↑30% QoQ
• EBITDA: ₹0.61 Cr, ↓75% YoY, ↓10% QoQ
• EBITDA Margin: 2.2% vs 3.7% YoY and 3.1% QoQ
• Net Profit: ₹4.44 Cr, ↑63% YoY, ↑3% QoQ
• Revenue: ₹28.41 Cr, ↓58% YoY, ↑30% QoQ
• EBITDA: ₹0.61 Cr, ↓75% YoY, ↓10% QoQ
• EBITDA Margin: 2.2% vs 3.7% YoY and 3.1% QoQ
PNC INFRATECH | Q1 FY27 Results
• Net Profit: ₹331.90 Cr, ↓23% YoY, ↑208% QoQ
• Revenue: ₹1,688.50 Cr, ↑19% YoY, ↑4% QoQ
• EBITDA: ₹524 Cr, ↑42% YoY, ↑89% QoQ
• EBITDA Margin: 31.0% vs 25.8% YoY and 17.1% QoQ
• Net Profit: ₹331.90 Cr, ↓23% YoY, ↑208% QoQ
• Revenue: ₹1,688.50 Cr, ↑19% YoY, ↑4% QoQ
• EBITDA: ₹524 Cr, ↑42% YoY, ↑89% QoQ
• EBITDA Margin: 31.0% vs 25.8% YoY and 17.1% QoQ
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SURYALAKSHMI COTTON MILLS | Q1 FY27 Results
• Net Profit: ₹2.35 Cr, ↑61% YoY, ↑185% QoQ
• Revenue: ₹182.23 Cr, ↑2% YoY, ↓24% QoQ
• EBITDA: ₹16.29 Cr, ↑14% YoY, ↑35% QoQ
• EBITDA Margin: 8.9% vs 8.0% YoY and 5.0% QoQ
• Net Profit: ₹2.35 Cr, ↑61% YoY, ↑185% QoQ
• Revenue: ₹182.23 Cr, ↑2% YoY, ↓24% QoQ
• EBITDA: ₹16.29 Cr, ↑14% YoY, ↑35% QoQ
• EBITDA Margin: 8.9% vs 8.0% YoY and 5.0% QoQ
HBL ENGINEERING | Q1 FY27 Results
• Net Profit: ₹109 Cr, ↓24% YoY, ↑71% QoQ
• Revenue: ₹638 Cr, ↑6% YoY, ↑6% QoQ
• EBITDA: ₹147 Cr, ↓24% YoY, ↑97% QoQ
• EBITDA Margin: 23.0% vs 31.9% YoY and 12.4% QoQ
• Net Profit: ₹109 Cr, ↓24% YoY, ↑71% QoQ
• Revenue: ₹638 Cr, ↑6% YoY, ↑6% QoQ
• EBITDA: ₹147 Cr, ↓24% YoY, ↑97% QoQ
• EBITDA Margin: 23.0% vs 31.9% YoY and 12.4% QoQ