What were the 10 biggest stock market news stories in India last week? Let’s find out.
1. Wipro announced its Q1 FY26 financial results.
The company reported a net profit of ₹3,330 crore, which is 11% higher than the same period last year.
This number exceeded market expectations, as analysts had estimated ₹3,233 crore.
Wipro also declared an interim dividend of ₹5 per share, with a record date of July 28 and payment scheduled by August 15, 2025.
However, quarter-on-quarter performance wasn’t as strong — profit fell by 6.7% compared to the previous quarter.
The core IT services segment saw a revenue decline of 0.3% QoQ and 1.5% YoY.
2. India’s Oil Minister Hardeep Singh Puri shared a crucial oil supply update.
He said that even if oil imports from Russia are disrupted due to secondary sanctions, India can easily meet its oil needs.
He added that new suppliers like Guyana are entering the market, and old ones like Brazil and Canada remain reliable options.
Though sanctions are being discussed, India’s Russian oil imports remain stable and have actually increased slightly in the first half of 2025.
Russia continues to be India’s top oil supplier.
3. India made another big move towards green energy.
The Cabinet has allowed NTPC to invest up to ₹20,000 crore in its green energy subsidiaries — up from the previous cap of ₹7,500 crore.
NLC India Ltd has also been allowed to invest ₹7,000 crore in its subsidiary NLC India Renewables Ltd.
These steps aim to boost the country’s renewable energy capacity.
NTPC currently has 6 GW of green energy and targets 60 GW by 2032.
India also aims to reach 500 GW of non-fossil capacity by 2030.
4. IndiQube Spaces Ltd is launching its IPO on July 23.
The total IPO size is ₹700 crore — with ₹650 crore as a fresh issue and ₹50 crore as an Offer for Sale from promoters Rishi Das and Meghna Agarwal.
This IPO follows successful listings by competitors like Smartworks and Awfis.
5. Tata Sons plans to invest ₹3,300 crore in Tata Digital.
This investment will be funded from the dividend Tata Sons received from Tata Consultancy Services (TCS).
In 2024, Tata Digital had sold ₹9,300 crore worth of TCS shares to strengthen its financials.
In FY25, Tata Sons received a ₹32,700 crore dividend from TCS, in which it holds a 71.77% stake.
6. Patanjali Foods approved a 2:1 bonus share issue on July 17, 2025.
This means for every 1 share held, investors will get 2 new fully paid-up shares for free.
The face value of each share is ₹2.
The record date will be announced later.
Approximately 72.50 crore new shares will be issued.
After this bonus, the total share capital will increase from ₹145 crore to ₹217.50 crore.
7. SEBI Member Ananth Narayan raised concerns about the F&O market.
He pointed out that short-term contract volume in Futures and Options has become very high, which isn’t healthy for the market.
He hinted that SEBI might work on increasing the tenure and maturity of F&O contracts to improve market quality.
However, SEBI hasn’t made any official announcement yet.
8. Anil Ambani’s Reliance Power has approved a plan to raise ₹9,000 crore.
₹6,000 crore will be raised via equity — either through QIP, Follow-on Public Offer, or a combination of both.
Additionally, ₹3,000 crore will be raised through secured or unsecured, redeemable, non-convertible debentures.
The board has approved seeking shareholders’ permission for this plan.
The fundraise is targeted only at Qualified Institutional Buyers (QIBs) and will proceed after all necessary legal approvals.
9. Ambuja Cements received a “no objection” certificate from NSE for its merger with Sanghi Industries.
Ambuja had announced this merger plan in December 2023.
As per the merger terms, Sanghi shareholders will get 12 Ambuja shares for every 100 Sanghi shares held.
Now with NSE’s clearance, the merger process can move forward.
10. SBI launched a ₹25,000 crore Qualified Institutional Placement (QIP) — the largest institutional share sale in Indian history.
The demand was 4 times higher than the shares offered, with total bids worth ₹1.10 lakh crore.
Around 120 investors participated, including global giants like BlackRock Group and Marshall Wace.
This was SBI’s first major capital raise in 8 years, making the shares highly sought-after.
So these were last week’s Top 10 Stock Market Updates.
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