Donald Trump's announcement of a deal to develop Pakistan's oil reserves is viewed with skepticism. Experts suggest it's a strategic move to counter China's influence and pressure India on trade, rather than a reflection of Pakistan's immediate hydrocarbon potential. The viability of these reserves remains unproven, requiring significant investment and time, especially given the risky locations.

Sona BLW Precision Forgings has issued a cease-and-desist notice to Rani Kapur, Sunjay Kapur's mother, over alleged defamatory information. The company refutes her claims of mismanagement and coercion, highlighting its professional management and independent board. Rani Kapur, who isn't a shareholder, plans to respond legally, while the company emphasizes transparency and adherence to corporate governance post-Sunjay's death.

The Asian Development Bank has revised India's GDP growth forecast for fiscal year 2026. The forecast is now 6.5 percent, down from 6.7 percent. This is due to global trade uncertainty and US tariffs. Despite this, India remains a fast-growing major economy. Growth will be supported by agriculture and services.

HDFC Bank and ICICI Bank both reported robust earnings growth for the June 2025 quarter, fueled by increased interest and non-interest income. HDFC Bank announced a bonus issue and dividend, with net profit rising 12.2%. ICICI Bank's net profit grew by 15.4%, driven by income growth, while both lenders expressed caution regarding margin pressures and certain retail lending segments.

RBL Bank's profit declined in the June quarter. The bank reported lower net interest income. This was due to reduced net interest margins. However, other income increased. The bank strategically reduced its unsecured lending. It focused on secured retail loans. The bank expects improvement in the second half of the fiscal year. Gross non-performing assets increased during the quarter.

ICICI Bank announced a robust 15.9% YoY increase in consolidated net profit, reaching Rs 13,558 crore for the June 2025 quarter. Core net interest income also saw a rise of 10.6%, climbing to Rs 21,635 crore. The bank's asset quality improved, with the gross non-performing assets ratio falling to 1.67%.

B S Nagesh retired as Shoppers Stop chairman after 34 years, during which he significantly influenced the company and Indian retail. Nirvik Singh, with extensive experience in advertising and brand strategy, has been appointed as the new chairman. The retailer also reported an 8.6% increase in operational revenue for the first quarter of June 2025.

SEBI is considering changes to scheme categorization, potentially allowing sectoral debt funds and investments in REITs and InvITs. The regulator is also exploring solution-oriented life cycle fund of funds with lock-in periods for goals like retirement. These funds could shift asset allocation over time, becoming more conservative as the target date approaches, with modifications to investment objectives and benchmarks planned.

Reliance Industries reported a 76% surge in quarterly profit, reaching Rs 30,681 crore, driven by gains from stake sales and robust growth across its O2C, retail, and digital services. Jio's strong performance, with an ARPU of Rs 209 and a large customer base, significantly contributed to the overall positive results.

Sebi wants to improve India's derivatives market. Ananth Narayan suggests extending F&O contract tenures. He highlights concerns about short-term trading dominance. Regulators worry about household savings in speculative trading. A Sebi study reveals significant losses for individual F&O traders. Recent regulations aim to discourage short-term trading. Sebi acknowledges industry concerns about revenue impact. The focus is on sustainable market practices.