Oracle Financial Services Software reported a 121% year-on-year surge in consolidated net profit to Rs 1,416 crore for Q1 of FY2026. Revenue from operations rose 69% to Rs 3,125 crore, led by a 75% increase in products revenue and 6% growth in services revenue. The company also said it signed multiple global strategic deals during the quarter spanning customers in the U.S., Mexico, Japan, South Africa and India. It added that the performance reflects progress in commercialising its AI-first financial cloud offerings and faster customer adoption.

Nestle India posted a sharp pickup in its June-quarter performance, with revenue up 25.2% year on year and EBITDA margin at 24.2%, the highest for a June quarter in nearly four years. The margin, however, eased by 2.1 percentage points sequentially, reflecting higher operating costs. The shares touched an all-time high even as the stock trades at around 75 times trailing earnings, near the top of its five-year valuation range. The company flagged higher advertising spend and commodity and pricing uncertainty linked to the ongoing West Asia conflict as potential near-term drags on margins.

A fire at a joint operations data centre in Greater Kailash, New Delhi, disrupted services for multiple customers, including Google Cloud. Tata Communications set aside a Rs 30.1 crore provision for estimated losses from the incident and recorded a one-time Rs 44.78 crore staff cost optimisation charge. Consolidated net profit fell 29.35% year on year to Rs 134 crore in the quarter, weighed by restructuring and outage-related exceptional losses. The disruption hit the company’s enterprise cloud delivery capability and customer confidence.

Former US President Donald Trump has proposed a phased tariff plan on imported generic drugs, keeping duties at 0% for two years from August 2026 before lifting them to 100% for one year and then 200%. India, the largest supplier of generics to the US, including companies such as Dr Reddy’s, says it cannot shift manufacturing to the US in the near term. If implemented, the tariffs could either raise US selling prices or squeeze margins. The measure has not taken effect and there is no legislative or enforcement timetable, but it has heightened concerns over costs and pricing stability across the global generics supply chain.

Bharat Petroleum Corp. Ltd. (BPCL) reported a standalone net loss of Rs 3,962 crore for the first quarter of FY2024, versus a profit of Rs 6,124 crore a year earlier. Revenue rose 23% year on year to Rs 1.59 lakh crore. The loss was driven by inventories shifting to a positive Rs 18,368 crore from a negative base, a 70% jump in raw material costs to Rs 9.06 lakh crore, and lower refinery throughput. The performance came in well below market expectations, highlighting pressure on the refinery profitability model.

IBM is set to report second-quarter 2024 earnings on Wednesday, with investors focused on whether the company’s AI strategy is translating into stronger revenue and margins. The stock has stabilized in the $210–$215 range after sliding nearly 25% earlier this month. Wall Street consensus forecasts revenue of about $17.2 billion and adjusted earnings per share of around $2.93. Investors will scrutinize software revenue, consulting results, infrastructure demand and AI-related bookings, according to TradingView, Yahoo Finance and Reuters.

India has approved financial support of 1.9 trillion rupees ($19.7 billion) to boost domestic chip and smartphone production and is screening more than 100 key imported products for local manufacturing, including electronics, chemicals and fertilizers. A basket of 15 import-substitution-linked stocks has outperformed the NIFTY5 index by more than 22 percentage points. The effort is an upgrade to the “Make in India” policy aimed at easing a $333 billion trade deficit and reducing supply-chain vulnerabilities.

Asian equities extended gains for a second session, with the MSCI Asia Pacific Index up 0.8% and South Korea’s Kospi jumping more than 5%. The move followed the Nasdaq 100’s best session in three weeks as a key semiconductor gauge surged 5.2%, helping offset worries tied to firmer oil prices. Brent rose 0.6% to $91.52 a barrel and gold traded above $4,080 an ounce.

GE Vernova, the power-equipment company spun off from General Electric, has rallied more than 500% since it began trading independently on the NYSE in April 2024. In its first-quarter 2026 results, the company said orders rose 71% organically to $18.3 billion, including $2.4 billion of electrification equipment orders tied to data centers—more than all of 2025. GE Vernova raised its 2026 outlook for revenue, adjusted EBITDA margin and free cash flow, and completed the purchase of the remaining 50% stake in Prolec GE to bolster its grid-equipment supply.