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Jindal Steel Ltd’s new managing director, Vidya Rattan Sharma, shifts the focus to the company's ‘upper middle management force’. View More
It's a busy week filled with Big Tech earnings, a Fed meeting and inflation data. View More
Amazon , Meta Platforms , Microsoft and Apple headline the busiest week of this summer earnings season. Plus, the Federal Reserve holds its July policy meeting, which adds intrigue following rekindled Middle East tensions. 1. Earnings: We've got 10 Club names reporting this week, including the other three hyperscalers on the heels of Alphabet earnings last week. Without further ado, let's get into it. All quarterly revenue and earnings per share (EPS) estimates are from LSEG. Estimates for other metrics are from FactSet. BA YTD mountain Boeing YTD Boeing kicks off the busy week of earnings on Tuesday morning . The stock is limping into the print, thanks in large part to rekindled Mideast tensions and the resulting surge in oil prices. The inverse relationship between oil prices and aerospace stocks has been on display since the Iran war first broke out on Feb. 28. Our investment in Boeing is predicated on CEO Kelly Ortberg cleaning up the planemaker to capitalize on strong long-term flying demand, so we've largely looked through this year's ups-and-downs for the stock. That patient attitude can be maintained as long as Boeing's financial performance shows improvement, which makes Tuesday's check-in critical. The biggest metric to watch is free cash flow, both for the reported quarter and its full-year guidance (currently for $1 billion to $3 billion). For the second quarter, Wall Street expects Boeing to report a cash burn of $179 million, before turning positive in the third and fourth quarters. We'll also pay close attention to any updates to Boeing's outlook for 2026 plane deliveries (currently 500) and the timeline for increasing monthly production of 737 Max jets. Revenue: $24.25 billion Earnings per share: loss of 30 cents GLW YTD mountain Corning YTD Corning , which will also report on Tuesday morning , has been absolutely crushed following a monster rally on seemingly no news at the end of June. As a result, management needs to reaffirm its status as a key beneficiary of the massive capital expenditure (capex) spending on data center infrastructure. The company must also provide an updated timeframe for the shift from copper wiring to fiber optics, which we expect to start ramping sometime around 2028. Any update on the company's multiyear Springboard growth initiative, such as long-term supply deals with hyperscalers or negotiations in the works, will no doubt be viewed positively by the Street. Since Corning's late April earnings report, it has inked deals with Nvidia and Amazon. Revenue: $4.61 billion Earnings per share: 76 cents PG YTD mountain Procter & Gamble YTD Our expectations for Procter & Gamble on Wednesday morning are fairly muted. For starters, CFO Andre Schulten said at an early June conference that U.S. consumer trends "have been softening," on the heels of the war-driven pickup in inflation. The other piece to the puzzle: P & G has to contend with the pickup in oil prices and associated supply chain problems for inputs sourced from the Middle East, most notably chemicals used in cleaning products. This means P & G is experiencing pressure on both its top line (consumer) and bottom line (elevated costs), explaining our subdued stance into the company's fiscal 2026 fourth quarter. In some respects, the most pertinent question is where P & G establishes its initial guidance for fiscal year 2027. The current consensus for FY27 organic sales growth is 2.2% and EPS of $7.02, implying a 2% year-over-year increase, according to FactSet. We'll also be listening to updates from new CEO Shailesh Jejurikar on his plan to invest in innovation and put P & G on solid ground to reaccelerate sales growth when the tough macro backdrop improves. Reinvigorated top-line growth could turn P & G into more than just a defensive hedge in our portfolio. We trimmed the position in early July, at roughly $152 a share. Revenue: $21.38 billion Earnings per share: $1.41 SBUX YTD mountain Starbucks YTD On a Wednesday night dominated by Big Tech, we'll also hear from Starbucks . Last quarter proved the "turn" in CEO Brian Niccol's turnaround had arrived . Now we want confirmation it's sustaining â measured by same-store sales growth on both a global basis and in the U.S., its most important market and the main focus of Niccol's revitalization efforts since taking over in September 2024. That's no longer all. Investors are demanding stronger profits after initially accepting a steep drop from Niccol's in-store investments. Accordingly, we want to see a second straight quarter with year-over-year improvement in adjusted operating margins and another EPS beat. Looming over the results is the impact that elevated gas prices had on consumers' willingness to buy coffee, tea, and energy refreshers away from home. We've also seen some analysts flag that this will be Starbucks' first report since its China operations went into a joint venture with private-equity firm Boyu Capital, creating some potential noise in the financials. Finally, while immaterial to the quarter, we hope Niccol is asked on the earnings call about a recent Bloomberg News report that Starbucks is using AI to develop in-house software to replace apps from the likes of IBM and Microsoft . We have deep respect for Niccol as a CEO and value his perspective on the embrace of AI tools in the workplace. Revenue: $9.16 billion Earnings per share: 66 cents META YTD mountain Meta Platforms YTD For Meta on Wednesday night , the focus will be on AI capex guidance and management's intentions for all the compute power currently being stood up. In addition to gauging how Meta's AI spending is improving its core ad business and helping internal productivity, analysts will likely do everything they can to better understand plans for a cloud business to rent out any excess compute in the future. Remember, the company's last quarterly results in April were superb, but the stock got dinged on the spending guide. The silver lining going into Wednesday's release is that the stock is 11% below its pre-April earnings levels, so the bar of expectations isn't as high as it was last time around. Plus, after Alphabet's capex raise last week, investors are prepared for some commentary about the need to spend aggressively. The reception to Meta's latest AI models, particularly Muse Spark 1.1 , from its Meta Superintelligence Labs figures to be another conversation on the earnings call. It's not a major revenue driver right now, but it matters to sentiment around the stock. Revenue: $60.17 billion Earnings per share: $7.22 MSFT YTD mountain Microsoft YTD Like with Meta, Microsoft on Wednesday evening needs to do a better job explaining its AI strategy and justifying the massive levels of capex spend. Unlike Meta, however, Microsoft has the benefit of already having a cloud business. Azure growth remains the key metric outside of sales and earnings. Commentary on balancing internal compute allocations with devoting resources to rent externally will also be notable, given Microsoft continues to invest in Copilot and its first-party AI models. The company's partnership with OpenAI is also likely to come up on the conference call because it accounts for much of Microsoft's cloud backlog. Another question surrounding the Azure business is the shift from "tokenmaxxing" to token efficiency , as enterprises take a more disciplined approach to spending on AI computing. How is that changing AI usage rates and adoption? We also want to hear CEO Satya Nadella's thoughts on the rise of cheaper, open-weight Chinese models and the implications for Azure. Finally, investors will pay close attention to the performance of Microsoft's core enterprise software business, especially the number of paid Copilot seats. In recent weeks, some Wall Street analysts have been surprisingly positive on Copilot. We'll find out if that was justified. Revenue: $87.63 billion Earnings per share: $4.24 Amazon is the final hyperscale cloud provider set to report this week. It will do so Thursday night , giving investors some time to digest Meta and Microsoft. Amazon Web Services (AWS) growth will be the key metric, and you can bet that investors will be comparing growth rates across Azure, AWS and Google Cloud. Capex remains in focus as memory prices remain high and commentary from Alphabet made it clear that the AI infrastructure buildout is nowhere near over. We'll also be listening for insight into demand dynamics for the various AI models accessible via AWS, given Amazon's more agnostic approach to model offerings. That may make the company best positioned for the shift to more efficient AI usage, with customers no longer seeking out only the latest and greatest options. On the retail side, we had a Prime Day selling event during the quarter that will have helped results. Revenue: $196.4 billion Earnings per share: $1.82 AAPL YTD mountain Apple YTD On Thursday night , the release from Apple shouldn't bring too many surprises because we're in the tail end of the iPhone 17 cycle. That said, Apple's Services business will likely receive more attention than usual, in light of the company deciding it simply couldn't afford to leave Mac and iPad prices unchanged due to soaring memory prices. Analysts will no doubt ask about customers' reception to those price hikes . They also likely seek more color on how management arrived at its decision and plans to navigate these cost pressures going forward. For example, may we see across the board on all products? Or only on products where buyers are less price sensitive? The Street will also look to Apple's gross margin, both for the reported quarter and in its guidance, to gauge the memory impact. This will also be Tim Cook's last call as CEO , before he transitions into his new role as executive chairman in September. Revenue: $108.6 billion Earnings per share: $1.89 LIN YTD mountain Linde YTD Linde 's earnings reports do not usually feature fireworks, and let's hope it stays that way Friday morning . One of the main focuses will be the industrial gas supplier's volumes in North America, where manufacturing activity has picked up. During the second quarter, U.S. factory output, in particular, grew at its fastest annualized rate in five years, according to the Fed . That's a good thing for Linde, whose gases are used in basically every industry, including steel, mining and healthcare. The more economic activity taking place, the better for Linde. Linde's volumes serving semiconductor and electronics manufacturing in the U.S. and Asia â a key growth area â will be in an especially bright spotlight. The same goes for its business supplying customers in the space industry , including Elon Musk's SpaceX , where Linde's gases are used for rocket propulsion, satellite positioning and more. Linde's performance in Europe and the Middle East is a question mark due to the Iran war. It was softer in the first quarter, due partially to direct and indirect impacts from the conflict. In addition to the second-quarter results, any changes to customer behavior so far in July, when fighting between the U.S. and Iran ramped back up, carry implications for future results. Revenue: $8.99 billion Earnings per share: $4.48 ETN YTD mountain Eaton YTD Eaton will also report Friday morning , closing out the week. Like Corning, electrical equipment supplier Eaton stands to benefit from all the spending needed to build out AI. That's even more true following the Boyd Thermal acquisition , which added liquidâcooling technology to its portfolio to complement its power solutions. In the first quarter, the Boyd business was up over 100% from a year earlier. Aside from the headline numbers, it's orders and backlog growth that investors will be focused on. Given the strength we saw from fellow Club name GE Vernova last week, we don't expect to see much change in the robust demand for Eaton's products. In May, Eaton's data center backlog already stood at 228 gigawatts, or 12 years worth based on 2025 build rates. So, we're interested to hear about what management is doing to increase capacity and accelerate delivery times. Revenue: $8.1 billion Earnings per share: $3.07 2. Two-day Fed meeting: In the middle of the jam-packed week, the Fed on Wednesday afternoon will issue its latest decision on interest rates at the end of its July gathering, followed by Chairman Kevin Warsh's post-meeting press conference. There's more intrigue around this meeting than a week ago, thanks to resurgent oil prices putting more pressure on inflation. After the June consumer price index (CPI) report on July 14 came in softer than expected, it seemed unlikely that the Fed would hike at this week's meeting, while a September hike was roughly 50-50, according to market probabilities compiled by the CME FedWatch tool. The market is pricing in a one-third chance of a quarter-point hike Wednesday and a 95% chance of a hike by September. While he has said the Fed can't control short-term bursts of inflation, Warsh recently stressed to Congress that the central bank is responsible for controlling it over the medium term. But how long is the medium term? That's a relevant question considering it's been going on for five months of war-driven pressure on energy prices. Perhaps we'll get some clarity on that from Warsh. Another debate that could come up during the press conference: Is the AI capex boom causing a generalized rise in prices? Fed Governor Lisa Cook flagged this as a potential risk in a mid-July speech . Warsh has said he believes AI will be deflationary over the long run, but he may be asked where he stands on the spending boom's current impacts. 3. Economic data: For the reasons laid out above, the most influential economic report of the week comes Thursday morning when the personal consumption expenditures (PCE) price index for June. The PCE is the Fed's preferred measure of inflation. Economists polled by FactSet expected the June PCE to decline 0.07% from May and be up 3.7% year over year. Central bankers pay the most attention to the so-called core PCE, which strips out the impact of volatile food and energy prices. The core PCE is expected to rise 0.2% month over month and be up 3.3% on an annual basis. Some on Wall Street, including the economists team at Bank of America, believe that the underlying inflation trends remain well above the Fed's 2% target, even when excluding "special factors that are likely temporarily boosting inflation." In a Tuesday note to BofA clients, they wrote, "That argues for tighter policy rates rather than an extended pause from the Fed, in our view." Also on Thursday morning , we'll get the first reading of second-quarter U.S. gross domestic product (GDP). Week ahead Monday, July 27 Durable goods orders at 8:30 a.m. ET Before the bell: Baker Hughes (BKR), AstraZeneca (AZN) After the bell: Applied Digital (APLD), Navitas Semiconductor (NVTS), Celestica (CLS), Nucor (NUE), Rambus (RMBS), Element Solutions (ESI), Universal Health Services (UHS), Amkor Technology (AMKR) Tuesday, July 28 Before the bell: Corning (GLW), Boeing (BA), PayPal (PYPL), Coca-Cola (KO), United Parcel Service (UPS), HF Sinclair (DINO), JetBlue Airways (JBLU), Commvault Systems (CVLT), Hubbell (HUBB), Incyte (INCY), Centene (CNC), Royal Philips (PHG), Polaris (PII), Pentair (PNR), Royal Caribbean Cruises (RCL), S & P Global (SPGI), TransUnion (TRU), AllianceBernstein Holding (AB) After the bell: Bloom Energy (BE), Seagate Technology (STX), Enphase Energy (ENPH), KLA Corporation (KLAC), Visa (V), Tilray (TLRY), Avis Budget Group (CAR), Ford Motor Company (F), Teradyne (TER), Cheesecake Factory (CAKE), Caesars Entertainment (CZR) Wednesday, July 29 Federal Reserve decision at 2 p.m. ET Fed Chairman Kevin Warsh press conference at 2:30 p.m. ET Before the bell: SoFi (SOFI), Boston Scientific (BSX), Vertiv Holdings (VRT), Amphenol (APH), Generac Holdings (GNRC), Automatic Data Processing (ADP), Cognizant Technology Solutions (CTSH), Flex (FLEX), Humana (HUM), Procter & Gamble (PG), United Microelectronics (UMC), General Dynamics (GD), Garrett Motion (GTX), UBS (UBS), Frontier Group Holdings (ULCC), Cenovus Energy (CVE), Fortive (FTV), Lemonade (LMND), Vulcan Materials (VMC), Biogen (BIIB) After the bell: Starbucks (SBUX), Microsoft (MSFT), Meta Platforms (META), Procter & Gamble (PG), Arm Holdings (ARM), O'Reilly Automotive (ORLY), Qualcomm (QCOM), Robinhood Markets (HOOD), Lam Research (LRCX), Chipotle Mexican Grill (CMG), Agnico Eagle Mines (AEM), Fortinet (FTNT), Aurora Innovation (AUR), Carvana (CVNA), VICI Properties (VICI), Alamos Gold (AGI), Align Technology (ALGN), Equinix (EQIX) Thursday, July 30 Initial jobless claims at 8:30 a.m. ET PCE index at 8:30 a.m. ET Second-quarter GDP (preliminary reading) at 8:30 a.m. ET Before the bell: Bristol Myers Squibb (BMY), Cigna (CI), Mastercard (MA), Valero Energy (VLO), Altria Group (MO), Blue Owl Capital (OWL), Quanta Services (PWR), Stellantis (STLA), Baxter International (BAX), Cinemark (CNK), Crocs (CROX), Solstice Advanced Materials (SOLS), Virtu Financial (VIRT), American Electric Power (AEP), First Majestic Silver (AG), Allegro MicroSystems (ALGM), Anheuser-Busch InBev (BUD), CRH (CRH) After the bell: Apple (AAPL), Amazon (AMZN), Roblox (RBLX), Reddit (RDDT), AXT (AXTI), MasTec (MTZ), DiamondRock Hospitality (DRH), Rivian Automotive (RIVN), DexCom (DXCM), Huntsman (HUN), Merit Medical Systems (MMSI), Sony Group (SONY), Cohu (COHU), Corteva (CTVA), First Solar (FSLR), GoDaddy (GDDY), Illumina (ILMN), Mohawk Industries (MHK) Friday, July 31 Before the bell: Linde (LIN), Eaton (ETN), Exxon Mobil (XOM), Cameco (CCJ), Moderna (MRNA), AutoNation (AN), AbbVie (ABBV), Chevron (CVX), Dominion Energy (D), Magna International (MGA), Church & Dwight (CHD), Colgate-Palmolive (CL), Forum Energy Technologies (FET), Federal Realty Investment Trust (FRT), Ares Management (ARES) (Jim Cramer's Charitable Trust is long BA, PG, SBUX, LIN, GLW, META, MSFT, AAPL, AMZN, ETN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
The price of kitchen utensils saw a notable uptick in June, driven by escalating global metal costs. Specifically, inflation for stainless steel utensils escalated to 7.1 percent compared to last year. Pressure cooker prices climbed by 4.7 percent, while other metal utensils faced a 4.8 percent increase. With stainless steel prices likely to stabilize until September, consumers may find more advantageous buying opportunities in 2026 as conditions improve. View More
New Delhi: Kitchen utensils and cookware became more expensive in June as higher global metal prices and elevated stainless steel production costs pushed up retail prices, with costs expected to remain firm over the next few months. Inflation in stainless steel utensils accelerated to 7.1% year-on-year in June from 6.4% in May and 4.5% in January. Prices of pressure cookers and pressure pans rose 4.7% last month, while inflation in other metal utensils, including non-stick cookware, increased to 4.8% from 4.2% a year earlier. Also read: India's steel ambitions face a coal reality check "The major reason is the rise in metal prices due to the West Asia conflict," said Madan Sabnavis, chief economist at Bank of Baroda . He said new households setting up homes are likely to bear the maximum brunt of the increase. Live Events Higher stainless steel production costs during the first half of 2026 have been the key driver of the increase in utensil prices . "Prices of 304-grade stainless steel have been supported by higher nickel and ferro alloy costs, elevated energy prices and tighter raw material availability, particularly from Indonesia, the world's largest nickel supplier," said Ashima Tyagi, economics associate director, pricing and purchasing, at S&P Global Market Intelligence. ET BureauInflation in stainless steel utensils up to 7.1% YoY in June as manufacturers pass on input costs; Q4 may see prices moderating She added that manufacturers have gradually passed these higher input costs on to consumers, resulting in faster inflation in stainless steel cookware. Inflation in other crockery and utensils also edged up to 3.8% in June compared with 3.4% in May, while casseroles, thermos, flask and thermoware recorded 3% inflation against 2.7% over the same period. Outlook According to S&P Global Market Intelligence, stainless steel prices are expected to remain firm globally through the July-September quarter, as higher nickel, chrome, and molybdenum costs continue to keep alloy surcharges elevated. Also read: India must fix gas market, pipelines to unlock LNG opportunity: IGU report Tyagi said the impact is higher replacement and purchase costs for household kitchenware for Indian consumers. "While stainless steel utensil prices may continue to rise in the short term, easing alloy costs and persistent oversupply across Asia are expected to moderate inflationary pressures later in 2026 and into 2027. From a purchasing perspective, the fourth quarter may offer more favourable buying conditions if the anticipated softening in raw material prices materialises," she added. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Hindustan Zinc plans a significant investment of $500-600 million this fiscal year. Eighty percent of this capital expenditure will fund ongoing projects already in progress. The remaining twenty percent will support new initiatives which the company will announce soon. Approved projects account for 250,000 tonnes of capacity, requiring substantial financial backing. Further expansion to 650 KT will necessitate similar investment over the next four to five years. View More
Vedanta Group company Hindustan Zinc Ltd (HZL) plans to invest $500-600 million (around Rs 5,000 crore) during the current financial year, with the bulk of the capital expenditure directed towards projects already under execution, Chief Executive Officer Arun Misra said. In an interview with PTI, Misra said around 80% of the planned capex for the year will be deployed in ongoing projects, while the remaining 20% will be allocated to new projects that the company expects to announce shortly. Also Read: Hindustan Zinc bets big on silver biz to drive growth "About 80% of our capex guidance is for projects that are already under execution, while around 20% will go towards new projects that we plan to announce soon," Misra said. The company is pursuing an expansion pipeline with a total capacity of about 1 million tonnes. Of this, projects accounting for 250,000 tonnes, or 25% of the planned capacity, have already received approval, backed by an investment of around Rs 12,000 crore covering mining and mineralisation. Live Events According to Misra, orders related to mining have already been placed and construction of the smelter has begun. However, orders for milling and concentrate-related facilities are yet to be finalised. Also Read: Hindustan Zinc plans Rs 50k-crore capex pipeline for next 5 years The remaining expansion, which will take capacity to 650 KT, will require investment in a similar proportion over the next four to five years. "That translates to an average annual capex of about Rs 7,000-8,000 crore," Misra said, adding that only 15-20% of this multi-year investment plan will translate into actual cash outflows during the current financial year. He did not provide a timeline or financial details for the upcoming projects. A subsidiary of Vedanta Ltd, Hindustan Zinc is India's largest integrated producer of zinc, lead and silver. The company operates across the entire value chain—from mining to metal production—through fully mechanised underground mines and digitally enabled smelting facilities. Vedanta Ltd holds a 60.71% stake in Hindustan Zinc, while the Government of India owns 27.92% of the company. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Indiabulls reported significant profit and revenue growth in FY26. The company's real estate business showed strong sales bookings and collections. New projects in NCR highlight a focus on luxury and value offerings. Financial services continue to provide stability to the overall business. Indiabulls is now expanding its real estate footprint to new cities. View More
Indiabulls has spent the last few years doing something difficult. Rebuilding, repositioning, and refocusing a business that had more potential than its balance sheet was showing. In FY26, that work became visible. And the numbers, for the first time in a while, had a great deal to say. According to Indiabulls Limited, the company closed FY26 with a profit after tax of ₹346 crore on revenues of ₹880 crore. It reported a profit margin of 39.3% for the full year, which increased to 46.4% in the fourth quarter. The company said the results reflect the progress of its transition towards a real estate-led business following its merger and strategic restructuring. "FY26 was a year of meaningful progress. A stronger structure, a focused strategy, and a real estate pipeline that gives us clear visibility into FY27," says Divyesh Shah, Executive Director and CEO, Indiabulls Limited. The company maintained that its real estate business contributed approximately ₹143 crore at the operating level in the fourth quarter of FY26. For the full year, the company reported sales bookings of ₹2,752 crore, with 909 units sold, 21.6 lakh sq ft of area transacted, and collections of ₹400 crore. Indiabulls said its residential portfolio is focused on homes priced between ₹2 crore and ₹6 crore across Delhi NCR, Mumbai, and Ludhiana. And with the pipeline, Indiabulls now sits on an aggregate Gross Development Value of over ₹21,000 crore across 110.52 lakh square feet, spanning launched projects, current-year launches and a future development pipeline. Indiabulls has transformed itself into a company that has done the hard work of rebuilding, and is now preparing to grow. Live Events ₹21,000 crore GDV pipeline. 110.52 lakh sq ft. The architecture of a company that has earned the right to look forward. That rebuilding has been most visible on the ground in NCR. The three projects, Indiabulls Estate & Club and Indiabulls Heights on Dwarka Expressway, and Indiabulls Green Avenue in Kharkhoda, have collectively defined the company's re-entry into the residential market. With these projects, Indiabulls expressed its point of view about what luxury living in NCR could look like when shaped by a team with a genuinely global frame of reference. The leadership behind these developments has previously worked on The Mandarin Oriental Residences, The Mayfair Garden Residences and The Mansion in London. Spotlight Wire That lineage isn't incidental to the product. It's fundamental to it. "Across cities around the world, we've had the privilege of creating some of the most iconic residential and commercial developments," says Ankur Arora, President, Indiabulls. "With Indiabulls Estate & Club, we bring that same legacy to NCR — marking our first ultra-luxury residential development in the region." Estate & Club, spread across 15 acres in Sector 104, Gurugram, is the bolder of the two Dwarka Expressway projects. At its centre is a destination-scale clubhouse. Gurbans Singh, Chairman, Indiabulls describes it as "envisioned as one of the most distinguished residential clubs in the country." The vision for Estate & Club, as Singh explains it, has always gone beyond the conventional: "When we envisioned Indiabulls Estate & Club, our intention was very clear. To bring the experience of luxury resort living into a residential community." The development offers spacious 3 and 4 BHK homes planned with attention to comfort, openness and refined living. It is not, in Singh's framing, merely a building,it is a well-planned community where families can grow, connect and thrive. Around the clubhouse flows nearly half the site's land area. Not towers. Not infrastructure. Just landscaped greens, reading pods, a wellness pavilion, an outdoor gym, exclusive cafés. All woven into a masterplan by the company's prestigious design team with one clear intention: to make nature feel less like an amenity and more like a character of the place. The resort-style experience, as Singh is keen to point out, begins the moment you arrive with a grand lobby designed to set the tone for everything that follows. "When we envisioned Indiabulls Estate & Club, our intention was very clear. To bring the experience of luxury resort living into a residential community," said Gurbans Singh. Indiabulls Heights has also staked its claim at the intersection of quality and value, offering premium living at a price point that a wider aspirational buyer can reach. A contemporary clubhouse, landscaped surroundings, and a location that benefits from Dwarka Expressway's rapidly maturing infrastructure have made it one of the faster-moving products in its segment. Spotlight Wire With Green Avenue in Kharkhoda, Indiabulls brings a different proposition to the table. A plotted development positioned as NCR's next growth corridor, it is as much an investment opportunity as a lifestyle one strategically located near the Delhi border and in proximity to the expanding Maruti Suzuki belt. Underpinning all three developments is a construction philosophy built around precision and accountability. Advanced technologies including system shuttering, uplift anchors and waterproofing solutions ensure that quality is never a function of speed, or compromise. Singh is unequivocal about what this ultimately means: "At Indiabulls, our vision has always been simple. Build with integrity, and deliver with transparency. Those same principles guide every step of every project." It is a promise, he adds, that goes beyond concrete and steel, extending to the trust that every homebuyer places in the company when they sign on the dotted line. Advanced technologies including system shuttering, uplift anchors and waterproofing solutions ensure that quality is never a function of speed, or compromise. The financial services businesses, which comprises of stock broking, asset reconstruction, digital lending and payments, have continued to perform steadily alongside the real estate growth engine, with the stock broking business alone reporting ₹124.4 crore in revenue for FY26, Q4 revenue up 26% year-on-year, supported by client assets exceeding ₹68,000 crore, according to IndiaBulls. Together, they underwrite the broader business with a stability that allows the real estate ambitions to move quickly and confidently. And moving quickly is precisely what Indiabulls intends to do. The company says it is in the process of expanding into Mumbai, Ludhiana and Gurugram with new launches, replicating across new geographies using the same template. Ultra-luxury anchored by resort-style experience, value-driven mid-market offerings, and forward-looking plotted developments. According to IndiaBulls, its founder and promoter, Sameer Gehlaut, completed a warrant subscription of over ₹400 crore last year. A signal, as Shah noted, of "enduring confidence in the company he founded twenty-six years ago." Indiabulls has also extended its brand presence into the cultural space, with a recent association with Times Lifestyle Week, positioning itself at the intersection of luxury living and lifestyle. This only comes as a reminder, that for Indiabulls, the aspiration is never just about the building. A ₹21,000 crore pipeline. Three landmark NCR projects. A 39.3% PAT margin. The numbers tell the story of a company that has done something genuinely difficult and made it look, from the outside, almost inevitable. For Singh, the road ahead is defined by the same values that shaped the road behind. "We are working diligently to set new benchmarks in real estate development," he says, "and give our customers properties that they will cherish forever." In a market where words about benchmarks are common and the benchmarks themselves are not, Indiabulls' FY26 may just be the year the difference became visible. *All data points mentioned in the article are based on the internal data provided by IndiaBulls Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! 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Silver will drive Hindustan Zinc's growth over the next five years. Output is expected to double, significantly boosting earnings before interest, tax, depreciation, and amortization. The company's silver business already contributed nearly half of its consolidated Ebitda in the June quarter. Revenue and Ebitda from silver nearly tripled year-on-year, leading to record quarterly results. A demerger is a possibility but not an immediate priority for the company. View More
Mumbai: Silver will be Hindustan Zinc 's biggest growth driver over the next four to five years, with output set to double from current levels and prices offering significant upside, chief executive Arun Misra said. "While we mine more metal bearing ore, with new technologies coming in, silver numbers will also grow. That is where the maximum Ebitda (earnings before interest, tax, depreciation and amortization) will come from," Misra told ET in an exclusive interaction. The Vedanta group company, India's largest producer of zinc, lead and silver, derived nearly half of its consolidated Ebitda in the June quarter from its silver business. "If silver grows from the current numbers to about 1,200-1,300 tonnes, it will add huge value because while zinc prices remain stable around $3,500 (per tonne), silver prices can reach as high as $100 per troy ounce," he said. "Till the time new critical minerals are added, silver will do the bull work for taking the Ebitda forward," he said. Revenue and Ebitda from the silver business nearly tripled year-on-year in the June quarter, helping Hindustan Zinc post record quarterly revenue, Ebitda and profit. Revenue from operations rose 77% year-on-year to ₹13,747 crore, while Ebitda more than doubled to ₹8,074 crore. Ebitda margin expanded by 900 basis points to 59% and net profit jumped 145% to ₹5,469 crore. While a demerger remains a possibility, Misra said it is not an immediate priority for Hindustan Zinc because separating the business would be more complex than Vedanta's recently completed restructuring. Live Events "There is no mine only for silver and not for zinc, or no smelter which treats concentrate only from one mine. So, there will be a lot of internal movement of material even if we make it two companies. So, that makes it complicated, and hence (we need) more time for resolving issues by discussion," the outgoing CEO said. Hindustan Zinc has appointed former Steel Authority of India chairman Amarendu Prakash as chief executive with effect from August 1. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Besides Sharma's reappointment as MD, Jindal Steel announced appointments to the offices of chief financial officer, chief operating officer, and head of human resources, marking one of its biggest management overhauls in years View More
Rahul Gandhi introduced an injured student protester, Sahil, during a press conference, demanding accountability for security personnel who allegedly fired pellet guns and used batons. He criticised the education minister and urged Prime Minister Modi to apologise to the affected students. View More
