RBI's NBFC revolving-credit ban nears its Aug 28 comment deadline, still unresolved Financial Services
RBI's draft would bar all but card-authorised NBFCs (SBI Card, BoB Cards) from offering revolving/flexi credit, restricting the rest to term loans -- confirmed by multiple outlets to match the draft as originally reported. The public comment window closes 28 August 2026 with no final notification yet, so whether the rule survives industry pushback in its current form remains the open question for Bajaj Finance, Bajaj Finserv and Cholamandalam.
Lupin guides a deeper US sales step-down to $250-280M/quarter from Q2, with recovery still pointing to FY28 Pharmaceuticals
Management's own Q1 FY27 call detail shows Tolvaptan facing new Apotex/Teva competition (a possible fourth entrant in September) and a full-quarter Mirabegron hit from Q2 onward, guiding full-year US sales to $1.1-1.2bn versus $366M in Q1 alone. The stock fell 4% to a seven-week low on the news. Analysts still frame recovery as an FY28 event tied to new complex-generic and biosimilar launches -- consistent with, not a reversal of, the trough thesis already on the books.
PNB and Karur Vysya's Q1 FY27 prints extend the small/mid-bank recovery story, but Q2 is the real test Banks
PNB's standalone net profit roughly tripled YoY to ~Rs 5,253 crore with gross NPA improving to 2.78%, though margins stayed below the bank's own guidance; Karur Vysya posted 45% YoY profit growth with GNPA at a low 0.74%. Both corroborate the open sector-wide recovery-breadth claim, but the claim's real test -- whether the improvement holds into Q2 FY27 -- is still unreported.
Infosys trims the top end of its FY27 growth guidance to 3%, the one large-cap that has now actually cut Information Technology
Infosys narrowed FY27 constant-currency revenue growth guidance to 1.5-3%, down from 1.5-3.5% in April, citing macro uncertainty and cautious client tech spending. It is the confirmed data point behind the open claim that this IT earnings season produced cuts or, at best, flat guidance across the large-caps -- not the broad reacceleration record bookings elsewhere in the sector might suggest.
BPCL pushes into UPI payments and advances its ~$2.8bn Brazil offshore project alongside a Rs 8,438-crore related-party vote Energy & Power
BPCL's Aug 27 AGM includes a resolution to let it enter electronic payment systems (UPI, Bharat QR), a real but non-core diversification, alongside up to Rs 5,000 crore of planned NCD issuance. Separately, partner Petrobras signed an FPSO contract for the Brazil SEAP-I project, where BPCL's IBV Brasil unit (65.4% stake) expects total investment near $2.8bn, subject to government approval. A concurrent Rs 8,438-crore related-party postal ballot with Petronet LNG is disclosed and shareholder-voted, not a governance red flag on its own.