A total of 539 companies raised $61.4 billion through initial public offerings (IPO) across the world during the first half of 2025, according to a report released on Friday.

In numbers terms, the public offerings declined 4 per cent year-on-year, a total of 563 companies went public in 2024. However, the proceeds surged 17 per cent in the period against $52.7 billion, the fund raised in H1 2024, according to EY Global IPO Report.

Sajjan Jindal-led JSW Steel on Friday reported a sequential decline of 3.73 per cent in company’s revenue from operations, which stood at Rs 43,147 crore in the April-June quarter (Q1 FY26), compared to Rs 44,819 crore in the previous quarter (Q4 FY25).

Total income also slipped by 3.45 per cent to Rs 43,497 crore from Rs 45,049 crore, according to its stock exchange filing.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed its first Battery Energy Storage Purchase Agreement with Government-owned power major NHPC Limited.

The project, secured under NHPC’s BESS tranche-I tender through a competitive bidding route for Kerala State Electricity Board Limited being the end user of the Battery Energy Storage System (BESS) asset, involves setting up a 30 MW/120 MWh battery storage system at the 220 kV substation in Area code, Kerala, according to a Tata Power statement released on Friday.

The project will play a vital role in addressing peak power demand, enhancing grid flexibility, and enabling seamless integration of renewable energy in Kerala.

It is part of the NHPC’s broader initiative to develop 125 MW/500 MWh of standalone battery storage capacity in the state of Kerala, under a tariff-based competitive bidding framework supported by Viability Gap Funding, the statement said.

Digi Yatra has crossed 15 million application downloads, underscoring the platform’s potential to revolutionise the airport experience for millions of passengers through biometric-enabled, contactless airport journeys, it was announced on Friday.

With soaring adoption, Digi Yatra which is a a self-sovereign identity (SSI) based ecosystem utilising facial authentication technology, continues to redefine the future of air travel by ensuring privacy-first, efficient, and hassle-free movement through Indian airports, Digi Yatra Foundation said in a statement.

Since its inception in December 2022, Digi Yatra has facilitated more than 60 million frictionless journeys, seamlessly integrating advanced facial authentication technology at 24 airports nationwide.

LTIMindtree Limited, an IT service provider, on Thursday reported over 10 per cent year-on-year (YoY) increase in consolidated net profit for the first quarter of FY26 (April-June), reaching Rs 1,254.6 crore, up from Rs 1,135.10 crore in the same quarter previous year.

Mukesh Ambani-led Reliance Industrial Infrastructure Limited (RIIL) has announced its financial results for the first quarter of FY25-26 (Q1 FY26), with the company posting a consolidated net profit of Rs 3.10 crore, up 6.9 per cent from Rs 2.90 crore in the same quarter previous year (Q1 FY25).

Axis Bank's standalone net profit for the quarter ending June 30, 2025 (Q1 FY26) came at Rs 5,806.14 crore, down nearly 4 per cent year-over-year (YoY) from Rs 6,034.64 crore during the same period in previous fiscal, the private sector lender said in an exchange filing on Thursday.

Net profit decreased by more than 18 per cent on a sequential basis from the Rs 7,117.50 crore recorded during the January–March quarter (Q4FY25).

The bank reported a slight increase in net interest income (NII), rising 0.83 per cent YoY to RS 13,559.75 crore from Rs 13,448.23 crore.

Following strong growth in non-interest income and efficient cost control, the bank's operating profit increased by a solid 14 per cent year over year to Rs 11,515 crore.

Tech giant Wipro on Thursday reported an 11.1 per cent increase in its consolidated net profit for the April-June quarter (Q1) of FY26, reaching Rs 3,336.5 crore, compared to Rs 3,003 crore in the same quarter previous year.

The company’s consolidated revenue from operations stood at Rs 22,134.6 crore, showing a marginal increase from Rs 21,963.8 crore recorded during the same period previous year, according to its stock exchange filing.

Wipro also declared an interim dividend of Rs 5 per share for the financial year 2025–26.

Waaree Renewable Technologies on Thursday reported a decline of 8.51 per cent in net profit on a sequentially basis to Rs 86.3 crore in the June quarter (Q1 FY26), compared to the previous quarter (Q4 FY25), where it had reported Rs 94 crore in net profit.

However, revenue from operations stood at Rs 603 crore in the reporting quarter, compared to Rs 476.5 crore in Q4 FY25 – rose by 26.54 per cent, according to its stock exchange filing.

On year-on-year (YoY) basis, the solar EPC arm of the Waaree Group posted a net profit of Rs 86 crore, which is a 207 per cent jump from Rs 28 crore reported in the same quarter previous year (Q1 FY25).

Similarly, revenue from operations increased by 155 per cent from Rs 236.35 crore in Q1 FY25, the company stated in its filing.

Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, for Rs 275 per share, valuing the deal at Rs 7,150 crore.

Following this latest deal, Wilmar is set to become the majority shareholder, with a 64 per cent holding in AWL.