Australian construction and fitout company FDC Consolidated is set to list on the ASX on Thursday, aiming to raise $400 million. The deal is expected to value the company at around $1 billion, making it the largest IPO on the exchange so far in 2026. It is set to surpass retailers SkinKandy and Koala as the biggest float of the year to date.

India’s National Financial Reporting Authority (NFRA) has confirmed it has launched a formal investigation into Rajesh Exports Ltd, after the Securities and Exchange Board of India (SEBI) issued an interim order alleging revenue misrepresentation of about Rs 15.15 lakh crore over five years. SEBI also alleged diversion of funds and gaps in disclosure related to subsidiaries, and barred the company and promoter Rajesh Mehta from accessing the securities market. The stock is down 47.25% year-to-date and fell a further 3.32% on the day.

Rashtriya Chemicals & Fertilizers’ board approved a plan on July 7, 2026 to raise up to Rs 1,500 crore through a further public offering via a fresh issue of shares. The proposal still requires approvals from shareholders, the Department of Fertilizers, the Government of India and DIPAM. Following the announcement, RCF shares rose nearly 3% to Rs 134.68. In its latest quarter, the company reported 49.5% year-on-year revenue growth and a 157.7% jump in net profit.

Info Edge reported standalone billings of Rs 737 crore for FY27 Q1, up 14% year on year and ahead of market expectations. Billings grew 18% YoY at Naukri and 17% YoY at 99acres. Nomura and Goldman Sachs reiterated ‘Buy’ ratings and raised target prices, while Citi upgraded the stock to ‘Buy’ from ‘Sell’. The update helped drive a 19% two-session rally in the stock, adding more than Rs 12,456 crore to market capitalisation.

Samsung Electronics and SK Hynix rebounded after an early selloff as investors bought the dip, supported by expectations of tight memory-chip supply and optimism over AI demand. Samsung rose as much as 1.4% after dropping up to 4.4%, while SK Hynix climbed as much as 5.8% after sliding up to 5% at the open. The previous day’s weakness followed Samsung’s preliminary second-quarter earnings, which projected a 19-fold jump in operating profit but fell short of heightened expectations for AI memory chips.

Stocks fell in early trading on Wednesday as renewed US-Iran tensions pushed Brent crude up 2.55% to USD 76.05 a barrel. India’s Sensex and Nifty dropped sharply, while Japan’s Nikkei 225 and South Korea’s KOSPI also moved lower. The report cited moves in assets including 1OILBRENT, Nikkei and KR200, but did not provide a formal code for the BSE Sensex (often represented as “BE” in some YAML conventions).

Motilal Oswal estimates that 44 Indian listed companies may post a more than 10% year-on-year drop in Q1 net profit, spanning aviation, defence, cement, chemicals, banking, healthcare, oil and gas, real estate and telecom. The brokerage cites higher energy costs, softer demand in some pockets and geopolitical uncertainty as key drags. It also highlights the Iran-Israel/US conflict as a risk factor that could pressure crude prices, inflation, the rupee and corporate earnings, and says it has cut FY26 and FY27 earnings estimates.

US military strikes on Iran and reported Iranian retaliatory attacks on Bahrain and Kuwait escalated Middle East tensions. Brent crude rose 2.6% to $76.1 a barrel, pressuring energy-importing markets. India’s Sensex slid 591 points and the Nifty 50 fell 180 points to 24,218.70, with airlines, financials and autos among the weakest on higher import-cost concerns. The geopolitical shock weighed on expectations for energy supplies and risk appetite across emerging markets.