Stock Market Today: Reliance Industries, ICICI Bank, NTPC, CG Power, Hexaware Technologies, Jio Financial Services, and Shilpa Medicare in Focus

Market Performance

Stock market action is heating up as Reliance Industries, ICICI Bank, NTPC, CG Power, Hexaware Technologies, Jio Financial Services, and Shilpa Medicare grab the spotlight today. Investors are closely tracking corporate developments, leadership changes, and fresh announcements that could set the tone for near-term market sentiment.

Each of these names has made a significant disclosure—ranging from AGMs and new business tie-ups to expansion plans and financial growth. Let’s break it down company by company.

Reliance Industries: Spotlight on the 48th AGM

All eyes are on Reliance Industries as the company gears up for its 48th Annual General Meeting (AGM) on August 29.

Chairman Mukesh Ambani is set to address nearly 44 lakh shareholders, making this one of the most closely watched corporate events of the year.

The market is especially alert to updates around:

• Digital services
• Retail business
• New energy ventures
• Oil & Gas operations

With Reliance’s track record of announcing big plans during AGMs, shareholder participation remains at peak enthusiasm.

ICICI Bank: Leadership Transition in Compliance

ICICI Bank confirmed a key leadership change this week.

• Subir Saha, Group Chief Compliance Officer (GCCO), opted for early retirement effective August 28.
• Anish Madhavan, a senior member already part of ICICI’s management, will take charge as GCCO starting August 29.

This smooth internal transition signals the bank’s focus on continuity and governance stability.

NTPC: Business Restructure in Mining Arm

Power giant NTPC approved a revised plan for transferring its coal mining operations to NTPC Mining Ltd (NML).

• The mining business contributed ₹7,735.54 crore in revenue during FY25.
• The amended Business Transfer Agreement (BTA) sets the transfer deadline to September 30, 2025.
• The total consideration stands at ₹10,503.27 crore, payable in phases.

The move sharpens NTPC’s focus on consolidating mining operations under a dedicated subsidiary.

CG Power: Semiconductor Push from Gujarat

CG Power’s subsidiary, CG Semi, has made a decisive entry into the semiconductor space.

• Launched its first OSAT (Outsourced Semiconductor Assembly and Test) facility in Sanand, Gujarat.
• Positioned as one of India’s pioneering full-service semiconductor assembly and testing providers.
• Backed by Renesas and Stars Microelectronics as technology partners.
• Investment plan of ₹7,600 crore spread across five years for two advanced manufacturing units.

This move aligns with the government’s semiconductor mission and places CG Power at the forefront of India’s chip-making ambitions.

Hexaware Technologies: Collaboration with Replit

In a strategic step, Hexaware Technologies announced a partnership with Replit, a platform driving agentic software creation.

The collaboration focuses on introducing Vibe Coding capabilities to enterprises—designed to make enterprise software development more secure, faster, and governed.

Jio Financial Services: Loan Book Growth Story

Jio Financial Services grabbed attention with key announcements at its August 28 AGM

• Its NBFC loan book surged to ₹11,665 crore in Q1FY26, compared to just ₹217 crore a year earlier.
• The company highlighted opportunities in value-added services and cross-selling within the larger Reliance ecosystem.

This rapid expansion underscores the company’s growing presence in India’s financial services space.

Shilpa Medicare: Joint Venture in Saudi Arabia

Shilpa Medicare revealed plans to form a new joint venture in Saudi Arabia.

• Partnering with Pharma Pharmaceutical Industries and Biological Products (PPI).
• The venture will be executed through its UAE-based subsidiary, Koanna International FZ LLC.
• Shareholding structure: PPI with 70% and Koanna with 30%.

This marks an important international expansion for Shilpa Medicare in the Middle East.

Summary: Market Movers to Watch

Today’s stock market narrative is shaped by AGMs, restructuring, global tie-ups, and leadership changes across key Indian corporates.

• Reliance Industries: AGM spotlight with updates expected on digital, retail, and new energy.
• ICICI Bank: Leadership shift in compliance role.
• NTPC: Mining transfer worth ₹10,503.27 crore.
• CG Power: ₹7,600 crore semiconductor investment.
• Hexaware Technologies: Strategic Replit partnership.
• Jio Financial Services: Loan book soars to ₹11,665 crore.
• Shilpa Medicare: Saudi joint venture with 30% stake.

With these developments, the trading day promises heightened attention around these stocks.