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JioFin down more than 2% after reporting its quarterly results

CementStocks higher, rise up to nearly 3%

IREDA shares fall 5% to snap 4-day gaining streak; An analyst expects a 60% fall

Nifty and Sensex hit record highs, both cross earlier levels of 24,635 and 80,893.5 respectively ⚡️

*News Headlines from Business News Agencies :* *Business Standard :* 📝 India's trade deficit widens YoY to $20.98 bn in June; exports rise 2.6%, imports up 5% 📝 Lupin divests women's health specialty biz in US to Evofem Biosciences 📝 Four sedimentary basins likely to hold 22 billion barrels of oil: S&P 📝 Irdai may consider implementing risk-based supervision model: Keki Mistry 📝 EV ride-hailing service provider BluSmart raises $24 million in funding 📝 Pulses output rises by 35% to 3.25 million tonnes in Uttar Pradesh 📝 Hindustan Zinc contributes Rs 13,195 cr to exchequer in FY24 📝 China's second-quarter GDP growth falls short of expectations 📝 TCS announces plans to hire 40,000 fresher’s this year 📝 Varun Beverages to set up production units for PepsiCo in Zimbabwe, Zambia 📝 We will continue to focus on improving quality of assets and quarterly numbers: Pradip Kumar Das, IREDA *Economic Times* :* 📝 Birla Estates acquires 5-acre land in Gurgaon, targets Rs 1,400 crore revenue 📝 57% of equity mutual funds outperform respective benchmarks in June 📝 Govt aims to cover 25pc of kharif paddy area with climate-resilient seeds 📝 Airbus upgrades 20-year demand forecast led by wide-body jets 📝 Automobile retail sales up 9 percent in April-June: FADA 📝 India’s wholesale inflation surges to 16-month high of 3.36 per cent in June 📝 French IT firm Atos secures funding of $1.82 billion to restructure its debt 📝 Goldman Sachs posts strong Q2 profits on debt underwriting and fixed-income trading surge 📝 Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO 📝 TSMC second-quarter profit seen jumping 30% on surging AI chip demand 📝 Goldman Sachs lowers China 2024 growth forecast to 4.9% *Mint :* 📝 L&T eyes $50-60 bn opportunity in Middle East oil-to-chemicals business: Report 📝 India's total exports projected to grow 5.4 per cent in June 2024 📝 Swiggy launches $65 million Esops liquidity programme ahead of IPO 📝 Goldman Sachs elevates Ramakrishnan, Nambakam as investment banking co-heads 📝 HDFC AMC Q1 Result: Net profit surges 26% on year to ₹604 crore 📝 Northern Arc Capital gets SEBI nod to raise funds via IPO 📝 IndiGo working on better automated responses to complaints, queries 📝 Aluminium companies urge finmin to revise duty structure on metal, scrap 📝 Sany India looks to increase exports, double production levels by 2025 📝 Google's Alphabet to make biggest acquisition yet with $23 bn Wiz deal: Report 📝 Union budget may approve ₹4.5 trillion for rural housing scheme Join our prime community👥👥👥 at just ₹99 per month https://financialadda2733.graphy.com/telegram/666f41e2f735bd7378d184e3

Vedanta announces launch of QIP, sets floor price at Rs 461.2 apiece It is a capital-raising tool allowing listed companies to raise funds from qualified institutional buyers (QIBs) by issuing fresh equity shares, fully and partly convertible debentures, or any securities other than warrants convertible to equity shares.

Jio Financial Q1 results: 👉Net profit declines 6% YoY to ₹312.63 crore vs ₹331.92 👉Revenue rose 0.89% YoY to ₹418 crore vs ₹414 cr 👉Jio Financial also announced that it has commenced leasing AirFiber devices in June 2024. 👉Separately, Jio Financial highlighted that it has received nod from Reserve Bank of India (RBI) to convert from non-banking financial company (NBFC) to core investment company