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For the June quarter, the company reported revenue from operations of Rs 1,222 crore, a 44% increase year-on-year, driven by improved ADS and store additions. In the corresponding quarter of the previous year, revenue was Rs 847 crore. Consolidated EBITDA for the quarter was Rs 220 crore, with margins at 18.3%, reflecting a 1.7% improvement compared to the previous quarter.

The buyback will take place through a tender offer and the buyback size represents 9.68% of the total paid-up equity share capital.

State-owned ONGC on Monday reported 15% fall in its standalone net profit at Rs 8,938 crore in the first quarter ended June 2024. The same stood at Rs 10,527 crore a year ago.

The U.S. economy does not look like it is in recession despite weaker-than-expected jobs data, but Federal Reserve policymakers need to carefully monitor changes in the environment to avoid being too restrictive with interest rates, Chicago Fed Bank President Austan Goolsbee said on Monday.

Nuvama has projected the highest adjusted PAT figure for Vedanta but anticipates a 30.8% decline in net profit growth. In contrast, Kotak and Phillip forecast PAT growth of up to 242% year-on-year. Kotak has the highest revenue estimate at Rs 38,674 crore, expecting an over 15% year-on-year increase. The company will announce its earnings on Tuesday, August 6.

Capital markets regulator Sebi has approved the public offers of five companies, but also returned the offer document of Sanathan Textiles. The approved IPOs include that of Manba Finance, Baazar Style, Deepak Builders, Diffusion Engineers and Bajaj Housing Finance.

Amid concerns about a potential US recession, the Sensex fell more than 2,200 points on Monday, and the Nifty dropped below the 24,100 mark due to sell-offs in major stocks. The short-term trend for the Nifty is sharply downward, and the overall chart pattern appears weak across all time frames.

The oil-to-telecom conglomerate said that the dividend, "if declared at the AGM", will be paid within a week from the conclusion of the AGM. RIL has fixed August 19, Monday as the record date for determining the eligibility of investors for receiving dividend for financial year 2023-24 subject to the declaration of the dividend.

U.S. Treasury yields tumbled on Monday as traders moved to price in big rate cuts from the Federal Reserve, after weak jobs data stoked worries that the U.S. economy could be heading for a recession.