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Reserve Bank of India added $5.6 billion to its stock of reserves in the June quarter, the latest Reserve Bank of India data indicated. Of this while foreign currency assets rose $1.9 billion during the quarter, the value of gold in reserves rose $3.8 billion during the quarter. India’s foreign currency reserves are at $652 billion as of June 28.

Jupiter Wagons’ QIP floor price is Rs 689.47. Nestle declared an interim dividend. Govind Singh remains Utkarsh SFB CEO. Godrej Consumer grew in Q1. Bandhan Bank launched trade products. JSW Steel targets net zero by 2050. Maruti delivered 2 million cars by rail. RailTel suggested FY24 dividend. Preeti Engineering started QIB. Mphasis goes ex-dividend. PG Electroplast stock split.

RKN Enterprises, a part of Godrej Enterprises Group, on Monday sold shares worth Rs 3,803 crore in Godrej Industries Ltd to members of Godrej Industries Group as part of the Godrej family settlement announced in April. According to the block deal data available on the BSE, RKN Enterprises offloaded a total of 4,25,83,272 shares, amounting to a 12.65 per cent stake in Godrej Industries.

Indian benchmarks closed flat on Monday as gains from ITC, and RIL were offset by losses in HDFC Bank, and Titan. The S&P BSE Sensex closed 0.05% lower at 79,960, while the NSE Nifty50 index ended below the 24,350 level.

New Sebi rules now permit equity-oriented ETFs and index funds tracking widely followed and non-bespoke indices to invest in accordance with the weightage of the constituents of the underlying index, subject to an overall cap of 35% of net asset value of the scheme in the group companies of the sponsor

Damani has increased his stake in VST Industries by 2%, bringing his total shareholding to 34.7%. At the end of the March quarter, he held approximately 32.7% in the company. Conversely, the ace investor reduced his stake in Blue Dart by 0.1%, lowering his holding to about 1.3% at the end of June 2024, down from 1.4% in March 2024.

At 9:32 a.m. ET, Dow e-minis were up 233 points, or 0.59%, S&P 500 e-minis were up 10.25 points, or 0.18%, and Nasdaq 100 e-minis were up 7.25 points, or 0.04%.

Edelweiss Financial Services opened a fresh public issue of bonds or Secured Redeemable Non-Convertible Debentures (NCDs) with value of Rs. 100 crores and a green shoe option of Rs. 100 crores, aggregating to a total of Rs. 200 crores. The issue will open on July 8 and close on July 22.

Following a healthy response to the IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market.