News Overview

Mahindra Finance's balance sheet is robust, with a capital adequacy ratio of 18.5% for the period under review.

Welspun Living also announced its June quarter earnings alongside the repurchase announcement. Revenue for the quarter climbed by 16%.

The bank also announced that its board has approved a fund raise of up to ₹6,000 Crore using various securities.

Out of the entire 23.05 lakh employees added this month, 11.15 lakh employees, or approximately 48.37% of the total registrations, are under the age of 25.

Overall, this budget reflects a forward-thinking approach, emphasizing sustainable growth and equipping the youth for the evolving global landscape.

The Nifty Bank index was the worst performer, sliding over 1%, followed by the FMCG index, which was down by 0.5%.

Tata Consumer Products has set a record date for its rights issue of July 27, 2024, which happens to be a Saturday.

The company announced that its India business grew by 10% year on year in the June quarter, with sales rising to ₹1,635 Crore from ₹1,426 Crore in Q1 FY24.

The funds may also be used to expand the company's fleet, increasing capacity and capitalising on the expanding demand for air travel.

DCM Shriram recorded a net debt of ₹1,459 Crore as of June 30, 2024, compared to ₹1,434 Crore on March 31, 2024.