• Reliance Industries: Abu Dhabi-based sovereign investor Mubadala Investment Company to invest Rs 9,094 crore in Jio Platforms. Investment to translate into 1.85% stake in Jio platforms. Deal values the company at Rs 4.9 lakh crore and an Enterprise Value of Rs 5.16 lakh crore. This is the 6th major investment in Jio Platforms in six weeks.
• Bharti Airtel: Says concerned with media reports of Amazon looking to buy stake in the company. The company said that no such proposal is in consideration at this stage.
• Power Grid: The Department of Telecommunications in a revised assessment order has asked the company to pay Rs 13,613.66 crore as a license fee. The order is related to NLD license fees for FY07 and FY10 and includes interest, penalty along with interest on penalty.
• Lupin: The European Commission has granted marketing authorisation to the company and Mylan for Nepexto - a biosimilar to etanercept.
• UPL: S&P Global Ratings revises its outlook to negative from stable. Long-term issuer credit rating affirmed at BBB-.
• NIIT: The company's board has approved divesting its schools learning business to a strategic or financial partner through sale of its holding in its wholly-owned arm MindChampion Learning Systems or in any appropriate manner.
• RITES: The company’s arm, Railway Energy Management has secured its largest mandate from the Indian Railways for handling, tendering, installation, supervision and managing power supply from 3 GW solar power plants to be set-up on vacant Indian Railways land.
• HCL Tech: To transfer its software offerings to Google Cloud as part of expanding its strategic partnership with Google.
• Safari Industries: Board approved raising shareholding limit for foreign investors from 24% to 49%.
• Non-Nifty Earnings Today: Alkem Laboratories, Gujarat Gas, Aditya Birla Capital, Exide Industries, Jyothy Labs and Saregama.

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• Benchmark indices ended mixed
• S&P 500 snapped a four-day winning streak
• Dow Jones ended little changed but in the positive
• Valuations surge to the highest since 2000
• Technical levels on the S&P 500 pushed into overbought territory
• U.S. Labour market report to be out later today. Report may show American unemployment soared to 19.5% in May. The highest since 1930.
• Yield on the 10-year treasury rose seven basis points to 0.81%.
• West Texas Intermediate crude fell 0.4% to $37.13. The commodity is set for its sixth straight weekly gain

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