• Reliance Industries: Qualcomm Ventures - an investment arm of Qualcomm, will invest Rs 730 crore in Jio Platforms for a 0.15% stake. The deal is at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Qualcomm is the world's leading wireless technology innovator and involved in the development, launch and expansion of 5G.
• Avenue Supermarts: Revenue down 33% while net profit declines 88%. Ebitda margins decline to 2.9% from 10.3% in the previous year.
• IRCTC: Revenue up 17.9% while net profit rises 79.3%. Rail neer revenue up 19% while internet ticketing revenue nearly triples. Ebitda margin at 34.4% from 14.2%.
• IRCON International: Revenue up 4.2% while net profit rises 15.7%. Ebitda margin down to 8.3% from 10.5% owing to higher input costs.
• SAIL: Revenue down 12.5% while net profit rises 4.8 times due to inventory gain of Rs 4,120.9 crore. Exceptional loss of Rs 771.8 crore this quarter due to write-down of inventory.
• Vodafone Idea: Franklin Templeton says it has received full value of principal along with interest of 8.25% on the company's bonds. Franklin Templeton received payment of Rs 1,252.44 crore from the company on NCDs. The proceeds will be distributed to unit holders of the segregated portfolios in six fixed income schemes. Franklin Templeton had side pocketed the company's NCDs in six fixed income schemes.
• Escorts: The competition Commission of India has approved the acquisition of 9.09% stake in Escorts by Kubota Corporation and of 40% in Kubota Agricultural Machinery India by Escorts.
• Biocon: Gets Drug Controller General of India's (DGCI) approval to market Itolizumab injection solution for emergency use in India in moderate to severe Covid-19 patients suffering from Cytokine Release Syndrome. The drug will be manufactured and formulated as an intravenous injection at its manufacturing facility in Bengaluru.
• Dilip Buildcon: Declared L1 bidder for the tender floated by NHAI for a new HAM project worth Rs 882 crore in Gujarat. The project involves four laning of Dhrol-Bhadra Patiya section and has to be completed within a period of 24 months.
• IRB Infra: Emerges as preferred bidder for Rs 2,193 crore BoT project under the Bharatmala Pariyojana in West Bengal. The project involves six-laning of NH-19 section of 63.83 kilometers stretch from Palsit to Dankuni in West Bengal and is part of the Golden Quadrilateral project.

To know more about companies that reported earnings after market hours, key brokerage updates and more, click here.

• Benchmark indices post weekly gains
• S&P 500 extended weekly gain to 1.8%
• S&P 500 outperformed the Nasdaq on Friday for the first time in nearly two risk
• Dallas Fed President Robert Kaplan told Fox Business that he sees the need for more fiscal outlays
• Bloomberg Dollar spot index fell 0.1%
• Yield on the 10-year treasuries stood at 0.64%
• West Texas Intermediate crude rose 2.3% to $40.53 per barrel. The commodity trades lower today.

Get your daily fix of the global markets here.

Good Morning!

Indian equity markets gained for the fourth straight week, despite ending Friday's session with modest losses.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.46% to 10,828 as of 7:45 a.m. on Monday.

Asian markets have opened higher ahead of the quarterly earnings season this week.

Markets in Japan trade higher by 1.5% and those in Hong Kong, South Korea and Australia are seeing gains.

Futures on the Dow Jones are trading 130 points higher after the benchmark index posted its second straight weekly gain on Friday. A slew of major banks in the U.S. will be reporting their earnings this week.

Treasuries ticked lower, gold remained near the $1,800/Oz-mark, while West Texas Intermediate crude fell 0.6% to $40.29 per barrel.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.