Qualcomm Ventures - an investment arm of Qualcomm will be investing Rs 730 crore in Jio Platforms for a 0.15% stake, the company said in an exchange filing.

The deal has been done at an equity valuation of Rs 4.91 lakh crore and an enterprise valuation of Rs 5.16 lakh crore.

Qualcomm joins the list of marquee investors to whom Jio Platorms has now sold over 25% stake.

Shares gained as much as 3.5% to Rs 1,944 and are trading at an all-time high, up for the third straight day.

• Benchmark indices trade with gains
• Nifty up 0.9% at 10,863
• Sensex up 0.9% at 36,919
• Nifty Bank up 0.3% at 22,461
• Nifty Midcap Index up 0.5%
• Nifty Smallcap Index up 0.3%
• India Volatility Index up 1.4% to 25.3
• Nifty I.T. is the top sectoral gainer; up 1.7%
• Nifty Auto is the other sectoral gainer; up 1.2%
• Nifty FMCG and Nifty Media up 1%
• Nifty PSU Bank and Nifty Realty give up gains; turn negative
• Tech Mahindra is the top Nifty gainer; up 4.1%
• HDFC is the top Nifty laggard; down 0.8%
• 991 stocks on the NSE trade with gains while 693 decline

The rupee opened flat in today's session after ending as the worst performing currency in Asia last week.

The currency opened at 75.18 against the U.S. Dollar as compared to Friday's close of 75.20.

RBI Governor Shaktikanta Das on Saturday said that the economic impact of the pandemic has made a recapitalisation plan for public and private banks necessary.

Yield on the 10-year government bond opened at 5.759% as compared to Friday's close of 5.773%.

Within the Bond markets, traders will look forward to the announcement of CPI data for the month of June. Analysts expect CPI in June to rise 5.3%.

Applications worth Rs 10,000 crore worth of funding have been received from NBFCs, as per the government stimulus plan, according to the Ministry of Finance.

• Significantly high material, freight costs impacting business.
• All manufacturing units currently in operation.
• Company is debt-free and carrying cash and equivalents which can meet its requirements for the next few quarters.
• Some of the capex program is getting delayed.
• Supply chain constraints persist but are at manageable levels.
• Manufacturing or supply operations are not impacted.
• Seeing some softness in the Indian pharma market and business will be impacted on similar lines.

Shares are trading near the day's low, falling as much as 1.3% to Rs 1,402, down for the second straight day.

The I.T. major has informed the exchanges that it has forged a digital transformation partnership with Old National Bank - the largest financial services bank holding company.

The strategic partnership will leverage Infosys' expertise to accelerate Old National Bank's growth and streamline operating models, the press release said.

Shares gained as much as 3% to Rs 805.35, post the announcement.