Telecom shares: Reliance Jio added 4.2 million new mobile customers in June, consolidating its past month gains. In contrast, Airtel only added 0.79 million customers while Vodafone Idea continued its losing streak as it shed 1.8 million users, according to Trai data for the month. Read here
Oil and Natural Gas Corporation: ONGC has signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil for deepwater exploration on the East and West coasts of India. The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore.
GAIL (India): The company received the board approval for additional fundraising of $3.125 billion via external commercial borrowing and up to Rs 25,000 crore via non-convertible debentures. This is on top of Rs 25,000 crore already borrowed by the company.
Stocks under F&O ban: Balrampur Chini Mills, Delta Corp and Tata Chemicals.
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