1. Adani Total Gas to invest 18,000-20,000 cr in India in 8-10 yrs 

Adani Total Gas, a joint venture of Adani Group and France's Total Energies, will invest €18,000-20,000 crore in India in next eight to 10 years to expand infrastructure for retailing CNG and piped gas, said CFO Parag Parikh. The firm is going to build 1,800 CNG stations in next seven to 10 years. The firm had invested ₹1,150 crore in FY23.

https://www.ndtv.com/business/adani-total-gas-to-invest-rs-20-000-crore-in-8-10-years-to-expand-city-gas-4162137

2. Over 91% of cash generated returned to shareholders: 

TCS CEO Over 91% of cash generated by Tata Consultancy Services (TCS) has been returned to its shareholders, CEO Krithi Krithivasan said. In the past five years, TCS paid out 1.75 lakh crore in regular dividends, special dividends and buybacks, including taxes. This amounts to an average payout ratio of 98.2%, Krithivasan said. TCS's total dividend for the full year was 115/share.

https://www.msn.com/en-in/money/news/tcs-agm-over-91percent-of-cash-generated-returned-to-shareholders-says-ceo-k-krithivasan/ar-AA1dcQdd

3. Sensex, Nifty open at new all-time highs Benchmark indices 

Sensex and Nifty opened at fresh all-time highs on Friday. Sensex jumped over 300 points to reach a new high of 64,311, whereas the Nifty surged about 100 points to a record high of 19,082. Power Grid Corporation, Asian Paints, Infosys, HDFC Bank were among major gainers. Bajaj Auto, HDFC Life, Apollo Hospitals, Eicher Motors were among losers.

https://www.timesnownews.com/business-economy/markets/breaking-news-nifty-50-opens-at-all-time-high-indias-benchmark-index-hits-record-high-article-101325959

4. Pharma sector is where auto was 18 months back: Kotak AMC 

MD Kotak Mahindra Asset Management Company's MD Nilesh Shah said the pharmaceutical sector is where the auto sector was 18 months back. It's an under- owned sector, he said. However, he added that things are slowly turning around. Noting that generic pricing is rising and the US inventory levels are depleted, Shah claimed pharma sector should do well in the coming days.

https://economictimes.indiatimes.com/markets/expert-view/invest-with-conviction-on-long-term-india-growth-story-nilesh-shah/articleshow/101340904.cms?from=mdr

5. Govt hikes interest rates on some Small Savings Schemes, shares list 

The government on Friday hiked the interest rates on some Small Savings Schemes for the July-September quarter. Five Year Recurring Deposit will now fetch 6.5% instead of the existing 6.2%. Two Year Time Deposit will fetch 7.0% from the existing 6.9%. Meanwhile, One Year Time Deposit will fetch 6.9% instead of 6.8%.

https://www.businesstoday.in/personal-finance/investment/story/small-savings-scheme-interest-rates-centre-raises-interest-rates-by-up-to-30-bps-for-july-september-2023-quarter-ppf-rates-unchanged-yet-again-387766-2023-06-30

6. Vedanta fined *30 lakh for violating listing, disclosure norms 

SEBI fined Vedanta 30 lakh for violating listing and disclosure norms. Vedanta made misrepresentations about its entry into semiconductor business, which had significant impact on its share price, SEBI said. Vedanta had issued a press release in September 2022 about signing MoUs for setting up semiconductor and display fab units. Vedanta claimed it was inadvertent when NSE sought clarifications.

https://www.republicworld.com/business-news/india-business/sebi-fines-vedanta-for-violating-disclosure-norms-articleshow.html

7. SEBI halves IPO listing time to 3 days 

The SEBI has said it will reduce the listing timeline after an initial public offering (IPO) to three days after the closure of the issue from the present six days. The revised timeline shall be made applicable in two phases - voluntary for all public issues opening on or after September 1 and mandatory on or after December 1, 2023

https://www.businesstoday.in/markets/ipo-corner/story/sebi-halves-ipo-listing-time-to-3-days-can-it-benefit-both-investors-issuers-387673-2023-06-30#:~:text=The%20new%20listing%20timeframe%20will,days%20from%20existing%20six%20days.

8. Apple becomes world's 1st company to close with $3 trillion value 

Apple has become the world's first company to close a trading day with a $3 trillion market value. The company first hit the $3 trillion-milestone in January last year but failed to close at that level. On Friday, shares of the world's most valuable company jumped 2.3% to $193.97, taking its market capitalisation to $3.05 trillion

https://www.indiatvnews.com/business/news/apple-is-now-the-first-public-company-to-be-valued-at-usd-3-trillion-business-news-iphone-steve-jobs-tim-cook-latest-updates-2023-07-01-878722

9. What will the merged HDFC-HDFC Bank entity look like?

HDFC and HDFC Bank will merge today to create the world's fourth most valuable bank. The combined entity will have a market value of 14.6 lakh crore and a combined asset base of ₹18 lakh crore. The combined shares of HDFC twins will have the highest weighting of 14% on indices. The entity will have 1,77,239 employees and 8,344 branches.

https://www.zeebiz.com/personal-finance/banking/news-hdfc-ltd-completes-its-merger-with-and-hdfc-bank-today-sashidhar-jagdishan-home-loans-nse-bse-242387