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Stocks in News

* L&T FINANCE: The company’s retail loan book grew 18% YoY to Rs.99,800 crore in Q1, with retail disbursements rising 18% to Rs.17,510 crore, while rural business finance saw a slight dip to Rs.5,610 crore.

* IEX: The company’s electricity trading volume rose 6.5% YoY to 10,852 million units in June and grew 15% YoY to 32,382 million units in Q1.

* ONGC: The company and Japan’s Mitsui O.S.K. Lines signed a Heads of Agreement to jointly build, own, and operate two Very Large Ethane Carriers for transporting imported ethane to ONGC Petro Additions.

* AEGIS LOGISTICS: The company commissioned a 48,000 MT LPG cryogenic terminal at Pipavav, which will be transferred to Aegis Vopak Terminals.

* RELIANCE RETAIL: The company has made a minority investment in UKbased FACEGYM and will launch its signature facial workouts in India via select Tira stores.

* BAJAJ FINANCE: The company posted a strong Q1 FY26 update with deposits up 15% YoY to Rs.72,100 crore and AUM rising 25% YoY to Rs.4.41 lakh crore.

* VEDANTA: The company’s aluminium production rose 1% YoY to 6 lakh tonnes, while Zinc International output surged 50% to 57,000 tonnes.

* PC JEWELLER: The company’s Q1 revenue surged 80% YoY, driven by strong festive and wedding demand despite gold price volatility. It cut bank debt by over 50% in FY25 and 7.5% in Q1, aiming to be debt-free by FY26, while continuing operational restructuring.

* YES BANK: The bank’s loans and advances declined 2% QoQ to Rs.2.41 lakh crore, while deposits fell 3% QoQ to Rs.2.75 lakh crore.

Economic News

* Govt plans bill for regulator, RTI purview for sports federations: To promote transparency and accountability, the Centre is set to introduce a bill in the Monsoon Session to establish a sports regulator. The National Sports Governance Bill aims to bring sports federations under the RTI Act, excluding specific sensitive information. The bill proposes the Sports Regulatory Body of India, Athletes Commission, and Appellate Sports Tribunal to regulate sports governance.

Global News

* US House passes sweeping tax-cut and spending bill, sends it to Trump for signature: Republicans in US Congress successfully passed President Trump's $4.5 trillion tax cuts and spending bill, achieving a major legislative victory despite unified Democratic opposition. The bill extends tax breaks from 2017, invests in national security, and implements cuts to Medicaid and food stamps to offset costs. This marks a significant milestone for Trump's second-term agenda with Republican support.

* Chinese aircraft carrier sails into Hong Kong to boost patriotism: Shandong, China's first self-made aircraft carrier, reached Hong Kong. This arrival occurred after the 28th anniversary of Hong Kong's return to Chinese rule. The warship is open for public visits. All tickets have been claimed. The carrier's arrival follows increased patriotism efforts in Hong Kong. Earlier, the Shandong conducted exercises near Taiwan. Joint exercises were also held in the Pacific.

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