Jio-BlackRock Debuts Strong with $2Bn Fundraise

• Indian stock market benchmarks —  the Sensex and the Nifty 50 — ended flat on Monday, July 7, amid India-US trade deal uncertainty. 

• It was a subdued session for the Indian stock market, with benchmark indices ending largely flat as caution prevailed ahead of the July 9 deadline for the India–US trade deal. Uncertainty over the ongoing negotiations kept investors on the sidelines.

• Adding to the cautious tone, sentiment was dampened by SEBI’s report on Jane Street, which weighed on market momentum and kept stock movements rangebound.

• However, pockets of strength were seen in FMCG and Oil & Gas stocks, supported by falling crude prices and early signs of a demand recovery in urban India during the June quarter.

  Meanwhile, trade talks between India and the US have hit a roadblock, with the White House reportedly pressing New Delhi to open access to sensitive sectors like agriculture and dairy—demands India continues to resist in order to safeguard its farmers’ interests.

NYKAA +1.45%

• The stock gained 2% on Monday, July 7, after the company’s Q1 business update indicated stable growth momentum despite external challenges.

• It expects consolidated revenue to grow at the lower end of the mid-20% range, while overall GMV growth is projected to exceed that, extending its strong multi-quarter performance.

Jubilant FoodWorks (3.80%)

• Shares fell 4% on July 7 as brokerages reacted lukewarmly to the company’s Q1FY26 like-for-like sales growth in Turkey.

• However, consolidated revenue for the June quarter rose 17% to ₹2,261.4 crore.

• JioBlackRock raises ₹17,800 crore in debut NFO, enters India's top 15. (ET)

• Should India adjust its trade balance to partially mitigate US tariff risks? (ET)

• India auto dealers warn of risks to supply, retail volume growth. (ET)

• India and US edge closer to mini trade deal: Key sectors excluded. (ET)

• Square Yards to raise ₹2,000 crore ($233Mn) via IPO at ₹17000 crore ($2Bn) valuation. (EN)

• Travel Food Services IPO received a 10x subscription on its first day. (MC)

This week’s mainboard IPO schedule

• Travel Food Services

  • Offering Period: 07 July - 09 July, 2025

  • Listing Date: 14 July, 2025

  • Issue Price: 1045-1100

  • Lot Size: 13

• Smartworks Coworking Spaces

  • Offering Period: 10 July - 14 July, 2025

  • Listing Date: 17 July, 2025

  • Issue Price: 387-407

  • Lot Size: 36

M&A / Investments

• Capgemini acquires WNS for ₹28,210 crore ($3.3Bn) with a focus on AI capabilities. (MC)

• Airtel's Mittal, Warburg Pincus bid ₹6,154 crore ($720Mn) for 49% of Haier(RT)

• Yulu raises ₹25.7 crore ($3Mn) from auto parts maker Magna International

• Workspace solutions provider Incuspaze acquires VSKOUT. (EN)

• Tilaknagar Industries in talks to acquire Imperial Blue from Pernod Ricard. (MC)

VC