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Oil prices eased on Friday, extending losses from the two previous days and heading for a weekly decline, as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand.

The S&P 500 fell overnight, too, with some heavy selling on weak results. Tesla shares tumbled 9.7% after the electric vehicle maker posted its lowest quarterly gross margin in two years. AT&T shares dropped 10.4% after the wireless carrier missed revenue and cash flow estimates.

Kotak Mahindra Bank, which had 0.64% voting rights, objected to Ocean Capital Markets resolution plan since it would compel them to release third-party guarantees in favour of the resolution applicant without recovering their entire dues.

Anil Agarwal-led resources conglomerate Vedanta has encumbered a part of its stake in Hindustan Zinc (HZL) to raise Rs 1,500 crore in loans against those shares at more than 50% margin to their market value, Vedanta told the exchanges in a mandatory filing Thursday.

Blackstone, the other contender, is in background for the likely Rs 5500-6500 cr buyout.

Lenders to Anil Ambani-promoted Reliance Capital decided they will not accept any topping offer outside the proposed auction process and negotiate only with the highest bidder, multiple people aware of the development told ET.

Several companies, according to banking circles, are unable to make fresh financial commitments to their offshore arms after the central bank made it clear that remittances would be allowed only after the lapses have been identified and fines are paid.

“The strong growth in net sales in India was related to mobile networks, as 5G deployments continued to ramp in Q1 2023,” said Nokia in its first quarter earnings statement.

"This is also a fit case where SEBI needs to send a stern message to professionals who associate themselves with securities market so as to prevent them from indulging in such acts of omissions and commissions as found in this case," Sebi said.

The CEO may spend much of the next six months on the road, meeting customers as he settles into the role. That will help him execute the customer-centricity task set by the TCS board headed by N Chandrasekaran, who’s also Tata Sons chairman.