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Oil India saw a 10% dip in first quarter profit, down to Rs 1,467 crore, due to higher levies and expenses. Despite a 26% increase in revenue to Rs 5,840 crore, the higher excise duties and other statutory levies affected the margin. Meanwhile, operating profit in oil and gas segments showed growth.

Mark Mobius emphasized the global influence on the US markets, with significant earnings from emerging countries like India. He recommended a diversified portfolio focusing on US and Indian equities for the short and long term and highlighted the potential short-term gains from fixed income investments. Mobius cautioned against certain Latin American and African markets.

​So, to that extent, there is some element of stickiness that comes through in numbers. But one must also understand both in terms of their own properties, as well as the managed properties that Lemon Tree has taken over, they have had a substantial addition in the last few quarters. So, the ramp up is going to take time.

Asian equities saw gains on Friday as resilient US labor market data lifted investor confidence. Markets in Japan, South Korea, and Australia were bolstered, and US stocks had a significant rally. Jobless claims in the US were lower than anticipated, easing recession fears and encouraging investment in riskier assets, including cryptocurrencies.

The group secured new orders worth Rs 980 crore across defence, ferrous and aluminium castings and the core forging business, he added

Domestic benchmark equity indices closed lower on Thursday, dragged by metal and IT stocks. The S&P BSE Sensex closed 0.73% lower at 78,886, while the NSE Nifty50 index ended below the 24,150 level

Analysts have said the companies will likely split the U.S. market roughly 50-50 by the end of 2024, as Lilly bolsters its manufacturing capacity and closes the gap with Novo

The shares were disposed of at an average price of Rs 1,799.79 apiece, taking the deal value to Rs 224.97 crore.At the end of the June quarter, London-based Standard Chartered Bank owned a 3.09 per cent stake in Protean eGov Technologies, shareholding data showed with the bourse

The revenue increased by 3.9% from Rs. 1,229.07 crores to Rs. 1,277.52 crores in the period under review. The sales volume grew by 2.6% year-on-year to 5.74 crore pieces