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Oil prices held steady on Friday but remained on course for a fourth successive weekly decline as signs of weak growth in global fuel demand outweighed fears of supply disruption in the Middle East.

Its revenue from services jumped 12.6% year-on-year (YoY) to Rs 2,172 crore, up from Rs 1,930 crore in the same quarter of the previous year.

Infibeam Avenues Share Price: I am delighted to pass on this iconic brand and its legacy into the capable hands of Mr Vishal Mehta, Infibeam Avenues. I strongly believe that the new avatar of Rediff under his leadership will further strengthen the company and accelerate business growth, said Ajit Balakrishnan, Chairman & CEO of Rediff.com.

​However, our outlook on speciality products remains very positive and I expect our existing products will continue to grow. Even in the current quarter, we saw good growth in Ilumya, Cequa, Winlevi and Odomzo. And as such, we do not see any concern for growth front.

ixigo’s revenue from operations for the first quarter was reported at Rs 182 crore. This turns out to be an increase of 16% on a year-on-year basis from Rs 156.6 posted crore in the corresponding quarter of the previous year. The EBITDA increased 62% to Rs 19.2 crore for the quarter under review

Goldman Sachs expects the Reserve Bank of India to maintain interest rates and its withdrawal of accommodation stance at the August 8 meeting due to ongoing food inflation concerns. Despite a decline in core inflation, broad-based food inflation has kept headline inflation around 5% YoY in H1 CY24.

Over the past three years, a select group of 16 equity mutual funds have demonstrated remarkable performance, each delivering returns exceeding 30%. This impressive feat highlights and growth potential of well-managed equity investments, even in fluctuating market conditions.

Dhanuka Agritech revealed a Rs 100 crore share buyback at Rs 2,000 per share, prompting a 5% rise in share price to Rs 1,828.30. The buyback covers 1.10% of equity shares, with an August 16 record date. Additionally, the company reported a 49% YoY increase in PAT for Q1FY25.

Taking cues from a sell-off on Wall Street due to concerns over US growth and a decline in Asian markets, the Nifty and Sensex closed over 1% lower on Friday, dragged down by auto, energy, and IT stocks.

A total of 50,607 shares changed hands on the counter till 02:10PM (IST).