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That certainly reasserted the argument that not only does the Fed remain very much committed to keeping its foot on the tightening pedal, whilst at the same time, you look at economic data, and still the U.S. looks in a much stronger place than others.

"The supply cut decision appears more like a signal by the OPEC+ that they are in control, or they want to stay in control of the market," said MK Surana, CEO of Ratnagiri Refinery & Petrochemicals and former chairman of HPCL

The lender said that on the merchant app which has been in a beta launch since September last year, the merchants have grown from 300,000 to 1 million in October 2022. While the transaction volumes have risen from 2.92 billion to 60 billion during the same period.

Domestic retail prices have remained frozen for about six months while the international fuel rates have been on a rollercoaster. This resulted in a loss of ₹18,500 crore in the first quarter of the current fiscal year and is expected to widen in the second quarter.

The recent sharp correction in some of the major emerging markets has turned the risk-reward favourable, prompting Morgan Stanley to turn positive on emerging market equities in Asia.

On Zee, the brokerage has given a buy call for a target price of Rs 370, which signals a 32% potential upside. For Sun TV also the brokerage has given a buy call with a target of Rs 760, over 44% upside potential.

In line with the corporate structure simplification process and rationalisation of business lines, we have divested our stake in Simpliance Technologies."We are also happy that Simpliance has found a permanent home at Aparajitha Corporate Services," Quess Corp Executive Director and Group CEO Guruprasad Srinivasan said.

"With the moderation in inflationary pressures due to correction in commodity prices, and the monsoon largely being on track (apart for a few states), we expect consumption to improve in the second half of the year," GCPL said in its quarterly updates.

About the outlook for the festive season, the company said it continues to be "optimistic and is visible in positive consumer sentiment" across categories.

Earlier this year, Mumbai International Airport (MIAL), run by Adani Airport Holdings (AAHL), raised about $750 million in debt from US-based Apollo Global Management. The money was raised via bonds privately placed in the US, known as USPP Debt. The debt papers, of seven-plus-year maturities, carry a coupon of about 6.5%, said a market source.