Ashish Desai sworn in as new Chief Justice of Kerala High Court

Reliance Industries Ltd (RIL), India's biggest company by market capitalisation, reported a 6% drop in consolidated profit in the June quarter from the year earlier on account of a weak oil-to-chemicals (O2C) performance as well as higher finance costs and increased depreciation.

Apple is likely to end the year with a record 8-9 million iPhone shipments, compared with 6.7 million in 2022. Sales in the first half of the calendar year have almost doubled to about 4 million from the year-ago period, bucking tepid demand in the overall market, which is expected to be flat or grow marginally this year.

India’s equity benchmarks slumped over 1% on Friday as disappointment with earnings at blue chips Infosys and Hindustan Unilever soured sentiment, bringing an end to the market’s six-day record run.