Motilal Oswal Asset Management Co., which has an exchange-traded fund tracking the Nasdaq 100 since 2011, followed it up with a similar product tracking the S&P 500 in April 2020.

DHFL has received bids from Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy to either pick a stake in the company or buy out assets.

The company will raise about USD 34.5 billion from the share offering, which is expected to surpass oil company Saudi Aramco’s USD 29 billion share sale last year, making Ant Group’s offering the biggest in the world.

Future Retail Ltd, which operates retail chains as Big Bazar and Easy Day said it is not a party to the agreement under which Amazon has invoked arbitration proceedings and the deal cannot be held back through the arbitration process.

BP Group chief executive Bernard Looney said India will be the fastest-growing fuel and lubricant market in the next 20 years and his group’s venture with Reliance will grow the network of petrol pumps to 5,500 in the next 4-5 years.

On the supply side, Libya’s National Oil Corp on Friday ended its force majeure on exports from two key ports and said production would reach 1 million barrels per day (bpd) in four weeks, a quicker ramp-up than many analysts had predicted.

The lira dropped another 1.3 per cent to 8.06 against the dollar, a day after Erdogan dared Washington to impose sanctions after the NATO-member country tested the S-400 air defense system it purchased from Russia.

Post-earnings management commentaries show companies are confident about demand revival, and gradual recovery from the sharp damage suffered in the fiscal first quarter.