Crude oil prices fell slightly on Friday due to concerns about oversupply and weaker demand, which were magnified by a stronger US dollar. These concerns about oversupply and reduced demand overshadowed the impact of a drop in U.S. fuel stocks, contributing to the decline in oil prices. Brent crude futures dropped by 30 cents, or 0.41%, to $72.26 per barrel.
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Prabhudas Lilladher's research report on Hindustan Aeronautics. Hindustan Aeronautics (HAL) reported 6.0% YoY revenue growth in Q2FY25 with EBITDA margin increasing by 33bps YoY to 27.4%. During the quarter, HAL secured an order valued at ~Rs260bn for 240 AL 31-FP engines to power Sukhoi Su-30 fleet, with deliveries scheduled over an 8-year period starting Sep’25.
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Infosys co-founder NR Narayana Murthy defended India’s information technology (IT) services industry amid criticism from some quarters that the mindset is not letting it build foundational large language models (LLMs). Murthy argued that rather than blaming the services sector, the nation should focus on building solutions atop existing LLMs.
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