Oil India (NSE:OIL, BOM:533106) has an average rating of overweight and mean price target of 554.38 Indian rupees, according to analysts polled by FactSet.
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Australian shares receded on Friday as US Treasury yields rose to the highest level in nearly a year.The S&P/ASX 200 Index was little changed to close at 8,630.80.Brent crude oil futures climbed to around $107 per barrel as the Strait of Hormuz remained closed. Copper prices retreated from a record high, while gold prices fell towards $4,600 per ounce.The 30-year US Treasury yield rose to 5.067%, the highest since July 2025, Reuters reported.On the domestic front, trimmed mean inflation in Australia is forecast to have risen 0.3% month-over-month in April, which would see annual growth accelerate to 3.4% and three-month annualized growth around 3.2%, ANZ said.Headline inflation is likely to have risen 0.5% month-over-month, or 4.3% on an annual basis.In company news, Electro Optic Systems Holdings (ASX:EOS) agreed revised agreement terms for its acquisition of the assets of the MARSS group business. The upfront payment of $36 million for MARSS will be made on Friday, and the receipt of the funds by the MARSS vendors and the completion of the acquisition are expected in the coming days. Its shares rose 3% on market close.ClearView Wealth (ASX:CVW) said the Australian Competition and Consumer Commission (ACCC) ruled that the proposed acquisition of all of its shares by Zurich Financial Services Australia through a members' scheme of arrangement may be put into effect. Its shares closed up 1%.Lastly, Alkane Resources (ASX:ALK) reported fiscal third-quarter earnings of AU$0.0675 per share, up from AU$0.0132 a year earlier. Revenue for the three months ended March 31 was AU$274.4 million, compared with AU$63.2 million a year earlier. Its shares fell 3% on market close.
Oversea-Chinese Banking Corp. or OCBC (SGX:O39) outlined plans to increase its wealth management staff in Hong Kong by 30% in 2026 to meet growing investment and financing demand, according to a report by Bloomberg on Friday.The bank is looking to hire at least 30 relationship managers, according to Josephine Lee, head of consumer financial services at OCBC Hong Kong.The lender will also introduce a specialized Premier Private Client tier targeting affluent individuals holding assets of at least $1 million, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Pharmaceutical company Lupin (NSE:LUPIN, BOM:500257) launched a new neuro-rehabilitation center in New Delhi, India, named Atharv Ability, according to a Friday filing to the Indian stock exchanges.The new center will offer specialized and multidisciplinary care for adults and children with neurological disabilities, including stroke, traumatic brain injury, spinal cord injury, Parkinson's disease, multiple sclerosis, and pediatric neurological disorders such as cerebral palsy.The company had earlier opened Atharv Ability centers in Mumbai in 2023 and Hyderabad in 2024.Lupin's shares were up nearly 1% in recent trade.