While the core operating income grew 32% year-on-year to Rs 4,402 crore, operating expenses rose at a slower pace than income growth at only 23% YoY, which resulted in improved operating leverage.
Global Market Today: Asian shares mixed as surging oil, Treasury yields weigh
Equity-index futures for Asia were mixed, while contracts for US stocks edged higher after the S&P 500 erased its advance for the month and the