India shares higher at close of trade; Nifty 50 up 0.05%

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Motilal Oswal Financial Services reported a consolidated net profit of Rs 1,273 crore for Q1 FY27. Revenue from operations jumped over 25% year-on-year to Rs 3,426 crore during the quarter. The company achieved its highest ever operating profit after tax of Rs 1,513 crore. Its asset management business profit surged 73% to Rs 245 crore….

New government schemes will offer significant financial support to Indian private space companies. These initiatives aim to boost domestic launch capabilities and global competitiveness for businesses. Subsidies will cover launch services, technology transfer, and access to ISRO facilities. The programs are designed to lower entry barriers and accelerate private sector growth. This support will make…