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Wipro posts 7.6% Q2 profit fall as employee costs rise

Stating that it foresees a mixed demand environment, Wipro said it expects its IT service revenue for the October-December quarter of 2016-17 to be in the range of $1,916 million to $1,955 million.

Earlier, card network company MasterCard and Visa had informed various banks in India about a potential risk to some cards in India "owing to a data breach".
Oil-to-telecoms conglomerate Reliance Industries Ltd posted a 22.9 per cent drop in its second-quarter net profit, marginally missing analysts' estimates.
The company is expected to snap its six-quarter long rising trend on the growth front by reporting a 4.4 per cent sequential drop in standalone net profit in Q2.
IT services firm HCL Technologies on Friday reported a 16.7 per cent increase in net profit at Rs 2,014 crore in the September quarter of financial year 2016.
The headline indices fell tracking declines in Asian peers as a stronger dollar weighed on crude oil prices, hurting investor risk appetite.
Country's third largest IT firm Wipro on Thursday said it will acquire cloud services company Appirio for $500 million (around Rs 3,340 crore) in a cash transaction.
Private sector lender Yes Bank on Thursday reported a 31.3 per cent jump in net profit to Rs 801.5 crore for the second quarter ended September 30.
An estimated Rs1,500 crore will be spent on the redevelopment of stations in the 60 cities that have been listed as smart cities.
Users who own a new 4G capable smartphone can get 10GB of 4G data at a price of Rs 259.
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Union Budget 2016-17