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E Kumar Sharma
New Delhi, July 21, 2018
Wipro beats expectations largely riding on its two key sectors of BFSI, which constitutes to about 30% of revenue and consumer business unit, thereby makingfor about 16% revenue, says Sudheer Guntupalli, analyst, Ambit Capital.


Reuters
July 21, 2018
India's third-biggest software services exporter, Wipro Ltd (WIPR.NS), said on Friday it would buy U.S.-based Alight Solutions' India operations for $117 million in cash.


BusinessToday.In
July 20, 2018
The Bengaluru-headquartered IT firm said that net profit for the three months to June 30 rose to Rs 2,120.8 crore.


BusinessToday.In
New Delhi, July 20, 2018
To begin with, Parekh's employment contract, which Infosys submitted as an exhibit along with its Form 20F filing with the US Securities and Exchange Commission yesterday, contains a strict non-competition clause.


PTI
July 20, 2018
Besides, persistent buying by domestic institutional investors (DIIs) too influenced sentiment. The 30-share index, which had lost 168.73 points in the previous two sessions, was trading higher by 158.11 points, or 0.43 per cent, at 36,509.34.


BusinessToday.In
July 18, 2018
Traders said positive cues from other Asian markets, tracking overnight gains in the US market following upbeat remarks from Federal Reserve Chairman Jerome Powell during his congressional testimony boosted investor sentiment.


PTI
July 17, 2018
Sentiment got a boost after global crude oil prices dropped by over 4 per cent yesterday owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.


BusinessToday.In
July 17, 2018
The younger IITs are not only catching up with the older ones in terms of attracting marquee names but also in terms of the salaries being offered.


BusinessToday.In
July 13, 2018
While the Sensex closed 6 points lower to 36,541 level, the Nifty fell just 4 points to 11,018 level. The Sensex gained 282.48 points on Thursday and closed at a record high of 36,283.25 after crude oil prices posted their biggest one-day drop in two years and robust start of the earnings season.


BusinessToday.in
New Delhi, July 13, 2018
Sensex hits fresh high of 36,740, Nifty at 11,057; Wipro, Reliance Industries, Infosys top gainersThe Sensex and Nifty continued their rally in early trade today despite flow of negative news on macroeconomic front on Thursday. While the Sensex rose 174 points or 0.48% to 36,723 level, the Nifty climbed 35 points or 0.32% to 11,058 level.Fortis accepts $584 million stake deal from Malaysia's IHH HealthcareFortis Healthcare Ltd said on Friday that it accepted an investment offer from Malaysia's IHH Healthcare Bhd, capping a months-long bidding war for control of the firm that drew interest from domestic as well as international suitors. Cash-strapped Fortis said IHH will invest Rs 40 billion at Rs 170 per share in the company that operates about 30 private hospitals in India.Retail inflation hits 5-month high in June on soaring fuel prices, weak rupeeAccording to data released by the Central Statistics Office (CSO) on Thursday the retail inflation soared to 5 per cent in June compared to 4.87 per cent seen in May. This amounts to a five-month high in retail inflation, which is calculated on the basis of Consumer Price Index. The latest jump in consumer inflation comes on the back of a depreciating rupee and skyrocketing fuel prices.Industrial output slips to 7-month low of 3.2% in May over sluggish manufacturing, power activityIndia's Industrial Production (IIP) declined to a seven-month low of 3.2 per cent in May as compared to 4.8 per cent in April, mainly due to slow manufacturing activity and sluggish performance of power sectors, and the FMCG sector. Data released on Thursday by the Ministry of Statistics and Programme Implementation showed that the cumulative growth in May over the corresponding period last year stands at 4 per cent.RBI makes it mandatory to mention buyer's name on demand draft to curb money launderingThe central bank on Thursday said it has decided to make it mandatory to mention the name of a purchaser on the face of a demand draft (DD) at a bank branch. The decision was taken by the Reserve Bank of India to make banking instruments safer and stronger.


BusinessToday.In
July 13, 2018
The Sensex hit a fresh life-time high of 36,740 in trade today compared to 36,699 level which the index touched in intra day trade yesterday. The Nifty was trading nearly 100 points lower from its all time high of 11,171 level reached on January 29, 2018.


Aseem Thapliyal
July 12, 2018
The Nifty ended above 11, 000 level for the first time since February 1 and is now 2% away from record highs. Sensex hit all-time high of 36,699 intra day after opening at 36,424 level.


BusinessToday.In
July 12, 2018
At 9:58 am, the Sensex was trading 258 points higher at 36,523 level with Nifty rising 75 points to 11,023 level. On January 29, Sensex and Nifty reached all time high levels of 36,443 and 11,171 levels, respectively on expectations from Union Budget and optimism over Q3 earnings.


BusinessToday.In
July 10, 2018
If HCL Technologies does follow through on the move, it will be the second leading IT firm to take the buyback route this year. Just last month, Tata Consultancy Services had announced a Rs 16,000 crore share buyback plan.


BusinessToday.In
July 9, 2018
The Sensex and Nifty closed higher on heavy buying in energy, capital goods, power and banking stocks following positive leads from global markets and a strengthening rupee.While the Sensex rose 276 points or 0.78% to 35,934 level, the Nifty rose 80.25 points to 10, 852 level.  Top Sensex gainers were Vedanta , Asian Paints  and Yes Bank.  Investors have shifted focus from trade tensions between China and US to Q1 corporate earnings which start tomorrow.The BSE Sensex rallied for the second day logging the highest closing level since January 31, when it had closed at 35,965. Appreciating rupee against the dollar and fresh buying by domestic institutional investors added to the momentum, brokers said.Infosys was up 1.14 per cent at Rs 1,299, while TCS closed lower by 1.34 per cent at Rs 1,887.The TCS stock was the top Sensex loser. Other IT counters like HCL Technology, Tech Mahindra and Wipro gained up to 1.68 per cent. Market breadth was positive with 1708 stocks closing higher against 907 ending in the red on BSE.


BusinessToday.In
July 9, 2018
Confluence of global stability, a sense that the rupee has bottomed and current valuations (of stocks) are holding the market up,\" said Harendra Kumar, Managing Director at Elara securities.


BusinessToday.In
June 28, 2018
Rupee collapsed to a record low of 69.10 against the US dollar by plunging 49 paise in early trade today as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics.


BusinessToday.In
New Delhi, June 25, 2018
Neemuchwala received Rs 6.29 crore in gross salary, Rs 1.70 crore in variable pay, Rs 10.2 crore in other annual compensation with other addition perks, taking his total compensation to Rs 18.23 crore for FY2017-18.


PTI
New Delhi, June 24, 2018
Neemuchwala -- who was paid in US dollars -- received an equivalent of Rs 6.29 crore in gross salary, Rs 1.70 crore in variable pay, Rs 10.2 crore in other annual compensation along with other perks, taking his total compensation to Rs 18.23 crore for FY18.


Manu Kaushik
June 19, 2018
In India, telcos and financial institutions like Airtel, ICICI Bank and Wipro use specialized BPM (business process management) agencies to sort out issues of their customers.


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