IT services major Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, and said it has logged strong performance in revenues and order bookings. The net profit attributable to shareholders in the year-ago period had stood at Rs 2,968 crore, according to a regulatory filing by Wipro. On a sequential basis, its net profit was up 1.3 per cent, it added.
In the state of the economy report, the RBI said bond vigilantes could undermine the recovery, unsettle financial markets, and trigger capital outflows from emerging markets.
The director of films like Humpty Sharma Ki Dulhaniya, Badrinath Ki Dulhaniya and Dhadak, Shashank Khaitan invited his pals over for his birthday party.
'I still remember meeting this kid in Goa! Long hair, big dreams in his eyes and a swag that was waiting to explode on celluloid!'
Ajit Balakrishnan on keeping an eye on democratising finance in India.
Wipro Chief Executive Officer Thierry Delaporte drew a pay package of $8.7 million (around Rs 64.3 crore) in the financial year 2020-21, according to a regulatory filing. Delaporte's compensation is for the period from July 6, 2020, to March 31, 2021, and includes components such as a one-time cash award, annual stock grant and one-time grant of RSUs (restricted stock units). The former Capgemini executive had joined the Bengaluru-headquartered Wipro as its chief executive officer and managing director on July 6, succeeding Abidali Neemuchwala.
Cumulatively, the total investors' wealth has got eroded by about Rs 2,82,000 crore so far this year.
The US Fed interest rate decision, domestic macroeconomic data announcements and ongoing quarterly earnings are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Besides, monthly auto sales numbers and the LIC IPO will also remain in focus, they added. Equity markets will remain closed on Tuesday for Id-Ul-Fitr (Ramzan Id). "The market is likely to kick off this week on a sombre note after a sharp fall in the US market then the focus will shift to the outcome of the US FOMC meeting, which is crucial amid record inflation and growth worries.
The BSE benchmark Sensex opened 145 points lower on Thursday after investors' confidence was shaken by Wednesday's serial bomb blasts in the country's financial capital, amid a weakening overseas trend.
HCL Tech was the top gainer in the Sensex pack, rallying over 5 per cent, followed by L&T, Tech Mahindra, HDFC Bank, UltraTech Cement, ITC and Tata Steel. NSE Nifty rose 70.25 points to its all-time high of 15,924.20.
'Alia is not looking at marriage anytime in the near future.'
The 30 blue-chip companies, which are part of Sensex, accounted for nearly half of Monday's gain in the overall market capitalisation as the the benchmark index settled with a gain of over 336 points. The total investor wealth, as measured by the cumulative market cap of all the listed companies in the country, rose to about Rs 50.5 trillion, up from nearly Rs 49.5 trillion at the end of last week's trading.
Hiten Dalal scored a brisk 79 on debut before Himachal Pradesh fought back to reduce Delhi to 305 for eight at stumps on day one of a Group B Ranji Trophy match, in New Delhi, on Monday.
'How long could Varun wait? He's in his 30s.'
The BSE's 30-share barometer index continued its slide on Friday, fifth straight day, with a fall of 687.12 points led by sharp losses in blue-chips like RIL, DLF, ICICI Bank, Reliance Energy and Reliance Communications. The Sensex has lost 1,813.75 points in last five trading sessions, while investors' wealth -- measured in terms of cumulative market capitalisation of all the listed companies -- has declined by Rs 5,21,310 crore (Rs 5,213.1 billion).
Stock market minnows put up a stellar show in 2021 giving returns of up to 60 per cent amid Dalal Street dream run and are likely to continue sailing northwards in the New Year too. Trumping pandemic-induced uncertainties, the Indian equity market posted stunning gains this year achieving several feats and smaller stocks benefited the most from the strong momentum. From reaching the momentous 50,000-mark in January to scaling 61,000-level in October, the BSE Sensex had an epic journey this year.
Brahmastra is a work of star-struck ambition and high-octane energy whose razzle-dazzle hits many happy notes, observes Sukanya Verma.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
When Singh was about to speak to mediapersons from TV news channels, a man threw ink on his white kurta while shouting "PFI dalal wapas jao".
Stock market investments are always said to involve risks and people who made big fortunes often made headlines as scamsters, leading to Dalal Street always being looked at with suspicion, but Rakesh Jhunjhunwala was broadly an exception. Jhunjhunwala, a partner at RARE Enterprises, who rose to amass a $5.8 billion fortune and earn the tag of the country's biggest individual investor, leaves behind a relatively cleaner slate, as was seen in the most common description for him -- 'India's own Warren Buffett'. Unlike names like Harshad Mehta and Ketan Parekh, whose rise in fortunes in post-liberalised India was tainted with scam links, the newest 'Big Bull' in the more-regulated market had lesser baggage on this front.
Quite a few film folk attended a special screening of Ayushmann Khurrana's latest starrer, Bala.
Delhi Police on Monday announced a reward of Rs 1 lakh for information leading to the arrest of two-time Olympic medallist Sushil Kumar and nine others in connection with the murder of former junior national wrestling champion Sagar Rana earlier this month.
'There is so much talk about Netflix and what they should be doing.' 'In two years, SonyLIV has done what Netflix should be doing.'
BHEL, YES Bank, RCom, Titan Ind, JP Associates, BF Utilities, Ruchi Soya and Punj Lloyd have tanked more than 10% each on BSE.
At present, perpetrators of such acts often get away unscathed as the penalty for the first time offender is just Rs 50 under the Prevention of Cruelty to Animals (PCA) Act, 1960.
A bit of economic reforms stalled and decisions delayed -- what Narayana Murthy spoke of -- don't hurt if a country's compassionate and inclusive social fabric has survived intact; if the country is happy, observes Shyam G Menon.
Namrata Thakker looks back at their romance through the years.
The two men, who were arrested on August 20 from Fatehabad in Haryana's Hisar district, had claimed that they were cow vigilantes who wanted to draw attention towards protection of cows.
A round-up of Ranji matches played on Wednesday.
Saif Ali Khan and Kareena Kapoor are enjoying their annual holiday in Gstaad, Switzerland, and this time, they have some friends for company!
Garvit Kawatra, 19, from Delhi tells us how he changed his diet and lifestyle to lose 45 kg in four months.
Despite the current bout of volatility, debt-oriented hybrid funds remain well suited for risk-averse investors.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
Political controversies aside, Twitter's business in India is expanding, and creating opportunities for Indians, reports Neha Alawadhi.
We don't have *that* answer, but here's who is queuing up at the altar!
Family members came out in support of Varun Dhawan and Shraddha Kapoor's new film together, Street Dancer 3D, at its special screening in Mumbai. It has been directed by Remo D'Souza.
In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.
On Tuesday, the trial of Aakash Dalal commenced in a US court for allegedly masterminding a synagogue bombing plot in New Jersey. Arthur J Pais reports on the proceedings.
A round-up of Tuesday's play in the Ranji Trophy.
