Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
Rise in crude oil price and rally in global equities aided the sentiment
The Sensex opened with a positive gap of 22 points at 5,913.
Indian IT companies have been under pressure to return excess cash on their books to shareholders through generous dividends and buybacks
The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans
When it comes to key hands-on management positions, India Inc is still largely run by men.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
Trump to sign an executive order aimed at achieving a more skills-based and merit-based immigration system.
Pai has direct and indirect investments in about a dozen companies.
Financial shares were among the top gainers with HDFC leading the gains.
'We are on a whole different level of complexities and fundamental change is happening in the industry. There is a need for organisations to design themselves to deal with such complexities.'
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
Investors were anxious concerned about the uncertainties over the timing of Us Federal Reserve rate hike, US policies under President Donald Trump, the upcoming French election and rising crude price that could impact inflation, going ahead. A weak closing in Asia tracking overnight losses in the US owing to all these unknowns triggered selling, brokers said.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
The country would see more economic progress if the private sector was left to run business without government interference, Infosys founder N R Narayana Murthy has said at the Jaipur Literature Festival.
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
His compensation in FY17 was more than the combined salaries of the entire boards of TCS, Wipro and Infosys. 'I am a self-made man from a very modest background,' Tech Mahindra's CEO C P Gurnani tells Shyamal Majumdar.
The FAQ also clarified that companies, including Titan, which supplies watches and jewels through their own websites will not be considered as e-commerce operators
Coal India was the biggest gainer on both Sensex and Nifty
Sinha started his tenure at Sebi a bit shakily making people wonder if he'd complete his three years. Eventually, he went on to stay twice that long.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Sikka said he needs to move forward and return to environment of respect, trust and empowerment, where he can take on new lofty challenges.
Former iGate CEO Phaneesh Murthy, who was sacked by the US-based IT services firm for failing to disclose his relationship with a subordinate in May this year, has slapped the company with a law suit.
Cos can apply for PAN card number online through e-Biz portal.
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
HCL's president & CEO Anant Gupta talked to Business Standard about the demand environment, its in the European market and Roshni Nadar's induction into the company's board of directors.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Chairman of Manipal Global Education Services says that the government often forgets that its prime duty is to serve the people and not some sick public sector units.
The board meeting is likely to take place later in Shanghai.
Rajan has been facing continuous attacks by Bharatiya Janata Party MP Subramanian Swamy and some other sections, who have alleged that he has failed to lower interest rates and boost the economy
Maharashtra has reported 31 positive cases, Kerala 19, Uttar Pradesh 11, Delhi and Karnataka six each, Ladakh three, Jammu and Kashmir, Rajasthan and Telangana two each; and Tamil Nadu, Andhra Pradesh and Punjab one case each. The total number of confirmed cases also includes 17 foreigners -- 16 Italian tourists and a Canadian, it said.
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
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