Business
Wipro Jumps 3.5% after Q1 Earnings Despite Brokerages Cutting Stock Price Targets
Wipro’s IT services business missed analyst expectations, falling 1.6% sequentially to Rs 14,351.4 crore in the June quarter. IT services revenue in dollar terms fell 1.76% sequentially to $2,038.8 million.
Headless Since Feb, Goair Finally Hires Former Airbus Executive Miranda Mills as COO
The airline has seen many as 15 senior management personnel, including chief operating officer and chief commercial officer, leaving the airline since last July, due to various reasons.
US FDA Accuses India's Strides Pharma Science of Shredding, Dumping Key Documents
The investigator observed multiple bags of manufacturing documents awaiting shredding and a blue binder including the records of batches of drugs produced for the US market in a 55-gallon drum in the scrapyard.
Shares of Indian Drugmaker Strides Fall by 5% After US FDA Says Firm Tried to Destroy Quality Records Before Inspection
The destruction of quality-control paperwork and a lack of adequate documentation that its medicines are safe 'raise questions about the effectiveness' of Strides's quality unit, the FDA wrote in its letter.
IPOs to Watch Out for: Sterling and Wilson Solar, Mazagon Dock, ASK Investment
Sterling and Wilson Solar Ltd: Sterling and Wilson Solar’s Rs 4,500 crore IPO is likely to open at the end of July.
Mindtree Shareholders Approve Special Dividend of Rs 20/Share
The special dividend, which is expected to have an outgo of about Rs 328 crore from the books, was proposed by the previous promoters of Mindtree to celebrate the twin achievements of exceeding USD 1 billion annual revenue milestone and 20th anniversary o...
Iran Set to Invest in Chennai Petroleum Corporation, Says Ambassador
India was Iran's top oil client after China, but halted imports after Washington withdrew exemptions in May to eight nations, including India, who were earlier allowed to import some Iranian oil.
L&T Assures Mindtree Shareholders of Further Impetus to Long-term Growth
Earlier this month, L&T became the new promoter of Mindtree after acquiring 60.06 per cent stake in the Bengaluru-based company.
Industrial Growth Slips to 3.1% in May
There was a slowdown in the manufacturing sector, which grew at 2.5 per cent in May compared to 3.6 per cent a year ago.
World Needs Indo-US 'Mahagathbandhan', Says Mastercard CEO Ajay Banga
Mastercard CEO and president Ajay Banga said he wants to see more doctors, bureaucrats and artists from both countries, exchanging ideas and practices freely and caring about each other's opinions.
Flipkart Partners with Axis Bank to Launch Credit Card Offering Unlimited Cashback
Flipkart in a statement said the card will be available for select users in July while all customers will get access within a few weeks.
Govt Committed to Disinvestment of Air India But Wants National Carrier to Remain in Indian Hands
Civil Aviation Minister Hardeep Singh Puri also said though Air India is doing 'extremely well', the debt burden on the carrier is 'unsustainable'.
Data Presented in Budget 100% Above Board, Says Finance Minister
Sitharaman said the growth rate of nominal GDP for 2019-20 in the Budget documents has been projected at 12% over the advance nominal GDP estimates of Rs 188,46,731 crore for 2018-19. The advance estimates of 2018-19 were released on January 7, 2019.
IBM Closes $34 Billion Red Hat Deal: A Look at 5 Biggest Tech Acquisitions Ever
IBM had originally announced its intent to acquire Red Hat, a major distributor of open-source software and technology, in October last year.
Sensex, Nifty Start on a Choppy Note; TCS, Bajaj Finance Among Top Losers
After gyrating nearly 200 points in opening session, the 30-share index was trading 33.76 points, or 0.09 per cent, lower at 38,697.06.
Rising Crude Oil Prices Restrict Rupee Gains to 15 Paise, Closes at 68.51 Against US Dollar
After swinging 378 points during the day, the BSE Sensex settled 10.25 points or 0.03 per cent higher at 38,730.82.