Wipro Ltd. managed to beat the Street's expectations for earnings and profitability for the September quarter, as strong deal bookings, cross-currency tailwinds and growth in the company's financial services and communications vertical more than offset the weakness in the manufacturing and energy segments. In fact, the pace of sequential growth in profit and revenue seen by Wipro during Jul-Sept was the highest in seven quarters. Register to read
The surge in India's import of pulses, which rose 84% on year to 4.6 million tonnes in 2023-24 (Apr-Mar), was only a temporary phenomenon which happened due to climate-related issues, Nidhi Khare, secretary of the Department of Consumer Affairs, said. She added that these imports had actually provided "comfort, affordability and accessibility" to consumers when domestic supply fell.Register to read
The Supreme Court on Thursday said that it will consider listing an application seeking directions to the Centre to restore the statehood of Jammu and Kashmir. The application was filed in a case where the apex court had on Dec. 11, 2023, upheld the abrogation of Article 370 of the Indian Constitution, which conferred special status to the erstwhile state of Jammu and Kashmir.Register to read
Traders in the dollar/rupee forwards market were caught off guard when they realised that the much-awaited initial public offering of Hyundai Motors India Ltd. was drawing a lukewarm response, causing heightened volatility in the near-term segment, dealers said. The IPO had opened on Tuesday and was subscribed just 42% as of Wednesday end.Register to read
Brokerages seem to diverge on the Jul-Sept financial results of One97 Communications Ltd. While three brokerages see the company's loss shrinking on account of cost optimisation, Emkay Global Financial Services Ltd. expects it to post profit--for the first time since its listing on the exchanges in 2021--due to a rise in other income.Register to read