An overview Wipro’s IT services division grew 21.3 percent in constant currency in the first quarter compared to the same period last year. However, the acquisition of a British consultancy and technology services firm, accounted for 7.7% of this. In the preceding quarter, Wipro completed the acquisition. Nonetheless, the corporation had a very excellent quarter. …
An Overview Finance Minister Nirmala Sitharaman said on Friday that India is committed to long-term relationships with US investors and that the two countries have set a goal of $500 billion in trade between them. Sitharaman was speaking to a group of prominent foreign investors including General Electric, Baxter Healthcare USA, Brambles, Marsh & McLennan …
Clean Science & Technology Ltd. will list its IPO shares on the NSE and BSE today. The company is one of the leading India-based chemical manufacturers. It primarily deals with Pharmaceutical Intermediates, Performance and FMCG chemicals. Clean Science exports its productions to various international markets and has collected 69% revenues through export in 2020. The …
An Overview of HDFC Q1 On Saturday, HDFC Bank reported a 16.1% increase in standalone net profit to Rs. 7,729.60 crores, up from Rs. 6,658,60 crores in the same quarter last year. The earnings number fell short of investors’ expectations. The second wave of pandemic disrupted business operations for about two-thirds of the quarter, resulting …
As per data published by depositories, Foreign Portfolio Investors (FPI) have withdrawn net investments worth Rs. 4515 crores in the first half of July 2021. Accordingly, it appears that they are moving towards the Indian market with caution. That said, they had taken an aggressive approach in the first three months of this year before …
RBI announced the second tranche of acquiring government securities on 15 July under the Government Securities and Acquisition Programme 2.0 or G-SAP 2.0. According to this announcement, RBI will purchase securities worth Rs. 20,000 crores on 22 July. The auction results will be available on that date itself. Moreover, applicants will receive their securities in …
Ambani’s Shopping Binge Continues Reliance Retail made an open offer to JustDial investors at a 5% discount to the current price, which dragged on the latter’s stock on Monday. The Just Dial stock dropped to a low of Rs. 1,016 on Monday before recovering to Rs. 1,023 — still down 4.67 percent for the day. …
An Overview In the first two months of the current fiscal year, India continued to garner significant foreign direct investment inflows. Inflows increased in April-May compared to the same period last year. However, a third of the inflows were due to secondary market purchases of shares rather than company investments in facilities, allowing the country …
Unilever’s mid-year results should provide a sign of how the FMCG giant is managing the increasing commodity and transportation costs. Moreover, it will show if they have managed to navigate a price hike without compromising sales volume. Even though Unilever, in its earlier prediction, did not foresee any significant changes to its underlying profits, analysts …
A Brief Overview The 2nd wave of the Coronavirus pandemic wreaked havoc on the Indian economy which up until its onslaught, was beginning to witness an upturn. The re-imposition of lockdowns across the country, however, meant that all forms of commerce and economic activity reduced their pace of operations which adversely affected their returns as well …
