Wipro on Thursday approved a Rs 15,000 crore share buyback, its largest so far, even as the IT major’s offer remains smaller than recent repurchases by peers Infosys and TCS, PTI reported.The company’s latest buyback surpasses its Rs 12,000 crore programme in 2023, but trails Infosys’ Rs 18,000 crore offer –the largest by any Indian…
Wipro reported a marginal decline in its March quarter profit even as revenue grew, with the IT major flagging a challenging global environment and cautious near-term outlook.The company posted a consolidated net profit of Rs 3,501.8 crore for Q4 FY26, down 1.89 per cent from Rs 3,569.6 crore a year ago, according to PTI.The dip…
‘No power is as costly as no power’ – Homi Jehangir Bhabha, the father of India’s nuclear programme, had once famously said. Several decades later, India’s nuclear energy ambitions have entered a decisive phase.On April 6, the Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu achieved criticality, achieving a sustained nuclear chain reaction…
Benchmark indices Sensex and Nifty ended lower in a volatile session on Thursday as profit-taking in banking and financial stocks erased early gains after a sharp rally in the previous session.The 30-share BSE Sensex fell 122.56 points, or 0.16 per cent, to close at 77,988.68, while the NSE Nifty declined 34.55 points, or 0.14 per…
The Nagpur-Mumbai Samruddhi Expressway saw 1.55 crore vehicles in 2025-26, generating toll revenue of Rs 1,240.04 crore, marking a sharp rise from the previous fiscal.The toll collection was higher by Rs 499.41 crore compared to 2024-25, officials said, citing data from the Maharashtra State Road Development Corporation, according to PTI.The 701-km-long access-controlled corridor passes through…
India and Russia on Thursday held a round table to strengthen cooperation in the steel sector, focusing on supply chains, technology and research collaboration amid global uncertainties.A Russian delegation comprising industry representatives participated in discussions with Indian counterparts, enabling exchange of views on key issues such as raw material sourcing, technological collaboration, equipment manufacturing and…
The Reserve Bank of India has asked state-run oil refiners to reduce spot dollar purchases and use a special credit line for their foreign exchange needs, as part of efforts to ease pressure on the rupee, according to a Reuters report.The central bank has urged refiners to access the facility through State Bank of India…
Wall Street hovered near record levels on Thursday as investors paused after a sharp rally, weighing rising oil prices and uncertainty around the Iran conflict before making fresh bets.The S&P 500 slipped 0.1%, a day after hitting a new all-time high– its 10th gain in 11 sessions–while the Dow Jones Industrial Average fell 66 points…
China’s economic growth rebounded more than expected in the first quarter of 2026, suggesting limited immediate spillovers from the Iran war while giving policymakers more room to delay additional stimulus. Gross domestic product (GDP) in the world’s second-largest economy expanded 5.0% year-on-year in January-March, the fastest pace in three quarters, according to data released by…
Gold prices moved slightly higher on Thursday supported by gains in futures markets, while retail rates across major cities showed an upward trend.On the MCX, gold June futures rose by Rs 510, or 0.33%, to Rs 1,54,458 per 10 grams. August contracts gained Rs 391 (0.25%) to Rs 1,56,790, while October contracts were up Rs…