Bengaluru (IANS) Wipro on Wednesday announced results for the quarter ended December 31, 2021, recording a gross revenue of Rs 203.1 billion ($2.7 billion), an increase of 3.3 per cent QoQ and 29.6 per cent YoY. Wipro registered net income of … read more
New Delhi (IANS) India Inc is ready to take on the third Covid wave with operational experience gained during the last two-years of pandemic. Accordingly, the rising cases of Covid-19 as well as subsequent mobility curbs will have a ‘relatively mild’ … read more
Seoul/New Delhi (IANS) A Seoul court on Monday approved a local consortium’s acquisition of Mahindra & Mahindra-owned SsangYong Motor by Edison Motors for $254 million, paving the way for the financially-troubled carmaker to get back on track. The consortium led by … read more
New Delhi (IANS) Shares of graphite makers have turned attractive with reports emerging that the commodity is in short supply globally amid the strong demand. Graphite is a key component needed for the production of lithium batteries. The metal prevents the … read more
Chennai (IANS) One of Asia’s life insurance giants, the Life Insurance Corporation of India (LIC), closed December 2021 with about 20 per cent decline in new premium as compared to the premium earned during the corresponding period of 2020.However, LIC is … read more
New Delhi (IANS) After a marginal decline in early trade primarily due to profit booking, Indian equity market traded in the green later in the day and settled higher on Wednesday. Accordingly, Sensex and Nifty settled at 60,223 points and 17,925 … read more
New Delhi (IANS) India’s manufacturing industry continued to grow in December 2021, albeit at a slower pace sequentially. The headline seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) came in at 55.5 (index reading). The PMI ranges between 0 and … read more
New Delhi (IANS) The Confederation of All India Traders has written to the Centre asking it to ensure that no relaxations are provided to the e-commerce firms. The Centre is in the final stages of drafting new e-commerce rules, which is … read more
New Delhi (IANS) India Inc on Friday welcomed the GST Council’s decision to defer the proposed GST hike on textiles. According to reports, the council has deferred the proposal on the back of reservations from state governments and industry. The proposal … read more
New Delhi (IANS) Higher tax and non-tax revenue collections this fiscal are expected to more than offset the shortfall in disinvestment revenue, leading to the fiscal deficit coming in at 6.6 per cent of GDP in FY22, or 20 basis points … read more