IT major Wipro on Thursday reported a marginal year-on-year decline of 0.4 per cent in net profit to Rs 3,074.5 crore for the fourth quarter ended March 2023 and announced a share buyback of up to Rs 12,000 crore. The Wipro board approved the buyback of 26.96 crore equity shares at a price of Rs [...]
Tesla Power USA on Thursday said it has inked an agreement with Indian Oil Corporation Limited (IOCL) to sell and service batteries at the state-owned firm's petrol pumps. The partnership will enable Tesla Power to sell and service batteries at over 36,000 IOCL petrol pumps across India, the US-based firm said in a statement. "This [...]
Domestic benchmark indices closed in the green on Thursday after a flat opening. The BSE Sensex closed at 60,649 points, up 349 points and the Nifty 50 ended 101 points higher at 17,915 points. 1970 shares advanced, 1421 shares declined, and 126 shares remained unchanged. Here are three stocks that gained more than 15% today: [...]
Bajaj Finserv Ltd (BFL) on Wednesday reported a 31 per cent jump in its consolidated net profit at Rs 1,769 crore for the fourth quarter ended in March 2023. The company had posted a net profit of Rs 1,346 crore during the corresponding January-March period of 2021-22. The total consolidated income during the March 2023 [...]
Online food delivery platform Swiggy has partnered with jobs and professional networking company apna to create 10,000 hyperlocal opportunities for its quick commerce grocery service -- Instamart -- in 2023. With this, the company is aiming to strengthen its delivery workforce in tier 2 cities. Announcing the partnership on Thursday, apna shared that in 2022, [...]
Equity benchmark indices Sensex and Nifty ended in the green on Thursday, climbing for the fourth straight day, amid fresh foreign fund inflows and intense buying in IT and telecom stocks. Buying in index majors Infosys and Reliance Industries added to the optimism in the equity market. The 30-share BSE Sensex climbed 348.80 points or [...]
Shares of Voltas, a Tata Group Stock tanked 5.50% on Thursday to reach an intraday low of ₹ 807.60 apiece. This happened after the company reported its results for the fourth quarter of FY23 and terminated a joint venture pact with Highly International (Hong Kong) Limited. A 03:18 PM, the company’s shares were quoting at [...]
Renewable energy solution provider Suzlon on Thursday announced that it has bagged a 39-MW wind power project from Thermax Group company First Energy. This order is part of a 100-MW wind-solar hybrid project by First Energy 5 Pvt Ltd, a company statement said. Suzlon will install 13 wind turbine generators (WTGs) with a hybrid lattice [...]
Trials for Coal India's in-house e-auction platform will begin in May, a senior official said on Thursday. At present, the e-auctions are conducted through external agencies such as MSTC Ltd and mjunction Ltd. Within the next three-four months, all e-auctions of the state-owned Coal India will move to the in-house platform, which has been developed [...]
Shares of Rail Vikas Nigam Limited are in the red today witnessing a fall of around 1 percent and currently trading at Rs 104. Considering movements in the last 5 trading sessions, the stock has jumped more than 32 percent ranging from Rs 79 to the current levels. Keeping a purview of 6 months, the [...]
