Kotak Mahindra Bank announced on 28 April, 2017, that the bank has entered into an agreement to purchase the entire 26 percent equity stake held by Old Mutual plc, UK in Kotak Mutual Life Insurance for a consideration of Rs 1292.70 crore. Ambuja Cements Ltd announces first quarter results, while Private sector lender IDFC Bank […]
The benchmark indices open Friday, marginally lower following subdued global signs and negative cues from other Asian indices. The investors watch lightly ahead of earnings to be announced today. There are more than 30 companies will announce their March-quarter results today. Street will also be cautious of the volatility in the market on the first […]
The benchmark BSE Sensex fell on Thursday after hitting record highs the last day’s close as investors took a breather and booked profits, while Axis Bank fell on a drop in quarterly profit. The BSE Sensex was down 103.61 points at 30,029.74, while the NSE Nifty-50 was down 9.70 points at 9,342.15. ITC shares fell […]
GIC Housing Finance Limited has reported a 24.5% growth in net profit at Rs 46.61 crore for the Q4 ended March 31, 2017, V/s Rs 35.87 crore for the corresponding period of the last financial year. Sterlite Technologies Ltd has reported a 16.27% rise in consolidated net profit to Rs 63.66 crore in the fourth […]
Wipro Ltd on Tuesday 25 April 2017, posted a marginal increase in its net profit at Rs. 2,267 crore for the quarter ended March. The company had registered a profit of Rs. 2,257.3 crore in the year-ago period. The total income stood at Rs. 15,033.8 crore in the above quarter versus Rs. 14,312.7 crore in the year-ago period, up over 5%.
Wipro Ltd declated that it will issue bonus shares within the next two months, with a view to encourage involvement of small investors and to enhance liquidity and expand retail shareholder base. The move comes following the earlier announcement of TCS and Infosys share buybacks to offer rich returns to shareholders.
Wipro’s profit fell nearly 5% to Rs. 8,518 crore, for the year ended March 2017. The total income grew 7.4% to Rs. 57,995 crore compared to the previous financial year.
The company expects profit from its IT domain to be in the range of USD 1,915-1,955 million for the April-June 2017 quarter. This grew 3.9% in the March quarter to usd 1,954.6 million from the year-ago period.