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Business

Wipro ADR jumps 17% after quarterly results

New Delhi, Jan 13 (IANS) Wipro ADR jumped almost 17 per cent after the company declared quarterly results for the quarter ending December 2023.Wipro ADR traded at $6.28, up 16.95 per cent on Friday.Gross revenue reached Rs 222.1 billion, a decrease of 1.4 per cent QoQ. IT services segment revenue was at $2,656.1 million, a decrease of 2.1 per cent…
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Business

FPI inflows slowed down in Jan

New Delhi, Jan 13 (IANS)The surge in FPI inflows during December 2023 which stood at Rs 58,372 crore, slowed down in early January 2024, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.As per NSDL data, total…
Business

Two big deals completed by Tata Consumer Products

Mumbai, Jan 12 (IANS) In two back to back deals, Tata Consumer Products on Friday stated it will acquire up to 100 per cent stake in Organic India, a Fabindia-owned business that sells tea, infusions, herbal supplements and packaged foods,…
Business

LIC wins Rs 25,464 Income Tax refund on interim bonus

New Delhi, Jan 12 (IANS) In a victory for Life Insurance Corporation (LIC), the Income Tax Department has issued a refund intimation of Rs 25,464.46 crore for seven assessment years.The refund pertains to the ongoing dispute between the…