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Wipro rises 6.5%; mcap up Rs 8,475 cr on mega buyback announcement

Saturday, 22 Jul 2017 | PTI | New Delhi

Shares of Wipro on Friday ended with 6.5 per cent gains after the company announced a mega buyback offer of Rs 11,000 crore and posted a 1.2 per cent rise in consolidated net profit for the April-June quarter. The stock jumped 6.47 per cent to settle at Rs 286.40 on...

‘77.5L traders registered under GSTN till July 18’

Saturday, 22 Jul 2017 | PNS | New Delhi

The Government on Friday said as many as 77.5 lakh traders are registered on GSTN and help desks have been set up in every commissionerate to facilitate filing of tax return. “Till July 18, 2017, the total number of GSTIN (Goods and Services Taxpayer Identification Number) registration is 77,55,416,” Minister...

Sensex climbs 124 pts, Nifty above 9,900

Saturday, 22 Jul 2017 | PTI | Mumbai

Benchmark Sensex ran up 124 points on Friday, spurred by Reliance Industries reporting its highest quarterly earnings and its announcement of a bonus issue. Strong earnings from Wipro and Indian Bank enthused investors. The BSE 30-share Sensex started settled up 124.49 points, or 0.39 per cent, at 32,028.89. The gauge...

Tweak minimum bid clause to keep coal auction going: Aruna

Saturday, 22 Jul 2017 | PNS | New Delhi

With the deferment of recent coal mine auction on account of insufficient bids, the steel ministry said there was a need to alter the clause stipulating at least three bids for each block and that the coal ministry is consulting CVC to work out a mechanism on the same. “What...

‘Rs 12k-cr worth of digital transactions carried out’

Saturday, 22 Jul 2017 | PNS | New Delhi

There were around Rs 12,000 crore worth of digital transactions every year and the number of fraudulent transactions among these was low, government said in Rajya Sabha today. Minister for Electronics and Information Technology Ravi Shankar Prasad said for prepaid payments including e-wallets, RBI has started maintaining provisional data of...

RIL Q1 net profit up 28% to Rs 9,108 crore

Friday, 21 Jul 2017 | PNS | New Delhi

With strong refining and petrochemicals margin, Mukesh Ambani-led energy-cum telecom giant Reliance Industries Limited (RIL) on Thursday posted its highest quarterly consolidated net profit of Rs 9,108 crore in the April-June period of the current fiscal. The net profit was 28 per cent higher than the same period of the...

Telecom warchest: Jio to raise Rs 20,000 crore via rights issue

Friday, 21 Jul 2017 | PTI | New Delhi:

Reliance Jio Infocomm Ltd, the closely held telecom arm of Mukesh Ambani-led Reliance Industries, today said it plans to raise Rs 20,000 crore from a rights offer. After plowing a little less than Rs 2 lakh crore into starting a national fourth-generation mobile network, the fresh round of funding will...

India on track to grow at 7.4%: ADB

Friday, 21 Jul 2017 | PTI | New Delhi

Asian Development Bank on Thursday retained India’s growth projection at 7.4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5.9 per cent. In a supplement to its Asian Development Outlook (ADO) 2017 report, ADB revised the forecast for developing Asia from...

B2B startups coming up in big way: Mohandas Pai

Friday, 21 Jul 2017 | PTI | Bengaluru:

Tech investor T V Mohandas Pai on Thursday said business-to-business startups are coming forth in a “big way” despite difficulties in running them when compared to business-to-consumer startups. Quoting a report, he said there are 20,000 startups in India and 90 per cent of them are B2C, because they...

Wipro Q1 profit up 1.2 ; announces Rs 11,000-cr share buyback

Friday, 21 Jul 2017 | PNS | New Delhi/ Bengaluru

Country’s third largest IT firm Wipro on Thursday beat the Street expectation by reporting a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for the Apr-June quarter, even as it announced a mega buyback offer of Rs 11,000 crore, joining the growing roaster of IT...


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Of 4,862 large dams, only 349 have emergency disaster action plans: CAG

23 Jul 2017 | IANS | New Delhi

Only 349 of 4,862 India's large dams have emergency disaster action plans in place, the Comptroller and Auditor General (CAG) of India's performance report on flood control and management schemes of the Water Resources Ministry has revealed. "Out of 4,862 large dams, emergency action plans or disaster management plans of only 349 dams, which is seven per cent, were prepared (March 2016)...

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Minister offers Rs 50K to RIMS laxity victim

25 Jul 2017 | PNS | ranchi

Health, Medical Education and Family Planning Department Minister Ramchandra Chandravanshi offered Gudia Bai a monetary assistance of Rs 50,000 in his personal capacity on Monday and pledged the best available medical treatment to her apart from grant of Rs 12,000 for a toilet at his home after he visited to Sadar Hospital to see the ailing lady under treatment. Chandravanshi also said that the doctor in RIMS had already been suspended...

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