Wipro  |The IT major reported a dollar revenue growth of 3.7 percent at $1,992.4 million in Q2FY21 as against $1,921.6 million, QoQ. Management expects dollar revenue growth at 1.5-3.5 percent in Q3. Net profit rose 3.1 percent to Rs 2,465.7 crore. The company approved share buyback of up to 23.75 crore equity shares worth Rs 9,500 crore via a tender offer at Rs 400 per share.


Market

Updated : April 08, 2021 07:35 AM IST

The Indian market is probably going to open greater on Thursday because the development on SGX Nifty signifies a constructive begin for the broader index in India amid combined international cues. The Nifty futures have been buying and selling 51.50 factors or 0.35 % greater on the 14,915.00 degree on the Singaporean Exchange at 7:15 am.

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 Wipro  | The IT major has appointed Suzanne Dann as senior vice president and sector head for capital markets and insurance, North America Region. It also appointed Subha Tatavarti as Chief Technology Officer.

Wipro | The IT main has appointed Suzanne Dann as senior vp and sector head for capital markets and insurance coverage, North America Region. It additionally appointed Subha Tatavarti as Chief Technology Officer.



 Bharti Airtel  | The company has launched ‘Airtel IoT’, an integrated platform that enables enterprises to harness the power of Internet of Things (loT) and be ready for the emerging era of connected things.

Bharti Airtel | The firm has launched ‘Airtel IoT’, an built-in platform that allows enterprises to harness the ability of Internet of Things (loT) and be prepared for the rising period of linked issues.



 Ashok Leyland  | The company plans to expand its UK-based subsidiary Switch Mobility into India. It will form two subsidiaries called Switch Mobility Automotive and OHM Global Mobility. Switch Mobility Automotive will carry on Ashok Leyland’s EV strategy in India and OHM will focus on providing mobility as a service offering.

Ashok Leyland | The firm plans to develop its UK-based subsidiary Switch Mobility into India. It will kind two subsidiaries referred to as Switch Mobility Automotive and OHM Global Mobility. Switch Mobility Automotive will carry on Ashok Leyland’s EV technique in India and OHM will focus on offering mobility as a service providing.



 Vedanta  | Vedanta Resources' sweetened offer to buy back 17.5 percent share in Vedanta was subscribed 57.5 percent, helping it raise its stake to about 65 percent.

Vedanta | Vedanta Resources’ sweetened provide to purchase again 17.5 % share in Vedanta was subscribed 57.5 %, serving to it increase its stake to about 65 %.



 Muthoot Finance  | The company plans to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29.

Muthoot Finance | The firm plans to increase Rs 1,700 crore by public concern of secured redeemable non-convertible debentures. The concern opens on April 8 and can shut on April 29.



 IRCTC  | The company has temporarily suspended Lucknow-New Delhi Tejas Express till April 30, 2021.

IRCTC | The firm has briefly suspended Lucknow-New Delhi Tejas Express until April 30, 2021.



 Hindustan Copper  | The company opened its qualified institutional placement issue for subscription on April 7. The floor price has been fixed at Rs 125.79 per equity share.

Hindustan Copper | The firm opened its certified institutional placement concern for subscription on April 7. The flooring worth has been fastened at Rs 125.79 per fairness share.



 Minda Corporation  | The company’s board approved the Technology License and Technical Assistance Agreement with Israel’s Ride Vision Ltd. for manufacturing and selling of a customized version Rider Assistance System with Collision Aversion Technology for powered two and three-wheelers for the Indian market.

Minda Corporation | The firm’s board authorised the Technology License and Technical Assistance Agreement with Israel’s Ride Vision Ltd. for manufacturing and promoting of a custom-made model Rider Assistance System with Collision Aversion Technology for powered two and three-wheelers for the Indian market.



 Godrej Consumer Products  | In India, the company expects to deliver sales growth around the thirties during Q4FY21, driven by strong volume growth and calibrated price increases.

Godrej Consumer Products | In India, the corporate expects to ship gross sales development across the thirties throughout Q4FY21, pushed by sturdy quantity development and calibrated worth will increase.



 UCO Bank  | The bank has approved the proposal for the issue of equity shares on a preferential basis to the government against a capital infusion of Rs 2,600 crore.

UCO Bank | The financial institution has authorised the proposal for the difficulty of fairness shares on a preferential foundation to the federal government towards a capital infusion of Rs 2,600 crore.



 Prakash Industries  | The company achieved the highest-ever steel sales of around 2,72,142 tonnes in Q4FY21, recording a growth of 8.85 percent QoQ and 31.16 percent YoY. In FY21, total steel sales were at 9,54,760 tonnes, a growth of 3.13 percent over FY20 despite disruptions due to the COVID-19 pandemic.

Prakash Industries | The firm achieved the highest-ever metal gross sales of round 2,72,142 tonnes in Q4FY21, recording a development of 8.85 % QoQ and 31.16 % YoY. In FY21, whole metal gross sales have been at 9,54,760 tonnes, a development of three.13 % over FY20 regardless of disruptions due to the COVID-19 pandemic.



 Tanla Platforms  | The communications services firm announced the appointment of Aravind Viswanathan as chief financial officer effective June 1, 2021.

Tanla Platforms | The communications providers agency introduced the appointment of Aravind Viswanathan as chief monetary officer efficient June 1, 2021.


Published : April 08, 2021 07:35 AM IST




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