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Wipro announces Rs 11,000 crore share buyback, net profit for first quarter up by 1.2 per cent

India’s third largest IT firm Wipro today posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for the April-June quarter.

china yuan, yuan, china market, china investments, china economy, investments, latest news, business markets

China’s yuan firms against US dollar relative to Friday’s late close

China’s yuan on Monday firmed against the U.S. dollar relative to where the Chinese currency ended Friday night, even though the greenback has strengthened. China June inflation data, had no impact on the thinly traded yuan, traders said.

Tata Communications Ltd, Tata Communications, Telemedia, Singapore India business, Singapore business news, Tata Communications losses, India business, business news

India’s Tata Communications to sell 74% in data centre to ST Telemedia

Tata Communications, which provides telecom and data services infrastructures selling a 74 percent stake in its data centre business to Singapore-based ST Telemedia.

wholesale inflation india, wholesale inflation rate, wholesale inflation index, wholesale price inflation, wholesale price inflation data, wholesale price inflation India, news, Economy news, business news

Wholesale inflation reverses gear, ticks up to 0.34 pc in April

Dearer food items like pulses, potato and sugar pushed up WPI inflation for April into the positive zone for the first time in 18 months to 0.34 per cent.

bullet train project, NITI, NITI Aayog, Arvind Panagariya, India bullet train, India news

India, Japan to discuss bullet train project today, Panagariya in Tokyo

India will get the latest version of Sinkansen, the Japanese bullet train, to cover the 508 km distance between Mumbai and Ahmedabad in about two hours at more than 300 km per hour speed.

Taiwan stocks fall to 2-month lows amid concerns over local economy

The Taiwan dollar firmed T$0.07 to T$32.211 per US dollar.

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ICICI Bank continues to fall, shares drop 5%

Shares of the company plunged 4.73 per cent to Rs 225.40 on BSE.

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Sun Pharma shares tank 15%; m-cap dips by Rs 34,055 cr

As a part of the integration process with Ranbaxy, the company expects to incur certain integration charges in order to generate long-term synergies from this merger, Sun Pharma said on Monday.

diamond polisher, worker, diamond worker, diamond factory, ahmedabad news, city news, local news,Gujarat news, Indian Express

Slump In Market: Shut units, jobless workers take sheen off Surat’s diamond industry

A top diamond businessman said in the last six months there had been a 50 per cent dip in the production of all major diamond polishing units.

nasscom, nasscom india, india nasscom, National Association of Software and Services Companies, BVR Mohan Reddy, Business news, business

Nasscom’s ‘Big Data’ summit begins

The summit was inaugurated by BVR Mohan Reddy, chairman, NASSCOM and K T Rama Rao, minister for IT & Panchayati Raj, Telangana.

‘Make products competitive sans subsidies, doles, says Commerce sec Rajeev Kher

Kher said industry will have to become globally competitive without the support of ‘subsidies and doles.

Perversity sells design

Americans see everything big, from them I learnt about how important it is to design industrial products for mass scale manufacture.

Indian airlines to post $1.3 bn -$1.4 bn losses for FY 2015

The combined losses of domestic airlines plying in the domestic sector is expected to reach $1.3 bn…

Railway fare hike: Bitter medicine to be swallowed for economy, says Venkaiah Naidu

‘Railway board has moved now to give effect to what the Minister and then PM had concurred.’

Gujarat project to tilt balance of power in favour of Suzuki, make Maruti lose control of destiny: IiAS

IiAS believes that Maruti shareholders should only be concerned with how Maruti uses its funds…