Page 3326 - Company News

Wipro Q4 net at Rs 2,483.5 cr, announces buyback at Rs 325/share

The company also announced share buyback of 3.23 crore shares at Rs 325 apiece, aggregating Rs 10,500 crore. Earnings per share (EPS) of the company stood at Rs 4.13 during the period under review

Wipro Q4FY19 preview: Analysts see dip in margins; modest rise in PAT

Since the past six months (October 2018 onwards till date), Wipro has outperformed the markets by rallying 16.6 per cent as compared to 6.5 per cent rise in the Nifty50

Wipro stock rises 8% on back of $1.5 billion deal from Alight Solutions

Stock's underperformance, discount to peers expected to ease as software major catches up on revenue growth

Wipro settles National Grid US lawsuit for $75 mn; Q2 earnings may be hit

The British utility major had filed a lawsuit in Dec last year seeking $140 mn towards damage with relation to an ERP project

Bankrupt Jet Airways plans to sell Netherlands biz to Dutch airline KLM

The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process

Technology investment in India rose 95% at $9.3 bn in 2019: Report

The data collated by Dealroom.co show that the Indian investment figures coincided with record investment numbers registered by UK in 2019, at $13.2 bn, behind the US ($116 bn) and China ($33.5 bn)

Amazon to double investment in Prime Video

Bezos said the company's video-streaming platform is doing the best in India as compared to any other country

Vodafone Idea on the edge after SC's AGR verdict; Jio may gain most

Jio is adding 8-9 million customers every month, so hitting the magic number could take 16-18 months

Moody's places YES Bank's long-term foreign currency rating under review

The Baseline Credit Assessment was also downgraded to 'Caa2' from 'B3'

SC rejects AGR review plea; telcos have to pay Rs 1.47 trn dues in a week

Disappointed with the decision, Bharti Airtel, which is facing an estimated AGR demand of Rs 35,586 crore said it was evaluating filing a curative petition

UVARCL, a Delhi-based company that's sweeping up bankrupt telcos

UVARCL's biggest bid so far, for Anil Ambani's firms, awaits CoC clearance

GMR Infra to sell 49% stake in airport business to Tata Group entity

The diversified group had earlier announced offloading 44.44 per cent shareholding in the airport business

Plan to start work soon on Mopa airport: GMR Group after SC verdict

GMR Goa International Airport Ltd (GGIAL), a subsidiary of the group, would be implementing the project

Vodafone RedX and Airtel 999: Are these premium mobile plans for you?

Vodafone's RedX is for the traveller with high entertainment needs, while Airtel's plan is for the more value-conscious customer

Govt rules out more reliefs to telcos, feels sector out of financial stress

Bharti Airtel and Vodafone Idea will have to shell out Rs 35,000 crore and Rs 54,000 crore, respectively

Too many roadblocks for doing business in India: N Chandrasekaran

A 'transformative vision' which will ensure we move away from 'a controlled vision of micromanagement' is the need of the hour, he said

Govt lays out strategy to revive Unitech, says won't use public money

The MCA on Wednesday submitted a proposal in the Supreme Court to take over the management of Unitech.

Jio becomes largest telco with 369 mn subscribers, Voda at 336.2 mn: Trai

Reliance Jio added 56 lakh new customers, followed by Bharti Airtel which added 16.59 lakh new subscribers and BSNL 3.41 lakh.

VW CEO says carmaker faces same fate as Nokia without urgent reforms

Volkswagen is shifting from being a manufacturer of traditional vehicles to making self-driving and connected cars, a step which requires cost cuts and efficiency gains, he said

Vivo looks to raise the game in 2020 after capturing market share in 2019

Having registered a sharp increase in market share in 2019, the Chinese smartphone brand looks to raise the game