Promoters sell 1% in Wipro for ₹9,156 cr.
Special Correspondent Wipro promoter Azim Premji and promoter companies tendered 22,89,04,785 shares worth ₹9,156 crore during a buy-back programme, said the IT firm in a filing. Azim Premji Trust tendered 19.87 crore shares, Hasham Traders tendered 1 crore shares and Azim Premji Philanthropic Initiatives tendered 51.82 lakh shares. Mr. Azim Hasham Premji Partner Representing Zash Traders and Mr Azim Hasham Premji Partner Representing Prazim Traders tendered 75 lakh shares each, as per the filing.Post the buyback,Parley: Does the Budget do enough in providing a stimulus to growth?
Suresh Seshadri By not cutting spending despite constraints, the Budget ensures momentum doesn’t backslideA government that is clueless on the economy
Pulapre Balakrishnan Listening to the Budget speech, one would hardly get any indication of either the economic slowdown or the unemployment rate, which is the highest in decadesA Budget exercise that is designed for stressed times
T.T. Ram Mohan The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reformsRupee gains for 2nd straight day; settles 12 paise higher at 73.05/$
PTI Rupee gained for the second straight day and closed 12 paise higher at 73.05 (provisional) against the U.S. dollar on Wednesday, supported by a rally in domestic equities and a weak American currency. At the interbank forex market, the rupee opened at 73.11, and hit an intra-day high of 73.05 and a low of 73.14. It finally finished at 73.05, higher by 12 paise over its last close. On Tuesday, the rupee had settled at 73.17 against the American currency. Meanwhile, the dollar index, whichEmerging market NPAs to continue rising: S&P
Special Correspondent ‘Cost of risk to stabilise at high levels’Sundaram Finance names Rajiv Lochan as MD
Special Correspondent The board of Sundaram Finance met on Wednesday and named Rajiv Lochan (director Strategy) as managing director with effect from April 1CCI plans to export ten lakh bales of cotton
M Soundariya Preetha India, Bangladesh may ink MoU.Mercedes-Benz launches 2021 edition of SUV GLC at ₹ 57.40 lakh onwards
PTI German luxury carmaker Mercedes-Benz on Wednesday launched the 2021 edition of its popular SUV GLC in India with price starting at ₹ 57.40 lakh (ex-showroom).The 2021 GLC is available in GLC 200 petrol and GLC 220d diesel variants, priced at ₹ 57.40 lakh and ₹ 63.15 lakh (ex-showroom, India), Mercedes-Benz India said in a statement.The newly launched vehicle features the latest connected car technology - 2021 'Mercedes me connect', integrating Alexa Home, Google Home and parking locations on