Wipro on Thursday approved a Rs 15,000 crore share buyback, its largest so far, even as the IT major’s offer remains smaller than recent repurchases by peers Infosys and TCS, PTI reported.The company’s latest buyback surpasses its Rs 12,000 crore programme in 2023, but trails Infosys’ Rs 18,000 crore offer –the largest by any Indian…
Gold prices moved slightly higher on Thursday supported by gains in futures markets, while retail rates across major cities showed an upward trend.On the MCX, gold June futures rose by Rs 510, or 0.33%, to Rs 1,54,458 per 10 grams. August contracts gained Rs 391 (0.25%) to Rs 1,56,790, while October contracts were up Rs…
The Middle East conflict is starting to dim lights in Pakistan. Disruptions at the Strait of Hormuz have hit the globe’s oil pipeline, straining energy supplies across the world and pushing countries to switch on their power saver mode. For Pakistan, the effect has reached common people, with more people working from home and now…
Stock market today: Benchmark equity indices, Nifty50 and BSE Sensex, closed lower on Thursday, weighed down by banking stocks, while broader markets outperformed amid selective buying.The NSE Nifty 50 index declined 34.55 points, or 0.14%, to settle at 24,196.75. The benchmark BSE Sensex fell 122.56 points, or 0.16%, to close at 77,988.68.Markets saw some profit…
Prime Minister Narendra Modi met Austrian Chancellor Christian Stocker in New Delhi’s Hyderabad House on Thursday, holding wide-ranging talks as the two sides exchanged MoUs. Stocker is currently on a four-day visit to India, his first since taking office last year. According to the ministry of external affairs, the meeting focused on strengthening bilateral cooperation…
The United States has emerged as India’s largest LPG supplier so far this month. (AI image) In wake of the Middle East conflict, India’s Liquified Petroleum Gas (LPG) imports have dropped sharply this month, falling to nearly half of February levels and extending the decline seen in March, according to shipping data. At the same…
Experts say the surge in electronics exports represents an unexpected boost from the smartphone production-linked incentive scheme. (AI image) In a big achievement for the government’s electronics component manufacturing scheme (ECMS), Apple’s India vendors have already exported a record $2.5 billion components to China. The development also signals a shift from the earlier pattern, where…
Gold appears set to extend its advance toward the 165,000 level in the upcoming sessions. (AI image) Gold and silver price prediction today: Gold and silver prices may extend gains in the coming days, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly chart, MCX…
Asian stocks edged higher on Thursday, as investor sentiments were lifted by hopes of United States and Iran extending their ceasefire and moving a step closer to reopening the crucial Strait of Hormuz. The gains were led by Japan’s Nikkei, which was up 1,214 points or 2% to 59,348. In South Korea, Kospi jumped 1.7%…
The United States has decided not to extend the temporary waiver that allowed the sale of Russian and Iranian oil already at sea. The announcement comes as US treasury secretary Scott Bessent on Wednesday said, “We will not be renewing the general license on Russian oil,” adding, “That was oil that was on the water…
