The Wipro stock gained as much as 8.5 per cent intra-day on Monday, its highest such gain in five years. This was after the company announced on Sunday that it had bagged its largest order, worth $1.5 billion (Rs 106 billion) from US-based Alight Solutions. The 10-year order would translate to an incremental $150 million (Rs 10.6 billion) annually over the contract period. This is two per cent of the current revenue.

New Delhi: Auto major Mahindra & Mahindra reported Saturday 14 per cent increase in total sales at 48,324 units in August.

The company had sold 42,207 units in the same month last year, M&M said in a statement. In the domestic market, sales were at 45,373 units last month, up 15 per cent, as compared to 39,615 units in August 2017.

Microsoft has announced a refreshed “Windows 10 October 2018 Update” that will have new features and enhancements for over 700 million devices running Windows 10. The announcement came at the ongoing IFA 2018 technology event in Berlin, Germany.

India's largest carmaker, Maruti Suzuki India has registered a total domestic sales of 145,895 units in the month of August 2018 and has seen a decline in sales by 3.6% as compared to the same month last year. The company had sold 1.52 lakh units in August 2017. The decline in car sales is largely due to the unfortunate floods in Kerala and parts of Karnataka.

India will help Nepal construct a rail link between capital Kathmandu and an Indian border town for smoother movement of passengers and cargo to the landlocked Himalayan nation, which neighbouring China is also trying to woo with a similar plan.

Mumbai: Shares of Yes Bank on Friday tumbled over five per cent following uncertainty over the continuation of Rana Kapoor as the managing director & CEO.

The scrip of the private sector lender closed at Rs 343.40 on the BSE, a drop of Rs 18.50, or 5.11 per cent, over the previous finish. Earlier in the day, the counter cracked 6.6 per cent to hit a low of Rs 338.

Our in-depth analysis of industrial coverage (19 stocks) across the past one and a half decades yields a couple of notable conclusions: a) Despite a weak demand scenario (FY13-18), the players that adhered to our ‘IBV framework’ — by taking strategic initiatives,balancing growth with cash flow and managing growth volatility —to expand target market outperformed by a long shot.

Hindustan Petroleum (HPCL) is planning to raise $500 million in medium-term bonds for its expansion projects in the January-March quarter of 2019, a senior company official said.

J Ramaswamy, director, finance, HPCL, told FE, “The company will start the prepartory work by November-December and will hit the market in the January-March quarter. The tenure of the bond will depend on the inflows from the expansion projects, which will start from July onwards.”

The Telecom Commission (TC) on Friday accepted the recommendations of the Trai on network testing before commercial launch by operators, but capped the testing period outside the company to 180 days.

“Although Trai left extensions beyond 90 days to the DoT, the TC felt there should be an absolute finality to it, so it should be capped only to 180 days.

The first meeting of the high-powered committee (HPC) for resolving stress in the power sector did not see any attendance from the Reserve Bank of India (RBI) on Friday. Key lenders like State Bank of India (SBI) and Punjab National Bank (PNB), however, sought more time for resolution of 9,500 MW power assets that could see about 40-50 per cent haircuts on the outstanding amount.

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