Wipro on Wednesday posted over 20 per cent decline in its consolidated profit to Rs 18 billion for the March quarter, 2017-18.

The country's third-largest software services firm had registered a profit of Rs 22.67 billion in the year-ago period, as per Indian accounting norms.

Shares of life insurance companies were trading higher in otherwise subdued market with SBI Life Insurance Company and HDFC Standard Life Insurance Company hitting their respective new highs on the BSE on Wednesday.

ICICI Prudential Life Insurance Company (IPRU) has surged 11% to Rs 460, extending its Tuesday’s 7% gain after the company reported better than expected results for the financial year 2017-18 (FY18).

NEW DELHI: Tata Motors is working on revamping its product portfolio and entering new large markets to strengthen its overseas presence once vehicles developed on its recently-unveiled advanced modular platform start hitting the roads in 2019.

aAs part of its transformation, the automaker, which took the fourth spot in the local passenger vehicle market last year, has made significant changes to its exports strategy.

Around 150 players have shown interest in the Air India privatisation process, made queries and sought clarifications on the terms of the flagship carrier’s sale. These include both foreign and Indian airlines, as well as a number of domestic and external non-aviation entities, Business Standard has learnt.

Shares of telecom services provider were trading higher by up to 5% on the BSE in early morning trade after the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) imposed an interim stay on the Telecom Regulatory Authority of India’s (Trai’s) predatory pricing order.

Bharti Airtel (up 5% at Rs 425), Reliance Communications (4% at Rs 18.65) and Idea Cellular (2% at Rs 72.75) have rallied up to 5% on the BSE in intra-day trade. On comparison, the S&P BSE Sensex was trading 0.21% lower at 34,544 points at 10:17 am.

New Delhi, Apr 25 () LIC employees will soon get an off on every second and fourth Saturdays of a month with the government approving their long-standing demand.

According to official sources, this is in line with the practice followed for public sector banks.

Bengaluru: Even as Walmart Inc. inches closer to a deal to buy a majority stake in Flipkart, the board of India’s largest online retailer will keep Amazon as an alternative suitor in case the proposed sale to Walmart falls through, two people familiar with the matter said.

The benchmark BSE Sensex started on a negative note, shedding over 100 points on Wednesday, on weak global cues and rupee depreciation against the U.S. dollar.

Asian shares fell across the board, following an overnight drop in U.S. stocks. Rising U.S. bond yields and crude oil prices too worried investors.

MUMBAI: The stock market regulator will soon pass a final order on whether former liquor baron Vijay Mallya can hold board positions in listed companies, which will also end the country’s largest beer maker United Breweries’ long wait for a full-time chairman.

Mallya — who the Indian government has been trying to extradite from Britain over charges of fraud for the past few years — has been reluctant to nominate a successor or step down from the board of United Breweries (UBL), a joint venture between him and the world’s largest brewer Heineken International.

Tata Consultancy Services Ltd. maybe basking in the afterglow of joining the $100-billion club, but it is the company’s rival Infosys Ltd. that is a preferred buy for analysts.

Of the 44 analysts covering both companies, 38 have a buy or equivalent rating on Infosys, India’s original poster child for software development. This compares with 19 buys for TCS, Asia’s largest software exporter, according to data compiled by Bloomberg.

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