Bengaluru: Wipro Ltd chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he “remains committed to Wipro”.

In his letter to Wipro employees, he had termed the news article reportedly published in this regard as “baseless and malicious.”

Ford India's EcoSport has been garnering popularity since its launch in 2012 due to the company's foresight in this particular segment. The sub-4 metre benefits also proved to be beneficial for the company to aggressively price it in the compact SUV segment which in the said year had few competitors when compared to the American brand. However, with the launch of new products in this segment, the EcoSport has been facing a troublesome time.

Top seven India-based outsourcing companies in the US received fewer H-1B visas in 2016 as compared to 2015, and as a group their numbers dropped 37 per cent, according to a new report.

The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy a Washington-based non-profit think-tank said.

It was a record setting spree for the markets early on today as the NSE Nifty crossed the 9,700-mark for the first time and BSE Sensex shot up by 121 points to hit a fresh all-time high of 31,430.32.

Trading sentiments got a boost as investors widened positions ahead of the Reserve Bank's monetary policy review meet tomorrow amid a mixed trend in Asian region, brokers said.

In a fresh attempt to bar Chinese solar panel makers from flooding the Indian market at an ultra-low price, the domestic companies approached the Directorate General of Anti-Dumping (DGAD), requesting an imposition of a duty on importers.

The application has been filed against China, Malaysia and Taiwan. The domestic industry via the Indian Solar Manufacturer’s Association (ISMA) pleaded that as the imports led to considerable damage to the indigenous sector; a retrospective duty should be imposed.

Shares of information technology (IT) companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise range-bound market.

Tata Consultancy Services (TCS), Infosys, HCL Technologies, Tata Elxsi, Hexaware Technologies and Tech Mahindra were up in the range of 2% to 6%.

Veteran actor Anupam Kher has been finalised to play Manmohan Singh in a movie based on former prime minister's media adviser Sanjaya Baru’s book, ‘The Accidental Prime Minister: The Making and Unmaking of Manmohan Singh’.

To be directed by debutant Vijay Ratnakar Gutte, the memoir by Baru was critical of Singh's first term as PM and had coincided with the 2014 parliamentary polls. The movie is expected to hit the screens in December 2018, just ahead of the next general election in 2019. The first look will be unveiled on Wednesday.

The State Bank of India (SBI), the country’s largest lender, has launched share sales through private placement to raise about Rs 11,000 crore to shore up its capital adequacy ratio.

This is part of the plan to mop up Rs 15,000 crore from the markets in the current fiscal year.

ICICI Bank and Fairfax Financial Holdings will sell a part of their stakes in ICICI Lombard General Insurance Company in the latter’s initial public offering (IPO) of equity, to monetise their investment. ICICI Lombard is a joint venture (JV) between the bank and the Canada-based financial holdings company, founded and led by Prem Watsa, a magnate of Indian origin.

Microsoft, LinkedIn, Oracle, Facebook and Google are increasing their staff in India triggering a talent war with Indian information technology (IT) services providers.

These US-based firms are seeking Indian engineers to work on technologies similar to their global counterparts even as they face rising protectionism in their home market.

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