Wipro, India’s third-largest information technology (IT) services firm, may surprise the streets with poor profit and organic revenue growth numbers for the fourth quarter of FY17.

The Bengaluru-based company, which is chasing a target of $15 billion revenue and 23 per cent operating margin by 2020, may see up to 15 per cent decline in net profit on year-on-year basis due to decline in other income and Rupee appreciation, say market analysts.

S-Cross, the most expensive vehicle from Maruti Suzuki, has managed to cross a milestone of 50,000 units in sales. Launched in August 2015, the vehicle had seen an initial phase of weakness due to its pricing and competition from Hyundai’s Creta, launched days before S-Cross.

The country’s largest car maker has sold over 46,000 units of S-Cross in domestic market since launch, data with Siam showed. More than 4,000 vehicles have been exported to different destinations. The vehicle, positioned as a crossover, had seen challenges post the launch.

IT major Infosys Tuesday announced that it was strengthening its engineering footprint in Eastern Europe by opening its first office and delivery center (DC) in Croatia.

In line with the company's strategy to establish global competency centers, offering the best talent in the market and making it available to customers globally, this DC also marks our expansion into Eastern Europe's established heavy engineering sector, Infosys said in a release here.

The Indian Space Research Organisation (Isro) is planning to develop a 175 kg satellite to study Venus, the second planet from the Sun.

Isro officials have said the mission to Venus is on the horizon and studies are underway.

Microsoft is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialised business software.

The improvements to Dynamics 365, as Microsoft's sales software is called, are a challenge to market leader Salesforce.com and represent the first major product initiative to spring from Microsoft's $26-billion acquisition of LinkedIn, the business-focused social network.

The National Association of Software and Services Companies (Nasscom) said Indian information technology (IT) service entities account for less than a fifth of H-1B visas in America.

A background briefing by US White House officials, ahead of President Donald Trump signing an executive order last week to bring in changes to the H-1B visa programme, had accused both Tata Consultancy Services (TCS) and Infosys Technologies of paying lower wages for workers sent to the US.

Reliance Industries (RIL) reported record annual profits for the last financial year (2016-17), riding high on refining and petrochemicals businesses. For the March quarter, its consolidated net profit rose 12.3 per cent to Rs 8,046 crore, against Rs 7,167 crore for the same period a year ago.

With a significant part of its capital expenditure on the hydrocarbons business complete, the company expects it to contribute to its income in the current financial year (2017-18). The full impact would be visible in the next financial year (2018-19). The coming quarters, however, will see accounting for both revenue and expenses from its telecom venture.

Kicking off an era of premium smartphones with the 18:9 screen aspect ratio, South Korean giant LG on Monday launched G6 in the Indian market at Rs 51,990.

Initially launched at the Mobile World Congress (MWC) in Barcelona in February, the 18:9 format offers more viewing space and a better immersive experience while streaming videos and playing games.

Reliance Communications (RCOM) has received 99.99 per cent shareholders approval for merger of its wireless business with Aircel, a company statement said here on Monday.

"The shareholders of Reliance Communications at their meeting convened pursuant to the order of the National Company Law Tribunal (NCLT), have on Monday approved with 99.99 per cent majority for the Scheme of Arrangement for demerger of the wireless division of the company and Reliance Telecom Limited (RTL), a wholly-owned subsidiary of the company, into Aircel Limited and Dishnet Wireless Limited (the Scheme)," the company statement said.

The canteen stores department(CSD), the retailing platform for India's defence forces suspended the sale of Baba Ramdev's Patanjali Ayurved's amla juice after receiving a negative state laboratory test report about the product. In a letter dated April 3, 2017, the CSD asked all depots to make debit notes for their existing stock so that the Amla Juice can be sent back to Patanjali.

Amla Juice was one of Patanjali's first consumer launches which helped the company establish its credentials in the consumer business segment. As per reports, a batch of juice tested at the lab in Kolkata was declared unfit for consumption. Patanjali has therefore withdrawn amla juice from all army canteens.

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