Reliance Industries-backed startup programme GenNext Hub today entered into a partnership with Invest Ottawa for creating a bridge to engage innovative startups from both India and Canada.

The memorandum of understanding, includes co-branding, events invitation and information sharing between the two entities.

Securities and Exchange Board of India (Sebi) chairman UK Sinha will meet stock market brokers on Thursday to discuss methods to improve retail participation in the capital markets, especially in derivatives segment. The meeting will be attended by representatives of the BSE Brokers’ Forum and the Association of National Exchanges Members, sources told FE.

This meeting is a part of the regulator’s effort to increase penetration of capital markets in the country. The same issue was discussed in the annual brainstorming session of Sebi held from April 6-8 at Lonavala.

The board of directors of Wipro has approved the proposal to buy back shares worth `2,500 crore from the investors on Wednesday. Wipro plans to buy back four crore shares at `652 apiece, the company said in a stock exchange filing. The buyback price is 7.8% premium to its closing price on Wednesday. Wipro shares gained a little more than 2% during Wednesday’s trade to close at `601.35 apiece on BSE.

Google India remained as the most attractive employer in the country followed by Mercedes-Benz in the second place, according to leading human resource consultancy Randstad.

According to the 6th edition of Randstad Award 2016, Google India emerged as the most attractive employer for a second consecutive year.

Raghuram Rajan, Governor, Reserve Bank of India on Wednesday addressed the graduating students at the 12th Annual NIBM Convocation in Pune. Talking about several issues, Rajan said India is one of the poorest large countries in the world on a per capita basis.

He said, "We are still one of the poorest large countries in the world on a per capita basis, and have a long way to go before we reasonably address the concerns of each one of our citizens."

New Delhi: Comments by two top policy makers on Tuesday gave hopes of an imminent interest rate cut, amid the backdrop of comfortable retail and wholesale inflation data.

Finance minister Arun Jaitley, who is on a tour of US, hoped that a favourable interest rate structure would give a boost to the economy. "I am sure if this trend of containing inflation continues, we can hope for a better interest rate regime, which in turn will have a spiral effect on improving upon India's productivity and generate more activity," Jaitley said in New York.

India's second largest passenger car maker Hyundai Motors on Wednesday said enough was enough with the competition in small product segment as the quality and branding takes the center stage of the company's growth strategy in the country.

"Many players launch many small products in Rs 3-4 lakh price bracket while our average price is Rs 7 lakh. We can not fight this kind of a competition as we focus more on quality and branding to position ourselves as a modern premium brand in India," Hyundai Motor India Limited (HMIL) managing director and CEO Young Key Koo told reporters.

Wipro has moved higher by 3% to Rs 607 on the BSE ahead of January-March (Q4) quarter results later today. The board will also consider a proposal for buyback of equity shares of the company.

The stock is currently trading close to its 52-week high of Rs 613 touched on October 1, 2015 during intra-day trade.

After over three years of making 5% of ethanol blending with petrol mandatory, India is set to achieve this target for the first time during the current sugarcane crushing season, that is, by the end of September 2016.

To achieve this target, the blenders, or oil marketing companies (OMCs), require 1335 million litres of ethanol every sugarcane crushing season (October-September). Since grains-based ethanol is not allowed to be produced in India, OMCs remained fully dependent for its procurement from sugar mills for which the green fuel is a by-product.

Mumbai: The Indian rupee on Wednesday hit a two-week high against the US dollar, after India’s trade deficit narrowed to a five-year low.

At 2.10pm, the home currency was up 0.61% at 66.15, the maximum gain since 17 March, from its previous close of 66.55. The rupee opened at 66.28 a dollar and touched a high of 66.14, a level last seen on 5 April.

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