Wipro Ltd has named B.M. Bhanumurthy as its chief operating officer (COO), after elevating Abid Ali Neemuchwala as chief executive on 4 January, an executive familiar with the development said.

Also, as part of the latest restructuring, executive vice-chairman T.K. Kurien will oversee Wipro’s two most strategically-important business units—Wipro Digital and Business Outcome Services (BOS)—for a few months, after which Neemuchwala will take complete control of the Bengaluru-based company.

Buoyed by positive global cues and sustained buying by jewellers at domestic spot markets, gold continued its rising streak for a fifth straight day its longest winning run in over a year — and edged up by Rs 20 to Rs 26,350 per ten grams at the bullion market today.

Silver too maintained its upward journey and recorded a rise of Rs 100 to Rs 34,100 per kg on increased offtake by industrial units and coin-makers.

Oil prices rebounded from 12-year lows in Asia today but the China-triggered global stock market turmoil and crude oversupply kept investors on edge.

The plunge in Chinese stocks is raising further concerns about the country’s economic growth slowdown and its impact on oil demand. China is the world’s second biggest economy and top energy consuming nation.

Azim Premji, who donated Rs 27,514 crore for education is the "Most Generous Indian" for the third year running followed by Nandan Nilekani and Narayana Murthy in the second and third place, respectively.

As per the Hurun India Philanthropy List, which is a ranking of the most generous individuals from India, 70-year-old Azim Hashim Premji was named as the most generous Indian after he donated Rs 27,514 crore for education.

Air India will introduce daily flight services from Dubai to Kochi from January 11, adhering to the long-pending demand of Indians living in Dubai, the company said.

"Air India will be operating Dubai-Kochi-Dubai sector with brand new A320 aircraft with a cap of 180 seats," said Melwin D'Silva, Regional Manager Gulf, Middle East and Africa of Air India.

Shares of Reliance Industries (RIL) have moved higher by 2% at Rs 1,032, bouncing back 3% from intra-day low of Rs 1,000 on the BSE, after block deals aggregating over Rs 600 crore executed in the counter.

About 6.06 million equity shares representing 0.19% of total equity of RIL changed hands at 11:15 a.m., the BSE data shows.

The rupee recovered from its three-week low by surging 30 paise to 66.63 against the US dollar in early trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.

Forex dealers said a strong opening in domestic equity markets too supported the rupee, but dollar's strength against other currencies overseas capped the gains.

The BJP legislature party will meet today to decide on the issue of extending support to PDP president Mehbooba Mufti as Chief Minister of Jammu and Kashmir following the death of incumbent Mufti Mohammad Sayeed.

"We are meeting today. A decision on this issue will be conveyed to you later today," BJP state president Sat Sharma said.

The Indian government is mulling selling part of its stake in the nation’s third-biggest private sector lender, Axis Bank, Bloomberg TV reported on Thursday.

The government is considering the sale to meet its asset sales target, Bloomberg TV India tweeted its newswire report which cited unnamed sources.

San Francisco: Microsoft Corp’s latest operating system, Windows 10, is running on 200 million devices in what the company said was the fastest adoption rate of any of its operating systems.

Windows 10, which the company released as a free download in July, powers both personal computers and devices like phones. It replaced Windows 8, the heavily criticized system dating from 2012.

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