Shares of Wipro rallied 8.2 per cent to Rs 466 on the BSE in intra-day trade on Friday after the company reported a healthy IT services revenue growth and margins in the March quarter (Q4FY21). The stock had hit its record high of Rs 467, in the intra-day trade on January 13.

The company’s consolidated net profit grew 27.78 per cent year-on-year (YoY) at Rs 2,972 crore, as against Rs 2,326 crore posted in the same period last year.

The new fiscal year 2020-21 has started for about 1.14 lakh employees of Life Insurance Corporation of India (LIC) on a happy note with over 25 per cent hike in their pay packets, said a top union leader.

The Central government on Thursday notified the revised pay packets for LIC employees.

HDFC Bank Q4 preview: Just when India Inc was getting back on its feet, coming out from the Covid-19 pandemic-led disruption, the second wave of infections is making analysts wary of the recovery. Hence, when HDFC Bank reports its March quarter results (Q4FY21) on Saturday, April 17, all eyes would be on the management’s growth outlook.

The Indian health regulator will take a decision within three working days of a foreign vaccine maker seeking emergency use approval, the Centre said on Thursday in a definite move to accelerate the inoculation process.

Also, the Central Drugs Standard Control Organisation (CDSCO) will work in a time-bound manner for every step connected to vaccine approval.

The Board of Control for Cricket in India (BCCI) on Thursday announced the list of players centrally contracted for the Senior Indian team (Men) from the period of October 2020 to September 2021. The list included 28 players divided into four categories namely, A+, A, B and C grades.

Only three players were there in the top-most grade, i.e., A+ where the payment structure is for INR 7 Crores.

The Central government has given its employees the option to work from home along with the staggered office timings. This new development has come amidst the alarming rise in cases of COVID-19 in Delhi.

The Ministry of Home Affairs on Thursday night has issued a notice to its employees in this regard. In its notice, the Home Ministry has asked its officers up to the level of under-secretary to avail the work from home option.

Shares of 5paisa Capital were locked at the 20 per cent-upper circuit at Rs 350.40 on the National Stock Exchange (NSE) on Thursday after the firm's board approved fund raising of Rs 251 crore at Rs 500 per share on preferential basis to marquee investors and Promoters and Promoter Group. The preferential issue price is at 70 per cent premium over Tuesday’s closing price of Rs 292 per share on the NSE.

Gold price on Thursday rose to Rs 50,120 for 10 gm from Rs 49,870 and silver price is trending at Rs 67,600 per kg, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

Billionaire Gautam Adani is likely to see three more companies from his coal mining-to-data centers conglomerate join the MSCI India Index after shares in each one of them more than doubled this year, according to analysts.

The group’s flagship Adani Enterprises Ltd., gas supplier Adani Total Gas Ltd. and power distributor Adani Transmission Ltd.

Information technology (IT) services major Infosys on Wednesday posted a 17.5 per cent jump in net profit for the March quarter on a year-on-year (YoY) basis, even though it was down 2.3 per cent sequentially.

Infosys’s board also approved a share buyback of up to Rs 9,200 crore. The buyback will be done from the open market and the price per share will not exceed Rs 1,750 crore.

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