Shares of Wipro surged 5 per cent at Rs 353, hitting a fresh over 20-year high on the BSE in the early morning trade on Thursday after the company said the board will consider a buyback proposal on Tuesday, October 13. The stock hit a record high of Rs 368 on February 22, 2020.

Wipro is the third information technology (IT) company after Tata Consultancy Services (TCS) and Majesco to consider share buyback. TCS on Wednesday announced Rs 16,000 crore buyback at Rs 3,000 per equity share.

Fashion retail brand H&M registered Rs 1,700 crore sales in 2019, 14 per cent higher year-on-year (YoY) from Rs 1,490 crore it had posted a year ago. Since its entry in 2015, the Swedish brand has managed to grow its business in India by double digits.

However, in 2019, its growth fell significantly from the previous year. In 2018, its top line had grown 43 per cent.

Tata Consultancy Services (TCS), the country’s largest IT services company, on Wednesday beat street expectations in its second-quarter (Q2) financials, led by a rebound in growth in key verticals and geographies.

The company’s consolidated revenues in Q2 rose 3 per cent on a year-on-year (y-o-y) basis at Rs 40,135 crore while they were higher 4.7 per cent quarter-on-quarter (q-o-q).

US President Donald Trump has been fever-free for more than four days now and all his vital signs remain stable and in normal range now, White House physician Dr Sean Conley said on Wednesday. The President this morning says I feel great!' His physical exam and vital signs, including oxygen saturation and respiratory rate, all remain stable and in normal range, Conley said in a memorandum.

Trump, 74, and First Lady Melania tested positive for COVID-19 Thursday night. The president was taken to a military hospital for treatment, which the White House said was taken as a matter of abundance caution.

With over a lakh testing on a single day, Karnataka registered a whopping 10,947 new cases, including 5,000 in Bengaluru on Tuesday, taking its Covid tally to 6,68,652 and active cases to 1,16,153.

With 9,832 patients discharged in the last 24 hours, 5,42,906 recovered till date across the southern state, while 9,574 succumbed to the infection, including 113 on Tuesday, said the state health bulletin on Wednesday.

The Covid-19 pandemic which resulted in a major economic contraction did not hamper the gains of India's richest as half of the nation’s 100 richest on the 2020 Forbes India Rich List saw there wealth grow by 14 per cent to $517.5 billion from a year ago. Reliance Industries Chairman Mukesh Ambani accounts for more than half of those gains and retains the title of India's richest man for the 13th year.

The Trump administration has announced new restrictions on H-1B nonimmigrant visa programme which it said is aimed at protecting American workers, restoring integrity and to better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners, a move which is likely to affect thousands of Indian IT professionals.

Shares of Reliance Industries (RIL) gained 3 per cent to Rs 2,287.50 on the BSE on Wednesday after the company said Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into the company's subsidiary Reliance Retail Ventures (RRVL) for 1.2-per cent stake. RIL's stock had hit a record high of Rs 2,368.80, hit on September 16, 2020.

This is the seventh deal to be announced by the Mukesh Ambani-led firm in four weeks, stepping up its stake-sale process that has seen marquee investors back the firm so far.

Gold prices today remained stable at Rs 53,350 per 10 gm, while silver was trending at Rs 62,000 per kg, according to the Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Shares of Bajaj Finance slipped 5.4 per cent to Rs 3,286 on the BSE in the morning deals on Wednesday after the non-bank finance company (NBFC) reported weak July-September quarter (Q2FY21) business figures. In the past one month, the stock has underperformed the market by falling 5 per cent, as compared to 3 per cent rise in the S&P BSE Sensex.

The company's assets under management (AUM) grew 13 per cent year on year (YoY) at approximately Rs 1.37 trillion as of Q2FY21 as compared to Rs 1.36 trillion as on Q2FY20. New loans declined sharply to 3.6 million from 6.5 million YoY and 5 million quarter-on-quarter (QoQ).

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.