Category: Business

Business

Wipro Q3 net profit zooms 24.4% to ₹3,354 crore; firm tweaks capital allocation policy

January 17, 2025 admin

The capital allocation policy has been revised to increase the payout percentage from 45-50% to 70% or above of the net income cumulatively on a block of three-year period, the company statement said. File | Photo Credit: Reuters IT services company Wipro on Friday (January 17, 2025) reported a 24.4% year-on-year rise in its consolidated…

Business

Markets snap 3-day winning run on selloff in Infosys, ICICI Bank; Sensex slumps over 400 points

January 17, 2025 admin

From the 30-share blue-chip pack, Infosys dropped nearly 6% despite raising its annual sales forecast for a third time this fiscal year. File | Photo Credit: Reuters Key benchmark indices Sensex and Nifty slipped into negative territory on Friday (January 17, 2025) after a three-day rally, dragged by selling pressure in Infosys, ICICI Bank and…

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Relief for big coffee planters in Karnataka, but small planters grapple with labour shortage

January 17, 2025 admin

While harvesting requires manual labour, small planters are proposing mechanisation of processes like drying beans and irrigation, which will help reduce dependency on labourers. | Photo Credit: File photo : Karnataka’s big coffee planters, reeling under years of labour shortage, are enjoying a welcome respite this harvest season as migrant workers arrived in sufficient numbers…

Business

World Economic Forum 2025: Andhra Pradesh Minister Nara Lokesh to showcase investment opportunities

January 17, 2025 admin

Nara Lokesh. File | Photo Credit: Special arrangement Andhra Pradesh Information Technology (IT) and Electronics and HRD Minister & chairman of the State Government’s task force committee on investments Nara Lokesh is participating in the World Economic Forum (WEF) – 2025 scheduled to be held at Davos from January 20 to 24, 2025. A.P. will attract sizeable…

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Maruti Suzuki unveils first electric SUV eVITARA; to export it to 100 countries

January 17, 2025 admin

Maruti Suzuki unveils first electric SUV eVITARA at the Bharat Mobility Show in New Delhi on January 17, 21025. Photo: X/@Maruti_Corp Maruti Suzuki India on Friday (January 17, 2025) unveiled its first battery electric vehicle eVITARA, which will be exported to over 100 countries. Speaking at the unveiling of the model at the Auto Expo,…

Business

Kerala to focus on innovation, sustainability build on Ease of Doing Business achievements: Governor Arlekar in policy addres

January 17, 2025 admin

Traditional weavers at a weaving unit in Chendamangalam near Kochi, Kerala. The ‘Year of Enterprises’ initiative to promote Micro, Small and Medium Enterprises will be taken forward with the Mission 1000 programme to elevate MSMEs into high-revenue businesses. | Photo Credit: H. Vibhu Intending to build on Kerala’s top-achiever status in the ‘Ease of Doing Business’…

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Weaker rupee to push India’s import bill, says Global Trade Research Initiative

January 17, 2025 admin

Photo used for illustration purpose only. | Photo Credit: Reuters The weaker rupee will push the country’s import bill due to higher payments for crude oil, coal, vegetable oil, gold, diamonds, electronics, machinery, plastics, and chemicals, economic think tank Global Trade Research Initiative (GTRI) said on Friday (January 17, 2025). Citing an example, it said…

Business

Markets drop in early trade dragged by Infosys, Axis Bank

January 17, 2025 admin

Representational image of the facade of the Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined in early trade on Friday (January 17, 2025) after a three-day rally dragged by Infosys and Axis Bank. Also, continuous foreign fund outflows and muted global trends added to the…

Business

Rupee gains 3 paise to 86.58 against U.S. dollar in early trade

January 17, 2025 admin

Image used for representative purpose only. | Photo Credit: Reuters The rupee rose 3 paise to 86.58 against the U.S. dollar in early trade on Friday (January 16, 2025) on the back of softening American currency. Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities,…

Business

Prime Minister Narendra Modi launch bharat Mobility Global Expo 2025 on January 17, 2025

January 17, 2025 admin

File photo of Prime Minister Narendra Modi. | Photo Credit: ANI Prime Minister Narendra Modi will inaugurate the second edition of Bharat Mobility Global Expo on Friday (January 17, 2025) which is expected to witness over 100 new launches across automobiles, component products and technologies. The Bharat Mobility Global Expo 2025, scheduled from January 17-22,…

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