Wipro reported a marginal decline in its March quarter profit even as revenue grew, with the IT major flagging a challenging global environment and cautious near-term outlook.The company posted a consolidated net profit of Rs 3,501.8 crore for Q4 FY26, down 1.89 per cent from Rs 3,569.6 crore a year ago, according to PTI.The dip…
‘No power is as costly as no power’ – Homi Jehangir Bhabha, the father of India’s nuclear programme, had once famously said. Several decades later, India’s nuclear energy ambitions have entered a decisive phase.On April 6, the Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu achieved criticality, achieving a sustained nuclear chain reaction…
Wall Street hovered near record levels on Thursday as investors paused after a sharp rally, weighing rising oil prices and uncertainty around the Iran conflict before making fresh bets.The S&P 500 slipped 0.1%, a day after hitting a new all-time high– its 10th gain in 11 sessions–while the Dow Jones Industrial Average fell 66 points…
Wipro on Thursday approved a Rs 15,000 crore share buyback, its largest so far, even as the IT major’s offer remains smaller than recent repurchases by peers Infosys and TCS, PTI reported.The company’s latest buyback surpasses its Rs 12,000 crore programme in 2023, but trails Infosys’ Rs 18,000 crore offer –the largest by any Indian…
China’s economic growth rebounded more than expected in the first quarter of 2026, suggesting limited immediate spillovers from the Iran war while giving policymakers more room to delay additional stimulus. Gross domestic product (GDP) in the world’s second-largest economy expanded 5.0% year-on-year in January-March, the fastest pace in three quarters, according to data released by…
Gold prices moved slightly higher on Thursday supported by gains in futures markets, while retail rates across major cities showed an upward trend.On the MCX, gold June futures rose by Rs 510, or 0.33%, to Rs 1,54,458 per 10 grams. August contracts gained Rs 391 (0.25%) to Rs 1,56,790, while October contracts were up Rs…
As the European Union is set to widen its carbon border tax regime, Indian exports could face significantly higher carbon-related costs as the regime widens its scope, according to a report by the Global Trade Research Initiative (GTRI).The report said the European Parliament’s environment committee has proposed extending CBAM to around 180 additional steel- and…
The Middle East conflict is starting to dim lights in Pakistan. Disruptions at the Strait of Hormuz have hit the globe’s oil pipeline, straining energy supplies across the world and pushing countries to switch on their power saver mode. For Pakistan, the effect has reached common people, with more people working from home and now…
Prime Minister Narendra Modi met Austrian Chancellor Christian Stocker in New Delhi’s Hyderabad House on Thursday, holding wide-ranging talks as the two sides exchanged MoUs. Stocker is currently on a four-day visit to India, his first since taking office last year. According to the ministry of external affairs, the meeting focused on strengthening bilateral cooperation…
The United States has emerged as India’s largest LPG supplier so far this month. (AI image) In wake of the Middle East conflict, India’s Liquified Petroleum Gas (LPG) imports have dropped sharply this month, falling to nearly half of February levels and extending the decline seen in March, according to shipping data. At the same…