New Delhi, Jan 16 (IANS) IT major Wipro on Friday reported a consolidated net profit at Rs 3,119 crore for the October-December quarter (Q3), down almost 4 per cent on-quarter and nearly 7 per cent on-year, the company’s quarterly results showed.The company’s board declared an interim dividend of Rs 6 per share.Wipro’s gross revenue grew to Rs 23,560 crore, an increase of 1.2 per cent (on-quarter).The operating margin for the quarter was 17.6 per cent, registering an expansion of 0.9 per c…
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New Delhi, Jan 14 (IANS) India and the European Union are in the final stages of negotiating a landmark Free Trade Agreement (FTA), which could reshape India’s trade landscape with its largest partner for goods.Some reports have tied German Chancellor Friedrich Merz’s just-concluded India visit to the ongoing India-EU talks. His trip is being seen as having underscored Germany’s push to fast-track the deal, highlighting trade, investment, and green technology as priority areas.Merz’s Jan…
New Delhi, Jan 12 (IANS) Youth hiring in India is projected to grow by 11 per cent by 2026, generating approximately 1.28 crore new jobs, according to a report on Monday.The report by NLB Services showed that IT services will account for around 30-40 per cent, manufacturing around 12 per cent, healthcare around 13 per cent, fintech around 20 per cent, logistics around 10.7 per cent, and green energy around 4 per cent of these roles.“As we mark Youth Day on the lines of ‘Ignite the Self, Impa…
New Delhi, Jan 9 (IANS) India’s office market touched record high in 2025, with annual gross leasing surging to 86.4 million sq ft, up 20 per cent (year-on-year) and 43 per cent above the pre‑pandemic 2019 peak, a report said on Friday.Real estate services firm Knight Frank India said that on the residential front, sales across eight major cities held broadly steady at 3,48,204 units in 2025, easing 1 per cent YoY.In the same period, new launches were recorded at 362,184 units across the top…
New Delhi, Dec 27 (IANS) India’s long-term structural growth story remains intact, supported by favourable demographics, rising digital adoption, increasing financialisation of household savings and continued reform momentum, according to a new report.The government’s ongoing policy initiatives will help reset the trajectory of corporate earnings over the medium term. Additionally, any resolution of the tariff stalemate with the US could act as an important external catalyst for markets, sai…
New Delhi, Dec 26 (IANS) Coforge on Friday announced that it will acquire US-based engineering services firm Encora in a $2.35-billion all-stock deal, marking one of the largest transactions in India’s IT services space.The acquisition will be carried out through a share swap, under which Coforge will issue 93.8 million equity shares priced at Rs 1,815.91 each.This values the non-cash transaction at around Rs 17,032 crore. After the deal, Encora’s shareholders will own about 21.25 per cent o…