Wipro Falls As Company Says Profitability May Get Hit

Wipro Falls As Company Says Profitability May Get Hit

Shares of the Azim Premji-led company fell as much as 2.6 percent, the most in over two weeks to Rs 277.75 after the company said that its profitability may be impacted by 65-75 basis points in the March quarter as one of its telecom clients is undergoing insolvency proceedings, according to a PTI report.  

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Neuland Labs Gains On Plans To Raise Funds

Neuland Labs Gains On Plans To Raise Funds Shares of the Hyderabad-based rugmaker rose as much as 1.96 percent to Rs 777 after its board of directors on Monday approved issuing 16.75 lakh shares of face value of Rs 10 each through qualified institutional placement (QIP).

Yes Bank Gains On Fundraising Plan

Gold Silver Reports (GSR) – Yes Bank Gains On Fundraising Plan — Shares of the Mumbai-based private sector lender rose as much as 1.4 percent to Rs 320.70 after the bank said that its board will meet on April 26 to discuss fundraising plan via share sale and will also discuss …

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Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months

Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months 

Shares of the country’s third largest private lender rose as much as 3 percent to Rs 534.85 after its managing director and CEO Shikha Sharma wanted her new term to be reduced to seven months from three-year tenure that has been approved by the bank’s board.                                  

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Hindalco, NALCO Gain After U.S. Sanctions On Russian Tycoons

Hindalco, NALCO Gain After U.S. Sanctions On Russian Tycoons Shares of Hindalco and NALCO rose as much as 5.2 percent on speculation that supply may be disrupted after the U.S. imposed sanctions against Russian oligarchs including Oleg Deripaska and his United Co. Rusal.