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[ad_1] Last Updated: July 14, 2023, 07:52 IST Stocks to Watch on July 14:  Nifty futures traded 14 points, or 0.07 per cent, lower at 19,544, signaling that Dalal Street was headed for a negative start on Friday. Here’s a slew of stocks that will be in focus today for various reasons. Wipro: IT major Wipro posted a profit of Rs 2870.10 crore for the first quarter of financial year 2023-24, up 12% in comparison to Rs 2563.60 crore during the same period last year. Senco Gold: Shares of Senco Gold will debut on the exchanges today after a strong response for its IPO. Federal Bank: Federal Bank reported its fiscal first quarter profit forFY24 at Rs 880.12 crore, up 38.8% on-year from Rs 634.22 crore during the corresponding quarter in the last financial year, beating analyst expectations. Patanjali Foods: Patanjali Ayurved’s offer to sell shares of Patanjali Foods received a good response, with the portion set aside for non-retail investors getting subscribed more than two times.

[ad_1] MUMBAI: Benchmark indices declined in initial trade on Thursday after eight days of rally amid weak trends in the US equity markets triggered by fresh concerns over recession. IT counters took a beating in the morning trade which resulted in weak trend in the benchmark indices. The 30-share BSE Sensex fell 164.66 points to 60,228.11 in early trade. The broader NSE Nifty declined 44.45 points to 17,767.95. Among the Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro , NTPC, Kotak Mahindra Bank and Tata Steel were among the major laggards. The country's largest IT services exporter TCS on Wednesday reported a 14.8 per cent increase in March quarter net profit at Rs 11,392 crore but flagged worries from its key market of North America. Power Grid, Bajaj Finserv , Hindustan Unilever, Nestle, State Bank of India and Maruti were among the gainers. In Asian markets, Seoul, Japan and Shanghai were trading in the green, while Hong Kong

[ad_1] Bengaluru: IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) [ad_2] Source link https://worldnews2023.com/top-stories/wipro-to-invest-1-billion-in-artificial-intelligence/?feed_id=134188&_unique_id=652fd8d3c46c8

[ad_1] Wipro Buyback:  IT major Wipro has extended the closing date for its Rs 12,000 crore buyback offer due to the shift in the stock market holiday to June 29, Thursday on the occasion of Bakra Eid. As per the latest regulatory filing, Wipo said, “on account of change in the working day from June 29, 2023, to June 28, 2023, SEBI vide its email dated June 27, 2023, has allowed extension in the tendering period by 1 (one) working day. Accordingly, the Buyback Closing Date will be Friday June 30, 2023, instead of Thursday, June 29, 2023." According to the guidance, a buyback is required to be kept open for 5 working days. And hence, Wipro’s buyback which opened on June 22, was set to close on June 29 since June 28 was seen as a public holiday. However, the government shifted the date of the Bakrid festival to June 29 from June 28 and accordingly, exchanges have made the changes including Wipro for its buyback offer. Wipro said, “In addition to placing the bid through the Stoc

[ad_1] Last Updated: July 14, 2023, 07:52 IST Stocks to Watch on July 14:  Nifty futures traded 14 points, or 0.07 per cent, lower at 19,544, signaling that Dalal Street was headed for a negative start on Friday. Here’s a slew of stocks that will be in focus today for various reasons. Wipro: IT major Wipro posted a profit of Rs 2870.10 crore for the first quarter of financial year 2023-24, up 12% in comparison to Rs 2563.60 crore during the same period last year. Senco Gold: Shares of Senco Gold will debut on the exchanges today after a strong response for its IPO. Federal Bank: Federal Bank reported its fiscal first quarter profit forFY24 at Rs 880.12 crore, up 38.8% on-year from Rs 634.22 crore during the corresponding quarter in the last financial year, beating analyst expectations. Patanjali Foods: Patanjali Ayurved’s offer to sell shares of Patanjali Foods received a good response, with the portion set aside for non-retail investors getting subscribed more than two times.

[ad_1] Bengaluru: IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) [ad_2] Source link https://worldnews2023.com/top-stories/wipro-to-invest-1-billion-in-artificial-intelligence/?feed_id=30583&_unique_id=64ae4f97284f6

[ad_1] Wipro Buyback:  IT major Wipro has extended the closing date for its Rs 12,000 crore buyback offer due to the shift in the stock market holiday to June 29, Thursday on the occasion of Bakra Eid. As per the latest regulatory filing, Wipo said, “on account of change in the working day from June 29, 2023, to June 28, 2023, SEBI vide its email dated June 27, 2023, has allowed extension in the tendering period by 1 (one) working day. Accordingly, the Buyback Closing Date will be Friday June 30, 2023, instead of Thursday, June 29, 2023." According to the guidance, a buyback is required to be kept open for 5 working days. And hence, Wipro’s buyback which opened on June 22, was set to close on June 29 since June 28 was seen as a public holiday. However, the government shifted the date of the Bakrid festival to June 29 from June 28 and accordingly, exchanges have made the changes including Wipro for its buyback offer. Wipro said, “In addition to placing the bid through the Stoc