Corporate

Apple unveiled four new iPhones equipped with technology for use with faster new 5G wireless networks. There's the iPhone 12, with a 6.1-inch display, the same as the iPhone 11 but lighter and thinner, starts at almost USD 800 and the iPhone 12 Mini with a 5.4-inch display at almost USD 700. A higher-end iPhone 12 Pro with more powerful...

Payment gateway service provider Paytm on Tuesday launched a same-day settlement facility for all kinds of fund transfers on its payment gateway to help businesses that depend on immediate availability of funds to pay down-stream partners. This includes e-commerce companies, government institutions and all businesses involving inventories, especially those involved in day-to-day trading who depend heavily on cash procurements. The feature...

Bengaluru-based IT major Wipro on Tuesday announced a share buyback plan worth ₹ 9,500 crore. Wipro will buy back 23.75 crore shares at ₹ 400 per equity share, the company said in a press release. Wipro's buyback price was at a premium of 6.45 per cent to today's closing price of ₹ 375.75. The company also reported a 1.4 per cent...

Industrial production declined by 8 per cent in August, mainly due to lower output of manufacturing, mining and power generation sectors, official data showed on Monday. With the gradual relaxation of Covid-19 restrictions, there has been a relative improvement in the economic activities by varying degrees, Ministry of Statistics and Programme Implementation said in a press release. " It may...

Finance Minister Nirmala Sitharaman on Monday announced two special schemes for government staff in a bid to boost consumer demand: a Leave Travel Concession-related cash voucher and a festival advance. The schemes are likely to lead to additional consumer demand of ₹ 36,000 crore by March 31, 2021, which will help those in need on account of the coronavirus...

 Serves thousands of meals to the needy across the country through its ‘Cook for a cause’ initiative New Delhi: As the country celebrated the National Nutrition Month, Amway India, one of the country’s leading FMCG direct selling companies, undertook many initiatives to highlight the importance of nutritious meals for all. Through one of the key initiatives, ‘Cook for a Cause’, the company...

Shares of the Bengaluru-based information technology major - Wipro Ltd. - rose as much as 5.89 per cent to hit an intraday high of ₹ 355 on the BSE after the company after market hours on Wednesday informed exchanges that its board will discuss proposal to buyback equity shares at a meeting scheduled on October 13. There was usual than...

The government on Tuesday said it was approving incentives under a plan to boost domestic smartphone production to 16 companies, including top Apple suppliers Foxconn, Wistron and Pegatron. The country's smartphone industry has become a showpiece for Prime Minister Narendra Modi's "Make In India" drive. The $6.65-billion incentive scheme is part of the government's aim to make the country...

Equity benchmarks Sensex and Nifty piled on gains in opening session on Tuesday as investors indulged in wide-spread buying taking cues from positive global sentiment. The BSE gauge Sensex surged 366.76 points or 0.94 per cent to 39,340.46 in early trade, and the NSE barometer Nifty jumped 92.35 points or 0.80 per cent to 11,595.70. On the Sensex chart, index heavyweight...

The S&P BSE Sensex and NSE Nifty 50 indexes rose for third session in a row led by rally in Tata Consultancy Services which rose after it informed exchanges that its board will consider share buyback proposal on October 7, the day it will declare its second quarter earnings. The Sensex rallied as much as 567 points to briefly...