Information technology (IT) firm Wipro Ltd is keen to partner startups in India to drive innovation and digital transformation for its clients, chairman Rishad Premji said on Friday. “What startups can do for India today is what IT service companies did for the last 20 years in terms of brand building, employment, and wealth creation."

After touching a life-time high in the previous week, the country's foreign exchange reserves declined by $353 million to $541.660 billion in the week ended September 11, according to the Reserve Bank data. In the previous week ended September 4, the reserves had increased by $582 million to a record high of $542.013 billion.

RITES, on September 18, announced its board of directors had approved the buyback of nearly 97 lakh shares at Rs 265 per share. The board of directors has approved buyback of 96,98,113 equity shares of the face value of Rs 10 each at Rs 265 per share, translating into the total buyback amount not exceeding Rs 257 crore.

A selling bias was maintained on the new entrant Happiest Minds Technologies on Friday's trading session. Overall 4% drop was recorded in Happiest Minds with an intraday low of Rs380.45 per piece on Sensex. On debut, the stock recorded a fresh high of RsRs395 per piece, witnessing an overall spurt of nearly 134% against the issue price.

Over 4.87 crore e-way bills, valued at over Rs 13.85 lakh crore, were generated by businesses and transporters in August, reflecting a pick up in economic activity, GSTN data showed. Electronic way or e-way bills are required for inter-state movement of goods worth over Rs 50,000. For intra-state movement, limits vary from state to state. 

The rupee strengthened by 21 paise to close at 73.45 against the US dollar on Friday as weak American currency and positive domestic equities buoyed investor sentiment. At the interbank forex market, the domestic unit opened at 73.47 against the US dollar, and finally settled for the day at 73.45, registering a rise of 21 paise over its previous close.

Paytm on Friday asked its users not to panic and that their money is "completely safe" even though the app has been pulled down from Google Play Store. "Dear Paytm'ers, Paytm Android app is temporarily unavailable on Google's Play Store for new downloads or updates. It will be back very soon. All your money is completely safe, and you can continue to enjoy your Paytm app as normal," said Paytm.

Investors were upbeat on Zydus Cadila stock which is listed as Cadila Healthcare, on Friday after the company announced that US health regulator has approved to market Potassium Chloride Extended-Release tablets. Buying sentiment was such that Cadila even hit a fresh 52-week high of Rs422.8 per piece on Sensex resulting in as much as 7.25% gains in stock price.

HDFC Bank on Friday witnessed huge sell-offs after report said that two US-based law firms have filed a class-action suit against the bank alleging that the latter misled public statements. Rosen Law Firm & Schall Law Firm filed class-action suits against HDFC Bank alleging misleading public statements & for failing to inform investors about the bank's improper internal control over vehicle loans.

Parliament on Friday passed a bill to reduce for one year the salaries of MPs by 30 per cent "to meet the exigencies arising out of COVID-19 pandemic". Rajya Sabha passed the Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020. It had got the approval of Lok Sabha on Tuesday. The bill was introduced in the upper house by Parliamentary Affairs Pralhad Joshi on Thursday.

Digital payment company Paytm's main app goes missing from Play Store. Official Google statement follows- "We don’t allow online casinos/support any unregulated gambling apps that facilitate sports betting. It includes if app leads consumers to an external website that allows them to participate in paid tournaments to win real money/cash prizes." "

Angel Broking, one of the largest retail broking houses in India, is set to launch its initial public offer on September 22, 2020. The company, in consultation with merchant bankers, has fixed IPO price band at Rs 305-306 per share. Angel Broking plans to raise Rs 600 crore via IPO which consists of a fresh issue of Rs 300 crore and offer for sale of Rs 300 crore by promoters and investors.

Private equity firm Warburg Pincus and NSE-backed Computer Age Management Services (CAMS) witnessed strong demand in the grey market ahead of its IPO. The public issue will open on September 21 at a price band of Rs 1,229-1,230 per share. It will close on September 23. The grey market premium has been in the range of Rs 375-400 per share, i.e. 30.5-32.5 % over the upper end of its price band.

The settlement of Dr Reddy’s Labs with Celgene over its patent on Revlimid cleared the path for Natco to launch the first generic version of the drug which is used to treat multiple myeloma and myelodysplastic syndromes. Following the settlement, shares of Natco Pharma surged 15.56 per cent to Rs 893.60. During the day it also hit the 20 per cent upper circuit placed at Rs 931.70.

Power consumption in the first half of September recorded positive growth on a year-on-year (y-o-y) basis, signaling a gradual recovery of industrial and commercial activities. The 53.2 billion units (BU) of electricity supplied in the first 14 days of the month was 0.9% higher than the corresponding period last year, Union power minister RK Singh informed Parliament on Thursday.