In the 5 months since he took over as CEO of Wipro, Thierry Delaporte has yet to visit the company's Bangalore headquarters. Instead, the 53-year-old has been on a virtual tour from his home in Paris, meeting with managers, workers and customers around the globe.The company’s stock has rallied about 70% since his appointment, most among India’s four largest outsourcing firms during the period.

Technical analysts are expecting another 200-point gain for benchmark Nifty in the coming days after the index crossed the 13,200 mark last week — a level which was seen as a strong hurdle. Technical analysts expect the Nifty to find support at 13,100-13,150. At present, the resistances are getting surpassed one after another & there is no indication of any reversal pattern forming at new highs.

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The Board of Directors of high-yielding companies reward shareholders by sharing a part of the net profit with them. This mode of sharing of profit is known as ‘dividends’, and they are usually paid in cash or as additional stocks of the company. Stock owners receive the dividend if they own stocks before the ex-dividend date.

Debt-laden Air India Ltd is set to raise about ₹1,000 crore this week to complete a total fundraising of about ₹6,150 crore in short-term loans from local lenders, said two people with direct knowledge of the matter. The fresh debt will be used to refinance comparatively pricier foreign currency bridge loans taken to purchase seven Boeing Co. 787 and 777 jetliners, the two people said.

Thanks to the billions of dollars raised by Reliance for its telecom arm, Morgan Stanley, the advisor to the company, is all set to top the M&A league table for the calendar 2020. The US-based bank has advised 25 transactions with deal values touching $28 billion. BoFA is second in the chart by advising deals worth $18B while EY is third in the league table with transactions worth $18B.

The CBI has booked Managing Director of Unitech Sanjay Chandra, his father Ramesh and brother Ajay for alleged bank fraud of Rs 198 crore in Canara bank, officials said Sunday. The CBI after registering the fresh case against Chandra carried out searches at multiple locations at the premises of the accused. Sanjay Chandra was released on interim bail from Tihar Jail on Friday after 43 months.

Prime Minister Narendra Modi will inaugurate the fourth India Mobile Congress which is scheduled to start from December 8, according to industry body COAI. The 4th edition of the three-day telecom industry event will be held online for the first time due to the COVID-19 pandemic. Cellular Operators Association of India (COAI) DG Lt Gen S P Kochhar confirmed the programme schedule.

Traders' body CAIT said it has written to the ED seeking "strict action" against Amazon, claiming that the e-commerce major has caused "misery" to small traders by resorting to predatory pricing. "Taking into account the sentiments of Indian retailers and not to forget the amount of damage caused by the foreign E-commerce giants immediate and strict action is required and CAIT demands," it stated.

The country's largest two-wheeler maker Hero MotoCorp expects the tie-up with Harley-Davidson to help accelerate its presence in the premium bike segment. Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name in the country. Hero MotoCorp will sell Harley accessories and general merchandise, riding gear and apparel as well for the Indian bikers.

Diversified group Raymond, which has its majority business interests in textile and apparel sectors, is "cautiously optimistic" about recovery amid the COVID-19 pandemic, its Chairman and Managing Director Gautam Hari Singhania has said. The Raymond group operates in segments such as FMCG, Engineering and Prophylactics besides in the textile and apparel sectors.

Fast moving consumer goods company Dabur India on Sunday said it is filing a complaint with advertising watchdog Advertising Standards Council of India (ASCI) against rival Marico over purity claims made by the latter’s honey brand. The move follows Dabur’s honey sample having failed a key sugar adulteration test in an investigation led by the Center of Science and Environment (CSE).

A subsidiary of the Stuggart-headquartered company, Daimler India has claimed that it plans to have at least 350 dealerships across India. The company plans to implement this strategy in the next two years. Daimler is looking to penetrate deeper into the Indian market with this move. The company will also look to enhance the digitalisation process including the sales experience.

The value of equity holdings of the nation's financial powerhouse LIC has crossed $77 billion by the end of the September quarter which is a shade below its record holding of $84 billion in the March 2018 quarter, rallying over 40 percent in the first half, says a report. But since the second quarter, the market has rallied around 13% & the value of LIC holdings went up in line with the market.

Mukesh Ambani led Reliance Jio partnered with Google earlier this year to work on low-cost Android smartphones. These presumably 4G smartphones will, however, not launch this year. The phones which will be bundled by data packs were speculated to launch in December 2020. The announcement came after Google invested Rs 33,737 crore in Jio Platforms for a 7.7 per cent stake.