Wipro’s Rishad Premji named Nasscom chairman

Bengaluru, Apr 10: Global software major Wipro’s Chief Strategy Officer Rishad Premji has been appointed the new Nasscom Chairman for 2018-19, said the Indian IT industry’s apex body on Tuesday. “Rishad Premji, the member of Board of Wipro, succeeds Raman Roy as the Chairman for 2018-19,” said the National Association of Software and Services Companies […]

Manchester United midfielder Ander Herrera disrespects Manchester City, spits on club’s crest

  On Monday, Manchester United midfielder Ander Herrera denied intentionally spitting on the Manchester City crest during the derby at Eithad stadium on Saturday. Footage showed Herrera spitting on the crest placed outside the player tunnel. A United spokesperson told The Guardian: “Ander has seen the footage of the incident and is mortified at any […]

March quarter estimates show earnings growth losing steam

March quarter estimates show earnings growth losing steam

  Mumbai, Apr 9: The trend of steady improvement in corporate earnings growth seems to be losing steam, with the combined net profit of India’s top 50 companies, which are part of the NSE Nifty50 index, estimated to grow by 10.9 per cent year-on-year (YoY) during the January-March 2018 quarter, down from the 11.5 per […]

Banks, FMCG, oil stocks lift Sensex by 162 points

  Mumbai, Apr 9: The market extended gains for the third consecutive session on Monday as the Sensex rallied more than 200 points intraday following positive lead from global stocks after US-China trade war tensions abated. Banks, oil and gas, auto and FMCG stocks pushed the Nifty closer to 10,400 levels while technology stocks capped […]

Allegations against ICICI bank pose reputational risks: Fitch Ratings

  Mumbai, Apr 9: Global Rating agency Fitch on Monday said that an investigation into allegations that India’s ICICI Bank extended a loan with a potential conflict of interest raises questions over the bank’s governance and creates reputational risks, says Fitch Ratings. Other regulatory sanctions are also possible, depending on the outcome of the investigation, […]