The Indian rupee strengthened by 23 paise to close at 92.91 against the US dollar, buoyed by a weakening American currency, retreating crude oil prices, and fresh foreign fund inflows amidst growing optimism for easing geopolitical tensions. Photograph: Priyanshu Singh/Reuters
India’s foreign exchange reserves have crossed the crucial $700 billion mark, surging by $3.825 billion to $700.946 billion during the week ended April 10, signalling a robust recovery and strengthening the nation’s economic resilience. Illustration: Dado Ruvic/Reuters Key Points India’s
Shares of Angel One Ltd. rose more than 4% on Friday, April 17, extending gains after a strong Q4FY26 performance. The stock has gained in seven out of the last eight trading sessions. For the March quarter, the company reported
There are also early signs of diversification. The company sees a large credit opportunity, with its client base already consuming over ₹1 trillion in personal loans annually across the market. Wealth management is gaining traction, with Ionic Wealth’s assets under
HDFC Life Insurance announced a 4 per cent rise in Q4FY26 net profit to Rs 495.6 crore, alongside HDFC Bank’s plan to inject Rs 1,000 crore, increasing its stake and bolstering the insurer’s solvency ratio. Photograph: Kind courtesy HDFC Life/Instagram
IT services major Wipro has announced its largest-ever share repurchase programme, a mega Rs 15,000 crore buyback at Rs 250 per share, offering an 18 per cent premium to shareholders and aiming to repurchase 5.7 per cent of its equity.
Wipro announced a 1.89 per cent dip in its Q4 FY26 consolidated net profit to Rs 3,501.8 crore, alongside the approval of a significant Rs 15,000 crore share repurchase programme, reflecting strategic moves amidst a challenging global macroeconomic landscape. Illustration:
India’s government has established a new AI Governance and Economic Group to coordinate national artificial intelligence strategy, assess economic impacts, and address emerging risks. IMAGE: Illustration: Dominic Xavier/Rediff.com Key Points India establishes the AI Governance and Economic Group (AIGEG) to
Homegrown fintech solutions firm Intellect Design Arena Ltd on Thursday (April 16) announced the deployment of its eMACH.ai Retail 6DX platform for OnCost, a Kuwait-based FMCG retailer, across its strategic branches, marking a shift to an AI-first, cloud-native retail operating
Wipro buyback: IT services major, Wipro, on Thursday, April 16, announced a share buyback worth ₹15,000 crore along with its financial results for the quarter ended March 30, 2025. Wipro’s board at its meeting today approved the proposal to buyback
