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
CRISIL Ratings forecasts a significant increase in the share of bank loans for non-banking financial companies (NBFCs) by FY27, as elevated bond yields make bank credit a more attractive and cost-effective funding option. Illustration: Uttam Ghosh Key Points The share
‘Courts are not moved by spectacle. They act when the facts, as they stand, call for the law to step in.’ IMAGE: Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani. Photograph: Niharika Kulkarni/Reuters Key Points Orissa high court ruled
Gold and silver prices have seen a significant surge in the national capital, driven by robust pre-festival buying from jewellers and stockists ahead of the auspicious Akshaya Tritiya, despite a dip in international market rates. Photograph: Lisi Niesner/Reuters Key Points
