Wipro Q3 Net Profit Falls 7% to Rs 3,119 Crore
Wipro reports a 7% decline in net profit to Rs 3,119 crore for Q3, with revenue at Rs 22,205 crore. The IT giant faces market headwinds and a slowdown in key sectors.
Category : Corporate News
IT Firms Hit by Rs 4,900 Crore Labour Code Costs
Indian IT companies are set to incur a significant financial burden of Rs 4,900 crore due to the implementation of new labour codes, impacting operational costs and profitability.
Mohan Lal Mittal, Father of Lakshmi Mittal, Passes Away
Mohan Lal Mittal, the patriarch who founded the family steel business, passed away. PM Modi and Minister Goyal expressed condolences, highlighting his industrial legacy and philanthropy.
Musk-O'Leary War Over Starlink on Ryanair Flights
Elon Musk and Ryanair CEO Michael O'Leary engage in public feud over Starlink installation. Ryanair cites fuel costs, Musk warns of passenger loss.
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Mohan Lal Mittal, Father of Lakshmi Mittal, Passes Away
Mohan Lal Mittal, the father of renowned industrialist Lakshmi Mittal, has passed away. The news marks a personal loss for the Mittal family, known globally in the steel industry.
Reliance Q3 Profit Flat at Rs 18,645 Cr
Reliance Industries reports flat Q3 profit of Rs 18,645 crore as retail business faces headwinds from GST changes, while energy and digital units provide support.
PM Modi Mourns Demise of Mohan Lal Mittal
Prime Minister Narendra Modi expressed deep sorrow over the passing of industrialist Mohan Lal Mittal, father of steel magnate Lakshmi Mittal, praising his business acumen and cultural passion.
Gujarat Summit: 5,492 MoUs, Rs 5.78 Lakh Crore Investment Target
The Vibrant Gujarat Regional Summit for Kutch-Saurashtra concluded with MoUs for 5,492 projects, aiming for over Rs 5.78 lakh crore investment and creating 6.26 lakh jobs.
Wipro, Tech Mahindra Outshine TCS, Infosys in Weak Q3
Wipro and Tech Mahindra posted stronger revenue growth and profitability than larger rivals TCS and Infosys during a challenging third quarter for India's IT sector.
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Worker's Viral Rant Exposes 'Sad' LinkedIn Posts by Execs
A laid-off employee's raw social media post about executives posting teary updates on LinkedIn after job cuts goes viral, sparking widespread discussion about corporate hypocrisy during layoffs.
Reliance Q3 Profit Growth Flat at 1.6%, Revenue Up 10%
Reliance Industries reports modest Q3 profit growth of 1.6% to Rs 22,290 crore, while revenue jumps 10%. Jio Platforms and oil-to-chemicals business drive performance.
Jio Q3 FY26 Profit Rs 7,173 Crore, Revenue Up 12%
Reliance Jio reports a robust Q3 FY26 with profit reaching Rs 7,173 crore and revenue jumping over 12%, driven by strong subscriber growth and digital services.
Reliance Retail Q3 Profit Up 2% to ₹3,558 Crore
Reliance Retail reports 2% profit growth to ₹3,558 crore in Q3 FY26, with revenue hitting a record ₹97,605 crore despite GST and festive demand challenges.
Reliance Q3 Earnings: Profit Up Marginally, Revenue Jumps 11%
Reliance Industries posted a marginal profit rise of 0.56% to Rs 18,645 crore in Q3, while revenue grew 11% to Rs 2.69 lakh crore, driven by strong performance in Jio and O2C segments.
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Jio Platforms Q3 Growth: Profit Up 11.2%, Subscribers Cross 515 Million
Jio Platforms posted robust Q3FY26 results with net profit rising 11.2% year-on-year to ₹7,629 crore. Revenue grew 12.7% to ₹37,262 crore, driven by subscriber additions and ARPU improvement.
RIL Q3 profit up 2% as oil production weakness offsets gains
Reliance Industries reports a 2% profit growth in Q3 FY26 to ₹22,167 crore, with strong performance in O2C, retail, and telecom offsetting oil production decline.
Reliance Q3 Profit Up 2% to ₹22,167 Crore
Reliance Industries reports consolidated profit of ₹22,167 crore for Q3 FY26, marking a 2% year-on-year increase. Revenue from operations climbs 10.5% to ₹2,69,496 crore.
Wipro Q3 FY26 Revenue Up 5.5% Year-on-Year
Wipro has announced a 5.5% year-on-year increase in gross revenue for the third quarter of FY26, reflecting steady growth in its business operations amid market challenges.
GIFT City Delegation to Attend Davos World Economic Forum
A high-level delegation from Gujarat's GIFT City will participate in the World Economic Forum Annual Meeting in Davos, aiming to attract global investment and position itself as India's financial gateway.
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Ryanair CEO Calls Elon Musk an 'Idiot' in Starlink Row
Ryanair CEO Michael O'Leary publicly criticizes Elon Musk, dismissing Starlink internet for flights due to high costs and fuel penalties, sparking debate on X.
Gig Economy in India: Forced Labor or Innovation?
As India debates the future of work, gig platforms face scrutiny over constitutional violations, with 23.5 million workers projected by 2030. Experts argue economic coercion and algorithmic control resemble forced labor under Article 23.
AVPN Global Conference 2026 to be Held in New Delhi
The AVPN Global Conference 2026, Asia's premier social investment event, will take place in New Delhi from August 25-27, 2026, aligning with India's Viksit Bharat Vision 2047.
CCPA Fines E-Commerce Giants Over Illegal Walkie-Talkie Sales
India's consumer watchdog CCPA has imposed fines on Amazon, Flipkart, Meesho, and Meta for facilitating illegal walkie-talkie sales online, citing violations of telecom rules.
Karnataka HC Share Attachment Impacts Aakash Rights Issue
The Karnataka High Court's order attaches shares linked to Byju Raveendran, raising compliance questions for Aakash Educational Services' rights issue and beneficial ownership disclosures.
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Wipro Q3 Net Profit Drops 7% to Rs 3,119 Crore
Wipro reports a 7% decline in net profit to Rs 3,119 crore for Q3, reflecting ongoing market pressures and strategic adjustments in the IT sector.
JPMorgan Expands European Hiring for 2026 M&A Surge
JPMorgan Chase plans significant hiring across Europe, anticipating strong merger and acquisition activity in 2026 driven by low interest rates and growing investor confidence.
Tata Tech Q3: Revenue Up 4%, Profit Falls 96%
Tata Technologies reported Q3 results with revenue growth of nearly 4% year-over-year, but profit plummeted 96% due to new labour code impacts.
Tesla Investor Criticizes Musk's Trump Ties, FSD System
Prominent Tesla bull Ross Gerber criticizes Elon Musk's close relationship with Donald Trump, blaming it for slowing US EV adoption. He also calls Tesla's Full Self-Driving system 'problematic'.
Tech Mahindra Q3 Profit Up 14%, Revenue Rises 8%
Tech Mahindra reports strong Q3 results with net profit rising 14% year-on-year to Rs 1,122 crore and revenue increasing 8%. The IT services firm shows steady growth amid market challenges.
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Wipro Q3 Profit Drops 7%, Announces ₹6 Dividend
Wipro reports a 7% decline in net profit to ₹3,119 crore for Q3 FY26. The IT giant's board approves an interim dividend of ₹6 per share for shareholders.
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