Tech-major Infosys reported a net profit of Rs 5,421 crore, beating the expectations of the streets by more than 3%. Reliance Industries said on Wednesday that it regrets being drawn into the ongoing dispute between Zee Entertainment and Invesco, and that media reports around its offer for Zee were inaccurate. Prime Minister Narendra Modi has launched a Rs100 lakh crore national master plan for multimodal connectivity which aims to develop infrastructure to reduce logistics costs and boost the economy. For all those stories and everything, here’s some news of the day
Infosys net profit exceeds Street estimates
Tech-major Infosys reported a net profit of Rs 5,421 crore, beating the expectations of the streets by more than 3%. Its revenues met expectations while margins increased by 120 basis points.
Wipro profit grows 19% year-on-year
Had made a fair offer to Zee; never resort to hostile takeovers: Reliance Industries
Tata Motors shares explode
Reliance Industries shares jump in wave of acquisitions
Shares of Reliance Industries rose nearly 1% to an intraday high of Rs 2,677.55 after two acquisitions were announced Tuesday after market hours.
Sensex and Nifty close at record levels
India’s benchmark stock indexes hit record highs during Wednesday’s session and closed nearly one percent higher on buying across sectors. The 30-stock Sensex closed at a record high 60,737, as it rose 488 points and the Nifty50 index jumped 169 points to end at 18,161.
Former Prime Minister Manmohan Singh admitted to AIIMS; Congress says “routine treatment”
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PM Narendra Modi unveils GatiShakti national master plan to strengthen infrastructure
US becomes biggest bitcoin mining hub as China ban bites
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(Edited by : Yashi Gupta, Aditi Gautam)
First publication: STI