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Wipro's Q1FY24 numbers showed a drop in performance from the prior quarter, and the company's difficult times may not get any easier anytime soon as it expects modest revenue growth in its IT services business for the next September quarter. In the period of the quarter ended June 30, 2023 (Q1FY24), the company fell short of street estimates. The IT behemoth reported a consolidated net profit (attributed to owners) of ₹2,870.1 crore in the first quarter, up 11.95% from ₹2,563.6 crore in the corresponding period last year.

Bank NiftyBANK NIFTY continued to underperform the broader markets with sharp profit booking in PSU bank index as it made a double top near 4500 levels.The weekly candle has turned negative and the positive momentum will be above 45,000 levels only and lower top confirms further weakness.On the downside support is placed near the 20 day SMA of 44,350 levels and can witness some bounce from the lower part of the range.Highest call OI is at 45000 strike while on the downside the highest put OI is at 44,500 for the weekly expiry.Wipro Ltd reported a dollar revenue decline of 2.1% in the June quarter, after Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd posted tepid numbers earlier, stoking growth concerns in India’s $245 billion IT services industry this fiscal year.Worryingly, Wipro has forecast that its revenue could contract again in the September quarter. The country’s fourth-largest IT services firm estimates revenue could fall by 2% or improve by 1% in constant currency terms.

Buy or sell stocks for today: Following strong global cues from US stock market, Indian stock market finished higher on Thursday session. NSE Nifty ended 29 points higher at 19,413 while BSE Sensex gained 164 points and closed at 65,558 levels. Bank Nifty finished 25 points higher at 44,665 levels.

Federal Bank reported an increase of more than 40% in its June quarter net profit to ₹854 crore on the back of falling provisions and improving business momentum. The bank had posted net profit of ₹601 crore in the year-ago period. Net interest income, the difference between interest earned and expended, climbed 20% to ₹1,919 crore for the June quarter versus ₹1,605 crore during the corresponding period last year.

By Wayne Cole

Wipro on Thursday reported quarter-on-quarter fall in its net profit and revenue for the first quarter ended June amidst weak performances by key verticals like financial services and communications with clients postponing discretionary spending in the short term. India’s fourth-largest software company expects revenue in the ongoing fiscal quarter to be between a sequential fall of 2% and a growth of 1% in constant currency, or without forex fluctuations. For the April-June quarter, Wipro’s net profit stood at Rs 2,870 crore, up 12% compared with Rs 2,564 crore a year earlier, but down 6.7% sequentially.

C Vijayakumar, CEO and managing director of HCLTech, said after the $12.6-billion company missed profit and revenue estimates for the first quarter of 2023-24 due to weakness in ER&D and telecom spends. Yet, India’s third largest software company has maintained its revenue growth guidance of 6-8% and 18-19% operation margin for the fiscal year. The company is confident about converting its existing deals pipeline into strong revenue growth over the next few quarters and sees an increasing number of cost optimisation opportunities balancing out the lack of discretionary projects in the market, Vijayakumar told ET’s Romita Majumdar, Sai Ishwarbharath andSurabhi Agarwal in an interview.

Beach Boys made an exciting announcement about their first-ever official anthology book on Thursday. Titled «The Beach Boys by The Beach Boys,» this comprehensive 400-page book spans 60,000 words and chronicles the journey of the summer-loving band.

What’s your brief as an advisory board member? My brief would be to basically advise them on governance matters and organizational structure. We will use our experience in governing large corporations. They know their job of running a startup very well.

₹9.25 crore nett on its opening day and went on to make around ₹80 crore overall. Also read: Tom Cruise's Mission Impossible advance booking surges in India, may be his biggest opener; Check details here Alongside Tom Cruise and Hayley Atwell, the movie features Pom Klementieff, Ving Rhames, Simon Pegg, Rebecca Ferguson, Vanessa Kirby, and Henry Czerny.

Stanley Tucci has revealed that he once tried to break up with his then-girlfriend and now-wife Felicity Blunt. He said he was ‘afraid’ of their future together because of their 21-year age gap. Tucci was speaking on the BBC Radio 4 podcast Desert Island Discs, when he spoke about falling in love with Felicity Blunt, who is actor Emily Blunt’s sister.

Showing some ink can help you raise more cash online. According to a new study, entrepreneurs running crowdfunding campaigns do better if they show people with tattoos in their online pitch materials. And showing tattoos is especially helpful if the campaign is for a product that is not particularly artistic.

₹2,870.1 crore in Q1, rising by 11.95% YoY. Meanwhile, revenue from operations stood at ₹22,831 crore in Q1FY24, recording a growth of 6.05% YoY. The tech major's non-GAAP constant currency IT Services segment revenue decreased by 2.8% QoQ and increased by 1.1% YoY.

This beloved series takes readers on a journey through the lives and romances of the Bridgerton siblings, each book offering a unique and captivating love story. Dive into the world of the Bridgertons and get ready to be swept away by the compelling storytelling and unforgettable characters that have made this series a true sensation. Choose your preferred format and embark on a journey filled with love, laughter and happily ever afters in the world of the Bridgertons.

Wimbledon women’s singles, the Czech tennis star thrashed 12th seed Veronika Kudermetova and defeated 20th seed Donna Vekic in the third round. She sent home 32nd seed Marie Bouzkova in the last 16 and vanquished fourth seed Jessica Pegula in the quarterfinals. Now, she will take on Ukrainian player Elina Svitolina to book a birth in the final. Marketa began playing tennis at the age of four with her father David Vondrousova in 2003. The 5ft 6in tall young sensation has won only one WTA tournament so far- Biel/Bienne in 2017. But the Czech woman has finished runner-up in French Open, Tokyo Olympics 2021, Istanbul Open, and Budapest Open. She reached the Rolland Garros final in 2019 without dropping a single set in the tournament and was ranked 14th, her highest ranking so far. She won career prize money of USD 5447411 on July 3, 2023. She is married.

(Reuters) — Goldman Sachs Group (NYSE:GS) has sold $1 billion of personal loans from its consumer unit, Marcus, to alternative investment firm Varde Partners, Bloomberg News reported on Thursday, citing people with knowledge of the transaction.

COVID. Notably unsecured consumption-led products have risen a compounded annual growth rate (CAGR) of 47% from the quarter ending March 2021 to March 2023 and credit card delinquencies rose 66 bps ( one bps is 0.01 percent) year-on-year in the March 2023 quarter to 2.94 percent.

Wipro achieved remarkable success by securing 55 large deals with a TCV worth $3.9 billion, experiencing a remarkable YoY growth of 66.5%. The company concluded the last financial year with a 28% increase in its order book and hired 22,000 new employees in FY23. Additionally, it gained 435 new customers, primarily through acquisitions.

Ask ChatGPT about comedian Sarah Silverman’s memoir “The Bedwetter” and the artificial intelligence chatbot can come up with a detailed synopsis of every part of the book

Crowds are packing the Colosseum, the Louvre, the Acropolis and other major attractions as tourism exceeds 2019 records in some of Europe’s most popular destinations

₹12.85 crore from the issue.  Also Read: Senco Gold IPO listing date most likely on tomorrow. What GMP signals? The IPO is a fixed price issue and the shares are sold at ₹157 apiece in the IPO.