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Polycab India Ltd’s shares are down 27%. Reports of tax evasion by the company have created an environment of uncertainty. A press release from the finance ministry has stated that the income tax department had initiated search and seizure operations of a group engaged in the manufacturing of wires and cables on 22 December.

India Today has stated. The man, identified as Angrez Singh, was taking the test on Paramjit Kaur's behalf, both residents of Punjab's Fazilka district. As per the report, on January 7, Singh showed up for a multipurpose health workers exam administered by Baba Farid University of Health Sciences at DAV Public School in Kotkapura, in the state's Faridkot district.

Wipro were better than estimates. Expectations were low as Q3 is a seasonally weak quarter due to furloughs coupled with the ongoing demand uncertainty. Notably, management commentary is still cautious with large-caps not seeing a visible pick-up in discretionary IT demand just yet.

Wipro surged 13 percent in intra-day deals today to hit a fresh 52-week high of ₹526.45 as the company's December quarter earnings beat estimates even though it reported a decline in its net profit for the December quarter (Q3FY24). This also comes after the company's American Depository Receipts (ADRs) surged almost 18 percent to hit a near-20-month high of $6.35 after the company reported its results on January 12. Wipro's net profit fell 12 percent year-on-year (YoY) and 1.2 percent sequentially to ₹2,694 crore.

jobs worldwide will be affected by artificial intelligence (AI), with advanced economies facing more exposure than emerging markets and low-income countries, as per a Bloomberg report. Kristalina Georgieva, Managing Director of the IMF expressed concerns in a blog post, stating that in most scenarios, AI is likely to worsen overall inequality. This troubling trend, she suggests, requires proactive measures from policymakers to prevent the technology from exacerbating social tensions.

earnings season, as many as 24 companies will announce their December quarter results on Monday. Street will be keeping a track on Mukesh Ambani promoted Jio Financial Services.

Bandhan Bank, Bharat Heavy Electricals (BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Escorts Kubota, Hindustan Copper, The India Cements, Indus Towers, Metropolis Healthcare National Aluminium Company, Piramal Enterprises, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Indian Energy Exchange (IEX) has moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 89.3% on Friday with OI reported by Trendlyne at 99.6 million.

IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.

cost of eggs has surged to 400 Pakistani Rupees (PKR) per dozen in Lahore, Punjab in neighbouring Pakistan, according to market sources reported by ARY News on January 15. Local authorities are facing challenges in implementing government rate lists as prices for various commodities continue to skyrocket, the report noted. Onions, for instance, are being sold at 230 to 250 PKR per kg, exceeding the government-fixed rate of PKR 175 per kg.

₹90.7 crore net but the numbers have been struggling to keep up with every passing day. Salaar collection's downward trend continues as the film minted its lowest ₹0.5 crore net on January 12. The numbers picked up a bit during this weekend.

Angel One, Kesoram Industries, PCBL and several other companies will announce their third-quarter results today.The US dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the yuan fell to a one-month low after China's central bank surprised markets by keeping its medium-term policy rate steady.The company clocked 13.5% sequential growth in profit at ₹4,350 crore in the December quarter, beating analysts' expectations. Revenue grew 6.7% sequentially to ₹28,446 crore (6% in constant-currency terms).The company reported revenue from IT services of ₹22,150.8 crore in the December quarter, down 1.09% from the previous quarter.

₹14.5 crore ahead of the Ram Mandir ‘Pran prathista’ ceremony. The veteran Bollywood actor, who was born in Allahabad (now Prayagraj), bought the a plot in The Sarayu, a 7-star mixed-use enclave in Ayodhya by Mumbai-based developer The House of Abhinandan Lodha (HoABL), reports Hindustan Times. The report citing people familiar wit the transaction between HoABL and Amitabh Bachchan told HT that Bachchan intends to build a home measured around 10,000 square feet and was valued at ₹14.5 crore.

Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since 2020, and revenue contributions from its mainstay market, North America, have declined for four straight quarters.

North Korea on Monday said it successfully test-fired a solid-fuel intermediate-range ballistic missile (IRBM) carrying a hypersonic warhead on Sunday, Yonhap News Agency reported. In a bid to verify the warhead's gliding and manoeuvring capabilities and the reliability of newly developed multi-stage high-thrust solid-fuel engines, the missile loaded with a hypersonic manoeuvrable controlled warhead was launched on Sunday afternoon, Yonhap News Agency reported, citing Korean Central News Agency (KCNA).

power sector companies such as NTPC, NHPC, Power Grid Corporation and SJVN to support its efforts to push households to adopt the rooftop solar programme. Guidelines to be announced soon would allow these public sector units to cover the installation cost for the solar systems and offer a rent for using the rooftop of houses having a low power demand to make the proposition attractive, people privy to the plan told ET. The companies could recover the investment by the sale of excess electricity after the consumption by the households. «The companies will form subsidiaries to implement the rooftop project plan.

Oxfam said. An Oxfam report, which comes as business elites gather this week for the annual World Economic Forum (WEF) meeting in Davos, found that a billionaire is now either running, or is the main shareholder of, 7 out of 10 of the world's biggest companies.

Dividend stock in India: Shares of Sukhjit Starch & Chemicals Ltd will be in focus when the stock market opens on Monday (January 15). The Board of Directors of the company has declared an interim dividend of ₹8.00 per share for the eligible shareholders. The record date to ascertain the eligibility of shareholders for the interim dividend has been fixed on January 15.

NEW DELHI : India is considering reforming the lines of credit (LoCs) it grants to other countries to improve its economic diplomacy, persons aware of the matter told Mint. Proposed reforms include granting project-specific and fixed-period LoCs rather than generalized lines spanning several projects, the persons said, requesting anonymity. These proposed reforms, which come after requests from the borrower nations, will help reduce the interest burden on these countries, one of the persons added. So far, India has extended over 300 lines of credit to 65 countries with an estimated value of $30 billion.

₹67,000 crore in calendar year 2023, a 221% jump from the year before. In 2022, creditors had realized about ₹20,860 crore by initiating bankruptcy action under IBC, a senior government official said.

NSE) have seen a surge of more than 20% over the past two weeks in off-market transactions, after almost two years of sideways moves. This upswing is linked to heightened demand from wealthy individuals and retail investors amid a restricted supply of shares, with a few large investors reneging on their commitment to sell, said brokers. Additionally, a rally in the shares of the two listed exchange operators — BSE and MCX — and the unlocking of value through the proposed public issue of the National Securities Depository, in which NSE holds a 24% stake, also played a role in fuelling the price, the brokers said. Trading at around Rs 3,100-3,200 a month ago, the stock has currently ascended to a range of Rs 3,800-3,900, as reported by brokers. To be sure, these prices are from the transactions in the unlisted market and are not official figures. At Rs 3,900 per share, India's largest bourse would be valued at Rs 1.93 lakh crore, or 25 times its 12-months earnings. Shares of BSE surged 220% in the past six months, while those of MCX gained around 94%.

Smite 2, positioned as a full-fledged sequel, intends to redefine its predecessor after over a decade, maintaining the core gameplay while introducing substantial modifications. This report provides essential details on Alpha signups, the release date, playable gods and key alterations in Smite 2.