The Sebi has shortlisted seven firms, including Wipro and L&T Infotech, to build a private data storage cloud, automate its inspection of brokers and enhance analytics capabilities, as the regulator is eyeing a technological leap in surveillance and investigation functions.
India's key equity indices oscillated in a thin range during the holiday-shortened week (November 5-9), ending with slight gains, as investors keep an eye out on a string of assembly polls lined up this month and the next.
Benchmark stock indices opened on a negative note following weak global cues after the US Federal Reserve left key interest rates on hold last night, but hinted a rate hike next month.
Benchmark Sensex rallied 310 points to reclaim the 35,000-mark in the opening trade of the special Muhurat session Wednesday to mark the beginning of Hindu Samvat year 2075.
IT stocks fell up to 4.3 per cent after a rebounding rupee dampened the investor sentiment.
Computacenter Plc (CCC.L) lost one-fifth of its value on Wednesday, as dour market conditions across most geographies forced the British IT services firm to provide a tepid forecast for the current quarter.
Shares of Wipro Thursday wiped out early losses and ended over 3 per cent higher despite the company posting 13.8 per cent decline in net profit for the July-September quarter of 2018-19.
Former SBI chairperson Arundhati Bhattacharya has joined board of Wipro as an independent director for a term of 5 years, with effect from January 1, 2019, the IT company said.
IT services major Wipro Wednesday posted a 13.8 per cent decline in consolidated net profit at Rs 1,889 crore for the July-September quarter of 2018-19 compared to the year-ago period.
The benchmark BSE Sensex opened 150 points higher on buying by domestic institutional investors (DIIs) and rupee recovery.