Business

Information Technology (IT) services giant Wipro has relocated its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia, marking a strategic shift in its regional operations. The Bengaluru-headquartered company has simultaneously appointed Mohamed Mousa as the new Managing Director for the Middle East region, who will operate from the newly established Riyadh headquarters, … Read more

Domestic brokerage firm Ventura Securities has suggest to short BSE Ltd in its recent note. However, the stock has seen some correction in the stock recently, falling nearly 10 per cent. But the broking firm sees more downside in the stock in the coming session. It has cited five techno-funda reasons for its call. Shares … Read more

ArisInfra, a B2B ecommerce firm operating in the infrastructure supply chain sector, has filed its red herring prospectus (RHP) to raise INR 499.6 crore through an initial public offering, nearly seven months after receiving regulatory approval from SEBI. The IPO, which comprises only a fresh issue of shares, will open for subscription on June 18 … Read more

If you’ve been keeping an eye on borrowing costs lately—especially personal loans—you’ve probably asked yourself: Are rates getting better? The short answer: yes, they’re heading south. But there’s more to the story than just a dip in percentages. Let’s break it down in plain terms—what’s behind the shift, how it impacts you, and how to … Read more

Benchmark stock indices Sensex and Nifty took a severe beating on Friday morning, in line with Asian peers, as attack on Iran’s nuclear facilities by Israel sent Brent crude oil soaring by 13 per cent, hurting investor sentiment. OMC stocks BPCL, HPCL and IOC fell up to 4 per cent. Markets across Japan, mainland China, … Read more

In a major boost to India’s real estate and infrastructure sector, Adani Cement and the Confederation of Real Estate Developers’ Associations of India (CREDAI) have announced an exclusive preferred partnership aimed at accelerating the adoption of sustainable, high-quality construction practices across the country. The agreement, signed during CREDAI’s Governing Council Meeting in Goa in the … Read more

Multibagger stock Wanbury has emerged as one of the most astonishing success stories on Dalal Street, transforming itself from an obscure penny stock into a headline-maker in five years. From trading at just ₹19 in June 2020, the stock has surged more than 1,475 percent to hover around ₹299.35 in recent sessions. This translates to … Read more

Gold, silver prices in your city, June 13: The yellow metal prices rose amid several geopolitical developments, including Israel’s attack on Iran, US President Donald Trump’s assertion that he would send tariff letters to trading partners, and interest rate cut hopes due to lower-than-expected US inflation data. Gold prices crossed the ₹1 lakh mark on Friday, … Read more

Leading NBFC Paisalo Digital Limited announced on Friday that it has successfully allocated Rs 30 crore worth of Commercial Papers (CPs) to the State Bank of India (SBI) through private placement. 600 listed CPs with a face value of Rs 5,00,000 each make up the allocation, which was authorized by the Board of Directors’ Operations … Read more

Pine Labs, a leading merchant payments and lending platform, is gearing up to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) by end of this month. The move comes as part of its plan for an initial public offering (IPO) later this year. The Noida-based company hopes … Read more