One 97 Communications, the parent company of fintech firm Paytm, officially confirmed that there would be a ‘minor reduction’ in its workforce. The company said that the layoffs are part of cost-cutting initiatives. However, a spokesperson for the company rebuffed recent media speculations that had said that the non-bank lender might eliminate over 1,000 positions. […]
Wipro share price closed flat at Rs 374.9 ahead of the quarterly results that are scheduled to be announced today. The IT major is expected to report a net profit rise of as much as 15.2% on-year during the fourth quarter ended March 31, 2023, even as few other analysts estimated that profit for the […]
The Rs 865 crore initial share sale of electronic manufacturing services firm Avalon Technologies will open for public subscription on April 3. The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP). Earlier, it was looking […]
By Rahul Shah Indian equity managed to eke out its third straight weekly gain. Both the indices gained over 1.5 per cent during the previous week thanks to a near 8 per cent jump in shares of Reliance Industries Ltd. (RIL). Nifty gained 232 points to close at 16584 and Sensex advanced 885 points to […]
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