Reliance, Wipro buoy markets

Wipro rallies 8% on Rs. 11000-cr share buyback

During the week, the Sensex registered a rise of 8.14 points, or 0.02 per cent, while the Nifty rose 28.90 points, or 0.29 per cent.

Indian shares gained on Friday, led by blue-chip Reliance Industries after the petrochemicals-to-retail conglomerate reported a better-than- expected quarterly earnings and announced a low-priced, 4G-enabled phone. The stock after making a positive opening, further jumped 3.85% to Rs 1,592.2, its new 52-week high on BSE after Mukesh Ambani announced the launch of JioPhone.

US Amazon investigation probes misleading price discounts
The FTC declined comment and it's not yet clear if the agency would open a formal probe into the allegations. Consumer Watchdog said the before-sale prices were the most misleading type of reference price used.

DOJ takes down dark net marketplace
The chief of Thailand's narcotics police told reporters that Cazes hanged himself in jail just prior to a scheduled court hearing. The normal home page for the dark Web market Hansa has been replaced by this message from USA law enforcement authorities.

India's Reliance sees profits jump 28 percent
Operating profit was led by robust performance from petrochemicals business and sustained strength in the refining business. RIL which has a market capitalisation of Rs 4,97,000 crore closed 0.31 per cent down at Rs 1,528.70 on the BSE on Thursday.

Index heavyweight Reliance Industries rose almost 4 per cent after the company reported its highest quarterly consolidated net profit of Rs 9,108 crore for the three months to June on the back of higher petrochemical margins. European equity markets were trading higher in early afternoon trade. The BSE 30-share Sensex started settled up 124.49 points, or 0.39 per cent, at 32,028.89. It saw an intra-day movement of about 86.70 points. "However, gains in index pivotals RIL and IT major Wipro supported the bourses at lower levels". The rally was spilled over to other technology stocks like TCS (up 1.9 percent), Infosys (1.1 percent) and HCL Technologies (2 percent). Per street expectations, the guidance was expected to be in the range of 0-2 per cent, while the actual guidance was in the range of -0.5 per cent to 1.5 per cent or $1,962 million to $2,001 million. Similarly, the major gainers in the wider NSE Nifty were Wipro, Reliance and Infratel while the major losers were Lupin, Bharti Airtel and Cipla.

Wipro yesterday announced a mega buyback offer of Rs 11,000 crore, joining the growing roster of IT firms returning surplus cash to their shareholders. A total of 18,352.73 lakh shares changed hands in 9,712,846 trades.

Related:

  • Nobody goes low here - O'Meara underlines Birkdale challenge

    Nobody goes low here - O'Meara underlines Birkdale challenge

    I find it very flattering and I mean, it doesn't affect me in any way, apart from it's very nice and makes me smile, really ". But after he hit a quadruple bogey on the first hole and a bogey on the second, O'Meara's smile had gone.
    Exxon Fined $2 Million For Violating Russia Sanctions While Tillerson Was CEO

    Exxon Fined $2 Million For Violating Russia Sanctions While Tillerson Was CEO

    Tillerson visited the White House numerous times as CEO to protest the sanctions, but they remained in place. The State Department declined to comment on Tillerson's role, referring all questions to Exxon.
    Audi ad likening women to used cars in China backfires

    Audi ad likening women to used cars in China backfires

    The next scene shows an Audi on the road, with a voiceover that says, " An important decision must be made carefully ". On Weibo , a Chinese social media platform similar to Twitter, one user wrote: 'I am not a woman and I am disgusted.
  • Could a war break out between India and China - again?

    Could a war break out between India and China - again?

    It also snubbed her suggestion of a simultaneous withdrawal in the disputed region describing it as India's "fantasy". We want that if a dialogue is held, and if talks are to be held, then both the countries should withdraw their troops.
    Cubs have inquired about Rangers' Yu Darvish

    Cubs have inquired about Rangers' Yu Darvish

    The Rangers are 4.5 games back in the wild card race. "It is what it is", said Darvish, who is winless in his past six starts. The price for Darvish will be less than Gray, given that Darvish is set to be a free agent at the end of the season.
    Manhunt Underway For Armed, Dangerous Double Murder Suspect

    Manhunt Underway For Armed, Dangerous Double Murder Suspect

    They believe Patten, who should be considered armed and risky , then drove to Constantine and shot a man there. A 32-year-old man is in police custody in IN following two slayings across two southwestern MI counties.
  • First look at Ghost Recon Wildlands' 4v4 multiplayer mode

    First look at Ghost Recon Wildlands' 4v4 multiplayer mode

    Ghost War puts one team in the shoes of the Ghosts and other team as a squad of spec ops soldiers hoping to gain power in Bolvia. Ubisoft invited members of the community in for a sneak peak at the new mode in a series of workshops at the Paris studio.
    Sen. John McCain diagnosed with malignant brain tumor

    Sen. John McCain diagnosed with malignant brain tumor

    John McCain , R-Ariz. speaks on Capitol Hill in Washington , during the committee's hearing on the defense department's budget. Subsequent tissue pathology revealed that a tumor known as glioblastoma was found to be associated with that that blood clot.
    US House proposes over $5 trillion in cuts

    US House proposes over $5 trillion in cuts

    Mark Meadows , R-N.C., said last month the border adjustment tax is a "stumbling block" as the GOP tries to pass its budget. But for that budget to go into effect, it would have to pass the House and be reconciled with a Senate budget bill.
  • Texas Coffee Recalled Because It Has an Ingredient Similar to Viagra

    Texas Coffee Recalled Because It Has an Ingredient Similar to Viagra

    It also warned the coffee's unlisted milk ingredient could be risky for people with allergies or sensitivities to the product. A nationwide coffee recall to tell you about because it contains an ingredient similar to the active ingredient in Viagra .
    OJ Simpson parole hearing

    OJ Simpson parole hearing

    Even the prosecutor who sent Simpson to prison is expected to support his parole. "I've known OJ for a long time", said Mr Fromong.
    Kelly accused of holding a sexual harem on his property

    Kelly accused of holding a sexual harem on his property

    Kelly to file a lawsuit against him after the singer denied the accusations and expressed that he wanted to sue his accusers. In one especially freakish circumstance, Kim recalls watching a 19 year-old girl run laps wearing nothing but R.

Comments

Latest news

Miller gets clowned by Thomas as Grace shoots 62
It has to do with it was someone else's day, and I didn't play as well as I should have. And just last month, Justin Thomas finished with a 63 in round three of the U.S.

Three Israelis Killed In West Bank Terror Home Invasion
The ministry blamed Israeli fire for a second shooting in the A-Tur area of east Jerusalem that left another Palestinian dead. Three Israelis having dinner in their West Bank home were murdered by a 19-year-old Palestinian wielding a knife Friday.

Duterte has martial law in southern Philippines extended
Lorenzana said there is a continued presence of terrorists allied with IS militants, especially in the provinces of Basilan, Sulu, Maguindanao and the Central Mindanao region.

President Trump Speaks at Commissioning Ceremony of the USS Gerald R. Ford
The air wing to support the Ford could add more personnel to the ship, which is created to house more than 4,600 crew members. He was followed by Susan Ford Bales, the ship's sponsor and daughter of the 38th president, whom the ship honours.

Audi will recall 850000 diesel cars concerning update of emissions software
It didn't elaborate on a possible follow-up probe on auto technology, saying it can't comment on ongoing investigations. German carmaker Audi is offering a free software upgrade for 850,000 diesel cars in order to improve emissions.

9-Year-Old Kid Trips And Falls Into Major Fossil Find
This may be only the second complete skull found in New Mexico ". "It really has to be done with great care and know-how". It was found in Las Cruces , New Mexico right on the outskirts of Jude Sparks' neighborhood.

Donald Trump At White House Event, Glass Manufacturing Back To US
President Donald Trump invited companies from all across America to the White House to participate in " Made in America Week". Eventually, Corning could invest up to $4 billion and hire up to 4,000 new employees, it said Thursday.

Panthers sign OG Turner to four-year extension
He has played in 45 games for the Panthers, with 41 starts and two Pro Bowl appearances. "Beyond excited today! Thank you to Mr. The 24-year-old was a third-round pick out of LSU and quickly moved up to start during his rookie season.

Amazon Alexa is finally coming to Android
The message, which can be read in its entirety below, stated that Alexa was now available through the application. Why would Amazon want Graphiq? The Alexa feature is still not live as of yet to all Android users yet.

YouTube Continues Pledge to Combat Terrorist Content With Redirect Messages
Google says it will measure success based on the amount of engagement the debunking videos get from the Redirect Method . While superficially commendable, the Redirect Method does raise the specter of intervention and censorship.

Sergio Garcia injures shoulder while attacking bush with golf club
Immediately, the Masters champion put his hand to his shoulder and required attention from the on-course physiotherapist. He should not have done that, because he ended up hurting his shoulder. "I was very concerned about it".

Listen To Tyler, The Creator's New Track "I Ain't Got Time!"
The track was debuted by Zane Lowe , to whom Tyler explained that the production was originally for Nicki Minaj . I was like, "Damn, Kanye should take this song".

Philly Police conduct search of DiNardo cornfield in Solebury
The Philadelphia Police Department and its K-9 Unit conducted a search of the Cosmo DiNardo's family farm in Solebury Township. DiNardo is behind bars after confessing to the murders of Dean Finocchiaro, Mark Sturgis, Tom Meo and Jimi Patrick last week.

Farcical UEFA charge Griffiths with 'Provoking' Linfield fans
And at the final whistle, a number of home fans attempted to access the pitch when Griffiths tied a scarf to the goal posts. Celtic have been hit with three charges by UEFA for the game against Linfield including the use of illicit banners .

BHP hits record iron ore production in WA
It also upped Dunkin B (NASDAQ:DNKN) stake by 13,415 shares and now owns 55,000 shares. 2,341K shares changed hands on Wednesday. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable.

Other news