Wipro: Profit dips; approves share buyback

Wipro reported a 0.4 percent and a seven percent drop in its net profit on a YoY basis for March ending and for FY23, respectively. IT major Wipro approved the buyback of 26,96,62,921 shares at a face value of rupees two each, subject to the company’s shareholders’ approval. This represents 4.9 percent of the total number […]

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FMCG Price War to Benefit Consumer Wallets

Price reduction in the Fast Moving Consumer Goods (FMCG) industry is set to boost the prevailing weak retail demand. Consumers of FMCG are set to reap the benefits of the ongoing price war in the industry with the Reliance Industry Limited (RIL) setting shop in the sector. Experts say that with increased competition consumers can […]

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Banks pushing NBFCs out of gold loan business

Banks are coming up with separate gold loan branches to woo customers away from NBFCs  The Non Banking Financial Companies (NBFC) are facing tough competition from banks in the gold loan segment by offering low interest rates. Commercial Banks have been expanding their gold loan portfolio. Data by BFSI shows that the portfolio saw a […]

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Long term bonds for safer investments

Government bonds with long maturity periods are gaining traction. Investing in Government security (G-Sec) and long-term bonds may yield profit to the investors due to fewer risks despite the recent hikes in repo rate by the Reserve Bank of India (RBI) to curb inflation.  Gaurav Khemka, deputy vice president at SBI Funds Management Pvt Ltd […]

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Credit through UPI Spurs Delinquency Woes

While approving credit, experts say that banks can make use of Artificial Intelligence (AI) to analyze and reduce NPAs. Experts warn that there might be an increase in delinquency following the recent approval of credit through United Payments Interface (UPI) by banks. The credit delinquency rate in the Indian market is already higher than in […]

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Apple Stores Fall Prey To Window Shopping

The launch of two Apple stores in the country has left customers torn between enhanced experience and cost-cutting. The launch of two Apple stores in the country has left customers torn between enhanced experience and cost-cutting. Some customers are willing to trade experience in exchange for paying higher for Apple products, but others still prefer […]

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