Business

Wipro reported a marginal 1.2 per cent rise in Q2 net profit to Rs 3,246.2 crore, with revenue up 1.7 per cent to Rs 22,697.3 crore. CEO Srini Pallia emphasized strengthening growth in Europe and APMEA and scaling operations with AI-led strategies

Infosys reported a 13.2 per cent rise in Q2 net profit to Rs 7,364 crore, with revenue up 8.6 per cent. The IT firm raised its FY26 growth outlook, declared an interim dividend of Rs 23 per share, and added over 8,000 employees

Pushkaraj Sabharwal and the Federation of Indian Pilots have approached the Supreme Court, seeking a judicially monitored inquiry into the June 12 Air India AI171 crash in Ahmedabad. They allege the AAIB report unfairly blames the pilots

India and Brazil agreed to deepen trade and investment ties across energy, agriculture, technology, and defence sectors. High-level discussions between Commerce Minister Piyush Goyal and Brazilian Vice President Geraldo Alckmin set a USD20 billion trade target over five years

Gold prices have surged over 50 per cent in 2025, hitting USD 4,000, driven by Asian demand, central bank purchases, and safe-haven buying. Slower mine output and strong domestic imports in India and China are fueling the steepest rally since the 1970s

Russian Ambassador Denis Alipov said Moscow’s energy partnership with India aligns with New Delhi’s national interests, describing Russian crude as the most cost-effective option globally. His remarks came after US President Donald Trump claimed Modi assured him of reduced oil imports

India reaffirmed that its oil and gas import policy is guided solely by consumer interests and market stability, amid reports of US pressure to curb Russian crude purchases. Officials said India continues to diversify energy sources to ensure secure supplies

Sensex and Nifty surged in early trade amid global market rallies and US Fed rate cut hopes. Fresh foreign fund inflows and strong Q2 earnings from Axis Bank boosted sentiment. Asian markets traded higher; trade talks with the US continue

Reliance Jio has introduced India’s first safety-centric mobile phone under its JioBharat series, aimed at protecting vulnerable users from digital threats. Unveiled at IMC 2025, the budget handset features real-time tracking, content filtering, and health monitoring, making it ideal for children, women, and senior citizens.

Sensex and Nifty opened higher on Wednesday, buoyed by gains in Asian markets amid expectations of US Federal Reserve rate cuts. Asian Paints, NTPC, and Bajaj Finance led Sensex gains, while FIIs offloaded Rs 1,508.53 crore in equities.

The Indian rupee recovered 88 paise to 87.93 against the US dollar, aided by a declining dollar index, lower crude prices, and RBI intervention. Market watchers note the impact of US Fed rate cut signals, global uncertainties, and ongoing US shutdown.

Google’s Raiden Infotech will invest over ₹87,500 crore in Andhra Pradesh for gigawatt-scale data centres, receiving ₹22,000 crore in government incentives. The project is expected to create thousands of jobs and strengthen AP’s position as a digital hub.

Gold surged to a record ₹1.27 lakh per 10 grams on MCX, tracking global gains as US-China tensions and hopes of Fed rate cuts boosted safe-haven demand. Silver also rose, while global gold hit near-record highs.

With rising debt and modest revenue growth, the State must balance ambition with fiscal prudence to secure sustainable and inclusive development

MedPlus Health Services shares fell over 3.6 pre cent after its subsidiary, Optival Health Solutions, received a 15-day drug license suspension at a Karnataka store, potentially affecting revenue. Despite setbacks, CareEdge reaffirmed its financial ratings for the company’s bank facilities

India and the US are progressing on the first phase of the Bilateral Trade Agreement. An Indian delegation is expected to visit Washington this week to discuss increased imports of oil, gas, and renewable technologies, strengthening trade and energy cooperation

India has opened applications for three flagship global AI challenges—AI for All, AI by HER, and YUVAi—offering a total prize pool of Rs 5.85 crore. Winners will showcase their innovations at the India-AI Impact Summit 2026 in New Delhi

Companies are prioritizing mid and senior-level training as AI and generative AI reshape workplaces. Demand for leadership and specialized skill development is rising, with IT, BFSI, and manufacturing sectors leading initiatives to enhance employee retention and career progression

External Affairs Minister S Jaishankar said India-Canada relations have been steadily progressing, with both nations working to rebuild trust and restore cooperation across key sectors, including security, technology, trade, and climate action, following high-level engagements between their leaders and ministers

Gold prices are set for a continued surge, with experts predicting Rs 1.3 lakh per 10 grams this Dhanteras and Rs 1.5 lakh by 2026, driven by global economic uncertainty, US-China tensions, central bank buying, and expectations of interest rate cuts.

Dr Reddy’s Laboratories and Zydus Lifesciences are recalling certain medicines from the US after USFDA found manufacturing and quality issues. The recalls, affecting muscle relaxant and hepatitis B drugs, are precautionary and classified as moderate-risk (Class II)

President Trump has threatened a 100 per cent tariff on Chinese imports from November 1 in response to Beijing’s new rare earth export restrictions. The move heightens US-China trade tensions, risks global market disruption, and underscores the fragile state of economic diplomacy

Prime Minister Narendra Modi met Qualcomm CEO Cristiano Amon to discuss India’s advancements in AI, innovation, and semiconductor technology. The meeting focused on Qualcomm’s role in India’s AI and 6G missions, highlighting collaboration opportunities across digital sectors

US Ambassador to India Sergio Gor met External Affairs Minister S. Jaishankar in New Delhi on Saturday to discuss key aspects of India-US relations. The two sides reaffirmed their commitment to deepening the strategic partnership and Indo-Pacific cooperation