Wipro, the country’s third-largest IT services company, is planning to hire more number of freshers from campuses this fiscal year as compared to that of previous fiscal year as the firm sees an uptick in demand in key markets and verticals.

With employee utilisation levels touching a high of 85.2 per cent at the end of June quarter, the company also needs a bench of reserved employees to deploy in newer projects

State-run Bank of Baroda signed a Memorandum of Understanding with ten companies including Uber, Oyo, Lava and Flipkart to provide loans to members in their supply chain like drivers and retailers in its efforts to raise its exposure to small enterprises.

“We want to target around 5,000 micro-entrepreneurs and spend at least Rs.500 crores in 2018-19,” said P S Jeyakumar, CEO of Bank of Baroda.

MUMBAI: In a move that will make purchase of railway tickets from portals such as MakeMyTrip, Yatra, Paytm and Cleartrip more expensive, the Indian Railway Catering and Tourism Corporation (IRCTC) has said it will charge a fee of Rs 12 plus taxes on every ticket booked from service providers.

The benchmark Sensex snapped its two week winning streaks to register small losses by 45.26 points to conclude at 36,496.37, while the broader Nifty managed to maintain the key 11,000-level to close at 11,010.20, losing a marginal 8.70 points.

Caution ruled roost during the week trade, weighed down by economic woes set-off by the surging June Wholesale price (WPI) inflation which shot-up to a four-year high to 5.77 per cent increased the chances of RBI hiking rates in its August meet.

The Reserve Bank of India’s (RBI) announcement launching a new series of 100-rupee denomination notes has been greeted with trepidation by the major companies engaged in the manufacture and supply of Automatic Teller Machines (ATMs) in the country.

Like the new post-demonetisation Rs 2,000, Rs 500, Rs 200 and the new Rs 50 notes and Rs 10 notes, even the new lavender-coloured Rs 100 is a tad smaller in size compared to the blue-coloured Rs 100 notes currently in circulation.

After the Cambridge Analytica data scandal, Facebook has now suspended Boston-based data analytics company Crimson Hexagon over concerns that it harvested users’ data.

According to a report in The Wall Street Journal late on Friday, the social media giant was investigating whether the analytics firm’s “contracts with the US government, a Russian non-profit organisation tied to the Kremlin and the Turkish government violate the platform’s policies”.

Congress President Rahul Gandhi on Saturday expressed "shock" and "disgust" at the alleged rape of a 22-year-old woman in Haryana by 40 men, saying it is a shame that the nation was unable to protect "this daughter of India".

A robust growth in motorcycle and commercial vehicle volumes drove Bajaj Auto’s net profit by 21 per cent to Rs 11.15 billion in the April to June quarter, against Rs 9.24 billion a year ago. The net was lower than Rs 12.5-billion estimated by Bloomberg analysts. The company’s revenue rose 26.7 per cent to Rs 74.19 billion over a year-ago period, missing the consensus forecast of Rs 77.91 billion, too.

Wipro, India’s third-largest IT services company, on Friday announced better-than-expected financial numbers for the first quarter ended June 2018. This was backed by a revival in the key BFSI (banking, financial services, and insurance) vertical, apart from strong growth in North America, which accounts for 55 per cent of the company’s revenues.

L& T Finance Holdings on Friday said its net profit grew 71 per cent to Rs 5.38 billion for the quarter ended June 2018 (Q1), compared to Rs 3.14 billion a year ago. The finance arm of Larsen & Toubro has prepared financial statement for Q1 according to the new accounting rules Indian Accounting Standards, which came into effect from April 1, 2018.

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