Srinivas Pallia, who has been a part of Wipro for over three decades, divested all his shares valued at Rs 5 crore in the company approximately a month and a half prior to his appointment as the new chief executive, according to a report by The Economic Times (ET).

Pallia sold his 100,000 Wipro shares through a 'market sale' on February 14 this year, with the transaction being reported to the exchange on February 15. The total transaction amounted to Rs 5.05 crore, the report added. Following the transaction, Pallia's holdings of securities on the BSE were reduced to zero.

Jio Financial Services, led by Mukesh Ambani, plans to venture into the stockbroking and wealth management business through an equal joint venture (JV) with US-based BlackRock. The world’s largest asset manager is also Jio’s partner in establishing an asset management business in India.

The company entered into another JV with BlackRock on Monday to incorporate the new businesses.

Amazon has introduced a special store called 'Bazaar' in India, featuring low-priced, unbranded fashion and lifestyle products.

Amazon’s goal is to cater to a particular group of customers who prioritise affordability over brand names. This strategy could present a challenge to Meesho, known for providing budget-friendly consumer goods sourced from local retailers.

At least 33 people were killed after snow, rain, and subsequent flooding wreaked havoc in the country over the past three days, according to TOLOnews.

Moreover, 27 people were injured as a result of flash floods in the country.

The BJP has slammed Karnataka Chief Minister Siddaramaiah for his comments on the demolition of some houses allegedly built illegally and belonging to Kannadigas in Goa and said he should first work to solve problems in his own state.

Bharatiya Janata Party's Goa spokesperson Giriraj Pai Vernekar told PTI on Sunday that the demolition drive was carried out following a directive of the Supreme Court.

Commanding higher pricing for technology contracts will be one of the ways Tata Consultancy Services looks to "further enhance" its operating margin that is already at a 12-quarter high, its chief financial officer said on Saturday.

"One way to increase is the revenue profile across products which you are selling. The high-end products mix goes up. Second is when deals come up for renewal, you structurally push for inflation-linked adjustment," CFO Samir Seksaria said.

Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said.

Stock markets will remain closed on Wednesday for Ram Navami.

The Bharatiya Janata Party (BJP), on Sunday, released its manifesto for the Lok Sabha Elections 2024. While announcing the key promises, Prime Minister Narendra Modi said that the "Sankalp Patra" focuses on empowering women, poor, youth and farmers.

He said that the focus is on dignity and quality of life. "This Sankalp Patra focuses on both quantity and quality of opportunities," PM Modi said.

Senior AAP leader and Rajya Sabha MP Sanjay Singh on Saturday claimed that Delhi Chief Minister Arvind Kejriwal was not being allowed to meet his family at mulakat jangla' in Tihar jail.

Addressing a press conference, Singh said, "There is an attempt to break the morale of CM Kejriwal.

External Affairs Minister S Jaishankar has said that India was committed to respond to any act of terrorism perpetrated from across the borders, and asserted that since terrorists do not play by rules, there cannot be any rules in the country's answer to them.

Attacking the United Progressive Alliance (UPA) dispensation over its response to the 26/11 Mumbai terror attacks in 2008, he said that after a lot of deliberation at the government level, nothing fruitful came out at that time as it was felt that the cost of attacking Pakistan was more than not attacking it.

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