HIGH PROFILE EXITS IN WIPRO

All things considered, and drawing parallels with the past cases, there is little logic in investors rushing to exit Quant funds based on what we know so far. While it’s possible that the circumstances may be worse than they currently appear to be, ...

This year, 797 women candidates contested the general elections, constituting 9.6% of the total 8,337 candidates. Only 74 of them won a seat in the 18th Lok Sabha - four fewer than the number of women in the 17th Lok Sabha. This comes less than a ye...

Adani Ports joins Sensex as Wipro exits. The inclusion of APSEZ brings $259 million in passive inflows. Seven stocks' weights to rise: Bharti Airtel, Infosys, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Tata Steel, and IndusInd Bank.

Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.

Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.

Quant Small Cap Fund increased holdings in Adani Power in May. Fund exited stocks like Hindalco, Bharat Electronics, and Britannia, as per ETMutualFunds analysis.

ETMutualFunds consults advisors on post-election investment strategy adjustments for conservative, moderate, and aggressive mutual fund investors. Recommendations include gradual equity exposure increase for conservatives, balanced portfolios for mo...

Uttar Pradesh is set for vote counting on June 4, with high-profile candidates like Prime Minister Narendra Modi, Union ministers Rajnath Singh and Smriti Irani, and opposition leaders Rahul Gandhi and Akhilesh Yadav in the race. The ruling BJP, alo...

The Jammu and Kashmir administration and police have ensured a safe space for voters in the region during the recent Lok Sabha election, according to DGP Rashmi Ranjan Swain. This year's election saw a remarkable voter turnout, signaling a shift in ...

Exit Polls 2024 MP News Live: The final phase of the 2024 Lok Sabha elections in India will conclude on June 1, with Madhya Pradesh playing a key role. Held in four phases from April 19 to May 13, the elections in Madhya Pradesh saw a 65% average vo...

Exit Polls 2024 Kerala News Live: The 2024 Lok Sabha Elections in Kerala witnessed intense competition among key candidates across 20 constituencies. Notable contests include Rajmohan Unnithan (Congress) in Kasaragod, Rahul Gandhi (Congress) in Waya...

The data analysis by staffing firm Xpheno revealed that five of India's top IT services companies - Infosys, TCS, Wipro, LTI Mindtree, and HCL Tech - have seen a collective net exit of 25,000 women in the year ending March. Despite an increase in th...

Happy Thursday! Wipro CEO Srinivas Pallia is betting on internal talent to propel growth. This and more in today’s ETtech Morning Dispatch.

Focusing on inside talent comes at a time when it has been dealing with exodus of senior leaders. This also comes after a period when Delaporte hired a lot of foreign citizens and expats at high salaries.

OpenAI dissolves safety team led by Ilya Sutskever and Jan Leike, integrating efforts for AI system safety goals. The team was formed less than a year ago, and recent departures at OpenAI have raised concerns about speed versus safety in AI developm...

The fund house informed about this to its unit holders through a notice-cum-addendum. The merger will be effective from June 15. From this date, Tata Banking & PSU Debt Fund will cease to exist and the unitholders of the scheme will become unitholde...

Wipro shares witnessed a price-wise and time-wise correction in the past three months. The stock fell by over 7% in the same period. In terms of price action, the stock is trading well below most of the crucial short- and long-term moving averages s...

Shares of Paytm parent One 97 Communications fell 5% on Monday after its president and chief operating officer Bhavesh Gupta resigned. More on this in today’s ETtech Top 5.

On the sectoral front, Nifty Realty surged over 2%, and Nifty PSU Bank rose 0.75%. Also, Nifty Auto, Financial, FMCG, Media, Metal and Pharma rose in early trade. In the broader market, Nifty Midcap100 gained 0.66%, while Smallcap100 surged 0.7%.