WIPRO Q4 NET PROFIT UP 27.7% AMBANI SENDS OXYGEN TO MAHA

New Delhi, April 15: Wipro on Thursday posted a 27.7 per cent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter, and exuded confidence of sustaining strong growth momentum in the coming quarters. Wipro had posted a net profit (attributable to equity holders) of Rs 2,326.1 crore a year ago, as per Ind-AS.

Its revenue from operations rose by 3.4 per cent to Rs 16,245.4 crore from Rs 15,711 crore in the same period last fiscal. Wipro—which gets a bulk of its topline from IT services—said it expects revenues from that unit to be in the range of $2,195 to $2,238 million in the June 2021 quarter. This translates into a sequential growth of 2-4 per cent.—

April 15: Mukesh Ambani is diverting oxygen produced at his refineries to help India battle a savage coronavirus outbreak that's paralysed the commercial capital. Reliance Industries Ltd, has started supplying oxygen from Jamnagar to Maharashtra at no cost, a company official said. Maharashtra will get 100 tonnes of the gas from Reliance, Eknath Shinde, urban development minister, said in a tweet. RIL is diverting some oxygen streams meant for its petcoke gasification units after making it suitable for medical use, the official said.