India Finance and Business news

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Wipro plans Rs 11000-crore share buyback
Times of India BENGALURU: Wipro reported a 0.3% rise in revenue in constant currency in the first quarter that beat analyst expectations, pushing up its stock by about 5% in morning trade on the New York Stock Exchange. In April, the company had said it expects to... ---

What changed for the market while you were sleeping? 12 things you should know
What changed for the market while you were sleeping? 12 things you should know A look at top cues from the domestic and international markets that could have a bearing on D-Street today.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

India's faceoff with China is a sign of the future
India's faceoff with China is a sign of the futureAlthough previous confrontations have been quietly resolved, this time some Indian strategists believe China will soon be tempted to launch a punitive strike.

China stocks slip but set to end the week higher, resources firms lend support
SHANGHAI, July 21 (Reuters) - China's major stock indexesedged lower early on Friday, but looked set to end higher forthe week, aided by strong gains in cyclicals including rawmaterial firms. Nearly all main sectors were poised for gains in the week,with material shares the best performers, helped by expectationsChina would continue to push supply-side reforms and keep itseconomy largely stable. An index tracking major raw material firms hasleapt nearly 5 percent this year, far outperforming the broadermarket, after they forecast surges for mid-year earnings growth. Such firms also received support from China'sstronger-than-expected gross domestic product data, released onMonday, which boosted expectations of increasing raw materialdemand. China's economy expanded 6.9 percent in the second quarter,defying expectations for a slight loss of momentum. The CSI300 index fell 0.1 percent to 3,745.18points at 2:01 GMT, while the Shanghai Composite Indexlost 0.1 percent to 3,241.46 points. The Hang Seng index added 0.1 percent, to 26,767.88points, while the Hong Kong China Enterprises Index lost0.2 percent, to 10,827.80 points.(Reporting by Luoyan Liu and Andrew Galbraith; Editing by SamHolmes)

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.