News Overview

News reports claim that the company wants to sell 25–35% of its mutual fund division and is aiming for a $600 million valuation.

The contract ensures Krystal's position in urban management and public welfare, with a constant income source and enhancing its repute in government services.

The company reported a 30.5% net profit year-over-year increase, at ₹163.60 crores.

U.S. West Texas Intermediate crude futures were up 26 cents, or 0.38%, at $69.2 a barrel, while Brent crude futures were up 29 cents, or 0.4%, at $73.2 a barrel.

Earlier in the session, spot gold fell 0.2% to $2,621.06 an ounce, after plunging to its lowest level since November 18.

The value of the dollar increased by more than 2% in relation to the Mexican peso and by 1% in relation to the Canadian dollar.

On November 25, the benchmark indices closed higher.

The company will raise ₹1,590 crore through a fresh issue; all the issue proceeds (excepting offer expenses) will directly flow into the company funds.

The decision follows Unilever’s global strategy to separate its ice cream business and subsequent evaluation by an independent committee of HUL director

Nisal will be reporting to CEO and Managing Director Srini Pallia and will join Wipro's executive board.