Wipro: Wipro has extended its strategic agreement with Crédit Agricole CIB–the corporate and investment bank division of the French financial services group– to fuel Crédit Agricole CIB’s next stage of growth, the company said on Tuesday. Wipro will enable Crédit Agricole CIB to adopt cloud technologies and agile practices allowing it to achieve faster speed-to-market on new products and services, improving client satisfaction and unlocking new revenue streams, according to an exchange filing.
Cipla: Cipla Ltd, one of India’s top pharmaceutical companies, reported a consolidated profit after tax (PAT) of Rs 362 crore for the quarter ended March 2022, a decline of 12% from Rs 413 crore reported in the year-ago period. Consolidated revenues for the Mumbai-based company stood at Rs 5,260 crore, up by 14% compared to Rs 4,606 crore reported in the corresponding quarter of the previous year. On a sequential basis, the revenues have dipped by 4% from Rs 5,479 crore.
Max Financial Services: The company reported consolidated revenues of Rs 8,962 crore in the March quarter, which is 8% lower than previous year, due to lower investment income. Excluding investment income, consolidated revenues grew 12%. Consolidated profit came in at Rs 144 crore, up 106% from Rs 70 crore in the year-ago period.
Q4 Result today: Adani Ports, Punjab National Bank, Indian Bank, Petronet LNG, Balaji Amines, Birla Corporation, HSIL, JSW Ispat Special Products, Kalyan Jewellers India, Kennametal India, KSB, Lakshmi Machine Works, Lloyds Steels Industries, NCC, Skipper, Prism Johnson, Relaxo Footwears, Sagar Cements, SKF India, Butterfly Gandhimathi Appliances, Century Enka, Cholamandalam Financial Holdings, and DIC India will release quarterly earnings on May 11.
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