🇮🇳 India Daybook: Wipro Unveils ₹15,000 Cr Buyback, Jio Financial Eyes Q4 Results

📍 EARNINGS TODAY

• Jio Financial Services, Bajaj Consumer Care, Aditya Birla Money, Mastek, and Hathway Cable & Datacom are among the key companies scheduled to announce their Q4 results today.

📍 QUARTERLY RESULTS

• Wipro: Reported a consolidated net profit of ₹3,502 crore for Q4, down 1.9% YoY. Revenue from operations grew 7.7% YoY to ₹24,236 crore. The board has approved a major share buyback of up to ₹15,000 crore.
• HDFC Life: Posted a 4% year-on-year growth in net profit to ₹496 crore for the March quarter, while net premium income stood at ₹25,829 crore.
• VST Industries: Reported a stellar performance with net profit surging 120% YoY to ₹116.7 crore, driven by a 30.9% growth in revenue.

📍 ORDER WIN

• John Cockerill India: Secured a significant project worth ₹300 crore from JSW Steel Coated Products.
• Rishabh Instruments: Received an order valued at ₹30 crore from a Germany-based energy company.
• CESC: Signed Power Purchase Agreements (PPAs) for 600 MW of wind-solar hybrid power with four developers, including a 300 MW deal with Purvah Green Power.
• DCX Systems: Bagged an order worth ₹9.3 crore for the supply of transmitter-receiver modules.

📍 ACQUISITION & STRATEGIC MOVES

• HDFC Bank: The board has approved an additional investment of up to ₹1,000 crore in HDFC Life, subject to regulatory approval from the RBI.
• TVS Motor: Increased its shareholding in DriveX Mobility to 92.4% from the previous 87.4%.
• Paytm: Converted a loan of ₹197 crore into equity in First Games, effectively increasing its stake in the entity to 82.6%.
• Rashi Peripherals: The board approved the acquisition of 100% shareholding in RP Tech Electronics and the incorporation of a new arm with an investment of up to ₹10 crore.

📍 IPO & LISTING

• Om Power Transmission: The company is scheduled to make its stock market debut today, listing on both the BSE and NSE.
• Citius Transnet InvIT: The ₹1,105 crore infrastructure investment trust IPO opens for public subscription today with a price band of ₹99–₹100 per unit.

📍 CORPORATE UPDATES

• Firstsource Solutions: Announced the launch of 'Kairos,' a specialized intelligence engine designed to enhance operational efficiency.
• City Union Bank: Expanded its network by opening four new branches across West Bengal, Andhra Pradesh, and Kerala.
• Associated Alcohols & Breweries: Informed that the NCLT Kochi bench has approved its resolution plan for SDF Industries.

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