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    Rupee falls most in a week as traders brace for US-Iran ceasefire expiry

    The Indian rupee logged its steepest one-day fall in a week on Monday, with wary investors bracing for the end of the U.S.-Iran ceasefire a day later amid rising tensions in the Middle East.

    Global Markets | European shares slide as Middle East ceasefire hangs in balance

    European shares declined on Monday, on concerns that a ceasefire between the U.S. and Iran might collapse after Washington said it had seized an Iranian cargo ship that tried to run its blockade and Tehran vowed to retaliate.

    Trent shares jump 4% ahead of board meet to consider bonus issue on April 22

    Shares of Trent Limited rose 4% ahead of its April 22 board meeting to consider a bonus issue, dividend and fundraising plans. Investors remain cautious as analysts flag margin pressure and store overexpansion concerns, even as revenue growth stays healthy and the retailer continues expanding its store network.

    Even a Rs 15,000-crore buyback fails to cheer Wipro investors

    Wipro's stock fell on Friday after its March-quarter earnings missed expectations, with a ₹15,000 crore buyback failing to boost sentiment. The IT major reported a 2% decline in consolidated net profit, and brokerages expressed caution due to weaker-than-expected performance and revenue headwinds. Analysts noted continued underperformance compared to peers, despite attractive valuations.

    Trent to consider bonus issue to investors on April 22

    Trent Ltd on Friday informed the exchanges that its board will meet on April 22 to consider a bonus issue of shares to investors, subject to approval of the shareholders. The company will also declare financial results on the same day.

    Wipro shares crack 4% after Q4, Rs 15,000-crore buyback. What Goldman Sachs, other brokerages are saying?

    Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despite announcing a ₹15,000 crore buyback. Revenue rose 8% YoY, but the core IT services business remained sluggish with minimal growth, reflecting weak demand. Margins also edged lower, signaling ongoing cost pressures, even as profit improved on a sequential basis.

    The Economic Times
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