₹15,000 Cr Wipro Buyback Announced
Your daily bite of business & market news 🗞️
🗞️ India Auto Sales Hit Record High in FY26
India’s auto sales reached a record high in FY26, driven by tax cuts and lower interest rates.
The surge reflects strong consumer demand and improving financing conditions.
💬 Expert Take — “Auto sales are a strong proxy for consumption. This uptick signals underlying strength in India’s demand cycle.”
🗞️ India Exports Cross $860 Billion in FY26
India’s total exports reached $860 billion in FY26, marking a 4.22% growth.
The milestone highlights resilience in global trade despite external headwinds.
🗞️ Govt Launches Urban Challenge Fund Guidelines
The Urban Challenge Fund guidelines have been launched to support urban infrastructure development.
The initiative aims to drive innovation and improve city-level planning.
🗞️ Commerce Ministry Launches Integrated Website
The Department of Commerce has launched a new integrated website.
The platform is expected to improve ease of access to trade-related information.
🗞️ VinFast Expands India EV Portfolio
VinFast has expanded its India lineup with a new EV model.
The move strengthens competition and growth in India’s EV ecosystem.
🗞️ Wipro Announces ₹15,000 Cr Share Buyback
Wipro has announced a ₹15,000 crore share buyback at a 19% premium.
The buyback signals confidence in cash flows and aims to reward shareholders.
💬 Expert Take — “Large buybacks often indicate capital surplus and can act as a near-term support for stock prices.”
🗞️ India Slips to 6th Largest Economy
India has slipped to the 6th largest economy, moving behind the UK.
The shift reflects currency movements and changing global economic dynamics.
🗞️ Global Developments Continue to Influence Markets
Ongoing global developments continue to shape market sentiment and macro outlook.
Geopolitical and economic shifts remain key drivers of volatility.
📊 Market Update
📉 Sensex: 77,988.68 ▼ 122.56 pts (–0.16%)
📉 Nifty 50: 24,196.75 ▼ 34.55 pts (–0.14%)
🪙 Gold (per gram): 24K ₹15,557 ▲ ₹22 | 22K ₹14,260 ▲ ₹20
🥈 Silver (per kg): ₹2,70,000