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Wipro’s board declares an interim dividend of ₹5/share

“We expanded our operating margins by 80 basis points on a YoY basis. Our cash flow conversion remained strong, with operating cash flows being at 123% of our net income,” says Aparna Iyer, CFO, Wipro

“Building on the momentum from last quarter and supported by a strong pipeline, we are well-positioned for the second half,” says Srini Pallia, MD and CEO, Wipro

For Q2, Wipro guides IT Services business revenues to be in the range of declining 1% to growing 1% in constant currency.

Wipro clocks revenue of $2.58 billion in Q1, down 0.3% sequentially, but up 1.5% year-on-year.

Wipro’s board declares an interim dividend of ₹5/share

“We expanded our operating margins by 80 basis points on a YoY basis. Our cash flow conversion remained strong, with operating cash flows being at 123% of our net income,” says Aparna Iyer, CFO, Wipro

“Building on the momentum from last quarter and supported by a strong pipeline, we are well-positioned for the second half,” says Srini Pallia, MD and CEO, Wipro

For Q2, Wipro guides IT Services business revenues to be in the range of declining 1% to growing 1% in constant currency.

Wipro clocks revenue of $2.58 billion in Q1, down 0.3% sequentially, but up 1.5% year-on-year.

Budget 2023: Current account deficit widens to $36bn; 4.4% of GDP

fortuneindia.com

January 31, 2023, 08:26 IST/1 min read

The current account deficit (CAD) widened to $36.4 billion in Q2 FY23, from $18.2 billion in Q1 of the fiscal.

Budget 2023: Current account deficit widens to $36bn; 4.4% of GDP

Credits: Fortune India

India’s current account deficit (CAD) of $36.4 billion in July-September of the current fiscal (Q2 FY23) is double of $18.2 billion (2.2% of GDP) from Q1 of the fiscal. Negative CAD implies India is importing more goods and services than it is exporting, resulting in forex outgo.

Budget 2023: Declining share of defence in total expenditure

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