Wipro quarter1 net profit falls nearly 21% to Rs 2,563.6 crore
New Delhi
IT services company Wipro Ltd on Wednesday reported about a 21% year-on-year fall in its consolidated net profit to Rs 2,563.6 crore for the first quarter ended June 2022. Revenue from operations rose nearly 18% year-on-year to Rs 21,528.6 crore during the just-ended quarter. PTI
New Delhi
NCLT orders insolvency proceedings against FRL
The National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s plea to initiate insolvency resolution proceedings against debt-ridden Future Retail Ltd (FRL). The tribunal rejected Amazon’s objection to initiating insolvency proceedings against Future Retail. Admitting the lenders’ plea, the NCLT appointed Vijay Kumar Iyar as the resolution professional for FRL.
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