Highlights: Piyush Goyal likely to attend Brics trade ministers' meeting in Moscow on July 26

Latest news updates: Catch all the news updates from around the world here

4:32 PM

Wipro's growth in European, APMEA markets fall 11.6%, 13.2%

Srinivas Pallia said that the company reported growth in its Americas 1 market, which includes Latin America. Growth in its European and APMEA markets fell 11.6% and 13.2%, respectively. Wipro saw quarterly revenue decline year-on-year in all of its verticals except health, while banking, financial servcies and insurance, its largest vertical, fell 5.3%. It reported its steepest decline in the communications vertical, which was down 21.9%.

4:28 PM

Top accounts continue to grow: Srini Pallia

"Our top accounts continued to grow, accompanied by a growth in 'Americas 1' strategic market unit (SMU), Banking, Financial Services and Insurance (BFSI) and Consumer sectors," Srini Pallia said. 

4:26 PM

Pleased with the momentum we have built in Q1 across industries and sectors, says Srini Pallia

"We are pleased with the momentum we have built in Q1 across industries and sectors and confident in our ability to execute better on bookings and profitable growth as we transition to Q2... While we continue to build on our ai360 strategy and prepare our workforce for an AI-first future," Srini Pallia said. 

4:21 PM

Largest win in the recent years, says Srini Pallia, CEO, Wipro

Wipro said it expects revenue from the IT Services business segment to be in the range of $2,600 million to $2,652 million, in the September quarter. "This translates to sequential guidance of (-) 1.0 per cent to +1.0 per cent in constant currency terms," it said.

Srini Pallia, CEO and managing director of Wipro said the company recorded another quarter of total large deal bookings of over $1 billion, with its "largest win in the recent years".

4:15 PM

Madras High Court orders issuing notice to Centre over DMK's plea against three new criminal laws

The Madras High Court on Friday ordered issuing notice to the Centre over a plea by the DMK to declare as ultra vires and unconstitutional, the three new criminal laws brought in by the Union government. The three laws-- Bharatiya Nagarik Suraksha Sanhita, Bharatiya Nyaya Sanhita and Bharatiya Sakshya Adhiniyam have come into effect from July 1.

3:52 PM

Wipro's Q1 FY25 net profit rose 4.6 per cent year-on-year to Rs 3,003.2 crore

Wipro's Q1 FY25 net profit rose 4.6 per cent year-on-year to Rs 3,003.2 crore; revenue fell 3.8  percent to Rs 21,963.8 crore, according to the company filing.

3:39 PM

Not a security incident or cyberattack, says CrowdStrike CEO George Kurtz

CrowdStrike CEO George Kurtz posted on social media platform X that the company “is actively working with customers impacted by a defect found in a single content update for Windows hosts.” He said: “This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed.” 

3:35 PM

UltraTech Cement's total income at Rs 18,235.30 crore,up 1.81 per cent

The cement maker's total income was at Rs 18,235.30 crore, up 1.81 per cent. UltraTech Cement Ltd stock was trading at Rs 11,295.65 on the BSE post-lunch session, down 3.05 per cent from its previous close.

3:25 PM

Aware of issue, we anticipate a resolution is forthcoming: Microsoft on global outage

"We anticipate a resolution is forthcoming. We are aware of the issue affecting Windows devices due to update from third-party software platform," says Microsoft spokesperson on global outage.

3:19 PM

Tharoor slams Karnataka's job reservation bill as 'unconstitutional' and 'unwise'

Congress Working Committee member and Lok Sabha MP Shashi Tharoor on Friday criticised his party-ruled Karnataka's bill mandating job reservations for Kannadigas in the private sector, describing it as "unconstitutional" and "unwise". He, however, expressed happiness over the Siddaramaiah-led government's decision to withhold the bill.

3:13 PM

In touch with Microsoft to resolve outage, says IT minister Ashwini Vaishnaw

The Centre is in touch with Microsoft to resolve the global outage that has disrupted flights, supermarkets, banking operations, stock market and multiple sectors in the world, IT minister Ashwini Vaishnaw said today.  The minister also emphasised that the reason for this outage has been "identified" and updates have been released to resolve the issue.

 

3:06 PM

Air India operates ferry flight from Mumbai to fly passengers stranded in Russia

Air India on Friday operated a ferry flight from here to fly its Delhi-San Francisco flight passengers, who are stranded at the Krasnoyarsk International Airport (KJA) in Russia since Thursday. The airline had to divert its Delhi-San Francisco flight with 225 passengers and 19 crew members to the Russian city on Thursday after the cockpit crew detected a potential issue in the cargo hold area of the Boeing 777 aircraft.

2:56 PM

News update: Action has been taken against MLAs who cross-voted in Maha legislative council polls, says Cong

2:55 PM

Nitish govt approves Bihar's first 'film promotion policy'

The Bihar government on Friday approved its first film promotion policy, aiming to provide full institutional support to movie makers. The decision was taken during a Cabinet meeting chaired by Chief Minister Nitish Kumar. After the meeting, S Siddharth, Additional Chief Secretary (Cabinet Secretariat), told reporters, "The Cabinet has approved Bihar's new film promotion policy. There is significant potential and numerous opportunities for filmmaking in Bihar. The proposal originated from the state government's Art, Culture, and Youth Affairs department." 

2:31 PM

UPSC issues show cause notice to IAS trainee Puja Khedkar for cancellation of candidature

UPSC has issued a show cause notice to probationary Puja Khedkar seeking her debarment from future examinations. UPSC has  also filed an FIR against probationary IAS officer Puja Khedkar for fraudulently availing attempts in civil services exam.