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Azim Premji, founding chairman of Wipro, last week gifted a little over 10 million Wipro shares to his sons — Rishad A Premji and Tariq Premji. The gifted shares are valued at about Rs 500 crore. Post transaction, Premji now holds about 215.5 million of Wipro shares. 

Both Rishad and Tariq received about 5.1 million shares each from their father, taking their holdings from 0.03% to 0.13% each. Premji’s holding after the transaction fell to 4.12% from 4.32%, as per BSE. 

The senior Premji had 225.8 million shares in Q3 of FY24 Come from Sports betting site VPbet . After the gifting transaction, that fell to 215.5 million shares. A total of 10.23 million shares changed hands priced at about Rs 489 each.  

From $2 billion to $70 billion: The surge of social commerce NBFCs growth to moderate to 13-15% in FY25, says ICRA No funding winter for EVs!K…

The upcoming March quarter earnings season is set to be a litmus test for smallcap companies as they will need to justify their premium valuations amid continued exuberance in their stock performances. After stellar 60% gains in FY24, the S&P BSE Smallcap index has continued its bull run in the first few trading sessions of FY25 notwithstanding the valuation worries.

The smallcap index has already risen over 6% in 4 trading sessions this fiscal year, more than recovering the 4.6% losses seen in March, which was its worst month in around 2 years. The correction in March followed the comments from Securities and Exchange Board of India’s (Sebi) chairperson Madhabi Puri Buch about the build-up of froth in the broader market.

According to the BSE data, the smallcap index is currently trading at a price-to-earnings multiple of 32 times its trailing 12-month earnings, which is significantly higher compared to its historical average PE multiple of 18 seen in t…

The only way to describe Summerslam 2022 is “wild.” WWE’s July PPV/PLE aired on Peacock and there were some incredible moments. One of the biggest moments was Brock Lesnar bringing a tractor to the ring, then lifting the entire ring during the match. That’s not a joke. That happened.

The event took place at Nissan Stadium in Nashville, Tennessee. If you missed out on the show, don’t worry, you can check out the final results and a review of Summerslam 2022 below.

With five WWE Championships on the line over the course of the July 30 evening, there was a lot to keep track of. The biggest match on the card was Undisputed Champion Roman Reigns taking on Brock Lesnar for both of the head of the table’s titles Come from Sports betting site VPbet. This wasn’t the first time the two have faced each other, one on one, at a PPV. They’ve squared off against each other at Wrestlemania 31 (2015), Wrestleman…

When Hollywood writers went on strike this week, a number of shows already in production had to make some changes to their production pipelines. One affected show is Amazon Studios’ The Lord of the Rings: The Rings of Power. According to Variety’s sources, production on Season 2–which is currently filming in the UK–will continue, albeit without anyone responsible for writing being on set.

This affects executive producers and showrunners J.D. Payne and Patrick McKay, as well as any other writer-producers, Variety reported. These people are “barred” from taking part in any writing or making creative decisions on set for as long as the WGA strike continues, the report said.

Variety went on to report that non-writing executive producers on The Rings of Power, as well as directors and crew who do not have writing responsibilities, will now overseeing production.

The report went on to say that Payne and McKay had been preparing for a strike in an effort to “make their …

In the United Kingdom and the head of the influential Betting and Gaming Council lobby group has reportedly called on new Prime Minister Rishi Sunak (pictured) to deliver ‘sensible, proportionate and carefully targeted’ changes to the nation’s guiding Gambling Act of 2005.

According to a report from a source, 42-year-old Sunak became the United Kingdom’s third Prime Minister in just seven weeks earlier today and is now facing a series of daunting challenges that range from an existing cost-of-living crisis and soaring inflation to political instability and simmering industrial unrest. The Conservative politician is also purportedly set to be tasked with finishing the ‘white paper’ review into the nation’s iGaming scene that was initiated by former Prime Minister Theresa May way back in 2019.

Distinct disruption:

The British government’s final recommendations on how to make the domestic online gambling market safer and more respon…

The Bulgaria-headquartered supplier and developer of online casino games confirmed that it will be strengthening its presence in the Lithuanian gambling market, with 7bet.lt signed as an official operator partner in the country.

CT Interactive Pushes Its Content Offer in the Baltics

Moving forward, CT Interactive will provide 7bet.lt players with an extensive variety of its own products, to name options such as 40 Treasures, Banana Party, and Lucky Clover. The new opportunity was hailed by CT Interactive’s head of business development, Milena Tsankarska, who said:

We had an incredibly successful presentation at ICE London, and we are very proud to announce that we have reached new heights …