Digpu News

Mumbai (Maharashtra) [India], Oct 23: Two-and three-wheeler manufacturer  Bajaj Auto  on Wednesday reported 22 per cent year-on-year jump in its profit after tax to Rs 1,402 crore during the July to September (Q2) quarter of current financial year. In Q2 FY19, it had a profit of Rs 1,152 crore. The profitability in Q2 FY20 was aided by a tax expense reversal of Rs 182 crore due to the recent lowering of corporate tax rate. However, revenue from operations during Q2FY20 dropped by 4 per cent to Rs 7,707 crore from Rs 8,036 crore in the year-ago period due to ongoing slowdown in the automobile sector. The earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 9 per cent to Rs 1,305 crore from Rs 1,441 crore while operating profit too dropped by 9 per cent to Rs 1,242 crore compared to Rs 1,369 crore in Q2 FY19. “Q2 was a difficult quarter for the domestic motorcycle industry,” the company said in a statement. In terms of volume, domestic motorcyc...

Bengaluru (Karnataka) [India], Oct 23 : IT major Wipro Ltd said on Tuesday that it has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) 2019 for the tenth year in succession. More than 2,000 companies were assessed from around the world and only 319 made it to the final DJSI World index for 2019-2020. Globally, Wipro ranks second in the IT services sector while it continues to be the leader in India. Launched in 2009, the S&P DJSI World is the gold standard for corporate sustainability. Inclusion in the index is based on rigorous analysis of a company’s performance on more than 20 primary indicators and 120 secondary indicators across a spectrum of economic, environmental, social and governance parameters. “We appreciate the comprehensive nature of assessment as it helps us constantly improve our standards in our sustainability journey,” said Chief Executive Officer and Managing Director Abidali Neemuchwala. “The recognition is a reaffir...