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Pakistan is facing severe consequences from heavy monsoon rains. Many people have died and several are injured due to floods and collapsed buildings. Punjab and Khyber Pakhtunkhwa are the most affected areas. Children are among the deceased. Homes have been destroyed and livestock lost. There are fears of glacier lake outburst floods.
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Wipro's Q1 performance was propelled by a robust $5 billion order book, including a significant $2.75 billion large deal. The company anticipates a stronger second half, driven by executing these wins and pursuing new opportunities. Despite macroeconomic uncertainties, Wipro sees strong pipelines in the Americas, Europe, and APMEA, particularly in BFSI, technology, and healthcare sectors.
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Swastika Castal's Rs 14.07-crore IPO opened on Monday, featuring a fresh issue of 21.64 lakh shares at Rs 65 each. Despite a significant profit jump in FY25, the IPO shows neutral investor sentiment with no grey market premium. Proceeds will fund capital expenditure and working capital, as the company targets growth in the aluminium casting sector.
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