Wipro asks employees to return to office
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⭐** Wipro asks employees to return to office**
IT major ** Wipro** is calling its employees back to the office. The company said its offices will be open for four days a week starting from 10 October and encourage its employees to work from office at least three days a week.
⭐ CCI gives nod to Zee-Sony deal
The Competition Commission of India (CCI) has given its nod to the proposed merger of ** Zee Entertainment** and Sony Networks. As per market experts, the merger will create business synergies between the two companies. The combined entity will be a $10 billion TV enterprise with total viewership share of 24% and revenue share of 27%.
⭐** Low rural demand hits FMCG sales**
As per a new industry report, subdued rural demand affected FMCG sales in September. Overall, sales declined by 9.6% compared to the previous month because of a decline in farm yield and household income due to inconsistent rainfall. Rural sales accounts for nearly 70% of total FMCG sales.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| --
| --
- | --
- |
| SGX Nifty | ▲ 0.54% |
| Nikkei 225 (Japan) | ▲ 0.92% |
| Hang Seng (Hong Kong) | **▼ **0.54% |
| SSE Composite (China) | **▼ **0.55% |
| Dow Jones (US) (October 05) | **▼ **0.14% |
| NYSE (US) (October 05) | **▼ **0.09% |
| Nasdaq (US) (October 05) | **▼ **0.25% |
| S&P 500 (US) (October 05) | **▼ **0.2% |
Fact of the day
Exports of India-made iPhones crossed $1 billion in value from April to August 2022.
Source: Business Standard