Indian IT services firms are expected to increase acquisition spending to up to $7 billion this year, targeting AI, cloud and data capabilities amid a challenging organic growth environment
In the morning deals, the domestic currency hit a new low at 96.16 against the US dollar
Stocks to Watch today, March 24, 2026: From HDFC Bank to oil related stocks, here is a list of shares that will remain on investors' radar
Wipro expands its South Korea operations with a new innovation lab, larger office in Seoul, and investments in local talent to support AI-led transformation
Wipro on Monday announced expansion of its business operations in South Korea, with a larger office footprint in Seoul and the launch of an Innovation Lab. With the launch of the Seoul Innovation Lab, Wipro now operates nine such facilities globally. The new lab will focus primarily on technology, automotive, and industrial sectors, supporting use cases such as intelligent product engineering, software-defined vehicles, smart manufacturing, supply chain optimisation, and AI-enabled operations. "Wipro Limited...announced the expansion of its business operations in South Korea, reinforcing the country's position as a strategic growth market for Wipro. The expansion includes an enlarged office footprint in Seoul, the launch of a new Innovation Lab, as part of the Wipro Innovation Network (WIN), and continued investment in local talent to support South Korean clients locally and globally," the Bengaluru-headquartered IT company said in a release. The latest move underlines the country's
IT major Wipro on Thursday announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients. The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday. The GIFT City hub will support the delivery of advanced solutions across digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernisation. The centre, with Wipro Intelligence -- a unified suite of AI-powered platforms and solutions -- strengthens the company's ability to co-innovate with clients, embed responsible AI across critical financial workflows, and scale secure, domain-led platforms to meet the growing global demand for AI-powered BFSI transformation, Wipro said. "Wipro's presence at GIFT City is a strategic investme
Stocks to Watch today, March 12: Ashok Leyland, Akzo Nobel, Jindal Steel, Bharat Forge, ACME Solar, and Adani Ports are among the top stocks to remain in focus today
India's techno-legal AI governance model, built on soft guidelines and shared responsibility, is practical for rapidly evolving technology, says Wipro's Global Chief Privacy and AI Governance Officer
Within the Nifty 500, 14 stocks, including AWL Agri, LTIMindtree, Wipro, CoForge and IRFC were trading with a RSI reading below 20; technically the oversold threshold for the RSI parameter is 30.
The shift of Estee Lauder's $500-million contract to Accenture marks a setback for Wipro as CEO Srini Palia pushes large efficiency-led deals amid renewed focus on discretionary spending
Indian IT majors including Tata Consultancy Services, Infosys and Wipro suspend travel and urge staff in West Asia to stay indoors as the US-Israel-Iran conflict shuts airspace across the region
Individually, HCLTech shares were up 3.57 per cent; Infosys, Tech Mahindra, TCS, and Wipro were trading over 2 per cent higher
Wipro, Cyient, Hexaware Technologies, KPIT Technologies and L&T Technology Services from the IT sector and Info Edge (India) and C.E. Info Systems from the IT-related sector hit 52-week lows on Monday
India has the opportunity to become one of the world's most consequential environments for AI application but the country's advantage will be defined by the choices it makes regarding where to apply, diffuse and responsibly deploy the new wave of technology to translate capability into real impact, Wipro Ltd Executive Chairman, Rishad Premji said on Thursday. AI is once in a generation a technology that emerges which doesn't just change "what we do, it truly changes what we must do", he said while speaking at the AI Impact Summit. "How we as a country, how India responds in the next few years, will shape not just our own economic trajectory, but our ability to solve problems that matter to over a billion people," Premji asserted. Stating that the conversation on AI has fundamentally shifted from possibility to practicality, from experimentation to adoption, and from pilots to scale impact, he said this shift matters tremendously, because technology creates value only when it is ...
The correction in IT stocks has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook
India has promising potential on AI given its proven success in scalable digital infrastructure, vast talent pool, and robust legal framework, making the nation a great partner for organisations globally in the Artificial Intelligence space, Ivana Bartoletti, Global Chief Privacy and AI Governance Officer at Wipro, said on Monday. Wipro, she said, takes AI governance and responsibility "really seriously", and the approach of putting ethics first is rooted deeply in the company's values, she said. "India has fantastic potential. The major advantage is the scalability you (India) have demonstrated with digital public infrastructure, including UPI... of showing technological delivery at scale. This is really important because the big challenge with artificial intelligence is deployment at scale," she told PTI on the sidelines of India AI Impact Summit. She also highlighted India's tech edge in terms of the vast talent pool, and said it placed the country in a good position to compete .
The Nasdaq IT services basket has corrected meaningfully, dragging Indian IT ADRs lower and triggering a risk-off sentiment that has spilled into domestic markets, said ICICI Securities.
Over the past two trading sessions, the Nifty IT index has declined 7 per cent, while losses over the last seven trading days stand at 14 per cent
Nifty IT slides 6% as AI disruption fears and fading US rate-cut hopes trigger sharp sell-off in frontline tech stocks
IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified