The telecom major added ₹7.64 trn in value over 5 years, while TCS, Infosys and Wipro together lost ₹8.5 trn, according to the Burgundy Private Hurun India 500 report
In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
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Fed decision, weak US cues: At 10:18 AM on Thursday, the Nifty IT index was the top sectoral loser, down 1 per cent, as against a 0.10 per cent rise in the Nifty 50.
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The new centre will focus on accelerating enterprise AI adoption, building specialised talent and developing AI-native platforms and industry solutions across sectors
Analysts attributed the sustained weakness in the Nifty IT index to broad-based pressure in global technology stocks, cautious sentiment over slower US tech spending, and rising geopolitical tensions
Wipro's near-term revenue trajectory remains challenged with Q1FY27 guidance of -2 per cent to 0 per cent CC QoQ, amid multiple headwinds, say analysts at Mirae Asset Sharekhan.
According to the company's regulatory filing, Wipro's board has approved the repurchase of up to 60 crore fully paid-up equity shares with a face value of ₹2 each.
Thus far in the calendar year 2026, the market price of TCS tanked 33 per cent, as compared to 11.5 per cent fall in the Nifty 50.
According to data compiled by Bloomberg, 1.74 million shares were traded in multiple blocks on buyback record date
The decline in Srini Pallia's compensation was primarily due to lower variable pay, as IT firms continue to navigate a challenging demand environment
The additional investment in the insurance technology firm is expected to strengthen Wipro's AI- and IP-led transformation capabilities in the property and casualty segment
CLSA found that most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming fiscal year and beaten consensus EPS
The buying on the counter came after Wipro announced an expanded partnership with ServiceNow to implement and scale agentic artificial intelligence (AI) workflows across core enterprise function
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The Lucknow bench of the Allahabad High Court on Wednesday quashed criminal proceedings against Wipro chairman Azim Premji and other senior company officials, initiated in connection with alleged violations of labour laws. The court also set aside the summons issued by a magistrate court in the matter. The order was passed by Justice Jafeer Ahmad on a petition filed by Premji and others. The case originated from a complaint filed by the labour department, alleging non-compliance with labour laws at Wipro's Ghaziabad office. Acting on the complaint, a local magistrate court issued a summons to Premji and a few other company officials, following which the order was challenged before the high court. In its judgment, the high court observed that in matters relating to technical violations of labour laws, top executives, such as a company chairman, cannot be held criminally liable unless there are specific allegations showing their direct involvement. The court noted that the complain
Wipro has set the buyback price at ₹250 per share, implying a premium of 23 per cent over the stock's previous closing price of ₹203.11 per share
Srini Pallia, the insider leading the company, is focusing on large deals to boost revenue