Page 10 - Wipro

How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro

IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.

Cognizant settles CFO lawsuit with Wipro; pays Rs 4 crore in settlement

The settlement resolves all pending disputes between Dalal and Wipro, said the company in a statement

Wipro Consumer Care-Ventures leads investment round in snacks firm LetsTry

Founded in 2021 by Nitin Kalra, LetsTry offers premium quality snacks that resonate with the traditional tastes and preferences of Indian consumers

Wipro's female workforce sees significant drop, declines by 8,126 in FY24

At Wipro, reports of sexual harassment complaints more than doubled in FY24, totalling 182 cases compared to 70 in FY23

Clients across industries eager to harness the power of AI: Wipro CEO

The IT services company has trained more than 225,000 associates in basic GenAI and holds 470 AI patents, says Srini Pallia

Officer's Choice whisky maker Allied Blenders raises Rs 449 cr ahead of IPO

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, on Monday said it has raised Rs 449 crore from anchor investors a day before its initial share-sale opening for public subscription. Nippon India Mutual Fund (MF), LIC MF, JM Financial MF, Jupiter India Fund, Societe Generale, Goldman Sachs (Singapore) Pte, Wipro Commercial (India) Ltd and Troo Capital were among anchor investors who were allotted shares, according to a circular uploaded on BSE website. The company has allotted 1.6 crore equity shares to 17 funds at Rs 281 apiece, which is also the upper end of the price band. This translates into a transaction size of Rs 449 crore, it added. The Rs 1,500-crore issue with a price band of Rs 267 to Rs 281 per share will open for public subscription during June 25-27. The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 500 crore by promoters. As a part of the OFS, Bina Kishore ...

Mcap of BSE-listed firms hit fresh record high of Rs 437.24 trillion

The market capitalisation of BSE-listed firms hit a new record high of Rs 437.24 lakh crore on Tuesday amid an optimistic trend in equities where the BSE Sensex maintained the record-breaking run and hit another lifetime closing high level. Rising for the fourth straight session, the 30-share BSE benchmark climbed 308.37 points or 0.40 per cent to settle at a new closing peak of 77,301.14. During the day, it jumped 374 points or 0.48 per cent to hit the fresh lifetime peak of 77,366.77. The positive trend in equities took the market capitalisation of BSE-listed firms to a new record high of Rs 4,37,24,261.40 crore (USD 5.24 trillion). In four days, the investors' wealth has risen by Rs 10.29 lakh crore. "Key benchmark indices continued their record-breaking spree as renewed FII buying interest coupled with moderating domestic inflation has raised hopes of a rate cut by this year-end. "Although monsoon has made a steady start, investors are hoping for a pick-up in rain activity ove

FMCG companies increase prices to maintain margins due to high input costs

Fast-moving consumer goods companies have increased prices by 2% to 9% on soaps and body washes, 8% to 11% on hair oils, and 3% to 17% on select food items

Wipro's AI adoption in existing projects up 140%: COO Sanjeev Jain

Earlier this week, Wipro launched its Lab45 AI platform, which leverages GenAI, machine learning, and deep learning technologies to help companies increase efficiencies

Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE

The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Stocks to watch on June 07: Bajaj Fin, Wipro, ICICI Bank, PB Fintech, RVNL

Stocks to watch on June 07: Bajaj Finance's subsidiary, Bajaj Housing Finance, approved an IPO worth of Rs 4,000 crore

Wipro bags $500 million deal from US communication service provider

Wipro's communication vertical declined 14.7 per cent year-on-year and contributed 4.2 per cent to the total revenue as of FY24

Stocks to watch on June 04: DRL, Biocon, Wipro, RVNL, M&M Fin Svcs

Stocks to watch on June 04: RVNL has secured an engineering, procurement and construction order worth Rs 440 crore from South Central Railway

Wipro appoints Bruno Schenk as country head, MD for Switzerland

IT major Wipro on Monday said it has appointed Bruno Schenk as the Country Head and Managing Director for Switzerland, with immediate effect. He will report to Wipro's Europe CEO Pierre Bruno. Schenk is taking over from Ren Mulder, who has decided to explore new opportunities beyond Wipro, the company said. Schenk was previously the CEO of Eviden Switzerland, an Atos business. "I extend a warm welcome to Schenk, and I look forward to the insights, energy and rigour he will bring to our clients and teams in Switzerland and as part of our Europe Leadership Team," said Pierre Bruno. "Ren and Schenk will work together closely over the coming weeks to ensure a smooth transition. I'd like to thank Ren for his leadership over the last four years, delivering outstanding value and innovation and for building a strong, client-focused team in the region," he said. In May, Wipro appointed Sarat Chand as regional head and managing director of its northern Europe region.

Wipro shareholders approve resolution on $4.3 mn pay package for ex-CEO

Shareholders of Wipro have approved payment of USD 4.3 million cash severance package for Thierry Delaporte, its former CEO and Managing Director, with 89.7 per cent voting in favour of the resolution. The Bengaluru-headquartered Indian IT major had announced the resignation of Delaporte in April this year, and had named Srinivas Pallia as the new Chief Executive Officer. During the voting exercise on the resolution pertaining to payment of USD 4.33 million in cash compensation and applicable social security contributions for Delaporte, 89.7 per cent voted in favour with 10.31 voting in dissent, according to a BSE filing. "The Chairman noted the results of voting as stated above and it was declared and recorded that the ordinary resolutions as set out in the Notice of Postal Ballot dated April 19, 2024 were duly passed by the Members on Wednesday, May 29, 2024 with requisite majority," Wipro filing said. Wipro's Founder-Chairman Azim Premji and the promoter group entities hold ...

Wipro public shareholders object to outgoing CEO Delaporte's severance pay

Resolution to pay him $4.33 mn in cash compensation is accepted due to promoter shareholding

Adani Ports to be included in Sensex from June 24, Wipro to be excluded

Analysts said Adani Ports could be assigned a weightage of 1.2 per cent in the Sensex

Ex-Wipro boss is highest-paid Indian IT CEO for second year straight

Thierry Delaporte earned $20 mn in FY24 and $10 mn the year before; he resigned last month

Rebalancing: Adani Enterprises likely to dislodge Wipro from Sensex

Semi-annual rebalancing of BSE indices on Friday

Who is Azim Premji? The architect of IT major Wipro's global success

Padma Bhushan awardee Azim Premji, with a net worth of $12 billion, is the founder of Wipro and established the Azim Premji Foundation