Page 11 - Wipro

Stocks To Watch: Wipro, HAL, Dmart, Ola Electric, GIC Re, Oberoi Realty

Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.

Wipro board to consider issuing bonus shares ahead of Sep quarter results

IT firm Wipro on Sunday said its board of directors will consider the issue of bonus shares at a meeting scheduled to be held on October 16-17, 2024. Wipro is set to announce its Q2 FY25 results on October 17, 2024. "The board of directors of the company will be considering a proposal for the issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, at its meeting scheduled to be held over October 16-17, 2024," a regulatory filing said. The Bengaluru-headquartered firm posted a 4.6 per cent year-on-year increase in its consolidated net profit in the June-ended quarter at Rs 3,003.2 crore. Its revenue declined 3.8 per cent to Rs 21,963.8 crore. Wipro CEO and MD Srini Pallia had said that the firm is "confident" in its ability to execute better on bookings and profitable growth in Q2,

Pressure amps up on Infosys, Wipro likely to beat high expectations

The 2025 financial year has been seen as one of recovery for Indian IT companies after a slowdown in spending from US-based clients brought revenue growth down to the low single-digits in the previous

TCS, Infy, HCL Tech: Should you buy or sell IT stocks ahead of Q2 results?

Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.

Accenture results: Worst behind for India IT; buy selectively, say analysts

Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results

Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?

The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.

Wipro announces 8% salary hikes for top performing employees in 2024

Wipro's salary this year improves upon the average 6% hike given to top performers at the IT firm last year

Wipro tightens work-from-home policy, links office attendance to leaves

Wipro is enforcing a new policy requiring employees to work from the office at least three days a week. Those found violating the rules will be at risk of losing a day's leave

Wipro appoints Srikumar Rao as global head of Engineering Edge biz line

Rao has been with Wipro for 26 years and has grown with the organisation, serving in various leadership roles. He was most recently the chief operating officer (COO) of Wipro Engineering Edge

Will Wipro go for campus hiring this year? Here's what the company said

Wipro's recruitment efforts will focus on the lowest tier of its three-band hiring structure, with starting salaries of Rs 3.5 lakh per year for freshers from non-IIT and non-NIT engineering colleges

Google Cloud, Wipro partner to use Gemini Code Assist to boost productivity

Google Cloud on Thursday said it has partnered with IT firm Wipro to integrate Gemini Code Assist into the latter's development workflows. Gemini Code Assist is an AI-powered collaborator that helps developers write, review, and debug code more efficiently. This collaboration will enhance developer productivity, improve code quality, and encourage innovation, a company statement said. "At Wipro we are using conversational AI/Gen AI technology to improve the efficiency, effectiveness, and quality of the work done by associates on an individual basis. Tools like Google Cloud's Gemini Code Assist will significantly enhance first party productivity among our developers enabling them to deliver higher quality solutions more efficiently," Wipro Limited Chief Information Officer Anup Purohit said. Integrating Gemini Code Assist will accelerate development cycles, reduce errors, and enable developers to focus on higher-level problem-solving, the statement said.

Ajit Mishra of Religare Broking recommends buying these stocks on August 29

PFC has registered a decisive breakout from the intermediate falling resistance trendline with strong volumes.

IT stocks: LTIM, Wipro, LTTS, Mphasis soared up to 8% today; here's why

Among individual information technology stocks, LTIMindtree led the charts, soaring 7.76 per cent intraday at Rs 6,198 per share on the NSE

Wipro stock price rises over 3% on inking pact with Dell Technologies

The uptick in the Wipro stock price came after the company announced that it is expanding its collaboration with Dell Technologies to bring the Dell AI Factory to Wipro's Enterprise AI-Ready Platform.

Stocks To Watch Today, Aug 28: SBI Cards, Wipro, Vi, Jio Fin, Orient Tech

At 6:52 AM, GIFT Nifty Futures fell 10 points, trading at 25,008, indicating a flat to negative start for Indian markets.

Wipro, Dell Tech expand partnership to integrate AI enterprise solutions

IT major Wipro on Tuesday said it has expanded its partnership with Dell Technologies to integrate their AI enterprise solutions and provide enterprises best-in-class technology and the latest in chip designs. The collaboration will allow enhanced cost control and risk mitigation while providing enterprises with access to the best-in-class technology, accelerating the adoption of AI across cloud, data centre and edge environments, a regulatory filing said. "Wipro's Enterprise AI-Ready platform will leverage the Dell AI Factory with NVIDIA, including Dell validated designs for generative AI, bringing GenAI processing power to data without extensive upfront investment. "The Wipro AI Control Center, an advanced orchestration layer that resides on the Wipro Enterprise AI-Ready platform and enables a seamless infusion of AI for IT and business, will now provide enhanced throughput from the Dell infrastructure," the filing said. This will support the safe, responsible, and sustainable ..

Wipro extends relationship with John Lewis Partnership for 4 years

As part of this engagement, Wipro FullStride Cloud will extend JLP's current cloud infrastructure, network, and end-user services for another four years

Cloud adoption surpassing AI; investments on rise, finds Wipro report

Cloud adoption in India is surpassing artificial intelligence adoption as more than half of the organisations surveyed plan to increase investment in cloud, IT major Wipro said in a report. The Pulse of Cloud: Quarterly Report July 2024 by Wipro FullStride Cloud drew insights from over 500 senior executives and decision-makers at medium large-scale enterprises across North America, the UK, Germany, France and Switzerland between May and June 2024. "A majority of organisations (55 per cent) report that their cloud adoption is ahead of their AI adoption, while 35 per cent say they are moving at the same pace with both technologies. "54 per cent of organisations plan to increase hybrid cloud investment and 56 per cent plan to increase investment in public cloud," the report said. Only 10 per cent of the respondents surveyed reported that their AI adoption is outpacing the cloud. "At Wipro, we see cloud economics as an intelligent management strategy that can better manage costs as ..

Subdued discretionary spending to hit India's IT services growth: Report

The latest Fitch Ratings report says that the long-term growth of India's IT services sector will be supported by client spending on digital transformation, cloud migration, and AI

Top-level exits continue in Wipro as CTO Subha Tatavarti steps down

In another high-level exit at IT major Wipro, its Chief Technology Officer Subha Tatavarti has resigned to pursue opportunities outside the company. Tatavarti joined Wipro in April 2021 as the technology head under the then-CEO and MD Thierry Delaporte. During her three-year stint, she led Wipro's GenAI initiatives and introduced Wipro ai360. "Subha Tatavarti, Chief Technology Officer, resigned from the services of the Company to pursue opportunities outside Wipro," a regulatory filing said on Monday. Before joining Wipro, she led different roles at Walmart and PayPal, among others. She was recognised in "Top 100 Executive Women in Tech to Watch" earlier this year by the WomenTech Network. "I am resigning from the post of CTO, Wipro, effective August 16th. Good luck with your journey," Tatavarti wrote in her resignation letter to Wipro CEO Srini Pallia. This is the fourth top-level exit in the last 4 months after Pallia joined the Bengaluru-based firm in April, following Delaporte