Page 13 - Wipro

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

CII Summit: Azim Premji stresses companies' social responsibilities

Premji, who is also a philanthropist, emphasised the need for business houses to operate with the highest standards of integrity and stated that a lack of integrity signifies a lack of character

Wipro COO Amit Choudhary steps down, Sanjeev Jain to take charge

Jain will report to chief executive officer Srinivas Pallia and will continue to be a member of Wipro's Executive Committee

Global investors' preference for AI hits India IT stocks' heft as tech bets

Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt

After Wipro, Infosys orders 400,000 litres treated waste water from BWSSB

After Wipro, now Infosys has also taken a plunge into greywater. The tech giant will soon be supplied with four lakh litres of zero-bacteria water, according to sources in the Bangalore Water Supply and Sewerage Board (BWSSB). Starting this month, Wipro is being supplied with three lakh litres of treated water every day via tankers. "We already have Arvind Mills committing to two lakh litres a day and Channabasappa Construction one lakh litres. I just had a meeting with Ecospace Tech Park and IMZ Ecoworld, they too have expressed interest. The movement is slowly picking pace," said BWSSB chairman V Ram Prasath Manohar to PTI. Promoting reuse of greywater is important, said Manohar, as water demand in Bengaluru is projected to cross 5,340 million litres per day (MLD) by 2030. Right now, the demand exceeds 2,100 MLD of which BWSSB supplies 1,470 MLD from the Cauvery River and the rest is met through borewells and water tank deliveries. "But treated water is always available. Promotin

Wipro appoints Vinay Firake as CEO of APMEA strategic market unit

Firake succeeds Anis Chenchah, who is stepping down to pursue opportunities outside the organisation

Stocks to watch, May 7: Wipro, Bajaj Finserv, Zee Media, Muthoot Microfin

Stocks to Watch on May 7, 2024: Wipro partnered with Microsoft to introduce a suite of Generative AI-powered virtual assistants for financial services

Wipro, Microsoft team up for AI virtual assistants for financial services

Wipro's new GenAI-powered cognitive assistants will operate on Microsoft Azure Open AI and will be accessible through Azure App Services

Wipro to implement Independent Health's medicare prescription payment plan

Wipro's medicare prescription payment plan platform will streamline prescription payments

Stocks to Watch, May 2: Tata Motors, Wipro, Vedanta, Jindal Stainless, BSE

Stocks to Watch on Thursday, May 2, 2024: Vedanta is looking to invest $20 billion in India across all its business over the next four years