Page 17 - Wipro

HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.

India-Canada rift bad for business; IT firms may struggle to land new deals

Canada makes up to 5-6 per cent of Indian IT companies' revenues. Top companies like TCS and Infosys have recently acquired work from Canadian government departments and organisations

Stocks to Watch today: Banks, Nuvama Wealth, RIL, Tata Steel, Strides, M&M

Stocks to watch on Tuesday, September 26, 2023: Shares of bank, mainly state-run, are likely to be in focus amid reports that the government may spend up to Rs 60,000 crore to provide subsidised loans

Indian IT cos don't see any immediate challenges due to India-Canada tussle

So far, both Canada and India have expelled senior diplomats in reciprocal moves. On Thursday, September 21, India temporarily suspended visa services for Canadian citizens

Who is Aparna C Iyer? All you need to know about IT major Wipro's new CFO

On Aparna's appointment, Wipro CEO Thierry Delaporte on Thursday said she is an accomplished and result-driven leader

Wipro appoints Aparna C Iyer as new CFO after Jatin Dalal resigns

Dalal's exit comes at a time when Wipro has been battling several high-level exits in the recent past

Wipro CFO Jatin Pravinchandra Dalal quits, Aparna Iyer takes over charge

Aparna will report to CEO Thierry Delaporte and will join the Wipro Executive Board

Amid surge in cloud tech, Ensono MD says it is not for all workloads

Amid a surge in cloud technologies for enterprises and customer use cases, a senior executive of mainframe-as-a-service company Ensono said cloud is not meant for all workloads. India Managing Director of Ensono, Raj Bagga spoke to PTI as the company makes a foray into hybrid solutions for enterprise data. The government recently imposed restrictions on import of micro computers, large or mainframe computers, and certain data processing machines. Mainframe computers, informally called mainframe, are used by large organizations for bulk data processing for tasks such as censuses, industry and consumer statistics, enterprise resource planning, and large-scale transaction processing - especially by large companies having sensitive information. Earlier, companies used to see the cloud only approach, moving 100 per cent to cloud, but that thinking is changing drastically. People are realizing that cloud is not for all the workloads and suitable for that, Bagga said. On mainframe techno

Wipro inaugurates 75,000-sq-ft office in Jefferson City, Missouri

The 75,000-square-foot office will act as main support centre for some of Wipro's clients in healthcare and government sectors

NCLAT dismisses operational creditor's insolvency plea against Wipro

The National Company Law Appellate Tribunal has dismissed an operational creditor's petition to initiate insolvency proceedings against Wipro Ltd. A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not framed for being a "mere recovery legislation for creditors". The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the NCLT. Earlier, the Bengaluru Bench of the National Company Law Tribunal (NCLT), on January 16, 2020, dismissed the plea by Tricolite Electrical Industries in the capacity of operational creditor. The order was challenged by the Delhi-based operational creditor, a manufacturer of 'LT/ HT Electric Panels' before the appellate body NCLAT. However, the NCLAT also dismissed it after observing, "We are satisfied that a dispute' truly existed for the Respondent Company (Wipro) to have withheld

IT companies step up GenAI investments as clients ready for paid POCs

However, GenAI has a margin optimisation implication for IT providers as they are also using it internally to cut down development times for client projects

IT sector companies defer hikes, lower increments amid slow growth

Wipro has postponed salary hikes, while Infosys and HCL opt not to implement raises

Wipro bets on Capco, Cloud, artificial intelligence to power BFSI revenue

To fortify its BFSI vertical, Wipro is investing in technologies like cloud and AI. Dann mentioned that Wipro's recent $1 billion investment in AI aligns with this vision

Wipro begins digital skill credentialing and validation initiative

Built on Wipro's DICE ID platform and powered by Web 3.0 technology, the initiative aims to foster more trust and transparency across the talent ecosystem

Wipro appoints Brijesh Singh as global head of artificial intelligence

Singh's appointment follows Wipro's $1 billion investment in AI and the launch of Wipro ai360

Wipro launches GenAI centre of excellence in collaboration with IIT Delhi

Serving as a hub for research and development, the CoE will unite Wipro researchers with IIT Delhi's faculty members and graduate students, focusing on real-world problems on a large scale

Wipro and IIT Delhi launch centre of excellence for AI innovation

Wipro's researchers, the ScAI faculty members, and IIT Delhi will collaborate to design innovative solutions using AI, machine learning, and other cutting-edge technologies

Wipro partners with IIT Delhi to launch generative AI centre of excellence

IT major Wipro on Wednesday said it has launched a centre of excellence on generative artificial intelligence in partnership with the Indian Institute of Technology, Delhi. Set up on the premises of the Yardi School of Artificial Intelligence at IIT Delhi, the Centre Of Excellence (CoE) will support applied research in generative AI, according to a statement. Wipro's Chief Technology Officer Subha Tatavarti said the collaboration will enhance their research and development capabilities in emerging areas like generative AI and connect them with a talent pool "for building advanced solutions to address existing and emerging business problems". Wipro CoE teams will jointly work on building innovative solutions using AI, Machine Learning (ML), and other technologies, the company said. Head of the Yardi School of AI at IIT Delhi Professor Mausam said that through the CoE, "our students will gain valuable insight into problems relevant to the industry and learn about their technical ...

Wipro reduces client base to pursue high-margin deals and profitability

India's fourth-largest IT services firm, Wipro, aims for faster profitability ascent by cutting smaller clients and focusing on bigger revenue opportunities

Trouble for new engineering graduates as IT hiring to hit 3-yr low in FY24

The fear of a recession in the US has emerged as a major hurdle for the IT sector. There is also a dearth of new projects which may impact the recruitment of new engineers