Page 17 - Wipro

Midcap IT services company Mphasis appoints Ayaskant Sarangi as CHRO

Before joining Mphasis, Sarangi served as CHRO at Wipro Enterprises, where he led human resources functions

Wipro to acquire majority stake in Italy-based Ferretto Automation

Wipro Enterprises' industrial automation business Wipro Pari will acquire a majority stake in Italy-based Ferretto Automation & Services for an undisclosed amount. Wipro Pari, part of Wipro Infrastructure Engineering, has signed a definitive agreement to acquire a "significant majority share capital" of Ferretto Automation & Services, according to a joint statement. Ferretto Automation & Services is a subsidiary of Ferretto Group based in San Polo-Reggio Emilia. The financial details of the deal were not disclosed. "Ferretto Group continues to hold a minority participation in the project; Riccardo Ferretto will be the Chairman and Managing Director of the new company and will be responsible for the overall business activities," the joint statement said. Ferretto Automation & Services specialises in the design and manufacture of automated storage systems. It manufactures a full range of state-of-the-art intra-logistics automation solutions for all storage (ASRS ...

Wipro to roll out merit salary increases, effective by December 1

Wipro delayed the announcement by a quarter reportedly due to macro headwinds and margin pressure

Indian IT companies turn cautious as tensions escalate in West Asia

In Israel, Bengaluru-based firm Wipro has about 80 employees, all of whom are nationals of that country

As business from West takes a hit, Indian IT firms explore African market

As things stand, the African continent holds a relatively small share of less than five per cent in the global IT outsourcing

End of Work-from-home: IT cos nudge employees to prepare for 5-day office

The French IT company, Capgemini's employees have been asked to work from the office two days a week

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack

Cognizant appoints Wipro's Jatin Dalal as its next chief financial officer

Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer (CEO), who joined the company last October

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