Page 18 - Wipro

Attracted by govt support, Alcatel-Lucent hunts partners to Make-in-India

The company said that they not only want to make products for India but also plan to manufacture to export

Wipro extends closing date for Rs 12,000 crore-share buyback to Jun 30

IT company Wipro on Tuesday said it has extended the closing date for its Rs 12,000 crore-share buyback programme by a day to June 30. The last date was June 29. "On account of change in working day from June 29, 2023 to June 28, 2023, Sebi vide its e mail dated June 27, 2023 has allowed extension in the tendering period by one working day. "Accordingly, the buyback closing date will be Friday June 30, 2023 instead of Thursday, June 29, 2023," Wipro said in a regulatory filing. The company's board had approved a proposal to buyback up to 26,96,62,921 equity shares, being 4.91 per cent of the total paid-up equity shares, for an aggregate amount not exceeding Rs 12,000 crore at a price of Rs 445 per equity share.

Accenture's lowered guidance spells more trouble for IT sector: Analysts

Brokerages have maintained a cautious to negative stance on the Indian IT sector given Accenture's muted deal bookings, lagging demand in key verticals, and emerging pricing pressure

Wipro opens new office in Cape Town, deepens presence in South Africa

Wipro Ltd has inaugurated its new office at Sable Park, Century City, in Cape Town, as the IT services company underlined its commitment to clients in the region. Wipro has been present in Africa since 2007, supporting enterprises and public sectors in their digital transformation to be globally competitive. Wipro also has a strong commitment towards local communities, as it continues to build a strong local talent pool with diverse skill sets and make strategic investments that will better serve clients, the company said in a statement. Africa is one of the six focus regions that comprise Wipro's APMEA Strategic Market Unit. Anis Chenchah, Chief Executive Officer - Asia Pacific, Middle East and Africa (APMEA) of Wipro and Member of the Wipro Executive Board, termed the inauguration of the new office as a significant milestone for Wipro. "This new office will help us better address the requirements of the growing client base in the region and provide interesting opportunities to th

At Wipro, future hikes to depend on upskilling, reskilling, says HR boss

Saurabh Govil has stated that niche skills such as generative AI and cybersecurity will be important for employees

Top-deck Indian IT companies need to rightsize bench size: Experts

To address this challenge, IT services companies can prioritise rightsizing their bench strength

Wipro launches innovation experience for financial services with Microsoft

Microsoft and Wipro will develop new solutions to help financial services clients accelerate growth and deepen client relationships

Wipro VisionEDGE to power Bowling Center TV's new digital network

Wipro VisionEDGE, BCTV represent a significant breakthrough in the digital signage and out-of-home industry, enabling targeted customer engagement

Wipro shareholders approve Rs 12,000 cr share buyback at Rs 445 apiece

IT company Wipro shareholders have approved a share buyback programme worth Rs 12,000 crore, according to a scrutinizer report released on stock exchanges on Monday. The Wipro board had approved the buyback of 26.96 crore equity shares at a price of Rs 445 apiece. According to the Scrutinizer's report on the special resolution by way of postal ballot and e-voting process, 99.9 per cent voted in favour of the share buyback resolution. "The Chairman noted the results of voting as stated above and it was declared and recorded that the special resolution as set out in the Notice of Postal Ballot dated April 27, 2023, was duly passed by the shareholders on June 01, 2023, with requisite majority," the report said. The e-voting period commenced at in the morning of May 3 and ended at 5 pm on June 1. The Board of Wipro had approved a proposal to buyback up to 26,96,62,921 equity shares, being 4.91 per cent of the total paid-up equity shares of the company for an aggregate amount not ...

Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC

Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning

Top 4 IT companies see 40% drop in large client additions in FY23

Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients

Wipro chairman Rishad Premji's compensation down 50% as profits fall

If one has to take the Covid period as an example, several senior executives and managers have taken pay cuts

Nifty IT index reclaims 200-DMA; what does this mean for IT stocks?

So far this year, Persistent Systems is the top contender surging close to 30 per cent, while Infosys remains as the top loser, plunging 14 per cent.

Infosys rolls out a 60% average variable payout; Wipro's at 80.2%

IT company Infosys has decided to roll out a 60 per cent average variable payout for its employees for Q4 FY23, while for Wipro the payout stands at 80.2 per cent, according to sources. In an internal communication to employees, Infosys said that the Performance Bonus recommendation for Q4 FY2022-23 has been completed, and the payout is scheduled to take place in May 2023 payroll. Infosys' average payout stood at 60 per cent for Q4 FY23, according to a source. For Wipro, the variable payout for the fourth quarter of FY23 is at 80.2 per cent, a person familiar with the development said. An e-mail sent to Infosys went unanswered, and Wipro declined to comment. It is pertinent to mention that the Q4 scorecard and outlook given by several IT companies missed street estimates amid global uncertainties, and market watchers expect the next few quarters to be choppy given the prevailing customer sentiments across BFSI, technology services and certain other verticals, particularly in the U

Wipro Share Buyback: Here's how retail investors can benefit

Wipro has approved a Rs 12,000 crore share buyback at Rs 445 per share. Currently, the stock trades at a 16 per cent discount to the buyback price.

Wipro enters into a five-year business partnership with ServiceNow

The agreement expands on the two companies' existing partnership and is expected to help accelerate Wipro's goal of building a $1 billion business with ServiceNow by the end of 2026

Wipro is largest unsecured creditor of crisis-hit Vice Media, says report

The media group owes Wipro $9.9 million after the latter won an arbitration award

Stocks to Watch today, May 16: RIL, Adani Ent, HDFC, Airtel, BoB, IOC

Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23

Wipro FullStride Cloud Studio inks partnership with Google Cloud's RaMP

The partnership will deliver faster cloud migration tied to business outcomes

IT firms hired more women in 2022-23, 6.5% growth registered: Survey

A survey conducted by staffing firm Xpheno found that the proportion of women employees increased 6.5% at the top IT companies in FY23