The media group owes Wipro $9.9 million after the latter won an arbitration award
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The partnership will deliver faster cloud migration tied to business outcomes
A survey conducted by staffing firm Xpheno found that the proportion of women employees increased 6.5% at the top IT companies in FY23
The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route
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Wipro net dips 0.4% in Q4, guides for revenue contraction in current quarter
Net profit for the full year FY23 dipped 7.16 per cent to Rs 11,366.50 crore
IT services firm initiated a similar programme in 2020 worth Rs 9,500 crore
The IT major also approved a share buyback for 2.69 crore shares at Rs 445 per share
CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649
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Wipro Q4FY23 preview: As per an average of brokerage estimates, the company could report an average of Rs 23,586 crore of revenue, up 12-13.2 per cent year-on-year (YoY)
The firing spree was not limited to back-office jobs and affected big tech companies, including Amazon, Meta, Microsoft, and Google parent Alphabet, among others
In past one year, Wipro has underperformed the market by falling 29%, as compared to 6% rise in the S&P BSE Sensex.
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Indian IT services players have been using the buyback route in the recent past
The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion of the board meeting on April 27
Demand perspective for consumer products in the market has improved a little bit but challenges still persist and a good monsoon can help see a better second half of the year in smaller towns and rural areas, said Wipro Consumer Care and Lighting CEO Vineet Agrawal. The company is also not unduly perturbed by the entry of Reliance in the FMCG segment as consumer preferences are very strong in the segment with very strong brand loyalty, said Agrawal who is also the Managing Director of Wipro Enterprises. Growth from smaller towns and rural areas continues to be a challenge for FMCG players, though the situation is improving, he said. From the demand perspective, the market has improved a "little bit but it is still a challenge", Agrawal told PTI. "It's not like the good old pre-Covid era and I think smaller towns and rural areas are still a bit of a challenge but things are improving. Hopefully, if the monsoon is good, we will see a better second half. Fortunately, the cost prices h
To expand and further consolidate its spices, breakfast and ready-to-cook category