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Wipro Ltd on Monday announced four strategic global business lines as it looks to deepen alignment with clients' evolving business needs and tap emerging opportunities in high-growth segments of the market. The new model sharpens focus on strategic growth areas of cloud, enterprise technology and business transformation, engineering, and consulting, Wipro said in a release. The changes will be effective from April 1, 2023. "Wipro Limited today announced four strategic global business lines to deepen alignment to clients' evolving business needs and capitalise on emerging opportunities in high-growth segments of the market," the company said. Wipro Managing Director and CEO Thierry Delaporte said the company is now doubling down on its strategic bets to take growth to its next phase. "Our transformation journey over the past three years has yielded outstanding growth for our business. So much that we have outgrown the two-business line model that we had set at the beginning of our
Kohli was the president of Wipro's Integrated Digital, Engineering, and Application Services Business Line (iDEAS), and led a team of over 100,000 employees
Wipro's salary cut at the fresher level is perhaps the first ever instance in the industry
On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA
Candidates offered annual salary of Rs 6.5 lakh asked if they will take up projects for Rs 3.5 lakh
According to the technical analyst from Anand Rathi, Persistent Systems can advance to Rs 5,250; while Wipro may see faster momentum above Rs 414.
Wipro has proposed to pay 87 per cent of the variable pay component to over 80 per cent of its workforce, according to a communication in the company's internal email
IT firms across the globe have taken steps to optimise costs in the current uncertain economic environment
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Industry players said IT hiring was not as strong as it was in 2022
The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed
This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago
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Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23
According to the technical analyst from Anand Rathi, BPCL and Wipro can pullback to Rs 270 and Rs 430, respectively.
Tata Consultancy Services, Wipro, Infosys and HCL Tech- reported a combined net addition of 1,940 employees in the quarter that ended December 2022
CLOSING BELL: IT majors Tech M, HCL Tech, Infosys, Wipro and TCS were the top Sensex winners, which gained up to 3 per cent
Stocks to Watch today: Wipro, after market hours on Friday, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, an increase of 2.8 per cent year-on-year (YoY)
Top IT players Q3 reports show resilience in strategy, beat macro uncertainty