Page 26 - Wipro

Wipro plans to establish European Works Council for its employees

IT company Wipro has reached an agreement with employee representatives on setting up a European Works Council, the company said on Wednesday. The creation of an EWC follows a request by employees under an EU directive establishing the opportunity in companies with more than 1,000 employees across multiple European locations. "Wipro's EWC agreement was successfully negotiated with employee representatives from 13 different countries before being formally signed on September 15," Wipro said in a statement. European works councils (EWCs) are standing bodies that facilitate the information and consultation of employees in Europe and provides an opportunity to employees of the company to be informed and consulted on the transnational companies strategy and status. "Wipro's EWC is the first to be established by an Indian headquartered company and builds upon a number of years of successful, constructive working with Works Councils at local and national level across several European ...

Background checks and more: How IT companies are detecting moonlighting

IT firms are increasingly resorting to background verification firms for additional checks on employees for moonlighting, says report

Top IT services firm hit the pause button on hiring amid weak earnings

However, fears of an impending recession and declining profitability have together contributed in the change of mood for these IT services companies, along with their approach

Growing unemployment: Battle of two parallel realities

The duality between the ground reality of tangible unemployment and the perception created by events like "rozgar melas" will likely continue till the next general election

Tirupati richer than Wipro, Nestle, ONGC; net worth over Rs 2.5 trn

Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC. Tirumala Tirupati Devasthanams, keeper of the temple dedicated to Tirupati's presiding deity, for the first time since its founding in 1933 declared its net worth. Its assets include 10.25 tonnes of gold deposits in banks, 2.5 tonnes of gold jewellery, about Rs 16,000 crore of deposits in banks, and 960 properties across India. All these total to over Rs 2.5 lakh crore. At current trading price, the networth of Tirupati temple is more than several blue-chip Indian firms, according to stock exchange data. Bengaluru-based Wipro had a market cap of Rs 2.14 lakh crore at close of trading on Friday, while UltraTech Cement had a market value of Rs 1.99 lakh crore. Swiss multinational food and drink major Nestle's India unit, with a market ca

Wipro announces appointment of Amit Choudhary as chief operating officer

Wipro Limited announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and member of the Wipro Executive Board

Stocks to Watch: Wipro, Dalmia Bharat, JK Cement, HDFC, Rail Vikas Nigam

Stocks to Watch today: Wipro has launched a new financial services consulting capability in India named Capco

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

Moonlighting is a conflict of interest, says IBM to its employees

IBM has asked its employees to refrain from engaging in a second job or gig in any capacity and has declared it as against the company contract

Stocks to Watch: Axis Bank, ITC, Asian Paints, Bajaj Finance, YES Bank, RIL

Stocks to Watch: The Competition Commission of India (CCI) has approved Carlyle Group and Advent International's acquisition of up to 10 per cent stake each in YES Bank

Wipro appoints Suzanne Dann as CEO for Americas 2 Strategic Market Unit

In her new role, Dann will focus on increasing bookings, large deal signings, and revenue in high-growth strategic areas.

Fired a senior employee in 10 mins for integrity violation: Rishad Premji

Wipro Chairman Rishad Premji on Wednesday revealed that one of the organisation's top 20 staff members was shown the door in connection with huge integrity issues

Indian IT companies cut hiring amid US, Europe recession fears: Report

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%

CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .

Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance

Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter

Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI

Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23

Wipro's secret of reducing attrition: Quarterly promotions, salary hikes

On delay in onboarding freshers, the company said that it will honour every hiring offer it has made

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

The glare on moonlighting: It needs creative solutions

The underlying principle of using carrot rather than sticks may work better in tackling a problem that the IT biggies cannot wish away