Page 26 - Wipro

Accenture's outsourcing guidance bodes well for big Indian IT cos: Analysts

Analysts underscored that Accenture's August quarter (Q4FY22) results reflected softening of demand for IT services, and thus remain 'cautious' on the sector

Moonlighting: No blanket ban in India though several laws frown upon it

The Factories Act is one such, but its provisions don't apply to firms that don't run a factory; many states have their own laws on the matter

Stocks to Watch: Wipro, SBI, Reliance, SpiceJet, PNB, Sugar, Asian Hotels

Stocks to Watch Today: In the F&O space, Ambuja Cements, Can Fin Homes, Delta Corp, Escorts, PVR and RBL Bank are in F&O ban period on Thursday.

Moonlighting gets 300 employees at Wipro the pink slip: Rishad Premji

Rishad Premji says moonlighting is a 'complete violation of integrity in its deepest form'

Top headlines: DGCA extends curbs on SpiceJet; Wipro fires 300 employees

The Cabinet on Wednesday approved the national logistics policy, which aims at reducing transportation cost and improve global performance of the sector.

Wipro fired 300 staff found working with rivals at same time: Rishad Premji

Wipro Chairman Rishad Premji on Wednesday said the company had found its 300 employees worked with one of its competitors at the same time, and added that action was taken in such cases by terminating their services. Premji asserted that he stands by his recent comments on moonlighting being a complete violation of integrity "in its deepest form". "The reality is that there are people today working for Wipro and working directly for one of our competitors and we have actually discovered 300 people in the last few months who are doing exactly that," Premji said speaking at AIMA's (All India Management Association) National Management Convention. Asked about the action taken again employees who were found to be working parallely for the company as well as for rivals, Premji, on the sidelines of the event, said that their employment had been terminated for "act of integrity violation". The definition of moonlighting itself is about having another job secretively. As part of transparen

Moonlighting not ethical: IBM India's Patel joins IT industry debate

Wipro's leader Rishad Premji and Infosys have warned against practice before

Goldman cuts Infosys, TCS to 'sell' on looming slowdown, upgrades Wipro

Goldman said it remains 'more sanguine' on EBIT margin forecasts than on revenue of IT firms, given multiple levers such as higher employee utilisation, controls on variable pay and annual wage hikes

Wipro, Prestige, Eco Space: Big names on list of encroachers in Bengaluru

The list was made by the state government, after severe flooding in the parts of Bengaluru, to find the names of buildings that have closed nearly 700 drains in the city

Freshers take to social media as IT companies delay onboarding process

The IT companies, including Wipro, Infosys, and HCL have, however, stated that all the offers made will be honoured

DoT's interministerial committee makes headway in developing 5G use cases

The DoT is directing the inter-ministerial committee to explore the incorporation of the benefits of 5G technology into public infrastructure.

Will margin pressures end the Indian IT sector's glory days?

Indian IT companies are experiencing margin pressure. This has forced leading IT firms to reduce or withhold employee bonuses. How long will IT companies face this pressure? Is there a solution to it?

Falling margins, high attrition, moonlighting causing trouble for IT sector

Wipro, one of the four IT majors in India, announced that it will withhold the variable pay of mid, and senior-level employees for the June qtr (Q1FY23) due to poor financial health

Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500

F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC

Slowdown in hyper-scalers could impact the revenue of the IT companies'

Major IT companies in India including Tata Consultancy Services (TCS), Wipro, Infosys and HCL earn nearly 50 per cent of their revenue from digital solutions supported by hyper-scalers like AWS, Azure

Stocks to watch: TCS, Wipro, Future Ent, IDBI Bank, Adani Green, ONGC, NHPC

Stocks to watch today: Canara Bank plans to raise up to Rs 3,500 crore through tier II bonds; TCS clarified that it would pay 100 per cent of variable payout in the June quarter of FY23.

Sensex drops 652pts, Nifty near 17,750 as growth concerns weigh; banks sink

CLOSING BELL: The broad-based sell-off was led by financials including IndusInd Bank (down 4 per cent), Bajaj twins, SBI, ICICI Bank, Kotak Bank, and HDFC duo

Wipro bags deal from UK government treasury, to deliver service integration

IT company Wipro Limited has bagged a multi-year contract to deliver service integration and management services to the UK government treasury. The service will enable seamless integration of IT services across multi-functional suppliers and partners, enhancing the user experience across HMT and its arm's length bodies, according to a statement on Thursday. Wipro and Her Majesty's Treasury (HMT) will collaborate to enable end-to-end SIAM (Service Integration And Management) services, from strategy, design, and implementation to running business-as-usual services such as day-to-day coordination of service integration across HMT's vendors. "I am looking forward to working with Wipro in shaping and delivering the next generation of IT services at HM Treasury. This new partnership will support the department by improving end-to-end IT services by delivering more responsive services for our users," HM Treasury Chief Information Officer Huw Stephens said. Manager Director for UK and Irel

Wipro holds back employees' variable pay due to pressure on margins

IT company Wipro has held back variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain and investment in technology, according to sources

Here's why Mehul Kothari expects NMDC, Wipro to gain in the near term

According to the technical analyst from Anand Rathi, NMDC can rally to Rs 124, while Wipro can surge to Rs 477-odd level.