Page 39 - Wipro
Wipro shareholders approve up to Rs 9,500-cr buyback plan at Rs 400/share
IT services major Wipro on Tuesday said its shareholders have approved its up to Rs 9,500 crore share buyback plan. Wipro's board of directors had last month approved a buyback proposal for purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore. "...resolution (special resolution seeking approval for buyback of equity shares) has been passed by members through postal ballot by remote e-voting process with requisite majority," the company said in a regulatory filing on Tuesday. The voting, which started on October 18 and ended on November 16, saw 99.78 per cent of the votes being cast in favour of the buyback offer. There was 100 per cent voting in favour of the proposal by the promoters, 98.73 per cent by public institutional shareholders and 98.49 per cent by public non-institutional shareholders. Wipro's larger rival Tata Consultancy Services (TCS) has also proposed a mega Rs 16,000-crore buyback plan at Rs 3,000 per equ
 "Wipro shareholders approve up to Rs 9,500-cr buyback plan at Rs 400/share")
Wipro rejigs structure, operating model under new CEO to broad base growth
The company to have four strategic market units and two business lines
 "Wipro rejigs structure, operating model under new CEO to broad base growth")
Azim Premji tops EdelGive Hurun India Philanthropy list 2020
The preferred cause of India's top philanthropists over the past seven years has been education and 2020 was no different as most of the donations were made for this purpose
 "Azim Premji tops EdelGive Hurun India Philanthropy list 2020")
Wipro's Azim Premji emerges as most generous Indian in FY20: Report
Premji's generosity pulled the total donations up by 175 per cent to Rs 12,050 crore in FY20
 "Wipro's Azim Premji emerges as most generous Indian in FY20: Report")
Stock picks by Nilesh Jain of Anand Rathi: Buy Wipro, ICICI Lombard
The momentum indicator RSI has reversed from its oversold territory and is showing signs of reversal in Wipro
 "Stock picks by Nilesh Jain of Anand Rathi: Buy Wipro, ICICI Lombard")
Marico raises focus on digital brands, eyes more acquisitions after Beardo
Firm has seen share of its e-commerce sales within domestic FMCG business rise to 8% from 5% in one year, thanks to the restricted lifestyle of people
 "Marico raises focus on digital brands, eyes more acquisitions after Beardo")
Book excerpt: Wipro's CEO conundrum and a chronicle of Azim Premji's life
Why have so many otherwise fine CEOs failed to lift the IT major's performance? In their new book, Sundeep Khanna and Varun Sood tell the story as they chronicle Azim Premji's life
 "Book excerpt: Wipro's CEO conundrum and a chronicle of Azim Premji's life")
Stock picks by Nilesh Jain of Anand Rathi: Buy Adani Enterprises, Wipro
The momentum indicator RSI has reversed from its oversold territory and breached its falling trend line on the daily scale in Adani Enterprises
Wipro signs agreement to acquire Encore Theme Technologies for Rs 95 crore
IT services firm Wipro on Wednesday said it has signed a definitive agreement to acquire Encore Theme Technologies- for up to Rs 95 crore.
IT firms to expand localisation drive as US proposes more work visa hurdles
Indian IT firms say workplace-independent model, local hiring will help them meet challenge
 "IT firms to expand localisation drive as US proposes more work visa hurdles")
Wipro, SAP collaborate to help organisations improve productivity
Wipro announced it has entered into an agreement with enterprise application software provider SAP to offer advanced customer-specific content and training assets and boost productivity.
The buyback rush
Firms may not be optimistic about growth prospects
 "The buyback rush")
Nifty IT slips over 3% on profit booking; HCL Tech, Mindtree down over 5%
Thus far in the financial year 2020-21, the IT index has outperformed the market by surging 74%, as compared to a 38% rise in the Sensex till Wednesday.
 "Nifty IT slips over 3% on profit booking; HCL Tech, Mindtree down over 5%")
Wipro: Investors should await growth outperformance, margin gains
Wipro was lagging its peers in the past on the back of muted revenue growth, falling margins, loss of market share in deal renewals and pricing pressures
 "Wipro: Investors should await growth outperformance, margin gains")
HDFC twins, ICICI Bank help Sensex settle 169 pts higher; Nifty tops 11,950
All that happened in the markets today
 "HDFC twins, ICICI Bank help Sensex settle 169 pts higher; Nifty tops 11,950")
Wipro slips 6% on profit booking after Q2 results, buyback announcement
In past one month, Wipro had outperformed the market by surging 28 per cent, against 4 per cent rise in the S&P BSE Sensex.
Focusing on large clients and deals, as opposed to new ones: Wipro CEO & MD
In the manufacturing space, the impact of the pandemic continues, says Wipro MD
Buybacks for FY21 cross last yr's tally after announcements from TCS, Wipro
Change in tax structure leads to revival of share repurchase programmes
 "Buybacks for FY21 cross last yr's tally after announcements from TCS, Wipro")
Wipro board approves Rs 9,500-crore share buyback; revenue up 1.4%
The company is looking at buying 237.5 million equity shares, or 4.16 per cent of its paid-up capital, though the date of the programme has not been fixed.
Top headlines: Wipro Q2 profit dips, GoAir pilots stop P&W engine mid-air
From Wipro reporting decline in Q2 profit year-on-year, Godrej Properties buying land in Bengaluru to J&J pausing Covid vaccine, Business Standard brings you top news of the evening