Page 4 - Wipro

Suzlon promoters sell 1.45% stake; Lalithaa Jewellery files for IPO

Wipro shares worth ₹5,058 crore got traded among the promoter group entities under the block deal window on Monday

Wipro promoter entities swap 1.93% stake valued at over ₹5,000 crore

About 20.23 crore shares of Wipro, amounting to a 1.93 per cent stake, were exchanged among promoter group entities through open market transactions on Monday, according to exchange data. Wipro shares rose by 1.09 per cent to close at Rs 251.30 on BSE. The stock closed 1.26 per cent higher at Rs 251.72 apiece on the National Stock Exchange (NSE). According to the block deal data available with the NSE, promoter entity Azim Premji Trust offloaded 20.23 crore equity shares or 1.93 per cent stake in Wipro. The transaction, valued at around Rs 5,057 crore, was executed at an average price of Rs 250 per share. Meanwhile, Premji Invest through its arm Prazim Trading and Investment Company Pvt Ltd, Hasham Traders and Prazim Traders bought these shares at the same price. Prazim, Zash and Hasham Traders are part of Wipro's promoter group. In November last year, Premji Invest through Prazim Trading and Investment Company purchased 8.49 crore shares or 1.6 per cent stake in Wipro for Rs 4,75

Wipro opens Riyadh HQ, partners with PMU to boost Saudi tech talent

Wipro has shifted its regional headquarters to Riyadh and signed a pact with Prince Mohammad Bin Fahd University to launch a tech centre supporting Saudi Vision 2030

Tata Memorial Centre ties up with Wipro GE to set up cancer research centre

Tata Memorial Centre has tied up with Wipro GE HealthCare Technologies Inc to establish a Cancer Research & Innovation Centre. The collaboration aims to strengthen clinical research and academic engagement activities with the establishment of a 'Joint Working Group' to determine key project areas and a collaboration roadmap for the next five years, Tata Memorial Centre (TMC) said in a statement. "The government is adopting a strategic, policy-driven approach to fight cancer with the establishment of daycare centres, expansion of cancer care ecosystem, promoting cancer screenings and awareness programmes. However, early detection, equitable access and preventive care remain a challenge," Tata Memorial Hospital Director CS Pramesh stated. With Wipro GE HealthCare, TMC aims to enhance clinical research and promote academic engagement to transform personalised cancer care for improved outcomes cancer care, he added. "With this partnership, we strengthen our commitment to connect ...

Wipro pays out 90% quarterly variable pay to most of its employees

That is significantly higher than cross town rival Infosys whose variable pay for the same period was about 65 per cent due to a muted business environment

AI adoption accelerates when proper data plan is in place: Wipro CTO

Wipro has been doing AI for a long time but with the acceleration of generative artificial intelligence (Gen AI), says Arun

Wipro launches global 'Innovation Network' to boost AI-led collaboration

Wipro has come up with a global Innovation Network to drive AI-led collaborative innovation to help its clients explore emerging technologies like quantum computing and agentic AI

IT stocks shine: Nifty IT rises 2% as US Federal court blocks Trump tariffs

IT stocks jumped in trade after a US federal court on Wednesday (local time) blocked President Donald Trump from imposing broad tariffs on imports under an emergency-powers law.

Wipro warns tariff hikes, immigration curbs, trade war may hit growth

Wipro said it derives over 62 per cent of its revenue from US clients and around 27 per cent from Europe

Changes in tariffs, US immigration policies may negatively hit biz: Wipro

IT firm Wipro has cautioned that escalations in tariffs and trade policies of "certain countries with large economies", and changes in US immigration laws may negatively hit its revenues and business. In its annual report for FY25, Wipro noted that ongoing global trade tensions and evolving regulatory environments pose significant risks to its operations, particularly as the company relies heavily on international markets for growth. "Our revenues are highly dependent on clients primarily located in the Americas (including the US) and Europe, as well as on clients concentrated in certain industries; therefore, an economic slowdown or factors that affect the economic health of the US, Europe or these industries would adversely affect our business," Wipro said. The USD 280 billion company, which derives 62.3 per cent of its revenue from US clients, and 27 per cent from Europe, acknowledged its vulnerability to economic and policy shifts in these regions. "If the economy in the Americ

Rishad Premji's pay doubles to $1.6 mn, still less than Wipro CEO's

Wipro Executive Chairman Rishad Premji's remuneration more than doubled to USD 1.6 million (about Rs 13.7 crore) but was still less than company CEO Srinivas Pallia's earnings of USD 6.2 million (about Rs 53.64 crore) in the fiscal year ended March 31, 2025, according to the company's latest annual report. Premji, in the fiscal year 2023-24, did not take any commission since the company's incremental consolidated net profit for the year was negative, and took a pay cut of about 20 per cent with a salary of USD 769,456 (about Rs 6.4 crore). However, during the 2024-25 fiscal year, with the Bengaluru-headquartered firm reporting an 18.9 per cent rise in net profit to Rs 13,135.4 crore, Premji's remuneration more than doubled to USD 1.6 million (about Rs 13.7 crore) in FY25, from USD 769,456 (about Rs 6.4 crore) in FY24, Wipro's 20-F filings with the US Securities and Exchange Commission showed. Srinivas Pallia, who assumed the role of CEO and Managing Director on April 7, 2024, receiv

Wipro announces digital transformation partnership with Hachette UK

Wipro will modernise Hachette UK's IT systems with SAP S/4HANA to boost efficiency, agility, and help the publisher adapt quickly to changing market needs

Nifty IT index soars 6%, sees sharpest intra-day rally since April 2020

Infosys, Coforge, Persistent Systems, LTIMindtree and Oracle Financial Services Software from the Nifty IT index have rallied between 7 per cent and 8 per cent.

Wipro ropes in ex-Goldman Sachs exec Sandeep Dhar to lead GCC business

Dhar joins Wipro to head GCC practice, combining AI and consulting to help global firms scale innovation hubs as part of broader strategy to revive growth under Srini Palia

Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure

In a BSE filing, Wipro said that the partnership will focus on consolidating Vorwerk's business applications, infrastructure, and cybersecurity into a unified monitoring platform

'No bulk hiring anytime soon' as IT companies navigate tricky ground

TCS and Infosys did most of the net hiring in the last financial year, followed by Tech Mahindra while Wipro added very few people

IT companies using AI, GenAI to reduce client costs as budgets squeeze

This marks a shift in how cost savings are achieved in traditional IT projects, popularly known as the run-side

TCS, Infosys, Wipro: Should you buy IT stocks post Q4FY25 results?

Technical charts suggest that IT major shares - Infosys, TCS and Wipro can potentially bounce back up to 18% from present levels; here are the key levels to watch out for.

Wipro Q4 FY25 results: Net profit up 25.9% to Rs 3,570 cr; misses estimates

CEO Srinivas Palia blames tariff war and macro woes for revenue slide

IT major Wipro to remain cautious on fresher hiring in this fiscal

Voluntary attrition rose to 15 per cent from 14.2 per cent a year earlier