At 9:57 AM, the Nifty IT index was trading lower by 2.30 per cent, at 39,612. It touched an intra-day low of 39,465.75 during the session so far.
Kumar, who will report to chief executive Srini Palia, will lead the company's efforts to drive consulting-led, AI-powered growth and guide clients through business and technology changes
IT services company Wipro on Thursday announced that it has been selected by Etihad Airways -- the national airline of the United Arab Emirates -- to lead its comprehensive technology modernisation. Wipro did not divulge the financial details of the five-year contract. "Wipro wins multi-million-dollar deal by Etihad Airways for IT transformation and cost optimisation," the Bengaluru-headquartered company said in a release. Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management. Wipro FullStride Cloud will deliver a customised cloud-based solution that will provide Etihad Airways real-time insights into their resource utilisation and improve operational agility and scalability for their global operations. "Wipro will also integrate Generative Artificial Intelligence (GenAI) modules across the IT framework -- from automation of data centres to conversational supp
Here are the complete details of stocks trading ex-date tomorrow along with their respective corporate announcements
Here are the complete details of companies whose shares will trade ex-date tomorrow, along with their corporate announcements and key details
Here is the complete list of companies whose shares will trade ex-date next week, along with their key corporate announcements as per data available on the BSE
Wipro's current combination of a favourable portfolio mix, new CEO ushering in positive momentum, strong margin performance and inexpensive valuations make for an attractive risk-reward profile
On the weekly chart, Wipro stock has been in a steady uptrend since April 2023, reflecting a sustained bullish trajectory.
Wipro's Q3FY25 net profit rose 24.5 per cent Y-o-Y to Rs 3,350 crore, with a 4.5 per cent Q-o-Q increase. Revenue was Rs 22,320 crore, up 0.5 per cent Y-o-Y and flat Q-o-Q
Wipro beat third-quarter profit estimates and forecast revenue in the current quarter could increase sequentially by up to 1 per cent, compared with no growth last quarter
Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here
Stocks to watch on January 20, 2025: Wipro's Q3 net profit increased to Rs 3,354 crore from Rs 3,209 crore Q-o-Q, while revenue was Rs 22,319 crore, slightly above estimates
TCS and Infosys have also announced plans to hire more freshers in the next financial year
Revenue for the March quarter was marginally up by 0.5 per cent from the year-ago period to Rs 22,320 crore
Wipro Q3FY25 results: The Company has declared an interim dividend of Rs 6 per equity share with a face value of Rs 2 each
According to Motilal Oswal Financial Services, Infosys and LTIMindtree, both companies with a high discretionary tilt, have provided a more cautious view on discretionary-spend recovery
Q3 FY25 company results Jan 17: Wipro, Tech Mahindra, ICICI Lombard, Jio Financial Services, and SBI Life Insurance Company will release their earnings report for the Oct-Dec quarter today
Wipro's Q3 performance is expected to reflect seasonal furlough impacts, client-specific challenges, and currency headwinds
Artificial intelligence (AI) transitioned from a temporary trend to a widespread reality, gaining traction across industries due to its potential to enhance efficiency, generate revenue and create entirely new roles, yet concerns around its use and impact on jobs remained. Gone are the days when it was merely a buzzword; AI has now become an integral part of business strategy across various sectors. But its full impact on jobs is little known and so is the issue of intellectual property, data ownership and its privacy implications, and liability - who is liable if an accident or mishap occurs due to the use of AI. As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees, enhance operational efficiencies, and generate new revenue streams, Wipro CIO Anup Purohit said. "We are working towards a future where AI is integrated seamlessly into everyday operations beyond
IT company Wipro on Monday said it has appointed Ranjita Ghosh as its new Global Chief Marketing Officer (CMO), effective February 1 next year. Ghosh takes the chair from Laura Langdon, who has decided to explore career opportunities outside Wipro, a company statement said. Previously CMO of Wipro's Asia Pacific, Middle East & Africa (APMEA) strategic market unit, Ghosh will now lead all marketing activities for Wipro across its geographies. She will report to the Chief Strategist & Technology Officer Hari Shetty. With about two decades of experience in the global technology services industry, she has held various roles in sales, business development, growth marketing, buyer experience, and ecosystem partnerships. Additionally, she has managed marketing for several high-value portfolios and led teams across North America, Europe, and Asia-Pacific. Shares of Wipro settled at Rs 307.90 apiece on the BSE on Monday, 0.90 per cent higher than the previous close.