Page 9 - Wipro

Wipro stock price rises over 3% on inking pact with Dell Technologies

The uptick in the Wipro stock price came after the company announced that it is expanding its collaboration with Dell Technologies to bring the Dell AI Factory to Wipro's Enterprise AI-Ready Platform.

Stocks To Watch Today, Aug 28: SBI Cards, Wipro, Vi, Jio Fin, Orient Tech

At 6:52 AM, GIFT Nifty Futures fell 10 points, trading at 25,008, indicating a flat to negative start for Indian markets.

Wipro, Dell Tech expand partnership to integrate AI enterprise solutions

IT major Wipro on Tuesday said it has expanded its partnership with Dell Technologies to integrate their AI enterprise solutions and provide enterprises best-in-class technology and the latest in chip designs. The collaboration will allow enhanced cost control and risk mitigation while providing enterprises with access to the best-in-class technology, accelerating the adoption of AI across cloud, data centre and edge environments, a regulatory filing said. "Wipro's Enterprise AI-Ready platform will leverage the Dell AI Factory with NVIDIA, including Dell validated designs for generative AI, bringing GenAI processing power to data without extensive upfront investment. "The Wipro AI Control Center, an advanced orchestration layer that resides on the Wipro Enterprise AI-Ready platform and enables a seamless infusion of AI for IT and business, will now provide enhanced throughput from the Dell infrastructure," the filing said. This will support the safe, responsible, and sustainable ..

Wipro extends relationship with John Lewis Partnership for 4 years

As part of this engagement, Wipro FullStride Cloud will extend JLP's current cloud infrastructure, network, and end-user services for another four years

Cloud adoption surpassing AI; investments on rise, finds Wipro report

Cloud adoption in India is surpassing artificial intelligence adoption as more than half of the organisations surveyed plan to increase investment in cloud, IT major Wipro said in a report. The Pulse of Cloud: Quarterly Report July 2024 by Wipro FullStride Cloud drew insights from over 500 senior executives and decision-makers at medium large-scale enterprises across North America, the UK, Germany, France and Switzerland between May and June 2024. "A majority of organisations (55 per cent) report that their cloud adoption is ahead of their AI adoption, while 35 per cent say they are moving at the same pace with both technologies. "54 per cent of organisations plan to increase hybrid cloud investment and 56 per cent plan to increase investment in public cloud," the report said. Only 10 per cent of the respondents surveyed reported that their AI adoption is outpacing the cloud. "At Wipro, we see cloud economics as an intelligent management strategy that can better manage costs as ..

Subdued discretionary spending to hit India's IT services growth: Report

The latest Fitch Ratings report says that the long-term growth of India's IT services sector will be supported by client spending on digital transformation, cloud migration, and AI

Top-level exits continue in Wipro as CTO Subha Tatavarti steps down

In another high-level exit at IT major Wipro, its Chief Technology Officer Subha Tatavarti has resigned to pursue opportunities outside the company. Tatavarti joined Wipro in April 2021 as the technology head under the then-CEO and MD Thierry Delaporte. During her three-year stint, she led Wipro's GenAI initiatives and introduced Wipro ai360. "Subha Tatavarti, Chief Technology Officer, resigned from the services of the Company to pursue opportunities outside Wipro," a regulatory filing said on Monday. Before joining Wipro, she led different roles at Walmart and PayPal, among others. She was recognised in "Top 100 Executive Women in Tech to Watch" earlier this year by the WomenTech Network. "I am resigning from the post of CTO, Wipro, effective August 16th. Good luck with your journey," Tatavarti wrote in her resignation letter to Wipro CEO Srini Pallia. This is the fourth top-level exit in the last 4 months after Pallia joined the Bengaluru-based firm in April, following Delaporte

Wipro CTO Subha Tatavarti resigns to pursue opportunities outside company

Choudhary's resignation came after the Asia Pacific, India, Middle East, and Africa chief executive, Anis Chenchah, resigned. Both these leaders had joined Wipro from Capgemini

Wipro expands partnership with Google Cloud to adopt AI tech Gemini

Wipro integrates Gemini models within its FullStride Cloud Studio Platform, and enables its associates on Google Cloud's latest GenAI tools

Wipro, Coforge among firms with highest paid IT CEOs in FY24: Check list

Coforge CEO Sudhir Singh's annual remuneration in FY24 stood at Rs 105.12 crore, positioning him at the second spot after Wipro's former CEO Thierry Delaporte

Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics

Wipro Hydraulics, part of homegrown Wipro Infrastructure Engineering, on Thursday said it has acquired the US-based Columbus Hydraulics to strengthen its presence in North American market. The company did not disclose the transaction value. The entity has been acquired to strengthen presence in the North American market, Wipro Infrastructure Engineering said in a statement. Wipro Infrastructure Engineering said it has acquired 100 stake in Columbus Hydraulics through its hydraulics cylinder manufacturing business Wipro Hydraulics. Post acquisition, Columbus Hydraulics will become a wholly-owned subsidiary of Wipro Infrastructure Engineering. Pratik Kumar, CEO, Wipro Infrastructure Engineering, and Managing Director, Wipro Enterprises, said, "This acquisition strengthens our position and enhances our manufacturing capabilities in North America. By integrating Columbus Hydraulics' expertise in customized hydraulic solutions, we aim to provide even more comprehensive offerings to our

Ambani, Bajaj, Birla collectively hold $460 bn, equating to Singapore's GDP

India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.

India's top 5 IT firms continue headcount decline for 7th straight quarter

In the first quarter of FY25 ending June 30, the total number of employees at Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra fell by 2,034 compared to the previous quarter

Wipro fails to show revival signs; may underperform peers, say analysts

Shares of Wipro plunged up to 8.79 per cent at Rs 508.25 per share on the BSE in Monday's intraday trade

Wipro plans to hire 10,000-12,000 freshers from campuses in FY25

Wipro joins other large IT services firms, which also announced plans to visit engineering campuses to hire freshers, as utilisation hits an all-time high and demand in some biz shows improvement

Wipro's stock slips ahead of Q1FY25 earnings; check what analysts expect

Wipro is expected to see a tepid June quarter with revenues estimated to slide on a year on year basis and net profits seeing a marginal rise

AI reshaping industries, 'cornerstone' of business strategy: Rishad Premji

Wipro has made 'human interactions' core of AI development, says chairman of IT service company

Wipro Q1 preview: Cost control to aid profit; top brass attrition in focus

Wipro may see a revenues in the range of Rs 22,195 crore to Rs 22,409 crore for Q1, a fall 1-3 per cent year-on-year (YoY)

How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro

IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.

Cognizant settles CFO lawsuit with Wipro; pays Rs 4 crore in settlement

The settlement resolves all pending disputes between Dalal and Wipro, said the company in a statement