Analysts believe that investors should look at stocks that hit 52-week lows only if they have a dividend paying track record, are debt-free and have sound fundamentals.
Why the consumer care business is still important to IT major Wipro?
'When it is unpaid, sometimes, they don't take you seriously.' 'Work is not reviewed, and there is no effort in making interns learn.'
Wipro Technologies, the global IT services division of Wipro Limited, signed a licensing and advanced development deal to jointly develop an advanced mobile and remote workforce management system.
Six years ago, the company discovered an incident of embezzlement of about $4 mn by an employee.
Software services major Wipro, which recently hived off its non-IT business into a separate entity, is betting big on the energy vertical as more companies turn to technology-centric methods for exploration and production of natural resources.
It projected first-quarter revenue for its IT services business to be in a range of $1.58 billion to $1.61 billion - a decline of 0.6 per cent to a rise of 1.6 per cent over the previous quarter.
The business environment is positive, with an uptick in demand, in both domestic and international markets.
An ostensible reason for the demerger was the low profitability of the non-IT business, which was a drag on Wipro's bottom line. It accounts for 14 per cent of the company's turnover but only 6 per cent of its operating profit.
Software-to-soap maker Wipro Ltd plans to reduce its greenhouse gas footprint by half in the next five years. The Bangalore-based company with significant interests in IT, would reduce GHG intensity to 2.5 tonnes per employee by 2015, according to the company's second sustainability report released recently. The GHG footprint for the India operations of Wipro's IT business stands at 4.79 tonnes per employee.
Among the Sensex firms, Power Grid, IndusInd Bank, Maruti, Wipro, Tata Steel, JSW Steel, Asian Paints, Mahindra & Mahindra, Reliance Industries and UltraTech Cement were the biggest laggards. Hindustan Unilever, Infosys and Tata Consultancy Services and Bharti Airtel were the gainers.
Wipro Technologies has entered into a strategic technology alliance with business intelligence software company SAS to provide a range of business intelligence applications using the SAS intelligence platform.
Wipro Ltd resolved to allot 2673 equity shares of Rs 2 each for exercise of stock option by eligible employees.
Wipro has announced changes in the management structure of its IT business and expansion of its board. The firm appointed Girish Paranjpe, Suresh Senapaty and Suresh Vaswani to the Board of Wipro Ltd. Wipro also re-structured its IT business by appointing Girish Paranjpe and Suresh Vaswani as joint-CEOs. Paranjpe was the president of the banking, financial services & insurance business unit of the global IT business of Wipro. Suresh Vaswani was the president of Wipro Infotech
Reliance Industries Limited is the country's most valued firm with a m-cap of Rs 9,17,953.13 crore followed by TCS Rs 8,04,980.33 crore.
Diversified company Wipro on Tuesday said it has acquired premium personal care brand Yardley's businesses in the UK and other select European nations for an undisclosed amount.
Wipro Ltd decoded to allot 3225 equity shares of Rs 2 each pursuant to exercise of stock options by eligible employees.
The Chandigarh administration has approved the allotment of 30 acres of land to Wipro Technologies Limited in the second phase of the Rajiv Gandhi Chandigarh Technology Park.
The centre will have secured facilities, labs and infrastructure for customer projects and can grow to provide a capacity of 1000 seats, the company said.
Indian IT services provider Wipro said it is keen to expand its footprint in France as the country offers huge potential for growth and has stepped up its investment in the region.
Company identifies areas like cognitive technologies, artificial intelligence, man-machine interface, robotics
T K has been an integral part of the organisation's leadership for years, says Azim Premji.
Software major Wipro's head of sales (America), Rich Garnick has resigned, the second such exit of a senior executive after the company's high-profile vice-chairman Vivek Paul left the firm a month ago.
Qatar's Doha Bank has said it is keen to engage Indian IT major Wipro to provide software solutions to improve its e-commerce and Small and Medium Enterprises (SME) systems, among others.
The heritage brand's journey from Bond Street to Sarjapur Road will give a facelift to Wipro's fast moving consumer goods portfolio.
Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said. Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said. "On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year.
Its revenue from operations grew 2.5 per cent to Rs 13,977.7 crore
Wipro hires former TCS veteran as Group Prez & COO.
Government auditor CAG has flagged "undue favour" to Wipro Ltd by UIDAI.
From the Sensex basket, Titan, Reliance Industries, Asian Paints, Tech Mahindra, IndusInd Bank, UltraTech Cement, Wipro and ITC were the major laggards. ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, Nestle and Mahindra & Mahindra were among the major gainers.
In a bonanza to its shareholders, country's third largest IT firm Wipro on Thursday said it will buyback up to four crore shares worth around Rs 2,500 crore (Rs 25 billion).
Wipro currently has operations in Chengdu and Shanghai, where it employs 305 people. The ramp-up will boost the company's headcount in China to over 3,000, according to Anil Bhardwaj, secretary-general, Federation of Indian Small and Medium Enterprises, who addressed reporters in Bangalore on Monday.
Analysts, on average expected a profit of Rs 2183 crore or Rs 21.83 billion, according to Thomson Reuters data.
Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
Wipro Infotech on Thursday launched a new SuperGenius range of desktops based on Intel Pentium 4 processor with Hyper-Threading on high-volume 90-Nanometer manufacturing technology.
Wipro Technologies has entered into a strategic alliance with Magnasoft to provide global information system (GIS)-based fleet management solutions for the transportation sector.
From the Sensex basket, Power Grid, Asian Paints, Tata Motors, Tata Steel, NTPC, Sun Pharma, Mahindra & Mahindra, HDFC Bank, Tata Consultancy Services and JSW Steel were among the major gainers. Kotak Mahindra Bank, Bharti Airtel, Axis Bank, Wipro, ICICI Bank and IndusInd Bank were among the laggards.
Wipro's clients currently include over 100 US payers, healthcare providers, and public health agencies.
