Domestic IT company Wipro Technologies and global networking company Cisco are eyeing $1 billion revenue from their strategic alliance for developing and delivering IT services solutions in the global market. The partnership aims at $1 billion revenue over the next three years, said John Chambers, chairman and CEO of the $35 billion California-based company
Wipro is planning to recruit 9,000 infotech professionals this year to meet manpower needs of its computer software services and business process outsourcing activities.\n\n\n\n
India's leading software company, Wipro Limited, on Wednesday said it was looking at setting up an offshore business process outsourcing centre in one of the Asia-Pacific countries.
According to the tender offer, about 20.456,524 shares - representing about 100 per cent of issued and outstanding shares of Infocrossing -were validly offered and subsequently acquired by Wipro when the offer expired on September 17.
Bharti Airtel was the biggest gainer in the Sensex pack, rising 2.37 per cent, followed by Mahindra & Mahindra, HCL Tech, Tata Motors, Tech Mahindra, HDFC Bank, Wipro, Tata Consultancy Services, Axis Bank and Nestle. Asian Paints, Hindustan Unilever, Bajaj Finserv and NTPC were among the laggards.
'Companies are coming to the campuses, and we have companies booking their slots for the placement season, but the overall number of companies signing is low, and the hiring numbers are also lower.'
Bangalore-based software giant has teamed up with eminent cartoonist Mario Miranda to create an advertising campaign that will light up its recruitment brand. The Goa-based cartoonist will educate potential recruits about Wipro through his characters.
In an effort to slash hiring and increase efficiency, Wipro Technologies, one of the leading IT companies in the country, is training its employees to turn into a multi-skilled workforce.
'It is a sign of a bigger problem which is coming in the next six months.'
The acquisition will be conducted through a tender for all the outstanding shares of Infocrossing, followed by a merger of Infocrossing with a Wipro subsidiary.
According to analysts, the first two quarters are usually dull for the company historically, hence growth will be higher in the subsequent two quarters. If Wipro Infotech achieves the $1 billion mark, it would make Wipro the first Indian company to touch the figure through its largely domestic market-focussed arm. It derives about 90 per cent of its revenue from India.
Wipro Ltd, the country's third biggest software services firm, on Thursday said it was looking for acquisitions in Germany and Canada to take advantage of the growing markets there.
Wipro Technologies, the global IT services division of Wipro, on Tuesday announced an investment of Rs 375 crore (Rs 3.75 billion) in Pune after the inauguration of its new development centre in Hinjewadi.
Wipro is planning to integrate all its quality achievements under the 'Wipro Way' -- a system that was envisaged by founder chairman Azim Premji about nine months back. This will help the company take all its quality initiatives to the next level.
As a venture partner, DVP said that Neemuchwala would be bringing deep technology expertise and invaluable experience of building businesses.
The division, which has been revamped over the past two years -- slowly weaning away from being a voice-heavy BPO provider -- has only added around 500 people while growing its top line by 50 per cent in this period.
Wipro has already screened hundreds of applicants through video kiosks it has set up at three of its campuses - two in Bangalore and one in Chennai. The company shortly plans to extend this concept, and install over 1,000 video phones at all its 20-odd campuses across the country. Each campus accommodates over 2,000 people.
This will be the company's first major expansion in the switching business after the acquisition of the North West Switches brand for Rs 102 crore (Rs 1.02 billion) in May last year. The plant will be located at Haridwar, Uttaranchal, where the company has acquired about six acres for the purpose. A significant part of the Rs 60 crore (Rs 600 million) capital expenditure earmarked for this fiscal will be spent on setting up the plant, Vineet Agrawal, president, said.
Wipro was the biggest gainer in the Sensex pack, rising 4.34 per cent, followed by HCL Tech, UltraTech Cement, Tata Steel, Tech Mahindra, NTPC, Infosys, Power Grid, Tata Consultancy Services and State Bank of India. Mahindra & Mahindra, ITC, Axis Bank, Nestle, Kotak Mahindra Bank and Asian Paints were among the laggards.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
Wipro chairman Azim Premzi' son will soon join the country's third largest software exporter.
Wipro BPO, the business process outsourcing division of global IT services provider Wipro Technologies, would add about 1,000 people at its Hyderabad centre in six to eight months.
Wipro's numbers for Q3 came as a disappointment to the market and early trades on Friday reflected this, the scrip shedding 4% to Rs 1,516.
IT major Wipro and Motorola Inc will jointly invest about $ 20 million (Rs 92 crore) over the next three years in their newly formed joint venture for outsourced telecom services.
IT major Wipro on Monday said it has been ranked as a leader in the global R&D service provider survey by Zinnov Management Consulting for the fourth successive year.
We saw the highest growth coming in from BFSI (banking, financial services and insurance) last quarter than any of our competitors. It has grown very well. But the others have also now stepped up their focus on BFSI.
"Our strategy is to recruit non-engineering graduates, in addition to engineering and make them fit into the slot. We are still working out the details," Wipro Technologies joint CEO Girish Paranjpe said.
From the Sensex pack, NTPC jumped nearly 4 per cent after the company posted over 23 per cent rise in consolidated net profit in the April-June quarter of 2023-24. Power Grid, Tech Mahindra, Tata Steel, Tata Consultancy Services, Wipro, Maruti and JSW Steel were among the other major gainers.
This will also apply to those working temporarily on onsite projects.
In a move towards gender inclusion, Tamil Nadu has partnered Godrej Consumer Products (GCPL) to offer a 5 per cent job reservation for LGBTQAI+ and people with disabilities at GCPL's upcoming fast-moving consumer goods manufacturing unit in Thiruporur in Chengalpattu district. According to industry experts and activists, while companies acknowledge transgender communities, this is the first time the entire spectrum of gender minorities, including lesbian, gay, bisexual, transgender, queer/questioning (one's sexual or gender identity), asexual and intersex, is receiving such a notable share of job participation in the private sector while signing memoranda of understanding with states.
Wipro, India's major IT company, has awarded a grant of $1.19 million to promote science and teacher education leadership in the US.
Leading technology solutions provider, HP today announced Wipro as its first Indian global system integration (GSI) partner.
The accused were identified as Rajiv Ranjan, 30, native of Bihar, Mohammed Azar, 25, native of Andhra Pradesh, Sathya Priya, 25, native of Tamil Nadu, and M N Naryanana, 29, from Kerala, according to Bengaluru Police Commissioner B G Jyothiprakash Mirji.
If I focus on today, I will have to give up the future, says T K Kurien.
Wipro consolidated net profit up 20 per cent at Rs 1,932.1 crore in July-September quarter from Rs 1,610.6 crore a year ago.
The company's profit rose with better IT spending by global clients and a rise in high margin digital projects.
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