"We see that as a next emerging opportunity. We are positioning ourselves very strongly," Wipro chairman Azim Premji told reporters in Bangalore. He noted the IT sector, whose size was small 20 years ago, had grown substantially and constituted some 27 per cent of the country's exports and some 4-5 per cent of its GDP, indicating that green technologies holds similar business potential.
India's third largest software company Wipro on Thursday said they are hopeful of some signs of recovery in the second half for the IT outsourcing services sector.
Wipro chief Azim Premji and veteran actor A K Hangal are among the 10 senior citizens who will receive the Harmony Silver Award this year for their contribution to society.
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
The stock market rout has caused the country's five richest, led by Reliance Industries Chairman Mukesh Ambani, to lose more than $10 billion in just about a fortnight.
Infosys chief Narayana Murthy has emerged India's most admired business leader, ahead of late Reliance chief Dhirubhai Ambani, Azim Premji of Wipro and noted industrialist Kumarmangalam Birla, in a survey conducted among management students.
Anil Ambani, vice chairman and managing director of Reliance Industries Ltd, has been adjudged the most admired chief executive in India, while his elder brother Mukesh Ambani occupied the fifth slot.
The cumulative market value of the companies belonging to the groups led by the five wealthiest of the country Ambani siblings Mukesh and Anil, real estate magnate Kushal Pal Singh, software czar Azim Premji and telecom tycoon Sunil Mittal -- today fell to about Rs 8.5 trillion.
On the prowl for more buyouts, software major Wipro would pursue the strategy of acquisitions more aggressively in future along with other initiatives.
The richest Asian is Prince Alwaleed Bin Talal Alsaud ($21.5bn) of Saudi Arabia while Aziz Premji heads the Indians on the list.
Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technology start-ups globally.
Out of the world's 10 wealthiest CEOs, four positions have been grabbed by Indians -- Lakshmi Mittal is ranked at the second place followed by Mukesh Ambani (6th place), Anil Ambani (7th) and Wipro chief Azim Premji (9th). The list has been topped by Warren Buffet, the chief executive of Berkshire Hathaway with a fortune of $52 billion.
India ranks third among global startup ecosystems.
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.
M E Meeran, a former wholesale dealer in provisions, is conquering the world with his Eastern brand of spices and curry powders.
Software giant Wipro Ltd is planning to invest in another software development complex in West Bengal if it gets the special economic zone status from the central government.
But little is known of the contents except that it has been disclosed to the board of directors.
'Wealthy Indians don't give as much as Americans because they believe they must leave their wealth to their children.'
Leading information technology company, Wipro has started looking at tapping the booming Chinese IT market, sources said on Friday.
Wipro is contemplating vast expansion in Andhra Pradesh with proposed investment of Rs 950 crore (Rs 9.5 billion) that could generate employment for nearly 29,000 people.
The net worth of the five richest - Mukesh and Anil Ambani, KP Singh, Sunil Mittal and Azim Premji - on Monday plunged by Rs 11,015 crore (Rs 110.15 billion), taking their total loss to about Rs 67,200 crore (close to $17 billion) since October 17, when the meltdown began on the bourses.
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
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
Union IT and Communications Minister Arun Shourie on Monday met IT industry leaders including Wipro Chairman Azim Premji in Bangalore and discussed the steps that need to be taken to propel the industry ahead.
The scrip was the top gainer at the BSE benchmark Sensex during the morning session.
Azim Premji-led Wipro Ltd on Friday said it will acquire 100 per cent stake in Singapore-based Unza Holdings Ltd in an all cash deal worth Rs 1,010.2 crore (Rs 10.102 billion or $246 million).
Optimism about the Indian economy makes it all the more necessary for the country to be prepared to face competition from nations like China and the United States, Wipro Chairman Azim Premji said on Friday.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
Wipro Ltd, India's third-largest software exporter, said on Friday its back office services firm, Spectramind, was on track to meet its revenue target of $12.5 million for the quarter ending December.
Wipro Ltd on Wednesday clarified that company Chairman Azim Premji had stated in Mumbai that the IT major would consider accessing the capital markets only if the need for funding large acquisitions arose.\n\n\n\n
On the back of growing clout of the Indian IT sector, domestic giants Tata Consultancy Services, Infosys and Wipro may soon join the league of top 10 most valued firms globally in terms of market capitalisation in the next 2-3 years.
Indian software giant, Wipro said on Thursday that it was developing a low-cost computer that would run on low power and would have inbuilt source of two hours of standby power supply.
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