The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
India's third largest service provider Wipro Technologies, is set to begin construction on Rajarhat campus, the second in the city, 'as quickly as possible', said state information technology minister, Debesh Das.
Wipro, India's third-largest software services company is making a shift in its human resources practice.
The company's growth was driven by a decline in total expenses, lower finance cost and higher other income.
Revenues from IT services segment, which accounts for a significant portion of the company's topline, stood at $2.013 billion, remaining flat sequentially and up by 5.8 per cent year-on-year.
DJSI is an international indicator, which tracks the financial performance of companies having outstanding sustainability conduct.
Emirates NBD is a banking group and a market leader across core business lines and is the leading retail banking franchise in the United Arab Emirates and is also a major player in the corporate banking arena.
Wipro said it expects its IT service revenue for the October-December quarter of 2016-17 to be in the range of $1,916 million to $1,955 million
The Citi deal should help Wipro beef up its presence in the banking and financial services (BFSI) space. The target company does work in the technology infrastructure services space as also application development and maintenance and the Rs 19,957 crore (Rs 199.57 billion) Wipro should be able to leverage these services with other clients. The assured revenues of $500 million will come in handy at a difficult time.
Abidali Neemuchwala, who had joined Wipro in 2015 as group president and chief operating officer, was also given 200,000 in stock options in the financial year ended March 2016.
Wipro Technologies, the global IT services division of Wipro Ltd, announced on Tuesday that it had filed patent application for e-Enabler, a new solution kit based on Service Oriented Architecture. This solution provides SOA-based platform to align applications to business processes, cuts deployment time and enables faster time to market, the company said.
Among major Sensex movers, ITC rose the most by 1.70 per cent, Wipro by 1.43 per cent, Tech Mahindra by 1.36 per cent and Nestle India by 1.27 per cent. Other gainers included HCL Tech, Asian Paints and Reliance. On the other hand, ICICI Bank, NTPC, UltraTech Cement and Tata Steel traded with a loss of up to 0.82 per cent.
The scrip was the top gainer at the BSE benchmark Sensex during the morning session.
Now in its ninth year, the annual NOA Awards recognise best practices in outsourcing projects, the city-headquartered company said.
Among the Sensex shares, Infosys rose the most by 1.37 per cent, followed by Larsen & Toubro (0.90 per cent), and Wipro (0.83 per cent). HDFC Bank, ICICI Bank, Reliance Industries, ITC, TCS, Kotak Bank, Asian Paints and Titan were among the lead gainers.
An interview with Wipro's CFO and executive director Suresh Senapaty where he explains what the new structure will mean for the company.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
Wipro is trying to strengthen its presence in the banking, financial services and insurance segment by increasing its revenue share on par with other leading Indian information technology service companies.
Among the Sensex firms, ITC, NTPC, Axis Bank, Larsen & Toubro, Bajaj Finance, Asian Paints and Tata Steel were the major gainers. Mahindra & Mahindra, Wipro, Maruti, IndusInd Bank, Kotak Mahindra Bank and HDFC Bank were among the laggards.
WCCGL, a division of software giant Wipro, which has been selling its Santoor brand of soaps at the Rs 5 and Rs 10 price points in Maharashtra, Karnataka and Andhra Pradesh, now plans to introduce it in five more states.
IT distribution company Neoteric Infomatique Pvt Ltd announced on Friday a strategic alliance with infotech major Wipro for distributing the latter's manufactured notebooks, desktops and servers.
The deal is expected to close in the January-March quarter.
Wipro Technologies, which runs the global IT business of the IT-to-soaps conglomerate, is looking to increase its business from Japan and the Asia-Pacific (APAC) region. It sees a strong demand for intellectual property (IP) in areas such as semiconductors, System on Chip (SoC) and Radio Frequency Integrated Circuit (RFIC) design coming from Japan and the APAC region, which is emerging as the new growth engine of the world.
close to the development confirmed that a deal could be signed between the parties shortly
Wipro Infotech, the IT division of the Rs 107 billion Wipro, has announced a joint venture agreement with the Dar al Riyadh group of Saudi Arabia.
The awards, presented by the online community Outsourcing Centre, are given for the world's best outsourcing arrangements.
Offer of backdoor employment in various MNCs were made.
As a part of its Tox Tech campaign, Greenpeace in 2005 issued a list of demands on Wipro, including introduction of a take-back policy, recycling and a policy for phaseout of hazardous materials.
Infosys BPO Vice President Ramit Sethi has joined Wipro BPO as Senior Vice-President-Knowledge Services and Capital Markets.
Targeted at the north and east of India apart from the big metros, WCCL aims to position the brand in the premium segment, but at a discounted price than the existing players. The company also expects to corner a 10 per cent market share in the glycerin soap market in the first year.
The deals -- worth $50-200 million (Rs 300-1,000 crore) -- are across the healthcare, travel, telecom and manufacturing verticals.
UltraTech Cement was the biggest gainer in the Sensex pack, rising 2.43 per cent, followed by NTPC, Tata Motors, Infosys, Power Grid, Mahindra & Mahindra, Larsen & Toubro, Maruti, Wipro and SBI were the major gainers. In contrast, Tata Steel, Bharti Airtel, Bajaj Finserv, Axis Bank, Bajaj Finance and JSW Steel were the major laggards.
Wipro Infotech on Tuesday announced its partnership with Israel-based RiT Technologies for marketing of latter's Intelligent Physical Layer Management Solutions in the country.
Sun Pharma emerged as the biggest gainer from the Sensex pack, climbing 2.09 per cent, followed by ITC, Titan, Bajaj Finance, Nestle, Infosys, L&T, JSW Steel, Reliance Industries and Kotak Mahindra Bank. UltraTech Cement, Maruti, HDFC Bank, Wipro, State Bank of India and NTPC were among the laggards.
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