One consortium is led by Manipal Hospitals' Dr Ranjan Pai along with US private equity firm KKR and Singapore investment major Temasek. The other is a combine of Swedish private equity firm EQT and Premji Invest, the investment office backed by Wipro founder Azim Premji.
Wipro Lighting, the consumer products division of Wipro Ltd., has tied up with Concord of UK to sell its architectural range of lighting products in India.
Stock market investors this week would track the renewed tariff tensions between the US and China, domestic inflation data, besides, quarterly earnings from blue-chips HCL Tech, Infosys and Reliance Industries would also drive the momentum in equities, analysts said.
Indian IT major Wipro on Saturday announced the resignation of its CEO Thierry Delaporte and named Srinivas Pallia as the new chief executive officer effective immediately. Wipro's Board noted the resignation of Delaporte with effect from April 6, 2024, the company said in a BSE filing, and added he will be relieved from the employment of the company with effect from the close of business hours on May 31, 2024.
The decision to hike US H-1B visa application fee to $100,000, trade talks and the GST rate cut will be the key drivers for stock market movement this week, analysts said.
Software services giant Wipro Ltd is likely to lose business from its big client 186k, a former broadband telecoms unit of Lattice Plc which merged with National Grid Transco, vice-chairman Vivek Paul said.
Wipro said it has used its industry-leading cybersecurity practices and partner ecosystem for remedial steps and has shared this intelligence with its partners to develop the AntiVirus signatures.
Demerger to cut Premji holding by 2.7 per cent, investors to get 12 per cent more for their shares.
Wipro on Monday said its shareholders have approved the company's plans to hive off non-IT business into unlisted arm.
Wipro Ltd will be allotted 10-12 acres of land in Coimbatore for setting up a centre for its business process outsourcing division.
Wipro Ltd on Friday posted 2.8 per cent year-on-year rise in its consolidated net profit for December quarter, at about Rs 3,053 crore. The net profit stood at Rs 2,969 crore in the year-ago period. Revenue of the Bengaluru-headquartered IT company came in at Rs 23,229 crore in Q3FY23, 14.3 per cent higher than the same period of previous year.
Wipro Ltd Chairman Azim Premji on Friday said there are "absolutely no plans" to list Wipro Enterprises, the demerged non-IT businesses firm of the group, on stock exchanges.
Wipro Technologies, the global IT services division of Wipro Ltd, and Mercury Interactive Corporation on Tuesday unveiled the Mercury Centre of Excellence (CoE) at Wipro's Electronic city campus in Bangalore.
The new unlisted firm will include Wipro Consumer Care & Lighting (including furniture business), Wipro Infrastructure Engineering (hydraulics and water businesses) and Medical Diagnostic Product & Services business, Wipro said in a filing to the Bombay Stock Exchange.
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
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.
IT services company Wipro Ltd on Wednesday reported about a 21 per cent year-on-year fall in its consolidated net profit to Rs 2,563.6 crore for the first quarter ended June 2022. The profit for the period (attributable to the equity holders of the company) stood at Rs 3,242.6 crore in the year-ago period. The net profit was down 20.6 per cent on a year-on-year basis, according to a filing.
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.
Based on enterprise service-oriented architecture (enterprise SOA), the programme leverages a pre-developed inventory of reusable form templates, components and services that reduce the cost of form development and deployment time, enabling SAP customers to gain an unprecedented return on their investments in enterprise systems.
Wipro COO A L Rao tells Business Standard how he plans to keep driving innovation at Wipro.
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.
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.
The contract, which involves upgrade of LIC's front-end IT application programmes to make these accessible through the web, is said to be worth about Rs 200 crore, and will be done over five years. It is understood that most large Indian IT outsourcing companies, including TCS, Infosys and L&T Infotech, had competed for the contract. It was considered prestigious, not because of its size but because it involved a prestigious public sector organisation like LIC.
The scope of services includes the suite of IT infrastructure and applications across the enterprise.
Jumbo Group company, Shaw Wallace & Co has requisitioned Wipro Ltd to evolve an IT roadmap aimed at incorporating cutting business applications and business intelligence tools.
Wipro BPO, the business process outsourcing arm of soaps-to-IT services player Wipro Ltd, plans to expand its operations in China and the Philippines by opening two more centres in these countries by the end of this year.
"Outlook for wages and salaries... given the current scenario, we have no plans for increase in the course of the year," the Bangalore-headquartered, New York Stock Exchange-listed company's executive vice-president, Pratik Kumar said. On campus hiring in the current fiscal, he said the company would visit the colleges (only) in January-March (unlike previous years when they selected students a year before they got the degree) but gave no firm numbers.
In a communique on the National Stock Exchange, Wipro said an agreement had been signed for the buyout which was expected to be completed by Q3 of FY 2006-07.\n\n
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.
Recent US border security legislation will double the H-1B and L-1 visa application fee from the present level of about $2,300 to about $4,300 per application.
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