Firm regains volume growth via focus on market share, market development, margins and consumers' mood
In an interview with Mahesh Kulkarni and Archana Prasanna, Wipro's joint chief executive officer Girish Paranjpe says the company expects uniform growth in information technology spends, despite flat to marginally positive IT budgets in 2010.
As the shift from hand-crafted to machine-made ornaments did not serve the purpose, with neither the cost of machine-made jewellery declining nor jewellers finding innovative designs, the industry goes back to 'hand-crafted' ornaments for both domestic and overseas buyers, reports Dilip Kumar Jha.
The business environment is positive, with an uptick in demand, in both domestic and international markets.
Residents of Dharavi, Asia's largest shanty town, display posters and placards as they protest against the producers of film Slumdog Millionaire in Mumbai on Tuesday.
The demand environment is expected to improve over the next three quarters, aided by a recovery in demand from the construction sector, following release of payments to contractors after elections.
IBoard defends MD on nepotism charges, quashes allegations; it also reviewed its internal processes and exposure to the Videocon group
Five to six issues may hit the market if Chalet Hotels's IPO is successful and if there are no negative surprises in the Union Budget on February 1.
The programme that began last year has seen the list of CEOs -- who will be put under the hammer -- grow.
The company plans to set up a new IT park near Kolkata and recently the company's Chairman, Azim Premji, had signed an agreement with the state government to acquire additional land.
Hindustan Unilever Chairman Harish Manwani, MD & CEO Nitin Paranjpe and CFO R Sridhar speaks to Business Standard after the announcement of the financial results of the company in Mumbai on Tuesday.
State Bank of India on Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways, and the bids have to be submitted by April 10, said a public notice.
Wipro Ltd, a provider of IT solutions and services including systems integration, information systems outsourcing and IT-enabled services, says it has not been affected by the crisis in West Asia and will continue to invest in the region. Wipro already has a company -- Wipro Arabia, formed in 2007 through a joint venture with the Dar Al Riyadh Group -- providing IT solutions and services in the Kingdom of Saudi Arabia.
Wipro, despite the 1.5 per cent drop on the volume front, has seen a positive uptake in terms of client additions and revenues.
With two of its clusters - R-Series and Satellite Series - likely to start production in the next two years, the company looks to turn around production from this business.
While the airline is accommodating passengers on available flights, this is resulting in extending travel time and detour for customers.
"We found value in people being given flexibility instead of asking them to come to work when there is no work. We have also given them a choice of coming to office 10 days at a stretch in a month, rather than coming two days every week," says Girish Paranjpe, joint CEO of its information technology business.
In New York, the dollar fell against other major currencies on Monday after a December reading on the US services sector came in below market expectations.
Among Indian IT outsourcing companies, Wipro is the first company to give a flat to 2 per cent growth expectation for the July-September 2009 (third) quarter. Joint CEOs Girish Paranjpe and Suresh Vaswani spoke to Bibhu Ranjan Mishra on the company's growth path.
An MBA from Harvard Business School, Rishad, 32, joined the company almost two years ago as a business manager in the Banking and Finance division, which was then headed by Girish Paranjpe, the present joint CEO of the company's IT business. During his stint with GE Capital, Rishad was working in the treasury. Industry analysts say that Wipro is adhering to corporate standards, by treating the chairman's son at par with other employees.
Take the poll and tell us which Hollywood celeb pulled off Indian wear better.
The CoA chief refused to divulge any further details on the review meeting.
Ganguly also said that he would like to speak to Dhoni and know what he wants.
The terrorists now knew that I was the only one in the room, that I was injured and that I could not continue this battle for long.
The debt resolution involves RCom exiting the SDR framework with no conversion of debt into equity and zero write-off by lenders, Anil Ambani said, adding that he expects full closure by March 2018.
While we navigate the challenges posed by the current industry environment, our focus and attention remains on safety and operational reliability, said chief executive Vinay Dube.
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
India's third-largest software company, Wipro, has initiated a second round of major business and executive changes within a few weeks. A fortnight ago, the company announced the appointment of Suresh Vaswani and Girish Paranjpe as joint chief executive officers of Wipro Technologies, the company's global IT arm.
A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.
Wipro's ServiceNXT Operations framework will be utilised to manage PMI's technology and applications infrastructure.
'They are in the process of building a new team. But from what I watched in the first Test, some of the players are really good. You can't just rule Australia out of the series. Of course India are more superior but again they have to continue playing good cricket'
'I don't celebrate my success and that's why I don't moan my failures.'
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
Reliance was the highest bidder at Rs 63 cr for the 5 airports project.
Authorities have been forced to make the switch owing to the crackdown on slaughterhouses.
However, any progress on the deal depends upon Goyal giving up control of the company.
Adani is the fastest growing energy company in Asia-Pacific and the second fastest in the world
The new push is being driven primarily by over 170,000 villages where household income is over Rs 1 lakh a year.
An industry source said the Act would create high-entry barriers for new service providers and limit customer choice
It looks like IBM is betting on Vaswani to replicate the success he had with Dell
