The funds raised by employees were matched by an equal contribution from Wipro.
Benchmark BSE Sensex rebounded sharply by 941 points while NSE Nifty closed above the 22,600 level on Monday on the back of buying in banking and infra shares and a global stocks rally. The 30-share BSE Sensex jumped 941.12 points or 1.28 per cent to settle at 74,671.28. During the day, it zoomed 990.99 points or 1.34 per cent to 74,721.15.
Wipro, India's third-largest software services company is making a shift in its human resources practice.
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.
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.
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.
From the Sensex basket, Sun Pharma, Maruti, IndusInd Bank, Titan, ITC, Tata Motors, Larsen & Toubro and JSW Steel were the major gainers. On the other hand, Infosys, Wipro, HCL Technologies, Tata Consultancy Services, Tech Mahindra and Bajaj Finserv were among the laggards.
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.
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, Power Grid, IndusInd Bank, Maruti, Wipro, Tata Steel, JSW Steel, Asian Paints, Mahindra & Mahindra, Reliance Industries and UltraTech Cement were the biggest laggards. Hindustan Unilever, Infosys and Tata Consultancy Services and Bharti Airtel were the gainers.
close to the development confirmed that a deal could be signed between the parties shortly
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.
Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said. Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said. "On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year.
The awards, presented by the online community Outsourcing Centre, are given for the world's best outsourcing arrangements.
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.
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said. Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank's comfort zone of below 6 per cent, according to government data released on Wednesday.
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.
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.
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.
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 deal is expected to close in the January-March quarter.
Ukraine is currently in the middle of a strategic offensive into Russia's Kursk region.
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.
The deals -- worth $50-200 million (Rs 300-1,000 crore) -- are across the healthcare, travel, telecom and manufacturing verticals.
From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers. Nestle India, HCL Technologies, Larsen & Toubro, Tata Consultancy Services, Tata Motors and Infosys were among the laggards.
Wipro Infotech, Middle East and Asia Pacific the information technology arm of Wipro Limited, announced on Thursday a strategic alliance with the US based Sistina Software Inc.
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.
Offer of backdoor employment in various MNCs were made.
A court in Kanpur has issued a notice to Wipro chairman Azim Premji after the wife of one of the company's employees alleged her husband had left her because the firm paid him a 'dating allowance.'
From the Sensex firms, Wipro, NTPC, Sun Pharma, Mahindra & Mahindra, ITC and Reliance Industries were among the biggest laggards. IndusInd Bank, Axis Bank, Bajaj Finance, HDFC Bank, Larsen & Toubro and State Bank of India were among the major gainers.
IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains.
Software major Wipro Technologies and US-based HighJump Software announced a strategic alliance on Thursday to offer complete, integrated multi domain solutions in supply chain execution market worldwide.\n\n
A business quiz on company logos and mascots.
Wipro Technologies, the IT services business of Wipro, has been rated the top Indian outsourcing firm in the Global Outsourcing 100 Rankings released by the International Association of Outsourcing Professionals.
