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 announced a 100 per cent interim dividend (Rs 5 per equity share of face value Rs 5) for the year ending March 31, 2007.
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.
If I focus on today, I will have to give up the future, says T K Kurien.
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.
Wipro COO A L Rao tells Business Standard how he plans to keep driving innovation at Wipro.
From the Sensex pack, Jio Financial Services fell the most by 4.99 per cent. Reliance Industries, Power Grid, Larsen & Toubro, JSW Steel, HCL Technologies, NTPC, Tata Steel, Wipro, Tata Consultancy Services and HDFC Bank also declined. IndusInd Bank, Infosys, UltraTech Cement, ICICI Bank, Nestle and Axis Bank were among the gainers.
Wipro Limited Profit After Tax grew by 45% year on year (yoy) to Rs. 6.20 billion (Rs. 620 Crores), Total Revenue increased by 39% yoy to Rs. 31.43 billion (Rs. 3,143 Crores)
Wipro Ltd, a relatively late entrant in the lucrative information technology outsourcing market in Australia, is planning to hire more locals.
Global financial services giant Citigroup Inc on Tuesday sold its 100 per cent subsidiary Citi Technology Services Ltd to Wipro for $127 million. CTS is an India-based captive provider of information technology services and solutions to Citi entities worldwide.
The company's profit rose with better IT spending by global clients and a rise in high margin digital projects.
The move comes at a time when the company is looking to strengthen its position in soaps.
As a venture partner, DVP said that Neemuchwala would be bringing deep technology expertise and invaluable experience of building businesses.
The Maharashtra Food and Drug Adminstration has served a notice to Wipro for allegedly "misbranding and mislabelling" its baby oil.
Among the Sensex firms, ICICI Bank and SBI led the index with the maximum gains of 4.68 per cent and 3.99 per cent, respectively. Other major gainers were Larsen & Toubro, Kotak Mahindra Bank and HDFC Bank. On the other hand, Wipro and Tata Motors defied the trend and traded in negative.
Wipro, the Bangalore-based business conglomerate with interests in IT and FMCG, said it has succeeded in "convincing" one of its recently-won international clients, Australia's Origin Energy, about the circumstances under which the World Bank had imposed a ban on the company
Corporate India reported high double-digit growth in net profit for the fourth consecutive quarter in October-December 2023 (Q3FY24), driven by margin gains from lower prices of raw material and energy.
Wipro Ltd has informed BSE that the Board of Directors of the company vide the circular resolution effective February 13, 2003 resolved to issue and allot 2945 equity shares of Rs 2 each pursuant to exercise of stock options by eligible employees.
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
With the developments in Satyam Computer unfolding shocking irregularities, Wipro Technologies, a NYSE-listed company, on Wednesday said this incident is one of its kind and is unlikely to affect the industry.
The company over the past two years has spent a little over $500 million (little over Rs 2,000 crore) for around a dozen acquisitions.
With George W Bush returning as the US president for the second successive term, Wipro Spectramind, the BPO arm of IT major Wipro Limited, is bullish about growth and adding 1,800 to the existing headcount every month at its facilities.
Wipro, the country's third-largest information technology (IT) services company, is asking non-billable employees unwilling to work on any project they have been assigned to leave immediately.
Domestic information technology services majors Tata Consultancy Services, Wipro Technologies and Tech Mahindra and global players like IBM and Japan-based NEC are among the 10 shortlisted companies for the Nandan Nilekani-headed Unique Identification Authority of India biometrics job.
India's third largest software services exporter ended the day 4.41 per cent lower at Rs 492.20 on the BSE after falling 8.41 per cent to Rs 471.55 in intra-day trade.
Wipro will announce its FY03 results on April 17, the company said in a release to the Bombay Stock Exchange on Tuesday.
Govt expects to award contract to the lowest bidder by February.
Three Indian companies Wipro, Tata Steel and Tata Power have been named among the World's Most Ethical Companies.
Wipro Technologies has signed an agreement to acquire Europe-based retail solutions provider, Enabler in an all cash deal.
Sources close to Mohamed Mushin say he regrets the indiscretion of purchasing the shares that he did, and even though it was perfectly legal, it gave the perception of conflict of interest, that his buying them under the Friends and Family IPOs seemed as it was a quid pro quo by the two companies that had secured handsome Bank contracts.
The pace of the progress has been very slow over the last eight years.
Wipro Infotech, a leading provider of IT solutions and services, on Thursday announced the launch of its high-tech Global Service Management Centre in Mysore.\n\n
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