The company's profit rose with better IT spending by global clients and a rise in high margin digital projects.
The IPO boom in 2023 added four new promoters to the billionaires' list.
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.
The move comes at a time when the company is looking to strengthen its position in soaps.
'It is a sign of a bigger problem which is coming in the next six months.'
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 Maharashtra Food and Drug Adminstration has served a notice to Wipro for allegedly "misbranding and mislabelling" its baby oil.
Investors' wealth eroded by Rs 7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle East. The 30-share BSE Sensex plunged 825.74 points or 1.26 per cent to settle at 64,571.88 points. During the day, the index plummeted 894.94 points or 1.36 per cent to 64,502.68 points.
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
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
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.
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.
'Companies are coming to the campuses, and we have companies booking their slots for the placement season, but the overall number of companies signing is low, and the hiring numbers are also lower.'
Bharti Airtel was the biggest gainer in the Sensex pack, rising 2.37 per cent, followed by Mahindra & Mahindra, HCL Tech, Tata Motors, Tech Mahindra, HDFC Bank, Wipro, Tata Consultancy Services, Axis Bank and Nestle. Asian Paints, Hindustan Unilever, Bajaj Finserv and NTPC were among the laggards.
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.
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 will announce its FY03 results on April 17, the company said in a release to the Bombay Stock Exchange on Tuesday.
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.
Wipro Technologies has signed an agreement to acquire Europe-based retail solutions provider, Enabler in an all cash deal.
The pace of the progress has been very slow over the last eight years.
Wipro Ltd on Saturday said it will fully acquire LD Waxsons Group, a Singapore-based fast moving consumer goods (FMCG) company for an all cash consideration of about $144 million (nearly Rs 790 crore).
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
The awards were given by the UN's body on women for their work on principles of women's empowerment and helping champion gender equality.
The decision regarding this was taken by the Board of Approval in its meeting on September 18.
A dog and metal detector squad was rushed to the multi-storeyed building, which also houses the Times of India office.
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