Its being offered under the restricted stock unit plans of 2005 and 2007
Wipro has acquired European retail solutions provider Enabler.
Top Indian IT companies such as Infosys, TCS and Wipro, which are mainly into software services business, could be toppled by lesser known firms in the outsourced (software) product development business in the coming years, according to industry offi
'It is a sign of a bigger problem which is coming in the next six months.'
Brazil's alternative energy company, Cemig, tops the list of Environmental Tracking (ET) BRICS 300 Carbon Ranking.
It is understood that the company is hiring more local people in overseas markets for front-end sales and support roles. It is having more locals as client managers in key areas like the US and Europe.
With the economic downturn continuing in western markets, India's third largest software exporter Wipro is seeing opportunities in the domestic market in a big way.
This centre will cater to the infrastructure and application management service requirements of customers across the ASEAN region through a remote service delivery model.
The joint venture firm will be fully operational by the end of August this year.
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.
Also, dedicated resources for top 60 clients, in a set of moves to encourage growth.
Among the Sensex firms, Bajaj Finance jumped the most by 4.64 per cent. Bajaj Finserv, Kotak Mahindra Bank, Asian Paints, UltraTech Cement, ICICI Bank, NTPC, JSW Steel and Tata Steel were among the major gainers. Infosys, Mahindra & Mahindra, Wipro, Tata Consultancy Services, IndusInd Bank and HCL Technologies were the major laggards.
Among Sensex stocks, Wipro gained the most by 3.29 per cent. Ultratech Cement, Reliance Industries, Hindustan Unilever, Nestle, NTPC, M&M, HDFC Bank, ITC, Kotak Bank and Axis Bank were among the winners. On the other hand, HCL Tech fell the most by 1.24 per cent. SBI, TCS, Infosys, IndusInd Bank and Tata Steel also dropped.
As Japan makes frantic efforts to deal with the nuclear radiation leaks from the Fukushima Daiichi nuclear power plant in the aftermath of earthquake and tsunami, Indian information technology firms have begun relocating the families of their Indian employees in the country.
Executive director and chief financial officer of Wipro Suresh C Senapaty has sold 85,000 shares of the company.
Wipro has devised a strategy to beat larger rivals.
Wipro Technologies on Tuesday said the company would have to wait at least three quarters to reap benefits from realigning the organisational structure.
Currently TTD offers four main e-services such as e-seva, e-accommodation, e-sudarshanam and e-hundi to the devotees and the Sri Seva project would help the administration in offering services like providing rooms, laddus as well as in tonsuring.
T K Kurien, CEO, IT business of Wipro, throws light on the company's strengths of weaknesses and its strategy.
According to a PTI report, in the latest '2012 Global Outsourcing 100', compiled by the International Association of Outsourcing Professionals, three Indian firms have found a place in the top 10, with Accenture heading the list.
In the financial year 2007-08, Premji received a whopping $328,556 towards his annual compensation package. This included $107,701 as salary and allowances, $127,621 towards compensation and incentives, $35,298 for housing and $41,895 towards the long-term compensation, the company told the Securities and Exchange Commission in its annual filing.
Sun Pharma, Bajaj Finserv, Tata Consultancy Services, Infosys, Hindustan Unilever, JSW Steel, Wipro, Maruti, HCL Technologies, Tech Mahindra and ICICI Bank were the other major gainers. State Bank of India, Tata Motors, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Tata Steel, Nestle and HDFC Bank were the laggards.
The company had posted a net profit of Rs 1,334.9 crore (Rs 13.34 billion) in the April-June quarter of last fiscal, Wipro said in a filing to the Bombay Stock Exchange.
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.
IndusInd Bank was the biggest gainer in the Sensex pack, rising 3.25 per cent, followed by Tech Mahindra, Wipro, Bharti Airtel, HCL Technologies, Axis Bank, HDFC Bank, RIL, TCS, L&T and Infosys. State Bank of India, NTPC, Maruti, Bajaj Finserv, Tata Motors and Power Grid were among the laggards, slipping up to 2.94 per cent.
Both companies are in talks with a Bengaluru-based non-governmental organisation, International Competence Centre for Organic Agriculture, for the supply of organically-grown vegetables to their canteens.
Wipro Limited, the $5 billion software to soaps major, has reported a 25 per cent increase in its net profit for the first quarter of the current fiscal as against the corresponding period of last fiscal. The topline has increased by 43 per cent.The net profit has smarted up to Rs 908 crore (Rs 9.08 billion)for the first quarter, while the topline has moved to Rs 5,967 crore (Rs 59.67 billion).
Many analysts say the management structure was faulty, as the model can work at best as a stop-gap arrangement.
Wipro Ltd, India's third-largest software exporter, said on Friday its back office services firm, Spectramind, was on track to meet its revenue target of $12.5 million for the quarter ending December.
Mamata Banerjee government was principally opposed to granting SEZ status to any such units willing to come to the state
Indian IT companies TCS, Infosys, Wipro and HCL Technologies have issued advisories to their employees working in US, whose East Coast is battered by a superstorm.
