Even as Srini Pallia, a Wipro veteran, is set to take charge as the chief executive officer (CEO) of the company, analysts expect the stock's underperformance to continue in the near-future. This, they believe, will be on the back of likely loss of market share, and difficult business environment. "We expect Wipro to underperform peers on growth once again in FY25 as channel checks and media reports suggest Wipro is losing share with select clients across multiple verticals.
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
Wipro Group chairman Azim Premji, who attended an event organised by an Rashtriya Swayamsevak Sangh body near Delhi on Sunday, said his presence did not mean that he endorsed the view of the forum.
IT major HCL Technologies' Shiv Nadar has retained his position as the 'most generous Indian' in 2023 as well, with a 76 per cent jump in his donations at Rs 2,042 crore. Wipro's Azim Premji's donations zoomed by 267 per cent to Rs 1,774 crore during the same year, according to the Edelgive Hurun India Philanthropy List 2023 released on Thursday. Richest Indian Mukesh Ambani donated Rs 376 crore in the year, which is an 8 per cent decline.
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
In Doda's Bhaderwah town, a few buildings developed cracks due to the tremors.
The IPO boom in 2023 added four new promoters to the billionaires' list.
Days after attending his Kabir Singh co-star Kiara Advani's wedding in Rajasthan, Shahid Kapoor got back to work.
Raashi begins shooting... Mahesh has a new friend... Kunal is under the spotlight...
Mukesh Ambani, the patriarch of Reliance Industries (RIL), and Gautam Adani, the chairman of Adani Group of companies, have secured the top positions on the Fortune India Rich List, created in partnership with Waterfield Advisors, with respective wealth of $99.7 billion and $63.71 billion. With a wealth of $34.6 billion, the Mistry family of Shapoorji Pallonji Group holds the third position on the list, while the Poonawalla family, owners of vaccine maker Serum Institute, with a wealth of $32.9 billion, stands fourth. Stockbroker and founder of D-Mart-branded grocery stores, Radhakishan Damani, claims the fifth spot on the India Rich List with a wealth of $23.4 billion
The state's joblessness is three times higher than the national average of 7.8 per cent.
'Usually, we are always worried that we are missing out something in life.' 'We are very keen for the audience to have this as a cinema experience in theatres.' 'You get the rare chance to be patient.'
A police cavalcade carrying gangster-politician Atiq Ahmed left for the Sabarmati Central Jail in Gujarat on Tuesday evening, hours after he was sentenced to rigorous life imprisonment in a 2006 kidnapping case by a court in Prayagraj in Uttar Pradesh, a senior official said.
It would be better if the Supreme Court takes cognisance of this 'extremely serious and worrisome' incident, which is being discussed across the country, the former Uttar Pradesh chief minister said.
The Day in Politics: Featuring Dr Singh, Messrs Kejriwal and Sisodia and Mamatadi.
A few shops opened in areas adjoining Chakia-Rajrooppur, Kareli and Khuldabad.
Speaking to ANI, Asha (mother of the arrested accused Lovelesh) said, "Pata nahi uske naseeb mein kya likha tha (Don't know what was written in his destiny)."
Ten people were named in the first information report (FIR) registered at the Dhoomanganj Police Station of Prayagraj on February 25, a day after Umesh Pal was killed.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
In one of the biggest donations by a business family in India, the family of Adani Group chairman Gautam Adani on Thursday committed to donating Rs 60,000 crore (around $7.7 billion) to various charities related to health care, education, and skill development. The commitment has been made to mark Gautam Adani's 60th birthday on Friday as well as the birth centenary year of his father Shantilal Adani. The corpus will be administered by the Adani Foundation. "At a very fundamental level, [programmes] related to all these three areas should be seen holistically and they collectively form the drivers to build an equitable and future-ready India.
Without taking names, in a tweet in Hindi, Priyanka Gandhi said the law of the country is written in the Constitution and this law is paramount.
'When you do some job for a few hours, you are hardly earning enough to survive.'
He alleged that an officer told him that he would be taken out of jail after two weeks and killed.
Gangster-politician Atiq Ahmad, who was shot dead along with his brother at point-blank range, had admitted during questioning by police that he had links with Pakistan's Inter-Services Intelligence and militant outfit Lashkar-e-Tayiba, according to a first information report (FIR).
'I want Atiq Ahmed's empire to end, I don't want him to be alive'
Wipro Consumer Care and Lighting on Thursday announced the acquisition of Brahmins - a Kerala-based traditional vegetarian, spice mix and ready-to-cook brand - and it has also drawn up plans to launch its snacks brand targeting the southern market. The company will focus on the southern market and is in the process of launching its own brand in the fast-growing ready-to-eat and snacks segment, Wipro Consumer Care and Lighting and managing director Vineet Agrawal told PTI. He further said Wipro Consumer Care and Lighting would take the acquisition route for expanding in the spices segment.
Ahmad and Ashraf alias Khalid Azim will be kept in judicial custody till April 26, said advocate Vikram Singh, the counsel for Umesh Pal's wife Jaya.
There has been an absolute decline in voters aged between 20 and 39, compared with 2018, and there has been a huge increase in voters aged over 50.
Congress president Mallikarjun Kharge said there are courts to ensure that criminals get the harshest punishment but 'playing with law and order only gives birth to anarchy'.
The World Photography Organisation has announced its category winners and shortlist in the Open competition of the Sony World Photography Awards 2023.
Azim Premji, chairman of IT major Wipro, was conferred the highest French civilian honour for his outstanding contribution to developing the information technology industry in India, his economic outreach in France, and his laudable contribution to society as a philanthropist through the Azim Premji Foundation and Azim Premji University
Philanthropic contributions made by India's ultra high networth individuals (net wealth of over Rs 1,000 crore), also known as UHNIs, have fallen sharply to Rs 4,230 crore in FY22, from Rs 11,821 crore the previous financial year, according to the India Philanthropy Report 2023 by Dasra and Bain & Co, which was released on Wednesday. The report says that the dramatic fall, almost by a third, was due to the fact that contributions by the Azim Premji Foundation dropped by Rs 9,000 crore due to a share buyback of Wipro, which helped the foundation to access liquidity directly. However, the report laments that even excluding the Premji Foundation's contribution, "Indian UHNI contribution has not kept pace with wealth creation" and is "below par, with a 5 per cent contraction in FY2022".
Wipro founder chairman Azim Premji on Monday said the pandemic has been a "magnifying glass" for structural inequities and injustices that exclude millions of citizens from a life of basic dignity, and has made clear the fundamental role of public systems.
Television actors looked wow at the Zee Rishtey awards, as they sashayed down the red carpet.
'By design or default, the BJP's election strategy militated against the very essence of Karnataka politics and the idea of Karnataka.'
Family office basically caters to the investment - financial and non-financial - needs of a family and its members.
Wipro said on Thursday that Azim Premji's son Rishad, chief strategy officer and member of the board, will take over as the executive chairman. Azim Premji, however, will continue to serve on the board as non-executive director and founder chairman.
Reliance Industries chairman Mukesh Ambani and his wife Nita Ambani topped a list of power couples dominated by celebrity pairs from Bollywood, according to the annual survey results released by the Indian Institute of Human Brands (IIHB) in Mumbai on Wednesday. Ranveer Singh and Deepika Padukone followed the Ambanis at No 2, and Virat Kohli and Anushka Sharma occupied the third position. Five other couples from the corporate world made it to the list - Infosys founder Narayana Murthy and Sudha Murty at 10th, Adar and Natasha Poonawala (Serum Institute) at 11th, Azim and Yasmeen Premji (Wipro) at 16th, Anand and Anuradha Mahindra (Mahindra Group) at 19th, and Kumar Mangalam and Neerja Birla (Aditya Birla Group) at 20th position.
