A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.
Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.
In April 2008, Wipro's technology business saw one of its biggest churns in the wake of the appointment of Girish Paranjpe and Suresh Vaswani as joint CEOs under an experimental management structure devised by Chairman Azim Premji.
Firm regains volume growth via focus on market share, market development, margins and consumers' mood
While we navigate the challenges posed by the current industry environment, our focus and attention remains on safety and operational reliability, said chief executive Vinay Dube.
In an interview with Mahesh Kulkarni and Archana Prasanna, Wipro's joint chief executive officer Girish Paranjpe says the company expects uniform growth in information technology spends, despite flat to marginally positive IT budgets in 2010.
The business environment is positive, with an uptick in demand, in both domestic and international markets.
The debt resolution involves RCom exiting the SDR framework with no conversion of debt into equity and zero write-off by lenders, Anil Ambani said, adding that he expects full closure by March 2018.
Residents of Dharavi, Asia's largest shanty town, display posters and placards as they protest against the producers of film Slumdog Millionaire in Mumbai on Tuesday.
The programme that began last year has seen the list of CEOs -- who will be put under the hammer -- grow.
Take the poll and tell us which Hollywood celeb pulled off Indian wear better.
Hindustan Unilever Chairman Harish Manwani, MD & CEO Nitin Paranjpe and CFO R Sridhar speaks to Business Standard after the announcement of the financial results of the company in Mumbai on Tuesday.
The company plans to set up a new IT park near Kolkata and recently the company's Chairman, Azim Premji, had signed an agreement with the state government to acquire additional land.
'They are in the process of building a new team. But from what I watched in the first Test, some of the players are really good. You can't just rule Australia out of the series. Of course India are more superior but again they have to continue playing good cricket'
Wipro Ltd, a provider of IT solutions and services including systems integration, information systems outsourcing and IT-enabled services, says it has not been affected by the crisis in West Asia and will continue to invest in the region. Wipro already has a company -- Wipro Arabia, formed in 2007 through a joint venture with the Dar Al Riyadh Group -- providing IT solutions and services in the Kingdom of Saudi Arabia.
In New York, the dollar fell against other major currencies on Monday after a December reading on the US services sector came in below market expectations.
Wipro, despite the 1.5 per cent drop on the volume front, has seen a positive uptake in terms of client additions and revenues.
"We found value in people being given flexibility instead of asking them to come to work when there is no work. We have also given them a choice of coming to office 10 days at a stretch in a month, rather than coming two days every week," says Girish Paranjpe, joint CEO of its information technology business.
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.
An industry source said the Act would create high-entry barriers for new service providers and limit customer choice
'It is not that we took the decision out of some vengeance.' ' 'It was not that we dropped someone because we had some enmity with him.'
An MBA from Harvard Business School, Rishad, 32, joined the company almost two years ago as a business manager in the Banking and Finance division, which was then headed by Girish Paranjpe, the present joint CEO of the company's IT business. During his stint with GE Capital, Rishad was working in the treasury. Industry analysts say that Wipro is adhering to corporate standards, by treating the chairman's son at par with other employees.
However, any progress on the deal depends upon Goyal giving up control of the company.
New regulatory rules, softer freight rates and a liquidity crunch at non-bank lenders are among the reasons.
In case Ravichandran Ashwin is ruled out, the Indian team management's preferred choice is Yuzvendra Chahal.
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
Wipro's ServiceNXT Operations framework will be utilised to manage PMI's technology and applications infrastructure.
'He doesn't leave any stone unturned in his preparations.' 'It is a treat to watch the way he pans and prepares for each format of the game.' 'The way he switches from one format to the other is simply unbelievable.'
The cases under scanner include significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of the Kochhar family in restructuring of that loan.
Authorities have been forced to make the switch owing to the crackdown on slaughterhouses.
If you are pregnant or obese you are at higher risk of swine flu.
It looks like IBM is betting on Vaswani to replicate the success he had with Dell
India's third-largest software company, Wipro, has initiated a second round of major business and executive changes within a few weeks. A fortnight ago, the company announced the appointment of Suresh Vaswani and Girish Paranjpe as joint chief executive officers of Wipro Technologies, the company's global IT arm.
Adani is the fastest growing energy company in Asia-Pacific and the second fastest in the world
Reliance was the highest bidder at Rs 63 cr for the 5 airports project.
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
"The central government had rescued other businesses by re-structuring debts to the tune of Rs 30,000-40,000 crore. Compared to this, the amount (debt) of Jet Airways was much smaller. Moreover there was a resolution (accepted) by the lenders to save jobs and to save the airline," Sharma said.
The airline has informed its flight attendants that they would be eligible for leave without pay between November 1 and December 20
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
The new push is being driven primarily by over 170,000 villages where household income is over Rs 1 lakh a year.
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