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.
Benchmark Sensex and Nifty closed at new lifetime high levels on Monday on foreign fund inflows and buying in index majors HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 529.03 points or 0.80 per cent to settle at its new all-time closing high of 66,589.93. During the day, it climbed 595.31 points or 0.90 per cent to hit its lifetime intra-day peak of 66,656.20. The NSE Nifty went up by 146.95 points or 0.75 per cent to end at a new record high of 19,711.45.
Investors' wealth fell by Rs 2.89 lakh crore in two days of market fall, with the BSE Sensex tumbling 796 points on Wednesday, amid weak global market trends ahead of the US Federal Reserve's interest rate decision. Fresh foreign fund outflows and caution ahead of a host of interest rate decisions from global central banks also added to the overall bearish trend. Besides, the US Fed meeting, the BoE (Bank of England) and the BoJ (Bank of Japan) are also scheduled to meet this week.
Wipro Ltd has informed BSE that the board of directors vide the circular resolution effective January 13 resolved to issue and allot 4870 equity shares of Rs 2 each pursuant to exercise of stock options by eligible employees.\n\n\n\n
IT solutions and services provider Wipro is looking at acquiring companies worth over $100 million each to fill various technology gaps and expand to newer geographies.
Wipros Australian Development Centre will provide consulting, software development, testing and business process services to domestic and global companies in Australia.
From the Sensex pack, ITC, Bajaj Finserv, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, HCL Technologies, Wipro, UltraTech Cement, Maruti and Infosys were the biggest gainers. Tata Steel, Tech Mahindra, Nestle, Larsen & Toubro, Tata Motors and Titan were among the laggards.
IT firm Wipro Ltd on Wednesday reported 21.26 per cent growth in consolidated net profit at Rs 1,217.4 crore (Rs 12.174 billion) for the third quarter ended December 31, 2009.
Indian IT services companies have seen several CEO changes that have, over the past few months, led to some crucial exits at the mid-senior level in a trend that is likely to continue. According to a recent Motilal Oswal report, "Movement of mid-to-senior leadership at IT services firms is a reality, partially on account of multiple CEO-level changes.
Shares of software services firm Wipro fell by over 5 per cent in the morning trade today even as the company reported 18 per cent rise in its consolidated net profit for the third quarter ended December 31, 2012.
The body of 26-year-old Anup Kumar Agarwal was recovered from railway tracks between Byappanahalli and Krishnarajapuram stations on December 23, a few days after the company discovered the fraud and his alleged role in it.
Wipro, the information technology to soaps conglomerate, says it is unlikely, at least for now, to file a formal complaint against the employee who recently siphoned off around $4 million (around Rs 18 crore) from the company's bank account by accessing a colleague's password.
Sun Microsystems India and Wipro Technologies on Thursday announced the setting up of the first-ever Sun Centre of Excellence for Java enterprise system in India.
In a move towards gender inclusion, Tamil Nadu has partnered Godrej Consumer Products (GCPL) to offer a 5 per cent job reservation for LGBTQAI+ and people with disabilities at GCPL's upcoming fast-moving consumer goods manufacturing unit in Thiruporur in Chengalpattu district. According to industry experts and activists, while companies acknowledge transgender communities, this is the first time the entire spectrum of gender minorities, including lesbian, gay, bisexual, transgender, queer/questioning (one's sexual or gender identity), asexual and intersex, is receiving such a notable share of job participation in the private sector while signing memoranda of understanding with states.
Azim Premji-led Wipro Ltd on Friday said it will acquire 100 per cent stake in Singapore-based Unza Holdings Ltd in an all cash deal worth Rs 1,010.2 crore (Rs 10.102 billion or $246 million).
Total revenues were Rs 27,124 crore ($6.03 billion), representing an increase of 6% over the same period last year.
From the Sensex pack, Mahindra & Mahindra emerged as the biggest gainer, climbing nearly 5 per cent. Power Grid, Tata Motors, Reliance Industries, NTPC, Axis Bank, Nestle, Kotak Mahindra Bank, Asian Paints and Wipro were among the other major gainers. Maruti, HCL Technologies, Bajaj Finance, IndusInd Bank, Infosys and Tata Steel were among the laggards.
Total income from operations during the reporting quarter stood at 10,620.3, against Rs 9,064.5 crore in the July-September period of last fiscal, an increase of 17.16 per cent.
From the Sensex pack, NTPC, Tata Motors, Larsen & Toubro, Bajaj Finserv, Bharti Airtel, HDFC Bank, Reliance Industries, Titan, Power Grid and State Bank of India were the major gainers. ITC, UltraTech Cement, Tech Mahindra, Tata Steel, Wipro, Tata Consultancy Services and JSW Steel were among the laggards.
The project, in its entirety, is estimated to be about Rs 2,000 crore (Rs 20 billion).
'AI may perform tasks, but deep expertise and specialisation remain uniquely human.'
From the Sensex pack, Tata Motors, HCL Technologies, Power Grid, Tech Mahindra, NTPC, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Wipro, Nestle, Tata Consultancy Services and Infosys were among the major gainers. Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, UltraTech Cement, IndusInd Bank and State Bank of India were the major laggards.
Senapaty indicated that Wipro's acquisitions, whenever they are made, would be large, saying the company generally avoided very small companies because "the impact is not going to be felt."
Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Titan were among the other major gainers. Bharti Airtel, Power Grid and NTPC were the laggards.
Wipro Technologies is acquiring US-based Quantech Global Services for $10 million in an all cash deal to strengthen its competence in mechanical engineering design and analysis services.
Megasoft became the third Indian software vendor to have attracted the World Bank's ire, while Nestor Pharmaceuticals and Gap International were non-IT entities.
Total income has increased from Rs 6,345.7 crore for the quarter ended June 30, 2009 to Rs 7,371.5 crore.
As a direct fallout of the controversy over the Vedic Village resort, the West Bengal government has decided to scrap its proposed IT township, meant to accommodate Infosys and Wipro, near the resort.
Wipro Technologies on Monday said it has acquired Austrian firm NewLogic for $56 million in an all cash deal.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
The Nifty IT Index, the gauge for the performance of information technology (IT) stocks, was the worst performer on the stock exchanges on July 29, a day after Infosys posted lower-than-expected earnings growth for the June quarter and sharply cut its revenue growth guidance for 2023-24 (FY24). The IT index was down 4.1 per cent, its biggest one-day fall in three months. The decline was led by Infosys, with its shares plunging nearly 8 per cent, followed by HCLTech (-3.2 per cent), Wipro (-3.0 per cent), and TCS (-2.7 per cent).
This transaction was done by Premji's personal investment entity Zash Investments Limited. The stake was bought from ICICI Ventures, a private equity arm of ICICI Bank, sources said. Subhikha Managing Director R Subramanian was not available for comment.
