WIPRO

  • Sensex, Nifty flat; Reliance & Infosys up, HUL falls September 29, 2014

    Mumbai: Sensex on Monday fell 29 points to end at 26,597.11 while Nifty sliped 10 points to close at 7,958.90. Earlier the market has opened on a flat note. The Sensex is up 8.81 points at 26635.13 and the Nifty is up 9.60 points at 7978.45. About 474 shares have advanced,...
  • Wipro Q1 profit rises 29.5 per cent to Rs 2,103 crore July 24, 2014

    Bangalore: IT services major Wipro on Thursday reported a 29.5 per cent growth in its consolidated net profit at Rs 2,103.2 crore for AprilJune period, helped by large deals in the application and infrastructure space. The cityheadquartered firm had posted a net profit of Rs 1,623.3 crore in the yearago period,...
  • Sensex at 10day high, IT pack leads rally on TCS earnings July 18, 2014

    Mumbai: The benchmark Sensex on Friday surged over 80 points to close at 25,641.56, its highest in 10 days, on sustained buying by foreign funds in IT shares after encouraging earnings from TCS. After opening in the negative zone and slipping further to 25,441.24 on profitbooking and a weak global cues...
  • EC lodges complaint against IT firms for working on polling day April 25, 2014

    Chennai: Some of the top IT companies and IT enabled services companies in Tamil Nadu are facing charges under the Representation of People's Act and the archaic Tamil Nadu Shops and Establishments Act for not declaring a paid holiday on the voting day. According to state labour department officials IT...
  • Constant thinking about next big idea is wrong, says Azim Premji April 22, 2014

    Hyderabad: Even as B-school graduates head out with big ideas of businesses and innovations, business tycoon and philanthropist Azim Premji, while handing out graduation certificates to students at Hyderabad's ISB urged them to focus on ordinary things. Here is the full text of Azim Premji's speech Good afternoon. It's a great pleasure...
  • Sensex, Nifty end at new closing high; Sesa Sterlite up 5 per cent April 21, 2014

    Mumbai: The market ended on record closing high strong support by capital goods, banks, metals and auto stocks. The Nifty ended at record closing high of 6817.65 up 38.25 points while the Sensex was up 135.99 points at 22764.83. About 1701 shares advanced, 1000 shares declined, and 169 shares...
  • Wipro's Q4 profit rises 28.8 pc to Rs 2,226.5 crore April 17, 2014

    Bangalore: The country's third-largest software services firm Wipro on Thursday posted a 28.8 per cent increase in profit to Rs 2,226.5 crore in the quarter ended March 31 on the back of improving global economic sentiment and cost optimisation. The Bangalore-based firm had registered a profit of Rs 1,728.7 crore in...
  • Sensex at fresh record high as RBI keeps rates unchanged April 1, 2014

    Mumbai: Beginning the new fiscal year on a high note, the BSE benchmark Sensex on Tuesday rose by 60.17 points to all-time closing high of 22,446.44 in a volatile session after the RBI kept key policy rates unchanged. The 30-share index continued its record setting spree for the seventh session with...
  • Top 10: The world's richest tech billionaires in 2014 March 4, 2014

    Microsoft co-founder Bill Gates has regained the title of the world's richest man in the Forbes magazine's annual billionaire list that includes 56 India-based billionaires. Apart from the richest people on the planet, the list also details the world's richest billionaires in the world of tech. Google's Larry Page has...
  • Veer: Visually impaired Ankit Jindal is the marketing manager at Wipro February 17, 2014

    Bangalore: According to some estimates India has almost 70 million people living with some form of disability, but hardly 1 per cent of them are employed. Ankit Rajiv Jindal, marketing manager at Wipro in Bangalore, shrugs off his impairment as easily as he carries off his skills. Jindal can rattle off...
  • Once the preserve of youth, Indian IT staffing enters middle age January 29, 2014

    Mumbai: The executive suite is not the only place that is greying in India's 40yearold information technology sector. As the $108billion industry enters middle age and its growth slows, the threemillionstrong workforce is also getting older, making it harder to extract some of the cost advantages of the young, cheap labour...
  • Sour start to 2014: Sensex plunges 30 points, logs first day1 drop since 2006 January 1, 2014

    Mumbai: The benchmark Sensex gave up initial gains in a lacklustre session today following the absence of global triggers and ended with a 30point loss, logging a drop on the opening trading day of the year for the first time since 2006. Most global stock markets, including those in Asia, Europe...
  • Azim Premji tops India philanthropist list November 13, 2013

    New Delhi: Wipro chief and IT tycoon Azim Premji tops the list of Indian philanthropists with donations amounting to Rs 8,000 crore in the past year, followed by HCL chairman Shiv Nadar, a report said. Premji, 68, who owns 57 per cent of Wipro, has donated 10 per cent stake in...
  • Sensex falls 265 points as bulls pause for breather November 5, 2013

    Mumbai: The Sensex and Nifty snapped a fiveday winning streak Tuesday, even as an increasing number of players are turning positive on India. The Sensex shed 264.57 points or 1.25 percent to close at 20974.79, and the Nifty fell 64.20 points or 1.02 percent to end at 6253.15. While the...
  • Wipro falls nearly 6 per cent as revenue growth lags peers October 23, 2013

    Shares of Wipro Ltd fell as much as 6.3 per cent after its JulySeptember revenue in dollar terms grew 2.7 per cent sequentially, lagging other major IT services exporters, dealers said. HCL Technologies Ltd's dollar revenue grew 3.6 per cent in JulySeptember from AprilJune, while it was 3.8 per cent at...
  • Wipro to replace Reliance Infra in Nifty August 28, 2013

    Indian software services exporter Wipro Ltd(WIPR.NS) will replace Reliance Infrastructure Ltd(RLIN.NS) in the National Stock Exchange's 50-stock Nifty effective September 27, the NSE said in a statement on Tuesday. Wipro had been excluded from the NSE index from April 1. "A corporate action like our demerger of a listed company would generally...
  • Premji sees doubledigit growth for Wipro in coming years July 26, 2013

    Bangalore: Wipro is poised for doubledigit growth in the coming years as the US market is recovering and consumer spending improving, Chairman Azim Premji said on today. Wipro can achieve growth levels in doubledigits of at least 15 per cent in US dollar terms in the coming years as the...
  • Has the government acted too late on FDI? July 16, 2013

    New Delhi: With stocks falling, rupee sliding, rising inflation and factory output at its lowest in 11 years, has the government acted too late to revive the Indian economy? Industry leaders feel it will take some time for these steps to bring about any positive change for the Indian economy....
  • US senator accuses TCS, Infosys, Wipro of abusing H1B visas April 23, 2013

    Washington: Amidst Congressional debate on the comprehensive immigration reform, a top US Senator has accused big Indian IT companies TCS, Infosys and Wipro of abusing the H1B visa system. "There are some specific abuses of H1B," Senator Richard Durbin, said during a Congressional hearing on immigration reform by...
  • Wipro slumps after projecting weak forecast April 22, 2013

    Mumbai: Shares in Wipro Ltd, India's thirdlargest software services provider, fell as much as 8.8 per cent in opening trade after it gave weakerthanexpected quarterly sales forecast on Friday. Wipro joined No. 2 player Infosys Ltd in delivering tepid revenue outlook, citing a delay in the closure of deals. Wipro also reported...
  • Wipro Q4 profit up 16.73 per cent at Rs 1,728.7 crore April 19, 2013

    Mumbai: IT major Wipro Ltd on Friday reported 16.73 per cent increase in net profit to Rs 1,728.7 crore for the fourth quarter ended March 31, 2013. The country's third largest software services firm's net profit stood at Rs 1,480.9 crore in the yearago period. The consolidated total income of...
  • Sensex hits sevenmonth closing low; Infosys slumps April 12, 2013

    Mumbai: The BSE Sensex fell to its lowest close in seven months on Friday after Infosys' lowerthanexpected revenue guidance raised concerns about the outlook for the software services exporting sector. The Sensex provisionally fell 1.7 per cent to its lowest close since September 13, 2012. The Nifty fell 1.2 per cent. Infosys...
  • Wipro shares slump on first trading session after split April 9, 2013

    Mumbai: Shares in Wipro Ltd, India's No.3 software services provider, fell as much as 11.3 per cent on Tuesday, which marked the first trading session as a standalone IT stock after splitting its other businesses into a separate unit. Wipro's splitoff announced in November 2012 legally took effect on March 31,...
  • 'Wipro one of the world's most ethical cos' March 6, 2013

    Bangalore: Wipro Ltd on Wednesday said it has been recognised by the Ethisphere Institute, a leading business ethics think-tank, as one of the 2013 World's Most Ethical (WME) Companies, for the second year in a row. The Ethisphere Institute is an international organisation dedicated to the creation, advancement and sharing...
  • Azim Premji, the philanthropist tycoon, sets an example February 23, 2013

    The third richest Indian, Wipro chairman Azim Premji, has done it again. Setting an example for the other billionaires in the country, the Wipro Chairman on Friday transferred shares worth about Rs 12,300 crore to his philanthropic arm, the Azim Premji Trust. This is the largest philanthropic transfer by any...
  • Premji transfers Wipro stock worth Rs 12,300 cr to trust February 22, 2013

    Bangalore: Giving more to philanthropy, IT czar Azim Premji on Friday announced transfer of 295.5 million equity Wipro shares worth Rs 12,300 crore held by certain entities controlled by him, to an irrevocable trust. The trust will utilise the endowment to fund, various social, not-for-profit initiatives of Azim Premji Foundation,...
  • Wipro to be excluded from NIFTY, shares tank February 14, 2013

    New Delhi: IT major Wipro will be dropped from the National Stock Exchange's benchmark index Nifty from April 1 as its nonIT businesses are hived off into a separate unit. "A corporate action like our demerger of a listed company would generally result in a shortterm withdrawal of the scrip...
  • Azim Premji says son will not be CEO of Wipro January 24, 2013

    Davos: IT czar Azim Premji has said his son Rishad will never be the Chief Executive of his company Wipro, but will represent promoter ownership on the company's board. Rishad, 35, joined Wipro in 2007 as Business Head for Special Projects in the banking and financial services vertical and rose...
  • Wipro results temper IT sector euphoria January 19, 2013

    Mumbai: India's no.3 software services provider Wipro Ltd's lessthanperfect score on its quarterly earnings report card threw a measure of doubt over the sector's nearterm outlook, with new projects and contracts still elusive. Since a week ago, betterthanexpected results from Infosys Ltd, Tata Consultancy Services Ltd and HCL Technologies Ltd...
  • Wipro quarterly profit rises 18 pc, beats estimates January 18, 2013

    India's No 3 software services provider Wipro Ltd posted an 18 per cent gain in quarterly profit, joining bigger rivals Tata Consultancy Services Ltd and Infosys Ltd in reporting betterthanexpected earnings. Wipro, whose customers include Apple Inc and BP PLC, said net profit for the three months ended December rose to...