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Sensex slips into the red; IT stocks tumble

Sensex slips into the red; IT stocks tumble

Benchmark Sensex succumbed to fag-end profit booking to close lower at 32,274 on Monday as investors dialled down on fresh bets due to absence of fresh triggers and muted earnings by some corporates.

India Inc pay gap: CEOs earn up to 1,200-times of average staff

India Inc pay gap: CEOs earn up to 1,200-times of average staff

An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex -under directions of the capital markets regulator Sebi -shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.

Wipro has invested heavily in data: CEO Neemuchwala

Wipro has invested heavily in data: CEO Neemuchwala

Neemuchwala also said the company has invested in some very specific IPs which are internal company IPs, and also bagged a very significant deal with a customer couple of quarters back.

Wipro redeployed about 12,000 people in 2015, says CEO Abidali

Wipro redeployed about 12,000 people in 2015, says CEO Abidali

A few sections of media had earlier reported that the bots took over jobs of 12,000 employees at Wipro last year.

News@5: Wipro announces Rs 11,000-cr share buyback after 8% drop in Q1 results

This segment of Zee Business gives information Presidential poll result, Wipro Q1 net profit and other important news of the day. watch full video to know more!

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Wipro announces Rs 11,000 crore share buyback

The company said it will disclose additional information on the terms and conditions of the buyback in due course in accordance with Buyback Regulations.

Q1 earnings to steer markets this week: Experts

Q1 earnings to steer markets this week: Experts

"This week is likely to be driven by the earnings calendar," said Abnish Kumar Sudhanshu, Director and Research Head, Amrapali Aadya Trading and Investments.

Infosys wipes out early gains, ends 0.5% lower on late sell-off

Infosys wipes out early gains, ends 0.5% lower on late sell-off

Infosys, India's second-biggest software services exporter, today reported better-than-expected 1.3 percent rise in its June quarter net profit on winning key clients in North America and Europe and raised its annual US dollar revenue outlook.

Hiring 10,000 in US in 2 years, we do that in India in 2 quarters: Infosys

Hiring 10,000 in US in 2 years, we do that in India in 2 quarters: Infosys

Asserting that hiring in the US will not impact its recruitment plans in India, the Bengaluru-based company said it has rolled out campus offers to 19,000 people here.

Infosys to execute capital allocation plan 'as soon as possible'

Infosys to execute capital allocation plan 'as soon as possible'

The Bengaluru-based company, which posted better-than- expected 1.3 per cent increase in its June quarter net profit, however, sidestepped questions on the recent reports of stake sale by the founders.

Infosys June quarter profit shines with key client wins

Infosys June quarter profit shines with key client wins

Infosys, India's second-biggest software services exporter, today reported better-than- expected 1.3 per cent rise in its June quarter net profit on winning key clients in North America and Europe and raised its annual US dollar revenue outlook.

TCS upbeat on client spending after first-quarter profit dip

TCS upbeat on client spending after first-quarter profit dip

Top Indian software services exporter Tata Consultancy Services (TCS) said on Thursday it was optimistic about client spending on technology even as a cautious global environment and a stronger rupee dented first-quarter profit.

Locals form over 50% of workforce in US, says Wipro

Locals form over 50% of workforce in US, says Wipro

IT major Wipro on Wednesday said that locals now form over 50 percent of its workforce in the United States.

Wipro flags cybersecurity breaches as potential risk to biz

Wipro flags cybersecurity breaches as potential risk to biz

IT major Wipro has listed cybersecurity breaches as a potential risk to its business, stating that such attacks could lead to financial obligations to its customers.

Wipro ADRs slump on the NYSE; company clarifies on bonus issue

Wipro on Monday said the date for issuing bonus or stock dividend to the holders of its American Depository Receipts is yet to be finalised, amid the ADRs witnessing steep fluctuations in pre-market trading on the New York Stock Exchange.

IT stocks continue to see selling pressure, down up to 3.6%

IT stocks continued to witness selling pressure for the second straight session Thursday, falling by up to 3.6 percent amid rising concerns as the sector is facing challenges on multiple fronts including stricter visa regime in key markets.

Reports of job losses overstated, to hire 20K this year: Infosys

Reports of job losses overstated, to hire 20K this year: Infosys

IT services major Infosys on Friday said it will hire 20,000 people this year as against only 400 people being asked to leave on performance grounds and termed reports of large-scale job losses as "overstated".

Layoffs rile India's flagship IT sector, tough times likely to continue

Layoffs rile India's flagship IT sector, tough times likely to continue

IT outsourcing has long been one of India`s flagship industries but experts say automation, a failure to keep up with new technologies and US President Donald Trump`s clampdown on visas is creating industry-wide upheaval.

Employee separation offer 1st time in India, US: Cognizant

Under fire for its 'employee separation package', IT firm Cognizant has said the company has offered it in India and the US for the first time, unlike its peers who keep taking such steps regularly.

No mass layoffs; workforce realignment happens every year: Nasscom

No mass layoffs; workforce realignment happens every year: Nasscom

Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year.