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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.

 After Infosys and Wipro, now Tech Mahindra looks to lay off hundreds on 'performance' ground

After Infosys and Wipro, now Tech Mahindra looks to lay off hundreds on 'performance' ground

After Infosys and Wipro, it's now IT firm Tech Mahindra that could hand out pink slips to hundreds of employees as it looks to "weed out bottom performers".

Wipro steps up security after getting Rs 500-cr extortion email warning 'toxic protein drug' attack

Wipro steps up security after getting Rs 500-cr extortion email warning 'toxic protein drug' attack

IT major Wipro on Saturday said it has augmented security measures at all its office locations after receiving a "threatening letter from an unidentified source".

Wipro recieves 'threatening' letter; Rs 500 crore in digital currency of bitcoins demanded

IT major Wipro on Saturday said it has augmented security measures at all its office locations after receiving a "threatening letter from an unidentified source".

Wipro unveils new logo, looks to assert position

Wipro unveils new logo, looks to assert position

After almost two decades, India's third largest IT firm Wipro has revamped its logo as it looks to assert its position as a trusted digital transformation partner.

In Q1, more than 50% employees to be locals in the US: Wipro

In Q1, more than 50% employees to be locals in the US: Wipro

IT firm Wipro expects locals to constitute more than half of its workforce in the US by June as it continues to make "significant" investments in the American market amid tightening of visa norms.

Wipro Q4 profit up marginally, company announces bonus shares

Wipro Q4 profit up marginally, company announces bonus shares

Wipro on Tuesday posted a marginal increase in its consolidated profit at Rs 2,267 crore for the quarter ended March.

Wipro sacks hundreds of employees post performance appraisal

Wipro sacks hundreds of employees post performance appraisal

At the end of December 2016, the Bengaluru-based company had over 1.79 lakh employees.

Tata Steel, Wipro in world's most ethical companies' list

Tata Steel, Wipro in world's most ethical companies' list

Two Indian companies, Tata Steel and Wipro, have been named in the list of world's most ethical companies by American think tank Ethisphere Institute.

Well-positioned to continue leading India market: TCS

Well-positioned to continue leading India market: TCS

India's largest software services exporter TCS says it is confident of maintaining leadership position in the domestic market that is witnessing strong technology adoption in private as well as public sectors.

Indian IT industry faces twin challenges of Trump, automation

Automation and the new U.S. administration were the big unknowns at the Indian tech sector`s annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market.

Indian IT stocks slump over proposed H-1B visa reform bill

Indian IT stocks tumbled during the mid-afternoon trade session on Tuesday as the US government introduced a proposed visa reform bill in the US House of Representatives.

Wipro Q3 net profit falls 5.8% to Rs 2,114.8 crore

Wipro Q3 net profit falls 5.8% to Rs 2,114.8 crore

Country's third largest software services firm Wipro on Wednesday posted a 5.8 percent drop in its consolidated net profit to Rs 2,114.8 crore for the quarter ended December 31, 2016.

Wipro to acquire Brazil's IT firm InfoSERVER SA for $8.7 million

Wipro to acquire Brazil's IT firm InfoSERVER SA for $8.7 million

IT services major Wipro on Wednesday signed an agreement to acquire InfoSERVER SA, an IT service provider focussed on the Brazilian market for USD 8.7 million.