News WrapGet Handpicked Stories from our editors directly to your mailbox


Wipro net profit rises 12.6%, revenue rises 5.3% in Q1

IT services business grew 4.3 percent to Rs 14,189 crore for the quarter from Rs 13,841 crore a year ago, but declined 5 percent sequentially from Rs 14,565 crore.

Jul 18, 2019, 11:01 AM IST

Wipro exits WAISL JV, sells remaining 11% share to Antariksh Softtech

The sale was completed on June 26, 2019 for a consideration of Rs 55 lakh, Wipro added.

Jun 28, 2019, 12:29 PM IST

Azim Premji's pay package rose 95% to $262,054 in FY'19: Wipro

His son, Rishad Premji, who is set to take over the reins of the Bengaluru-based software services company soon, took home a compensation of USD 987,652 (about Rs 6.8 crore) in 2018-19, Wipro said in a regulatory filing on Tuesday.

Jun 12, 2019, 12:21 PM IST

Wipro founder Azim Premji to retire by July, Abidali Z Neemuchwala named as new MD

Wipro added that Rishad Premji, Chief Strategy Officer and Member of the Board, will take over as the Executive Chairman of the company.

Jun 06, 2019, 16:12 PM IST

Wipro to acquire US-based International TechneGroup Incorporated for $45 mn

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending September 30, Wipro said.

Jun 05, 2019, 17:59 PM IST

Govt sells Rs 1,150 cr worth enemy shares in Wipro

The Custodian of Enemy Property for India offloaded more than 4.43 crore shares of the company at a price of Rs 258.90 apiece, according to block deal data available with stock exchange BSE.

Apr 05, 2019, 10:12 AM IST

Bill Gates 'inspired' by Azim Premji, lauds him for commitment to philanthropy

Gates took to twitter to acknowledge Premji's commitment towards philanthropy.

Mar 25, 2019, 10:50 AM IST

Azim Premji earmarks Rs 52,750 crore to philanthropy

This is in addition to his earlier donations to philanthropy, which included Wipro's shares, as well as other assets owned by him.

Mar 14, 2019, 10:25 AM IST

Former SBI chief Arundhati Bhattacharya joins Wipro board as independent director

Earlier this week, Reliance Industries also appointed Bhattacharya on its board as independent additional director.

Oct 25, 2018, 17:12 PM IST

Wipro Q1 net profit up 2% to Rs 2,120.8 crore

The net profit, attributable to shareholders, in the year-ago period was at Rs 2,076.7 crore.

Jul 20, 2018, 17:20 PM IST

Wipro stocks tank over 4% on disappointing Q4 results

At 10.14 Wipro shares were trading down 3.20 percent at Rs 278 a piece.

Apr 26, 2018, 10:27 AM IST

Wipro Q4 net falls over 20% to Rs 1,800 crore

Wipro had registered a profit of Rs 2,267 crore in the year-ago period, as per Indian accounting norms.

Apr 25, 2018, 17:10 PM IST

IIT Kharagpur business school gets 112 campus offers

IIT Kharagpur have so far received a total of 112 offers from companies that include the likes of Wipro, HSBC, IBM and Deloitte.

Jan 09, 2018, 14:19 PM IST

Wipro shares gain over 3% after Sept quarter results

Wipro Ltd, India's third largest software firm, yesterday reported a 5.8 percent rise in net profit for three months to September but gave a muted guidance for the third quarter earnings.

Oct 18, 2017, 14:03 PM IST

Quarterly earnings, inflation data to steer mkts this week

Stock markets would be closed on Thursday and Friday for Diwali. Markets will open on Diwali (Thursday) for an hour for Muhurat trading session.

Oct 15, 2017, 11:54 AM IST

300 job aspirants protest against delayed hiring in Wipro

Fate of over 300 job aspirants hangs in balance as IT major Wipro is yet to give any joining letters to them despite giving them campus placement 20 months ago.

Sep 08, 2017, 12:47 PM IST

Wipro shareholders approve Rs 11,000-crore buyback proposal

India's third-largest software services firm Wipro on Wednesday said its shareholders have approved the company's Rs 11,000-crore buyback proposal.

Aug 30, 2017, 15:45 PM IST

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.

Aug 07, 2017, 17:45 PM IST

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.

Jul 23, 2017, 14:45 PM IST

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.

Jul 23, 2017, 12:33 PM IST