Wipro

Wipro chairman Rishad Premji's compensation down 50% as profits fall

Company filing says 'no commission payable for fiscal year'; CEO and CFO take cuts too

Wipro Consumer Care and Lighting FY23 sales cross Rs 10,000 crore

Wipro Consumer Care and Lighting on Tuesday said it has crossed the milestone of Rs 10,000 crore in overall sales in FY23, helped by 'significant growth' across geographies, brands, and categories. The domestic FMCG business grew 17 per cent for the financial year ended March 31, 2023, the company, part of Azim Premji-led Wipro Enterprises, said in a statement. Its sandalwood soap brand Santoor has now become the second largest player in the segment in India with sales of over Rs 2,650 crore. While female toiletries brand of Wipro Consumer Care and Lighting, Enchanteur, has also crossed 1,000 crore, it added. The company, which operates in FMCG and lighting products, had reported a revenue of Rs 8,634 crore for the financial year ended March 31, 2022. "FY23 was a special year with the FMCG India business growing at 17 per cent and Malaysia strengthening its No 1 position in personal care with strong growth of over 20 per cent. "Vietnam crossed the USD 100 million revenue mark wit

Infosys to open campus in Kolkata to bring office closer to talent pool

Infosys is taking these steps to minimise inter-city travel for its employees and provide them with greater flexibility

Badri Srinivasan to lead Wipro's India, Southeast Asia businesses

IT services company Wipro on Thursday announced that Badri Srinivasan will lead its India and Southeast Asia businesses. Wipro, in a statement, said Srinivasan will be taking over the leadership of these two regions to drive deeper synergies, facilitate sharing of best practices, deliver consistent and exceptional client experiences, and scale Wipro's ability to capitalise on the emerging growth opportunities. "Wipro Limited announced that Badri Srinivasan will lead the India and Southeast Asia businesses under the company's APMEA (Asia Pacific, Middle East, India and Africa) Strategic Market Unit," the statement said. Srinivasan joined Wipro in January 2022 as the Managing Director for Southeast Asia, where he led the consolidation of strategic transformational engagements with clients while strengthening the company's talent base and brand presence. The initiatives under his leadership helped accelerate Wipro's business growth and revenue expansion across key markets in the ...

Reliance, Wipro, Jubilant FoodWorks, Crompton Greaves hit 52-week lows

Max Financial, Mphasis, Emami, HDFC AMC, Pfizer, Network18, Godrej Agrovet, Laurus Labs and Motilal Oswal Financial were among 34 stocks from the S&P BSE 500 index hit their respective 52-week lows.

Wipro lays off 120 employees in US due to 'realignment of business needs'

IT major Wipro has laid off at least 120 employees in the state of Florida, the US, due to a realignment of business needs

How does outgoing TCS CEO Gopinathan's salary compare to other IT execs?

TCS CEO Gopinathan resigned on March 16 and will be replaced by company veteran K Krithivasan

Wipro hits 52-week low amid revenue growth worries; down 38% in one year

The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.

What about our onboarding? Freshers who got offer letters ask Wipro

Anguished candidates wrote on one of Govil's posts that the company should either start the onboarding process or communicate formally that Wipro would not be taking their candidature forward

Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC

Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex

How to approach IT stocks amid tighter monetary policy, recession fears?

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

TCS on the verge of closing deals worth $1 billion with Marks & Spencer

In addition to this, TCS is also working towards renewing their existing five-year engagement with the UK-headquartered company

Social sector spending by rich drops despite increase in wealth: Report

The ultra high networth individuals' (UHNIs) social sector spending declined by 5 per cent in FY22, despite a 9.2 per cent increase in their wealth and the persisting inequities in India, a report said on Thursday. Giving by the UHNI segment declined to Rs 4,230 crore in FY22, if one were to exclude the contributions of Wipro's Azim Premji, the report said. Amid the clampdown on foreign funding of non-profits, the report by consulting firm BCG and Dasra said international funding also declined in FY22. Private foreign giving dipped by about 3 per cent to Rs 15,000 crore in FY22 as compared to the contributions in the year-ago period, the report said, adding that their contribution to overall giving reduced further to 14 per cent as compared to 15 per cent in FY21 and 21 per cent in FY17. Overall, the private giving remained flat in FY22 at Rs 1.05 lakh crore compared to FY21, the report said, adding that the corporate social responsibility spends grew during the fiscal year on the

More employees need to work from offices, says Wipro Chairman Rishad Premji

Information technology major Wipro's Chairman Rishad Premji on Wednesday said more employees need to work from offices rather than from their homes. He also said that coming to office helps in establishing a connect and an intimacy which is very essential for us as humans, and made it clear that no technology can be of help on the same. "You can't build that connectedness and intimacy no matter how advanced technology gets. We are human beings. I am a big believer that we should be coming back (to offices) in some shape and form," Premji said while speaking at the NTLF 2023. Accepting that hybrid working, where an employee works both from office and homes, is the future of work, Premji said the technology industry is one of the most "spoilt" sector where people enjoy this unique way of working. "People should have flexibility to work from home but people should also be coming into organisations," he said. Premji said it was possible to work from homes in the initial days of the ..

Stocks to watch: SpiceJet, Bharti Airtel, SAIL, Wipro, Brigade Ent, Mastek

Stocks to watch today: From SpiceJet to Bharti Airtel, here are top stocks to watch in Tuesday's trading session

Wipro announces new global business line model to meet client priorities

Wipro Ltd on Monday announced four strategic global business lines as it looks to deepen alignment with clients' evolving business needs and tap emerging opportunities in high-growth segments of the market. The new model sharpens focus on strategic growth areas of cloud, enterprise technology and business transformation, engineering, and consulting, Wipro said in a release. The changes will be effective from April 1, 2023. "Wipro Limited today announced four strategic global business lines to deepen alignment to clients' evolving business needs and capitalise on emerging opportunities in high-growth segments of the market," the company said. Wipro Managing Director and CEO Thierry Delaporte said the company is now doubling down on its strategic bets to take growth to its next phase. "Our transformation journey over the past three years has yielded outstanding growth for our business. So much that we have outgrown the two-business line model that we had set at the beginning of our

Wipro President Rajan Kohli resigns after nearly three decades: Report

Kohli was the president of Wipro's Integrated Digital, Engineering, and Application Services Business Line (iDEAS), and led a team of over 100,000 employees

As IT firms delay onboarding, experts call it ethically and morally wrong

Wipro's salary cut at the fresher level is perhaps the first ever instance in the industry

Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates

On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA

Wipro freshers' dilemma: Work for half the salary or wait longer

Candidates offered annual salary of Rs 6.5 lakh asked if they will take up projects for Rs 3.5 lakh