The move is part of Sebi's efforts to address and handle challenges arising out of technological advancements in the markets such as insider trading and front running
This partnership will help Marelli to standardize, simplify and further enhance their IT services at a global level, said Wipro
Avenue Supermarts grabs 20th ranking
The board of directors has begun the process of looking for the next CEO, the company told the stock exchanges
Economic Survey for 2019-20 was tabled in Parliament on Friday and projected the country's gross domestic product (GDP) to grow between 6 - 6.5 per cent in financial 2020-21 (FY21)
Neemuchwala, who had been given the additional responsibility of MD in July last year, has cited 'family commitments' as the reason behind his departure from the Azim Premji-promoted firm
Neemuchwala is leaving due to "family commitments" and will continue to hold office until a successor is appointed, said Wipro in a regulatory filing.
Neemuchwala joined Wipro in April 2015 as the president and chief operating officer. The IT major's stock rose about 13 per cent under his tenure as the CEO
The buyback will be conducted on a proportionate basis through the 'tender offer' route
Voting, which ended on August 28, saw 99.68% of votes being cast in favour of the buyback offer
Wipro has 11 delivery centres in the DACH (Germany, Austria and Switzerland) region
Cooper's founders -Sue Cooper and Alan Cooper will join Wipro to push the company's aggressive digital strategy
Posts better-than-expected numbers, raises revenue guidance for 3rd quarter
Earnings per share (EPS) for the quarter was Rs 4.3 per share and grew 36.7 per cent YoY, the company said in its statement.
Wipro posted a 2.1 per cent year-on-year (YoY) rise in its net profit at Rs 21.2 billion for the quarter ended 30 June.
The company saw revenue dip by 2.5 % to Rs 13,423 crore as income from customers in the US rose marginally
Sees December quarter revenues from IT services to be in range of $2.01 bn-$2.05 bn
Wipro, India's third largest IT services company, is likely to achieve moderate growth for July-September quarter with revenue numbers remaining in line with its guidance. The Bengaluru-headquartered company will announce it second quarter financial results on Tuesday. Wipro's IT services revenue growth should largely remain within the band of 0.5 to 1.5 per cent in constant currency terms, said analysts. Four major brokerage firms - ICICI Securities, Prabhudas Lilladher, Edelweiss, IDBI Capital - have forecast that the company's growth in constant currency terms will vary between 0.5 to 1.5 per cent, while it might see a tad better numbers in US dollar due to cross- currency benefits. The IT major had guided -0.5 to 1.5 per cent growth in US dollar revenues for the second quarter of this fiscal. Wipro's results will be second biggest IT numbers for July-September quarter after Tata Consultancy Services posting little more than 4 per cent growth in topline for the period. TCS net ...
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However, revenue from operations rose 2% to Rs 136.69 bn as against Rs 134.23 bn in September 2017