Page 32 - Wipro

Top 10 biz headlines: External benchmarking of rates, GST cut mooted & more

From RBI making it mandatory to link all fresh retail loans to an external benchmark to the FinMin crunching numbers to estimate revenue loss from GST rate cuts, here are today's top business news

Wipro secures $300 million worth IT contract from ICICI Bank

The IT firm to buy out this business from Vara Infotech for Rs 321 crore; to absorb 3,800 staffers

As demand slowdown hurts, makers of Lux, Lifebuoy, Santoor soaps cut prices

Lifebuoy and Lux are month highest-selling soap brands in India while Santoor became the first Indian soap brand to touch annual sales of Rs 2,000 crore

IT companies fume over double taxation avoidance treaty with Australia

India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the $185-190 billion global services sourcing business in 2017-18

Amid talent battle, global uncertainty, top 5 IT firms hire 57% more in Q1

Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis

Wipro gains 3% post Q1 results, but brokerages seem unimpressed with nos

The major disppointment came in the form of muted revenue guidance of 0.0-2.0 per cent for Q2FY20, implying 0-2 per cent quarter-on-quarter (QoQ) growth at the lower end and upper end, respectively.

Stocks to watch: PSU banks, ACC, DB Corp, L&T Infotech, Wipro, Mindtree

Here's a look at the top counters that are likely to trade actively in today's session.

It's continuity and change at Wipro with Rishad Premji at helm: CEO

Rishad has all the values of Azim Premji and Wipro, and he's also been part of Wipro for almost 12 years now, says CEO Abidali Neemuchwala

From Wipro results to Kulbhushan verdict, here are top events of the day

The International Court of Justice will pronounce the verdict on Kulbhushan Jadhav

Future of Wipro will outshine everything done so far: Azim Premji

Premji reminisced Wipro's journey from a small vegetable oil company to a leading information technology company

Share buyback runs into tax roadblock, govt move may hurt repurchase

More than 70 companies, including software exporter Wipro Ltd, announced or completed Rs 354.6 billion of share buybacks in the first half of 2019

Wipro exits WAISL JV, sells stake to Antariksh Softtech for Rs 55 lakh

Wipro held 11 per cent stake in WAISL with DIAL holding 26 per cent and Antariksh 63 per cent

Employee cost at Wipro grew 10% in FY19, slowest among IT majors

IT services companies around the world are seeing a rise in their employee-related costs in the backdrop of severe talent crunch faced by these companies

Wipro says protectionism, threat of global trade war pose risk to business

Wipro derives about 55 per cent of its IT services revenue from the Americas (including the US) and 25 per cent from Europe

New Wipro chief Rishad Premji likely to place big bets on product space

Rishad Premji will take over as chairman from July 31

Wipro founder Azim Premji to retire by end-July, Neemuchwala is new MD

Wipro named Chief Executive Officer Abidali Z Neemuchwala as its new MD

Wipro to gain from buyback plan, but re-rating is unlikely anytime soon

Volatile and inconsistent growth of key business verticals likely to impact top line growth

Wipro Q4 net profit rises 38%, announces Rs 10,500-crore share buyback

IT firm announces Rs 10,500-cr buyback

We're focusing on quality of revenue in large deals: Wipro's BM Bhanumurthy

While verticals like banking, financial services and insurance and consumer business are doing well, others like energy and technology will pick up from second quarter

Wipro says network faced advanced cyberattack, few customers 'impacted'

The website KrebsOnSecurity, run by independent journalist Brian Krebs, reported that hackers had compromised Wipro's systems and used them to launch attacks on the firm's clients