Page 4 - Wipro

Tirupati richer than Wipro, Nestle, ONGC; net worth over Rs 2.5 trn

Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC. Tirumala Tirupati Devasthanams, keeper of the temple dedicated to Tirupati's presiding deity, for the first time since its founding in 1933 declared its net worth. Its assets include 10.25 tonnes of gold deposits in banks, 2.5 tonnes of gold jewellery, about Rs 16,000 crore of deposits in banks, and 960 properties across India. All these total to over Rs 2.5 lakh crore. At current trading price, the networth of Tirupati temple is more than several blue-chip Indian firms, according to stock exchange data. Bengaluru-based Wipro had a market cap of Rs 2.14 lakh crore at close of trading on Friday, while UltraTech Cement had a market value of Rs 1.99 lakh crore. Swiss multinational food and drink major Nestle's India unit, with a market ca

Wipro announces appointment of Amit Choudhary as chief operating officer

Wipro Limited announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and member of the Wipro Executive Board

Stocks to Watch: Wipro, Dalmia Bharat, JK Cement, HDFC, Rail Vikas Nigam

Stocks to Watch today: Wipro has launched a new financial services consulting capability in India named Capco

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

Moonlighting is a conflict of interest, says IBM to its employees

IBM has asked its employees to refrain from engaging in a second job or gig in any capacity and has declared it as against the company contract

Stocks to Watch: Axis Bank, ITC, Asian Paints, Bajaj Finance, YES Bank, RIL

Stocks to Watch: The Competition Commission of India (CCI) has approved Carlyle Group and Advent International's acquisition of up to 10 per cent stake each in YES Bank

Wipro appoints Suzanne Dann as CEO for Americas 2 Strategic Market Unit

In her new role, Dann will focus on increasing bookings, large deal signings, and revenue in high-growth strategic areas.

Fired a senior employee in 10 mins for integrity violation: Rishad Premji

Wipro Chairman Rishad Premji on Wednesday revealed that one of the organisation's top 20 staff members was shown the door in connection with huge integrity issues

Indian IT companies cut hiring amid US, Europe recession fears: Report

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%

CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .

Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance

Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter

Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI

Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23

Wipro's secret of reducing attrition: Quarterly promotions, salary hikes

On delay in onboarding freshers, the company said that it will honour every hiring offer it has made

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

The glare on moonlighting: It needs creative solutions

The underlying principle of using carrot rather than sticks may work better in tackling a problem that the IT biggies cannot wish away

Moonlighting a 'question of ethics', says Wipro CEO Thierry Delaporte

Weeks after Wipro fired 300 of its employees for moonlighting, the company's CEO Thierry Delaporte on Wednesday said that while little side jobs were fine, working for a competitor is a "question of ethics". With record-high attrition rates adding to the woes of the Indian IT industry as companies face cost overloads and margin pressures, Wipro reported a marginal dip in attrition rate and said it will pay out 100 per cent variable pay to 85 per cent of the staff. Last month, Wipro Chairman Rishad Premji revealed that some 300 employees were fired as the IT services company has no place for any employee who chooses to work directly with rivals while being on Wipro payrolls. On Wednesday, at the second-quarter earnings press conference, Delaporte said Wipro contracts stipulate not taking up a side job with a competitor. Employees signing up for the company are expected "not only to dedicate time for Wipro but also keep time for themselves and for families," he said. It is "perfectl

Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%

Business Standard brings you top news of the evening

Wipro Q2 results: Net profit declines 9% to Rs 2,659 cr; revenue rises 15%

However, on a sequential basis, the IT firm's profit rose 3.72% in the quarter under review, from Rs 2,563.6 cr in the previous June quarter

Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100

CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.