Ahead of Wipro's Q1FY23 results, data suggests the net income of Wipro saw growth in Q4FY22 and stood at $406.9 million. However, it was lower than the net income in Q1FY22, reported at $434.8 million
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After IT majors TCS and HCL Technologies disappointed the Street with somber June quarter numbers, analysts expect Infosys and Wipro to follow a similar trend. Find out what investors should expect
At the bourses, shares of Wipro have tumbled over 43 per cent so far in calendar year 2022. In comparison, Nifty50 and the S&P BSE Sensex have tanked 8 per cent each.
Stocks to watch today: HCL Technologies will report June quarter results 2022 (Q1FY23) on Tuesday, July 12; Coal India ramped up capex plans to Rs 3,034 crore, up 64.8 per cent in June quarter 2022.
Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.
Hochrainer GmbH, a family-owned company, has been in operations since 1973 and employs around 130 people, Bengaluru-headquartered Wipro said in a statement
Wipro plans to boost the salaries of most of its workforce by 10% in September 2022. The top performers are likely to receive a 15% hike
The company may also withdraw some variants of other categories that were launched during the pandemic, said Vineet Agarwal, chief executive officer of Wipro Consumer Care
The technology-heavy Nasdaq Composite surged 3.3 per cent on Friday, as investors reassessed the expected path of Federal Reserve interest-rate hikes.
The corpus will be administered by the Adani Foundation
According to the technical analyst from Anand Rathi, Wipro can rally up to Rs 445, while Dabur can gain up to Rs 526.
Wipro Lighting on Sunday announced the creation of a new business unit combining Commercial Lighting and Seating solutions
Fears of a recession in the US grew after Federal Reserve's biggest rate hike in nearly three decades, followed by Swiss National Bank raising its policy interest rate for the first time in 15 years.
An economic slowdown or other factors may affect the economic health of the US, UK, the European Union, Australia or those industries where IT revenues are concentrated.
IT services company Wipro Ltd on Tuesday said it expects to ramp up employee count in Norway to 350 in the next two years, and is increasing investment there locally to help clients capitalise on digital transformation. With increased local investment, Wipro is positioning itself as a core part of the business ecosystem in Norway, the Bengaluru-headquartered IT major said in a release. "Wipro Ltd, a leading global information technology, consulting and business process services company, is increasing its investment locally in Norway to help its clients capitalise on digital transformation," Wipro said. Within the next two years the company is looking to grow from 85 to 350 employees in Norway, it said. "The increased local investment is part of our new operating model, which has identified the Nordics as one of the strategic market units in Europe. As such, we are positioning ourselves as an innovation partner to businesses in the region," Vinay Firake, Senior Vice President & ...
Top 10 Sensex losers have tanked over 20 per cent, while 5 among these have plunged over 30 per cent since October 2021
The Wipro CEO's package in FY22 was Rs 79.8 crore while the Infosys CEO, Salil Parekh drew Rs 71 crore, and the TCS CEO & MD, Rajesh Gopinathan drew 25.8 crore
In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now