Wipro: News

Indian IT CEOs get 160% pay rise in 5 years 

The pay of Chief Executives at India's top five IT firms has surged by a whopping 160% in the last five years, data analyzed by Moneycontrol revealed.

55% of Nifty 500 stocks in downtrend: More correction expected?

The 5% fall in the Nifty index last week has dragged nearly 55% of NSE 500 stocks below their long-term trend indicator, the 200-day moving average (DMA).

Sensex crashes again, down over 3,500 points in 5 days

The Indian stock market witnessed yet another major decline today with the Sensex falling over 820 points to trade around 78,390, at the time of writing.

Wipro now allows 30 additional days of WFH per year

Wipro has revised its hybrid work policy, allowing employees an additional 30 days of remote work every year.

Wipro to consider bonus share issue on October 17

Wipro's board of directors will discuss a possible bonus share issue in their next meeting on October 17, according to the company's BSE filing.

Wipro's Thierry Delaporte was India's highest-paid CEO in FY24

Thierry Delaporte, the former CEO of Wipro, has emerged as the highest-paid executive among Nifty 50 companies in India for FY24.

Wipro's leadership exodus continues as CTO Subha Tatavarti resigns

Subha Tatavarti, the Chief Technology Officer (CTO) of Wipro, has tendered her resignation effective from August 16.

Nifty scales new peak, crosses 24,650 mark: What's driving rally

The benchmark index Nifty soared past the 24,650 mark today, marking gains for the third consecutive session.

Sensex gains over 440 points, Nifty settles above 24,140 mark

On Monday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.

Sensex gains over 180 points, Nifty settles at 23,465 mark

On Friday, the benchmark Sensex and Nifty indices saw gains.

Sensex gains 1,600 points as Modi 3.0 government nears formation

On Friday, the stock market closed in the green as NDA announced to form the government.

Infosys CEO Salil Parekh is second-highest paid in IT sector

Salil Parekh, the CEO of Infosys, has been recognized as the second-highest paid CEO in India's IT sector for FY24, with earnings of ₹66.25 crore.

Wipro joins hands with IISc's CBR for AI-backed health solutions

Wipro has announced a partnership with the Centre for Brain Research (CBR), a non-profit research organization at the Indian Institute of Science (IISc).

Adani Enterprises set to replace Wipro in BSE Sensex

Adani Enterprises is poised to replace Wipro in the BSE Sensex, as per a note from IIFL Alternative Research.

Cognizant issues termination threat to employees defying return-to-office directive

Cognizant, a leading IT firm listed on NASDAQ, has reportedly issued a severe warning to its employees.

Wipro's new CEO Pallia set to earn $6 million annually

Srinivas Pallia, the newly appointed CEO of IT giant Wipro, is set to receive an annual salary of up to $6 million in his first year.

Wipro, TCS, Infosys collectively lost 63,759 workers in FY24

In a first occurrence over the past two decades, leading Indian IT companies Tata Consultancy Services (TCS), Infosys, and Wipro have reported a collective annual decrease in their workforce.

Wipro's net profit falls 8% to ₹2,835 crore in Q4

Wipro has reported an 8% decrease in net profit for the fourth quarter of FY24, with figures dropping to ₹2,835 crore from ₹3,074.5 crore during the same period last year.

Sensex tanks 845 points, Nifty settles below 22,275 mark

On Monday, the benchmark Sensex and Nifty indices witnessed a slump.

Billionaire Azim Premji gifts shares worth Rs. 500cr to sons

Azim Premji, the founder chairman of Wipro, has gifted shares worth Rs. 500 crore to his sons Rishad and Tariq, as reported in an exchange filing.

Wipro sues former CFO Jatin Dalal

Wipro, a leading Indian software services company, has taken legal action against its former CFO, Jatin Dalal, in a Bengaluru civil court.

Wipro's revenue dips for third consecutive quarter to $2.7 billion

IT giant Wipro has posted a revenue of $2.7 billion for Q2 of FY24, experiencing a 2.3% sequential decline and a 2% drop in constant currency.

Wipro is in a state of crisis: Here's why

India's fourth-largest software services firm, Wipro, faces weak growth, declining headcount, and subdued numbers for the third consecutive quarter.

Here's how much Indian IT CEOs earned in FY23

Chief executive officers (CEOs) of Indian IT giants have always been paid handsomely.

IT giant Wipro to train 250,000 employees on AI

In the past few months, we have seen Indian IT services firms ramping up their artificial intelligence (AI) efforts. From AI-based platforms to upskilling, companies have been very active.

Sensex climbs to 61,872 points, Nifty settles above 18,320 mark

On Thursday, the benchmark Sensex and Nifty indices showed an upward trend. The Sensex rose 0.16% to 61,872.62 points while the Nifty gained 0.2% to end at 18,321.15 points.

Wipro Chairman Rishad Premji takes 50% compensation cut this year

Rishad Premji, the executive chairman of Wipro Limited, will receive a compensation of $951,353 for the financial year ending March 2023, almost 50% less than what he received in the last fiscal year. The information was disclosed in Form 20-F, which the company filed with the United States (US) Securities and Exchange Commission.

Wipro offers freshers reduced pay as onboarding delays continue

Freshers who joined Wipro and are waiting to join Wipro aren't having a great time. The company recently fired 453 freshers citing poor performance.

Infosys fires 600 employees after they fail freshers assessment test

A failed internal freshers assessment (FA) test has resulted in the axing of 600 freshers by Indian IT services giant Infosys.

Wipro fires 452 freshers citing poor performance in internal assessment

India's leading IT firm Wipro has fired over 450 new employees citing poor performance amid unabated layoffs in the corporate and IT sectors.

HCL Q3 results: Profit rises 19% year-over-year to Rs. 4,096cr

HCL Technologies has released its financial results for the current fiscal year's third quarter.

Infosys Q3 results: Profit increases 13% year-over-year to Rs. 6,586cr

Infosys has announced its financial results for the current fiscal year's third quarter.

Freshers left in lurch as Wipro, Tech Mahindra delay onboarding

India's IT sector is in turmoil. The fear of recession in the US and European markets has caught Indian IT companies in a pickle.

Wipro fires 300 employees for moonlighting for rivals, violating integrity

Information Technology giant Wipro has fired 300 employees for moonlighting, Chairman Rishad Premji said on Wednesday.

Bengaluru floods: Wipro, Prestige, Eco Space among high-profile encroachers' list

The Karnataka government has begun an assessment of the recent disastrous floods in Bengaluru with the Bruhat Bengaluru Mahanagara Palike (BBMP) identifying encroachers who occupied drains.

WFH ends; What Cognizant, TCS, HCL, and others have planned

When the COVID-19 pandemic hit in 2020, work from home or WFH became a more common model for employees in the formal sector.

Assam NRC data goes offline, Government says 'technical issue'

The Ministry of Home Affairs on Wednesday cited "technical issues" after the data on Assam's National Register of Citizens (NRC) disappeared from its official website.

Wipro Founder Azim Premji will retire next month, confirms company

Wipro founder and business tycoon Azim Premji will retire from the company on July 30, 2019.

#BreachAlert: Wipro's system compromised in phishing attack, customers targeted

Wipro, one of India's largest IT services providers, is dealing with the situation of a security breach.

Business Roundup: Here are today's top 5 Business news

Wipro announces 6-7% average increment for 2018

India's third-largest software services exporter, Wipro, has announced a 6-7% average increment for its employees for the year, effective from June 1.

IT jobs around India: From freshers to experts

If you are looking for jobs in information technology (IT), you are in luck. Topmost companies around India are looking for candidates in a variety of roles.

Wipro struggles to keep employee strength

Wipro lost 1,206 employees in the last quarter of 2017.

Bengaluru Wipro techie attacked allegedly for trying to save cows

Violence over cow protection works both ways. This time, a female techie with Wipro in Bengaluru was assaulted allegedly for complaining about cow slaughter.

Trump Effect? Wipro says 50% workforce in US are locals

Software giant Wipro announced that over 50% of the company's employees in the United States are locals.

Bengaluru: Wipro threatened once again by ransomware

Bengaluru offices of the IT giant, Wipro received yet another threat by a ransomware on Wednesday, seeking Rs. 500 crore in bitcoin.

Wipro layoffs are more of a Bot-issue than Trump scare

IT sector is facing too many obstacles all at once. First, it was the Trump wave and now it's the rise of automation.

Wipro Q4 numbers show decent gains, steady pace

The IT industry's growth trajectory, as reflected by Q4 results of TCS and Infosys, has been an uninspiring one.

Wipro Layoffs: Tech major sacks 600 employees across India

At a time when Indian IT sector is facing hardships, India's third-largest software services firm Wipro has reportedly sacked hundreds of employees.

TalkTalk - A victim of Indian scam call center

Customers of British telecom giant TalkTalk are being targeted by an India-based industrial-scale fraud network, three whistleblowers have revealed to the BBC.

Wipro's massive drive to drive automation

Indian software company Wipro is looking to bolster automation across the company's varied segments, enabling greater productivity.