At the NSE also, after an upbeat start and a gain of 2.31 per cent in early trade, the stock was later trading at Rs 572.90, lower by 0.52 per cent.
In comparison, Infosys revenue grew by 6% q-o-q whereas Tata Consultancy Services reported revenue growth at 3.9%.
After the first wave, rural markets had recovered quickly and reported almost double growth compared to the urban markets.
20 per cent of workforce to remain remote for next two years despite increasing vaccinations, says report
Several IT giants and tech start-ups have already announced plans towards a swifter adoption of the hybrid work model where employees will not be expected to attend offices.
Wipro Limited will initiate merit salary increases (MSI) for all eligible employees up to Band B3 (Assistant Manager and below).
The net proceeds of the notes, which are proposed to be listed on Singapore Exchange Securities Trading Ltd, are intended to be utilised for refinancing existing debt and general corporate purposes.
This initiative aims to co-create new frameworks, shape forward-thinking people policies and utilise tools and technologies to collectively build human-first work standards.
Purohit brings with him over 25 years of experience across banking and financial services, the Bengaluru- headquartered information technology services major said in a statement.
The net proceeds of the notes, which are proposed to be listed on the Singapore Stock Exchange, are intended to be utilised for refinancing existing debt and general corporate purposes.
Unlike the 4-8 per cent salary hikes announced by IT majors last year, global rivals as well as tech unicorns are currently offering double digit remuneration hikes.
While addressing a lecture series organised by Delhi-based platform, Wipro Founder-chairman also said that the country must come together as one as the situation required unity of action.
The demand for skills in cloud computing, data analytics, cyber security, DevOps, machine learning etc has also led to higher attritions for the fourth quarter of FY21.
As per the LinkedIn survey, the emergence of the remote workplace model has especially made the tech services firm a favourite among the employees
The skill-based bonuses will be released as soon as this week and will be essentially for domains like data analytics, cybersecurity and based on individual performances.
Peers such as Tata Consultancy Services and Infosys have also stated that they will remain focused on M&As especially due to the drop in company valuations.