The Indian IT industry has been struggling to retain talent and for a few quarters now, the top IT companies are reporting over 20% attrition rate.
"Our order bookings grew 32% Y-o-Y, and our pipeline is at an all-time high," Thierry Delaporte, CEO and Managing Director, Wipro said, adding there are no signs of a slowdown.
“Our leadership changes align with our ambitions of being a significant and leading player in the FMCG space in all the markets we operate in,” Agarwal said.
Hochrainer has a significant presence in other non-automotive sectors and works with key global players in these sectors. Financial details of the transaction were not disclosed.
Among consumer durables, Dixon Technologies and TTK Prestige corrected 11% each during the fortnight under review.
Wipro Consumer Care started the Lighting business in 1992. Over the years, the business has grown both in B2B and B2C segments to make Wipro a significant player in the category.
Recently, several partnerships have been signed between universities, start-ups, businesses and foreign universities, to take advantage of the National Education Policy.
The compensation disclosed for Delaporte includes components such as a one-time cash award, as per the terms approved by the shareholders, the company said in the report.
In the last few months,deep-tech companies like Visteon and Blue Binaries also opened new centres at Technopark, while TCS expanded its operations.
Late last year, the company acquired Edgile, a cybersecurity firm, for $230 million and LeanSwift, a US-headquartered system integrator of Infor Products, for $21 million.
The stock declined 2.84 per cent to Rs 494.50 on the BSE.
IT major Wipro on Friday posted a 4% increase in consolidated net profit for the fourth quarter ended March 31, 2022, at Rs 3,087 crore compared to Rs 2,972 crore in the same quarter last year.
The IT major will also increase the frequency of the promotion cycle for 70% of employees in junior bands on a quarterly basis.
Thierry Delaporte, CEO and Managing Director, Wipro said, "We have had an outstanding year, finishing with $10.4 billion in revenues, and an industry-leading growth of 27% year on year."
Nascent Information Technology Employees Senate (NITES) had earlier filed a complaint with the labour ministry against Infosys seeking the removal of the non-compete clause from the offer letter.
They commited an investment of Rs 1,548 crore, the government said on Tuesday. These companies include eight for AC components and 11 companies for LED lights.
The transaction is expected to be completed before the quarter ending June 30, 2022, which is about Rs 4,135 crore in an all-cash deal to scale up its SAP consulting capabilities.
The pune-based Nascent Information Technology Employees Senate (NITES) claims to have received 65-70 complaints from employees of the company in the past one week.
IT major Wipro on Monday announced the appointment of Satya Easwaran as the Country Head for India.
Wipro has invested in a state-of-the-art soap finishing line that runs at a high speed of producing 700 soaps a minute.