Wipro attrition rate at 23.3%; adds over 10,000 freshers in Q1

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.

published on : 21st July 2022

Wipro reports 21% drop in Q1 net profit at Rs 2,564 crore

"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.

published on : 20th July 2022

Wipro Consumer Care diversifies into packaged food business 

“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.

published on : 15th July 2022

Wipro PARI to acquire Germany-based Hochrainer GmbH 

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.

published on : 11th July 2022

Financial services, IT bear brunt of FII selling in stocks

Among consumer durables, Dixon Technologies and TTK Prestige corrected 11% each during the fortnight under review.

published on : 5th July 2022

Wipro merges commercial lighting, seating solutions businesses to create combined unit

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.

published on : 19th June 2022

Graduates can now get 3D printer certification with MBA degree, after Alliance-Wipro partnership

Recently, several partnerships have been signed between universities, start-ups, businesses and foreign universities, to take advantage of the National Education Policy.

published on : 14th June 2022

Wipro’s Thierry Delaporte highest-paid IT sector CEO, took home `80 crore in FY22 

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.

published on : 11th June 2022

IT boom that Kerala can cash in on

In the last few months,deep-tech companies like Visteon and Blue Binaries also opened new centres at Technopark, while TCS expanded its operations.

published on : 11th June 2022

Acquisitions are complementing our offerings, says Wipro CEO

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.

published on : 4th May 2022

Wipro shares decline nearly 3 per cent after earnings announcement

The stock declined 2.84 per cent to Rs 494.50 on the BSE.

published on : 2nd May 2022

IT major Wipro reports 4% increase in fourth quarter net profit at `3,087 crore

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.

published on : 30th April 2022

Wipro to hire 38,000 freshers in FY23; offers quarterly promotion

The IT major will also increase the frequency of the promotion cycle for 70% of employees in junior bands on a quarterly basis.

published on : 29th April 2022

Wipro reports 4% increase in Q4 net profit at Rs 3,087 crore, claims industry-leading growth

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."

published on : 29th April 2022

Labour Ministry to hold 'discussion' with Infy, IT union over non-compete clause

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.

published on : 27th April 2022

19 firms apply under PLI scheme for white goods in second round

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.

published on : 27th April 2022

Wipro to acquire Rizing for about USD 540 mn

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.

published on : 26th April 2022

Staff union files plaint against Infosys over non-compete clause

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.

published on : 21st April 2022

Wipro appoints Satya Easwaran as India head

IT major Wipro on Monday announced the appointment of Satya Easwaran as the Country Head for India.

published on : 19th April 2022

Wipro founder Azim Premji praises TRS government's policies, to invest more in Telangana

Wipro has invested in a state-of-the-art soap finishing line that runs at a high speed of producing 700 soaps a minute.

published on : 6th April 2022
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