The shares of Wipro were trading at Rs 378.95 at 12.56 pm in the afternoon, down 7.11 per cent from the previous close. The IT major reported a decline of 9.27 per cent in its consolidated profit after tax at Rs2,659 crore for the quarter ended September 2022. The PAT of the firm was […]
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Wipro joins WEF initiative to advance racial justice, social equality
IT software major Wipro Ltd has joined the Partnering for Racial Justice in Business initiative launched by the World Economic Forum to promote a culture of diversity, inclusion, equity, and justice for people of all racial backgrounds in the workplace. The initiative is aimed towards driving action and accountability for companies to confront racism at a systemic level, set new […]
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Wipro employees had a role in Citi’s big blunder
Two Wipro employees had a role to play in what has been described as one of Citibank’s biggest blunders. The case involves one where Citibank acted as an administrative agent for a term loan taken by Revlon, and where it was to wire approximately $7.8 million in interest payments to Revlon’s lenders. Instead, […]
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Equity indices flat amid mixed global cues, IT stocks gain
Equity benchmark indices were flat with a positive bias during early hours on Friday but IT stocks surged ahead with some gains. At 10:15 am, the BSE S&P Sensex was up by 64 points or 0.12 percent at 51,596 while the Nifty 50 ticked higher by 19 points or 0.12 percent to […]
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Indian shares slip as IT stocks drag after Infosys, Wipro results
Indian shares edged lower on Thursday as investors booked profits in IT stocks after heavyweights Infosys and Wipro posted December-quarter results, while awaiting details on a major U.S. stimulus package due later in the day. The blue-chip NSE Nifty 50 index fell 0.2% to 14,543 and the benchmark S&P BSE […]
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Wipro names Thierry Delaporte as CEO
India’s Wipro Ltd on Friday named Thierry Delaporte as the new chief executive officer and managing director of the IT company, replacing Abidali Neemuchwala. Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group. Wipro said in January Neemuchwala had decided to step down […]