Abidali Z Neemuchwala
Recent Highlights
All Stories for Abidali Z Neemuchwala
Wipro September quarter net profit jumps 35% to Rs 2,552 cr, beats estimates; revenue up 4%
Fp Staff •Wipro reported a better-than-expected September-quarter profit on Tuesday, as the Indian software exporter managed to withstand a global spending squeeze among its financial clients that has hurt the sector overall
Mukesh Ambani, IOC's Sanjiv Singh, ONGC's Shashi Shanker in list of world's top CEOs
•Richest Indian Mukesh Ambani, Indian Oil Corporation (IOC) Chairman Sanjiv Singh and ONGC head Shashi Shanker are among the 10 Indian CEOs named in the CEOWORLD magazine's global ranking of the world's most influential chief executives in 2019
Azim Premji's pay package rose 95% to $262,054 in FY19; CEO Abidali Neemuchwala's package grew 41% to $3.9 mn: Wipro
•Rishad Premji, who is set to take over the reins of the Bengaluru-based software services company soon, took home compensation of $987,652 (about Rs 6.8 crore) in 2018-19
Rishad brings new ways of thinking and competence, will lead Wipro to greater heights: Azim Premji to staff
•In a message to employees, Premji exuded confidence that Wipro will continually transform to scale new heights as the world changes but remain firmly committed to its values.
Azim Premji to retire as executive chairman of Wipro on 30 July; son Rishad to take over
•Azim Premji, one of the pioneers of the Indian technology industry and founder of Wipro Limited, will retire as executive chairman upon the completion of his current term on 30 July, 2019.
Breach of employee accounts will not have any effect on Wipro's financials, says COO
•A few of its employee accounts had been affected by an "advanced phishing campaign", and it has taken remedial steps, Wipro COO B M Bhanumurthy said
Wipro Q3 net profit rises 31.8% to Rs 2,544.5 crore; revenue from operations expands 10.17% to Rs 15,059.5 crore
•Wipro's board has also approved an issue of bonus shares - offering one bonus share for every three held by shareholders, a BSE filing said.
Wipro sees challenges in healthcare business in US amid Obamacare uncertainties
•The healthcare market accounts for nearly 13 percent of Wipro’s IT sales and reform of the sector in the United State
Wipro Q2 net profit drops 14% to Rs 1,889 cr; names Arundhati Bhattacharya as independent director
•Wipro, which gets bulk of its topline from IT services, said the IT services segment revenue was at Rs 14,380 crore ($2 billion).
Wipro bags biggest-ever contract of $1.5 bn from US firm Alight Solutions; 10-year deal to result in $1.6 bn in revenues
•In July this year, Wipro had partnered Alight Solutions to take over the latter's captive operations in India - Alight HR Services India - for a consideration of $117 million.