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Wipro net profit rises to Rs 3,092 crore in Quarter 4
Business

Wipro net profit rises to Rs 3,092 crore in Quarter 4

Wipro's consolidated revenue from operations during the reported quarter grew about 28 per cent to Rs 20,860 crore

IT companies set to slash 3 million jobs by 2022 due to automation, says Bank of America report
India

IT companies set to slash 3 million jobs by 2022 due to automation, says Bank of America report

Based on average employee costs of $25,000 per annum for India-based resources and $50,000 for US resources, the move will release around $100 billion in salaries and associated expenses

IT major Wipro's profit for March 2021 quarter jumps 27.7% to Rs 2,972 crore
Business

IT major Wipro's profit for March 2021 quarter jumps 27.7% to Rs 2,972 crore

The company's revenue from operations rose by 3.4 percent to Rs 16,245.4 crore in the reported quarter from Rs 15,711 crore in the same period last fiscal

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green
Business

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green

The top five gainers were Tata Motors, M&M, Wipro, Adani Ports and NTPC, while the top losers were ONGC, HDFC, Dr Reddy’s Labs, Coal India and Power Grid Corp

Wipro net profit up 20.8 percent to Rs 2,968 crore for December 2020 quarter
Business

Wipro net profit up 20.8 percent to Rs 2,968 crore for December 2020 quarter

The company, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,102 million to $2,143 million in the March 2021 quarter

Former Capgemini COO Thierry Delaporte becomes first non-Indian CEO of Wipro, says ‘excited to be in charge’
India

Former Capgemini COO Thierry Delaporte becomes first non-Indian CEO of Wipro, says ‘excited to be in charge’

Thierry Delaporte added that as the world emerges from the COVID-19 crisis, he is confident Wipro will continue to be the 'trusted technology services partner for its customers.'

Wipro shares jump nearly 7%c on Thierry Delaporte's appointment as CEO, MD; market valuation rises to Rs 1.21 lakh cr
Business

Wipro shares jump nearly 7%c on Thierry Delaporte's appointment as CEO, MD; market valuation rises to Rs 1.21 lakh cr

In January this year, Wipro had said its CEO and Managing Director Abidali Z Neemuchwala decided to step down from the position.

Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Business

Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company

Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020

Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Business

Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June

Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.

Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers
Business

Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers

Sensex hit a high of 32,267.23 points during the day ahead of the expiry of May derivatives contracts. It finally ended 595.37 points or 1.88 percent higher at 32,200.59.

Markets end strong after subdued sessions: Sensex rallies over 990 points, Nifty surges to 9,315; Axis Bank top gainer, soars over 13%
Business

Markets end strong after subdued sessions: Sensex rallies over 990 points, Nifty surges to 9,315; Axis Bank top gainer, soars over 13%

Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.

Wipro launches global channel partner programme for innovative products, platforms; move to provide new growth opportunities
Business

Wipro launches global channel partner programme for innovative products, platforms; move to provide new growth opportunities

Several Wipro products have helped clients meet their requirements for remote working, business continuity, security, and seamless supply chain and worker safety among others

HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2
Business

HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2

HCL Tech's revenue grew 16.3 percent to Rs 18,590 crore in the quarter under review, from Rs 15,990 crore in the corresponding quarter last year, as per US GAAP

Wipro signs pact with Maharashtra govt to convert Pune facility to 450-bed COVID-19 hospital; to be handed over by 30 May
Business

Wipro signs pact with Maharashtra govt to convert Pune facility to 450-bed COVID-19 hospital; to be handed over by 30 May

Wipro said it will provide the physical infrastructure, medical furniture and equipment besides appointing an administrator and skeletal support staff to help operationalise the hospital quickly.

Hexaware Technologies Q1 net profit rises 26.3% to Rs 175 cr, revenue up 22%; suspends annual guidance for FY20
Business

Hexaware Technologies Q1 net profit rises 26.3% to Rs 175 cr, revenue up 22%; suspends annual guidance for FY20

Hexaware said the company was early in transitioning to work from home (WFH) mode, much before the government-mandated lockdown.

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL
Business

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL

The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday

Infosys shares fall 4% post-Q4 earnings; IT major refrains from giving revenue outlook for FY21
Business

Infosys shares fall 4% post-Q4 earnings; IT major refrains from giving revenue outlook for FY21

Shares of IT major Infosys on Tuesday declined nearly 4 percent after the company refrained from providing a revenue outlook for FY21, citing uncertainty amid Covid-19 outbreak that is expected to impact its business in the near-term

Infosys Q4 net profit up 6.3% at Rs 4,335 cr, revenue rises 8%; suspends FY21 guidance citing uncertainty
Business

Infosys Q4 net profit up 6.3% at Rs 4,335 cr, revenue rises 8%; suspends FY21 guidance citing uncertainty

The country's second-largest IT services player Infosys on Monday reported a 6.3 percent rise in consolidated net profit to Rs 4,335 crore for March 2020 quarter

TCS Q4 consolidated net profit dips marginally to Rs 8,049 cr, revenue rises 5% to Rs 39,946 cr
Business

TCS Q4 consolidated net profit dips marginally to Rs 8,049 cr, revenue rises 5% to Rs 39,946 cr

The country's largest software services firm Tata Consultancy Services on Thursday reported a marginal drop in consolidated net profit to Rs 8,049 crore for March 2020 quarter