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The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.
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This was the fifth consecutive quarter that the firm experienced a decrease in workforce. The firm's total employee count was 240,234 by the end of 2023
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The Maxkleen Safai Campaign, a heartwarming initiative by Maxkleen, Wipro Consumer Care’s leading floor cleaning brand was organized in Hyderabad to deep clean homes of the daily house helps.
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V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The sharp bounce in large cap IT stocks on the back of slightly positive management commentary indicates that an underperforming segment can surprise on the upside on news of a turnaround in the sector, he said.
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The suit against Dalal filed by Wipro on November 28 seeks payment of compensation of Rs 25,15,52,875 with interest of 18 per cent for allegedly violating a clause in his employment contract with the company. Dalal resigned from Wipro in September.
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The blooper video has left everyone in splits and sparked considerable attention on social media.
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The ongoing tension between Israel and Gaza continues to weigh on investor sentiment, likely resulting in subdued market conditions.
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The revenue from operations in the second quarter of the current fiscal stood at Rs 22,515 crores.
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As per a company statement, IT services segment revenue was at $2,713.3 million, a decrease of 2.3 per cent QoQ.
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The 30-share BSE Sensex fell 610.37 points or 0.92 per cent to settle at 65,508.32. During the day, it plunged 695.3 points or 1.05 per cent to 65,423.39
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First Lady of the state & co-chair of JAG, Missouri, Teresa Parson was the guest of honour for the inauguration of the office on September 14.
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The centre will offer clients round-the-clock cybersecurity monitoring, incident response, as well as remediation support, the company said.
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A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not framed for being a "mere recovery legislation for creditors".
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IT stocks are leading the gains with Wipro up more than 2 per cent, Tech Mahindra, HCL Tech, TCS are all up more than 1 per cent.
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The investment will focus on expanding AI, data and analytics solutions, developing new R&D and platforms, as well as enhancing 'FullStride Cloud' and consulting capabilities.
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The job cuts by Indian IT major Wipro are at only one location in Florida's Tampa
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Taking up cudgels on behalf of affected employees, NITES expressed concern that Wipro's move could set a dangerous precedent for other companies
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In morning trade, the scrip declined 6.18 per cent to Rs 382.55 on the BSE and 6.20 per cent to Rs 382.60 on the NSE.
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Hyderabad: Weeks after Wipro Chairman Rishad Premji sacked 300 employees who were found to be moonlighting, the debate is still on. While some appreciated the tough but much-needed stand he took, others pointed toward the low wages which encourages people to take up alternate jobs. A Twitter user, Rajiv Mehta recently posted a string of […]
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The news, first reported by BusinessLine, quoted emails sent by these companies to the freshers whose offer letters were rejected.