"Over the past six months, Wipro hired over 1,600 employees by attracting and nurturing local talent to drive innovation and help transform clients’ businesses into digital enterprises," Wipro said in a statement. Over 3,000 locals joined Wipro during FY2016-17, it added.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Bank of Baroda and Indiabulls Housing Finance and can buy Wipro.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9620-9560 and the resistance is at 9700-9724. On the other hand, Bank Nifty has support at 23530 while the Index has resistance at 23880.
While India’s large pre-internet era companies are grappling to transform their revenue models, which are stuck on effort-based billing Anand Deshpande, founder and chairman of Persistent Systems, believes the game is over for that kind of model.
There have been reports of layoffs across companies like Wipro, Infosys, Cognizant and Tech Mahindra that have initiated annual performance reviews, a process that weeds out bottom performers or non-performers.
The appointment is effective July 3, 2017, Infosys said in a statement. Prior to Wipro, she has served as managing partner of a mid-sized law firm in Silicon Valley and has also worked with ITC Ltd as the in-house counsel.
India’s third largest IT services firm Wipro today said the new era of interconnected devices is a launch pad for the 'hacking for hire' industry.
Wipro has won an IT applications managed services engagement with Valmet, headquartered in Finland.
Wipro has won an IT applications managed service contract from Finland-based Valmet provide maintenance and support for the new ERP platform for all geographies.
The cash consideration will see Wipro acquiring 19,679 preferred stocks and 27,865 common stocks, Wipro said in a BSE filing.
Wipro has disclosed a 26 percent stake in leading Oracle cloud applications systems integrator Drivestream.
Consequently, Wipro's share price halved to Rs 263.15 from previous day's closing value of Rs 526.
Employees fear that release from ongoing projects to a bench awaiting deployment to a new client could mean a layoff.
In an interview to CNBC-TV18, Moshe Katri, MD of Wedbush Securities spoke about the latest happenings in the IT sector and specifically about Infosys.
The Bengaluru-based firm which earned 52 per cent of its IT services revenue from the Americas, including the US, said significant developments stemming from the US presidential election could have a material adverse effect on its business.
CNBC-TV18's Anisha Jain lists out stocks that you should focus on.
Vijay Chopra of enochventure.com is of the view that one may hold Tata Motors as the stock may test Rs 530.
Ashwani Gujral of ashwanigujral.com bets on financials and avoid IT and pharma stocks. Buy JSPL and sell TCs and HDIL," he adds.
Ashwani Gujral of ashwanigujral.com recommends selling Hexaware Technologies, Mindtree and Wipro.
A news website had yesterday quoting banking sources reported that the promoters of the India's third-largest IT services company are in the early stages of evaluating the sale of the company or some of its units, and have even approached investment banks.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.
The increment for onshore employees ranged from low to mid-single digit depending on their location, while offshore employees received a mid-single digit hike, according to The Times of India.
Founder and chairman Azim Premji and his family are considering an exit in part or full, either to a strategic buyer – a multinational IT services company – or a private equity player.
"Wipro confirms that it has received a second threatening e-mail.... There is no impact on the company’s operations," the company said in a statement here.
Rajat Bose of rajatkbose.com suggests buying Asian Paints, Motherson Sumi, Capital First and L&T Finance Holdings.