Former TCS CEO Rajesh Gopinthan drew Rs 29.16 crore in remuneration in FY23, an over 13.17 percent YoY increase from Rs 25.75 crore that he earned the previous year.
Our specially curated package of the most interesting articles to help you stay at the top of your game.
The buyback has been approved for a minimum price of Rs 445 a share, which is roughly 10 percent higher than its current market price of Rs 405.
For Q4 FY23, Wipro reported a 0.4 percent year-on-year decline in its consolidated net profit at Rs 3,075 crore, as against Rs 3,087 crore a year ago.
HCLTech reported the sharpest fall of 11% in 5-year CAGR. However, at $55,704 aggregate revenue per employee, it’s still the highest among the top five
India's tier-1 IT firms have a high correlation to S&P500 revenue growth, which is expected to decelerate over the next two quarters
In 2023, the company has so far seen the exits of Chief Operations Officer Sanjeev Singh, Americas 2 CFO Nithin V Jaganmohan, India head Satya Easwaran, iDEAS business head Rajan Kohli, and Americas 1 CFO Kamini Shah, along with Sahni, Haque, and Saxena.
The buyback has been approved for a minimum price of Rs 445 a share which is roughly 16% higher than its current close of Rs 382 on 18th May.
Rishad Premji, who is entitled to a commission of 0.35 percent on incremental consolidated net profits, didn’t receive any commission as it was negative.
Wipro chairman Rishad Premji took an almost 50 percent paycut for financial year 2023, according to a recent filing made to the Securities and Exchange Commission in the US.
The marathon's tenth iteration will take marathoners through important landmarks of the city, concluding at the Kanteerava Stadium.
Fresh engineering graduates in India hired by top IT companies are facing financial strain, mental health issues and dashed career aspirations due to prolonged delays in onboarding.
As part of this expansion, up to 20,000 of the company’s associates will be trained on Google Cloud’s generative AI technologies.
While the average payout is 60 percent, an employee’s final variable payout will depend on their unit or department’s guidelines.
Wipro commenced arbitration proceedings against Vice Media in May 2020, which was related to the termination of an agreement
The Election Commission of India received complaints from employees in IT-BT companies about a holiday not being granted.
While analysts are bearish on two-wheeler firms on rural uncertainty, they remain most optimistic on financial companies’ stocks
Sharekhan recommended Hold rating on Wipro with a target price of Rs 420 in its research report dated April 28, 2023.
The talks, which also involve private equity firm Carlyle, are for a 20-percent stake in the NBFC unit, which is being valued at $612 million
The year is set to be a challenging one for IT companies as pressure piles up on margins and clients demand pre-inflationary pricing
'We had said that they will be onboarded at a higher salary of Rs 6.5 lakh after they completed the training and cleared the assessment," Wipro's HR head Saurabh Govil said.
While there is demand for generative AI-based solutions, companies are also worried about its implications. This has already led some firms to regulate its use, or ban the technology entirely
Recently Wipro has seen bullish divergence on a daily scale, the price was making lower lows, but RSI (relative strength index) was making higher lows.
KR Choksey is bullish on Wipro has recommended buy rating on the stock with a target price of Rs 479 in its research report dated April 27, 2023.