Wipro

June 07, 2023 12:26 PM IST

Ex-CEO of TCS, India's largest IT firm, earned lesser than Infosys and Wipro CEOs

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.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Wipro sets June 16 as record date for 5th share buyback at Rs 12,000 crore

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.

Wipro sets June 16 as record date, stock up 8% since buyback announcement

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.

3 of India's top 5 IT firms saw revenue per employee decline in last five years

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

Just do IT! Here’s how to play the IT theme currently, as per analysts

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

Top-deck exits continue at Wipro as two more executives leave company

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.

Wipro buyback - Should you apply?

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.

Wipro CEO Thierry Delaporte paid $10 million in FY23, Exec Chairman Rishad Premji’s variable pay docked

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 takes 50 percent paycut this year

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.

Wipro's fitness push: Tech giant all set to sponsor Bengaluru Marathon

The marathon's tenth iteration will take marathoners through important landmarks of the city, concluding at the Kanteerava Stadium.

The waiting game: IT freshers suffer agony and desperation as top firms delay onboarding for a year

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.

Wipro expands partnership with Google Cloud, looks to bring generative AI capabilities to clients

As part of this expansion, up to 20,000 of the company’s associates will be trained on Google Cloud’s generative AI technologies.

Infosys reduces avg variable payout for Q4FY23 to 60%

While the average payout is 60 percent, an employee’s final variable payout will depend on their unit or department’s guidelines.

How Wipro may have played a part in Vice's bankruptcy

Wipro commenced arbitration proceedings against Vice Media in May 2020, which was related to the termination of an agreement

Karnataka election | Infosys, TCS, Wipro and LTIMindtree to shut offices on May 10 for polling day

The Election Commission of India received complaints from employees in IT-BT companies about a holiday not being granted.

Analyst call tracker | IT stocks cement position in ‘Maximum Pessimism’ list after weak Q4 show; Adani shines on optimism score

While analysts are bearish on two-wheeler firms on rural uncertainty, they remain most optimistic on financial companies’ stocks

Wipro Consolidated March 2023 Net Sales at Rs 23,190.30 crore, up 11.17% Y-o-Y

Hold Wipro; target of Rs 420: Sharekhan

Sharekhan recommended Hold rating on Wipro with a target price of Rs 420 in its research report dated April 28, 2023.

Azim Premji's investment arm favourites to secure $150-million stake in TVS Credit: report

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

After a dismal Q4 amid macro challenges, what is in store for IT firms in FY24?

The year is set to be a challenging one for IT companies as pressure piles up on margins and clients demand pre-inflationary pricing

92% freshers agreed to join Wipro at half salary, reveals HR head Saurabh Govil

'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.

IT and ChatGPT: Generative AI gains ground among India's top IT firms

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

Bet on these 3 stock picks next week as the market momentum picks up

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.

Buy Wipro; target of Rs 479: KR Choksey

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.