Azim Premji

Session on Building Trust with Azim Premji, Founder Chairman, Wipro Limited

Abidali Neemuchwala will relinquish his position as CEO and MD on June 1.

Stanford Masters talks to Prince Thomas about Wipro CEO Azim Premji handing over to his son Rishad and what would be the impact.

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.

It was a great challenge to start the issue right before the Budget and open after it, Ashish Chauhan, MD and CEO of BSE says. Luckily for BSE, he says the Budget turned out positive and the stock exchange got immense feedback from investors.

India's largest private sector life insurer ICICI Prudential Life Insurance Company will list its equity shares on September 29. It has fixed issue price at higher end of price band of Rs 300-334 per share.

Forbes India has released the annual India rich list and Reliance Industries' Chairman Mukesh Ambani has topped the Forbes' '100 Richest Indians' list with a net worth of USD 22.7 billion.

The turning point came 13 years after Premji took charge, in 1979, US giant IBM was forced out of India and Premji saw an opening, he took the bold step of diversifying what was till then a commodity company into a computer company.

On global events, Wipro Chairman Azim Premji says Brexit verdict has been shocking for the market and that China growth has slowed down, making a shift from manufacturing to services economy.

Terming Prime Minister Narendra Modi's Digital India vision to be a powerful one, Wipro chairman Azim Premji said this will help in democratising access to information. However, he added that the facilities under Digital India must be affordable.

Former TCS BPO chief Abid Ali Neemuchwala, who joined the company last month as the Group President and Chief Operating Officer (COO), has been inducted into the core group.

Indian Business Icons (IBI) 2015 is a special initiative by CNBC-TV18 for celebrating 15 years of leadership. The endeavour is to form a distinct league of the most powerful business icons. The names are now thrown open to public voting. The icon in focus is Wipro Chairman, Azim Premji.

Housing finance company HDFC posted an 11.56 percent rise in third-quarter net profit at Rs 1,425.5 crore as against Rs 1,277.7 crore in the same quarter last year.

Minority shareholders had asked for option to sell out. They had asked Wipro to consider listing Wipro Enterprises.

Wipro Enterprises proposes to buy back 1.61 crores shares held by the minority shareholders for an aggregate value of Rs 594 crore.

Wipro said it expects IT services revenue in the range of USD 1.81-1.84 billion for October-December quarter of the current financial year 2014-15.

For the quarter ended March 2014, Wipro expects revenues from IT services business to be in the range of USD 1,712 million to USD 1,745 million including the revenues from acquisitions.

Its IT services revenue rose 5.9 percent year-on-year to USD 1.63 billion, whereas sequential revenue growth stood at 2.7 percent. In rupee terms, IT Services revenues stood at Rs 10,068 crore in the quarter under review.

CNBC-TV18's Shreya Roy reports that while the markets are dull on Wipro's Q1 results even as CEO Azim Premji remains gung-ho about the company's growth.

Imagine Mukesh Ambani signing an agreement that determines his relationship with Reliance Industries or Azim Premji signing a relationship agreement with Wipro! Sounds novel doesn‘t it?