| Wipro Technologies (Wipro Ltd) Related news |
Azim Premji steps down as Wipro chairman, son Rishad to take over the reins
Posted on 7th June 2019 |
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It’s the end of a long era at Wipro as Azim Premji, chairman of the software major, calls it a day, handing over charge to his elder son, Rishad, after leading the company for more than 50 years. The Bengaluru-headquartered company on Thursday announced Premji, 75, will step down as executive chairman on July 30. |
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Wipro acquires US firm ITI for $45 million
Posted on 6th June 2019 |
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IT company Wipro on Wednesday announced that it had signed a definitive agreement to acquire International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company. Wipro would buy the American firm for $45 million (around Rs 312 crore). ITI is a Computer Aided Design (CAD) and Product Lifecycle Management (PLM) interoperability software services company. Through its solutions for Model-Based Enterprise (MBE), data interoperability and data migration, ITI helps firms go digital. |
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Wipro seeks shareholders' nod for ₹10,500 crore share buyback plan
Posted on 3rd May 2019 |
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IT services major Wipro Thursday sought shareholders' nod for its up to ₹10,500 crore share buyback offer. The company also sought shareholders' approval for the appointment former SBI chairperson Arundhati Bhattacharya as an independent director on its board. |
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Personal care: Wipro arm acquires Philippines firm Splash
Posted on 30th April 2019 |
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After a gap of almost three years, Wipro Consumer care, part of Azim Premji’s Wipro Group, on Monday struck a new deal in the consumer goods space. The company said that it has acquired Philippines-based personal care company Splash Corporation for an undisclosed amount. The transaction strengthens Wipro’s consumer care portfolio in personal care and completes its south-east Asian footprint. |
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Wipro: Critical business operations unaffected by cyber attack
Posted on 20th April 2019 |
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Wipro Ltd on Friday said a cyber attack on few of its employee accounts has not impacted its critical business operations and the firm has taken remedial measures. In a regulatory filing, the company said it became aware of potentially abnormal activity within its network about 10 days back in respect of few of its employee accounts, who were “subjected to an advanced phishing campaign”. |
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Wipro trades flat on muted June quarter revenue guidance
Posted on 18th April 2019 |
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Wipro shares slumped 3 per cent from its early morning high to trade at Rs 282 after the firm gave a tepid outlook for the first quarter of FY20, citing delays in starting new projects. The stock had opened 3 per cent higher at Rs 289 on the BSE on Thursday. In comparison, the benchmark S&P BSE Sensex was up 0.29 per cent at 39,392 points at 09:20 am. The country's third-largest IT services company said it expects revenue from IT services business to be in the range of $2,046 million to $2,087 million for the quarter ending June 30, 2019 (Q1FY20). |
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Wipro Q4 net profit rises 38%, announces Rs 10,500-crore share buyback
Posted on 17th April 2019 |
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Wipro has largely met the Street estimates on the revenue and profit fronts for the fourth quarter of 2018-19, though the revenue growth reported by the country's third-largest IT services firm was the lowest among the top three players in the last financial year. The company, however, gave a tepid outlook for the first quarter of FY20, citing delays in starting out new projects. The firm also announced a mega buyback plan of Rs 10,500 crore at Rs 325 a share, making it the second such repurchase consecutively. The buyback price is 15.4 per cent higher than Tuesday's closing price on the NSE. |
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Wipro chairman Premji raises philanthropic contribution to $21 billion
Posted on 14th March 2019 |
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Billionaire Azim Premji has announced he has raised his commitment for philanthropy by renouncing more of his personal assets and earmarking them to his Azim Premji Foundation endowment. The Wipro chairman has done this by additionally earmarking all economic benefits for philanthropic purposes in about 34 per cent of the shares in Wipro (current market value at Rs 52,750 crore or $7.5 billion), held by certain entities controlled by him, the Foundation stated. Premji is also chairman of the Foundation. |
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Wipro share price falls 5% to Rs 256 after block deals
Posted on 8th March 2019 |
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Shares of Wipro fell 5 per cent to Rs 256 in intra-day trade on the BSE in after huge block deals were executed on the counter. Till 11:22 am, a combined 57.86 million equity shares, representing 1.3 per cent equity, of Wipro had changed hands on the National Stock Exchange (NSE) and BSE. The name of the buyer and sellers could not be ascertained immediately. |
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Wipro to expand presence in Saudi through tie-ups with local companies
Posted on 21st February 2019 |
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Azim Premji-promoted Wipro Group will expand its presence in Saudi Arabia through tie-ups with local companies. Wipro Technologies has entered into a memorandum of understanding (MoU) with the Ministry of communication and IT of Saudi Arabia. “We have been working in that market for over 15 years. They are looking for transformation of industry in areas like oil and gas, health care, education and that would required a whole lot of talent,” said Anand Padmanabhan, president, strategic sales and geographies, Wipro. The company already has 1,200 IT professionals working in Saudi Arabia. |
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