India News
Search Web Directory
 India News  
Wipro Technologies (Wipro Ltd) Related news
Wipro, country's third largest software services firm, is expected to report a marginal sequential drop in constant currency revenue for the June quarter later in the day, while the company will also consider a proposal for buyback of its equity shares.

Analysts believe revenue growth in CC terms would be well within its earlier guidance of negative 2% to nil growth for the quarter. In dollar terms, the revenue is seen declining by 0.1-0.5%.

Shares of Wipro rose over 3% in the early trade on Monday after the third largest IT services firm Wipro on Friday said its board will consider a proposal for buyback of equity shares on July 20.

Reacting to the development, the stock of the company gained as much as 3.2% to Rs 268 on the BSE. The stock was the top gainer on Sensex and Nifty.

Wipro Consumer Care and Lighting said it has shut down its lighting manufacturing unit at Mysuru due to a sharp decline in the demand for CFL products and increasing preference for LED products.

"As required, we notified the government and relevant authorities of the decision to shut down the plant two months ago and have complied with all regulatory requirements," the company said in a statement.

The $150 billion Indian IT industry is expected to have a sedate start this fiscal, with the first quarter results of top tier companies like TCS, Infosys and Wipro commencing this week. Analysts believe that revenue growth will be subdued and operating profit margins will be under stress in the April-June period, with the demand environment yet to pick up pace. EBIT margins in the first quarter may compress by up to 260bps for large-caps, primarily due to rupee appreciation, wage increases, and visa costs.

With hope of getting a special economic zone (SEZ) in West Bengal fading away, information technology (IT) major Wipro on Thursday said it was working on an alternative plan to set up a second campus in the state.

“We are exploring newer opportunities. That chapter (SEZ) is closed,” said Rishad Premji, chief strategy officer at Wipro, on the sidelines of the Nasscom East IT Awards.

Software major Wipro Limited and Ramot, the Business Engagement Centre at Tel Aviv University, on Wednesday announced a partnership for joint research in emerging technologies.

TAU is Israel's largest institution of higher learning which is home to over 30,000 students studying in nine faculties, over 125 schools and departments across the spectrum of sciences, engineering, humanities and the arts.

BENGALURU: India’s biggest IT companies never disclosed information about hirings and employment in the US. Until now.

Today, almost all are showcasing these figures, presumably in an effort to allay American concerns that these companies are not creating jobs locally but are relying on work visas to bring in people from India.

Wipro on Monday said the date for issuing bonus or stock dividend to the holders of its American Depository Receipts is yet to be finalised, amid the ADRs witnessing steep fluctuations in pre-market trading on the New York Stock Exchange.

ADRs are instruments denominated in US dollars and the underlying shares are that of a foreign company.

A month after IT giant Wipro reportedly fired hundreds of employees as part of its annual 'performance appraisal', the country's third largest software services company has now declared US President Donald Trump a potential threat to business.

According to an Economic Times report, the IT firm said this in its annual filing with the US Securities and Exchange Commission.

Bengaluru: Wipro Ltd chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he “remains committed to Wipro”.

In his letter to Wipro employees, he had termed the news article reportedly published in this regard as “baseless and malicious.”

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Most Read News

Split ahead? JD(U) says hasn't demanded Tejashwi's resignation, but urges him to come clean

US govt, Wells Fargo to fund $150 million YES Bank corpus for MSMEs

Now, Google Maps will tell you the best time to travel: Know the details

Markets see biggest weekly gain since mid-March, up by 660 points

COA virtually puts on hold Dravid and Zaheer's appointments, to consult Shastri before deciding

More India News

India Resource Center
» Free India Classifieds
Introducing IndiaCatalog Free Classifieds. Post your free classified ads. Inviting Real Estate Agents, Travel Agents, Job Placement Agents and others to post their advertisements for free.
» Global Web Directory
Web directory listing of Global companies. Send enquiries to international companies.
» India Yellow Pages
Yellow Pages for Mumbai, Delhi, Bangalore, Chennai, Kolkota, Hyderabad, Pune and more Indian cites.
» Logistics Directory
Find supply chain management consultants, freight forwarders, trucking companies in India.
» Photo Gallery
This page provides you with links to images of India displaying Celebrities Photos,Automobiles Photos,latest Movies Photos,Sports Photos,Photos of Bollywood Stars and many more.
» Agriculture Directory
Find Fresh Vegitables, Fruits, Basmati Rice, Meat, Poultry and Seafood producers in India.
» Real Estate in India
Real Estate directory of India. Find agents, builders and suppliers.
» Gems & Jewellery
Find jewellery, gems and diamond merchants in India.
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Safety Tips For Classifieds
Order Premium Listings
Submit a Site
Business Reviews
About us
Link to us
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory, India Free Classifieds
    © 1999 - 2017
    All Rights Reserved
Privacy Statement    
    © 1999 - 2017
    All Rights Reserved
Privacy Statement