Wipro to acquire a Samsung-owned tech firm, in a cash deal of $375 million

[ad_1] The DTS unit would bring to Wipro a robust foundation in digital engineering and ER&D, with strengths spanning domain-led design, connected products, and software platforms, says Wipro. | Photo Credit: Reuters Wipro Limited, Asim Premji-Promoted tech firm based in Bengaluru, has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit […]

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Wipro posts a 10% rise in Q1 net profit YoY; returned $1.3 billion to its shareholders over the last 6 months

[ad_1] Bengaluru-tech firm Wipro on Thursday (July 17, 2025) reported a 10.9% increase in its Q1 net profit at ₹3,336.5 crore, up from ₹3,036.6 crore a year ago. Its revenue from operations slightly grew to ₹22,134.6 crore (0.8%) during the quarter, from ₹21,963.8 crore in the corresponding quarter a year ago. In the June-ended quarter, the […]

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Global markets turned unpredictable in FY’25; external environment may continue to stay uncertain: Wipro Chairman Rishad Premji

[ad_1] Financial year 2025 was a year of significant change for Wipro and the world, with markets entering a fast-moving and unpredictable environment, said Wipro Chairman Rishad Premji. ‘’The macro landscape kept shifting, and technologies like AI were scaling rapidly. AI — especially Generative and Agentic AI — is becoming a game-changer,’‘ he said while […]

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Wipro cuts salary offers to freshers awaiting onboarding; IT union NITES slams move as ‘unfair’

[ad_1] The logo of Wipro is seen inside the company’s headquarters in Bengaluru. File | Photo Credit: Reuters Wipro’s move to cut salary offers to freshers awaiting onboarding by almost 50% under one programme has been termed “unjust” and “unacceptable” by employees union NITES, which demanded that the IT company should reconsider its decision. Wipro’s […]

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Wipro unit forays into food business, to buy Nirapara

[ad_1] Vineet Agrawal, CEO, Wipro Consumer Care and Lighting said India’s spices market was pegged at ₹70,000 crore of which the organised sector had only a small share at ₹12,000 crore. File | Photo Credit: G.R.N. Somashekar Wipro Consumer Care and Lighting on Monday said it has forayed into the food and spices business by […]

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Data | Layoffs by IT firms in the U.S. will greatly impact H-1B workers from India

[ad_1] Layoffs: People take a photo at Meta corporate headquarters in Menlo Park, California on November 9, 2022. – Facebook owner Meta will lay off more than 11,000 of its staff in the most difficult changes made in Meta’s history, according to CEO Mark Zuckerberg | Photo Credit: JOSH EDELSON In 2020, the number of […]

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Wipro fires 300 employees for moonlighting

[ad_1] Moonlighting is a ‘complete violation of integrity in its deepest form, says chairman Rishad Premji Moonlighting is a ‘complete violation of integrity in its deepest form, says chairman Rishad Premji Wipro Ltd. has sacked some 300 employees for ‘moonlighting’ as the IT services firm toughens its stand against staffers taking a second job after […]

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Goldman cuts Infosys, TCS to ‘sell’ on looming slowdown

[ad_1] Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something […]

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Indian IT firms cut staff bonuses as U.S., European clients tighten budgets

[ad_1] Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay India’s top IT services firms are […]

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Sensex rallies 566 points in early trade on buying in Reliance, IT stocks

[ad_1] Stock markets in the U.S. had ended sharply higher on Thursday Stock markets in the U.S. had ended sharply higher on Thursday Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm […]

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