Wipro share buyback: IT services giant Wipro announced a significant Rs 15,000 crore share buyback at Rs ...More

Wipro share buyback: IT services giant Wipro announced a significant Rs 15,000 crore share buyback at Rs 250 per share, a 19% premium over the last closing price. This marks the company's first buyback in over three years, involving up to 60 crore shares, representing 5.7% of its paid-up capital. Promoters have indicated their intention to participate in the tender route buyback. ...Less

HDFC Life Insurance will issue shares worth one thousand crore rupees to promoter HDFC Bank. This move ai ...More

HDFC Life Insurance will issue shares worth one thousand crore rupees to promoter HDFC Bank. This move aims to strengthen the insurer's solvency and support future growth. The company reported a modest profit rise in the March quarter. Net premium income also saw an increase. The board recommended a final dividend for FY26. ...Less

Wipro shares are in focus today as the IT giant prepares to unveil its January-March quarter results for ...More

Wipro shares are in focus today as the IT giant prepares to unveil its January-March quarter results for FY26, alongside its first share buyback in over five years. Analysts anticipate steady revenue but a dip in profitability due to wage hikes and acquisition costs. Investors will be watching for details on the buyback and the company's outlook for FY27. ...Less

The IT firm reported Rs 2026.80 crore profit in the year ago quarter. ...More

The IT firm reported Rs 2026.80 crore profit in the year ago quarter. ...Less

Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despi ...More

Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despite announcing a ₹15,000 crore buyback. Revenue rose 8% YoY, but the core IT services business remained sluggish with minimal growth, reflecting weak demand. Margins also edged lower, signaling ongoing cost pressures, even as profit improved on a sequential basis. ...Less

Happy Friday! India’s AI agent boom is outpacing the guardrails meant to keep it in check. This and more ...More

Happy Friday! India’s AI agent boom is outpacing the guardrails meant to keep it in check. This and more in today’s ETtech Morning Dispatch. ...Less

Wipro Q1 Results: The IT services company's revenue from operations rose marginally by 0.7% to Rs 22,134 ...More

Wipro Q1 Results: The IT services company's revenue from operations rose marginally by 0.7% to Rs 22,134 crore, compared to Rs 21,963 crore in the year-ago period. ...Less

An analysis of the last 12 quarterly results of Wipro shows that on 7 occasions, the stock has given posi ...More

An analysis of the last 12 quarterly results of Wipro shows that on 7 occasions, the stock has given positive returns on post-earnings days. Wipro's best post-earnings day was in July 2020 when the stock ended with a gain of nearly 17% amid Covid-related tailwinds. ...Less

Wipro Q1 Results: The IT major's Q4 revenue dipped 4% to Rs 21,964 crore, falling short of analyst expect ...More

Wipro Q1 Results: The IT major's Q4 revenue dipped 4% to Rs 21,964 crore, falling short of analyst expectations of Rs 22,258 crore. The IT services segment experienced a 1.2% decline in revenue at $2,625.9 million, compared to the previous quarter. It dropped 5.5% when compared to the same quarter last year. After non-GAAP and constant currency adjustments, the revenue showed a drop of 1% QoQ and 4.9% YoY. ...Less

If Wipro’s first-quarter numbers fall even marginally short of expectations, investors buoyed by Infosys’ ...More

If Wipro’s first-quarter numbers fall even marginally short of expectations, investors buoyed by Infosys’s performance will punish Wipro’s stock. ...Less

The technology major reported a nearly 12% year-on-year (YoY) rise in consolidated net profit for the qua ...More

The technology major reported a nearly 12% year-on-year (YoY) rise in consolidated net profit for the quarter ended June at Rs 2,870 crore. Consolidated revenue for the quarter increased by 6% YoY to Rs 22,831 crore.The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely in line with the expected revenue of Rs 22,870 crore ...Less

Cross-currency movements remain adverse, which may weigh on reported dollar revenue and margins, Emkay Gl ...More

Cross-currency movements remain adverse, which may weigh on reported dollar revenue and margins, Emkay Global said. This brokerage expects profit for the IT major to fall 4.5 per cent YoY to Rs 3,077 crore from Rs 3,232.10 crore in the year-ago quarter while it sees Ebita margin to fall to 20.4 per cent from 21.8 per cent YoY. ...Less

The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely on expecte ...More

The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely on expected lines. ...Less

Declines in key metrics. Deal wins hit $5 billion, including two mega deals, while margins stayed resilie ...More

Declines in key metrics. Deal wins hit $5 billion, including two mega deals, while margins stayed resilient. Management remains optimistic about AI-driven growth, although global uncertainties persist. Analysts maintain a 'Hold' call with limited upside from current levels. ...Less

Tata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik o ...More

Tata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik office. This and more in today’s ETtech Top 5. ...Less

The IT major exceeded analysts' expectations with a consolidated net profit of Rs 3,003 crore for the qua ...More

The IT major exceeded analysts' expectations with a consolidated net profit of Rs 3,003 crore for the quarter ending June 30, 2024. This marks a 4.6% increase compared to that in the same period last year. ...Less

Wipro’s higher-than-expected sales growth despite lack of major deal wins during the quarter suggested th ...More

Wipro’s higher-than-expected sales growth despite lack of major deal wins during the quarter suggested that the company is being able to convert large deal wins in the previous quarter more efficiently. ...Less

Wipro forecast subdued IT services sales for the current quarter. Here is a look at 10 important things r ...More

Wipro forecast subdued IT services sales for the current quarter. Here is a look at 10 important things related to Wipro's Q1 results, IT guidance and what the management said: ...Less

Wipro shares have plummeted 23% in three months, becoming the Nifty's worst performer, impacted by weak Q ...More

Wipro shares have plummeted 23% in three months, becoming the Nifty's worst performer, impacted by weak Q3 results and sector-wide AI concerns. Despite a recent 8% gain in April, analysts remain cautious due to weak growth guidance and integration pressures. The company's upcoming Q4 results and potential share buyback will be key triggers. ...Less

Wipro today said it may take 2-3 quarters to catch up with the growth rate of rivals on the back of a str ...More

Wipro today said it may take 2-3 quarters to catch up with the growth rate of rivals on the back of a strong deal pipeline and organisational restructuring. ...Less

Sequentially, the profit was down 3.86 per cent over the March quarter's Rs 2,483.50 crore. ...More

Sequentially, the profit was down 3.86 per cent over the March quarter's Rs 2,483.50 crore. ...Less

For the June quarter, Wipro’s IT services revenue grew 0.3 per cent in constant currency to $2.02 billion ...More

For the June quarter, Wipro’s IT services revenue grew 0.3 per cent in constant currency to $2.02 billion. ...Less

India's IT bellwether Tata Consultancy Services (TCS) will kick off the Q1 FY22 earnings season for India ...More

India's IT bellwether Tata Consultancy Services (TCS) will kick off the Q1 FY22 earnings season for Indian IT companies on July 9, followed by Infosys on July 14 and Wipro on July 15. ...Less

Wipro Q1 Results: Wipro's revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6 crore. Its operat ...More

Wipro Q1 Results: Wipro's revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6 crore. Its operating margin in IT services segment decreased by 200 bps QoQ to 15 per cent. ...Less

In an interview with ET Now, Rajiv Mehta, Research Analyst, IIFL, gives his views on Wipro's Q1 results. ...More

In an interview with ET Now, Rajiv Mehta, Research Analyst, IIFL, gives his views on Wipro's Q1 results. Excerpts: ...Less

Attrition on an overall basis is unlikely to change much, but movement will be seen which will give great ...More

Attrition on an overall basis is unlikely to change much, but movement will be seen which will give greater confidence, says Pratik Kumar, Wipro. ...Less

The IT firm is expected to report flattish numbers with net profit seen rising a 1.6 per cent QoQ. ...More

The IT firm is expected to report flattish numbers with net profit seen rising a 1.6 per cent QoQ. ...Less

Wipro expects revenue from its IT services to be in the range of $2,039-2,080 million in Q2. ...More

Wipro expects revenue from its IT services to be in the range of $2,039-2,080 million in Q2. ...Less

The stock has been under pressure this week as well as for the year 2013 as compared to its large-cap IT ...More

The stock has been under pressure this week as well as for the year 2013 as compared to its large-cap IT players which have given a positive return. ...Less

Margins dropped 120 basis points from last quarter to 21%, hurt mainly by the wage hikes and pricing pres ...More

Margins dropped 120 basis points from last quarter to 21%, hurt mainly by the wage hikes and pricing pressure in the traditional outsourcing business. ...Less

After a worldwide slump in oil prices falling business has cost Wipro nearly $500 million in annual reven ...More

After a worldwide slump in oil prices falling business has cost Wipro nearly $500 million in annual revenue. ...Less

At present, the short and medium term trend for the stock is bullish, say analysts. They expect the stock ...More

At present, the short and medium term trend for the stock is bullish, say analysts. They expect the stock to rally over Rs 400 in the short term. ...Less

Wipro will report its earnings for the three-month period ended June on Thursday. ...More

Wipro will report its earnings for the three-month period ended June on Thursday. ...Less

Analysts have raised Wipro's FY22 earnings forecast by 2-6 per cent and also 12-month price targets, marg ...More

Analysts have raised Wipro's FY22 earnings forecast by 2-6 per cent and also 12-month price targets, marginally. But those targets suggest no upside. ...Less

At present, the short and medium term trend for the stock is bullish, say analysts. They expect the stock ...More

At present, the short and medium term trend for the stock is bullish, say analysts. They expect the stock to rally over Rs 400 in the short term. ...Less

Beating the estimates by a wide margin, Wipro reported 12.2 per cent sequential growth in revenue at $ 2, ...More

Beating the estimates by a wide margin, Wipro reported 12.2 per cent sequential growth in revenue at $ 2,414.5 million. ...Less

The company said it will continue to hire local talent, which is about 38 per cent of their onsite manpow ...More

The company said it will continue to hire local talent, which is about 38 per cent of their onsite manpower strength. ...Less

The IT firm registered Rs 2,026.80 crore profit in the year-ago quarter. ...More

The IT firm registered Rs 2,026.80 crore profit in the year-ago quarter. ...Less

The June quarter earnings are seen to be weaker than expected amid uncertain and global environment and a ...More

The June quarter earnings are seen to be weaker than expected amid uncertain and global environment and a slowdown in discretionary spending by clients ...Less

Wipro's shares dropped by over 7% despite a 4.6% YoY rise in net profit for the quarter ended June 2024. ...More

Wipro's shares dropped by over 7% despite a 4.6% YoY rise in net profit for the quarter ended June 2024. The revenue from operations saw a 4% decline compared to the same quarter last year. Brokerages have mixed views on Wipro's performance and growth prospects. ...Less

"It is not only a lot of small deals that we have won, we have also won 18 large deals and it is across m ...More

"It is not only a lot of small deals that we have won, we have also won 18 large deals and it is across markets, across industries. It is really comforting for us. The quality of the pipeline in term of the type of deals we have, size and being broad-based across sectors makes us confident that we will have a strong performance in Q2." ...Less

IT major Wipro reported a decrease of 8,812 employees in the June quarter, with voluntary attrition rates ...More

IT major Wipro reported a decrease of 8,812 employees in the June quarter, with voluntary attrition rates falling to an 8-quarter low of 14% QoQ. The IT services' voluntary attrition rate for the trailing 12-month period stood at 17.3%, compared to 19.4% QoQ. ...Less

Given the sustained deal flow and a weaker trend in the rupee that improves realisation of exporters, the ...More

Given the sustained deal flow and a weaker trend in the rupee that improves realisation of exporters, the medium term outlook for the top IT pack appears to be optimistic. The stocks may however face short-term volatility given the subdued June quarter financial numbers and choppiness in the stock market. ...Less

Shares of Wipro underperformed other IT majors during June quarter, advancing 11.75 per cent to Rs 219.70 ...More

Shares of Wipro underperformed other IT majors during June quarter, advancing 11.75 per cent to Rs 219.70 against a nearly 18.50 per cent rise in BSE Sensex. ...Less

Wipro, Havells India, IndusInd Bank, Gland Pharma, Tata Communications, Oracle Financial Services Softwar ...More

Wipro, Havells India, IndusInd Bank, Gland Pharma, Tata Communications, Oracle Financial Services Software, Syngene International, Mastek, Ceat and Hathway Cable are among the companies that will announce their quarterly earnings today. ...Less

Net profit should decline 9% QoQ on business divestment, slow growth and margin decline in Q1FY20. ...More

Net profit should decline 9% QoQ on business divestment, slow growth and margin decline in Q1FY20. ...Less

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include H ...More

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand. ...Less

Wipro ADRs rose over 5% as the company reported an 11% YoY increase in Q1FY26 net profit to ₹3,330 crore, ...More

Wipro ADRs rose over 5% as the company reported an 11% YoY increase in Q1FY26 net profit to ₹3,330 crore, exceeding Street estimates. Revenue grew 0.7% to ₹22,134 crore. ...Less

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining a ...More

Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers. ...Less

Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited rep ...More

Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited reports from companies like Wipro, Hindustan Zinc, Sejal Glass, and others will provide further insight into the sector's performance. ...Less

Analysts in an ET NOW poll had projected the figure at Rs 2,101 crore. ...More

Analysts in an ET NOW poll had projected the figure at Rs 2,101 crore. ...Less

Wipro Q3 Results 2020-21: Net profit rose 20.8% quarter-on-quarter to Rs 2,970 crore on the back of reven ...More

Wipro Q3 Results 2020-21: Net profit rose 20.8% quarter-on-quarter to Rs 2,970 crore on the back of revenue that increased 1.3% sequentially to Rs 15,670 crore. ...Less

Wipro reported a near 4 per cent quarter-on-quarter growth in consolidated revenues to Rs 16,245.4 crore ...More

Wipro reported a near 4 per cent quarter-on-quarter growth in consolidated revenues to Rs 16,245.4 crore for the quarter ...Less

The firm maintained margins in Q2 despite the impact of salary rise for an incremental two months due to ...More

The firm maintained margins in Q2 despite the impact of salary rise for an incremental two months due to operational improvements in automation-led productivity. ...Less

Sterling and Wilson Renewable Energy reported a 680% YoY surge in Q1FY26 net profit to ₹39 crore, driven ...More

Sterling and Wilson Renewable Energy reported a 680% YoY surge in Q1FY26 net profit to ₹39 crore, driven by a 93% revenue increase to ₹1,762 crore. EBITDA rose 176% YoY. Sequentially, profit and revenue dipped, but operational efficiency and execution remain strong. ...Less

Wipro's shares surged 10% to reach a 52-week high of Rs 511.95 after the release of its Q3 results. The c ...More

Wipro's shares surged 10% to reach a 52-week high of Rs 511.95 after the release of its Q3 results. The company's consolidated net profit declined by nearly 12% YoY to Rs 2,694 crore, while its consolidated revenue dropped 4.4% to Rs 22,205 crore. Brokerages like Jefferies and BofA maintained an 'Underperform' rating, while Kotak Institutional Equities recommended a 'Reduce' and Nuvama suggested a 'Hold'. Wipro's Q4 growth guidance and continued headcount declines are concerning for the company. However, the company's sustainability and improved demand commentary are encouraging factors. ...Less

Angel One, Waaree Renewable Technologies, and Wipro are set to announce their Q4 results, among ten compa ...More

Angel One, Waaree Renewable Technologies, and Wipro are set to announce their Q4 results, among ten companies reporting today. Wipro anticipates a revenue decline in constant currency due to softening demand, with a projected marginal YoY revenue increase. Profit is expected to rise, while margins remain stable, with investor focus on client spending and BFSI performance. ...Less

Wipro Share Price: Following disappointing Q4 results from Infosys, investor sentiment towards IT stocks ...More

Wipro Share Price: Following disappointing Q4 results from Infosys, investor sentiment towards IT stocks soured, leading to pressure on Wipro shares. Wipro is slated to unveil its March quarter numbers post-market hours. ...Less

Wipro faced a compression in business in all geographies of Europe, Americas 2 and APMEA (Asia Pacific, M ...More

Wipro faced a compression in business in all geographies of Europe, Americas 2 and APMEA (Asia Pacific, Middle East and Africa) and business verticals such as banking, financial services & insurance and consumer in the April-June period compared with the prior quarter. ...Less

Wipro Q1 Results: Wipro's Q1 revenue likely to decline by 2% year-on-year, with net profit expected to gr ...More

Wipro Q1 Results: Wipro's Q1 revenue likely to decline by 2% year-on-year, with net profit expected to grow by 4%. Analysts are keeping an eye on consulting business performance and large deal pipeline. Company aiming for cost containment and efficiency measures to boost margins. ...Less

Wipro is expected to report a YoY revenue decline for Q2 2024, with five brokerages predicting figures be ...More

Wipro is expected to report a YoY revenue decline for Q2 2024, with five brokerages predicting figures between Rs 22,134 crore and Rs 22,516 crore. Net profit growth is anticipated to range between 5.5% and 19.5%. Key focus areas include Q3 FY25 guidance, deal ramp-up, and future visibility. ...Less

Wipro's Q4 net profit surged 26% YoY to ₹3,570 crore, surpassing Street estimates, while revenue rose 1% ...More

Wipro's Q4 net profit surged 26% YoY to ₹3,570 crore, surpassing Street estimates, while revenue rose 1% to ₹22,504 crore. The board's ₹6 per share interim dividend, declared earlier, will be the final dividend for FY25. CEO Srini Pallia highlighted significant deal wins and improved client satisfaction. ...Less

Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to an ...More

Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates. ...Less

The Bengaluru-based company reported a 12.4 per cent on-quarter rise in consolidated revenues to Rs 18,25 ...More

The Bengaluru-based company reported a 12.4 per cent on-quarter rise in consolidated revenues to Rs 18,252 crore in the reported quarter, comfortably beating Street’s estimates. ...Less

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disap ...More

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech's revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see a decline in constant currency revenue growth due to furloughs and weak demand. ...Less

After surging 9 per cent to Rs 417.5 in intra-day trade, the stock finally ended at Rs 408.50, up 6.71 pe ...More

After surging 9 per cent to Rs 417.5 in intra-day trade, the stock finally ended at Rs 408.50, up 6.71 per cent from its previous close on the BSE. ...Less

Wipro's Q1 performance was propelled by a robust $5 billion order book, including a significant $2.75 bil ...More

Wipro's Q1 performance was propelled by a robust $5 billion order book, including a significant $2.75 billion large deal. The company anticipates a stronger second half, driven by executing these wins and pursuing new opportunities. Despite macroeconomic uncertainties, Wipro sees strong pipelines in the Americas, Europe, and APMEA, particularly in BFSI, technology, and healthcare sectors. ...Less

Wipro Dividend: Wipro's board announced an interim dividend of Rs 6 per share for eligible shareholders, ...More

Wipro Dividend: Wipro's board announced an interim dividend of Rs 6 per share for eligible shareholders, with January 28 set as the record date. The dividend will be paid on or before February 15. The announcement coincides with Wipro's Q3 results, reporting a 24% rise in net profit to Rs 3,354 crore. ...Less

India's leading IT firms experienced single-digit revenue growth in Q1, impacted by macroeconomic instabi ...More

India's leading IT firms experienced single-digit revenue growth in Q1, impacted by macroeconomic instability and delayed client decisions. While caution prevails due to geopolitical tensions, opportunities in AI and cost optimization exist. Infosys raised its FY26 revenue growth guidance, while Wipro focuses on immediate-impact initiatives amid muted demand. ...Less

Waaree Energies reported a robust 133% surge in consolidated Q2 net profit, reaching Rs 842 crore compare ...More

Waaree Energies reported a robust 133% surge in consolidated Q2 net profit, reaching Rs 842 crore compared to Rs 362 crore in the previous year. The company's revenue also saw a significant 70% jump to Rs 6,066 crore. This strong performance was driven by substantial growth in both net profit and revenue on a sequential basis as well. ...Less

LTIMindtree reported a 12% year-on-year jump in consolidated Q2 net profit to Rs 1,401 crore, with revenu ...More

LTIMindtree reported a 12% year-on-year jump in consolidated Q2 net profit to Rs 1,401 crore, with revenue rising 10% to Rs 10,394 crore. The IT firm also declared a Rs 22 per share dividend. ...Less

"The Board approved buyback of equity shares, subject to the approval of shareholders, for purchase by th ...More

"The Board approved buyback of equity shares, subject to the approval of shareholders, for purchase by the company of up to 26,96,62,921 equity shares of Rs 2 each (being 4.91% of total number of equity shares) from the shareholders of the Company on a proportionate basis by way of a tender offer," the company said in a filing. ...Less

The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This trans ...More

The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This translates to a revenue of $2.62-$2.67 billion in the March quarter in constant currency terms. Most analysts had expected Wipro to give -1% to +1% growth in constant currency revenue. ...Less

Wipro plans to hire 10,000-12,000 freshers annually by FY26, emphasising a cautious hiring approach to en ...More

Wipro plans to hire 10,000-12,000 freshers annually by FY26, emphasising a cautious hiring approach to ensure consistent absorption. In Q3, Wipro's net profit jumped by 24.5% YoY, driven by Capco's growth and rupee depreciation. While Infosys plans to onboard 20,000 freshers in FY26 and reported stronger financial growth, upgrading its FY25 outlook. ...Less

In the last 12 months, the company has declared an equity dividend amounting to Rs 11 per share and at a ...More

In the last 12 months, the company has declared an equity dividend amounting to Rs 11 per share and at a share price of Rs 267.60, Wipro's dividend yield stands at 4.11%, according to Trendlyne data. ...Less

Wipro ADRs fell 7% despite a 26% YoY jump in Q4FY25 net profit to Rs 3,570 crore. Weak Nasdaq cues and fl ...More

Wipro ADRs fell 7% despite a 26% YoY jump in Q4FY25 net profit to Rs 3,570 crore. Weak Nasdaq cues and flat revenue growth tempered investor sentiment. ...Less

Wipro Q2 Results: The company's revenue from operations in the quarter stood at Rs 22,697 crore, up 1.8% ...More

Wipro Q2 Results: The company's revenue from operations in the quarter stood at Rs 22,697 crore, up 1.8% from Rs 22,302 crore in the corresponding quarter of the previous financial year. ...Less

SBI Life is expected to report its third quarter results with significant year-on-year growth in profitab ...More

SBI Life is expected to report its third quarter results with significant year-on-year growth in profitability despite muted growth in the SBI channel. Analysts forecast around 50-56% PAT growth, stable new business premium, and flattish VNB margins. The company's performance amid strong agency channel growth and management's commentary on distribution will be key focus areas. ...Less

RIL Share Price: Reliance Industries shares rose 1.1% following the announcement of a record date for iss ...More

RIL Share Price: Reliance Industries shares rose 1.1% following the announcement of a record date for issuing 1:1 bonus shares. Shareholders approved the bonus issue with 99.92% votes in favor. The company received approval to increase its authorized share capital to Rs 50,000 crore. The bonus shares will be issued from premium, reserve, and retained earnings as of March 31, 2024. ...Less

Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India ...More

Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India. Infosys is poised for healthy growth driven by mega-deals, whereas Wipro may see a revenue decline. Axis Bank is expected to boost net profit by 8% with rising NII, and Nestle India projects a 5-7% revenue uptick. ...Less

Shares of Wipro are likely to be in focus as January 28 is the record date for determining eligibility fo ...More

Shares of Wipro are likely to be in focus as January 28 is the record date for determining eligibility for a Rs 6 per share interim dividend. This is Wipro's first dividend payout in the last year, with the dividend payment expected by February 15, 2025. ...Less

Jio Financial Services is set to announce its Q1 earnings today, along with a presentation to analysts. O ...More

Jio Financial Services is set to announce its Q1 earnings today, along with a presentation to analysts. Other key companies like Axis Bank, Wipro, and LTIMindtree will also release their results. Jio Financial's Q4 FY25 saw a marginal profit increase and revenue growth. Its mutual fund arm, Jio BlackRock, recently secured SEBI approval for five new index funds. ...Less

Infosys will announce its October-December quarter earnings on January 11, Thursday. The company witnesse ...More

Infosys will announce its October-December quarter earnings on January 11, Thursday. The company witnessed a setback in the form of a recent termination of a $1.5 billion AI deal with an unnamed global company, which Elara said, added to the company's growth headwinds in the near term. ...Less

Wipro Q3 Results: Wipro reported disappointing Q3 results, with a decline in net profit and revenue. The ...More

Wipro Q3 Results: Wipro reported disappointing Q3 results, with a decline in net profit and revenue. The company's consolidated net profit decreased by nearly 12% YoY to Rs 2,694 crore, while the consolidated revenue dropped 4.4% to Rs 22,205 crore. The board recommended an interim dividend of Re 1 per share. For the nine months ended December, Wipro's consolidated revenue rose by only 0.4% to Rs 67,552 crore, while the net profit declined by nearly 1% to Rs 8,211 crore. Wipro expects revenue from its IT Services business to be in the range of $2.62 billion to $2.67 billion for the quarter ending March. ...Less

Operating margin for the quarter came in at 17.6 per cent, down 0.8 per cent QoQ. ...More

Operating margin for the quarter came in at 17.6 per cent, down 0.8 per cent QoQ. ...Less

A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have a ...More

A recent study highlighted the risky nature of IPO investments in India. Of the 30 largest IPOs, 8 have actually resulted in losses for investors. The most striking example is Reliance Power, which launched its massive Rs 11,700 crore IPO in February 2008. Despite the initial hype, the stock has plummeted by over 80% from its issue price of Rs 450, leaving investors with significant losses. This serves as a stark reminder that even high-profile IPOs can fail to deliver on their promises. ...Less

"About 80% of Wipro's revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in ...More

"About 80% of Wipro's revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem the erosion," said JM Financial's Abhishek Kumar. ...Less

Wipro's board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of t ...More

Wipro's board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of the company while re-appointing Rishad A. Premji as the whole-time director for a period of five years with effect from July 31, 2024, to July 30, 2029. ...Less

Wipro is expected to report a 12% YoY rise in Q3 PAT, but constant currency revenue may decline by 1% QoQ ...More

Wipro is expected to report a 12% YoY rise in Q3 PAT, but constant currency revenue may decline by 1% QoQ due to softness in communications and manufacturing, and furlough impacts. Analysts project a revenue growth guidance of -1% to +1% CC QoQ for Q4 FY25. ...Less

Wipro Ltd reported earnings for the quarter ended December 31 on Monday which was largely in-line with an ...More

Wipro Ltd reported earnings for the quarter ended December 31 on Monday which was largely in-line with analyst expectations. ...Less

Wipro's Q2 consolidated revenue from operations for the said quarter stood at Rs 22,515.90 crore which wa ...More

Wipro's Q2 consolidated revenue from operations for the said quarter stood at Rs 22,515.90 crore which was up by just 0.10% versus Rs 22,539.70 crore reported by the company in the year-ago period. Wipro's Q2 profit and revenue missed ET NOW poll estimates of Rs 2,800 crore and Rs 22,810 crore, respectively. ...Less

Wipro shares: Wipro's shares declined despite a 26% year-over-year increase in net profit, which surpasse ...More

Wipro shares: Wipro's shares declined despite a 26% year-over-year increase in net profit, which surpassed estimates. Revenue saw a slight rise, but IT services revenue dipped, leading to cautious analyst outlooks. Nuvama and Choice Broking downgraded the stock due to weak guidance and macro uncertainties, impacting growth visibility and margin pressures. ...Less

With Infosys and Wipro Q1 results expected this week, investors are keenly awaiting them as that would se ...More

With Infosys and Wipro Q1 results expected this week, investors are keenly awaiting them as that would set the trend for the overall IT sector. Expectations of the Q1 results of these companies are overall positive, but markets are known to react in mysterious ways at times, so better wait and watch. ...Less

Motilal Oswal maintains a "buy" rating for Bharat Electronics (BEL) with a ₹360 target, citing its growin ...More

Motilal Oswal maintains a "buy" rating for Bharat Electronics (BEL) with a ₹360 target, citing its growing defense market share, expertise in electronics, and upcoming major projects, projecting a 27.5% growth potential. ...Less

Apart from these, companies such as JSW Infrastructure, Poonawalla Fincorp, Central Bank of India, JB Che ...More

Apart from these, companies such as JSW Infrastructure, Poonawalla Fincorp, Central Bank of India, JB Chemicals, Tata Technologies, Sobha, KPI Green will also report their quarterly numbers ...Less

Wipro is set to announce a share buyback programme along with its Q4 results to provide relief to investo ...More

Wipro is set to announce a share buyback programme along with its Q4 results to provide relief to investors who have experienced losses near 30% in the past year. The IT major's net income is estimated to be between INR10,000-13,000 crore, and analysts believe the share buyback could amount to around INR5,000 crore. Wipro has undergone four share buyback programmes since 2016 through tender offers, with the most recent being last year, buying shares worth INR9,500 crore. Due to slower revenue conversion and weakness in consulting, Wipro is predicted to report 0.6%-1% QoQ revenue growth in constant currency terms. ...Less

Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most importan ...More

Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories we covered this week. Here’s a quick recap. ...Less

Edtech giant Byju’s, which has faced intense scrutiny over its accounting practices in recent months, has ...More

Edtech giant Byju’s, which has faced intense scrutiny over its accounting practices in recent months, has decided to sack about 2,500 of its 50,000 employees as it looks to turn a profit this fiscal year. This is the company’s second round of layoffs this year – it fired at least 600 people from group companies Toppr and WhiteHat Jr in June. ...Less

Wipro's Q4FY25 net profit rose 26% YoY to Rs 3,570 crore, surpassing estimates. Revenue increased by 1% Y ...More

Wipro's Q4FY25 net profit rose 26% YoY to Rs 3,570 crore, surpassing estimates. Revenue increased by 1% YoY to Rs 22,504 crore. The company reported strong deal bookings, a stable operating margin, and provided cautious revenue guidance for the upcoming quarter amid macroeconomic uncertainty. ...Less