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

Wipro Q4 Results: Wipro's net profit dipped 2% to Rs 3,502 crore in the March quarter, despite an 8% reve ...More

Wipro Q4 Results: Wipro's net profit dipped 2% to Rs 3,502 crore in the March quarter, despite an 8% revenue increase to Rs 24,236 crore. The IT services segment saw sluggish growth, with revenue up only 0.6% sequentially. The company announced a significant Rs 15,000 crore share buyback, signaling confidence amidst cost pressures and declining operating margins. ...Less

Wipro announced its largest-ever share buyback of Rs 15,000 crore at a 19% premium, despite lackluster Q4 ...More

Wipro announced its largest-ever share buyback of Rs 15,000 crore at a 19% premium, despite lackluster Q4 earnings. The IT major's board approved buying back up to 60 crore shares via tender route. Promoters intend to participate, potentially impacting the acceptance ratio for public investors. ...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

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

HCL Technologies is poised for a mixed March quarter, anticipating steady year-on-year growth but a seque ...More

HCL Technologies is poised for a mixed March quarter, anticipating steady year-on-year growth but a sequential dip due to software seasonality and rising costs. While revenue is projected to climb annually, a slight quarterly decline is expected. Margins may face pressure from wage hikes and restructuring. Investors await insights on future guidance and AI impact. ...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

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 is expected to report steady revenue growth but weaker profitability in the March quarter, impacted ...More

Wipro is expected to report steady revenue growth but weaker profitability in the March quarter, impacted by wage hikes, acquisition-related costs and subdued discretionary spending. Sequential growth remains muted despite acquisition support, while BFSI shows resilience, and healthcare remains weak. Investors will closely track margins, deal pipeline and AI outlook. ...Less

D-Street saw sharp stock-specific action as Bajaj Consumer Care, Kolte-Patil Developers, and Waaree Renew ...More

D-Street saw sharp stock-specific action as Bajaj Consumer Care, Kolte-Patil Developers, and Waaree Renewable Technologies surged on strong earnings, while Wipro and Gallantt Ispat declined amid weak results and profit booking. ...Less

Wipro's CEO Srini Pallia remains confident about the company's strong project pipeline. He indicates that ...More

Wipro's CEO Srini Pallia remains confident about the company's strong project pipeline. He indicates that ongoing global trade disruptions and tariff changes are not significantly impacting Wipro's business. While some specific client issues were noted in the American market, Pallia believes these will be managed. The company is focusing on leveraging AI for new projects and client solutions. ...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

Wipro reported a 1.6% decline in annual revenue in fiscal year 2026 in constant currency terms, in line w ...More

Wipro reported a 1.6% decline in annual revenue in fiscal year 2026 in constant currency terms, in line with its larger rival, Tata Consultancy Services, as geopolitical uncertainties, AI-led disruptions and slow deal ramp-ups weigh on its performance ...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

Jio Platforms is edging towards a long-awaited IPO as markets wobble amid Iran tensions. This and more in ...More

Jio Platforms is edging towards a long-awaited IPO as markets wobble amid Iran tensions. This and more in today's ETtech Top 5. ...Less

Wipro announced a Rs 15,000 crore share buyback at Rs 250 per share, its first in nearly three years. The ...More

Wipro announced a Rs 15,000 crore share buyback at Rs 250 per share, its first in nearly three years. The IT major plans to repurchase up to 60 crore shares, representing 5.7% of its paid-up capital. Promoters have indicated their intention to participate in this tender route buyback. ...Less

Wipro Q4 Results Preview: The company is projected to see its consolidated revenue remain stagnant compar ...More

Wipro Q4 Results Preview: The company is projected to see its consolidated revenue remain stagnant compared to the previous quarter and decrease by 4.3% year-on-year (YoY) to Rs 22,185 crore, based on the average estimates provided by 10 brokerage firms. ...Less

Wipro Q4 Results: IT major reported a net profit of Rs 3,570 crore for Q4 FY25, a 26% increase YoY, surpa ...More

Wipro Q4 Results: IT major reported a net profit of Rs 3,570 crore for Q4 FY25, a 26% increase YoY, surpassing Street expectations. Revenue rose 1% YoY to Rs 22,504 crore, while IT services revenue saw a slight decline. The company secured significant deal wins and improved client satisfaction, focusing on margin expansion amid a softening revenue environment. ...Less

Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended ...More

Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation. ...Less

Wipro has guided for a CC revenue growth in the range of -0.6% to 1% QoQ. In line with this, Jefferies es ...More

Wipro has guided for a CC revenue growth in the range of -0.6% to 1% QoQ. In line with this, Jefferies estimates revenue growth of 0.5% QoQ cc in the fourth quarter. Meanwhile, Kotak Institutional Equities is seeing the figure at the lower end of the guidance -0.4%. ...Less

Domestic brokerage Kotak Institutional Equities (KIE) said Wipro is likely to post Q4FY22 revenue at Rs 2 ...More

Domestic brokerage Kotak Institutional Equities (KIE) said Wipro is likely to post Q4FY22 revenue at Rs 21,001.3 crore, up 28.6 per cent year-on-year (YoY), powered by continued strength in discretionary spending and success in the mining of large accounts. ...Less

The Bengaluru-based company forecast a 1-3% growth for its IT services business for the ongoing quarter w ...More

The Bengaluru-based company forecast a 1-3% growth for its IT services business for the ongoing quarter which began in April, and double-digit growth during FY23 ...Less

Consolidated EPS jumped to Rs 9.33 per share as of March 31 from Rs 8.70 as of December 31. ...More

Consolidated EPS jumped to Rs 9.33 per share as of March 31 from Rs 8.70 as of December 31. ...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

Shares of the Bengaluru-headquartered company rose as high as 3.6% in Friday's trading before closing the ...More

Shares of the Bengaluru-headquartered company rose as high as 3.6% in Friday's trading before closing the session at ₹384.7 apiece on the NSE, up 2.75% from Thursday's close. Shares got a boost after the company announced a mega ₹12,000-crore share buyback plan, despite a weak Q4. ...Less

In addition, the FY22 revenue growth at 27.3% was the fastest among the top peers including TCS, Infosys, ...More

In addition, the FY22 revenue growth at 27.3% was the fastest among the top peers including TCS, Infosys, and HCL technologies. ...Less

Wipro anticipates a revenue decline in constant currency for Q4, likely near the lower end of its -1% to ...More

Wipro anticipates a revenue decline in constant currency for Q4, likely near the lower end of its -1% to 1% guidance. While revenue from operations may see a slight YoY increase, net profit is expected to jump significantly. Investors will closely monitor discretionary spending, particularly within the financial services sector, amid macroeconomic concerns. ...Less

The results will be announced after stock market trading hours. ...More

The results will be announced after stock market trading hours. ...Less

Wipro today reported a 37.74% YoY rise in March quarter consolidated profit at Rs 2,483 crore. ...More

Wipro today reported a 37.74% YoY rise in March quarter consolidated profit at Rs 2,483 crore. ...Less

While Tata Consultancy Services Ltd. (TCS), the country’s largest technology services firm by revenue, wi ...More

While Tata Consultancy Services Ltd. (TCS), the country’s largest technology services firm by revenue, will kick off the Q4 results season on April 12. Infosys’ on April 14 and Wipro on April 15 will follow. ...Less

Attrition has been a cause of concern with IT firms. The industry's attrition rate is hovering around 18- ...More

Attrition has been a cause of concern with IT firms. The industry's attrition rate is hovering around 18-22 per cent, according to industry analysts. ...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

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

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

Here are 10 takeaways from the fourth-quarter results of Wipro, which said the first quarter is likely to ...More

Here are 10 takeaways from the fourth-quarter results of Wipro, which said the first quarter is likely to be soft but demand is good overall. ...Less

Three months ago, it had guided for a sequential drop of 1.5% to 3.5% in CC revenue for the December quar ...More

Three months ago, it had guided for a sequential drop of 1.5% to 3.5% in CC revenue for the December quarter hinting at a subdued demand trend. On Friday, it reported a drop of 1.5% in CC terms, closer to the lower end of the guidance. In reported currency terms, revenue fell by 2.1% sequentially to $ 2,656.1 million. On average, analysts were expecting a fall of 1.9% to $ 2,661.6 million. ...Less

The company is expected to report flat revenue and profit growth in Q4FY20. ...More

The company is expected to report flat revenue and profit growth in Q4FY20. ...Less

Total income fell to Rs 14,304.6 crore from Rs 15,045.5 crore in the year-ago period. ...More

Total income fell to Rs 14,304.6 crore from Rs 15,045.5 crore in the year-ago period. ...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

Sebi has banned Gensol Engineering and its promoters from accessing the securities market. This and more ...More

Sebi has banned Gensol Engineering and its promoters from accessing the securities market. This and more in today’s ETtech Top 5. ...Less

Revenue climbed 8.98 per cent to Rs 15,006.30 crore during the quarter under review from Rs 13,768.60 cro ...More

Revenue climbed 8.98 per cent to Rs 15,006.30 crore during the quarter under review from Rs 13,768.60 crore last year. ...Less

Wipro expects topline from IT services to be in the range of $2,015 million to $2,065 million. ...More

Wipro expects topline from IT services to be in the range of $2,015 million to $2,065 million. ...Less

Revenue climbed 8.98 per cent to Rs 15,006.30 crore from Rs 13,768.60 crore last year. ...More

Revenue climbed 8.98 per cent to Rs 15,006.30 crore from Rs 13,768.60 crore last year. ...Less

The Bengaluru-based company forecast a 1-3% growth for its IT services business for the ongoing quarter w ...More

The Bengaluru-based company forecast a 1-3% growth for its IT services business for the ongoing quarter which began in April, and double-digit growth during FY23. It also estimated operating margin in the 17-17.5% range in the medium term. ...Less

This quarter is expected to be the worst in the last 5 years for India’s top software firms, with wild cu ...More

This quarter is expected to be the worst in the last 5 years for India’s top software firms, with wild currency fluctuations hurting margins of all the top players. ...Less

IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more ...More

IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in today’s ETtech Top 5. ...Less

Wipro’s performance dashed investor hopes that growth was around the corner for the company, which has be ...More

Wipro’s performance dashed investor hopes that growth was around the corner for the company, which has been lagging the industry. ...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

Support may not last long as business fundamentals — revenue and profit outlook — take rightful precedenc ...More

Support may not last long as business fundamentals — revenue and profit outlook — take rightful precedence, eliminating short-term impact of the buyback announcement at a premium ...Less

Wipro may guide for 1-3 per cent growth in constant currency revenue in the June quarter, say analysts. ...More

Wipro may guide for 1-3 per cent growth in constant currency revenue in the June quarter, say analysts. ...Less

Edelweiss expects the software major to post 1 per cent QoQ revenue growth in CC terms. ...More

Edelweiss expects the software major to post 1 per cent QoQ revenue growth in CC terms. ...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's last share buyback was in FY21 when Azim Premji-affiliated entities had tendered 22.89 crore unit ...More

Wipro's last share buyback was in FY21 when Azim Premji-affiliated entities had tendered 22.89 crore units worth about Rs 9,156 crore in between December 29, 2020, and January 11, 2021. Shares were bought back at a price of Rs 400 per equity share. ...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

Wipro has forecast 2-4% growth in the quarter to June, setting the base for a double-digit expansion—also ...More

Wipro has forecast 2-4% growth in the quarter to June, setting the base for a double-digit expansion—also likely its first in about 10 years. ...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

Wipro has been lagging its larger peers in the past few years, with only low single-digit organic constan ...More

Wipro has been lagging its larger peers in the past few years, with only low single-digit organic constant currency revenue growth. ...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

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 company expects revenue from its IT Services business to be in the range of $2,748 million to $2,80 ...More

Wipro company expects revenue from its IT Services business to be in the range of $2,748 million to $2,803million in the June 2022 quarter. This translates to a sequential growth of 1 per cent to 3 per cent. ...Less

A double digit growth in the dollar denominated revenue appears to be highly probable though it would be ...More

A double digit growth in the dollar denominated revenue appears to be highly probable though it would be on a lower base of the year gone by. A sustained deal momentum and a record employee addition support the expectations of high growth ahead. ...Less

Happy Thursday! Gensol promoter Anmol Singh Jaggi and BharatPe cofounder Ashneer Grover have a history of ...More

Happy Thursday! Gensol promoter Anmol Singh Jaggi and BharatPe cofounder Ashneer Grover have a history of investment dealings. This and more in today’s ETtech Morning Dispatch. ...Less

Wipro's Rs 12,000 crore share buyback program overshadowed weak Q1 FY24 revenue guidance, leading to a 3. ...More

Wipro's Rs 12,000 crore share buyback program overshadowed weak Q1 FY24 revenue guidance, leading to a 3.6% surge in its shares on Friday. Analysts opined that the stock may remain stable in the short-term due to the large buyback program but may impact payout over FY24/25E, thereby not warranting a re-look. The Q1 revenue guidance cut to 1-3% implied no growth in FY24, indicating divergence between revenue and deal intake. Several analysts lowered their price targets and EPS estimates, and expect Wipro to underperform peers in revenue growth over FY24-25E. ...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

Salary hikes during the quarter may hurt margins, but a favourable currency tailwind could help offset it ...More

Salary hikes during the quarter may hurt margins, but a favourable currency tailwind could help offset it, to an extent, analysts said. ...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

Q4 results: Apart from the IT majors Wipro and Infosys, leading financial companies HDFC Bank and Jio Fin ...More

Q4 results: Apart from the IT majors Wipro and Infosys, leading financial companies HDFC Bank and Jio Financial will also report their quarterly earnings during the week. ...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

Wipro is expected to post muted Q3 performance, with revenue rising about 4% YoY and margins remaining un ...More

Wipro is expected to post muted Q3 performance, with revenue rising about 4% YoY and margins remaining under pressure due to furloughs, deal ramp-up costs and acquisition integration. Brokerages see flat profit growth and limited sequential momentum, while Q4 guidance and large deal conversions will be key investor focus areas. ...Less

Analysts expect Wipro to see a 2.5-3.2% sequential decline in constant currency revenue growth in the inf ...More

Analysts expect Wipro to see a 2.5-3.2% sequential decline in constant currency revenue growth in the information technology services business, but this will be lower than that guided by the software services exporter. ...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

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’s larger rival Tata Consultancy Services, also reversed its headcount decline to add 625 employees ...More

Wipro’s larger rival Tata Consultancy Services, also reversed its headcount decline to add 625 employees in the fourth quarter and 6,433 in the full year to end March headcount at 607,979. ...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

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

Wipro share sale: Azim Premji Trust sold 20.23 crore Wipro shares for ₹5,057 crore via block deals on Mon ...More

Wipro share sale: Azim Premji Trust sold 20.23 crore Wipro shares for ₹5,057 crore via block deals on Monday. Hasham Traders and Prazim Traders acquired the stake, while Wipro stock closed higher post the deal amid strong Q4 earnings and stable outlook. ...Less

India's fourth largest software services exporter posted a net profit of Rs 3,570 crore for the quarter e ...More

India's fourth largest software services exporter posted a net profit of Rs 3,570 crore for the quarter ended March 31, in line with analyst estimates tracked by ET. Revenue rose 1.3% from a year earlier to Rs 22,504 crore. In dollar terms, Wipro missed its own guidance with revenue declining by 1.2% from the previous quarter and 2.3% a year earlier to nearly $2.60 billion. ...Less

“Our top pick would remain Infosys which we have been bullish on since the last two-three quarters. Withi ...More

“Our top pick would remain Infosys which we have been bullish on since the last two-three quarters. Within the IT pack, we like Infosys only and last quarter we upgraded HCL Tech from hold to buy. The second bet would be HCL Tech. We have a buy on Wipro but after this commentary, we would able to come out with details in terms of whether we will maintain the positive stance” ...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

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

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

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

Indian Hotels Company (IHCL) reported a 23% YoY profit growth to ₹582 crore and 29% revenue growth in Q3 ...More

Indian Hotels Company (IHCL) reported a 23% YoY profit growth to ₹582 crore and 29% revenue growth in Q3 FY25, driven by its air and institutional catering business and expanded property portfolio. ...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

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

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

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 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 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

The board of the company declared an interim dividend of Rs 1 per equity share. ...More

The board of the company declared an interim dividend of Rs 1 per equity share. ...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

Utilisation rates for IT companies mean the percentage of their employees working on active projects. Thi ...More

Utilisation rates for IT companies mean the percentage of their employees working on active projects. This metric had significantly dropped for them in the past few quarters. ...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

Under the agreement, Wipro will assist Entrust in expanding operations and speeding up growth by offering ...More

Under the agreement, Wipro will assist Entrust in expanding operations and speeding up growth by offering services in product development, infrastructure management, and application modernisation. Wipro will enhance application security by using advanced analytics to detect vulnerabilities and provide actionable insights for smarter software development. ...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

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 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

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