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WIPRO CASH RESERVES
ED's Parimatch heat reaches Zepto; SPC's India deeptech pushZepto has come under the ED's scanner as part of its probe into Parimatch. This and more in today's ETtech Top 5.- IT rally rages on! Infosys, TCS, other stocks jump up to 4% despite overall market weaknessIndian IT stocks, including Infosys and TCS, surged over 3% on Tuesday, extending a three-day rally despite a broader market decline. This ...
- Wipro's Rs 15,000 crore share buyback at 23% premium: Should you buy before record date?Wipro has announced a Rs 15,000 crore share buyback. The record date is June 5, with shares to be repurchased at Rs 250 each. This offers a...
- IT majors may stick with buybacks despite tax changes, says Sushovan NayakIndian IT firms are likely to favor share buybacks over dividends following recent tax reforms. Market expert Sushovan Nayak believes the n...
- Wipro to acquire UK’s Capco for $1.45 billionAnnouncing the all-cash deal, which ranks among the largest acquisitions by an Indian IT services company, the Bengaluru-headquartered IT m...
- Wipro to acquire UK-based Capco for $1.45 billionThe Wipro-Capco deal, among the biggest buyouts in the Indian IT space, marks the fourth acquisition by the Bengaluru-based firm since July...
- Wipro sets opening date for Rs 9,500-crore share buyback offerWipro's shareholders have approved its proposal to buy back up to 23.75 crore equity shares, equivalent to 4.16% stake in the company, at R...
- Wipro lines up Rs 9,500 crore buyback at Rs 400 a shareWipro will buy 4.16 per cent of the total paid up equity shares or 237.5 million shares at Rs 400 per share, an increase of 6.5 per cent ov...
- TCS, Infosys and Wipro first in line for spoils of a Covid wipeoutThe firms have reserves of more than $13 billion to buy rivals in niche segments.
- Wipro Q4 net slips 6% to Rs 2,345 crore; suspends guidanceIn the quarter to March, Wipro’s revenue was impacted by around $14-16 million or 0.7 per cent-0.8 per cent of revenue, due to project clos...
- Experts flag HCL’s $200-million debt planIT firm plans to raise funds in debt to part-fund its IBM IP assets acquisition.
- Jatin Dalal is new Wipro Chief Financial Officer, Suresh Senapaty steps downWipro executive Jatin Dalal will take over from Suresh Senapaty, as the Chief Financial Officer of Wipro, India's third largest IT service ...
- BSE 500 companies like Sun Pharma, Wipro and others sit on a cash pile with no avenues to investAs many as 126 cos – excluding those in banking & financial services sectors which deal in cash – ended fiscal year with more cash than deb...
- IT majors such as Infosys, TCS, Wipro, HCL, MphasiS are shifting cash to bank FDs on account of the growing economic uncertaintiesInfosys CFO said the transfer of funds into bank FDs is on account of the better returns the instrument is offering as compared to liquid m...
- Cash reserves help IT biggies stay in shapeBalance sheets for FY09 show that the IT biggies are sitting on healthy cash reserves, which can help them in times of crisis. IT trends I ...
- Cash kitty to help IT companies tide over crisisIT biggies are sitting on healthy reserves & surplus which can help them in times of crisis, say experts. IT/ITes predictions for '09 | IT ...
- IT majors trust PSU banks more for their Rs 20000 crore cashTCS, Infy, Wipro & HCL Tech are sitting on a cash pile of $4 bn , majority of which they have moved to PSBs.
- Top Indian IT cos to tide over slumpWith cash reserves in excess of $500 m, TCS, Infy, Wipro, Satyam, HCL & Cognizant are in a good position to tide over slowdown. Survive cre...
- Mega deal: Wipro to buy Infocrossing for $600 mnWipro has offered to pay $18.70 per share of the New Jersey-based company that provides select outsourcing services to mid-sized companies ...
- India, Inc. sits on a record pileCorporate India is sitting pretty on a pile of Rs 1,50,000 cr and high-spirited spending seems under way.
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