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Bengaluru: Wipro is gearing up for a key capital allocation decision, signaling a potential return of cash to shareholders as its board prepares to review a share buyback proposal next week. Board To Evaluate Buyback Wipro confirmed that its Board of Directors will examine a proposal to repurchase equity shares during its meeting slated over April 15-16, 2026. The move indicates the company may be considering deploying surplus cash to reward shareholders, a strategy commonly used to improve ea ...Read More >
Mumbai, April 7: Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close. The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58. "Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critical hurdle due to ...Read More >
Mumbai, April 7 (SocialNews.XYZ) Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close. The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58. "Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critic ...Read More >
Brokerages broadly expect IT companies to deliver a resilient Q4FY26 performance, supported by easing furloughs, steady deal ramp-ups and vendor consolidation. India Inc's Q4 earnings season is set to begin, with the IT sector taking centre stage as Tata Consultancy Services (TCS) kicks off results on April 9. Other majors, including Wipro (April 16), HCL Technologies (April 21) and Tech Mahindra (April 22) will follow, setting the tone for the sector amid global uncertainty and rising AI disru ...Read More >
Mumbai (Maharashtra) [India], April 6 (ANI): Shares of Wipro Limited ended higher on Monday after the company announced a major multi-year strategic deal with Singapore-based Olam Group. In an exchange filing, Wipro said it has secured a large transformation contract with Olam Group, marking a significant development in its international business operations. The 8-year partnership is expected to generate over USD 1 billion in total contract value, with a committed spend of USD 800 million. As ...Read More >
Mumbai (Maharashtra) [India], April 6 (ANI): Shares of Wipro Limited ended higher on Monday after the company announced a major multi-year strategic deal with Singapore-based Olam Group. In an exchange filing, Wipro said it has secured a large transformation contract with Olam Group, marking a significant development in its international business operations. Also Read | Sikkim State Lottery Result Today 6 PM Live: Dear Legend Monday Lottery Result of April 6, 2026 Declared Online, Watch Lucky ...Read More >
Wipro -- the Indian tech giant founded by billionaire Azim Premji -- is buying the IT unit of Olam Group for $375 million as the Singapore-based company moves to re-organize its operations and focus on its core agricultural commodities business. Under the deal, which is subject to customary closing conditions, Bangalore-based Wipro will buy Olam's entire stake in its IT and digital services unit, Mindsprint, in cash. Following the acquisition, Wipro will provide Olam IT services for eight years ...Read More >
BENGALURU: Tessolve has never been shy about its ambitions. The Bengaluru-based engineering services firm already counts 18 of the world's top 20 semiconductor companies among its clients, employs more than 3,500 engineers across 12 countries, and last year pocketed a $150m investment from TPG. Now it has hired the executive it believes can turn those assets into something bigger. Ravi Kumar Chirugudu, a 35-year semiconductor veteran who once built satellite payloads for ISRO and has since scale ...Read More >
BENGALURU: Wipro has signed an eight-year agreement with Singapore-headquartered Olam Group in a deal expected to exceed $1 billion in total contract value, according to the company's exchange filing. The agreement includes a committed spend of $800 million and is among the largest transformation deals signed by the Indian IT services major. As part of the broader arrangement, Wipro will also acquire Olam's digital services arm, Mindsprint, for a total consideration of around $375 million in a ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU: Wipro Limited has secured one of its largest transformation mandates, signing an eight-year strategic deal with Olam Group that is expected to exceed $1 billion in value. As part of the agreement, Wipro will also acquire Mindsprint, Olam's IT and digital services arm, in a move that deepens its industry expertise and strengthens its capabilities in the food and agri-business sector. The acquisition, subject to regulatory approvals, is expected to close by the end of June 2026. Headq ...Read More >
April 6 (Reuters) - Shares of Wipro (WIPR.NS), opens new tab rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group (OLAG.SI), opens new tab for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index (.NIFTYIT), opens new tab, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50 (.NSEI), opens new tab, which ...Read More >
(RTTNews) - Indian shares traded lower in early trade on Monday due to lingering geopolitical tensions, rising crude oil prices and continued FII selling. Brent crude prices traded near $110 a barrel as U.S. President Donald Trump renewed his threat to attack Iran's bridges and power plants, warning he would bring "Hell" to Iran if they do not open the vital waterway by 8 p.m. Eastern Time on Tuesday. Trump will hold a news conference "with the Military" at the Oval Office at 1 p.m. later toda ...Read More >
April 6 (Reuters) - Shares of Wipro rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50, which was down 0.2%. Olam Holdings, a unit of the Singapore food and agribusiness conglomerate, will se ...Read More >
Singapore/New Delhi, Apr 6 (PTI) IT services firm Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed USD 1 billion (about Rs 9,314 crore) in contract value. As part of the broader engagement, Wipro said it will acquire Olam Group's IT and digital services business, Mindsprint Pte. Ltd., for USD 375 million (about Rs 3,494 crore). "Wipro has secured a multi-year strategic transformation deal with Olam Gro ...Read More >
New Delhi [India], April 6 (ANI): The Indian Markets opened in red on Monday as domestic indices reflected global anxiety over geopolitical developments. The BSE SENSEX stood at 73,206.60 points, down by 112.95 points or 0.15 per cent at 9:16 am. The NSE NIFTY 50 stood at 22,696.75 points with a decline of 16.35 points or 0.07 per cent. Wipro, Hindalco Industries, Titan and Trent are among major gainers on the Nifty while Kotak Mahindra Bank, Interglobe Aviation, Tata Steel, Bajaj Finance are a ...Read More >
April 6 (Reuters) - Shares of Wipro rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50, which was down 0.2%. Olam Holdings, a unit of the Singapore food and agribusiness conglomerate, will se ...Read More >
New Delhi: Indian markets opened in the red on Monday, reflecting global anxiety over geopolitical developments. The BSE Sensex stood at 73,206.60 points, down by 112.95 points or 0.15 per cent at 9:16 am, while the NSE Nifty 50 was at 22,696.75 points, declining by 16.35 points or 0.07 per cent. Among Nifty stocks, Wipro, Hindalco Industries, Titan, and Trent were major gainers, whereas Kotak Mahindra Bank, InterGlobe Aviation, Tata Steel, and Bajaj Finance were among the top losers. Meanwhil ...Read More >
New Delhi [India], April 6 (ANI): The Indian Markets opened in red on Monday as domestic indices reflected global anxiety over geopolitical developments. The BSE SENSEX stood at 73,206.60 points, down by 112.95 points or 0.15 per cent at 9:16 am. The NSE NIFTY 50 stood at 22,696.75 points with a decline of 16.35 points or 0.07 per cent. Wipro, Hindalco Industries, Titan and Trent are among major gainers on the Nifty while Kotak Mahindra Bank, Interglobe Aviation, Tata Steel, Bajaj Finance are a ...Read More >
Mumbai: Wipro is doubling down on large transformation deals, using acquisitions to deepen its role in long-term client engagements and expand domain-led capabilities. Wipro will acquire full ownership of Singapore-based Mindsprint and its subsidiaries in a cash deal valued at USD 375 million, subject to customary adjustments. The agreement, signed on April 5, 2026, gives Wipro complete control over the IT services firm, marking a targeted expansion in digital transformation capabilities. The t ...Read More >
New Delhi, Apr 1 (PTI) IT services major Wipro on Wednesday announced the launch of a dedicated AI-Native Business and Platforms unit, triggering a top-level leadership shuffle. Wipro veteran Nagendra Bandaru, who was serving as the President and Managing Partner of Technology Services Global Business Lines (GBL), has been appointed as Chief Executive Officer of the newly formed AI unit, effective immediately. Bandaru, who has been with Wipro for nearly three decades, will continue to report t ...Read More >
New Delhi, Oct 23 (PTI) IT stocks were in the limelight on Thursday, with Infosys surging nearly 4 per cent, helping drive the equity markets higher. Shares of Infosys climbed 3.86 per cent to settle at Rs 1,528.85 apiece on the BSE. During the day, the stock jumped 5 per cent to Rs 1,545.70. On the NSE, it edged higher by 3.81 per cent to Rs 1,528.50 per share. Shares of HCL Tech climbed 2.43 per cent, Tata Consultancy Services went up by 2.24 per cent, Hexaware Tech rose by 1.76 per cent, W ...Read More >
Indian stock markets, Sensex and Nifty, recovered from an early dip on Friday. Foreign fund inflows and anticipation of US Federal Reserve rate cuts boosted investor sentiment. Asian Paints, Mahindra & Mahindra, and Bharti Airtel were among the top gainers. This rebound follows strong performance on Thursday, driven by positive economic outlook and global factors. Mumbai, Equity benchmark indices Sensex and Nifty bounced back after starting the trade on a weak note on Friday, helped by foreign ...Read More >
New Delhi [India], October 18: Sukarya was serving local communities since 1998. They have worked at grassroots level to serve 34 slums in Delhi and Gurugram, 30 villages in Nuh District (Haryana) and 30 in Khairthal-Tijara District of Rajasthan. Also Read | Jackie Shroff Celebrates 40 Years of 'Teri Meherbaniyan', Recalls Iconic Role and Bond With Dog Moti (Watch Video). "Our vision was very clear that women's health is inseparable from empowerment. To strengthen women's financial ability, we ...Read More >
Mumbai, October 18: The Indian equity benchmarks ended the week decisively higher amid short covering from foreign institutional investor (FII) participants and resilient domestic cues. Market optimism was bolstered by clarity in the India-US trade relations, with both sides tentatively agreeing to conclude the first phase of the deal by November. The sentiment remained upbeat as Bank Nifty achieved a new milestone, driven by robust buying interest in leading banking stocks. Investor confidence ...Read More >
New Delhi, Oct 17 (PTI) Shares of IT services firm Wipro on Friday dropped nearly 5 per cent after the company's September quarter earnings failed to cheer investors. Wipro on Thursday reported a marginal increase in consolidated net profit to Rs 3,246.2 crore in the July-September quarter, even as company CEO and MD Srini Pallia asserted that the demand environment remains robust with discretionary spends shifting towards AI-related projects. Deepening its AI bet, the Bengaluru-headquartered ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increas ...Read More >
(RTTNews) - Indian shares were little changed in early trade on Friday due to escalating Sino-U.S. tensions and renewed concerns about the U.S. banking sector. The benchmark BSE Sensex was down 7 points at 83,460 while the broader NSE Nifty index was marginally higher at 25,595. Infosys fell 1.6 percent on reporting a 2.2 percent quarter-on-quarter revenue increase in constant currency terms for Q2FY26. Wipro slumped 4.2 percent on reporting a 2.5 percent quarter-on-quarter (QoQ) decline in i ...Read More >
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