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1 min read
Wipro likely to cut hundreds of jobs to improve margins
Software major Wipro is likely to cut hundreds of mid-level jobs, as the company looks to improve i…
2 mins read
IT biggies spent 62% of revenues on wages in FY22, salary bill at ₹3 lakh crore
Top companies like TCS, Infosys and Wipro have been consistent in how much they pay to their employ…
5 mins read
Recession in the US may cool off attrition in IT sector along with revenues
After two years of bumper profits and mind-boggling salary hikes, TCS, Infosys and Wipro – along wi…
3 mins read
TCS to kick off Q3 earnings with street glued to strategy and deal commentary
IT bellwether, TCS, will kick off the Q3FY24 earnings season on Thursday evening and is expected to…
5 mins read
IT sector preview: Q3 to see slow deal conversions, soft demand and furloughs
The tide might have turned for IT stocks as investors found them in favour again. However, the thir…
6 mins read
Earnings preview: Q2 to be another washout quarter for IT sector, market to focus on execution
Little has changed for the Indian IT sector in the last three months. The second quarter earnings a…
3 mins read
Profit margins of IT companies must be under pressure for January-March quarter due to record hiring and salary hikes
The March quarter earnings season will begin next week with the results of major information techno…
5 mins read
Wipro sees FY23 revenue growth at 11.5-12%, Q3 profit growth beats analyst expectations
Indian IT services company Wipro said on Friday that it expects its constant currency revenue to gr…
4 mins read
Wipro Q2 net profit rises 3.7% to ₹2,659 cr sequentially, but isn’t as optimistic about Q3
IT services major Wipro today reported a 3.7% sequential increase in its second quarter net profit …
4 mins read
Sensex, Nifty50 plummet as inflation worries stoke rate hike fears
India’s benchmark indices Sensex and Nifty50 plummeted in the first half of trading on Wednesday am…
4 mins read
Wipro’s net profit drops 17% drop in Q1 as recession fears grip its non-US clients
Indian IT services major Wipro reported a 17% sequential drop in its net profit on recession fears.…
5 mins read
Hiring by IT cos down 96% in Q3 compared to preceding 7 quarters even as attrition cools
Collectively India’s top four IT companies TCS, Infosys, HCL Tech and Wipro saw a net addition of j…
2 mins read
Wipro's hiring will be slower in the coming months and current employees may be asked to go on leave without pay
Hiring will be slower in the coming quarter and any onboarding — which includes campus placement…
3 mins read
It is attrition rates and not the wage hikes dampening Indian IT cos earnings
The Indian IT sector is in trouble – not entirely due to recessionary concerns or smaller deal wins…
1 min read
Azim Premji’s biography announced — here’s all you need to know about it
As the czar of the Indian IT Industry, Wipro chairman Azim Premji, turned 75 on July 24, publishe…
3 mins read
Wipro is hiring BCA and B.Sc grads for its Work Integrated Learning Program with a maximum stipend of ₹23,000 per month
Students will also eligible for a monthly stipend — Candidates will als…
1 min read
A look at Azim Premji’s salary and donations over the years shows the Wipro founder is India’s most generous billionaire
At the age of 73, India’s second richest man, Azim Premji, with a net worth of $22 billion has deci…
2 mins read
SpiceJet sheds ₹400 crore in value within an hour of trading as CFO quits and losses mount
SpiceJet’s shares plunged after its CFO resigned and the company reported wider losses in Q1 FY23. …
2 mins read
Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay
The move is to counter shortage of digital professionals in order to meet client orders efficien…
4 mins read
IT jobs are safer than startup jobs but a salary bubble burst awaits them
Even as the Indian startup job crisis looms large, the startup-adjacent IT sector might not go the …