Bengaluru-based IT company Wipro has collaborated with an Israeli company called Check Point with an objective to strengthen the delivery of cybersecurity and threat prevention solutions for customers that are investing in cloud infrastructure. With this partnership, Wipro would deliver Check Point’s advanced and dynamic cloud security solution, CloudGuard IaaS (infrastructure as a service). Also, Wipro and Check […]
Wipro has increased fresher salaries to Rs 3.5 lakh per annum, from about 3.2 lakh. Salaries of campus recruits had remained stagnant for many years across the industry. “We are also introducing a coding test to improve the quality of hires. We are looking to roll out a broad-based national talent test to expand the reach of our […]
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading information technology, consulting and business process services company, today announced that it has won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions LLC, a leader in technology-enabled health, wealth, HR and finance solutions. This deal will result […]
The IT services corporation Wipro has announced that its senior vice-president and global head of the healthcare business Jeffrey Heenan-Jalil has stepped down after working for a decade with the company. This resignation marked the second top-level exit in the healthcare division in less than three years. When Jalil joined Wipro, he succeeded Sangita Singh who later moved to Infosys […]
HCL Technologies Ltd excels Wipro Ltd to become India’s third-biggest software services provider in the three months to 30 June, marking the first change in the pecking order of the country’s $167 billion IT outsourcing industry in six years. The revenue of Noida-based HCL Technologies rose 0.8% to $2.06 billion in the quarter from the […]
One of the leading information technology (IT) companies Wipro has reportedly won an outsourcing contract worth $1 billion from Alight Solutions. Bengaluru-based Wipro purchased Alight Solutions’ IT business for $117 million on Friday, and is in the advanced stages of negotiating the agreement that will possibly expand over seven years and $140 million in annual […]
Wipro chief executive Abidali Z Neemuchwala saw his pay package growing over 34 per cent to Rs 182.3 million (Rs 18.23 crore) during FY2017-18 compared to the previous financial year, as per the company’s annual report. According to the report, Neemuchwala who was paid in US dollars received an equivalent of Rs 62.9 million (Rs 6.29 […]
Wipro Ltd announced it has invested $2.02 million in Avaamo Inc and picked up a 20% minority stake on a diluted basis in the US-based artificial intelligence computing platform. In a BSE filing, the company stated, “Investment of $2.02 million in this tranche through a fresh infusion of funds into Avaamo.” Reports suggest that the […]
Elliott Management, the activist hedge fund credited in the change of Cognizant’s business model two years ago, recently bought a tiny stake in Wipro, the Information Technology Services Corporation. This investment further highlights the 34-billion hedge fund company’s interest in Indian IT companies as it presently owns two companies in this sector out of their […]
Americans now constitute 50 per cent of the Wipro workforce in the US, making it the first major Indian IT company to cross the benchmark that could help it get rid of some of the punitive provisions of Congressional legislations with regard to hiring foreign workers on H-1B visas. Over the past six months, Wipro […]
The country’s third largest software services firm Wipro has invested USD 809,690 (about Rs 5.12 crore) in management and IT consulting firm Drivestream. The cash consideration will see Wipro acquiring 19,679 preferred stocks and 27,865 common stocks, Wipro said in a BSE filing. Wipro now holds 26.1 per cent share in Drivestream (on a fully […]
Wipro Limited Chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he “remains committed to Wipro.” In his letter to Wiproites, he had termed the news article reportedly published in this regard as “baseless and malicious.” A news website had yesterday quoting […]