For the first time in a decade, top 3 IT services firm see dip in headcount

[ad_1] Once a major force for offering employment in the country, IT services firms have seen a reduction in their workforce for the first time in at least a decade. Large Indian IT firms pruned their workforce during fiscal 2024...

Wipro Q4 net profit falls 7.8% to ₹2,835 cr

[ad_1] IT service company Wipro on Friday reported a 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about ₹2,834.6 crore, and cautioned that the macroeconomic environment remains "uncertain".The Bengaluru-headquartered company, which recently saw...

Srini Pallia — The insider trusted to hike Wipro back up

[ad_1] IT major Wipro recently appointed Srinivas Pallia as Chief Executive Officer and Managing Director to succeed outgoing Thierry Delaporte. Pallia — referred to as Srini — so far a lesser-known executive, with his three decades of experience at Wipro...

Thierry Delaporte’s mixed legacy at Wipro

[ad_1] Thierry Delaporte, IT major Wipro’s CEO find - bought in four years ago to get the lagging company out of the rut, resigned a year before his term ends, on April 6. His exit, although abrupt, isn’t a shocker,...

Muted demand to stymie Q4 hopes of IT firms

[ad_1] The fourth quarter of 2023-24 is not going to bring any good news for the Indian IT industry. Going by the global macro cues, the fourth quarter results are likely to reflect the continuation of recent soft demand trends....

Wipro collaborates with IISc to offer MTech in AI to its employees

[ad_1] Wipro Ltd has collaborated with the Indian Institute of Science (IISc), Bengaluru, to offer eligible employees a higher education program in AI. The online Master’s in Technology (MTech) course will focus on key areas such as AI, foundations of...

Nifty, Sensex trade flat; IT stocks drag

[ad_1] Benchmark indices traded flat intra-day after opening lower in the morning trade. BSE Sensex traded at 72,816.03, up by 174.84 pts or 0.24 per cent as of 12.25 pm, Nifty 50 traded at 22,083.70, up by 71.75 pts or...

Sensex, Nifty open lower; IT stocks underperform

[ad_1] Equity markets open lower on Friday. The Sensex declined by 222.49 pts or 0.31 per cent to trade at 72,418.70 as of 9.38 am, while the Nifty 50 was down by 56.70 pts or 0.26 per cent to trade...
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