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Bengaluru: Amid lacklustre performance, Wipro approved its sixth-and largest-share buyback to date, worth Rs 15,000 crore at Rs 250 per share. Founder Azim Premji and the promoter group are set to participate in the buyback.As part of its capital allocation strategy, the board proposed buying back up to 60 crore equity shares of face value…
Bengaluru: TCS’s performance in the December quarter came in below analysts’ expectations on both revenue growth and earnings (Ebit) margins. Despite global uncertainty weighing on spending, demand for tech-led transformation remains resilient. In an interview with TOI, CEO K Krithivasan and CHRO Sudeep Kunnumal discussed the demand environment, hiring outlook, and the trajectory of its…
NEW DELHI: In a move that could significantly enhance the coverage of Employees Provident Fund Organisation, a proposal to increase monthly wage ceiling beyond the current Rs 15,000 is back on the table amid suggestions that it should be raised to Rs 25,000-30,000 a month.The wage ceiling refers to the salary threshold up to which…
Chennai: Taiwan-based electronics giant Hon Hai Technology Group (Foxconn) on Tuesday denied discussing any fresh investment in Tamil Nadu during its meeting with CM M K Stalin on Monday. Foxconn contradicted claims by the state industries department that it had committed Rs 15,000 crore for investment in the state. In response to TOI’s query, the…
CHENNAI: Taiwan-based electronics major Hon Hai Technology Group (Foxconn) has announced an investment of Rs 15,000 crore for various manufacturing projects in Tamil Nadu, the state’s industries minister TR B Rajaa said.While details of the projects were not disclosed, it is learnt that Foxconn is likely to invest in electric vehicle batteries, among other technology…
NEW DELHI: India’s medical education system is set for its biggest expansion yet, with the Cabinet on Wednesday approving the creation of 5,000 new postgraduate seats and 5,023 MBBS seats in govt institutions. It also cleared the Department of Scientific and Industrial Research’s (DSIR) Capacity Building and Human Resource Development scheme with an outlay of…
