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Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…
BENGALURU: Wipro has emailed fresh graduates hired under its Work Integrated Learning Programme (WILP), asking whether they would like to transition to regular employment. People aware of developments attributed the move to urgent project ramp-ups, prompting the company to onboard talent sooner.WILP offers fresh BCA and BSc graduates an opportunity to begin their careers while…
The sell-off in IT stocks was triggered by an announcement from US-based AI startup Anthropic. (AI image) IT stocks crash! Shares of Indian IT majors Infosys, Wipro, HCL Tech, Tata Consultancy Services (TCS), and Persistent Systems tanked in opening trade on Wednesday, dragging Sensex down by over 100 points. The decline was due to concerns…
BENGALURU: Wipro reported revenue of $2.6 billion for the Dec quarter, marking a 1.2% sequential increase and a marginal 0.2% rise year on year. In constant currency terms, revenue grew 1.4% sequentially but declined 1.2% compared with the year-ago period. Wipro CEO Srini Pallia said that excluding the Harman DTS acquisition, revenue grew 0.6% sequentially…
Wipro will continue to allow for temporary remote working, but the allowable number of such days has been reduced to 12 from 15 in a calendar year. IT services giant Wipro has tweaked its work from office policy, putting in more stringent checks for employees. The new rules require employees to stay in the office…
IT services major Wipro on Thursday reported a marginal increase in its consolidated net profit to Rs 3,246.2 crore for the July-September quarter, up from Rs 3,208.8 crore in the year-ago period, according to a regulatory filing with stock exchanges.Revenue from operations for the quarter rose 1.7 per cent to Rs 22,697.3 crore, compared with…
Karnataka Chief Minister Siddaramaiah has written to Wipro founder Azim Premji requesting the IT giant to allow limited vehicular movement through its campus to help ease Bengaluru’s notorious traffic congestion on the Outer Ring Road. In a letter dated September 19, Siddaramaiah specifically targeted the severe traffic bottleneck at Iblur junction along the ORR corridor,…
H-1B visa fee hike impact on Indian IT stocks today: Indian equity markets opened the week on a cautious note as investors digested the shock announcement from Washington, a steep hike in the cost of H-1B visas. This comes after the Trump administration raised the one-time fee for new H-1B petitions to an unprecedented $100,000…
Indian IT giants are preparing for a wave of contract renewals worth about $13 billion to December end, offering companies like Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro a chance to secure a share of the info tech market.The surge comes as clients push for cost savings and AI-driven efficiency, according to data from…
