IT NITES Complaints To Labour Ministry Against Wipro Over Salary
Disappointed with the company, IT employee union Nascent Information Technology Employees Senate (NITES) has filed a complaint against Indian IT major Wipro with the Labour Ministry. Filed on February 22, the complaint reads, "The company [Wipro] is now reducing the salary of freshers unethically, which is a clear violation of the terms of the offer letter and a breach of contract." Wipro revised offer letter, reducing salaries by 50%.
Tags: Wipro, IT Department, labour ministry, salary, Tech Company
Courtesy: Business Today
TCS COO N Ganapathy Subramaniam Deems Moonlighting Ethical Concern
Moonlighting is becoming a serious issue in the tech industry. While some internet businesses, such as Swiggy, support moonlighting, the policy that permits employees to work additional jobs in addition to their primary employment. Wipro CEO Rishad Premji has fiercely opposed the notion of moonlighting, while TCS COO N Ganapathy Subramaniam has labeled it an ethical concern. Subramaniam argues that allowing regulations such as moonlighting… read-more
Tags: Wipro, TCS, ethical issue, CEO, COO
Courtesy: India Today
Wipro Reports Declined Revenue In June Quarter, Profit At Rs 2,563 Crore
Wipro, an IT-major company reported a dip of revenue in its June quarter profit at Rs 2,563 crore, at 20.9%. As per sources, for the quarter revenue rose to 17.9% , Rs 21,528.6 crore. Its operating margin in IT services segment decreased by 200 bps QoQ to 15%. With this, the consolidated total revenue of the Bengaluru-based Wipro is 15.51%. Furthermore, in terms of dollars, revenue is $2.7 billion.
Tags: Wipro, IT Company, bengaluru, Quarter Revenue, REVENUE DECLINE
Courtesy: News 18
Satya Easwaran Appointed As Wipro India Head
Satya Easwaran, who has served as a top executive in the professional services network, KPMG, has been appointed as the new Wipro India Head. In his new role, he would be responsible for strengthening the company's business in the country. Anis Chenchah, a member of the Wipro executive board, noted that Easwaran's global experience and his track record would be helpful in strengthening the company's image as a reliable partner.
Tags: Wipro, executives, Company, Director, India
Courtesy: Press Trust Of India
Wipro's Profits Fall By 9.6%, Yet Surpasses $10 Billion Milestone
The country's third-largest IT services company, Wipro has reported a profit of Rs. 2,930.7 crore in the September 2021 quarter. Furthermore, the profits declined by 9.6% due to a contraction in margins after a wage hike. However, gross revenue has been increased by 7.8%, making it Rs. 19,760.7 crore. Wipro also surpassed the $10 billion milestones of annual revenue run rate.
Tags: Wipro, QUARTER PROFITS, Bangalore
Courtesy: Money Control
Wipro Likely To Allow Employees Work From Office Soon
Indian multinational company Wipro is expected to allow its employees to work from the office, from September. Saurabh Govil, the Chief Human Resources Officer, stated that the decision would be implemented depending on the pandemic and the third wave, as well as on the speed of the vaccination drive. The company has vaccinated almost 35,000 employees under its premises.
Tags: Wipro, IT Company, Covid-19, Vaccination, Office
Courtesy: Times Now Digital
Indian IT Firms to Retrench 3 Million Employees By 2022: Report
As per sources, with automation coming at a faster pace across industries like tech space and domestic software firms, around 3 million people are likely to lose their jobs by 2022. This slash of headcount is expected to save companies an enormous amount of USD 100 billion, which they pay off as salaries annually. TCS, Infosys, Wipro and Tech Mahindra are some of the companies which are likely to retrench.
Tags: IT Firms, TCS, Infosys, Tech Mahindra, Wipro
Courtesy: Hindustan times
Showing Recovery Signs, IT Giants Give Second Increment To Employees
Showing signs of recovery, several IT Companies including Accenture, Infosys, WIPRO and Tech Mahindra have given a second increment and promotion within a month. Reportedly, the move came after business picked up in the second half of 2021. While the last year’s increment were deferred due to pandemic-led dip in the market, the companies are paying out loud amid intense talent competition ushered by business recovery.
Tags: IT Company, Wipro, Infosys, Hike, employees
Courtesy: Times of India
Wipro Acquires British Consultancy Firm 'Capco' In $1.45 Billion Deal
The Azim Premji-promoted IT giant Wipro is all set to acquire British consultancy firm Capco in a $1.45-billion deal. Accounting for the highest investment in technology by the company, the deal will help Wipro gain over 30 new banking and financial services, and insurance clients. Based in London, Capco offers services to financial institutions in American, European, and Pacific regions. Wipro had Rs 45,234 crore cash on its book at the… read-more
Tags: Wipro, Software services, Capco, business
Courtesy: The Financial Express
Dallas Venture Capital Launches 'DVC Advantage' To Assist Startups
The Dallas Venture Capital (DVC), an Indo-American firm owned by Dayakar Puskoor and former Wipro CEO Abid Neemuchwala, launched 'DVC Advantage' on January 6 to help startups. The DVC Advantage would help start-ups in various areas like corporate governance, technological assistance, and business development among others. The programs will assist the portfolio companies with strategic guidance across products,… read-more
Tags: Dallas Venture Capital, Wipro, Abid Neemuchwala, Dayakar Puskoor
Courtesy: Brifly News