Budget 2020

Wipro Q3 results: Net profit rises 21% to Rs 2,967 cr, beats estimates

NEW DELHI: Wipro on Wednesday reported a 20.8 per cent YoY rise in net profit at Rs 2,966.70 crore for the December quarter compared with Rs 2,455.80 crore in the same quarter last year. The number beat an ET NOW poll estimate of Rs 2,554 crore. Revenue for the quarter rose 1.3 per cent YoY […]

News Headlines

SolarWinds breach unlikely to ground Indian IT companies: Analysts

Around 18,000 of its 300,000 customers who were using the Orion platform could be impacted and the company has already released patches to plug the vulnerability, it said. Synopsis “I think this is something (on which) there is a lot of discussion going on. At this stage, we are carefully evaluating it,” said Salil Parekh, […]

Budget 2020

Will RBI’s relaxed loan-to-value rules make home loans cheaper?

By DK Agarwal RBI has rationalised the risk weights and link them to loan-to-value (LTV) ratios for all new home loans sanctioned up to March 31, 2022. This is expected to make the product attractive for both borrowers and lenders. According to RBI, retail housing loans will attract a risk weight of 35 per cent, […]

Budget 2020

Wipro to roll out promotions to 80% of staff by Dec.

Wipro has hired 3,000 freshers in the September quarter taking the total headcount to 1.8 lakh. It has also hired 439 laterals during the same period. Wipro has given 100% variable payout to its employees in the second quarter. In the quarter, it’s employee utilisation has improved 140 basis points to 76.4% . The Bengaluru-based […]

Budget 2020

Brokerages raise Wipro price targets after Q2 results

Brokerages raised target price on Wipro after its second-quarter result but most of them have retained ratings equivalent to neutral or sell on the stock as they believe valuations are expensive and growth will lag peers. Wipro on Tuesday posted a 3.2% sequential growth in consolidated profit for the quarter ended September and announced a […]

News Headlines

COVID-19 has made re-skilling more imperative: Saurabh Govil, Wipro

NEW DELHI: Covid 19 has accelerated adoption of digital technologies across industries. This in turn has resulted in a surge in re-skilling. At Wipro, on an average around 40,000 employees are acquiring new skills every quarter. Skills that employees are getting trained on include Artificial Intelligence (AI), Machine Learning (ML), Big Data, IoT, cloud, cybersecurity […]

Budget 2020

Market Movers: Investors’ wealth at record high; 247 stocks hit upper circuit

Mumbai: Investors’ wealth hit an all-time high of Rs 160.68 trillion on Friday, as benchmark indices rallied for the seventh straight session. Nifty formed a reasonable positive candle with lower shadow, indicating that the uptrend is here to stay. While banks led the gains as the Reserve Bank of India’s Monetary Policy Committee stuck with […]