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Wipro shares slip over 2% as MD and CEO Abidali Neemuchwala resigns

January 31, 2020 11:38 am

Abidali Z Neemuchwala will continue to hold the position until his successor is appointed by the company to ensure a smooth transition.

Wipro India says Abid Neemuchwala to step down as MD and CEO

Wipro MD and CEO Abidali Neemuchwala steps down

January 31, 2020 9:38 am

Wipro's board of directors has initiated a search to identify the next CEO, after Abidali Nemuchwala announced his decision to resign. He will hold the position until a successor is appointed to ensure smooth transition, the company said.

Wipro shares crash over 4% as Q3 net profit dips 2.17% YoY

January 15, 2020 11:58 am

On Tuesday, Wipro reported a net profit of Rs 24,559 million (Rs 2,455.9 crore) for the quarter ended December 31, 2019, down 2.17 per cent from Rs 25,104 million (Rs 2,510.4 crore) during the corresponding period year ago.

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Assam: Case against Wipro over labour law ‘violation’

October 01, 2019 4:47 am

“The case has been registered against Wipro for violating the Contract Labour (Regulation and Abolition) Act of 1970 because they had not obtained the required license,” said Labour Commissioner Narayan Konwar.

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Wipro founder Azim Premji to retire on July 30

June 06, 2019 4:48 pm

Azim Premji's son Rishad Premji will be replacing him as the Executive Chairman, and Chief Executive Officer (CEO) Abidali Z Neemuchwala will take over as the new MD, the company said in a statement.

Wipro consumer biz acquires Philippines-based firm Splash

April 30, 2019 3:02 am

Splash Corporation’s acquisition is Wipro’s eleventh in the consumer line business and ninth in the personal care segment.

Wipro Q4 net up 38% to Rs 2,494 crore; announces Rs 10,500 crore buyback plan

April 16, 2019 6:38 pm

The Wipro board has also approved a Rs 10,500 crore buyback plan under which it will buy back up to 32.3 crore shares at Rs 325 apiece.

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Azim Premji pledges another Rs 52,750 crore for philanthropy

March 14, 2019 4:05 am

Azim Premji family holds 74.30 per cent stake in Wipro which has a market capitalisation of Rs 1,55,523 crore.

Wipro founder Azim Pemji earmarks economic benefits of 34% of co's shares for philanthropy

March 13, 2019 7:18 pm

The Foundation works closely with many state government including Karnataka, Uttarakhand, Rajasthan, Chhattisgarh, Puducherry, Telangana, Madhya Pradesh and the northeast region.

Wipro Q3 net rises 34.9%; 1:3 bonus share offer announced

January 19, 2019 8:02 am

The company’s flagship IT services revenues grew 2 per cent to Rs 14,665 crore. In US dollar terms, the IT services revenues stood at $2,046.5 million, which was at the middle of the guidance on actual currency basis.