CRISIL net falls 34 pc to Rs 2.20 cr in Q1

MUMBAI, JULY 10: Other income was lower at Rs 9.17 lakh in Q1 against Rs 1.09 crore in the corresponding quarter of 1998-99 due to the acq...

MUMBAI, JULY 10: Other income was lower at Rs 9.17 lakh in Q1 against Rs 1.09 crore in the corresponding quarter of 1998-99 due to the acquisition of the business of Information Products and Research Services India Pvt Ltd along with its brand INFAC and purchase of new office premises, Crisil said in a release here today.

Depreciation was also higher for the first quarter at Rs 1.40 crore against Rs 63.62 crore in Q1 of 1998-99, it said.

However, the company expects to make up for the same by building up treasury through sale of existing premises, it added.

During Q1 of the fiscal 1999-2000, the earning per share (EPS) stood at Rs 3.54 against Rs 5.36 in the corresponding period of the previous year, the release said.

Premji said that Wipro would partner with the Government "to find a lasting solution for Bengaluru's mobility challenges".

Wipro rejects Karnataka Govt request to allow public vehicles inside Sarjapur campus

Cities8 hr ago

Wipro, a leading company in Bengaluru, has refused to allow public vehicles inside its Sarjapur campus to ease traffic congestion. However, they have agreed to finance a study to find a solution for the traffic problem. The founder, Azim Premji, believes that the issue is complex and requires expert analysis. Wipro has also committed to funding a significant portion of the study's cost.

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