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Wipro announces Rs.11,000 crore share buy back

IT Major Wipro Technologies has announced a major share buy back of Rs.11,000 crores. The company posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for the April-June quarter. It has a net profit of Rs.2,052 crores for the same period, a year ago.  “We delivered revenues above the upper-end of the guidance range. ... Read More »

WIPRO accuses Donald Trump’s Policy

  Probably the first I.T. company ever, Wipro has listed Donald Trump’s business policies as adverse to business. It said some of Trump’s policies as a greater risk in conducting the business due to “greater restrictions on free trade” among others. Citing the above, it said the policies has led to a general and significant increases on tariffs on goods ... Read More »

Wipro receives threat letter

Wipro said on Friday that it has received a threat email asking a ransom of Rs.500 crores to be paid in bitcoins failing which their employees would be attacked with highly toxic ricin. The mail said around 1 kg of ricin would be used to kill the employees and the poison may be put in cafeteria food, toilet seats and ... Read More »

Wipro reports marginal growth in Net Profits

Wipro announced bonus issue and also may likely to go for a buyback. TCS and Infosys has already announced large buybacks in order to make their investors reap good returns. The decision was announced yesterday when the company announced its quarterly results ending March 2017. The bonus issue is expected to be done in the next two months in order ... Read More »

Wipro sacks 600 employees after performance appraisal

The technology giant Wipro has sacked 600 employees after the performance appraisal. An unconfirmed news says that the numbers can go as high as 2000 employees. Wipro which is the 3rd largest IT Solutions provider had over 1.79 lakh employees by December 2016. Wipro said it always undertakes a “rigorous performance appraisal process” to align its workforce with business objectives, strategic ... Read More »

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