Azim Premji

Wipro's Q1 guidance wipes off Rs 7,712 crore from market cap

Monday April 22, 2013

Wipro, whose customers include Citigroup and Apple, projected first-quarter revenue for its IT services business to be in a range of $1.58 billion to $1.61 billion, a decline of 0.6 per cent to a rise of 1.6 per cent over the previous quarter.

Indian IT's Big Four build $8 billion cash chest

Monday April 22, 2013

The country's four top IT firms -- TCS, Infosys, Wipro and HCL Technologies -- have seen their combined cash chest swell to a whopping $8 billion (Rs 43,200 crore), even as the overall business trends remain sluggish for the entire sector.

Worried about procedural impact of US immigration bill: Wipro

Friday April 19, 2013

Wipro today expressed concern over the likely procedural impact of the proposed immigration reform bill in the United States, which accounts for more than 50 per cent of its IT services revenues.

I have already given 25% of my wealth to charity: Azim Premji

Friday April 19, 2013

Wipro chairman Azim Premji today said he has already given more than 25 per cent of his personal wealth to charity, but acknowledged it's not easy to use money well in philanthropy.

Wipro shrugs off guidance concerns amid flat Q4 growth

Friday April 19, 2013

For the quarter ending June 30, 2013, Wipro expects revenues from IT services to be in the range of $1,575 million to $1,610 million.

Wipro Q4 net expected to fall 2% to Rs 1,685 crore

Thursday April 18, 2013

Brokers polled by NDTV expect Wipro to report a net profit of Rs. 1,685 crore, a 1.8 per cent sequential fall from the December quarter. Sales are estimated to rise 1.2 per cent quarter on quarter to Rs 11,158 crore.

Wipro promoters to sell shares through offer for sale route

Monday April 15, 2013

India's third biggest IT services firm Wipro today said its promoters will soon sell shares in the company through the offer for sale (OFS) route.

Rahul Gandhi on Narendra Modi's turf? to woo India Inc. this Thursday

Reported by Sandeep Phukan, Edited by Abhinav Bhatt | Monday April 1, 2013

Congress Vice President Rahul Gandhi will address India Inc this week at a star-studded gathering organised by industry body CII, to be inaugurated by the Prime Minister and attended by top politicians.

Karnataka High Court approves Wipro's demerger plan

Thursday March 21, 2013

IT major Wipro today said the Karnataka High Court has approved its demerger scheme through which the firm plans to hive off non-IT business.

India's richest not too keen to share

Wednesday March 20, 2013

India now has 55 dollar billionaires, the fifth-biggest number in the world, according to a Forbes ranking this month. But like other emerging economies such as China, Indias charitable giving still lags markedly behind that in the West where the tra...

India's billionaire club slow to share riches

Agence France-Presse | Wednesday March 20, 2013

They may build skyscraper mansions, travel by private jet and throw sumptuous wedding parties, but it seems India's super-rich are much slower at opening their wallets for charity.

Wipro's promoter entity sells shares worth Rs 3,269 crore

Friday March 15, 2013

A promoter entity of Wipro Ltd today offloaded over seven crore shares of the IT company to two other promoters in transactions worth Rs 3269.57 crore.

Transfer of shares within Wipro promoter group entities

Saturday March 9, 2013

IT company Wipro today informed the Bombay Stock Exchange that promoter group entities, Prazim Traders and Zash Traders have acquired 7.43 crore shares of the company from Hasham Traders, also a promoter group firm.

India's best known philanthropic businessmen

Friday March 8, 2013

"After a certain point in time, money cannot make a difference in your life. I feel that it's not even called charity, it's about accountability and responsibility," Sobha Group founder P.N.C. Menon said, when he announced he would donate half of his...

Premji effect? Sobha Group's Menon to donate $300 million, half his fortune, to charity: report

Thursday March 7, 2013

Dubai-based Menon, a first generation entrepreneur who began his professional career by setting up an interior decoration firm in the Sultanate of Oman in 1976, told 'Arabian Business' that he plans to open education institutes in India and Oman.