Wipro articles
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Wipro headcount falls by 9.5% in FY24
The fourth largest Indian IT service firm, Wipro saw its headcount decline by 9.5 % in the fiscal 24. This is the third time in a decade that the IT major saw a full-year decline in its headcount, by ending the fiscal at a lower number compared to the start of the year.Wipro started the fiscal 24 with a total headcount of 2,58,570. It ended the financial year with a total strength of 2,34,054 employees, down by 24,516 employees. This is also the sixth quarter in a row where closing headcount has...
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Azim Premji, Rishad reappointed to Wipro board for 5 years
The board of directors of Wipro Limited has reappointed Azim H Premji as non-executive, non-independent director and his son Rishad A Premji as executive chairman for a period of five years with effect from July 31, 2024, subject to the approval of stakeholders.The Premji family members together own 4.43% shares in Wipro, including Premji’s wife Yasmeen (0.05%). The promoter group together holds about 72.9% in the IT firm.Wipro has been underperforming its rivals in the IT sector on several...
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Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake
Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart. This and more in today's ETtech Morning Dispatch.Also in the letter:■ Flipkart’s FireDrops seeks use cases■ Zilingo's Ankiti Bose files FIR against cofounder ■ Database company MongoDB ups India play Temasek, Fidelity may invest $200 million in Lenskart via secondary deal109577363Singapore’s state-owned Temasek and US investment fund Fidelity are in talks to invest in...