Azim Premji and his family claimed the 9th spot in the top 10 richest Indians list with a wealth of Rs 1,90,700 crore. India’s billionaire population has surged, adding one every five days in the last year, according to the Hurun India Rich List 2024. The country now boasts a total of 334 billionaires. The…
Wipro Chief Human Resources Officer Saurabh Govil has shared the company’s “new hybrid work policy” that it introduced recently. According to this policy, employees will be required to work from the office three days a week and they will also have the option to seek remote working for specific days in a year.Notably, Wipro had…
India’s IT sector is reportedly gearing up for a significant increase in campus hiring this fiscal year. According to a report in Economic Times, quoted industry experts, IT campus hiring is expected to surge 20-25% this fiscal, backed by growing demand for talent in AI, cybersecurity, cloud computing, and data analytics. After a slowdown in…
BENGALURU: The timing of salary increases within many IT companies has shifted from the traditional April-June period to the third quarter of the year, introducing a level of uncertainty as the process is now influenced by the demand outlook. Salary increases have become more unpredictable in recent years, with the frequency and timing of these…
Oil prices surged and major stock markets retreated on Thursday, October 3, as investors grappled with escalating tensions in the Middle East. Brent crude topped $77 per barrel, while WTI flirted with $74, both rising over 5% before paring some gains.The Dow and S&P 500 declined in New York, while the Nasdaq gained. European markets…
<p>The Indian IT industry experienced a turning point in the June quarter, with several companies reporting net headcount additions. (AI image) <br></p> Indian IT sector to see hiring revival: The IT services sector is poised for a significant resurgence in fresher hiring this year, with estimates suggesting a nearly twofold increase in entry-level recruitment compared…
Wipro has become the latest Indian IT company to implement a strict work-from-office policy, tying the employees’ work from home shifts to their leaves. As per a report, the Bengaluru-based tech major sent an email to its staff asking them to attend office at least three days in a week or risk losing the day’s…
Wipro Q4 results: The net profit of IT services company Wipro decreased by 8% year-on-year, amounting to Rs 2,835 crore for the quarter ending in March 2024. The profit in the previous year’s quarter was Rs 3,074 crore. Wipro’s revenue surpassed market expectations despite a 4.2% decline, said a Reuters report. The company’s consolidated revenue…
Srinivas Pallia, a long-time employee of Wipro, sold all his shares in the company worth Rs 5 crore just a month and a half before being appointed as the new CEO of the IT giant. The transaction, which took place on February 14, was reported to the exchange the following day. Pallia disposed of his…
BENGALURU: The appointment of non-Indian CEOs at Indian IT companies has presented a curious case of cultural misalignment, as evidenced by the departures of former Wipro CEO Thierry Delaporte and former Cognizant CEO Brian Humphries.Both leaders faced challenges in blending into the cultural fabric of their respective firms. Both CEOs were based in Europe –…
