Wipro News

The trading window for dealing in the securities of the Company is closed from June 16, 2024 till the close of of July 21, 2024 (both days inclusive).

WIPRO LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/07/2024 ,inter alia, to consider and approve a) the condensed audited standalone and consolidated financial results of the Company under lndAS for the quarter ended June 30, 2024.b) the condensed audited consolidated financial results of the Company under IFRS for the quarter ended June 30, 2024.The financial results will be approved by the Board of Directors on the evening of July 19, 2024.It is further informed that the trading window for dealing in the securities of the Company is closed from June 16, 2024 till the close of July 21, 2024 (both days inclusive).

Small and medium sized IT companies continued to show year-on-year improvement in the share of aggregate revenue and profit of the sector in the March 2024 quarter though the extent of improvement has tapered down implying resilience from the top tier companies.

Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.

D-Sreet closed on a positive note on Monday, with the S&P BSE Sensex gaining 443.46 points to settle at 79,476.19. The broader Nifty index also rose, adding 131.35 points to close at 24,141.95. The banking sector showed particular strength, with the banking gauge up by 0.44%. Tech Mahindra, Wipro, Bajaj Finance, Grasim Industries, and UltraTech Cement were among the top gainers, while NTPC, Eicher Motors, Apollo Hospitals Enterprise, SBI, and Dr. Reddy's Laboratories experienced declines. Market capitalisation of all the BSE listed companies increased by Rs 344,798 crore.

Wipro's stock witnessed a 21.2% surge in the last month, contributing to a 36.5% increase over the past year, with an 11% rise in the current calendar year.

Select stocks are clearly showing that they are making a comeback attempt.

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that Attune Australia Pty Limited, step-down subsidiary of Wipro Limited has been voluntarily de-registered with effect from June 26, 2024. The completion of aforesaid liquidation reflected in the commercial registry records on June 27, 2024.

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that merger Designit North America, Inc., (step-down subsidiary) with Wipro Designit Services, Inc. (step-down subsidiary) is completed and is effective from July 1, 2024.

Please refer our letter dated March 29, 2024 informing that the transaction to subscribe for the equity share capital in Huoban Energy 11 Private Limited was expected to be completed by June 30, 2024.In continuation to the aforesaid letter, it is hereby informed that the said transaction is now expected to be completed by December 31, 2024.

Please refer our letter dated April 4, 2024 informing that the transaction for transfer of shares held by Princess Nourahh Bint Abdulrahaman University''s Endowment Company (joint venture partner) in Women''s Business Park Technologies Limited ( step-down subsidiary of Wipro Limited) was expected to be completed by June 30, 2024.In continuation to the aforesaid letter, it is hereby informed that the said transaction is now expected to be completed by October 31, 2024, subject to receipt of requisite regulatory approvals and customary closing conditions.

Grant of Restricted Stock Units

Heavyweights RIL, HDFC Bank, and ICICI Bank were among the biggest contributors to Nifty's rise. Sectorally, buying was noticed in banks, FMCG, metals, and pharma. For Nifty50, the latest 1,000-point gain from 23,000 to 24,000 has been the 2nd fastest ever. Nifty took 23 sessions to climb 1,000 points.

Wipro Limited has informed the Exchange about Copy of Newspaper Publication

Pursuant to Regulation 34(2)(f) of the SEBI LODR Regulations , 2015, we are enclosing herewith the Business Responsibility and Sustainability Report for FY 2023-24, which also forms part of the Integrated Annual Report for FY 2023-24

This is to inform that the 78th AGM of the Company is scheduled to be held on Thursday, July 18, 2024 at 9 AM IST through video-conferencing

This is to inform that the 78th AGM of the Company is scheduled to be held on Thursday, July 18, 2024 at 9 AM IST through video conferencing.Pursuant to Section 108 of the Companies Act, 2013 and Regulations 30 and 34 of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the following:1. Notice of the 78th AGM (including e-voting instructions)2. Integrated Annual Report for the financial year 2023-24The aforesaid documents are available on the website of the Company at https://www.wipro.com/investors/annual-reports/ and are being dispatched to all eligible shareholders whose email addresses are registered with the Company/Depositories. The Register of Members and Share Transfer books will remain closed from Wednesday, July 17, 2024 to Thursday, July 18, 2024 (both days inclusive) for the purpose of the AGM in reference to our letter dated June 17, 2024.

Adani Ports joins Sensex as Wipro exits. The inclusion of APSEZ brings $259 million in passive inflows. Seven stocks' weights to rise: Bharti Airtel, Infosys, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Tata Steel, and IndusInd Bank.

Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.

Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.

Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.

Consumers have increased their spending on daily essentials, groceries, and household products by 18% in the first quarter of 2024 compared to two years ago, according to a recent Kantar report. Despite a recent softening in commodity prices, the prices for these goods remain nearly a fifth higher.

Indian benchmark equity indices opened higher led by information technology stocks after U.S. IT firm Accenture forecasted annual revenue growth above expectations.

Allotment of Equity Shares

The 30-share BSE Sensex rose 141 points to settle at 77,479. The broader NSE Nifty gained 51 points to end at 23,567. From the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries, and Kotak Mahindra Bank emerged as the top gainers, each rising over 1%. Conversely, Sun Pharma, M&M, NTPC, SBI, and Wipro were the top laggards. The Nifty Pharma index fell by 0.5%, primarily due to a 2.2% drop in heavyweight Sun Pharma's shares after its Dadra facility received a warning letter from the US drug regulator.

The article discusses how traders determine a build-up of fresh short positions by analyzing short selling and open interest. Five stocks, including ABB India and Godrej Properties, experienced a decline in stock prices and an increase in open interest, indicating a short build-up.

Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.

Intimation under Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Newspaper Advertisement - Regulation 47 of SEBI LODR Regulations, 2015

Indian benchmark indices Nifty50 and Sensex hit fourth consecutive record highs on Tuesday, driven by banking and IT stock gains, amid positive global market trends. Sensex rose 308 points to 77,301, while Nifty gained 92 points to 23,558.

Press Release - Wipro and GBST Announce Strategic Partnership to Transform Superannuation and Wealth Administration Services

Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer books will remain closed from Wednesday, July 17, 2024 to Thursday, July 18, 2024 (both days inclusive) for the purpose of Annual General Meeting.

This is to inform that the 78th AGM of the Company is scheduled to be held on Thursday, July 18, 2024 at 9:00 AM IST through video-conferencing.Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer books will remain closed from Wednesday, July 17, 2024 to Thursday, July 18, 2024 (both days inclusive) for the purpose of the AGM.

Press Release - Hanesbrands Inc. Strengthens Wipro Partnership to Accelerate Digital Transformation

The market capitalisation of BSE-listed firms hit another record high of Rs 434.88 lakh crore on Friday as the BSE benchmark scaled new closing peak, rallying for the third day running.

Equity indices hit record levels on Thursday after lower-than-expected inflation hints at RBI interest rate cut. L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, NITCO, Wipro, Nalco, Suven Pharma, and MosChip Technology make significant moves. Adani Group-owned Ambuja Cement acquires Penna Cement at Rs 10,422 crore. Morgan Stanley buys 3.13 crore equity shares in L&T Finance.

Wipro to Transform Automotive Software Development through Siemens Collaboration and Integration with PAVE360

Wipro Launches On-Premise GenAI Solution with Hewlett Packard Enterprise

Sensex and Nifty50 opened at a record high on Thursday following gains, driven by global stocks and a favorable U.S. inflation report.