Tag: Wipro Ltd

Wipro dips 5% as stock turns ex-date for buyback

Wipro dips 5% as stock turns ex-date for buyback

14/09/2017 12:15

Shares of Wipro tumbled nearly 5 per cent on the Bombay Stock Exchange after the stock turned ex-date for the proposed buyback today.

As on September 1, 2017, the company has fixed September 15, 2017 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

Weighed down by the development, shares of the company declined as much as 4.88 per cent to trade at intra-day low of Rs 281.60 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 4.21 per cent lower at Rs 283.45 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,196.40, up 9.99 points, or 0.03 per cent, at 12:15 hours.

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Wipro partners First Book to donate books in Boston area

Wipro partners First Book to donate books in Boston area

09/08/2017 12:02

Wipro Limited, a leading global information technology, consulting and business process services company has said that it has partnered First Book, a nonprofit social enterprise to donate four thousand new books to students in the Boston area.

The books will be distributed to registered First Book members in the Boston area, providing additional education resources in the community where Wipro employees live and work. The books will be used to stock classroom libraries, facilitate reading circles and help students build their home libraries.

Launched in 1998, First Book’s National Book Bank is the first and only centralized distribution system for large-scale children’s book donations from publishers to schools and programs serving kids in need. The National Book Bank distributes 10 million books annually, and with Wipro’s support, 19,000 of these books will be donated to schools and programs in Indianapolis, Boston, East Palo Alto and Seattle.

Meanwhile, shares of the company were trading at Rs 288 apiece, up 0.19 per cent from the previous close at 12:09 hours on BSE.

Post Session: Sensex zooms 330 pts on F&O expiry, Nifty settles above 8,600; Kotak Bank jumps 7%

25/01/2017 16:11

The Indian equities continued their gaining streak for the third straight session on expiry of January series F&O contracts as banking stocks extended rally on strong quarterly results, tracking firm cues from Asian peers. Private sector lender Kotak Mahindra Bank surged 7 per cent after it reported a growth of 34 per cent in its consolidated net profit for the October-December quarter of 2016 at Rs 1,267 crore. Besides, the investors also remained optimist over Union Budget 2017-18, hoping that it would sops for some sectors to help spur economic growth.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27708.14, up by 332.56 points or by 1.21 per cent, and the NSE Nifty ended at 8602.75, up by 126.95 points or by 1.5 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 27736.83 and intraday low of 27439.68, while the NSE Nifty touched intraday high of 8612.6 and intraday low of 8493.95.

The top gainers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1336.00,+4.31%), Adani Ports & Special Economic Zone Ltd. (Rs. 303.85,+3.61%), Hero MotoCorp Ltd. (Rs. 3232.00,+3.15%), Axis Bank Ltd. (Rs. 463.70,+2.76%), Coal India Ltd. (Rs. 316.10,+2.13%), among others.

On the flip side, Wipro Ltd. (Rs. 473.45,-1.59%), Bharti Airtel Ltd. (Rs. 311.55,-1.52%), Reliance Industries Ltd. (Rs. 1016.70,-1.06%), Sun Pharmaceutical Industries Ltd. (Rs. 636.10,-0.94%), Infosys Ltd. (Rs. 936.65,-0.89%), were among top losers on BSE.

On the sectoral front, financial and consumer durables indices emerging as top gainers, adding as much as 2.33 per cent and 2.26 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3105, shares advanced were 1575 while 1310 shares declined and 220 were unchanged.

Hisense partners Wipro for 4K TV segment in Japan

05/01/2017 16:28

Country’s third largest software exporter Wipro Ltd on Thursday said Hisense selected Wipro as the middleware partner for its 4K TV segment in Japan.

In a filing to the Bombay Stock Exchange, Wipro said, “Its Digital TV Middleware solution has successfully enabled Hisense 4K TVs in Japan. Hisense Co Ltd is a multinational white goods, brown goods and electronics manufacturer.”

Wipro solution supports Hisense 4K TV product features – ISDB-T/S Broadcast and HD-PVR – to enable a premium viewing experience for customers, it said.

The IT giant integrated its market-ready software stack with Hisense’s 4K TV product portfolio. It also helped the company accelerate the product development lifecycle of its recently launched product variants of 4K LCD TV, Wipro added.

Wipro’s middleware solution is fully compliant with the latest Japanese Association of Radio Industries and Businesses (ARIB specifications) (ISDB-T/S) and is Integration-Ready for Android TV, Linux, QNX and other operating systems.

Commenting on the development, Wipro Ltd, Senior Vice President and Global Head, Product Engineering Services, Anita Ganti said, “We are delighted to partner with Hisense in the launch of their 4K TV products in Japan. The successful deployment is a testament to the best-in-class quality of our Digital TV Middleware Solutions and reinforces our commitment to become a partner of choice for the global media industry.”

Meanwhile, shares of the company closed at Rs 479.70 apiece, up 0.83 per cent, from previous close on BSE.

Markets trading higher; Tata Motors, Wipro shares advance

13/12/2016 10:22

The key domestic benchmark indices were trading higher in the morning trading session as investors got some support with Central Board of Direct Taxes (CBDT) clarification that an increase in turnover of a business owing to its accepting digital means of payment will not trigger reopening of cases of past years.

Also, traders are expected to remain cautious ahead of key monetary policy meeting from the US Federal Reserve and surge in crude oil prices. The investors will also keep an eye on November CPI inflation which will be announced later in the day.

At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 26573.85 up by 58.61 points or by 0.22 per cent, while the NSE Nifty was trading at 8175.55 points, trading higher by 4.75 points or by 0.06 per cent.

The BSE Sensex touched an intraday high of 26611.81 and an intraday low of 26494.23 while the NSE Nifty touched an intraday high of 8200.95 and an intraday low of 8155.8

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 465.70,+2.45 per cent), Wipro Ltd. (Rs. 461.45,+1.60 per cent), Maruti Suzuki India Ltd. (Rs. 5200.05,+1.05 per cent), ITC Ltd. (Rs. 234.70,+0.92 per cent), Reliance Industries Ltd. (Rs. 1035.50,+0.72 per cent), among others.

Meanwhile, Tata Steel Ltd. (Rs. 418.65,-1.26 per cent), Lupin Ltd. (Rs. 1487.45,-1.02 per cent), Asian Paints Ltd. (Rs. 902.85,-0.81 per cent), ICICI Bank Ltd. (Rs. 263.10,-0.59 per cent), Cipla Ltd. (Rs. 572.50,-0.32 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2014 shares traded, 1104 shares advanced, 824 shares declined while 86 were unchanged.

On the global front, Asian stocks were trading mixed today as traders remained focused on the outcome of the US Federal Reserve meeting. China’s Shanghai composite extended losses and Hong Kong’s Hang Seng was also under selling pressure. US stocks closed lower in the previous trading session as investors remained wary ahead of key monetary policy meeting from the US Federal Reserve.

Sensex slips below 26,000-mark; Tata Motors drops nearly 3.92%

24/11/2016 13:33

Indian equity benchmarks continued to trade in the negative territory during the afternoon session on Thursday with speculators liquidating positions as today being the last day of November month derivatives expiry.

Also, concerns rose over looming US monetary tightening may impact foreign capital flows to Asia’s third biggest economy, and weakness in Rupee against US dollar, too influenced domestic sentiment.

At 1:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 25,916.68, down by 135.13 points or 0.52 per cent while the NSE Nifty was at 7,985.75, down by 47.55 points or 0.59 per cent.

Meanwhile, selling pressure was witnessed mainly in the oil & gas and auto sector stocks.

Major show spoilers were Tata Motors Ltd. (Rs. 452.90,-3.92%), NTPC Ltd. (Rs. 156.10,-2.41%), ICICI Bank Ltd. (Rs. 259.75,-1.98%), Reliance Industries Ltd. (Rs. 989.10,-1.80%), Sun Pharmaceutical Industries Ltd. (Rs. 689.55,-1.64%), among others.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 938.05,+1.91%), Tata Consultancy Services Ltd. (Rs. 2186.05,+1.36%), Wipro Ltd. (Rs. 453.45,+1.18%), Bajaj Auto Ltd. (Rs. 2625.95,+1.16%), Power Grid Corporation of India Ltd. (Rs. 183.90,+1.13%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,550 shares traded, 1,255 advanced while 1,117 shares declined and 178 remained unchanged.

On the global front, Asian markets were mixed after Fed minutes showed that officials saw a stronger case for monetary tightening relatively soon amid an improvement in the labour market, with some FOMC members calling for an interest rate hike as soon as December.

Wipro bags IT contract from NSB Group

Wipro bags IT contract from NSB Group

07/09/2016 09:38

Wipro Ltd., a leading global information technology firm has said that it has won an IT contract from NSB Group, one of Norway’s largest transportation groups. Headquartered in Oslo, NSB has extensive passenger transportation operations by way of the rail and bus, freight by rail, property management and development and train maintenance segments.

As part of the three-year agreement, Wipro will implement itsBoundaryless Datacenter (BLDC) and LiVE Workspace solutions and utilize its next-generation delivery framework ServiceNXT to deliver services which will help NSB variablise their IT operations.

The proposed government-backed reforms in the Norwegian railway sector are expected to provide a fillip to the efficiency of the railways. The Wipro-enabled back-bone of IT infrastructure services will enable NSB to achieve greater flexibility, scalability, cost efficiency and offer an enhanced end-user experience. It will also help the company become more future-ready and competitive, in keeping with the spirit of the reforms.

Meanwhile, shares of the company were trading at Rs 485.70 apiece, up 0.60 per cent from the previous close at 09:42 hours on BSE.