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The Latest Breaking News from Wipro

Nifty IT hits fresh 52-week low as Infosys, TCS, Wipro & others tumble up to 3%. What's spooking investors?

The Nifty IT index fell more than 2% to a fresh 52-week low on Tuesday as persistent inflation concerns and uncertainty over the US Federal Reserve's interest rate trajectory weighed on sentiment. Infosys, TCS, Wipro and other IT stocks declined up to 3%, with investors awaiting the sector's Q1 earnings…

The Economic Times

Tech Mahindra CEO Mohit Joshi’s FY26 pay climbs 12% to Rs 67.5 crore

Tech Mahindra CEO Mohit Joshi's pay surged 11.7% to Rs 67.5 crore in FY26, surpassing peers at Wipro and TCS. This reflects the company's aggressive push into AI and its ongoing turnaround strategy. While median employee pay dipped, Tech Mahindra reported strong revenue and profit growth, with significant deal bookings…

The Economic Times

Infosys’ Salil Parekh topped IT CEO pay in FY26; here’s what the big chiefs made

Infosys CEO Salil Parekh led the pack among top Indian IT executives in FY26, earning Rs 82.6 crore. Tech Mahindra's Mohit Joshi followed with Rs 67.55 crore. Wipro's Srinivas Pallia saw a pay dip, while TCS's K Krithivasan earned over Rs 28 crore. LTM's Venugopal Lambu also featured prominently for…

The Economic Times

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Jio revs up IPO engine; Accenture shock sinks IT

Jio Platforms has kicked off its IPO process with the filing of its draft papers with Sebi. This and more in today's ETtech Top 5.

The Economic Times

TCS, Infosys, Wipro, other IT stocks crash up to 8% as Accenture lowers FY26 guidance

Indian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast, signaling continued caution in discretionary technology spending. Accenture's Q3 results showed mixed performance, with earnings surpassing expectations but revenue slightly missing estimates, impacting global IT sector sentiment.

The Economic Times

Stocks in news: TCS, Infosys, RIL, HDFC Bank, Waaree Renewable

Indian markets saw a positive trend on Thursday, marking a fifth consecutive day of gains. Supportive global sentiment fueled the rally. Key companies like TCS, Infosys, RIL, HDFC Bank, and Waaree Renewable are in focus due to recent developments. Investors are watching for updates from Reliance Industries' AGM and news…

The Economic Times

Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast

Infosys and Wipro ADRs plunged following Accenture’s reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding discretionary IT spending, impacting Indian IT giants despite their AI investments and ongoing transformation projects, overshadowing recent cybersecurity acquisitions.

The Economic Times

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Infosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?

Indian IT stocks, including Infosys and TCS, experienced a significant decline of up to 3% on Thursday. This downturn was triggered by a hawkish stance from the US Federal Reserve, which has increased expectations of a rate hike later this year. Concerns over reduced discretionary spending in North America, a…

The Economic Times

Wipro's Rs 15,000 crore buyback closes today: Should retail investors participate? Analysts weigh in

Wipro's Rs 15,000-crore share buyback closes on June 17, with the company set to repurchase up to 60 crore shares at Rs 250 apiece, representing 5.7% of its paid-up equity capital. Only shareholders who held Wipro shares on the June 5 record date are eligible to participate.

The Economic Times

India's Wipro opens AI centre for Anthropic's Claude in Bengaluru

Wipro has launched a new AI hub in Bengaluru. This centre focuses on Anthropic's Claude models. It aims to help businesses adopt AI more widely. Wipro will train thousands of employees. This move comes as AI impacts traditional IT services. Rival TCS also recently partnered with Anthropic for AI scaling.

The Economic Times

Wipro shares in focus after unveiling Anthropic-powered AI hub in Bengaluru

Wipro has launched an Applied AI Center of Excellence in Bengaluru focused on Anthropic’s Claude models to scale enterprise AI adoption. The initiative includes training 10,000 professionals, deploying specialised engineers, and integrating AI across client solutions and internal operations, reinforcing its strategy of becoming a consulting-led, AI-powered organisation.

The Economic Times

Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa

Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to…

The Economic Times

Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?

Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients.

The Economic Times

Wipro's Rs 15,000 crore buyback opens today: Analysts expect 7-8% returns for retail investors. Here's how

Wipro's significant Rs 15,000 crore share buyback has commenced. Eligible shareholders can tender shares at Rs 250, a substantial premium to the current market price. This corporate action provides an opportunity for investors to realize profits. The buyback period runs from June 10 to June 17. Shareholders should ensure their…

The Economic Times

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The Economic Times

Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?

Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is poised for recovery, arguing Gen-AI presents an opportunity rather than an existential threat. Valuations have become attractive, leading to upgrades for major…

The Economic Times

Wipro's Rs 15,000 crore buyback opens tomorrow: Should retail investors tender shares?

Wipro's Rs 15,000 crore share buyback opens on Thursday, offering shareholders an opportunity to tender their shares at Rs 250 apiece, a 38% premium to the stock's previous closing price of Rs 181.67. The buyback, open from June 10 to June 17.

The Economic Times

Wipro's Rs 15,000-crore buyback opens June 11; entitlement ratio and key details announced

IT major Wipro's Rs 15,000-crore share buyback offer will commence on June 11 and conclude on June 17, 2026. Small shareholders can tender 11 shares for every 56 held, while general category shareholders are entitled to tender 10 shares for every 197 held. The company will communicate acceptance or rejection…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian equities ended sharply lower as weak global cues and geopolitical tensions triggered broad-based selling. Nifty slipped 1.04% to 23,123, with analysts advising caution and a sell-on-rise strategy. Market breadth remained weak, while select stocks attracted buying interest and several counters hit fresh 52-week highs.

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The Economic Times

Wipro shares plunge over 8%. What’s behind the selloff?

Wipro shares dropped significantly on Monday. This decline follows the company's share buyback record date. Investors who bought shares for the buyback are now selling. Morgan Stanley maintains an 'Underweight' rating. Challenges in growth and competition are impacting the IT sector. US market sentiment also affected Indian IT stocks.

The Economic Times

ED's Parimatch heat reaches Zepto; SPC's India deeptech push

Zepto has come under the ED's scanner as part of its probe into Parimatch. This and more in today's ETtech Top 5.

The Economic Times

Wipro plunges 8% after shares turn ex-record date for Rs 15,000 crore buyback

Wipro shares fell sharply on Friday after turning ex-record date for its Rs 15,000 crore buyback, despite broader market gains in the early trading hours. The share buyback marks the first such action announced by the IT major in nearly three years. The Investor sentiment was also impacted by allegations…

The Economic Times

Wipro buyback alert! Last date to buy shares to participate in Rs 15,000 crore share buyback

Investors must purchase Wipro shares by today, June 4th, to be eligible for the company's Rs 15,000 crore share buyback, as Friday, June 5th, is the record date. The buyback offers Rs 250 per share, a 22.5% premium, with analysts projecting potential short-term returns of 8-14% for retail investors.

The Economic Times

Flawed AI, deepfakes and geopolitical conflicts pose major risks to business: Wipro

IT major Wipro identifies Artificial Intelligence adoption as a significant risk. Flawed algorithms and biases could lead to legal and financial issues. Evolving regulations also pose threats. The company warns that AI's rapid integration into client offerings and internal operations carries inherent uncertainties. Inability to effectively innovate or integrate AI…

The Economic Times

Wipro CEO Pallia takes home Rs 49.6 crore in FY26

Wipro CEO Srinivas Pallia's compensation decreased to $5.29 million in FY26, while executive chairman Rishad A Premji earned $773,213. The company's FY26 revenue saw a modest increase, with a focus on AI and strategic acquisitions to drive future growth amidst cautious client spending.

The Economic Times

TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?

IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.

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