Wipro down 8%; Reliance, ICICI Bank drag Nifty lower
Wipro shares fell sharply after weak quarterly results, while Reliance Industries and ICICI Bank also declined, pulling the Nifty50 index down 0.5% on Monday.
Wipro shares fell sharply after weak quarterly results, while Reliance Industries and ICICI Bank also declined, pulling the Nifty50 index down 0.5% on Monday.
Indian stock markets faced pressure on January 19 with Nifty down 0.40%. Trump's tariff proposals and weak performances from Reliance, ICICI Bank impacted sentiment.
An IT union files complaint with Labour Ministry against Wipro for delaying onboarding of 250 freshers. Company revises hiring target downward in Q3 earnings.
Wipro shares fell 7% after Q3 results showed weak deal wins and margin concerns. Revenue growth met guidance but large deal delays and margin pressures cloud the outlook.
Wipro shares plummeted 10% to 248.75 rupees after the company projected weak Q4 revenue growth and reported disappointing deal bookings, marking its steepest fall since July 2024.
Wipro shares plunged 10% following disappointing Q3 results. Investors are now debating whether to buy, hold, or sell the stock as the IT giant faces challenges.
Indian IT majors TCS, Infosys, Wipro, and HCL Technologies have released Q3 FY26 results. Experts analyze which stock offers the best value for long-term investors.
Wipro reported December quarter revenue of $2.6 billion with sequential growth, while Tech Mahindra posted $1.6 billion. Both IT giants show cautious optimism for Q4 amid muted demand.
India's top five IT companies recorded only 17 net hires in the first nine months of FY2025-26, a sharp drop from 17,764 last year, as AI and automation reshape hiring models.
Wipro reports a 7% decline in net profit to Rs 3,119 crore for Q3, with revenue at Rs 22,205 crore. The IT giant faces market headwinds and a slowdown in key sectors.
Wipro and Tech Mahindra posted stronger revenue growth and profitability than larger rivals TCS and Infosys during a challenging third quarter for India's IT sector.
Wipro has announced a 5.5% year-on-year increase in gross revenue for the third quarter of FY26, reflecting steady growth in its business operations amid market challenges.
Wipro reports a 7% decline in net profit to Rs 3,119 crore for Q3, reflecting ongoing market pressures and strategic adjustments in the IT sector.
Wipro reports a 7% decline in net profit to ₹3,119 crore for Q3 FY26. The IT giant's board approves an interim dividend of ₹6 per share for shareholders.
Over 30 companies, including Reliance Industries and Wipro, will announce their Q3 FY26 results today. Analysts watch for GST impact and global uncertainty effects on earnings.
India's IT giants TCS and HCLTech kick off Q3 earnings on Jan 12. Analysts forecast modest 0.3-2.3% CC growth. Get the full schedule and brokerage insights here.
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India's top IT firms like TCS, Infosys, and Wipro are set for another quarter of weak growth due to sluggish US client spending and delayed deals. Read the full analysis of Q4 FY25 expectations.
UAE mandates exit permits for students to leave school, introduces strict absence tracking. New rules aim to boost child safety. Details on permits, 'Friday trap', and penalties for Indian families.
Wipro has updated its hybrid work policy, requiring employees to be in the office for 6 hours a day, three days a week. This follows similar moves by Infosys and TCS. Read the full details and industry implications here.
Wipro Ltd expands its Mumbai Metropolitan Region presence, leasing 145,157 sq ft in Airoli East for ₹97.25 lakh monthly rent. The deal highlights Navi Mumbai's strong SEZ office market.
Wipro mandates a minimum 6-hour office stay for its hybrid workforce, effective January 2026. Learn about the new rules, leave deductions, and the IT sector's shift away from remote work.
Wipro's new hybrid work policy requires employees to be in office for at least 6 hours, 3 days a week. Non-compliance will impact leave balance. Details inside.
Indian travellers to Saudi Arabia must now obtain prior clearance for carrying certain restricted medicines. Learn the new rules to avoid legal issues and deportation.
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