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Wipro Ltd (WIPR.NS)

WIPR.NS on National Stock Exchange of India

288.60INR
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Wipro Subject Of Litigation With Customer Relating‍​ To ERP Implementation Project
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Wipro Ltd ::SAYS CO IS SUBJECT OF LITIGATION WITH CUSTOMER RELATING‍​ TO ERP IMPLEMENTATION PROJECT, WHICH BEGAN IN 2009.LAWSUIT SEEKS DAMAGES OF UP TO $140 MILLION PLUS ADDITIONAL COSTS RELATING TO ERP IMPLEMENTATION PROJECT UNDERTAKEN BY NATIONAL GRID US.SAYS BELIEVES "ALLEGATIONS MISSTATE FACTS"; WILL CONTEST ALLEGATIONS IN COURT.  Full Article

Wipro sees Dec-qtr revenues from IT services to be in range of $2.01 bln to $2.05 bln
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Wipro Ltd ::Expect Dec quarter revenues from IT services business to be in the range of $2,014 million to $2,054 million.Says IT services margin for the quarter was 17.3 pct‍​.Productivity gains generated by holmes automation suite, operational efficiencies overcame incremental impact of wage hikes.Says gross utilization has expanded by 90 bps sequentially to end Q2 at 72.9 pct‍​.Says IT services segment revenues for quarter in dollar terms were $2.01 billion, an increase of 2.1 pct sequentially‍​.  Full Article

India's Wipro Sept-qtr consol profit up about 6 pct
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Wipro Ltd :Sept quarter consol net profit 21.92 billion rupees versus 20.67 billion rupees last year.Consensus forecast for Sept quarter consol profit was 20.80 billion rupees.Sept quarter consol net sales 134.23 billion rupees versus 137.66 billion rupees last year.Sept quarter consol IT services segment revenue 131.69 billion rupees versus 131.37 billion rupees last year.  Full Article

Wipro Singapore to buy 100 pct stake in Zhongshan Ma Er
Thursday, 22 Sep 2016 

Wipro Singapore Pte. Ltd: Signed a definitive agreement to acquire 100% shareholding of Zhongshan Ma Er Daily Products Limited . Deal will be fully paid in cash .Post acquisition, Wipro Unza will touch an annual run rate of close to RMB 1 billon ($150 million).  Full Article

Wipro, Stibo Systems partner to offer Master Data Management solutions
Monday, 29 Aug 2016 

Wipro Ltd : Wipro and Stibo Systems partner for Master Data Management solutions .  Full Article

Wipro to make minority strategic investment in Intsights Cyber Intelligence
Thursday, 18 Aug 2016 

Wipro Ltd : To make strategic investment of $1.5 million in Intsights Cyber Intelligence Ltd .  Full Article

Wipro Infrastructure Engineering to acquire HR Givon
Monday, 1 Aug 2016 

Wipro Infrastructure Engineering : Wipro Infrastructure Engineering to acquire aviation and aero component manufacturer HR Givon of Israel .  Full Article

Wipro gets members' nod for re-appointment of T K Kurien as executive director
Wednesday, 20 Jul 2016 

Wipro Ltd : Gets members' nod for appointment of Patrick J Ennis as an independent director . Gets members' nod for appointment of Patrick Dupuis as an independent director . Gets members' nod for re-appointment of TK Kurien as an executive director . Gets members' nod for appointment of Abidali Neemuchwala as executive director .  Full Article

Wipro says Greater Toronto Airports Authority awards IT and business transformation contract
Wednesday, 20 Jul 2016 

Wipro Ltd : Wipro ltd.- Greater Toronto airports authority awards futuristic it and business transformation contract to Wipro .  Full Article

India's Wipro exec says co will meet target of $15 bln in revenue by 2020
Tuesday, 19 Jul 2016 

Wipro Ltd : Exec says discretionary spend by oil companies is not opening up, there is a lot of pent up demand . Exec says will meet target of $15 billion in revenue by 2020 . Further company coverage [WIPR.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

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India's Wipro faces lawsuit by National Grid US

Wipro Ltd , India's No.3 software exporter, said on Friday that it would challenge a lawsuit filed by National Grid US seeking damages of over $140 million related to a project that dates back to 2009.