Wipro Limited (WIPRO.NS)
| Previous close | 452.45 |
| Open | 454.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 453.10 - 457.25 |
| 52-week range | 375.05 - 545.90 |
| Volume | |
| Avg. volume | 6,099,881 |
| Market cap | 2.382T |
| Beta (5Y monthly) | 0.70 |
| PE ratio (TTM) | 21.91 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.00 (0.22%) |
| Ex-dividend date | 24 Jan 2024 |
| 1y target est | N/A |
- Reuters
Former Wipro CEO Delaporte earned $20 million in last year at helm
India's No.4 IT services firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025. Wipro said the cash payment was "to enable a smooth transition, ensure business continuity and to ensure adherence to post-engagement obligations" such as maintaining confidentiality and avoiding making derogatory comments about the company. "The company would have taken into consideration the French employment laws which are vastly different than American and Indian employment laws and sided towards employees," Shriram Subramanian, the founder of proxy advisory firm InGovern Research, said.
- Reuters
Wipro COO Amit Choudhary quits, business operations head Jain named successor
Choudhary is leaving the company to pursue opportunities outside the organization, and May 31 will be his last day at the firm, it said in an exchange filing. His exit comes after Wipro's Asia Pacific, India, Middle East and Africa (APMEA) President Anis Chenchah stepped down last week. Both Chenchah and Choudhary were picked by former CEO Thierry Delaporte as they worked together at French tech giant Capgemini.
- Reuters
Tech companies plug into India's smaller cities for talent
Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. Some are already finding it easier to hire staff in tier 2 cities, in contrast to before the pandemic when workers largely went from smaller cities into the country's major IT hubs for jobs. "The HR and I used to drive down to Bengaluru and Chennai to interview experienced talent and convince them to move to Madurai," said Selvaganesh M.P, founder of IT firm SMI that was bought by mid-cap IT company Happiest Minds in 2023.
