Tag: Wipro

Wipro to acquire a Samsung-owned tech firm, in a cash deal of $375 million

August 21, 2025 admin

Wipro to acquire a Samsung-owned tech firm, in a cash deal of 5 million

The DTS unit would bring to Wipro a robust foundation in digital engineering and ER&D, with strengths spanning domain-led design, connected products, and software platforms, says Wipro. | Photo Credit: Reuters Wipro Limited, Asim Premji-Promoted tech firm based in Bengaluru, has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit of…

Business

Wipro to acquire a Samsung-owned tech firm, in a cash deal of $375 million

August 21, 2025 admin

Business

Wipro Q3 net profit zooms 24.4% to ₹3,354 crore; firm tweaks capital allocation policy

January 17, 2025 admin

The capital allocation policy has been revised to increase the payout percentage from 45-50% to 70% or above of the net income cumulatively on a block of three-year period, the company statement said. File | Photo Credit: Reuters IT services company Wipro on Friday (January 17, 2025) reported a 24.4% year-on-year rise in its consolidated…

Business

Law Tribunal Dismisses Insolvency Plea Against Wipro

September 10, 2023 admin

New Delhi: The National Company Law Appellate Tribunal has dismissed an operational creditor’s petition to initiate insolvency proceedings against Wipro Ltd. A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not…

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