Tag: Wipro

Wipro Consumer Care forays into pet food; to invest ₹150 cr

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Wipro Consumer Care forays into pet food; to invest ₹150 cr

Wipro Consumer Care and Lighting President-Foods Business and COO– New Business Anil Chugh and Managing Partner-Pet Care Saurabh Shekhar at the launch of pet food in Hyderabad on Wednesday. | Photo Credit: By Special Arrangement Wipro Consumer Care and Lighting, part of Wipro Enterprises, is entering India’s fast-growing pet food market with plans to invest…

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Wipro eyes ₹30,000 cr personal care mart, acquires 60% stake in Dermatouch for ₹387.5 cr

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Wipro eyes ₹30,000 cr personal care mart, acquires 60% stake in Dermatouch for ₹387.5 cr

Wipro Consumer Care & Lighting CEO and Wipro Enterprises MD Kumar Chander poses for a photo with DERMATOUCH co-founders Anish Nagpal and Amit Purswani after sealing the deal | Photo Credit: ANI   Wipro Consumer Care & Lighting is stepping up its presence in India’s rapidly expanding premium skincare market by acquiring a 60% stake…

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Business

Wipro to up its stake in U.S. firm Aggne Global to 80%

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Wipro to up its stake in U.S. firm Aggne Global to 80%

Wipro Limited and Wipro IT Services, had acquired 60% stake in Aggne Global in February 2024. File. | Photo Credit: Reuters Wipro IT Services will acquire an additional 20% stake in Aggne Global Inc, an insurtech company headquartered in Florida, with its primary global affiliate Aggne Global IT Services based in Hyderabad, Telangana. The cash deal,…

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

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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…

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

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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…

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

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

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…

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Business

Law Tribunal Dismisses Insolvency Plea Against Wipro

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Law Tribunal Dismisses Insolvency Plea Against Wipro

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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