IT major Wipro on Friday announced an interim dividend of Rs 6 per equity share of par value Rs 2 each to the members of the company as on January 28, 2025, being the record date. In a regulatory filing, it said, “The Board of Directors (Board) of Wipro Limited (Company), have at their meeting
IT major Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year. Though sequentially there is a drop in Q3 profit from Rs 1257.50 crore recorded in Q2FY25, one of the big contributors to the profit growth on
The IT company of the Mahindra Group Tech Mahindra’s attrition rate rises to 11.2% in Q3 FY25, up 90 basis points year-on-year. The company’s headcount was 150,488 in Q3 FY25 Vs 146,250 in Q3 FY24, up 4,238 on year. In the previous quarter of FY25, the headcount was 154,273. The utilisation rate stands at 85.6%
Wipro’s attrition rate rises higher to 15.3% for Q3 Vs 14.2% in the same quarter last fiscal. The company’s total headcount is down by 1,157 employees QoQ and stood at 232,732 in Q3 FY25 compared to 233,889 in Q2 FY25. The total employee count was 239,655 in Q3 FY24. The net utilisation, which excludes trainees
LTIMindtree reported a healthy performance for the fiscal third quarter with revenue growth in line with estimate, in the backdrop of a seasonally weak quarter due to furloughs, and EBIT margin was slightly below expectation, said brokerage firms. On January 16, LTIMindtree released its Q3 numbers with profit at Rs 1086.70 crore, posting a drop
Communications minister Jyotiraditya Scindia on Friday said the Cabinet has approved the refarming of 687 MHz of spectrum from various government ministries for the deployment of 5G and future 6G services. The total worth of the spectrum that has been approved for refarming so far is estimated to be Rs 2 lakh crore, officials said.
While many IT majors including Tata Consultancy Services (TCS), HCL Tech, Infosys, have already released its fiscal third quarter earnings, Wipro is all set to announce its Q3 results today (January 17). Wipro will also announce a dividend for its shareholders. According to brokerage firms and analysts, Wipro is expected to post a quarterly decline
Go to Live UpdatesWipro, Tech Mahindra Q3 Results Live Updates: With the IT majors including Tata Consultancy Services (TCS), HCL Tech, Infosys, and oil-to-telecom-to-retail conglomerate Reliance Industries (RIL) already having released their fiscal third quarter results, the Q3 earnings season is now in full swing. Today, IT majors like Wipro and Tech Mahindra and other
State-owned Bharat Sanchar Nigam (BSNL), which was seen gaining mobile users after tariff hikes by private telecom operators in July last year, has now started seeing subscribers loss, according to data by the Telecom Regulatory Authority of India (Trai). In November, the telecom operator lost 344,473 mobile users after continuously adding the subscribers for four
State-owned Bharat Petroleum Corporation Ltd (BPCL) which recorded a 19.6% jump in its consolidated profit for the third quarter of FY25 has revised its capex target for the current fiscal year upwards from Rs 13,000 crore to Rs 16,000 crore and set the goal for 2025-26 at around Rs 19,000 crore. The company is also
Prominent real estate developers and brand experts have called for an amicable resolution to the legal battle between the Lodha brothers, Abhishek and Abhinandan, over the use of the family name in their respective businesses. Abhishek Lodha’s Macrotech Developers recently filed a petition in the Bombay High Court against Abhinandan Lodha’s firm, alleging misuse of
In spite of the significant rise in housing prices across Indian cities in 2024, homebuyers continue their quest for bigger living spaces. Latest ANAROCK data shows that average flat sizes in the top 7 cities rose by 8% annually in 2024 – from 1,420 sq. ft. in 2023 to 1,540 sq. ft. in 2024. Back
Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though
